davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-12-17
FINANCIAL NEWS
AND COMMENT
Many Stocks Move Easily to
Years New Highs-Foreign
Exchange Steady.

Traders found no difficulty yesterday
in carrying numerous petroleum. rail-
road equipment and automobile shares
forward some to new high points for
the year. But the broad general buying
of Thursday was lacking In fact, il was
evident. after firm start. that specu-
lators who had acquired paper profits in
the advance of particular issues during
earlier days of the week were inclined to
turn them into cash, a process which
impaired a highly irregular trend to
prices in the afternoon. The market
session was largely professional affair.
The only way that business was different
from its character in the ten days ended
on Wednesday was rather sudden in
terest in several better placed railroad
shares, headed by Delaware, Lacka-
wanna and Western. The outstanding
feature of the day was the enlarged
buying OF motor accessory company
stocks. the interest in those long. slug
gish issues representing new phase of
sentiment surrounding next years
merger possibilities
No market contained events of un-
usual worth. and in consequence descrip-
tion is lacking in colorful details which
marked the squirt of foreign exchanges
and Mondays striking change Of cotton
statistics. Sterling went lower at first
followed by some other European rates
movement which presumably had a
sentimental connection with details Of
Germany's plans in respect to repara-
tions payments. The moderate reaction
Oh French rates. however, hardly bespoke
great alarm over the reparations outlook
and the market was inclined to wait
without excitement for additional news
of steps which virtually would put the
German hscal management in the hands
OF allied receivers. 1t is doubtful If such
an event actually will occur although
dispatches from Paris indicated consid-
cradle resentment among the French
over the grounds of Germany's declna-
tlon TO meet the January Is. payment.
All exchanges were steady in the after
noon, Dutch Swiss and Scandinavian
rates rising above Thursdays final quo
tations.
In stocks and bonds dealings were
less active than they were on Thursday.
although on a large scale In contrast
with business during the summer. A
reaction of Liberty bonds aroused the
supposition that Government buying
had slackened off. but the movement
elsewhere was net of character to
show any changes in market sentiment.
The price received by the city of New
York for its s55.00O,000 offering on
Thursday strengthened the position of
the entire bond market. at least senti-
mentally. because Of it's indication of
the continuing trend of money costs
toward lower levels. Call money went
down to per cent. in contrast to 6
per cent. on Thursday and reached So
per cent. only for moderate sized loans
in the afternoon.
The judgment of traders who sold
cotton futures short after the last Gov
ernment crop report was released was
proved even more faulty than it was
during the recovery of Wednesday and
Thursday. Gains of to so points car
ried one or two options 1ull cent above
prices quoted on Monday morning before
the report appeared. Wheat prices
were slightly lower.
The New York herald., 1921-12-17
Two Dividends Resumed.

Two more companies resumed yester-
day payments of dividends. The first
was the Mexican Telegraph Company,
which declared dividend of 21a per
cent, payable on January II to its stock
of record on December 81. Dividends
were discontinued by the company on
July IL, 1920. The Northern States
Power Company declared dividend or
per cent on its common stock, pay
able February 1 to its stock of record
on December 81. the first disbursement
on that issue since March, 1918. The
regular quarterly dividend of IN per
cent. on its preferred stock was de-
clared, payable on January 20 to its
stock of record on December 81.
The New York herald., 1921-12-17
TOPICS OF WALL STREET.
Lima locomotive Advances.

An outstanding feature of yesterdays
market was the sharp advance in Lima
Locomotive shares, which got up to lO2
on rather excited buying. The element
oil mystery which has been part and par
eel of that stock ever since it was listed
on the big board had a big share in the
initial advance. but publication of Il re-
port that the Pullman Haskell & Barker
interests were seeking an option on big
tiocks of Lima stock gave an added in
centive TO the buying and accelerated the
eGvance. Officials of the company were
quoted as denying that any consolidation
with the Western car manufacturing in
terests was under consid6 ration. That
denial however did not affect the
original story, which mentioned only an
effort of the Westerners to get an option
on Lima stock
The New York herald., 1921-12-17
TO INSTILL THRIFT IN PUPILS
Il. 4. Dclaaeld Urges Visits Z,
Banks by School Children.

A plan to promote thrift through the
schools and to educate children on the
savings bank idea was proposed yester-
day by Edward G. Delafeld, president
of the Bank of America and director of
the Empire City Savings Bank before
the New York Savings Bank Associa-
tion.
Group visits OF school children to saw
ings banks during banking hours. made
clear by simple explanations OF how the
banks work. are feature of this plan.
Children would be encouraged actually to
start accounts so that their schoolmates
would see how simple and interesting
thrift Is In practice.
The New York herald., 1921-12-17
"MoDERN MILLER'sv OUTLOOK.

Special Despatch TO THE New Yonx HsRALp,
CHICAGO. Dec. 1s.--According to the
Modern Miller. "In sections of the
Southwest where moisture was recently
received. winter wheat shows some I'm
provement In color. more marked |
Kansas than In Oklahoma. The crop
not likely TO recover entirely from th \
effects of prolonged drought. Generall
favorable conditions continue In Illinois
Indiana. Ohio and Missouri. In this tor
ritory wheat has grown nicely and has
fine color. large percentage OF the crop
has been marketed and farm supplies
are generally moderate"
The New York herald., 1921-12-17
Conner Metal Holds Firm.

The price of copper metal remains
very firm around 1875 cents pound for
December delivery, with certain pro-
ducers holding out for and getting IA
cents. The demand. although not par
ticularly heavy, is characterized by ex-
perts in the trade as good and the sur
nIus available for domestic delivery Is
gradually being whitfield down. II
amounts to about 300. 100000 pounds. 1t
is reported in reliable circles that great
many producing mines. which were
closed down last spring because OF the
tremendous slump in the demand for
copper, are planning to resume opera
tions on April 1.
The New York herald., 1921-12-17

out OF income, payable on December 81
to stock of record on December 21
In 1912 the interests of the Knicker-
booker Trust Company were merged
with those oc the Columbia Trust Com
pany and beneficial certificates were Is
sued to stockholders of the former. one
certificate to share OF stock The
stock had book value of about $50. TO
date there has been $50 paid on the
principal of the certificates and interest
has been paid regularly from the earn
ings of the trust.
The New York herald., 1921-12-17
Loew Boston Dividend Passed.

The Loew Boston Theatres Company
passed yesterday the dividend on its
common stock Three months ago 25
cents a share was paid and prior to that
time the quarterly disbursement was SO
cents share. The company. it was said
yesterday. was not connected with
Loew's, Inc, the stock of which is listed
or the New York Stock Exchange and the
dividend on which was passed consid-
cradle time ago.
The New York herald., 1921-12-17
SO A SHARE AUTHORIZED.
Payment on Coiumbia-k nickcr.
booker Certificates Directed.

The directors of the Columbia Trust
Company authorized yesterday the trus-
tees of the Columbia -Knickerbocker
Trust Companys beneficial certificates
to make a payment of 81 share on ac-
count of principal payable on January
10 10 stock OF record on December u
and also a payment OF so cents a share
The New York herald., 1921-12-17
Gail Money Maximum 1-2 r. G.

Call money renewed at per cent.
yesterday and advanced to maximum
OF 5I, per cent, in contrast to a maxi
mum of per cent. on Thursday. The
outside rates were the same as those in
the New York Stock Exchange. Time
money quotations were nominal.
The New York herald., 1921-12-17
Pacific OIL.

A severe pinching of certain big in
terests understood to be heavily short of
Pacific Oil was put forth yesterday as
the reason for It's remarkable demonstra-
ton. It's price went fractionally above
so and something like 10000 or 10000
shares changed hands at the so mark.
The New York herald., 1921-12-17
Gold Imports.

Kuhn, Loeb & Co. announced yester-
day that the Adriatic. sailing to-day,
would bring. s2,560.000 in gold from
England, making the total imported by
that firm this year 1854. 100000. The
total Of Kuhn. Loeb & Co.'S imports in
1920 was approximately $S3,000,000.
Thus this year they are nearly double
the firms previous years imports.
The New York herald., 1921-12-17
dividend on Mexican Eagle.

The directors of the Mexican Eagle
Oil Company have declared final divi-
dend of 10 per cent, or 95 cents, on its
capital stock. according to information
received yesterday by Joseph Walker &
SONS 1t makes the companys total
dividends ordered for this year 30 per
cent. or s1.50 share. Approximately
5000, 900 pounds was set aside by the
company for reserves.
The New York herald., 1921-12-17
New Haven Trolley Loss.

The New Haven Railroad sustained n
loss of $31 1924 eco as a result of the sale
in 1920 of it's Rhode Island trolley lines,
according to the annual report OF the
Public Utilities Commission Of Con-
necticut.
The New York herald., 1921-12-17
MINNESOTA BANK CLOSED.

ROCHESTER, Mimi, Dec le.-Thc
Douglass state Bank Of Douglass. near
here. was closed to-day. The reason
assigned was inability TO collect on
loans
The New York herald., 1921-12-17
MONEY MARKET.

FRIDAY. DECEMBER 1s.
Renewals. s.......... Last ............. 81
liigh.............. 5hlYear's high 80. D
Low................ Years low....... 81
TIME JOANs.
Mixed collateral, g TO 90 days....... !
Mixed collateral, 4 20 months .....
lndus,rials 80 TO 30 days.
lndustrials, 4 to months. s................
COMMERCIAL PAPER.
Fest names, 4 20 months. hs...........5
Other names, to months. ......... 595n
DISCOUNT RATES. RESERVE BANK.
Commercial paper, as days, Az; so to m
10 days. AZ i6 10 90 days, ~; banker,'
acceptances, Is TO 90 days, az
.FiNed November .. Previous rate K
fixed September IL
OPEN MARKET RATES.
Call loans on acccptanccs. cs.......... sueL
Discount rates on prime bankers' accent
nnces eligible for purchase by Federal Re
serve Banks.
Bid Ask. pid.Ask.
so days.. az 81 10 days.. ~ az
sQ days.. IA az 100 days.. az al
CLEARING HOUSE STATEMENT.
Clearing House exchange, spla 500 OOo
balances, sii3 oOO. 600; Federal Reserve credit
balances. sg2.s00.o00
SILVER MARKET.
official bar silver In New York, domestic
p3ssc., unchanged: foreign, 6Jssc., up &c :
London, 31ssd., up Nd. Mexican dollars.
The range OF silver prices this year:
Highest. Lowest.
Eew York;. 7iNc. Sept. ~ 5sc. Mar. 5
The New York herald., 1921-12-17

Exports from New York yesterday: Wheat
25i .4s2 bu.: flour. s,6s4 sacks. bacons, l. -
T1p.t00 lbs: lard 2,Oi0,1G5 lbs; grease,
32 .0n1 lha. lubricatlng oil. 3o6, $50 gals; ai-
cohol a. bbis.
The New York herald., 1921-12-17
FAR EAST.
sou TIL AMERICA.
CANADA.
rxronrs FnnM NEw YnnK

New York funds In Montreal. S7s.7a, pre-.
mium $1,000; Montreal funds In New York
ST3 discount 81 600
The New York herald., 1921-12-17
NEW YORK STOCK EXCHANGE QUOTATIONS

Ing ing. est est. est. ing. ich'nse
The New York herald., 1921-12-17

tex rights 4In Part stock In stock Part
price outside
The New York herald., 1921-12-17
FRIDAY. DECEMBER 16, 1921

----I0.l .--0l r-Closing.@ lDv.i
Highl Low. Hid. Ask. lin s. Sales.
The New York herald., 1921-12-17

FRIDAY. DECEMBER 10
The New York herald., 1921-12-17

DAVIS sales
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-09-13
REDUCE RATES
ON LIVESTOCK
Cut in Freight of From l to %
Cents Aids Western
RancherS.

WASHINGTON, Sept. 13.-One Of the
biggest single steps for the relief of
Western live stock raisers was taken to-
dag by the Interstate Commerce Commits
sion in authorizing reduced rates on
live stock products from territory west
Of the Mississippi River to Chicago.
The new rates, which range from l
cent to % cents a hundred pounds, be
come effective Tuesday, Sept. 20.
The new rates are expected also to
have a helpful effect on the cost of liv-
ing because Of the price reductions teat
will be possible In the manufactured
products as the results Of cuts In the
prices of raw materials.
Under the new rates. practically all
rates for points west Of the Missouri
River to Chicago and from all points
west of the Rocky Mountains to the
Missouri River will lie reduced Similar
reductions in all other rates now higher
than so cents a hundred pounds are to
be made. In many cases the entire in
crease authorized by the commission in
August, 1920, viii be eliminated by the
new rates.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-09-13
1t Still Pays
to Take Case
Up on Appeal
Collins AcquitS Several Found
Guilty in City
Court.

Several defendants. who we're sentenced
to iaiI by Judge Walter Pritchard but
who appealed to Judge James A. Collins
of Criminal Court, found their course
advantageous today.
Although Gruya Illch was sentenced
to ten days in jail and fined $40 and
costs in the city court on a charge of
associating, he was found not guilty by
Judge Collins. The records show he ap-
pealed his case March y, 1921.
George Pete received the same sentence
in the city court ON n similar charge and
was found not guilty in the Criminal
Court on appeal. His case was docketed
in Criminal Court April 6, last
Sterling Pahran. charged with keeping
n gaming house and who was fined SIC
ana costs and sentenced to ten days In
jail by the city court was found not
guilty and discharged in the Criminal
Court.
Bessie Davis. who appealed from a
Judgment in the city court on n charge
of prostitution, was fined 50 and costs
in Criminal Court.
Paul Razer, charged with passing a
street car with his automobile while pas
sengers were alighiing, was fined $50 and
costs.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-09-13
Best Element
In Film Colony
Against Booze
Public Asked Not to CriticiSe
Profession Because of
Black Sheep

Los ANGELES, Cal. Sept. 13.-War
was declared today on "a small but noisy
minority Of the motion picture colony
which drives high speed motor cars
to high speed drinking places" and sup
plies material for gossip and scandal
rejecting on the great army Of well be
haved honest, sincere, generous, kindly
people"
Ben. B. Hampton, former magazine
publisher. now producing motion picture
plays, was the spokesman for the. reform
element in the movie industry.
Hampton, confined to his bed, penned
statement on the ArbuckIe case
at is inevitable that the picture pre-
fession should suffer temporarily for
criticism aroused by this horrible affair, -
Hampton declared. Many people In
their hot resentment of conditions tha'
make tragedy possible may be prone to
carelessly criticise the entire industry.
such an attitude would be unfair
and unjust to the extreme.
The Los Angeles motion picture col
ony has suffered for years because of
small minority Of black sheep"
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-09-13

quarrels and fussing. She would notice
that her unmarried girl friends were
dressing better than she was dressing.
In accepting invitations Of her girl
friends, she naturally met their men
friends The result was the divorce
courts"
Judge Thornton looks upon MANY early
marriages as a serious \mistake." The
observations of Judge Thornton show
that the young man Of today can not sun
port wife by an early marriage as was
done thirty to fifty years ago when the
young bride, as we'll as the husband
worked toward the common purpose Of
establishing a home.
WHETHER LOVE OR
PASSING FANCY.
TN nine out OF ten early marriages
which end in the divorce court, the girl
was married before she was twenty and
she was unable to actually determine
whether she was in love or whether IL
was a passing fancy" Judge Thornton
observes. "'rhe trouble with early mar
riages so often is that the man and the
woman are not strong enough In their
love for each other to stand the rough
actualities of married life. Early mar.
riages In some cases are prompted only
by a passing fancy which IS not love"
Judge Thornton's advice to young men
is to have a bank account before at
tempting to support a wife 1t has been
observed In the county clerks office that
the prospective husband has borrowed
money from his future wife with which
to pay for the license. That is an ex-
ception to the rule. but 1t has happened
CONTINUED on Page Two.)
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-09-13
II TRUE BILLS
ARE RETURNED
BY GRAND JURY
Nearly All Result of Recent
Burglary and Robbery
Wave in City.

In an effort to clear up the burglary
and robbery situation in the city the
Marion County grand jury before noon
today returned twelve indictments
Bryan CoOns. Lawrence Burnett and
Joseph Burnett were indicted on a charge
Of entering the store Of the Capital Vul-
,anizing and Double Tread Tire Company
with felOnious intent.
Stephen Bracey. $50 East Court street,
and Tirgil Porter. SO Hadley street. were
indie d on a charge of stealing twenty
two chickens from Frank Mankedick. 2426
Churchman avenue.
Basil Cockrum and Otto Harvey Of Ac-
ton, and Elmer Rains. 112S East Twenty
Second street, were indicted or q charge
Of stealing an automobile belonging to
Morton L. Parker, 413 GOOdlet avenue.
The three also were indicted on a charge
Of conspiracy TO commit a felony.
An indictment was returned against
Joe Johnson, charging him with break
Ing into a stOreroOm of William ".
Meadows. 1920 East Twenty y-Fifth street,
with felonious intent
Others were indicted as follows
Harold Etherly, grand larceny: Charles
Heller, forgery: Kenneth Green and Joe
Chesher, burglary and grand larceny A;
Charles GOines. entering house to com
NIT a felony; Stoughton Bartlett,
burglary and grand larceny, and Elmer
Davis. charged with assaulting with in
tent to kill Joseph Davis.
Others indicted were not made public
at this time
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-09-13
Burch Confessed to Me-RepOrteT
KENNEDY MURDER SENSATION
It's All an Internal Lie-BurcH

Los ANGELES. Cal, Sept. 13.-"It is
Speaking in a clear firm voice and
looking the interviewer squarely in the
face, as he pressed his cheek close to the
bars of his cell in the county jail today.
Arthur Burch branded a statement of
Chandler Sprague, a reporter for the Los
Angeles Examiner, that Burch had con-
f3ssed to the murder of J. Belton Ken
nedy, as tissue of falsehoOds''
"There isn't a word of truth in it,"
said Burch of Sprague's copyrighted ar
ttcle printed in this mornings Los An
geles Examiner, in which Spragle claims
Burch confessed to him that he slew
Kennedy with the knowledge of Mrs
0benchain as the only means of ending
an intolerable situation.
''It is a complete fabrication and it's
sue of falsehoods from the first to the
last word" Burch continued "I have
talked with Chandler Sprague, but I have
never uttered a word to him that would
warrant his writing such a completely
unjustifed and untruthful statement"
Burch had been sleeping soundly and
arose from his cot to talk to the cor,
respondent. He appeared to be astOund-
ed when told of Spragues revelations,
After making his statement, he said
he did not care to give further comment
until he had talked with his attorney.
Mrs. Obenchain, also firmly denied thai
there is a word of truth in Burch's pu--
ported statement insofar as she is con
cerned
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-09-13

CHICAGO, Sept 13.-Arthur e. Burch
Of Evanston, Ill, confessed the murder
Of J. Bolton Kennedy, at Los Angeles,
more than a month ago to Chandler
Sprague, Los Angeles newspaper man.
according to a dispatch received here
today by the Chicago Evening Amert-
can The dispatch came in the form of
a signed. story by Sprague which was
copyrighted by the Los Angeles tx
aminer. The story asserted Burch had
admitted killing Kennedy with the
knowledge Of Mrs. Madalynne Obenchain.
Burch and Mrs. Obenchain have been
under arrest in Los Angeles since few
days after the murder OF Kennedy on
Aug. 4 last
Kennedy was slain at his summer cabin
in Beverly Glen. near Los Angeles. He
is supposed to have been shot from am
bush as he approached tie cabin after O
motor ride with Mrs. Ooonchaln.
DURING TALK IN
THE COUNTY JAIL.
According to Spragues story the con-
fession was made while the two con-
versed in the Los Angeles County Iail,
Aug. II. ten days after KennrdyS mur-
der. He killed Kennedy. Spra"ue alleges
Burch told him, because it was the only
way to free Mrs. Obenchain from Ken
nedy's malign influence. Burch, Sprague
declared. regarded himself as knight
Errant rather than as n murderer, and
believed the killing justified
Burch came West, he is alleged by
Continued on Page Two.)
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-09-13
MARSH CHARGES
PRUSSIANISM'
Plans to Mandate Senate
Finance Committee for
Public Hearing.

WASHINGTON, Sept 13.-Benjamin
c. Marsh, executive secretary Of the Peo-
pies Reconstruction League, announced
today he planned to institute mandamus
proceedings in one OF the District OF Co.
lumbia courts to compel the Senate
Finance Committee to hold public hears
ings on the revenue revision bill.
Marsh charged that the pending bin
is a violation Of the Republican party's
campaign pledges, that it viii increase
unemployment. enhance the cost of living
and be a serious blow to agriculture and
other legitimate industry"
I'VE are making an effort Marsh
said. ITO pry open the doors of the Sem
ate Finance Committee, slammed in the
face of the American people, and to ccza-
pei the committee to give hearing to
the people whom they propose to doom
to the heaviest taxes ever laid upon the
people of such a wealthy country under
similar circumstances.
If this appeal fails. we will try to get
court mandamus to prevent this .nefarious
revenue bill, sired by Wall street and un-
desired by the American people, from
being voted out Of committee without
public hearing. 'Prussianism' in the
United States Senate must be stopped"