davidaulloa/AmericanStories huggingface dataset:
Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1921-01-15
Richmond Daily Register
:. ,M. sAuFLEY. Editor nas Proprietor
Snbscrintinr Ra1c
Political Announcements

The Daily Register is authorized te,
nounce the following candidates for
FOR CIRCUIT CLERK
JAMES w. wAeis;l:S
FOR SHIsRlEF
VAN BENTON
FOR JAlI.EIt
SAM HUNTER
CHAS. s. IsOfH3{S
FOR WAfuIt
ROBERT GOLDEN
FDT CITY 4gvrSNNET
EcUGEN r AsOYNAIiAN
FOL: CHIEF nF POLlCE
CLAUDE DEVO8E
JAMES =. POTTS
For Councilman
REED JUETT
FOR TAX COMMISSIONER
BEN II. POWELL.
CRAS. NJ. s{yAHTIN
For County Attorney
JOE T.. CHENAU1.T
FOR COUNTY CLERK
RICHARD q. IOBERLX
subject to the action d the Democratic
nartv
South Bend news-times., 1921-02-26
BUCHANAN

Arnold S. webb is in Detroit or
business
Supt OF schools B. f. Eggert en-
tertained the members OF the senior
class of the high school az his home
on Terre Coupe road Wednesday
evening. Luncheon was served.
The first Of n series Of dancing
lessons 20 be given by Prof Charles
@ Gates was given in Rough's hall
Tuesday evening.
Ed stevens was in Niles on bust
ness wednesday.
c. r. Pears was IN Chicago on
business Tuesday afternoon.
At the citizens caucus held in
the council rooms Friday evening
the following village officers were
nominated: +. 3. Ross, mayor. Miss
Georgia Wilcox. clerk; Mrs. Florence
Chubb, treasurer; Charles ". Mat.
thews. assessor. Wilson I>eiter. Clar-
ance Runner, and Frank Habicht.
councnmen
Mrs. G. J. Melvin. who has been
III during the last week, is lmarov-
ing.
Re-decorating and repaEing are
the changes which the primary
room Of the NJ. T. church is under
going this week
Mrs. George Bird has returned
from Benton Harbor where she re-
Gently went because of the serious
illness Of her sister Mrs. Ben Da-
vies.
Mr.. and Mr.. Stults are the parents
OF a baby son. born FEB. 20
Mrs. Harry Berry is on the sick
list
Mr.. and Mrs. Harry Beck have
returned from Miami. Fla where
they have been for five weeks.
Miss Grace EnlS entertained the
members Of TIE Westminster Guild
at the home OF NIyra Andlauer. sat
Urday evening.
Miss Elsie, Clark. a student at the
Western state Normal at KalaTna-
zoo wa home over sunday.
The go" club met at the home
OF Mrs. J. j. Richards Monday aft
ernoon. Mrs. Llyod Sands save a
very interesting review Of the book:
''The Little Warrior" The annual
election OF club officers will take
place at the meeting, Feb. 28. at the
home Of Mrs. Charles Boyle on
/ Front St
The '-sutsus'' club dance wall be
held in Rough's hall Thursday even
ing, instead OF "Wednesday evening.
March 2.
HaF0rd smith has returned from
Toledo, O.; where he has been work
/ ing during the past few months.
Osmond Schriver entertained at 4
theater party IN South Bend We'd
ncsday evening.
! Rev James Brown OF Marion. o..
! visited a. 3. Garfield and family
over Sunday.
T. y. Childs has returned from a
brief visit in Oxford. o.
/ Mr.. and Mrs. Rex Lamb OF St
/ Joseph were in Buchanan sunday.
Mrs. II. E Squier OF Decatur,
I Mich. - visiting her daughter, Mrs.
c. .. HAMILTON. this week.
Funeral services Tor Richard J..
| Shreve. who died Monday. were
held az the Shreve residence Wed
nesday m0rniug- Interment was
made In Greenwood cemetery at
Michigan CITY.
South Bend news-times., 1921-02-26
WILL DECIDE Rail
WACE CASE MONDAY
By International News servlee:

By International News Service:
CHICAGO, Feb Z5--Decision BY
the United States railway labor
board in the case OF the Erie rail-
way. which continued 20 enforce
wage reductions against the boards
order. viii be handed down on Non
day next. 4 wac announced Friday
Board members inumated that the
strict letter Of the transportation act
would be adhered TO and she road
requested 20 arrange a conference
between executives and employees be-
fore the board can assume 5urisdic-
zion.
The board TO date has received no
petitions from Atty. Frank p. Walsh.
representing the unions. with regard
TO jurisdiotionsl questions as had
been reported IN news dispatches.
The board inimated. however. &c
would take a decided stand on these
questions before March 10.
South Bend news-times., 1921-02-26
Export Business Rallies
Windy City Wheat Market
Dy Associated Pic:

By Associated Press:
CHICAGO. Feb. 25-Export busi-
ness. together with some invest
ment buying. rallied the wheat
market Friday after there had heen
fresh declines. The close was
strong at the same as Thursday 3
finish TO IA higher. with March
S1.67h 70 S1.S7% and May S1.57A
20 SIS. Corn gained 4 a = TO 1ci
oats u 10 &c, and provisions II
20 4Oc.
Wheat bulls obtained the advan-
tage in the last half hour Of the
session. Previous 10 that time the
market had been depressed by con-
tinued selling that was mainly as
cribed 10 bearish aspects on the in
dustriaI outlook.
Gossip that the government re-
South Bend news-times., 1921-02-26

adviccs told OF a further revival in
the textile and leather trades.
Transportation conditions were
unchanged, prospects indicating
further curtailment OF employment
on the larger systems
Stocks Improve.
Stocks manifested every disposi-
ton 10 improve IN the last hour on
call moneys decline 10 six percent
but the list became unsettled just
before the close, when heavy selling
Of Vanadium and ReplOgle Steeis
and Str0mberg CarbureatOr set In.
Those issues suffered extreme de-
clines of 9 IL 10 "a points before
supporting orders IN Vanadilrm and
Replogle effected partial recover1es.
Stromb berg was without support.
however. making a net loss OF five
points. Sales amounted 10 500, 900
shares.
Dealings IN bonds were larger
than at any previous session OF the
week, but the increased activity was
mainly at the expense of values.
Liberty bonds were irregular. though
South Bend news-times., 1921-02-26
TEXAS NTR4STATE
RATES IRE RAISED

WASHINGTON. Feb. 25. - Texas
intrs-state rates. fares and charges.
were ordered increased Friday by the
interstate commerce comrnl lssion. ef-
fective April 2. TO the level OF inter
state rates. The existing state rates
were held 20 be untustly discrimin-
atory against interstate commerce.
The higher rates established By the
commission win give 70 the carriers
an estimated increase IN revenue OF
$1,000, 600 on intra-state travel.
South Bend news-times., 1921-02-26
MARKETS
CHICAGO LIVE STOCK.


By T. 5. Bureau OF Markets.
CHICAGO. Feb. 25.-HOGS-Bec Becelpts
-. .OC0. market steady: bulk, Se.409lO-.s9
top, S1O55; heavyweight, Ss.408lVaO
light lights. SlOlJGl0 IS; heavy packing
sows, smooth, s. +Ou9.e5; packing sows
rough, SSdS. 10; pigs, sea 90.
CATTLE Receipts, 5000; market gen
orally steady; beef steers, medium ana
heavy weight S1O.25d lilo; choice anu
prime, SSG5G10.25; light weight, SS-5od
1895 good and choice S1.1JtQ9-J0; con-
mon and medium, S575G9.5J; butcher
cattle, heifers, S4.50QS; COWS, S4oGG1 :
bulls. S225d45O; Gamers and cutters,
cows and heiferst S4G5.to; canner steer $
SlOd13.25; veal calves, light and handy
weight, 81 25q9. feeder steers S5GS.5
stOcker steers, 81 25G625-
SHEEP-ReCeipts, 5000 market, %5-9Yc
up. lambs, 81 lbs down. S9.5Odll--0
lambs, s. lbs. up $9d11 lambs, culls and
common. S7.2j0tS.TJ; yearling wether 3
N.5OMg.5O ewes. S5.J0dT.25; ewes, cuils
and common, $2JOd46O; feeder lambs,
$G20d $50.
South Bend news-times., 1921-02-26
CHICAGO PRODUCE.

CHICAGO. Feb. 2j-BCTTER-Re
ceipts, 3.263 tubs; creamery, extra, dc
1rsts, 4064913c; packing stock. 1401Sc.
EG<%S-ReCeipts, 13,67S cases; current
receipts, 311zd33l5c; arsts. 33A d34c
checks. 29H30
CHEESE-Twins, new. 3O631c: Dais-
les. 27N2Si5c; Young Americas, 2GT2GI4 c
LOnghOrns. 27dZ7Ac; brick. 21l1c
LIVE POULTRY-Turkeys 43c; chick
ems, 2S15c; springs, SOC; rOosters, pc
geese. 24c; ducks, 36c
POTATOES-Receipts, 70 cars; none
quoted.
South Bend news-times., 1921-02-26

port on farm reserves on March 1
would Irove 10 be against the buy
ing side tended also weaken the
market.
Corn and oats rallied with wheat.
Smallness Of rural offerings OF corn
attracted a good deal OF notice.
South Bend news-times., 1921-02-26
EAST BUFFALO LIVE STOCK.

EAST BUFFALO, y. Y Feb. 25.-CAT-
TLE-Receipts. $40 head market active /;
shipping steers, $S.50d9; butcher grades.
S75OaST5; heifers, S550d7.T5; COWS,
s250Gp8.5O; bulls, S45OG0jO; feeders, -
Q6J0; milk COWS and springers, S40d
10
CALVES-Recelpts, 1,6O0: market ac-
tive; Gull TO choice. S5N1G.
SHEEP AND LAMBS-Receipts 5000 :
market active. choice lambs 10J0Hf1 /.
cul Ito fair. S7.JOG1O25; yearNngs. $I@
$50; sheep, S4d7.5O.
HOGS-Receipts. 6,4OO; market active (;
Workers, S11 .: pigs, S11 %: mixed. S1075
Gl11.25; heavy. $40 2JG'lOTJ: roughs, S7.75
as; stays, $5.J0G0
South Bend news-times., 1921-02-26
PITrsRuRG LIVE STOCK.

PITTSBURG, Pa. Feb. 25-CATTLE-
S9.5OQ9.I5; good, $S.75d9 50; tidy butch
ers, $S.50g9 fair, $1GS; common, S14Si :
common TO good TAT bulls. S9M4: common
10 good fat COWS, S5d6J0; heifers, $tqs :
fresh COWS and spriugers. St0012O; veal
calves, % head steady 20 strong Sl0.
SHEEP AND LAMBS-Supply 100
head: market steady; prime wethers,
$3.50; good mixed. S4sd0; faiv mixed -
al, culls and common, $203; lambs
steady, Sl1.
HOGS Receipts, 1000 head market
25c higher; prime heavy hogs, S0.5O9s. ~ {;
mediums, $11Gp11.l5; heavy Workers, S119
GILES; roughs, SI@S; staes. S4aS.
South Bend news-times., 1921-02-26
CHICAGO CASH GRAIN.

CHICAGO. Feb. 25.-WHEAT
red, SITS; No. red. S1.76; No . hard,
SHY; No. spring. S159
CORN-No. . yellow, &C, No. , yellow,
GA. d65c No. 4 yellow. 61d62l2c; No. .
white, 61c: No. white, 63-sQG4izc; No.
+ white 61M63c.
4Ssi @e44l4c; No. 3 white. 42G i4c; No. 4
white. 4212c.
South Bend news-times., 1921-02-26

INDIANAPOLIS, Feb. 25.-HOGS-Re-
ceipts, 5000; market steady: top. $1,000
Eeavies, S9.5Od9. 10. lights. S1O5OGlO75
pigs, S9.25@lO25; bulk, S19d1O.JO.
CATTLE-Receipts, 1000: market
steady to strong; choice heavies $3.50
80; lights, $685.; heifcrs, Sjd65O
cows, S3dG.5O; bulls, S3dG5O; calves, Sc
ala.
SHEEP Receipts, 200; market strong
prime sheep. $1G4 30; lambs, $jds.
South Bend news-times., 1921-02-26
MARKET CONDITION
BETTER IN GOTHAM
Stock Values Show Moderate
Improvement After Long
Slump.

NJ Associated Press
NEW YORK. Feb. %. 80 Condi-
tions IN the stock market Friday de-
noted Improvement in the sense that
offerinngs Of representatives shares
diminished visibly This was neU-
traiized. however. by renewed pres
sure against many Of the volatile
or speculative issuea
News dealing with the general in
dustrial situation was more hopeful.
Detroit reported q marked increase
tn the working forces OF the automo
bile companies. and New England
South Bend news-times., 1921-02-26

fractions and the Information group.
Total sales CPar value) SIS, ,275.ooo.
South Bend news-times., 1921-02-26

Sinclair oil .....2 23ss
sugar ..s..ss... .%s.ssssssss - =
Tobacco Products --..- 50 =
AeAdS OlA s.s.-..ssssss. II -
Texas and Pacific .. 242
Union Pacific 1909
L. 5. steel Common ....... S31s
L. S. Steel Pfd. ..1ioa =
L. 5. Food Corp. ..-....... 2S
Utah Copper ----. 50h
Vanadium Steel ...-. SO
Virginia-Carolina Chemical 35 =
Wabash A .......... 21
Wheeling and Lake Erie 80. 81
WHY'S Overland ... -
Western Union .----....- S7il
Wool ............--. s37s
WESTINGHOUSE .-- IS
Replogle -......-.... "a
Liberty bonds-3A percent-sl.-
OS; first ~ 's-S6s6; second ~ e
$40: third 4A's-Ss.s2; fourth
414's-s6.56: fifth 4H's-s7.44.
South Bend news-times., 1921-02-26
CHICAGO GRAIN AND PROVISION.

Our present production OF hydro
electric power is roughly equivalent
to 10000, 900 tons Of coal.
South Bend news-times., 1921-02-26

John Parker, the tailor, new 10
cation. 216 W. Washington av.
1852 q
South Bend news-times., 1921-02-26
STOCK MARKET SELLING
PRICES At 1::3O P. N.

NEW YORK, Feb. 25.-Last quo
tations on the stock exchange az
f.S0 o. m today were
The New York herald., 1921-07-28
AMERICAN CREDITS SOUGHT.
Bank Sees Possibilities of Aid to
Trade OF United states.

American credits continue to be sought
from every side that purchases OF Amer
ican wheat, copper. cotton, Steel and
other products may be made, according
to the monthly letter OF the Mechanics
and Metals National Bank of New York.
The bank says that the machinery to-
extend long term American credits where
they are most desired is still lacking.
but II sees direct service In the inter-
est of American trade through the nego-
tiation of short term credits. Discussing
that point the bank says In part:
Acceptance credits and similar ad-
vances made to German and other foreign
interests are not likely of themselves
to be of sufficient volume to bring about
any decided revival in our expert trade
or to relieve our producers OF more than
a moderate portion of their accumulated
surplusage. But they offer positive
sign that.points in a favorable direction
end indicate that American business and
finance are alive to the opportunities OF
the foreign markets"
The New York herald., 1921-07-28
EQUITY BILLS AILEGE FRAUD.
Stockh olders of II. ". Greene Co.
Subsidiaries File Ten.

BosToN, July 27.-The number of bills
in equity filed in the Superior Court by
purchasers OF stock In the subsidiary
companies OF the Fl. " Greene Company
Inc. the Commercial Finance Corpora
ton. the Mutual Finance Corporation
and the First Peoples Trust Company
was brought to-day TO ten. The bills are
returnabe on September s.
In every case the plaintiffs allege that
they were induced fraudulently to pur-
chase shares in the three promoting
companies, Of which the Greene COM
pany was the fiscal agent. after repre-
ecntatives had told them that the COM
panies were banks or organized as
banks That the shares were readily
convertible into money is alleged to have
been an inducement for persons to go
into the enterprises. The bills allege
that the investors are threatened with
loss because the companies assets are
impaired.
Denial that the First Peoples Trust
Company has been guilty of mismanage-
ment or Misrepresentation was made
to-day by It's president. J. Henry Neal.
He declared that the company was per-
fectly solvent.
1.-THE relations of the First Peoples
Trust with the Fl. W Greene Company
are simply those of broker to principal
he stated. THE H. v. Greene Company
has a contract for the sale Of stock on a
commission. With regard to the charges
Of conspiracy and misrepresentation, in
asmuch as the First Peoples Trust did
not sell its own stock there can be no
basis for such charges against us.
The New York herald., 1921-07-28
LUCIAN A. EDDY, JR., ELECTED
Is Selected ms Vfce-President OF
Equitable Trust Company.

The board of trustees of the Equitable
Trust Company appointed yesterday AZ
its ce-president Lucian A. Eddy. Jr..
a son of the former president Of the
Merchants National Bank OF Syracuse
and who has been manager OF the COM
mercial paper and acceptance depart
msnt of Elkins. Morris & Co. OF Phild-
delphYa. Mr.. Eddy will assume his
duties as chief executive officer OF tho
Madison avenue Office OF the Equitable
on August 1.
ganlzation are as follows A. Seton
Post. manager; Roland =. Jackson. as
sistant secretary: Charles A. Fisher as
sistant manager. and Il. q. Pratchett,
assistant manager of the foreign de-
partment.
The New York herald., 1921-07-28
WAR FINANCE HAS BIG CREDIT
Cash with u. $. Treasurer Totals
s403,s27,771.

WASHINGTON, July PIN n state
ment of It's financial condition Issued
to-day the War Finance Corporation
showed cash credit with the United
States Treasurer of $4o3,s27,771.2s. Out
standing loans amounted to s99,s03,-
s39.s9. Of which s65.s56.479.53 repro
sented loans made under its war powers.
Outstanding loans under export finance
authority totalled 4,047.35s.so. Total
loans heretofore made aggregated $685.
5s6.o4e.5S. while repayments aggregated
so5s.6s2.210.1s.
While the s4oo.ooo.OoO credit with the
Treasurer would be available for pay
ments to the railroads in the event of
the passage of legislation suggested 10
Congress by President Harding. corpora
ton officials declared II probably would
not be considered advisable to withdraw
the whole sum from the Treasury.
The New York herald., 1921-07-28
STOCK RETURNS DUE JULY 80.
All Capital Reports Must he Filed
Not Later Than Saturday.

William H. Edwards. collector of in
ternal revenue for Manhattan. an
nounced yesterday that all capital stock
returns must be filed on or before
July 80.
Returns are required Of every domestic
corporation regardless of the p4r value
Of it's capital stock and Of every foreign
corporation. irrespective of the amount
of capital employed In the transaction OF
it's business in the United States. Ger
tain business enterprises. such as per-
sonal service corporations. are exempt
from that tax, but all of them arc re-
quired to file returns.
The penalty for failure to file a re-
turn within the time prescribed Is an
added assessment of 25 per cent. of the
amount of tax due. In addition to q
fine Of not more that $1,000 for wilful
refusal to make a return, wilful evasion
of the tax, wilful refusal to supply in
formation requested by the Commits
sioner OF Internal Revenue or attempting
in any way TO evade the tax and to pay
when due the penalty Is fine of not
more than $4,000. or Imprisonment for
not more than one year or both.
The New York herald., 1921-07-28
u. S. STEEL CUTS PAY
or ORE MINERS AGAIN
Prices Continue DownUard,
Stimulating Market.

The United States Steel Corporation
has made a second reduction in wages
at its Lake Superior ore mines, effective
August J., according to the Iron Age IN
its weekly review OF the steel indus
try. The new cut amounts to 10 per
cent, whereas the reduction on May 10
was 20 per cent. The corporation will
also curtail further its mining opera
tions. the review adds, and at all Lake
Superior mines the outlook for winter
work is said to have grown more un-
favorable. as pig iron production has
declined
Further settling Of steel prices has
come In the last week." the review con-
tinues, ''and in some products the down.
ward movement has been rapid.
THAT the Steel Corporations earnings
for the second quarter were better than
most predictions is ascribed In part TO its
unique advantage In railroad ownership
and the fact that for nearly all the
second quarter Chicago business was
done on the Pittsburgh base. Lake
navigation and cement earnings were
also a factor.
THE Central West has developed the
week. In semi-flnished steel the new
level is about SO ton below what has
been considered the market Sheet bars
have sold at $50. Pittsburgh, as against
$35. A Cleveland inquiry for 2.500 tons
Of slabs has brought out some low
quotations. On rerolling billets, $50
Pittsburgh is now the market, and s35
for forging billets. both down So"
The iron Trade Repiew says:
Price movements In the iron and
steel market have been 80 rapid and
apparently contradictory the last week
that they have left in doubt a true
trading basis In various products. Action
by independent mills July 81 adopting
new open schedules SO ton lower In
plates, shapes. bars, semi-finished ma
terial and S. lower in sheets again
proved largely formality. since these
levels are higher than those previously
made freely on desirable tonnage In
some cases prices have been cut so low
as to indicate some Generalization. The
Steel Corporation continues it's policy
of meeting lower prices named by indie
pendents.
"Erratic price conditions have stimu-
lated buyers interest rather than
otherwise.
Lowest prices in plain and fabri-
Gated materials in over five years
have come out In connection with 1880
tons for the Ohio State University
stadium, Columbus. This contract went
to Mount Vernon. Ohio, shop at ap-
proximately $69.5o ton erected. This
fabricator is now in the market for
about 1000 tons Of plain material upon
which quotations of 1.60 cents, Pitts
burgh were received.
1.-The Iron Trade RevteD's composite
market average this week Is 1859,
compared with s37.e5 last week.
s3S.61 two weeks ago and s41.S7 for
all June. The high market point OF all
time was 5000 in August. 1917.
Better feeling characterized the
pig iron market. A leading castiron
pipe maker has purchased 10000 tons
in the East for two plants"
The New York herald., 1921-07-28
N. Y. CENTRAL PICKS UP.
Reports Net Operating Income OF
SS,674,843 in June.

The New York Central's report to the
Interstate Commerce Commission OF the
result Of it's operations in June shows
not operating income after expenses,
taxes and adjustments for Joint facllity
rents of $B,674,643 against S6,923,353 in
net operating deficit in June. 1920. Its
gross receipts aggregated in June s27.-
sss,455 against s29,ss5,e11 In June.
1920.
In the first half of 1920 the Central
saved s17,2O4.1s4 net operating income
out of gross revenues of s157,526,612 In
contrast to s3.s26,733 In net operating
deficit and s163.os2,73s in gross receipts
In the corresponding six months OF 1920.
other railroad reports for June an
nnuncad yesterday were as follows:
The New York herald., 1921-07-28
BIG DECLINE IN MEAT SHOWN.
Drop In Wholesale Value Ii
s3OO, 900 900 in year.

CHICAGO, July 22.--An analysis OF
official figures issued to-day by the In
stitute OF American Meat Packers says
Total exports of meat products In
the twelve months ended juno 40
amounted 20 i,ee7,o5o,s42 pounds, worth
s3l4.649.660 ms compared with 2.066.-
es5,sss pounds worth s5s4.s79.166 for
the same period In 1890 This decline in
value OF nearly 5000. 900 reflects
graphically the decline in Wholesale
meat prices.
Exports for June. 1921. compared
with June last year, shrunk only IL per
cent. In quantity. but the value declined
more than hs.." 1y
The New York herald., 1921-07-28
HARE'S MOTORS is
TO Be DISSOLVED
Companies Making Mercer,
Simplex and Locomobile
Cars to Be Separated.

That Hare's Motors. a corporation
formed more than year ago to take
over the mana cement and operation of
the companies making three high priced
automobiles. the Mercer, the Simplex and
the Locomobiie, is to be dissolved and
the companies manufacturing those cars
are to operate once more as separate
units was learned yesterday In connec-
ton with the announcement OF reor-
ganization of the Mercer Motors Cop-
pany. Every effort is to be made to put
the Mercer Motors Company and the Lo-
comobile Company In a strong position.
The Simplex Automobile Company is
owned by Mercer Motors.
No definite plan has been worked out
for the Locomobile reorganization. Its
banking and merchandise creditors have
been extending for several months their
claims against the company, Ana it was
said yesterday that in all f@Joability
they would consent to further extern
sions.
In the case of Mercer, however, a
definite reorganization plan Is under
stood to have been worked out. Under
that plan all contracts and options with
Hare's Motors are to be cancelled and an
effort to put the Mercer Company on
commercitl production basis of thirty cars
a month this year and twice that num-
Der next year will be made. For It's I'm
mediate working-capital under the pres
ent plan 100000 of It's first mortgage
bonds have been sold contingent on the
issuance OF s2,Ooo.o0o Of its 7 per cent.
collateral notes, which banking and
merchandise creditors will be asked to
accept to the extent of 80 per cent. Of
their claims II that plan be assented
to by the creditors they will receive 20
per cent. OF their claims Immediately
and another per cent. before the end
OF this year. The notes will be secured
by the assets of the Simplex Automobile
Company and half Of the Mercer Com
pany's net earnings will be trusteed for
the benefit Of its creditors.
The New York herald., 1921-07-28
CE.ARROW SHOWS LOSS.
Reports Deficit of &1.4OO.5o0 for
Second 1921 Quarter.

The Pierce Arrow Motor Car Company
reports for the second quarter OF this
year deficit. after charges and taxes. OF
$1.4oo.550. according to figures. made
public yesterday. That amount con-
trasts with a deficit of S%s9.502 in the
preceding quarter and with surplus OF
s705,779 in the corresponding 1920 quar-
ter. For the first six months OF 1921.
the company reported deficit OF
s1,s90.052 in contrast to surplus OF
SI423,044 in the first half of 1920.
The company's operating loss for the
quarter was sS2s,S66, and its interest
charges, Federal taxes SC. in that
period, s571,6S In the six months its
operating loss, after expenses. main
.enance and depreciation. was s9ss.0e0.
and its interest charges and taxes $500
o92