davidaulloa/AmericanStories huggingface dataset:
South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-08-09
TWO SERIOUSLY
WHENCAR
TURNS TURTLE
Rene Van Tieghan Suffers
Broken Back-Wife's Col
lar Bone Fractured.
TAELMAN CAR WRECKED
Three Other Occupants of
Auto Injured When Ma
chine Hits Ditch.

Two south Bend persons were per-
haps fatally hurt and three others
suffered minor injuries when the car
IN which they were riding was fore
ed over an embankment on the range
line, i've miles west OF Upton. Ind,
about 4 O'Clock yesterday afternoon.
IS a result OF the mishap, Mr.. and
A1rs. Rene Van TIeghan. 1922 w
Division ST, are in the s.. VinC~r-
hospital at Indianapolis. where the
former is suffering from a broken
back and his wife from a broken
collar bone Both are believed also
10 have suffered internally, the extent
of their injuries being unknown,
pending x-ray examinations. Arthur
Taelman. 1922 W. Division St, who
operates a soft drink parlOr next
door. his daughter, Celestine, is, and
Martha Van Dazzle. II. daughter Of
jules Van Dazzle. 546 w. Sixth st,
Alishawaka, were other victims Of
the accident. The latter two return
ed home late last night
According 10 the story Of Miss
Taelman, the party left South Bend
a. 10 o'clock Monday morning for
Indianapolis driving the Nash tour
ing car owned by her father, and
were within 40 miles OF their destin-
alton when the accident happened
that caused the machine 10 turn
turtle, pinning the occupants be-
meath il in the ditch, where they
were found several minutes later by
. passing motorist. Taelman was
said TO have been driving at a mOder-
ate rate OF speed when approached
from the rear BY a machine, which
for a time made no effort TO pass
the local car, but which later at
tempted 10 go around 1t, crowdinS
the machine into the ditch at the
right OF the road. The motorist did
not stop 10 offer assistance.
Rushed TO Hospital.
Mr. and Mrs. VanTieghan we're
Immediately removed TO Upton in
an ambulance, where physicians at
tended them. but later in the eve
ming were rushed TO indianapolis,
where they are receiving attention
a the hospital. Mr.. Taelman also
was taken TO Upton. where his
wounds were dressed. Bones in his
right hand were said TO have been
broken. His daughter. who was rid
ing in the front seat with him, suf-
fered painful bruises. Miss Van
Daele also was painfully bruised
about the lower eXLremities.
Mrs Taelman. advised OF the ac-
cident by a News-Times reporter
last night. was caring for the two
young children OF Mr.. and Mrs. Van
Tfeghan. Mary. 9. and Emil, 4. She
told the reporter that her husband
had started 10 Indianapolis 10 at
tend TO business and had taken the
other members Of the party as
guests The youngsters. unaware OF
the fate of their parents, played
happily about the house. anxiously
awaiting the return Of their father
and mother, which they had expect
ed today. Nor do they know that
although the mother will recover
hospital attendants believe the
fathers injuries Will prove fatal.
ON Revenue Mission.
Taelnan. arrested on June %
1920. with Is other saloon keepers
CONTINUED on page twOl
South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-08-09
TWO SERIOUSLY HURT
DURING CHURCH FIGHT

TALLADAGA, Ga, Aug Sim
and Shal Hammons are dead and
Ellis Hammons. a brother. IS IN a
hospital in this city. shot twice
through the abdomen by Ur!ah
Jones during a fight at Rock Noun
tain church In the mountains about
II miles east OF here Sunday. Jones
brought word OF the affair TO this
city Monday, when he rode in on a
horse and surrendered to a deputy
sheriff.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-08-09
Small ReiterateS
Determination to
Resist Officers
Sheriff Mester Confers With
Governor-No Attempt at
Arrest Made.
BY Associated Press

BY Associated Press:
SPRINGFIELD, H.. Aug s.
Sheriff Mister. and Dist. Att. Morti-
mer, late Monday decided that no
attempt would be made Monday
night TO arrest Gov Len Small. fol-
lowing a conference between the
sheriff and the state executive at the
latter's Offices The sheriff did not
take to the governors office the
three warrants charging the COVER
nor with embezzlement OF state
funds while he was state treasurer.
Determination to continue to re-
sist arrest was reiterated by the gov
ernor 10 the sheriff who said his visit
was made to obtain a statement
from the governor as TO his POSITION.
The sheriff said that Gov Small had
threatened to take action against
him and his bondsmen if attempts
were made to serve the warrants.
Il told him" the sheriff said.
that I intended TO serve the war
rants and that If he did not come
TO arrange his bonds that 1 would
have TO bring him in
Issues Statement.
The governor in a statement Is
sued following the sherih's call
said:
my legal advisers have convinc-
ed me that it is my duty under the
constitution and my oath of office
20 decline to submit myself to the
Jurisdiction of the judicial depart
ment during M term; that the pub
lie welfare, as well as the oonstitu-
ton and the Jaw demand that the
man who is governor shall be free
from interference with his personal
liberty while he Is governor.
ITO submit myself to the courts
would mean 10 make the executive
department OF the government sub
ject TO the judicial department,
which would be a direct violation Of
the constitution.
II must therefore, in obedience 10
my oath OF office. decline 10 submit
myself to the jurisdiction OF The
judicial branch Of the state govern
ment during my term as governor"
Declaring that he would use force
, il necessary in arresting the COVER
nor. Sheriff Mester said he believed
that the governor would finally sub
nit without carrying his protest 20
1.-THE point OF actual resistance. He
said he planned 10 make the arrest
| Tuesday.
Arrival Known.
/ Gov. Small returned to Springfield
by automobile Sunday night after an
absence OF several days. Efforts
were made to keep his return a Sc
cret until Monday, but his arrival
became known hours before he went
to his office.
Inspection Of Sheriff Mester's bond
by attorneys for Gov. Small aroused
speculation Monday over the posi-
bility of a new angle in the COVER
nor's fight against arrest. One OF
Mester's bondsmen was John W.
Bum. who died about year ago.
The other two bondsmen are r. NJ.
Sullivan, republican leader OF San
canon county, and z. II. Helmle, a
banker. Friends OF the sheriff said
that any attempt TO raise the qUes-
ton Of a technicality in his bond
would be futile.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-08-09
Factory Workman at $50
Per Sells InUentiOn TO
Steel Corp. for Million

Special TO The News Times:
LAPORTE. Ind. Aug s.-Ac-
cording 10 a statement made public
Monday Walter Bunton of this
city, an employe Of a local fac
tory, has accepted an offer OF
$1,000. 900 from the United states
Steel Corporation for his demon
strated patent for tempering cop
per. In addition. Bunton IS %
receive Il cents per pound roy
atty for a period OF years.
Bunton recently demonstrated
his method OF tempering raw cop
per before Judge Gary and other
officials OF the steel corporation
in the plant at Gary. Bunton has
been making $40 per week as
factory employe. The process per-
fseted by Bunton. according 20 his
agreement with the steel corpora
ton, IS not 20 be divulged.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-08-09
NAY PUNISH "PsEUpo-HERoEs,

WASHINGTON. Aug. S-The navy
department sent to the house Mon
day a bill 10 punish any one selling
war decorations. Pawn shops were
displaying many medals and badges.
Assistant Sec'y Roosevelt said. which
could be readily acquired ty any
body, lessening their sentimental
value
South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-08-09
INVESTIGATION OF
Staying LEADS TO
HOLDING OF WOMAN
Mrs. Obenchain and Burch
Replaced in Jail Without
Formal Charges.
BY Associated Press

By Associated Press:
Los ANGELES, Calf. Aug. s.
Investigation Monday by the police
OF the mystery surrounding the STAY
ing Friday night in a lonely suburb
of J. Bolton Kennedy led them to
replace in Jail Monday night Mrs.
Madalynne Obenchain, who was
with Kennedy when he was shot,
and Arthur c. Burch OF Evanston,
Ill, former school mate OF Mrs. OBJ
enchain and of her divorced hus-
band at Northwestern university
No formal charges have been placed
against either prisoner.
Burch was returned to Los An
geles Monday from Las Vegas, New,
where he was arrested Saturday
night while on his way home from
the coast From admissions he made
Monday the police said, they were
able TO learn that an automobile had
been rented the night Kennedy was
slain and that the man who obtained
the car. while giving the name a.
W. Jones, gave his address as that
Of the home Of the only relatives
Burch has in Los Angeles. This car
was driven Monday to the scene of
Kennedy's death and the police
averred that the peculiar marking of
the tires was similar TO that Of the
machine used by the slayer of Ken
nedy.
Identifies Woman.
The keeper of the hotel in which
Burch rented room across the
street from Kennedy's Office Monday
identified Mrs. Obenchain as the "fe-
male cousin" who had visited Burch
at the hotel room. Burch had ad-
mitted, Deputy Sheriff Joseph Nolan
said. that he came 10 Los Angeles
from his home in Evanston on a
telegraphic request from Mrs. Oben-
chain; that he rented a room oppo-
site the Office of Kennedy. and that
Mrs. Obenchain, disguised with a
Continued on page tWo)
South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-08-09
THE WEATHER

Indiana: Fair Tuesday and "Wednesday.
warmer Tuesday.
Lower Michigan: Fair and warmer Tues
day. Wednesday partly cloudy.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-08-09
Identifies Woman.

CONTINUED on page two)
South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-08-09

Continued on Page ~
South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-08-09

Continued on page twO)
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-09-20
PASTORS OF FOUR STATES
UNITED IN Their PRAISE

a limos, ali in. After taking one bottle
."f Ner"-WCrth. felt change. and
after taking the second bottle. I can
Cheerfully say feel fine. As 70 my
appetite. am almost ashamed TO tell.
bat In fact I can eat anything and every
thing. ! am no longer bothered with
nut'cr;nG ~ the heart. Am thankful
for Ner,Worlh for the benefits have
received from it,
Row. John T. Hickman, Salem ". Va
Il take pleasure in saying that as
general tonic. NervWorth IL tho best
I have ever used. -ow sleep moro
soundly. my apre'ite Is better. and my
stomach Is IN better condition than for
should fail 10 give Nerv-Worth IN hon
est trial"
Rev. Mr.. Jenkins, Cumber1And, Nd
II have used Nrrv-Worth in my fam
ilv with the result that am willing TO
r!ya this testimonial. believing II VIZ
help the suffering wherever II In possible
'"- Merry Worth 10 reach the case" said
Rev. Jenkins. IT am doing this for the
good Of others. and In giving this testi-
mnnia, to tho effectiveness Of Serv-
Worth. have not heen Influenced BY
an argument for Nerv-Worth doing
WHAT X claims. | am. IN truth. AS tdf
a. can discern. speaking Of tho proper
ties OF Nerv-Worth.'
Ecrv-Worth does not contain any Arti-
fic!al stimulation to deceive tho user. II
acts in q sensible way through real me-
dic!ral value to give the desired results.
Nothing could be more convincing than
! the letters from the ministers above. II
YOU suffer try Wentworth. Give II
trial. and YOU will fad that II will give
you results II Is sold by G. n. Griest
& GO. and all leading druggists every
where. Buv one bottle. use II accord
ing 10 directions. and II you do not feel
that |: Is helping you. 10 not buy q
scrond bottle. but ask for your money
! hack Serv-Worth is now 800 per
bottle
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-09-20
DALLAS

On Friday """,uTE S'0t"'"N"r c4ih,
M- Nun,cr ~! lg,,ir "AhiH. n'"ftnt
,,Irrur-s IN the DALLAS Presbyterian
'hYrCh The pictures VIII b. OF ~"
SAM. excellent quality and will enter
,alu ~ Wrl! as Instruct. In a4aiti"'' 10
he pictures a recognized authority ~
rlA .ubl"ct Of poultry raising ~.
su,A You cannot afford I" mis- ~
Ir.;"," n: tho meeting for II - prei"' .
airr> 10 poultry dcm"nslrat"n+ mat
~ill he held In tho near future IN 7nr
Y"i .hhorhccd. The hour "a haIf past
,cy,r. No charge for admission.
Tho quarterly "onf"rcuc" Of me N r.;
church which was - h"i" h"cn h"'
Srp;"rlhcr 4th a, MaJor$y!ll" 6if II I
mr"t. ~ ;h- dlstrtC; HHi"r!h'' men
could not no present so the conference
has been set for next SATURDAY ~ MI
iors>i.lr The secretaries "t mo
Churches on the DALLAS rhArE" VIII ne
very glad # cveryOr" Will S''i." thelr
accounts this week 80 th"E can square
UP their books before Saturday.
Mr.. ard Mrs. Kelly Gay. Mr. "hG Mrs
Mac Rhrades. Mr.. AZ! Airs. +. ,
Rhoade and Mrs J. {. Rh"adcs attend
ed the rurcra! uC Mrs. Theirs or near
West Liberty Monday afternoon.
Mr.. and Mr". J. W. Mo- 'onne!l Mrs
WIZ Mcconnell and Mr.. 'lrm Nice on
nell left Saturday for ZAu"sri'!e 70 at
terd :hcMcThnn"ll reunion.
Few Frederick $ Williams spent
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-09-20
SHERRARD

Al al doy MEM, will re- hAld ny ~"
!''.r. ~ HI. Sunday srhU", on 80
3D. .".h .a,., ..">r Saturday. hn*H"t
,..:.;s. -. ~ serI -! ~ noon ana -"
rs"r?"'" st" hr sr"n; a. saneF en-
contests oC various Lir!s. Every ono -
lns.tHd
Supper Postponed.
The cltrNen S'!p,rr which vas I" NaNe
h""r C,rn IS The NJ h'INri iHrNrS
A!a Society ON September 70. has been
iuf"t!H.'sN postponed on account az
musical play t. he gwen In NJ. 'Hirct
hav IN he evening u tho %n.h by the
junior choir ~ tho Wheeling christian
rhur,h. or v Mich Miss rorrer IS the d.
rector. tn" PLAY vas arranged and i
directed 10y Mig. Alma wilson Srhat"r
90: Wt"r-1G. assisted 10y her students
..,d the Sunday school orchestra. he
,cr.u- w,.. he under the auspices Of the
ladies Ala Society Nf NJ. OlNci
Shsr-erd Briefs.
NJ and NJ" George klmr,c. NJ Cht-
raEo. arr Visiting Mr.. Kimp!e's mother.
Mrs Martha Gcsnry.
NJ. and Mrs Earl Leonard and dau:n.
toy. Mary l;.'!n. a"I Tr. AMI Mrs. has
Smith. au ~ Warwcod. and J " 'i''-
IN. 90 Mounhsvil!c SIeat Sunday a ~
vv,re 80 Z. Morts omcry. ~ Mt. O'''";.
Mr.. James Taih"rt has returned ="
~" huu" h-r~ from the ohio NA.i"Y
G"uc'Li hospital. Wheeling.
Mi,~"S bora and Reka R"hrcrs WIN
entertain Ia" Allen Grove Sewing t".rje
At their aum. On Thursday aft.ruoon.
NJ and Mrs. Frank lIc1'car. ~ Roth
,rarnl have como 20 MorEaN;own. where
Mr.. Nrdigar vii! enter the Wos; VIZ
Einia University.
Mis-. Hannah Rieck Will he hostess -
~" r. n. l.. club =; hcr home a NJ.
Oliver ON Thursday evening.
Mrs th"strr Dean and daughter Min
Mo. ~ Wheeling. ara visiting Mrs. r. =.
N.,E"s.
Tho Mt nl:vet ladies Aid Sni"e;v
Wi meet IN the hall on Wednesday az
'crnoOn.
Mozart. visited Mr.. and Mrs. s. L. Fisher
on Sunday.
Mrs. Ma-~ Wolfe. Of Ca'dw"ll's Run.
Is visiting al thn Charles Bchr"ns homo.
Mss tlt-r caldwell cd friends N
ELM Grnr" SUNDAY
NJ and Mrs ROBERT Frazier. ot Shot
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-09-20
-Four Ministers. Though from Different
Parts OF tho Country, Have tho samo
Attitude With Regard to Nerv-
Worth. They Write Lettera
Recon:n ending 1t. and Thede
Letters OTor IndIsputab!e
Evidence

Eerv-" hrth gives real results ana IL
IRA! mrdto!"'. II does no: 40; mere
Stinulant. nor depends upon a!coh"ht
stimulation :" produce results The min
listers whose letters ~" reproduced he.ow
hav" t"s'"d Ner'-N"r'H. and found that
II is really preparation OF hEheN'
merit. an! hcrau%e they KNOW 'Aa' "
gives results. and tas r"a. mcd!'hiEi.
value, ih"l recommend II I" others.
Nothing could \" more con';r"i"G than
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-09-20
RINGWORMS ON .
FACE AND NECK
For TwoYears. Itched and
Burned. Face Disfgured.
CutiCura Healed.

my face and neck became rough
and full of pirnples. After q couple
Of weeks the pimples turned to ring
worms and my face was covered.
They itehed and burned 90 that |
could hardly do my work. and my
face was badly disfgured.
The trouble lasted aboua Two
years. I saw Cuticura Soap and
Ointment advertised and sent for =
free sample which helped NE. Pur-
chased more and AFTER using two
cakes Of Soap. together with the o!ns-
ment, I was healed" 'Signed) Misc
Caroline horphis, carboro, No. Car.
Make Cuticura Soap. Ointment and
Tslcum your daily toilet preparations
and watch your skin improve.
SAMPLE xHsA frss b. Msl Adirs.s. ''osAs9rS Lab
eratcriss. Ds,t 4. hSIAva - hAas' Sod svsT-
where Soups Oratpent 3 ano 10. TAssn Ne.
Cu,ierrs SOAP sbavcs -i,he1t mag.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-09-20
FALLS ON IRON Pipe;
HAS FRACTURED SKULL
Ptrsy Fork, O., Boy SuRerS Painful
Injury--Ia Martins Ferry
Hospital

w" :ia,'re r"Hr us home In P:nAv
f""S ~ Jefferson c'u|'N. UNrthwAS' IF
Martins Fer. - as evening shortly
N'."-" "'r'n't. N-GCN Ncr"rcse. ar"d
10 years. stumbled over y T,r,c 81 Iron
I!n". HIS head struck ~" Pipe a0i
"A, -r~H"rct unconscious.
Til" al VAS rushed g. Martins Ferry
h.'~?!tAl uh"-e :: was stated a mil.
7!gh'. :" w1s In serious condition.
having sustained fractured skull.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-09-20

Or O-E-T-l'-\ .T-T-Y
NTELLIC ESCFR WANT ADS
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-09-20

r,.-I o-,,ri.cd u.,r .lc .fo. rIor "t
Mr. ,ale.,, !. ,h:.!r.,,- .rs1, ,.,.it.u,.
va, ti,.n ,im un.ior I've AN. r.. hcinE
40 .ror, ,c-m m,,o..: lis 'err MI
eAvIre .No frs: N,n.lay 'u i.,."
'a,~ Tl.nr~aftrr. al .nf.,,n!ssl e.. ....
lo- .hn iHw MI, 10 ri",.'... t'r 'r.,"
, c7r -nrr,e
~ p-o.. o
Wis N'f' '' y,
- N.he 'i"
., '''''.',9
"'"" ""''' !" u
-
.. ,r,,'. +'' '... 49,, ~,
,o,,-n' a,.. Ao.,,,.,, g., ,.
49,. 49,
49,. 49,. ,rs-,,, ,o,i,,r ., ,I.rr.
-, .,,, '" b. .',,
...
.'." ''.'S' " "'.'' - '',N' re-
,,,
N''' ",-- .
....a., Va r,,., .,, ,,.r.o.
..,..,
-,,,
'""H "'
~. ,.n,,,,,. .,,>... ho-
'''h''S VIM" ''"','"t ~,
"''Sh"E" last ""'N' "'' IT, ''S" /" "''
N'i""SheSs 'N''' Hu""A\ i''' ''"', '''',
wac SU'h '"'aS 'hs' h.P' -
:'r her recovery. y" tl:'''' ",'-" n' .
'' '''' "
'''' at Now NnMHcT lAnI,
Train h1uh' away
'''"h''''Ne ara ''"' '"","
ar" ran away on an III Inc IL 'H' we
rr'f 80 800
N"Nn" '"""Nn'" Yesterday an" ave
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-09-20

Morrla, and Tuesday in New Cumher-
liant attending 'he tall meeting IF the
h"",'nr pr'shyt"ry.
Nj. ,lnd Mrs Louis RhoadcS. Mrs
Eva R"nad"s and Miss Mildred GU
~io.:r' !ri.iay and Satmrday with Mr.. arh
Mr. ~ l"Ukins ot RIrnS'l'lr. Pa.
- e -" scinn'S n sand fi'.l DIS
'~i'' "r"rrd Monday morning.
NaNr" $tr''N''n ard William KIM
nv. -" "''cn"r,: n" Wheeling h'ch
:. H..nl
Ms 'n," crawford and son Wits
of Whe""nE I"'ard spNn: tas w"sk mi
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-09-20

with her parents. Mr.. and Mrs. Ed Kir
Minis.
MIR. and Mrs Frank Kimmine motors
TO Arnettsville. W. Va. last Frida
where they will spend two weeks Wit
Mrs KImmins' father. Rev. D. F. Carde1
Mr.. and Mrs. Charley Stricklin an
Mrs Laura Buchanan and son reg
spent Sunday with Mrs. Ella Grow u
MrMerhcn.
day September c9th. near MajorsvillA,
uf the personal property and real esuts
IF the late Mrs. Eliza beth Archer.
New-York tribune., 1921-09-25
Brokerage &c Charge
On Odd Lois Ct.a
lSy Leading FIRMS
i'7d''c'ion From u TO IS %
Away From Market Made
on Selected Lisi OF Stock
III Deiiation Movement

Leading stock Exchange firms which
make a specialty Of transactions on ,bo
exchange in less 5han loo-share blocks
announced Yesterday that the extra
charge of oAe-lourth of per cent.
watch had been in force. has been cut
to ohe-eighth of pcr cent on d select
ed list of ffty-thrce issues.
\ mea'ber OF. the odd.lo, arm of Dc
Coppet & Doremus, which has takon
o"e lead IN the moVcmon, toward de-
'Sl.on o. broNerage costs to customers.
eNPiained THAT the reductions were de-
c'Ued upon n an effort 10 get back 10
moro normal conditions. Much crjti-
SlSM mas been directed Mt the EXCHANGE
~ inc trading public FOR the arbitrary
TRN IN Whlch tne charge FOR nurchas-
ms ODD lots had been raised for rb j.
m&}oIitY OF native industrial stocks. NJ
addltion t9 Increased commissions r.
ne 'oDpet d Dorcmus annou,coa
fosterdAy that beginning with Nc ndav
'nFy WI trade in the following .-octs
"''g-s'arnlh '''I, away from sales or On bid
Adams Express.
Niiied Chemical and Dye cfmmop
preferred ""'"n ana
tmcrican Bosch Magncth
Alner.cah Brake shoe and Foundry
American sumatra r xacco common
..mef can Telegraph and Gable.
nalhe1t l'eat yer &c hmon
Brown Shoe comm, ~
preferrcd '''''''o" ana
Canada SouiAc' :,
..rrrHi,. Trod I ,.,.l,...
New-York tribune., 1921-09-25
Stocl. Prices
Irregular i'm
Quiet TRADING 2 9:
Business Light as Attend
ancc DIV; dies: Rail
Shares Continue Upward:
Steel Again Is Over 80

Yesterdays market at tho Stock Ex-
change presented ar irregular move
mcnt of prices in a quiet trading scs-
sion, in which many points of strength
and weakness were uncovered In most
respects it was a normal Saturday
market, with attendance reduced. bust
ness light and the bulk Of the tlansac-
tons originating with tho professional
operators whose main efforts were di-
icctcd toward evening up their com
mitmcnts for the week end Less tHan
100000 shares Of stock changed hands
Railroad shares, as a rulc, continued
K exhibit advancing tendencies. al
though the unscttcmcnt in other PARTS
OF toe list was a restraining influence
and checked the early upturn in the
rails The feeling around the Street
is distinctly favorable to the railway
shares for the long future The ready
market the bankers arc finding for
railway equipment trust certificates on
the lowest yield basis in years has
proved beneficial to all railroad sccuri-
tics. The other constructive influences
en- the rails arc the steady improve
ment in railroad earnings and the pros
pect of carly legislative relief from
Congress-
Among the industrial shares yestcr-
Gay Royal Dutch stood out as point
o, special weakness. This is one Of the
leading international oil shares, and ii
has been under pressure on reports
that the company is planning to aban-
non some of its Far Eastern properties
because of excessive taxation. The de-
ciine OF rs points net in Royal Dutch
yesterday induced selling of some Of
the other oils, notably Mexican Pc
troleum. Among the strong spots in
the industrial list were Allied Chani-
cal, Columbia Gas and Electric and Re
public Motor. Steel common crossed
80 IN the first hour, but fell back sub
seouontly. to close at a small frac-
tiona loss
The weekly statement of the New
YORK Clearing House banks last week
showed excess reserves of S32.65S.93O
compared with s54.625 ,24O the previous
week. Loans and discounts expanded
approximately s5,000,000, while net de-
mand deposits dropped in the neigh
borhood Of $4,000, 900.
The foreign exchanges were generally
higher as the week closed. sterling
advanced IL cents to S3.73 for sight
drafts. Francs were firm An excep-
ton to the general tendency were
marks, which declined to 92-lO0 of a
cent on cables.
New-York tribune., 1921-09-25
The Rail Advance

Last weeks advance in the rails
brought them within fraction Of their
AuguSt's high, which were also the
highs Of last May. Last February the
average price of twenty representative
rails drifted downward into ten
point trading area, the high and low
boundaries being 70 and 60. During
March and April they fuctuated within
narrow range around the 70 level In
May they touched Is, and through June
reacted the entire ten points to 65.
Rotraeing their steps, they again
touched Is in August, only to react
halfway TO 70. Since then the trend
has been upward, with each minor re-
action stopping somewhat above the
previous lows J. s. Bache & CO. in a
iorecas SAY that the improved railroad
situation is building up background
tor an extended advance based on C)
More efficient and less costly operation:
- resultant increased net earnings:
f3l soliditication Of financial structures
hefetafore suspected Of weakness: l4)
re-eatablishment OF confidence regard
ng dividend permanency. and 81
speculative possibilities surrounding
both logical and fanciful consultations