davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-12-31
5 BILLION EXPORT
TRADE Is US. AIM
Hoover Heads World Campaign
to Bring Sales to War Time
Standard.
Special Dispatch to THE NEW YORK HERALD.

Special Dispatch to THE NEW YORK HERALD.
New York Herald Bureau,
Washington. ID. C.. Dec. 30. }
Secretary Hoover and exporters, man
ufacturers and farmers in the United
States are engaged in world campaign
to boost American export sales to the
standard of the war time period. During
the war and up until 1920 the business
men of the United States sold each year
In foreign markets approximately
5000 900 900 worth of raw materials and
manufactured goods
American manufacturing plants face
1872 prepared to produce goods worth
almost twice as much as before the war
In 1918 the capacity output OF this coun-
try was about SIS 900 900. 900 for prepared
foods and manufactured goods. The ma
ton, officials say. is ready to take ad-
vantage of any business revival or In
crease in prosperity that may take place
in 1922.
An army of more than 600 Government
agents. acting under the direction of
Secretary Hoover. is covering the world
of trade and commerce for American
business men and manufacturers.
Never before in the history OF the
United States has the Government beeh
as well equipped, officials say. to back
up and give real assistance to Ameri-
can business men in the race to OBTAIN
success in foreign markets
A world drive to sell American made
agricultural implements is under way
with the assistance of Government OH
cials. 1t has begun to produce decided
results. During 1921 manufacturers sold
abroad more than 3 per cent. of their
total output, according to an oficia'
announcement of the Commerce DEPART
ment. This means employment LOT
workers in the agricultural implemert
industry in many sections Of the United
States.
Approximately 100000 industrial
workers ir every section Of the United
states will benefit directly throuShh
States will benefit directly through
the general world campaign. An in
crease in sales abroad of American
made goods will give American manu-
facturers an opportunity to enlarge
their output and employ more and more
workers.
The New York herald., 1921-12-31
1900 FEWER MILES
OF RAILROAD IN U. S.
New Low Record Made by Car
riers in improvements and
Equipment Ordered.

CHICAGO, Dec. 30-Railway mileage
m the United States declined l, 200 miles
IN 1921 and new low record was made
IN improvements made and in new equip
ment ordered and acquired, the Rdiltody
Age announced to-day.
Abandoned mileage totaled 1,67S
miles, offset by AIS new mileage. the
smallest ever known. except in 1920,
when 1t was 314 miles The abandoned
mileage is the largest ever known, CIV
Ing new net record of 1900 miles de-
crease in railway trackage for the year.
The total mileage abandoned in the
hve years since 1917 is over 800. ac-
cording to the Age figures, while new
mileage built reached 5000. a net de-
cline Of 2,500 for the five years.
Locomotives ordered for domestic serv-
ice In 1921 totaled 241. the smallest pre-
vious number having been 272 in 1919.
Locomotives ordered in the five years
since 1917 ged 2,400 a year. Lo-
. comotives actually built in 1921 aggre-
gated /. .121, the smallest number since
1897.
A new record in freight cars ordered
2O.667 for the year-was also made, the
smallest previous number having been
25,S99. In 1919. In the last five years the
number of freight cars ordered averaged
100000 a year. said to be regarded as
a small average. but which was five
times the number ordered for 1921. The
number of freight cars actually con-
structed for all the railways of the coun-
try in 1921 was 4O.354, the smallest num-
Der before this year having been 60.055,
in 1920.
Passenger cars alone showed a varia-
ton from the record low marks, the
number ordered being 212. the smallest
record except in 1918, when the number
ordered was 131. Passenger cars built
totaled 1.003. the smallest number in any
one year except in 1919. when it was 3O6.
The New York herald., 1921-12-31
Average Bond Prices
December 30, 1921.
BOND NEWS AND NOTES.
Prices Continue to Gain.

The bond market was fairly active
again yesterday and prices made fur
ther gains. There was some selling to
establish losses for income tax pur-
poses but it was not an important factor
and not felt to any extent An advance
10 new high record of 100.10 by the
Victory Az $ was the feature of trading
in the United States war bonds. For
eign government bonds were irregular
IN a narrow range. Railroad bonds were
active and strong. New York, West
chester and Boston AIS were particu-
larly strong, rising from 81 to 34 and
New Haven 6s enjoyed a substantial.
advance. In the industrial list there
We're several strong features. Atlantic
Fruit rs opened at 211a and rose to
22j5 and Cuba Cane debenture IS fluc-
tuated between 5S and 60i5.
The New York herald., 1921-12-31
Moline PIow.

The reorganization committee OF the
Moline Plow Company in a letter TO its
creditors and security holders states
that $3,612.000 of its $4,000, 600 serial
notes outstanding have been deposited
under the plan and others are coming
daily. All its bank creditors have ac-
cepted the plan and IL is expected that
within week the last Of the mer-
cfandise creditors win have assented
OF $4,000 shares of it's old first pre-
ferred stock, 67,463 have been deposited
also 14,901 OF the $4,000 shares of its
second preferred stock and 1888 of the
$4,000 OF its common stock. The com
mon stock deposited does not include
that held by Willys-Overland interests
hut the committee expects to receive as
sent Of the Willys-Overland Company as
soon as certain formal details can be
carried out. which should be done soon.
The New York herald., 1921-12-31
MARINERS HARB0R BANK OPEN

After being closed since August "a
last. after the alleged misappropriation
of $500. 900 of bank funds by the cashier,
Sylvanus BedclI. the Mariners Harbor
National Bank of Staten Island reopened
for business yesterday. The banks
capital OF $4,000 and surplus OF $4,000
are now unimpaircd, It was stated. the
directors having made up about $4,000
OF the deficit. Permission to reopen
was received Wednesday from the Comp
troller of the Currency at Washington.
Most Of the depositors have waived
40 per cent. of their deposits temporar-
lily. Bedell has been indicted.
The New York herald., 1921-12-31
MIDDLE STATES OIL DECLINES

The report OF tho Middle States Oil
Corporation for the quarter ended Sep
tember 80 shows net income OF &Ss3.578
after charges and Federal taxes, which
compares with $2.o65,o78 In the Same
quarter a year ago. Gross income was
$1.277.943. compared with $2.5a4.157 In
the same quarter of 1870. and expenses
Of field operations. new construction.
rentals, &C. Ss<4.ss5. against s3s4.o7s.
Reserves for taxes were $4,000,
against $4,000. and dividends 3442.42s,
against s764.594. Dividends on minority
stock in subsidiary companies totaled
$4s.79s. leaving a final surplus for the
quarter OF e401.862, against s1.30o.4st.
The New York herald., 1921-12-31
WOOL.

BosroN. Dec. 30.-The Commercial
Bulletin will say tomorrow: Demand
for wool of all grades keeps up with
unusual animation for the closing week
of the year. when trade Is normally
slow. not little wool having been pur-
chased in bond. especially woods of fine
grade and good staple. which some milis
need apparently with which to piece out
current orders. Prices generally show
an advance for the week of to cents
a. pound in the grease and sometimes
even q little more.
"The wool industry is hoping for an
early passage Of the permanent tariff
bill. that a basis on which to operate
In the new clip may be ascertained
Manufacturers are not consuming quite
so much wool, but are using consider
able stock. The clothing industry is cut
ting prices In order to move large sur
plus stocks.
The Commercial Bulletin will publish
tomorrow wool quotations as follows:
Domestic, Ohio and Pennsylvania fleeces-
Delaine unwashed. 4o941c. fine unwashed;
eom9i eombins. saS$sc. Michigan and New York
fleeces-Delaine unwashed. 3s9S9c.: fine un.
washed. 2993oc.; Y blood unwashed. 349
unwashed, 3i632c. wisconsin, Missouri and
average New Ensland-Half blood, 31033c
X blood. 31d32c.: u blood. 29d3Oc. Ken
lucky West Virginia and similar-Three-
cighths blood unwashed, 35GS8c.: blood
unwashed. 33d34c.; common and braid. 10
d20c.
61S5c.: fine s months, S7G70c. California
Northern. so1s5c. middle county. 10dT2c. /:
southern, 6i167c. regon-Esstern. No. !
staple sS690c. fire and fine medium comb
ing s0qsoc. eastern clothing. 85q70c.: val
ley, No. I, 75Gp 7Sc. Territory-Fine staple,
soae2c.. u blood comblng, 7sas1c.; y blood
fine and fine medium clothing, 6s9T2c.; fine
and fine medium French combing, 7S6s4c.
pulied-Delaine, S51aoc. AA, 72G7sc.; A
supers, 65G7Oc. Mohairs-Bcst combing, 20
632c best carding. 22G2bc.
The New York herald., 1921-12-31
Apache Rond plans Issue.

WhsHNoroN. Dec 3o.-Thc Apache
Railway Company asked to-day the In
tcrsiHtc Commerce Commi ssion for au-
thority TO issue sl55.O0O IN notes and
$500 In stock for constructing q new
line from Holbrook TO Cooley. both in
Arizona. II will be seventy-three miles
long and under the application the Sc
cur,ies which the Apache company ex-
pects 10 issue would be sold TO the Atchi-
son, Topeka and Santa To Railway
Company.
The New York herald., 1921-12-31
To Extend EIkhorn Notes.

The Carolina, Clinchfield and Ohio
Railroad Company has been authorized
by the Interstate Commerce Commission
TO extend the maturity date of Sc, 900, 600
of Elshorn first mortgage notes from
January l. 1922, 10 January 1, 1923.
and to pledge the notes and $1,000, 900
OF its first mortgage thirty year gold
bonds as security for a loan from the
Government
The New York herald., 1921-12-31
WILL ENTERTAIN CHILDREN

More than 1900 children Of the Bowl
ing Green section will be entertained
this afternoon at the New York Produce
Exchanges annual New Years Day
party on the floor Of the exchange by
Starrett's Circus and the Seventh Regi-
ment Band. At the close of the per-
fcrmance every child present Will be
presented with a package of toys.
The New York herald., 1921-12-31
TO INCREASE CAPITAL.

The Chicago house for Harris Forbes
& Co.. known as the Harris Trust &
Savings Bank. has asked stockholders
to consider at the annual meeting on
January IL a proposition to Increase
the capital from $4,000. 900 to $4,000, 900
by transferring $1.000,000 from undi-
vided profits for increasing the loaning
power. The new stock. for the present
1t is said. will be held in the banks
treasury.
The New York herald., 1921-12-31
skeIIy OIL Sells ss.ooo,ooo.

The Skelly Oil Company has sold to
the Union Trust Company of Pittsburgh
S3.000.000 of its ten year 7J5 per cent
sinking fund first mortgage bonds, ma
turing on December 1, 1881. The pro-
ceeds will enable the company to clear
up its floating Indebtedness and furnish
additional working capital.
The New York herald., 1921-12-31
Paper Issue oversubscribed.

The Chase Securities Corporation and
the Bankers Trust Company. syndicate
managers for the Offering of s12,5O0, 900
Of the International Paper Companys
series y first and refuudng per cent.
sinking fund mortgage bonds, an
nounced Yesterday that its subscription
books had been closed. the issue having
been oversubscribed
The New York herald., 1921-12-31
North Carolina Bond Sale.

The state Of North Carolina opened
yesterday bids for an Offering of s5,-
100000 Of its school bonds. but it re-
ceived tenders for only $500 900, all of
them from local interests. The amount
pid Tor probably will be awarded and
the balance reoffered in January.
The New York herald., 1921-12-31
union rank Cur Co. to Redeem.

The Union Tank Car Company has
elected to redeem $4,000. 900 principal
amount OK It's equipment trust per
cent gold notes, series A. due on Au-
gust !. 1880. ~ 1O2i6 and accrued in
terest. on February I. 1922 a notice
containing the numbers OF the notes
designated for redemption will be pub
iished to-day
The New York herald., 1921-12-31
CIGAR STORES HEARING JAN. 4.

PATERSON. Dec. 30--The hearing in
the injunction proceedings brought by
minority Of the stockholders Of the
United Cigar Stores Company of Amer
lea, a New Jersey corporation. set for
to-day before Vice-Chancellor Eugene
Stevenson Of Jersey City in chancery
chambers here, was adjourned until
January 4. On that date the hearing
will take place In Jersey City.
The New York herald., 1921-12-31

In a special meeting OF stockholders
OF the United Cigar Stores of America
in Is Exchange place, Jersey City. yes
terday afternoon. in which 80 per
cent of the stock was said to be repre-
sented. a resolution presented by the
company and indefinitely postponing
the proposed issue of s5,000,O0 addi-
tional preferred stock was passed.
The New York herald., 1921-12-31
REPORTS OF RAILROADS
ARE STILL IMPROVING
November Earnings Likely to
Exceed Early Estimates.

More than fifty reports Of railroad
earnings for November so far received
indicate that the aggregate net operat-
ing income OF the 201 Class 1 carriers
for that month will exceed by more
than $4,000. 900 the s54,0O0,O00 in net
earnings made in November. 1920.
Important railroads reporting yester-
day for November included:
The New York herald., 1921-12-31
EX DIVIDEND TABLE.
DIVIDENDS.

Bayuk Bros. a., list pf., SO. Dec. 81 Jan. 10
Bayuk Bros, a., I'd pr. So. Dec. 81 Jan. 10
Bush Terminal Co.. 3. o.,
$3.50 ......................J Jan. 9 Jan. 10
Bush Terminal Co.. $40
stock ..............t..... Jan. 9 Jan. IS
Bush Terminal Co., =. a.,
pf., S3.....................J Jan. o Jau. 10
Bush Terminal Building Co.,
a.. pr, si.75.......s....... Dec. 81 Jan. I
Lima Locomotive Works, a.,
pr, 81. .......Jan 10 Feb. |
Rand Mines, Ltd, is. Nd. .... Feb. 10
The New York herald., 1921-12-31
GERMAN BANK STATEMENT.

BERLIN. Dec 30--The statement Of
the Imperial Bank OF Germany as Of
December 20 shows the following
changes.
The New York herald., 1921-12-31
UNITED STATES TREASURY STATEMENT.

o Yonx HzaAp
ws:;Insiss s:S ys,s E-els 5 e. Dec. S:s.:s} y.
The New York herald., 1921-12-31
MONEY MARKET.

TIME IOANss
MIXED collateral 60 to 90 days ...... 4
Mixed collateral. 4 to g months. ..... s
Industrials, 60 TO 30 days. s.................. s
lndustrials. 10 q months. ................. )
COMMERCIAL PAPER.
rest Mares, 10 6 months. hs........s
Other names. 4 TO g months. hs.......... hSSSn
DISCOUNT RATES. RESERVE BANK
Commercial paper. 'f5 days, AZ: 60 N N
dayr 4u; Liberty bonds and Victory nots.
IL days, AZ: 10 TO 30 days. AZ; banker,!
ncceptances, IL TO 30 days. AZ.
sFfxed November 2. Previous rate X
fixed September ~.
OPEN MABKET RATES.
Call loans on ncceptances. ........... 4xcs
Discount rates on prime bankers accent
ances eligible for purchase by Federal Re.
serve Banks.
Bid. Ask. Bid. Ask.
so days.. 4h AZ 100 days. az az
CLEARING HOUSE STATEMENT.
Clearing House exchanges, sT5f 500 ooo
balances, SIi 100000: Federal reserve credi,
balances. 4i,s00.000.
SILVER MARKET.
Official bar silver In New York domestic.
nsj5c, unchsngod foreign 64s,c.. off &c.
London. 3iAd., off Nd; Mexican dollars
The range OF silver prices this year:
Iiiglept f,owest
London ....... 43xd. Sent. 81 s0xd. Mar.
New York;. 7ixc' sspt. 81 $50. Msr !
The New York herald., 1921-12-31

PARTS, Dec 3o.--Priccs OF securities
traded in in the Bourse to-day were
improved. Quotations at the close OF
trading were as follows:
The New York herald., 1921-12-31
FOREIGN MARKETS.

LoNpoN, Dec. 3o-Trading in the
London Stock Exchange to-day was
quiet. Quotations at the close of trading
follow:
Bar silver. 34%d. an ounce.
Bar gold 0Ss ar ounce.
Money. oh per cont.
Discount rates: Short bills, per cent,
and three months bills. 35s per cent.
Two and half per cent. consola. fnit.
British per cent. war loan, 9fA.
British AZ per cent. war loan, s3k.
DE Beers. 9x
Rand Mines, 2.
The New York herald., 1921-12-31
Hud& Man 3
JllCen stss


2......f07
III Central rvs
10.......o7
III Cent ~ 1852
so
q. 7ol2
III Cent Is 1853
1913
fIlCen ChJcn 5s
30
Illinois Stl AIS
2.......S7
1ntcrb X 4 I'd
The New York herald., 1921-12-31

Revenue receipts and expenditures as a
The New York herald., 1921-12-31
CHICAGO. ST. PAUL. MINNEAPOLIS AND

November gross. $40, ,s6O,o44 Dec. 81, ,919 .77t
Net oper. deficit. 10,6oS Dec. 356.4
Eleven mos gross 134. 1o6, ,S6s Dec. 1s, 396, us
Net oper. income. 7.16O.924 Inc. S,210,S5t
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-09-30

scaled off until the rock mass has
taken form of an extremely sharp
pinnacle towering high above the
lakes.
Another phenomenon in evidence
is causing considerable comment.
The great subsistence that occurred
after the explosive eruption of last
March at Kilauea caused heavy ava
lanches to fall from the walls of the
great firepit. These. crashing down
to the depths formed talus slopes
which became covered with debris
from above. During the past few
days a series of remarkable spouting
lava springs have broken out at in
tervals along the top Of these de-
brlS slopes, showing that an irresisti-
BILE torrent of lava is forcing it's way
up within them, Mr.. devils Norton
said. The various points of emer-
gence are high above the lava lakes
and every few moments, glittering
and spectacular cascades of molten
fire and flame roar down over the
slopes to the lakes below 1t is "as
though the whirlpool rapids at
Niagara Falls had been turned into
flame" and the spectacle is especially
striking at night. Mr.. devils Norton
said
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-09-30
Maine Christian
Conference on Oct.
4 and 5 in Bangor

Bangor Me, Sept. 29.-Many inter-
esting things appear on the program
of the two-days session of the Maine
Christian Conference on Oct. 4 and J
IN the First Christian church of this
city. The church is also to celebrata
its ?Oth anniversary in conjunction
with the conference meetings. Rev.
Donald P. Hurlburt. pastor of the
convention church. is also field secre-
tary of the state organization and will
be one of the leading speakers. Clara
b. Greeley of Bangor secretary of
Missions, is another officer to speak
Visiting delegates will be furnished
with lodging and breakfast during the
convention but there will be a small
charge for dinners and suppers served
in the vestry Of the church It is ex-
pected that there will be large repre-
sentation from the churches in the
conference.
Among the subjects to be consid-
cred is the Forward Movement of the
Christian church Of the country. Mis-
sions, Evangelism and increase Of
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-09-30
DENIED PERMIT TO
SELL OWN PHOTOS
Cowboy VINO Recently Visited Au-
susta on Trip Over Country, En-
counters New Proposition in Boston

The young. man Van Cleaf Gulick,
who was in Augusta two weeks ago on
trip in which his object is to visit
every State capitol in the country
astride the same horse, had new ex-
pcricnce recently. according to the fol-
lowing item from the Boston Herald
of Sept. %:
Forbidden by the authorities to sell
picture postal cards of himself in Bos-
ton, Van Cleaf Gulck, who has been
four months in the saddle on a horse
back trip throughout the country, is
leaving for Providence today with an
admittedly poor impression of Boston.
He said last night that he was
broke" and needed at least $40. but
that officials both at police headquar-
tors and at the mayors Office declined
to issue him permit to sell his postal
cards. II have ridden $4,000 miles IN
the last four MONTHS he said. "and
Boston is the first city / have visited
where | have not been permitted to
sell pictures of myself"
He contemplates receiving a much
better reception in New York and is
confident he will have no trouble there
in selling the pictures His home town
is Bentonport. Ia, where he is a cow
boy. He has ridden horses, he said,
since he wasFfve years old.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-09-30
KENTS HILL

Miss Mae Cole went in her touring
car to Lewiston Wednesday for the
day, having as guests her mother,
Mrs. G. j. Cole and Mrs. w. f. Morse
of kents Hill and Mrs Margaret
Nickerson and Mrs. Walter Nicker-
son of Readfield
Mrs. Lucille Pilsbury Adams of
Saco' former student and graduate
OF the seminary is here for rest and
change and is finding both in our
beautiful scenery and splendid clear
air.
Charles Folsom has had a 3O-foot
wen dug on his recently purchased
lot and has struck a rich vein Of fine
water. which. in this extremely dry
season, promises generous supply
for the future.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-09-30
sept3od1tx
The Press Delegates
May See Eruption
of Volcano Kilauea

/ Hilo, Island of Hawaii, T. H, Sept.
! 9.-(By MaiD of the world S
greatest spectacles of nature
demonstrations of volcanic activity
| by Kilauea volcano on this island
will very possibly be unfolded be-
fore the eyes of delegates to the
forthcoming Worlds Press con-
gress sessions in Honolulu in Octo-
Der. according to L. w. deVis-Norton
| secretary of the Hawaiian Volcano
Research association and an authori-
ty on the Hawaiian Volcanoes.
The lava column within the vast
fire pit of kilauea has been rising
steadily, according to reports from
the Hawaiian Volcano Observatory
on the rim Of the great crater di-
rectly overlooking the volcano. The
molten lava lakes within the great
fire pit are increasing their area so
rapidly that the shoals and lava rock
islands which were conspicuous OBJ
jects upon the lakes surface are dis
appearing one by one as the molten
foods overwhelm them.
The itinerary for the Press Con-
gress delegates calls for their arriv-
al here on the evening of October 10
and it has been arranged that the
next two days will be spent by the
delegates at the volcano among the
wonders of Americas latest National
park. All indications point to a cul-
mination of Kilauea's activities
about that time. the Observatory re
ports and If these conditions ma
terialize. the delegates will witness
scene of marvellous and awe-in-
spring brilliance, Mr.. devils Norton
said.
Many strange things are tran
spring in connection with the rapid
upward swell of molten interior of
the earth within the vent of Kilauea
Mr.. deVis-Norton said A gigantic
mass of rock is being forced steadily
up from the depths and is already
rearing its crest high above the white
/ hot torrents that lap it's base. The
continuous movement and the vi
bration OF this great mass is causing
| heavy avalanches to rush down it's
sides. The result is that it has
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-09-30
CHINA

SOUTH.-It is very gratifying to
friends of Erskine Academy to see
the large enrolment for this year.
Every seat is full. several new ones
have been added and several now
have to sit at tables. The school is
under the efficient management of
Principal and Mrs. Freeman Sanborn
of Boothbay, assisted by Miss Whalen
of Rockland and all things seem to
predict a successful year.
The Sons of Veterans camp Of
this place will give a dance on Thurs
day evening, Oct 6, at G. A. r. hall
real old fashioned baked bean sup
per will be served. Music will be by
Tozier's orchestra and it is expected
a grand good time will be had
TWO new pupils have arrived to
attend Erskine Academy. They are
two young men from Gardiner and it
is said they will reside at Ford Hall
and take their meals at Mr.. San
born's.
The new house which Ralph Taber
is building on the place recently pur-
chased by him. is gaining rapidly and
will be a decided improvement to the
neighborhood
Frank Doe. Leslie Buzzel and ].
ID. Hallowell of South China attend
ed Odd Fellows meeting at Cooper's
Mills Saturday night.
Mrs +. L. Marsh and Miss Hannah
Page, who have passed week with
Mrs Mary w. Jones, returned on
Monday to Skowhegan.
w. Thomas of Bowdoin College
PASSED the week end at Mr.. Bridges
Principal Robt E. Owen of o. G.
Seminary Vassalboro, with Mrs.
Rose Murphy and Mrs. Mary Thomp-
son were recent callers in this place.
Charles Cary was recent guest at
!. Lincoln Jones'
Mr.. and Mrs Emil Jenkins and
Rev. and Mrs Charles Matti returned
on Friday from their auto trip to
the White Mountains
Melvin Bailey of Portland with his
son, Moses Bailey, just returned from
Missionary work in Romallah, Pal
estine, were recent callers at J. AL
bert Jones'