davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-11-26
SEASONAL CONDITIONS
HURT TRADE SEVERELY
Retailers Also Hope to End
Year With Clear SheIues.

The Quieter trend IN the wholesale and
5obbing trade IS aacrlbed in part by tEe
weekly trade reviews to seasonal cond,-
tions and In part 70 the desire of retail
er5 to close the year with light stocks
on hand. In fact, trade. industrial ard
financial reports present q highly irres
ular tono.
Wholesale trade" gays Byadstreesis
has Quieted further; jobbing trade. eE-
cept In holiday specialties, has tended
TO taper off; retail buying, while better
seems to lack the snap often visible az
this season. reasons for this being irreg
ular weather. low prices for farm pro
duce, and in some large centres reduced
purchasing power due to unemplo5
Ment"
Dun's RsrIeio says in part: Uneven
ness OF conditions invariably become
moro marked as the end OF the yea,
approaches. and the sharp cortrast7
which now appear are not unexpectec
With seasonal lull beginning in pri-
mary branches as attention Is diverted
to annual accounting the general situs
tion presents q duieter aspect, although
retail activities broaden as pre-hoiday
buying develops. Variable weather IN
different sections, however, has caused
some hucteation OF trado IN consuming
channels. while the existing unen ploy-
ment OF many workers remains an In
huence in limiting the public purchasing
power.
Recognition OF this fact has an evl
dent bearing on the selling policy O.,
merchants, and offerings Of goods ct
price concessions reflect the efforts belne
made % stimulate distribution. Diver
genco between wholesale and retail
prices, on the other hand, is stiil re :
garded as an obstacle to commercial
revival. and the trend Of demand toward
staple and lower cost articles is sicnif-
cant of the changed attitude OF buyers. ;.
The New York herald., 1921-11-26
OCTOBER'S RAILROAD
REPORTS 1925 BEST
Central. Pennsylvania, Lacka-
wana and Frisco Gain
During Month.

October railroad reports announced
yesterday give promise that es whole
the month will be the best this year In
both gross and net earnings. While the
years traffic normally reaches .ts pssis
about October 10. the months tonnage
received adced impetus this year from
tho rush OF shippers before the throat
ened strike.
The New YorkCentral Railroad Company
for October reports net operating income
Of S5.751.7s5. after deduction Of operating
expenses. taxes and adjustments for
joint facility rents, IN increase of $685.
463 over October. 1920 It's gross reve-
rues amounted to $2S.437,5s0, from
which s21.319.74s was deducted for op-
Grating expenses. compared with sss,-
46S,s53 Gross receipts and sS1,222,sss
operating expenses for the same month
year ago. The months ratio OF oper-
ating expenses TO gross was 749 per
cent. against S1.2 per cent. for October,
1920.
In the first ten months the New York
Central saved net operating income OF
~'o'S"v'roo Out OF BroSS operating rev
enues OF $268,46f.145. contrasted with
only ss94.571 net and 9S0s.273,s42 gross
for tho corresponding period Of 1899.
operating expenses totalling $214, G64
represented a decrease OF $74,652,425
from the 1920 period. The radio. between
operating expenses and gross was &c.
per cent. In contrast to s4.5 par cent. fpi
ths corresponding ten months cf 1890.
The detailed report of the Pennsy-
vania Railroad compared az Sollows with
the corresponding periods Of 1890:
The New York herald., 1921-11-26
MOTOR CAR OUTPUT SLACKENs.
Cars and Trucks Turned Out IN
Three Months Total b11,51o.

Comment IN the automobile trade IN
c;cates the feeling that while business
was no. 60 active In the third quarter
OF tho year as It was a year ago. -e-
suits we're satisfactory.
Official production figures showing
q total output OF $40 passenger cars
Gnd trucks Tor the third quarter OF
1891" says AxtoTaotivo frdnstries
prove conclusively that the slump in
tho outomotive industry he's been moro
Imaginary than real This figure Is
only approximately $500 less than the
production for tho Same period last
year. which included two OF the best
months IN 1919"
The New York herald., 1921-11-26
Rails Make GOOD Leaders.

In yesterdays stock market ss5 Diff
ferent stocks were dealt In. not a new
high record for the year. but the largest
Of any Of tho years rising markets.
The railroads pointed the way. It was
the early strength OF that group which
seemed to stabilize tho entire list. The
rails n,-d been nearly dormant during
the greater part OF the present month
ana 1t was noticeable although not nee
essarily the real reason that spectators
found Il difficult to keep the market
in motion upward when industrials Of
the speciality class were picked out to
lead. The market Is always adjudged
healthier when railroad stocks or old
line industrials are IN the forefront Of
trading than when specialtiee are bid
upward In the van. The upturn Of rails
yesterday supplied leadership which
tho rank and file OF traders In all stocka
were willing to follow.
The New York herald., 1921-11-26
A Tew OIL Railroad.

Colorado and Southern has merit as
stock Of road controlled by the Bur-
lington, but the speculative life impaired
to 1t Of late seems TO have its basis in
the fact that tho former owns a half
interest IN an oil road. the Trinity and
Brazos Valley, which runs through tho
new Mexia oil field. Tho latter prop
erty Is in receivership. but earnings ere
reported a. expanding rapidly through
the haulage OF oil we'll material and
petroleum. Persons who acquired Colo
rado and Southern shares earlier In the
year did go because they thought divi-
dends might bo inaugurated q little later
ard they have found an unexpected fac
tor to improve the market value Of their
holdings. It Is hardly likely. however.
that tho directors win base their attl-
tude toward dividends this year on the
prospect: Of o subsidiary company.
The New York herald., 1921-11-26
FLORIDA BROKERS LIQUIDATE
Can't Collect Accounts or Realize
ON Certain Securities,

JAczsoSvrILv, Fla, Nov. 25.-Thc
brokerage firm 0: Clement D. Gates &
Co. with headquarters here. branches ir
many parts of Florida and connections
ia New York. New Orleans and Chicago
closed its doors to-day and announced
. would 80 Into voluntary liquidation
The action IS apparently due to inability
20 collect outstanding accounts and q
realize on certain securities.
Untl an audit has been completed {;
will be Impossible 20 state the exec;
essets and liabilities. Whether the sirn,
woulG reopen for bussness depends upor
Low speedily and 70 what extent its
assets can be realized upon.
The New York herald., 1921-11-26

The combined statements Of the twelve
reserve banks for the week ended on
November 23 disclosed moderate rise
In reserve ratios to new high on the
recovery, the ratio Of gold to reserve
notes in circulation. after setting aside
S5 per cent. against deposit liabilities.
reaching point just under 100 per cent.
That improvement was due to a gain OF
S11, $4,000 In total gold reserves and
contraction Of s9.200.000 in note circula-
tion. Bank borrowings with United
States obligations as security advanced
S35,272,000. but were largely shifts OF
paper, as those secured by other obliga-
tions fell off s2S.121.o00. After reserv-
ing IS per cent. against deposit liabili-
ties ths balance Of total gold reserve 10
9s.3 per cent. Of outstanding reserve
notes In circulation.
The New York herald., 1921-11-26
That l.. 4 WIZ. Dividend.

Robert W. de Forest. vice-president
and general counsel OF the Jersey Cen
trail Railroad corrected yesterday an
erroneous impression that the railroad
rather than the syndicate which pur-
chased the stock of tho Lehlgh and
Wilkcs-Barre Coal Company VIII get the
henef,t of its recently declared divi-
dond OF ss5 u share. "The declaration
OF thi, dividend" said Mr.. de Forest.
adds nothing to the price Of ss2.5oo.0oo
which the Jersey Central will receive
for it's holdings because. under the terms
Of sale any dividend declared by the coal
company previous to tho delivery Of the
stock IL treated az payment on account
Of the purchase price"
The New York herald., 1921-11-26
TOPICS OF WALL STREET.
Equipment Euying.

Domestic railroad orders for 1as. de-
livery havc reached an estimated total
OF 10000 tens, OF which subsidiaries OF
the United States Steel Corporation
have taken approximately 10000 tons.
Inquiries in the market include 10000
tons FOR the Pennsylvania and between
10000 and 10000 tons for tho New
York Central. In the export field
Argentine State Railways Is inquiring
for 10000 tons Of rails end pending
Chinese and Japanese inquiries total
,6.C3o toas. Continued increase in the
buying OF plates 10 expected TO expand
with rail orders for freight cars and
other cquipsnent
The New York herald., 1921-11-26
Seneca Copper.

Tho stock market appraised the
Seneca Copper Corporations property
at more than s5.200.000 at yesterdays
price Of SEA snare, applied 20 the
amount OF stock dealt In on the New
York Stock Exchange. That amount
was exclusive OF the 100000 shares Of It
listed this week. which will be traded
In when fully paid. On July 1 the cor
poration valued its assets at 34.262.s16.
including a $325.00o investment in stock
Of the Lake Milling. Smelling and Re-
flning Company and 31o1.5o0 in shares
OF tho Gratiot Mining Company. In
eighteen months ended on November
tho management spent S54s.03s on de-
velopment WORK. q part OF which was
The New York herald., 1921-11-26
IxpIAxApoIIs WINS PLEA.

NAsHINGTos, Nov %. Tho Inter-
state Commerce Commission to-day held
that railroad rates on grain originating
along the Lake Erie and Western lines
destined for trunk line and southesl ter
ritory, constituted q discrimination
against the city of Indianapolis.
Railroads were ordered 70 revise rog-
ulations 20 allow grain so moving 10 be
inilled In transit at Indianapolis on the
garno relative basis that the prlvilcy,
row is given az NcbIBYillc, Ind.
The New York herald., 1921-11-26
TOLEDO TIME LIMIT EXTENDED

A protective committee formed in De
ceriber, 1914. to represent tho stock
holders OF the Toledo. st. Louis and
Western Railroad has extended time
for depositing stock with the Enpirs
Trust Company. depository OF the COM
mittee. until December !. Tho commit
teo reports that moro than IS per cent.
OF the issue OF both common and pre-
fcrred stock has been deposited.
The New York herald., 1921-11-26
WATERFOWL MEN FORM FIRM.
r.. l.. Carlisle & Co., Inc., 70 p.,I
I'm Investments.

Floyd L. Carlisle. head OF the North
ern New York Trust Company OF wa
tertown, n. Y, has organized a new
investment house 70 be known as p
l. Carlisle q Co.. Inc, with Offices az
40 Wall street.
The capital will be 100000 paid in
in cash and Mr.. Carlisle will be president
as well as member OF the board OF
directors. which will have as its other
members w. II. Stevens, d. G. Md
dleton. ID. NJ. Anderson and Roy X.
Ferguson, all Of Watertown.
The New York herald., 1921-11-26
Money Easier.

Call riorcy renewed at per cent
yesterday, but subsequently declined to
Az per cent, at which figure a large
supply was available at the closing. The
roal feature was a disposition OF at least
four banlrs to offer time loans more
freely at per cent. The demand was
limited, but the largest business In
ninety day maturity at 8 per cent In
considerable time wes contaminated.
The New York herald., 1921-11-26

The local reserve bank 10 loaning S10,-
100000 to other reserve bankA the In
crease for the week being s5,ooo.ooo,
which, taken in conjunction with the
increase in member bank borrowings Of
$17,600.000 as well as with an expansion
Of $s,460.0o0 in note circulation. ac-
counted for q slight falling off in reserve
ratios for the New York institution.
Total gold reserves for the week I'm
creased $2,000.0o0. AZ the same time
silver holdings fell OF $4.75o.oo0. Other
wise there was no feature in the New
York statement for tho week ended on
November 20.
The New York herald., 1921-11-26

Two holidays contributed to a shrink
age Of car loadings IN the week ended
on November -. Loadings aggregated
7b3.W6 cars. q decrease OF 1866 cars
from those OF the preceding week. ac-
cording to reports of the American
Railway Association. The figure rep
resented decreases Of 174,540 cars and
1858 cars. respectively. from tho totals
Of the corresponding 1870 and 1919 weeks.
The New York herald., 1921-11-26

Kuhn, Loeb & Co. announced yester-
day that the steamer Carnania. now on
fits way to New York. has on board
$500, 900 IN gold, and tho Albania, sail
ing to-day, Will have on board s2,370.-
600 In gold. making the total amount
imported by that firm this year s1A7,-
$4,000.
The New York herald., 1921-11-26
TWO ROADS SEEK BoND ISSUES.

wAsHiHGro:;, Nov. 25.--Tho New
York, Chicago and st. Louis Railroad
sought permission from the Interstate
conan:eree coyamissicn to-day 10 issue
The New York herald., 1921-11-26
CUSTOM HOUSE HECErPrs.

The receipts for duties by tho Custom
House yesterday were $S78,464.4s. OF
which s1T4.s36.6S was for merchandise
withdrawn from bonded warehouses and
tTos,s3o.7s. for rsccrt importations.
The New York herald., 1921-11-26

s4.o95,0oo por cent. bonds. 20 DO de-
posted with tho Railroad Adninistra-
ton as security FOR advances. The Du-
luth. 3iissabe and Northern eought a,i-
thority 70 Issue s1174,0 in now bonds
70 refund outstanding cbiisa lions.
The New York herald., 1921-11-26

sOcTH AMERICA.


New York funds IN Montreal. SeE .Q3, Pre-
ifeium q $1,000; Montreal funds In New vor;
$3.50 discount 1900.
The New York herald., 1921-11-26
WAN FINANCE corr. ADVANCES

WAsHISGroS, Nov. 25.--Approyol Of
eishty-five advances for agricultural and
livestock purposes. aggrcgating ss.147.-
000. was announced to-day ny the War
Firaacs Corporation. 4
The New York herald., 1921-11-26
MONEY MARKET.

FRIDAY. NOVEMBER g.
nigh. Years high.
Low............... 4H'Iear's iov-...... 81
TIME LOANS.
Mixed collateral, GO % 90 cays....... ~
Mixed collateral, 70 montis......... 80
rndustrials. 60 60 90 days. ya............... ~
In0uetrinls. 10 nlouths. hs............... 81,
COMMERCIAL PAPER.
Best rsmcs. 20 montiiH. iiH...........5
Other names, TO months........... ~
DISCOUNT RATES. RESERVE BANR,
Commercial paper si5 da,.n. AZ i: 90 "a %
Gnya. "a: Liberty bonds and Victory note.
is daya, as: 10 20 80 days, as; bankcrs
accfptances, 10 20 90 days. Az
sFixed November .. Previous rsts, TH.
fixed September 81.
OPIN MARKET RATES.
Gail loans on acceptance. .............. issg
Discount rates on prime bsnkera' accept.
ences eligible for purchase ~ Federal re.
serve Banks.
BIZ. Ask. ild.AsI
90 days.. iis az 90 days..... 4s a.
CLEARING HOUSE STATEMENT.
Clearing Hn,.s,s EXCHANGE. S5sf O0o OC0 .
hnlsness, f75,60c 900, Federal Reserve credit
nsisnocs- S5o.Dt>.no0.
sE:...tR afai,KET.
official bar silver In New York, dsuso,,ic.
Qgskc., up NC. foreign, 50Mc., i%c; Lon
don. 37ssd.. of 7sd.; Mexican dollars, 507se..
off fisc.
rhs range Of silver prices This year,
Highest. lowest.
ks~ .resgT gsl iisss Ssa ss5; Ss Z 5so 5'a asF nsF
The New York herald., 1921-11-26

sssac Despatch n THE
J. g, Noy.a
The New York herald., 1921-11-26

eros. r.v.nu. Rssssass ss
Maintenance Of way. .S.ss4.o52 2.1s1.2es
Transportat'n charges. 16.sts.e70 io,772,Si4
Net operating income.. 5.1S1.l20 si.li2,i2l
Gross rows. 10 months. zl8. .648.S75 $780,, ,48o
Net operating Income. so.0e6.20s ss5.655.55s
sIncrease.
Other railroad operating reports for
October were announced yesterday as
follows:
The New York herald., 1921-11-26
AWARE. LAoxAwANNA AND wEsr

Ealance ........,.... 81 .es9. .946 e1<,e7s.S 81 T.
sIncludes hire OF equipment and Joint facll
ity rents. less other Income,
The New York herald., 1921-11-26

IO1sn- High Low VLo.- ,ct.os.
The New York herald., 1921-11-26

vnYpAY. NovE1fnaE q.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-02-09
ELkS PLAN OVERALL DANCE
Men In Jeans and Women In Cling
hmm Only 10 be AllOWtsl on l'lOOr

Only men In ovcralls and women
In aprons will he permitted on the
dancing floor during the county fair
dance In the Elks home on Thursday
night. February II, according to an
announcement made Tuesday night
by Jack Geifand. chairman of the
Elks entertainment committee. This
will be the concluding social feature
OF the old year In Elkdom ms new
officers are soon To be elected.
The chairman says that there will
be many pleasing features In con-
noction with the dancing event
Comic invitations to members will be
issued. The man and the woman
clad in the funniest costume will
each DO given u prize, There will he
n special dance for the old people.
the music to be furnished by Ed
Grassland. Tulsas old time fiddler.
Refreshments will consist OF cider,
pop corn, apples and taffy. rho at
mosphere OF tho county fair will be
emphasized throughout oven to the
side shows with the fat man and fat
lady.
William West. exalted ruler and
Jack Gelfand viii lead the grand
march.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-02-09
CATCH BYRON BARNES
Man Believed to Have Robbed Billy
McNcai Captured In III paso;
TiIlsn officer DispatChcd

Byron Barnes. believed to be the
ringleader OF a trio who on August
II, last year, robbed Billy McNeal
OF si,0d5 In cash and diamond
valued at $3.50 has been arrested
at ri Paso. Texas on advice from
local police officials. according to j..
W. Patton, chief of detectives.
According to McNeal's story OF the
robbery 10 the police shortly after IL
happened, the police said yesterday.
Barnes approached him on the aft
ernoon In question telling him that
he could buy u carload of whisky for
$1,000. McNeal said that he drew
this amount from the bank and aC-
companied Barnes to n secluded spot
about three miles north OF the city.
Here two men accosted them. and
at the point OF guns took all of Nc
Meals valuables and then made him
run north and told Barnes to run
In the other direction. McNeal said
that he circled back to the scene OF
the robbery and there saw Barnes
and the two hl-jackers talking,
Later they all three got into "a car
which one OF the bandits had and
started towards Tulsa.
Harry Sanders. police detective.
left last night for Eel Paso. He Will
return early next week with Barnes.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-02-09
TULSA AGENTS TALK PAINT
WIN Prepare code of Ethic," for
Approval OF Manufacturer

Paint and the practices employed
In its sale by the agents of large
manufacturing companies were the
chief topics for discussion last night
at the regular meeting of members
OF tho Tulsa chapter OF the Purchas-
ing Agents association OF oklahoma.
G.. \. Thot~'sun os Bartlesville
was the principal speaker and the
meeting adopted resolutions which
direct q committee to prepare a
code Of ethics to be forwarded to
an association Of paint maEufactur-
ers as a suggestion which, It is be
lieved. Will establish. IL adopted, n
higher regard for the paint sales
man by The purchasing agent.
Freight rates were also discussed; I;
in this direction the purchasing
agents have arranged for d meeting
in tho near future with members OF
the Tulsa Traffic association in an
effort TO obtain more detailed infor-
nation as TO the justification Of
present rates. Lower freight rates
WI be sought ultimately through
this meeting. IL Is announced. John
r. Hadley presided.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-02-09
CARB0NNE:, DENNY
HERE TOMORROW
Middleweights Conclude
Training for Wednes-
days Bouts

Frank Carbonne and yo,,,
Denny, New YORK aud New Or.o,ns
m.ddleweights who next Nedra.JaY
night box - rounds I'm tho main
event Of n show at Convention b1i
are to conclude training u This,
with five or six days work Enth
men have agreed to be here Tlurs.
day and word received by Promote,
C,ilanan from Lew Diamond. man.
ager of Carbonne. Is to the .ffac,
thN Carbonnc will -e here tonight
oI"tumorrow morning.
A i0-round windur. IN addi.
ton to one or two other prelifus 4.
planned by Callahan. Jimmy Runv
and Jack Hurley may meet In the
seml- Windup.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-02-09
Has Staged Six Worlds
Championship Bouts
in One Year
PLANS FUTURE MILLS
All Champs TO Defend Titles
in Battles Promoted by
Daring Impressario
~ LARRY DALEY

T,N rIckard Is the greatest pro-
motor of boXinR IN history great
In many ways Rlcknrd has staged
moro important battlca than any one
man and more chnmpionHhip affairs
than any two men lie is square
dealing. daring and ncrvy promoter
respected oliko by fans prers and
tho members OF the boxing fratcr-
nifty
Richard staged the Jcffries-Iohn.
son fight al Reno. New There were
rumurs thrt the bout was framed
and Rickard. accompanied by the
governor Of Nevada. went to see
both hattlers. The governor warned
them tho results of attempting q
fake. Richard went him one better.
lie himself re.seed the Highland
no better safeguard against FAKE
wns needed.
Ihe Jcffries-J ] ohnson affair was
the most Spectacular ring battle up
To- that timo---but Richard since
then has continued his daring and
highly successful promoting.
Since the past year, Rlckard has
promoted six worlds championship
mills at Madison square garden. In
Guiding the Bronnan-Dempsey, Car
perticr Levlnsky. LOWS Britton,
Leonard -Welling. Leonard Mitchell
and Lynch Herman scraps.
Richard II planning 10 promote
bouts with champiens OF oil dlvisions
defending their titlcs-and In now
seeking 10 force Johnny Wilson and
johnny Kilbane. modest" middle
weight aud feathcrwoight champs,
into title battles.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-02-09
Britt0n, Despite Advanced
Age, Is a Great Champion

ny International News Service,
NEW YORK, Feb, s.-Youth will
be served-but not always
Jack Britton, SO years old, welter-
weight champion OF the world has
conclusively proven this fact today.
Smiling cynically at the handicap
OF ago, Britton conceded II years 20
Ted Lewis, his lusty rival, and gave
him y beating last night that was as
artistic AS It was decisive.
Greatest Crowd Secs Fight.
At the end OF Is rounds Madison
Square Garden shook with the
cheers OF the greatest crowd that has
attended n boxing contest there since
the walker law went into effect. as
the Judges awarded Britton the de-
cislon. Skilled "a n boxer, wiry and
fast maryelously fast for his age
tho champion left no doubt In the
minds OF tho crowd that the only
way in which Lewis could win
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-02-09

member Of tho "clrct fold. "Whrrr
th'rc ~ go much smoke thorc is cor.
tam TO be- fire" Therefore. IL would
Hr"m that ~ there lsu't an actual
hg'ccmcnt between the mat pro
m"tsrs and managers thcfc h some
sort OF an und"rsLnndlrg.
tyc, why would such ~ pr,at
nnd well known grnSsicr ~ Plies
tina he denied opportunity to meet
Champion Strnngior Lewis. Cad
dock or some Of the others? WI,
did 1cN Richaris challenge Of
Lewis In bchnif of ,I'lastinn and
Uffcr To award "a belt enibinmtiC Df
the worlds championship to the
runner az unh'tsicd by him of the
hnrculcnn strength?
y
~ -. simpson, ~. Louis man who
proposes To establish u gymnasium,
restaurant and general sports head
quarters here has a fine idea and ono
that should be successful In nddi-
tion to the gymnasium, which Will be
available for use by business men
and professional boxers and the
restaurant. q cabaret II n feature OF
simpsons proposed buainesa. Simp-
son is Ia have "a high class estab-
lishment he says or he has one at
alD and viii provide only the best
and cleanest entertainment possible.
=
There is great need for gym
nRslum here, one OF the greatest
difficulties faced by boxing pro-
motors Staging shows In Tulsa In IN
providing adequate training qua rters
for the scrnppcrs There are numer-
Gus business and professional men
here too who would he glad 10 avail
themselves of an opportunity To In
dulHe In some sort of athletic exer-
cise and thsn have n place In which
10 rest AN hour or 40.