davidaulloa/AmericanStories huggingface dataset:
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-23
Bond Market

Now York Oct 23.-Extreme
dullness pervaded the bond mar
ket today. Price changes were
small and in most cases without
Significance. Volume Of trading
was light.
Bid and asked quotations for the
more inactive securities were far
apart. Holders showed no inclin-
alton to sell at the market and
there was lack Of buying orders.
The latter feature was particularly
noticeable in the foreign list. Bids
on the board" were for small
amounts generally. Az far as ac-
tual transactions went, French
bonds for instance, sold around the
closing figures Of Saturday, but
sales in any large quantity would
undoubtedly have to be made at
concessions. The feeling Of uncer-
tainty with regard to conditions
abroad was widespread. The weak
ness in French exchange did not
help any.
Considerable interest attached to
a report that there has been some
hitch in the Missouri, Kansas, and
Texas organization plan. The sale
of the property scheduled for Oct.
16, was postponed pending approx
al Of the. Interstate Commerce COM
mission OF the plan. The reorgan-
izatiop managers stated they ex-
pected a hearing in the case this
week. The adjustment SIS selling
on when issued" basis were re-
dictionary today. Earnings Of the
road make a very good showing.
Denver and Rio Grande refunding
SIS, in which there has been con-
siderable activity of late. went up
again today. Norfolk and West
ern convertible IS also had an adj
vance in response to the strength
in the stock. Reports of divided
increase were heard in Wall Street
Railroad bonds which sustained
losses included West Shore As, St.
Louis Southwestern first As and
Western Pacific SIS.
Among industrial General Elec-
trio debenture SIS were strong.
Some activity was also shown in
U. S. Steel sinking fund SIS at frac-
tionally higher prices. American
Telephone and Telegraph collater-
al trust fives went higher but still
cold under 90 Chile Conner sizes
sold down half a point and then re-
covered. Westinghouse Electric
and Manufacturing rs got up to
1O8. Mexican Petroleum SIS made
new high.
In the government bond list,
during early trading, the old Az
issues were down a few points
while the 3h's and the new re-
funding AIS advanced.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-23
Street Features
~ STUART P. WEST
(CopgxigAA 1881
GENERAL AMERICAN TANK CAR

Earnings of the General Ameri-
can Tank Car company are report
ed running at the rate Of better
than $12 a share on the common
stock while the annual dividend is
only So. Many believe that an in
crease in the dividend rate cannot
be long delayed in view Of these
earnings.
ATLANTIC GULF.
The break in Atlantic Gulf today
was part Of an attack upon the
shipping stocks in general. The
immediate excuse for this raid was
the ruling by the federal district
court in favor of the governments
attitude ON the question Of carrying
of liquor on the ships. But the
larger cause for the weakness in
this class Of stocks is still the I'M
profitable condition existing in the
carrying trade as the result of the
over production of vessels during
war time. Atlantic Gulf will have
another deficit in 1922, but it will
be after liberal depreciation charges.
Some take the stand that the stocks
should be valued not on their pres
emit earnings position hut on their
cash position. Atlantic Gulf has
cash on hand of $3,500,000 COM
pared with a little over $4,000, 900
at the end OF 1921.
READING-JERSEY CENTRAL.
Another big jump in Jersey Cen
trail naturally invited attention to
the possibility of a melon cutting
as a part Of an amended program
for the dissolution Of the various
Reading properties. II also led to
fresh buying Of Reading stocks on
the theory that holders of these
would receive their share in any
Jersey Central distribution.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-23
Liue Stock
Chicago Livestock.

Chicago, Oct. 23.-Cattle, re-
ceipts, $4,000; market, slow, quail
ity fairly plain on native beef
steers, and yearlings: bulk being
short-fed; few early sales about
steady; undertone weak to lower on
all except choice and prime ma
tured beef steers and yearlings;
1850 bid on strictly choice Iowa
fed matured beef steers; bulk ma
tives of quality and condition to
sell at 9.50@11.75; she-stock and
bulls weak to lower; veal. calves
largely weak to 25c OFF; stockers
and feeders, about. steady; bulk
bologna bulls, 4.00@4.25 bulk stock
ers and feeders, 6.2507.50; bulk
vealers, early around 1O.50011.O0
to packers.
F, Hogs, receipts, $4,000; early mar
ket. 10c higher; packing sows,
steady strong; bulk $50 to 200
pound averages, 9.45@9.60; bulk
god 210 to 275 pound butchers, $50
@9.70 top, 9.75; bulk packing sows,
7.90@8.40; desirable pigs. mostly
9.25@9.35; heavy, 9.00@9.70; med
ium, 9.40@9.70; light, 9.35@9.6O;
light lights, 9.25@9.45; packing
sows, smooth. 8.00@S.75; packing
sows, rough, 7.50@S.10: killing
pigs, 9.15@9.40.
Sheep, receipts $1,000; fat lambs,
opening weak to S$c lower; early
top natices, 14.25 to packers; sew
eral choice loads unsold; held
higher; six cars choice Idaho
lambs, 14.50 with 500 out and five
doubles desirable Navada lambs,
14.35, with so out; feeders, steady
to strong; choice Idaho feeding
lambs, 1880; other early sales,
14.4O@A.5O; sheep. around steady.
H0(1N
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-23
TRADE IS
NERvOUs;c CORN
OPENS STRONG
{By the ConsolIdated Press

Chicago, Oct. 23.-There was lit
tie trade in the wheat market. The
market acted extremely nervous.
Trade in the December is gradual
ly giving out because Of the car
situation which makes sales hard
er except OF long wheat and at the
same time the buyer is always conf
fronted with a sudden influx Of
wheat which will entirely change
the situation. December acted
tight on short covering and the
lack Of offerings. The deferred fu-
lures were affected by the trend Of
the December but there was pres
sure on the May from the North
west early and later from Winni-
peg and this encouraged local pres
sure. Hard wheat premiums were
kc lower and red wheat NC high
er. Minneapolis premiums were 1c
to &c lower and Winnipeg unchang-
ed. Car situation is easing up as
indicated by the increase in the
primary movement. The South
west continues to tell of short
age Of rolling stock. however. Ca
bles were lower from Liverpool be-
cause of enlarged offers Of Mani
toba wheat. Export demand was
quiet but mills took moderate
amount. Beneficial rains fell all
over a big part of the winter wheat
territory Sunday. United States
visible supply increased 1,747,000
bushels last week.
Corn was strong early but the
market reacted little shortly be-
fore midday. There was a Slight
dip in opening values but this was
quickly recovered and then locals
bid up prices assisted by commits
sion house orders. There was a
slight betterment in cash corn
premiums at the start but before
midday premiums were full 1c off
from Saturdays low level. Re-
ceipts were heavier than estimated.
United States visible supply de-
creased 100000 bushels.
Provisions we're quiet but firm.
No features to the trade.
Wheat closed irregular, 1c high
er to sc lower; December. 1.11A
to 1.11%; May, 1.11h; July, 1.O4
to 1895.
Corn, closed unchanged to kc
higher; December, 66%c; May,
67h@67A @671sc, and July, 67Ac.
Oats we're Nc to &c higher; De-
cember, Al &c; May, 417sc TO 41A@
41Hc; July, 391ac.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-23
A Free
Booklet on
School Lunches
for All Readers
of THE ARGUS

Uncle Sam has issued o.
free booklet to aid mothers
and teachers in preparing
the right kind of food Tor
. school children.
The Argus is going to d
its share in this worthy and
necessary undertaking by -
curing a copy for everyom
who sends his name ald
address to our Washingtoa
Bureau.
1t is highly important to
give special care to this sub
ject because over one-fifth Of
the entire population Of me
United States is in daily II
tendance in the schools o.
the nation.
To have an apt pupil i Y
necessary to have a health!
one. The child who Is lea
correctly will think clearly
when he is grown.
Every mother and teacher
should write today for :
copy of this new bookies
which contains various bAiss
of fare for the basket luncns
suggestions as to the prop0
method of packing, and ~
cipes for sandwiches. COOK
les, salads, and sweets.
Fill out and mail the con
pom below, enclosing Two
cents in stamps for return
postage. Write your name
and address clearly. Be suie
to send your letter to VASE
ington, not to Rock lslana
Ill.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-23
TARRED AUTO TRACK
GIVES RACER SPEED

Milan.-The Italian system OF
tarring the surface of automobile
racing tracks, invented in 1901 by
a civil engineer, Guido Rimini, has
been described by Senator Silvio
Crespi, president of the Italian
Automobile club, as the best in ex-
istence from the point of view OF
the speed obtained.
During the Grand Prix of the
Automobile club of Italy, run re-
Gently at Monza. a driver reached
an average speed Of 80 miles an
hour in bad weather, while at
Strasbourg similar cars did not sur
pass so miles an hour under per-
feet conditions. The Monza track
had been treated in the Riminf
manner, while the other had not.
Signor Rimini builds his roads Of
cement and then applies q thick
layer Of tar.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-23
PRIME STEERS
STEADY HOGS
ARE STRONGER
(By the Consolidated Press.)

q. 8. Yards, Chicago, Oct a.
All branches OF the livestock trade
showed heavy runss today and, de-
mand lacked action from the start.
Some Improvement was noted in
the hog pens late in the season.
however. Less than 1000 hogs
were held over from last week.
One Of the seasons largest runs Of
western cattle arrived during the
day, the estimate being placed at
more than 10000.
Receipts were estimated $4,000
cattle. 5000 hogs, 81 900 sheep and
1000 calves.
CATTLE.
Prime steers were about steady,
but the trade lacked action: Me-
dunn and palmer sorts were down
Csc in most spots. Best steers were
quoted at 1925 to 1880. The total
cattle run was placed at the larg-
est figure since Nov. 10, 1920. Good
range steers son at 81 to $3.50.
Cows and heifers were weak to Csc
lower. Gamers held about steady,
best lots going at So to $40. Bulls
sold weak at Csc OF, with calves
showing a similar decline.
HOGS.
Medium weight butchers. were
stronger to dime higher, with
prime lots at 1915, but the other
trades were only strong. There
was a fair demand for light hogs.
but no gain was noted in values.
Most good packing hogs sold at
$8.25 to $8.75 on a strong market.
SHEEP.
Aged muttons were about steady,
good ewes going around 81. Feed
ing lambs at $14.40 to $14.50 for
prime lots were strong, but killers
showed a decline of Csc in many
spots. Choice lots were placed at
$14.25 to $14.50.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-23
C0IBINA1 TON
Of CAUSES IN
STOCKS BREAK
u sTUAEf T. WEN.


Wall 0treGt, New YMk, OF H.
srnaayss hreak On tAe stockF Il.
l...-A ..-,s - =. - 49, ;.
~ - A y
any one cause. out fasncr 70 , COM
binatton Of causes.
1ne ~ tbese ma thu furthsr ~.
49,. -. =. 1919
~ ~
chAnee, which directed astentlon
again In q rather unpleasant way
u thu uncertainty of rrauch
n n.n .sa. 49, ~ ssSA
~ ~ ~ ns.A.n. v. 49,
Mnaen "a. oeen not,ce.oso -
Exn.,, sIousn sue 40 N;..a.
,.,..ss s .ns an. In..S.
sI .1o - ~. 1.ssn, uuuDuD
wi! woe.eI ooc.use VI Iue eH
- . .ns,., " .ae . pSoen s, .p.sa .o.
80 80 s....SSnSo -. IS
nMols VI s.oeA ul.i1ehus nSH
VIZ ei.ae rp sa s,u.s VI oi's A"e
w n 0.' " Sno'e :. I'LL
..,s III =. . .nes1 Iauous IL %
MA! u.auve silust.vn coun.eu tne mVs@
Ing msnIpulation Oh nIkn p,lcea m
aus,rlai saales ouIins ne ias. lev
"ceAS nso a.aIu CUusel ss.Ive
sen.'neu. anu SUI ,ul.ueI aIen-
hteo PUBIC support. IN tueSe WAys
the Duyfng power, or Dettei tne re-
sistance "nicn tne market was
capable OF noiding 70 PROFESSIONAL
attack, nad Deen weakened. spec
uiators ior the deciine started IN
soon aller the opening tnis morn
ING 70 ma out just now Vulnerable
the market position mad become.
Iney began Dy oiIerlng GOWN tne
snippins s.ocks because VI tno
couIt oIuer upnoiolhs lug treasury
euHhs IN tue ilquo. transportation
Ease. l!ey pressed oown tne mo-
tor STOCKS WIN considerable vio-
renee, aitnouen tne.e was notnlns
70 warrant tnis outSide Oh the SLOW
uown when inc motor traoe a.
Ways unoerSoes ~ 'h's SEASON. Vi
tns year.
hncourageo by tne QUICK success
dlsalnec III ilhese oHections, the
ssuns movement was eAlenoeu un-
III IN Tue early a,terhooh' II DE-
came larry general.
these was not tne snsntest
grvunus LOT supposins that the
IaiI Ia STOCKS meant any cnange IN
opinion regarding the business out
look ior tne country OF tnat u was
uue 10 disappointment because the
recovery was not making Detter
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-23
Peoria Cash Grain.

Peoria, ILL.,, Oct. 23.-Corn: Re
ceipts, 104 cars; l to 2k cents
lower; No. l yellow, " cents; No.
2 yellow 71@72; No. 8 yellow,
70A; new, 68h; No. 4 yellow, 20
OIL; No. 6 yellow, IS; No. mixed,
u; No. 8 mixed, TOY.
Oats: Receipts. Is cars; I'M
changed; No. 2 white, A.
Wheat: Receipts, 5 cars.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-23
NORTH AMERICAN.

The directors Of the North Ameri-
can company win meet on Oct. 30,
but it Is doubtful that they will ACT
upon the dividend on the common
stock. The dividend meeting is
scheduled for some time in Novem-
Der. II Is understood that earnings
for the II months ended Sept. 80
wefe Substantially better than for
0e. Z4as snaeA aeg1 - 131l,
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-23
Chicago Produce.

Chicago, Oct. 23.-Butter, steady;
creamery extras, 45c; first, $50
S8h; extra firsts, 41@43h: Sec
onds, 3z@35; standards, 40X.
Eggs, higher; receipts, $3.50
cases; firsts, 3103S; ordinary
firsts, 2S030; miscellaneous, 500
IS; refrigerator extras, 2611; re-
frigerator firsts, 25Aa@26.
Poultry. alive. higher; fowls. IA
021; turkeys, IS; springs. 1sh;
ROSTERS, II.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-23
ANNouNcxxrNrs

7ANNOUNCEAENTA
deaths.
I'm Aemoriam.
3-Cards Of Thanks.
4-Eunersl Directors.
6-Cuneral Flowers.
60Ceuetery Lots. AonunWtA
7-Lo4ge Notices.
S-Comlng EventA.
9-Personals
lo--Lost and Found.
AUTOMOBlEA
A-Automobile Agencies.
tor Sale.
l2-Aut0 Trucks for Sale.
13-Auto Accessories-Parts.
14-Garage-Autos for Hire.
and Bicycles.
l7-WahteQ-Automobiles.
lo-Repairing-Service Stations.
BUHINESS SERVICE.
service Offered.
Observation-Disclosures.
2O-Cleaning. Dyelng. AeuovsttnG.
S1-DressE1aking-A
22-Aeating. Plumbing. kooans.
z3-lnsurancc.
24-LaundeElnE,
Moving. trucking. Storass.
Zo--Paanting--fapeE
-Printing-Engraving.
2s-Prctessional services.
zY--Kepairtng.
5O-TallorinS.
DIV Observation-Disclosures Sarvicn.
=, EMPLOYMENT.
S2-Help Wsnted-Eeusie,
S3--heIp Manted-Aals.
34--Help Wanted--Nale or reualA.
Observation-Disclosures
SS-Situatjens wanted-Yemaie.
si-Satuataons Wanted-1alo.
FINANCIAL.
S6CBudness Opportunities.
1S-lnvestments, Stocks, BQnAa.
4O-Aoney to Loan.
A-Wanted-To Borrov.
INSTRUCTION.
42@Corresponoence Coursso.
43-1ocal Instruction Glasses.
44-Nuaical. Dancing. Dramatic.
45-Pivate Instruction,
46-Wanted-lnstructaou.
LIVESTOCK.
47-Dogs. Cats. pets.
48-Horses. Cattle. Vehicles.
49-foulrry and SupplAoo.
SQ-Wanter-Liv0stoc
MERCHANDISE
61-Articles for Male.
61A-Barter and ExchAngo.
and odice EQuap0na
o3-Boats and Accessories.
o4-Buiiding Materials.
o5-Farm and Dairy Products.
So-tOel. Feed. fert1n1Q1p.
b7-Cood Things to Eat
6S-Home-Aad Things.
59-Aousehold Goods.
and Watches.
61-Aachinery and Tools.
Instrumente.
62A-Radio Equipment.
63@Seeds. Plants and FloWGA
1t the Stores.
60-WeAriuIs Apparel.
66-Wanted-To Buy.
ROOMS AND BOARD.
67-Rooms With Board.
6S-Rooms Without Bosrl,
69-Rooms for Housekeeptng
70-Vacation Plans.
71-Where to Eat.
72-Where to Stop In Town.
73-Wanted-Rooms or Board.
REAL ESTATE FOE RENT.
and Elats.
75-Business Placed for Rent.
76-Farms for Kent.
for Rent.
7S-OGice and Desk Room
for Re4l
60-Summer Pieces for Rent.
Rent.
REAL. ESTATE FOE BALE
In Zeal Estate.
Properly for Sale,
63-Farms and Land for Sale
for Sale.
85-Lots TOR SAC.
so-Resort Property for Sale.
87-Suburban for Sale.
Estate for EXCHANGE.
So-Wanted-Reai Estate.
AUCTIONS.
Sales.
Notice..
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-23
Peoria Livestock.

Z Peoria. ILL.,, Oct 23.--Hogs: re-
ce.pts 1000: 10 to Is cents high
err; top $50; lights S.75@9.40;
mediums 9.00Q9.50; heavies 1856
G9.50; packers 7.6008.75.
Cattle: receipts light; slow, top
on veals $50.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-23
Weather Forecast

Illinois: Fair tonight and Tues
day; somewhat colder tonight in
east and south portions; rising tenn
perature Tuesday; frost tonight.
Indiana:N Fair tonight and Tues
day; colder tonight; probably
frost; slowly rising temperature.
Wisconsin. Fair tonight and
Tuesday; rising temperature Tues
da y.
Iowa: Fair tonight and Tuesday;
warmer Tuesday and in extreme
west portion tonight.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-23
Horses and Mules.

Horses: Good to choice drafts,
$145@170; good eastern chunks,
$80@$115; choice southern horses,
$50@$70. Mules: 16 to II hands,
$175@$250; ISL to 1866 hands, $125
0200; IA to Is hands, $40@65.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-23

= A&4y 4aAA1e3 OA.7e
- ll1Ane xeuuo
1OCL FUkAlMt III
0aAoolDIkD Apvn1x110ee
indussA sssnAnsGspa - 1sU11l1lnu1
Aeeofd1ng -
xug nAaEL Z slGTxu SYuzz1G. No
PhilnA11phAA. p
An - - ssu1slGooA - 0ee u1eo8
eaaai1eattsa 80 . ~ seg1a0 49,
'Ss = s 'caf:.AssuuD aA4ns
nsIg - - ~ - s'ass =
cAsap o.
sls dsss ............. 9 e
Thss. aass ........... ,es g,
Ad1sssasi.e eedsesd II issseulae 49,
deus tAkse III 60 t0e tn11gt110 10:
70 - talas Ssr ~ thaa ssas . ~
Count I've syeragp vssds - ~ ~.
Charged - vlll b rees1vs1 ~ ~
ph.,ns s4d U paad q Ths Afgus o0M
within savea dags Aun ~ 1gse ~ 81
insertion caaA rats vii b allsvs4
Adj crdsesd 1oe tAsse - alx Aavo -
stoppsd bsfo.s sxptIataaa viN sei1 =
appeared ard aAtugemsat Da6D q ~ t11o
easnsa.
Rate pr hns 1w vhA1s 0sD - -
sanne ~ .ine Of type.
Speech. rass fos yearly adveraang 49,
PublisAsrs rssssvs ~ risAs y sdls q
reject any ciaastAsd advsetaa9g esov.
Telephoos ,. !. les andS - 1se .
Want Ad Tskar.
lsTANDAKDIzkD CI.Aasu1CA11oND
The following e1aa4Hcasieo hnadinG1
appear in this newspaper IN t1e nuDeEacal
efder here given. ciossly allied eiasa1car
lions being grouped togethse.
Tho individual ndVeettnoDnantD 0RD -
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-23
Grain
Chicago Cash Gram

CulcdXC S6.Sn TRAN
Chicago, Oct. %.
WHEAT.
No. 2 red, 1.17@1.17k.
No. l nard, 1.16.
No. 2 hard, 1.15@1.l6. !
No. 2 northern, 1.17h.
No. l dark northern, 1.19@1.2O1A
CORN.
No. 2 mixed, 70@71k.
No. 3 mixed, 69A @7ON.
No. 4 mixed, 69A @70A.
No. 2 yellow, 70A@71%.
Ne. 3 yellow, TOOTH.
No. 4 yellow, 69k@70h.
No. 2 white, 70A.
Ne. 3 white, 69A@70A.
No. 4 white, 69A@70A.
OATS.
No. 2 white, 42A@45.
No. 3 white, 41A@43k.
No. A white, 41k@42A.
OTHER GRAINS.
Rye: No. 2, .78A@.79A.
Barley: .60@.69.
Timothy seed: 5.50@6,50.
Glover seed: 15.00@2O.50.
Pork: nominal.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-23
NOTICE

To our Classified Patrons. We are
compelled TO close our classified
page At IL 80 =. m. instead Of II
noon.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-23

Mrs. Panlette Saludes is charged
with Staying Oscar Maftelliere, 81,
New York broker, who died after
she shot him five times because, she
says, he refused to wed her. Ger
trude Thompson inset, stenogra-
1heE. Witnessed the shooting.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-23

Tomorrow 1t this time many people
VIII have got what they want By reading
todays CLASSIFIED ads.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-23

A.. the news all the tims4The
Argus
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-23

AIRDALE PUP-Answers TO mama s11Gs
Reward. Call 4. l. 3943Y.
CAT-Yellow and black clouded N
white breast and feet. black spot neu1
left eye, In vicinity of 9th An. -
18th st. Finder call r. !. 3274
OVAL PLN-Gold with sets lost Sato19
at Masonic Temple or between there ~
Payne Flats. 3. l. 4477. Rewae4
The New York herald., 1922-02-01
TOPICS OF WALL STREET.
Stockholders Increase.

Tho number of stockholders OF the
General Motors Corporation and of the
American Smelling and Refining Com
pany has shown a sharp increase, ac-
cording to statements put out yesterday
by those organizations. The number OF
General Motors stockholders increased
in the final quarter of 1921 by 1867 to
new high total of 70.504. which repre-
sents an increase of 21,469 in the year.
OF the total, 4S.34S owned common
stock, 1881 owned per cent. debenture
stock, 10000, per cent. debenture
stock, and 3.275. 6 per cent preferred
stock. The American Smelling and Re-
filming Conpany's common stockholders
have incre ased since 1918 by 3,773, or
"a per cent, while during that period
the owners of its preferred shares have
increased 1894. or 21 per cent. The
average holding of common stock in
1918 was 153 shares. which compares
with the present average of seventy
eight shares. while the average holding
of preferred three years ago was fifty
five, against present figure of forty
three. The company's securities in 1921
were distributed among 7.779 common
and 11,ooa preferred stockholders.
The New York herald., 1922-02-01
NEW ENGINEERING CONCERN.
Public Service Production Co. VIII,
start Business To-day.

The Public Service Corporation OF
New Jersey announced yesterday tha,
tho Public Service Production Company
had been Incorporated and would begin
business to-day with 100000 In cash
capital. which represents che sale OF
1000 shares OF it's common stock et
800 share. The company has an
authorized Issue OF s5,000.00 OF s per
cent. preferred stock of 500 par value
Tho Public Service Corporation owns all
its common stock except its directors
qualifying shares.
The production company is an engi-
nccring concern. prepared 60 undertake
construction work for Government
agencies. public utilities and corporations
generally. II will be separately from the
Public Service Corporations operating
companies.
The New York herald., 1922-02-01
CRUDE OIL STOCK INCREASED
co.osV,ooo Barrcis Added I'm U. $.
I'm 1921. Reports to Survey Snx.

WASHINGTON. Jan. 31.-Production OF
petroleum in the United States In 1921
as Indicated by producing companies re-
ports TO the United States Geological
Survey. amounted to 469,639, 900 barrels,
which may be Increased. the Survey
said to-day. by reports on quantity con-
sumed on leases for fuel Stocks OF
crude oil increased 6O.5s9.o00 barrels
during the year. the reports said.
California and Oklahoma produced n
record output OF approximately 114.0o0,-
600 barrels each last year. and Texas
more than 100000 barrels. Texas
took first rank among producing States
In December, largely as a result OF
developments at Mexia.
The New York herald., 1922-02-01
QUITS UTILITY COMMISSION.
John j. Tracey Hands Rcsignatiop
to Gov. Edwards.

Gov. Edward ]. Edwards OF New Jersey
received yesterday the resignation OF
John J. Tracey Of Jersey City as presi-
dent OF the New Jersey Board OF Public
Utility Commissioners. n is understood
tho resignation will be accepted Mr.
Tracey explained that he accepted the
appointment from Gov. Edwards year
ago to aid In N,e reorganization OF the
board and that now. feeling he had
discharged his duties In that respect, he
desired to return TO his law practice.
The position pays $4,000 year
Elmer II. Geran, United States Attorney
is mentioned as the probable successor.