davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-12-22
Middle States Oil

Subsidiaries Of the Middle States and
Imperial Oil corporations, either joint
~ or severally, are now drilling thirty
one wells, of which twenty eight are
offsets and three near oil development,
according to G. n. Haskell, chairman OF
the boards of the two companies. In
speaking of the outlook for 1922 Gov
ernor Haskell added: GAS whole, the
oil industry came through the period
Of readjustment in good shape, and
1922 should be a prosperous year. De-
velopments in the fields where we op-
crate have lately been most encourag
ing. For instance, on December 10 last
the North American Oil and Refining
Company, Of which our Imperial is a
considerable stockholder, discovered d
deeper sand at $500 feet on the 3. f.
Scott farm in the South Bend field,
northern Texas, the well going strong
above 1000 barrels daily. This field
heretofore has been producing from
sand at 1900 and 2,200 feet On these
two shallower sands the Middle States
Imperial group has some thirty-two
wells scattered over a total of 900
acres lying east, west and north of the
Scott farm. Immense value is added
to these holdings by the discovery of
the deeper sand of such producing
value"
New-York tribune., 1921-12-22
Stock Prices
Depressed by
Selling Wave
Oils and Coppers React
on New Pressure After
Strong upturn; Moderate
Rally Is Not Sustained

! Professional spectators yesterday
capitalized the present market tendency
toward dullness and irregularity by
massing selling pressure on the indus
trial shares, particularly the oils and
coppers, which have been at the van of
the upward movement since October.
Tho trend of security prices has been,
with short Interruptions, moderately
upward since the low levels of the wear
were attained in August, and as long a
month ago traders close to the mar
ket place began to express the need of
a reaction.
However, international politics be-
came articulate at Washington and at
London, and the promise Of limitation
OF armament, peace in the Far East
and an adjustment of the European
economic situation loomed so large as
world factors that the market could
not ignore them, despite feeling by
contingent of spectators that the
advance in stocks had gone far enough
to discount all visible improvement in
business. With the international news
unchanged this week and its superficial
effects translated to slight etxent In
market values, traders yesterday per-
eeived an opportunity proftably to
challenge the present level of quota
t1ons for speculative securities.
In the morning losses of 1 to
points in industrial stocks were not in
frequent. Then the downward move
ment was checked temporarily. A
moderate rally ensued, but could not
be sustained. The most marked weak
ness was in the last hour. At the close
the average price of thirty industrial
stocks was TAO, compared with 1880
the previous day, and that of twenty
typical rails was 63.75 year ago, com
pared with e425 the previous day.
With the drift toward lower prices
there was moderate gain in activity
at the Stock Exchange There was an
easier tone in bonds as we'll as stocks.
The foreign exchanges and the com
modify markets were quiet. With noon
to-day the final time for trading in De-
cember, there was increased COVERING
of short contracts. This brought high
er prices, which induced larger offer
ing and reduced the increases in QUO
tatlons. December closed points up
and the more distant months to 10
points lower. Final wheat quotations
were to 29s higher.
New-York tribune., 1921-12-22
American Sugar Financing

Wall Street swarms at times with
idle gossip, but good many times it
has the right line on things A case
in point is the American Sugar Rein
ing Company financing, which has at
last come to pass. For several months
the financial community has insisted
that the company must come into the
market with an issue of bonds in order
to take up its floating debt consisting
of bank loans. This has at times been
depressing influence upon the COM
pany's outstanding stocks. The news
yesterday that an issue of s30.OO0,0o0
iifteen-year 6 per cent general obliga-
ton bonds has been purchased by a
banking syndicate therefore did not oc-
casion much surprise yesterday. The
company has saved money by waiting,
for 1t is now getting much more advan-
tageons terms that would have been
possible earlier in the year. American
Sugar common stock declined 7s yes
terday, although the announcement of
the financing did not come until after
the close of the market.
New-York tribune., 1921-12-22
Bank of Montreaps Showing

The Bank Of Montreal, according to
the annual statement just issued,
shows an increase in its total of i'm
mcdiately available assets from $685.
146,508 to $500, ,896,296 during the last
year, while its liabilities have de-
creased $42,747,650. The ratio Of call
and time loans to the total deposits
banks favor. Whereas a year ago the
total deposits exceeded the call and
time loans by S96,240,135, currently the
total deposits exceed call and time
loans by $107,974,115. The effects of
defation upon general business are re-
fiected in the deposits of the bank not
bearing interest declining from SILL
1925 to S88,618,100. The amount of
savings deposits stands ct $317,935,871,
compared with 1922, 2,578,613 a wear ago.
Total assets of the bank now stand at
$517 403162.
New-York tribune., 1921-12-22

Hale Holden, president Of the Chi
cago, Burlington & Quincy, was quoted
yesterday in Chicago dispatches as say
ing that the company's application to
the Interstate Commerce Commission
to issue $30,000,000 first and refunding
mortgage bonds is part Of the usual
routine of all railroads in securing
capital for additional property. add
tions and betterments," he states
covers the usual program Of enlarge
ments aud other items for increasing
capacity. including completion of the
new Chicago freight house on Canal
Street, and other expenditures adjacent
thereto and incident to the Chieag1o
Union Station program; completion o.
track elevation through Aurora. ~.
and construction of the first IN, oh
large locomotive shops IN Denver
New-York tribune., 1921-12-22
Mexican PetroIeum,s Production

Recent production figures Of the
Mexican Petroleum Company seem to
give the lie to the pessimistic predic
uons OF an early exhaustion of the
Mexican oil wells. The company's out
put IN November, according to figures
made public yesterday was 5,641 1888
barrels, daily average of 1856 900
barrels, and the largest production of
any month: OF the November produc-
aios, . ono oEa meXlean y Petroleum exported
A'9oo,o50 barrels, while 2,6s1 1888 bar
rels were delivered to other comnan;as
by pipe lines at inland Mexican points
None Of the deliveries or exnort =
credited to the company last month
came from storage.
New-York tribune., 1921-12-22
The Next Phase

In the Judgment of many OF the in
vestment experts of the Street one Of
the next phases of the market will
have to do with the refunding OF high
coupon rate issues which were bought
when 1T cost great deal more to bor-
row than 1T does at present In the
case where outstanding issues are
callabie before maturity it will be to
the advantage in many cases for the
borrower to take up the high rate
issues through the sale of bonds bear
ing lower rates.
New-York tribune., 1921-12-22
Texas & Pacific

Officials of the Texas g. Pacific Rail
way have no information regarding
reports OF compromise of the long
standing Missouri Pacific suit which
was decided partially in favor of The
Iexas & Pacific a few months ago.
This suit grew out of the ownership
by the Missouri Pacific of practically
the entire issue of Texas & Pacific
second mortgage income bonds and the
debt of the Texas g. Pacific to the
Missouri Pacific on demand notes. The
missouri Pacific has appealed the suit
ana the appeal is expected to come up
for hearing about the third week Of
January.
New-York tribune., 1921-12-22
Ajax Rubber Meeting Called

=, Ntockholders Of The Ajax Rubber
company are asked to attend spe-
clai meeting on January II, for the
purpose Of authorizing the issuance o.,
9o,oooooo first mortgage fifteen-year 8
per cent bonds, and to ratify change
IN the capitalization from the present
authorized 100000 shares of $50 mar
value to 100000 shares of no par value.
IN | letter outlining the Developments
iGaalng up to the new financing
FORAGE De Lisser, chairman Of the
ooaro' SAID 1t was made necessary to
pay off bank loans maturing on DE-
cember I. Although the new stock i
being offered to shareholders at s1250
a share the present net book value ~
the entire proposed issue of stock !.
placed at over $19 a share, without anv
consideration for good will, trade,
New-York tribune., 1921-12-22
Paris Market Heavy

PARIS, Dec. 21.-Prices were heaYy
on the Bourse to-day. Three per ceh' cent
rentes, Sd francs 65 centimes, EN-
change on London, 81 francs 81 cen.
times. Five per cent losu' oo ran ,
20 centimes. The dollar was quoted a.
12 francs A3 centimes.
New-York tribune., 1921-12-22
The Dollar i'm Foreign Exchange

Changes in foreign exchange rates
were small yesterday in dull, un-
settled trading. Sterling held fairly
steady, sagging fractionally at the
close to S4.2i for cables on London.
French francs dropped back to the
Scent level and Danish crowns sagged
further. Most of the other important
exchanges held steady, including
of cent
New-York tribune., 1921-12-22
In Wall Street
A Christmas Market

Observers who have been forecastinp
o reaction for the last fortnight yes
terday could say II told you So" Per,
haps they had reasoned on the mar
ket's action in past years. The public
has been accustomed to look for rising
prices right up to Christmas, bu. th-
records show that their expectations
have not often been realized. Those
who bought stocks with the intention
of making enough to buy Christmas
presents usually have ended up by
taking a loss. As to yesterdays de-
cline. however, it should be remem.
bered that the market has advanced
steadily for more than two months
with scarcely reaction. One was due
on technical considerations alone.
New-York tribune., 1921-12-22

revenues of sso1,1s7, compared with
Ssa5,649 year ago. Operating expenses
and taxes were s498, ,199, against s44s,-
256. Balance, after charges. including
full interest on cumulative adjustment
income bonds amounting to sf37 .o35
per month, totaled $6G,0lo, compared
NlkA S97.aus IN Noysmbers 1920,
New-York tribune., 1921-12-22
Fire i'm Boston Exchange

BOSTON, Dec. 2t.-The Boston stocS
Exchange was forced to suspend tfaa-
ing thirty minutes this afternoon by .
fire which burned out wires in the pas.
ment. The property damage was 'ri'lsi'
The exchange ticker service was pa'
out Of commission.
New-York tribune., 1921-12-22
London Market Dull

LONDON, Dec. 21.-T- sding was du'I
on the Stock Exchange tc-eay. Bar golo
was quoted at els I'd; money was ioshea
at 2%. per cent. Discount rates werf
Short bills, 3is per cent; three nSsn III
bills, 3as per cent. -, =.
The Stock Exchange here VIII pe
closed December 26 and n and 9ss- s
uary 2. Christmas and New Year holt
days.
Clnsinr stock quotations.:
New-York tribune., 1921-12-22
Car Loadinrs DroD

:, Loading of revenue freight during
she zae o"e week ended December 10 totaled
ta2'926 cars, Or reduction Of 4.52S
from the previous week, according to
reports reports compiled by the car service
division Of the American Railway Az
sociation. The falling off, compared
with the corresponding week of 1920,
was s5,027 cars. Small increases were
reported in the loading Of all commo-
ditles during the week ended December
10 contrasted with the preceding week,
except merchandise and miscellaneous
freight, which includes manufactured
products. Loading of this last named
class of freight totaled 46I,741 cars.
compared with 470,914 the week before.
Compared with the corresponding week
year ago, however, there was - in
crease Of $500 cars. The tot of
loaded but unmoved freight cal on
December was. 12,25s, against / III
on December 2 and 1872 on Noveu. ,er
20 of the latest reported total : 7.233
were held because Of inability of CON
signees to receive them, 1856 were held
xQx Kscons'gnment and only 2al weys
New-York tribune., 1921-12-22

Bank Clearings - Bank clearings at
New York yesterday were: Exchanges.
SS11 100000; balances, s6s 100000.
Silver = London, S51sd; New York.
domestic bar, 95ssc; foreign, CSC;
Mexican dollars, ,5OAc.
New-York tribune., 1921-12-22
Money and Credit

Cali money renewed yesterday at
per cent, dropped back to per cent
and finally closed at 51s per cent. The
renewal rate was the highest for sew
eral weeks.
New-York tribune., 1921-12-22
Rurlington's New Issuc

held up by the inability of the roads
to move them.
New-York tribune., 1921-12-22

Hudson K Manhattan Earnings
The Hudson 6 Manhattan Railroad
AaHlaaa Ss4sx.sd ias Aaysmhax gxass
New-York tribune., 1921-12-22

Dec. 23-Pond Creek Coal a.
Dec 2t-Sea board National Bank
Dec. 23-Worthington p d NJ pf A. 1s'
Dec. 2S-- do pf, B...... ~
New-York tribune., 1921-12-22
Transactions Yesterday in Listed Stocks
Summary of Stock Exchange Dealings

Copyright 1921, New York Tribune Inc.)
EtOcka
The Medina sentinel. [volume] (Medina, Ohio) 1888-1961, 1921-06-09
LET THE BEES WORK

The honey crop promises to be one
of the best for several years and the
business of honey bees is to produce
honey for their keeper, says J.. S.
Hine, Professor of Entomology, the
Ohio State University. However, the
bees will not do their best unless
given the proper care and equip
ment. A good strong colony of bees
should have a second and probably
a third story on the hive by the last
of June. If a queen excluder has
not already been placed on top of
the lower story Of the hive it should
be done at once. Before doing this
the frames having sealed brood
should be moved from the lower story
to the second story and replaced with
empty comb frames. The queen, of
course, must be left in the lower
story. The young bees will emerge
in not more than IL days and then
that portion of the hive above the
queen excluder may be filled with
honey.
The Medina sentinel. [volume] (Medina, Ohio) 1888-1961, 1921-06-09
POULTRY
FLOCKS
TEST EGGS AT LEAST TWICE
Make Inspection on Seventh and Four
teenth Days for Those lnfertiie
or With Dead Germs.

prepared by the United States Depart
ment of Agriculture)
1t Is of little profit for hen to sit
patiently for 21 days If the eggs over
which she tufts her feathers are in
fertile or if the germs in them have
died. Neither does it pay to run an
incubator for three weeks, with its at
tendant care and expense, If the eggs
in 1t are not fertile. .u.
All poultry owners who raise chicks
should be thoroughly familiar with the
method of testing eggs. An egg.
whether it Is fertile or not, has small
grayish spot, known as the germinal
spot, on the surface Of the yolk. A.
soon as a fertile egg is placed under
hen or in an incubator the develop
ment of the germ begins. All eggs
should be tested at least twice during
the incubation period, say poultry spe-
cialists Of the United States Depart
ment Of Agriculture. This is done
preferably on the seventh and four
teenth days. The infertile eggs, and
The Medina sentinel. [volume] (Medina, Ohio) 1888-1961, 1921-06-09

Of breeding, this dairyman told a
dairy extension specialist that when
he formed a bull association he could
choose the bulls from his herd, set a
fair price on them, and he (the breed
cry would cut that price in two.
This breeder has a large and un-
usually high-producing herd Of pure
bred cows, the herd average being
more than $4,000 pounds Of milk a
year. Offers of a similar character
have been made by several other
breeders in different sections Of the
United States, says the department
specialist, all Of which indicates that
the value Of the association plan as
a means Of improving the quality OF
dairy cattle is becoming more general
~ recognized.
When a bull association is formed
one dairy breed, usually the one pre-
dominating in the locality, is selected
for that association, and purebret
bulls of that breed are used to i'm
prove. the herds AS time goes ON
I number Of good purebred and grad'
herds of the same breed are devel
oped When one breeder supplies
number Of bulls to one association
these bulls, generally of similar breed
ing, make it possible to concentrate
; the blood Of certain families among
$50 to 800 cows. Each bull is uset
in each block for two years, Thus thu
four or five bulls are used consecu
lively for eight or ten years, develop
ing in one community large numbel
of dairy cattle of uniform type AMI
breeding.
The Medina sentinel. [volume] (Medina, Ohio) 1888-1961, 1921-06-09
ONLY BEST PuREBREDS SOLD
Some, Breeders Insist That Every Ami
NAL They Buy or Sell Must
n. Pass Standard.

So strongly has the purpose Of the
better-sires campaign, now being con-
Quoted by the United States Depart
ment Of Agriculture. appealed to some
breeders that they are not content
with purebreds only, but every ami
NAL they buy or sell In addition to
being purebred must pass standard
of excellence. The methods OF, one
breeder In, Upshur county, West vir-
ginia, according to a report received
by the department, illustrate this
tendency. This breeder has a fine
herd Of Angus cattle. All calves which
fall below the standard Of excellence
that he has set are not registered, but
are either castrated or sold on the
open market as common cattle.
The Medina sentinel. [volume] (Medina, Ohio) 1888-1961, 1921-06-09
FARM EXPENSES LESS
THIS YEAR THAN LAST

A summary of the accounts of two
groups of SO farmers, one group in
northeastern Ohio and one in north
western Ohio, for the year ending
March l, 1921, shows farming to
have been far from financially profit
able during the past year, says Prof,
}. l. Falconer, Department of Rural
Economics Of the Ohio State Univer-
slty. In northeastern Ohio the cash
receipts for the year exceeded the
cash expenses by $1897. The inven-
tory value of the livestock and feed
on hand, however, decreased by $793.
This left net return of $11O4 as
wage for the operator and interest
on an average investment of $23,-
673. Due to the fact that the dairy
farmer of the northeastern counties
had greater proportion of sales dur
ing the first half of the year when
prices were highest, his net return
for the year exceeded that of the
farmer of the northwestern counties.
In northwestern Ohio the cash re-
ceipts for the year exceeded the cash
expenses by $1676. The inventory
value of the livestock and feed on
hand decreased by 80 per cent. or
$1424. This left an average net re-
turn Of $252 as wages for the opera
tor and for interest on $4,000 in
vestment. Receipts for the wear
were 5l per cent. of that of the pre-
vious year, while expenses were 2
per cent. less.
At the close of the year farm
products were selling at just one-hal1
the price they brought at the begin.
ming OF the year. The present veal
promises better showing, for while
receipts may not be increased, il
seems certain that expenses will b.
considerably reduced. Farm products
are now selling at a point approx
mately Is per cent. above the pre-
war level, while commodities sucl
as the farmer buys are 54 per cent
above the pre-war level. Inventor
les of livestock and crops have beel
reduced to a pre-war basis.
The Medina sentinel. [volume] (Medina, Ohio) 1888-1961, 1921-06-09
HOW MANY PURE-BRED
SIRES in MEDINA CO.?

A contest is to be conducted dur
ing June as means of boosting the
purebred sire campaign in Ohio.
The contestants are to secure the
pledges of breeders to use only pure
bred sires. To the boy or girl Sc
curing the largest number of sigma
lures a cash prize of $100 is offered; !;
purebred animals will be given as
second, third, fourth, and fifth
prizes. A silk banner will be award
ed to the county in which the largest
number Of names lin excess of SOY
is enrolled.
Particulars may be obtained from
County Agent Halderson, at Me-
dina.
The Medina sentinel. [volume] (Medina, Ohio) 1888-1961, 1921-06-09

inere Is mo EXCUSE Tor Hunty rigs
animals, he says, "In the 40 years Of
my farming and breeding and raising.
live stock Of all kinds / do not remem-
Der runt in any class or breed. !
have always been a liberal feeder and
good caretaker. Besides, all stock
had access to good, fresh water at all
times. With this, in addition to good
shelter and ventilation, 1t seems that
my young stock would not stop grow
ing from the time they were born.
Use good Judgment in feeding, and
don't neglect the details"
A farmer in Vermont writes, "A
well-bred animal we'll cared for will
not produce runts. There is absolute
ly no excuse for one in live stock or
poultry. By well-bred live stock ]
mean strong, healthy stock, well taken
care Of for several generations, and
bred for constitution. This has been
my experience from boyhood, first,
with rabbits and game fowls, and Ia
ter with sheep, hogs, horses and cat
tie. An accident to a Well-bred and
healthy animal will, If the accident
occurs before 1t reaches maturity, ,af-
feet it's size but not its productive
capacity. That is, it will not influ.
ence Its ability to produce such young
as it would have had IL no, accident
had occurred. Eliminate all females
that are not good mothers, and you
will soon stamp the whole herd with
constitution. Then with care, which
means attention and feed, your runtt
will fail to materialize."
The Medina sentinel. [volume] (Medina, Ohio) 1888-1961, 1921-06-09
D ~ q
S ! 5gOgGGON
KEEP PURE8RED LIVE STOCK
North Dakota Farmer Eliminates
Runts by Liberal Feeding and
Proper Management.

prepared by the United States Depart
ment Of Agriculture.)
To obtain the most rapid growth
and best development Of live stock
keep good stock, and see that moth
ing checks its growth from the time
it is born This Is the method by
which a North Dakota farmer pre-
vents runts among his animals.
In letter on this subject to the
United States Department Of Agricul-
ture, which has been studying the
causes and prevention Of understood
The Medina sentinel. [volume] (Medina, Ohio) 1888-1961, 1921-06-09
STUDY OF INDIVIDUAL cows
Scale and MIX Record Sheet Give
Feed Requirements and Other
Characte

The first great step with any dairy
man in determining the true measure
Of his individual cows Is taken when
he begins to test or deal with his herd
as individuals. and not just as a
whole. Then he soon learns that he
must own a scale and milk record
sheet, and use his mind and his PEN
Gil to study the Individual cow, her
feed requirements and her other char
acteristics.
The Medina sentinel. [volume] (Medina, Ohio) 1888-1961, 1921-06-09
DAIRY
FACTS
BREEDER HELPS ASSOCIATION
Nebraska Dairyman Offers to Sell
Purebred Sires at Half Price :
to Promote Quality.

prepared by the United States Depart
ment Of Agrculture)
Following the meeting of the Ne
braska State Dairymen's association
at Lincoln, Neb., recently, a prominent
breeder from that state offered to pro-
vide bulls for a bull association at
half their value, according to repre-
sentative Of the dairy division, United
States Department Of Agriculture. Ap-
lpreciating the value of the bull asso-
citation in establishing a certain line
The Medina sentinel. [volume] (Medina, Ohio) 1888-1961, 1921-06-09
FOR BEST WORK WITH CHURN
Important Not to Have Too Much
Cream in at a Time-Handie
All Butter With Ladie.

TO do the best work with the churn,
do not have too much cream in at a
time. a churn that is too full does
not get all the butter out Of the cream.
So you lose, and lose heavily. No
chnrn ought to be more than half
full--less would be better. And then
keep your hands Off the butter. Han
die II with the ladle.
The Medina sentinel. [volume] (Medina, Ohio) 1888-1961, 1921-06-09
GIVE EWES NUTRITIOUS FEED
Animals Entitled to Liberal Treatment
/. 4, While Carrying Young and
Growing Wool.

After the ewes are bred they are
growing their young, growing crop Of
wool, maintaining their own body and
should be fed accordingly. Give the
ewes enough good, nutritious feed to
keep them in a good healthy, thrifty
condition. Where pasture is abund-
ant, they will need no other feed, as
green feed Is the natural and best
feed for sheep. sg