davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-12-21
Nol caIIed Rel.re Matahty

ouss,ion-wili you kindly advice ne o.
regard 20 sn investment made some ums
ss,.n o cos ssisss comtasy ' y SsSsr. 2ia S' Be-
cent, ten years ago. when they we're Issued.
They are duo February l. ii11. UNDER
stood when eeush, thfm thsy ~esia y
shall receive ti.oi9 Fsbrusry ~ sise
have ten shores u capital STOCK, toygn.
AZ t6. DO you think ] had bftier dispose
% this sioeA and buy bonds OF e9ome Eeoa
the coal companies are rot haying vs,y
smooth ealing just noNi All TIE bonds
l hold ara good. aa have sssn them rec
',asS'l y TsS Tl,bSns 10 ut 4 Soid tMS o. ikrss
stocks shall have 10 walt for Shus -
como back, but don't vant any mofei
Would you advise me 20 hold ths tiel9 =
guary. or ell nov ana buy soms othsr
that VII Be secure AZ about the sans ratsf
Miss ~. J. e.
Answer--You viii receive 5000 ssd
accrued interest when your bond is ro-
tired February /. The Consolldatiop
Coal Company would have paid 5000
per $1,000 bond II the issue had been
called for redemption prior 70 maturity.
Your Consolidation common stock -
now selling close 10 par and IL re-
garded as O rather sound stock. hayihs
a long dividend record. You say tho
coal companies arc not having smooth
sailing. We know that tho consuming
public is not having smooth sailing
and IL stands 10 reason that some one
somewhere along the line between the
mine pits and the coal bin. - making
money. We have not heard or ahy
producing companies going bankrurs
lately, but on the other hand have nc.
sleed, as you undoubtedly hays. tha;
dividends are growing rathsr thsA
shrinking. We cannot Judge fron!!
what information you have furnlshed
on your financial position whetheF
common stocks are the kind Of seeuri'
ties for you 10 hold. II they are we
sec no reason for disposlng Of Cor-
solldation Coal common. Strictly from
an Investment viewpoint, however,
your position would be stronger u yoa
held good bonds instead Of stocks
New-York tribune., 1922-12-21
Brier Hill Board FavOrs
Sale to Sheet and Tube
Youngstown TO Give One Share
for Four, Stocks { Both
Make Cain

YOUNGSTOWN, Ohio, Dec. 20.-Di-
rectors Of the Brier Hill Steel Company
at a meeting to-day decided 20 recon-.
mend TO stockholders the purchase
Of the companys properties by the
youngstown Sheet and Tube Company,
probability Of which was announced
yesterday By James A. Campbell, presi-
dent OF the latter concern.
The combination is 10 be effected By
the exchange Of one share Of Sheet
and Tube common stock for four shares
OF Brior Hin common. The S5,000y0O0
Of Brier Hill preferred stock either
will bo retired az 100 or traded for
Sheet and Tube preferred, share FOR
share.
The enlarged Sheet and Tube prop
erty will be the largest independent
company In the country, with the ex-
ceptlon Of the Bethlehem Steel Cor
portation. II will have pig iron ca
paelty OF 100000 tons annually and
steel production Of 100000 tons, with
facilities FOR making practically full
line Of finished steel products:
The book value Of the combination
viii be approximately {lso,ooo,ooo.
New-York tribune., 1922-12-21
Many Retailers Feel That
New Year Will Bring Few
Changes in Quotations;
Scarcity Talk Discounted

Price advances in the general com
modify markets arc becoming less fire.
quent than they were few weeks ago,
and many merchants believe that there
viii be few price changes from prevail
Ing levels after the frSt Of the year,
when new price llsts are usually an
nounced In many textile and subsidiary
lines.
Seasonal dullness has appeared in
most Of the Wholesale markets, and
this factor has served 20 check price
advances 70 some extent, bat beyond
this a we'll defined resistance 70 mark.
lng up prices still further has caused
hesitation on the part Of manufaetur-
ers, Il Is said.
Purchases Of goods for spring dellv.
cry made 30 far carry higher prices In
general than we're paid for goods now
being offered % consumers. Higher
prices for the consumer are foroshad-
owed In this condition, but Al the same
ti.he bome retail sales have been an
nouneed which indicate that some re-
tailers believe hat prices on the cur
rent movement have about reached
their peak.
Despite the talk Of shortage In some
commodities. little or no buying impe-
tus has resulted fron fear that sum
client stocks Of goods will not be forth.
coming when they arc required.
New-York tribune., 1922-12-21
Yesterdays Prsviog
Yesterday Previous
Sinclair Gets Contract
For u. S. Royalty Oil
Salt Lake, Wyoming, Crude
Placed on Price Parity With
Mid.Coniinent Product

WASHINGTON, Dee. 20.-Aeeept..
anee Of a bid Of the Sinclair Crude OIL
Purchasing Company for purchase oil
all royalty oil aceruing 10 the gov
ernment In the next Ave years from
the Salt Greek field In Wyoming, was
announced late to-day by Secretary
Fall, Of tho Department OK the In
terror. This transaction, he said:
marks the successful completion OF
his program 20 place Salt Creek crude
oil on q price parity with similar oils
from the mid-continent field, and will
bring the government 70 10 90 cents
more per barrel than was received
under contract with the Shipping
Board.
The price differential between the
two fields Is wiped out, as far ns the
government Is concerned, BY the SIN
clair contract, Mr. Fall declared. The
government receives 1000 barrels OF
oil daily from the Salt Creek held.
Construction Of a new 10000 barrel
pipe line 70 connect the field with rs
Chicago line Is 20 be started by the
Sinclair Company within sixty days
This arrangement, according 20 engi-
neers OF the Interior Department, Will
virtually Join the Salt Creek and mid
continent fields and place them on an
even basis for competition.
The contract with the Sinclair Com
pnny, according 20 Secretary Fall, es-
tablishes the precedent Of buying
crude oil on q quality basis Instead OF
IN bulk regardless Of quality.
New-York tribune., 1922-12-21
Business News
Major Price Advances Appear
To Be Checked for the Present
Says Business Base
Remains Unstable

In endeayoring 10 gauge the prob
able trend Of business IN this coun-
try ths First National Bank Of Dos
ton says;
ALTHOUGH stocks Of merchandise
arc not large and demand Is well
sustained, the lesson Of 1890 has not
been forgottan, and Il Is thoroughly
understood that the underlying fac.
tors Of sound business are not nor
NAL. The purchasing power Of
Europe. dependent largely on IT'S
manufacturing industries, was drss-
tieally cut down by tho dsmorali-
zatlon following tho war. Perhaps
10 per cent Of our agricultural prod.
uets normally are exported. The In.
ability OF Europe 10 absorb her
share necessarily Affects tho pros
perity Of our farming population
and In turn reacts On our own
manufacturer. Already tho latter
are oneountsring resistance In mar
keting their goods AZ a fair profit.
The foundation Of business Is IN
stable and 10 likely 20 remain 50
until the European situation is dis
entAnglod and q workable basis laid
for industrial recovery"
New-York tribune., 1922-12-21
Cinnings Up 20 Dec. 13
Total 0.493.296 Bales

WASHINGTON, Dee. 20. - Cotton
ginnsd prior 10 December i3 amounted
20 a,l93,206 running bales. including
l6i, ,89s round bales counted as half
bales; 24,6i3 bales Of American Egyp-
tlan and 5,255 bales Of Sea Island, the
Census Bureau announced to-day.
To December i3. last year, ginnings
were 7,7e0,656 running bales including
i22,s49 round bales, counted as half
bales; 25S27 bales Of Ameriean-Egyp
tian and 30s2 bales Of Sea Island.
Ginnings this year 20 December 10,
By states, followi Alabama, sii,76e
bales; Arizona, 81, ,46l bales; Arkansas,
sgO.i68 bales; California, 20,46l bales;
Florida, 27,052 bales; Georgia, 724,s79
bales; Louisiana, 34l ,970 balea; Missis-
sippi, 976,624 bales; Missouri, l3o,7o5
bales; North Carolina, s30,3o5 balesi
Oklahoma, 62e,l72 bales; South Caro-
lima, 5o2,Bel bales; Tennessee, S7e,o69
bales; Texas, 5,065,s72 balesi Virginia,
2l,s72 balesj all other states, lb,ls2
balCg
New-York tribune., 1922-12-21
Stock Exchange Listings

white Earle on and RsnainE Con7e1y
ft.teo additionai sharss Of hs oapIG
seck. without nominal o. per value
efsrfard OH of Caiifornia. tietifottb Ao-
eitfonal Of its capital stock. eonsirtinq 81
Ictt,6aT shares of the par value q lss =
shers. EGRh Motors Company 1atto.oo9
Z psr cent cumulative prsfsyrsd stooN' eeh-
sistlnF of lst.teo shares q TIE par vslgs
~ 800 a share. Eentaa Gas blecire
company, fietb9ee5 of an unlimitet Issue
81 ~ frrt Mortgage and sinkinG fuha
per cent Goid 6onds series A. ers AAfeA
:, 1851
L da Pons e Nemours Company.
gli. i.esS.it0 additional eommen stock e9n-
slsiing of iiGtii shares o. the par Nales
81 500 sach- General BAKING Som1.nI'
sT7fBg shares common stock. without nom. /.
80 - ar value. Buffalo. Rochester &
ritisburrh Railway Company, s,gls.geg
.tSitisnsi consolidated mortgage ~ per
e,si sssss o,s.sy az. iae Mey coo q ~ sfsi
nnorirsEs I per cent sold bonds series A.
due Kay !. 1871.
pstroif Edison Company, tt.ti1too se,
dltionsI capital stock, confir'ing oi se.st'
sharss q tfe par value q tlee e.Se
r-lon Iark Car COMPANY. te.lQtieg3 .ael-
rirrnf common stock. ccnfitilng oi tl.et'
rh.r~s ~ the par value of tlel each.
urnia Tierfrlc corgeraH9n, tsri iDofail
rsrsisestsT for fsfco.tes sddliional CEN ,
mes stock. c9nsigtirG of 1890 snares ..
he pa value % iloe each. tnltea s,elss
eS brasil. tsb.tt5.ct' CeAtfal hanEay
siectrffcation . loan 81 1879 thlrty-yeaf
psr osni eoupon gsid esnaA
New-York tribune., 1922-12-21
Markets in Other Cities
Baltimore
stoota

Stocks
,ss 20 45Is,;ia. 45s2si,i -. .. 4! ;!s 80 30 go
&C &P pf,...iio iioh 10 iigA
iiss is cSmi coal ;i;fi cr ipfi D. sf9s in !! 4.
10 East Roll ~ pf l6M lgA a6A "a
z6f Nd Cas....... Is y
ee ~ Yer pf.... e., ga Ia Stu
C5 New Ans Cas-. Stb ath s4S stN
30 Nor Cent?. IVA - 80
70 Pa water. ...ioT ioT i9!, i9su
45 Power 7g pf. .io5t losB lVs A
''9 T'Fss'ES T : 'ES.Df.....1.if ,da ,dg iAR
1ss In .....:..... 2oE 3oA 60" 5SA
20 w u a pf..... 30 " e'
New-York tribune., 1922-12-21
NewAssoelation Plans Campaign

An extensive membership campaign
and a program Of activity will bo
mapped out ut an executive committee
meeting Of the recently organized
Metropolitan Salesmen's Association
on Saturday, under the ehAirmanshlp
OF A. Brin. Of Cromwell Brothers, Inc.
The association, which is intended 70
include all statesmen IN the metro
politan district calling on resident buy
ers and the local retail stores, has for
its principal object the elimination Of
many evils. The dignfying OF the
salesman's profession is sought, as
we'll, and steps will Do taken 70 dis
elplino members who resort to un-
ethical practices. The present mem
An extensive membership campaign
In the underwear, housewear, chill
dren's wear and similar lines. Head
quarters have been established in the
Hotel Pennsylvania,
New-York tribune., 1922-12-21
Prices of Wheat
Drop Sharply on
Heavy Realizing
Profit Taking Movement
Comes After Some New
Highs for the Season;
Close Il to 21sc Lower

CHICAGO, Dec. 2o.-HeAvy selling to
realize profits led 20 sharp breaks In
the value OF wheat corn and oats to-
day, after some new high-priee records
for the season had been touched. The
wheat market closed nervous At "a 70
&c uet lover. Corn finished = 90 iAc
down, oats OF X 20 ic and provisions
varying from 7c decline % 6e advance.
With an ndvnncs IN Liverpool quota
tons tending 20 llft prices here. ths way
was opened for holders of wheat 10 un.
load TO advantage. and the opportunity
was quickly gTasped. ~ vas evsa
asserted IN some quarters that the LIVER
pool market has been p'rposely bid up
10 furnish such a chance. However this
might BE-. sailing hers quickly troadened.
and gains which had been scored ~ the
opening we're much more than wiped out,
the market az enc time showing a fail
of a. much Gh ~ 10 A bunneL
Export business, which developed dur
Ing the downward swing of ths market.
led 10 price rallies On the last hour. A
report that Italy had removed the import
duty on four was also Of sons assis'ance
10 bulls. on the other hand legislation
which might help 20 enhance values ep-
peared % b. moving slowly and 70 was
only with Aggressive support from large
houaea that ths market was upheld In the
nnai deaiinEL
New-York tribune., 1922-12-21

sDs@A0
New-York tribune., 1922-12-21
Freight Car Loadings
Resume Upward Trend

Loadings Of revenue freight on
American railroads totaled ei9,s2S
ears during the week ended December
Q, according 20 reports received by
the American Railway AssoelaAion.
This was an increase Of i7s,4s7 cars
above tho corresponding week last
wear, and an increase Of 1875 over
the corresponding week OF 1920.
An increase Of 74,60e ears was re-
ported over the preceding week this
wear, when, however, loadings were
reduced, ewing 10 the Observance OF
Thanksgiving Day.
Additional reports. showed that
there was a decrease Of 2is25 In the
freight car shortage from December /
20 December 8. The total shortage on
December amounted 20 ili,s6l cara.
New-York tribune., 1922-12-21
MAnfTeal
Toronto

Rioroon Pulp and Pap. "a CON. .
90 new com. ,s.sssssss'sss''
90 NV nl .....a......... '
New-York tribune., 1922-12-21
Has BIr Los. ln NatIonal LesthsF

ouestion-Tbs writer. a travelling man
and constant reader ~ your pab.L
quests o. y9u your sesiss ,ol,o-irs ,.eg1,,.s.
1000 In savings banks 1850 LlberE
bonda al 500 Citlss Service dHheniuis -
30 shares cities Service prsfefrssd' ti.es,
s,asssrS sr on of New Jersey preferred, ss
iss5. 5000 american Telephone snq Tsls.
graph o.. is.i i2'eeo New tofx n iiI5s9i Lals9ii
sHs' 1896; $4,000 oensrsi Electric ~
faif. 200 shares National Leetnsr' IN
soui.what IN doubt as 20 the cities teIrlos
preferred, though / belieys the deDtniufts
- he GOOD but should Ire some adnes
a. to both The preferred stands me W
which Is considerably above to-days quota-
ton. ana tho debenture 9 stands ne ~.
also above to-day's price. ! weuie -
Villas 10 lose on slthsr one, or beth, N
preferencs 20 risklng the prlncipeL
please advise The General Electric oehss
are being recalled, 60 snsl, ny, hass S,,,1 os.1
iaruayy / 30 ask you 90 kindly give ne
your Views as 10 what best 20 byy lgr ,nis
1900. / want safety and am no! wofilsa -
70 per cent more on less. hold tQg theFes
~ National Leather new, nov quoted ~
IL. but which stand me 2sh, a. ! had "
surrender four for ! OF tne pfsssn' -, 80 -,
in other words, All that / csn nos ~ ~. ~.
~, " ,oo ty bst 'f soaid b willing 10 iSks this
loss ana save my 1850 " you aasss
sane Any data you can giys me rsg.Ia-
inr National Leather would De appfeelAs"'
"A j. N.
Answer-Citles Service debenturs o
bonds are suitable Cor one In your posi-.
tion. but we feel your position would
be stronger after exchanging the pre-
ferred Tor one Of the high'grade pre-
ferred stocks you see recommended in
this column. We suggest that you ir-
vest your $4,000 in twenty shares Ok
National Lead 7 per cent prefsrrsd'
calling recently around Ii5, and 5000
Canadian Northern rs, $780, yielding
ebout 80 per cent. ~ view OF tno
imnrovement In tho leg' her ihdustfJ
sbsred by tho National leather Goa
,a,v we hesitate 90 advise taxing -
hig n loss NJ this time. without I'M
nlSlnc a prediction on the future msr-
lei price Of this stock, We can ehpfels
the oplnlon that, inasmueh as you sfs
,ot denendcnt on income from your IN.
So,4 % rscnts and in view of the fact that
con have held your National Lea,hef
stoek through a most trying period
docs not seem logical 20 saentlee "
,ov that the Industry has turned tne
Garner. In midsummer the company
IA outstanding only about 100000
notes and accounts payable, as com
nSrsd with t2,isO, 900 AZ the end OF lsil'
New-York tribune., 1922-12-21
Conee Futures
-. -.-.. - r-l...
Country Produce

Butter-Reesipts we're 1894 paekagta
Creamery. higher than extras. -. u a y
sec; extras. e2 Fcore. t5ci hrsts, ~ 4 -
centralized cars. 90 score. % Q 5ic; 50 score,
4G44gc. gs score. fsh Gf1hc. q 10 %
score, $40 fCoi unaalted. higher nan ~ =.
traa. t7d5tc. extras. ~ score, st4 ~ = J,
nrrs. nG65c. Blcouds. fs9ftei lever
grades liis . l5c. held creamery, eItran,
zee, drtts. lg8 84tc. Geconds N4 ttb
state dairy tubs. hnest. t30t Eooa 20
prime. CSC 54e: common 70 iair' "a Sc.
nrsia 16is n ale; Bseonda, 5tt qasei lever
gradeh afBgtc: packing stock. currtht
make, No. i, tsc; No. 2. aie' lover e3-e'''
CheSSe-Rsssipis we're 5.oll boxes Es-
York state fats. June specials D. ~,
2snci avsrage run. zl9 II pc, sew Nee,ls-s !. :
State nats, fresh specials -tpS. s5E r
run. 27c. Wisconsin, double passes ~ ~
36Lc; single Daisies 1TA Ebhei aoSHs
Americas 9sa2shc. -.
EsEs-Reasipis vsr. i'.'t' eas.I ss.. FT,;a ,,,,a
1rsts. so esso; nFsts. 81 G sse; seconds; - =
Sc. held frcHh. lower Eralth -gEt'
fresh gathered. trace egEa ~ ~ &c, 90 ,,- e,.s
No. l. 2te: 70 - zee: sasor'' s,or attn
fruta. charges paid 70 expiring dates. ttg
i6o: nrsts 52h G53hci seconds sne p2oir,. r..
&c Q 31c: checks, locally canoleei sst 80
eitn cosst sagtse; other western. $40
ace; refriFerator oil immersion pfoeesa'
nesrby whites. fair 10 good. tao &c, -,
cidc Cost, fair 10 fancy. 900 tec; WestsIn
brown and mixed. 81 Q 1se fresh. New Jer,
sey, hennsry whites, unoandled eAIa., "a
Q 75c; nearby hennsry whites. .l.,,
locally chndied. 750liei nearby and I.... nssr-
by Wsstern hsnnsry whites. average ezra
~ q Zoe. extra frsia. 66067c. nrrta, $40
Ssnei nearby gathered yhi,ss a!a'i y
Sie. puiist eggs, 10. I. eo9efo: 10. :. 3.
o Sc: very sInAll, tIeSee; Paslae Cssa 81
whites extras. $50 G9c; extra lrrta ~
DE. e-rts. elaeEhc. Pacific Coast pul-
lets, no 4. eie; No. 2. 81 sec: otner "tssstS,
err ard Southern, gathered whites ssS
sic; New jersey, hsnncry byeNn,. ls-- 49,
fssey. sseese; ssh:.s sshh:s ne~rSS h'nn'rs
Potsioss-jsrSsy giants, VI 81, -; .,.,. w.
ii5' Ii5 lss sssYi1s5 Ysai1s5siSS: 10 iss, i.'sgt,i
isng islsnd 80 is,2 ,s' ,S, isS lSs n, Vs.. Iss
s7i dtiSs; 80 iSst ti;t.et,i.i P,sss-
:yiyssi. iis lss: .a,isetiiitssg;sm. m B.r. ss;.
mv1H. bbl., ffGsts; sweets Jsrsey 3.,'. ~.
soc Gti.Bb. Eastsrn states, sei- i,e ,sassS.
Delaware rad Marylanc, thk-s s'eN'F~'
eniso. louisiana. Dbl. ~.
New-York tribune., 1922-12-21
EmnInrmcni Increasing

WASHINGTON, Dec. so.-Empiioy-
msnt Increased n thirty-one indus
tries and decreased in twelve during
November, the bureau Of labor
Statistics Of the Department. Of Labor
announced to-day, In making public
its monthly survey Of conditions IN
s,as3 representative sstabliShment1 IN
forty-three manufacturing industries.
Pay roll increases for the month also
were shown IN thirty-one industries
but IN four cases these we're not iden.
tleni with those In which employment
gained
New-York tribune., 1922-12-21

America, on organization composed Of
dress manufacturer throughout the
country, will DO held on January II NJ
tho Waidorf-Astoria Hotel here, ae-
eordlng 10 an announcement made yes
terday By David N. Moaessohn, oxeeu-
tive director Of the association,
A discussion Of conditions IN the
dress industry and possible action on
some Of the present problems will take
place preceding the election Of new
board OF directors, who will choose n
new set Of officers at their first meet
Ing.
New-York tribune., 1922-12-21
Prices Unsettled
n Steady Trading
On Curb Exchange
,.,u.,rials Generally Well
SssnppOrted, but Oils Are
irregular; Changes Con-
,;nue in a Narrow Range

....,., generally improved tone on
N''. ''..,tsntlal buying, especially
ss,s ,ss.srisls. prices moved withln :
; irsu,s,'ee irs.a.ee In steady trading on the
isT's ..srRst srRst yesterday. Bonds were
~ sew ,s.S oil Of Ohio spurted %
sss'ssrs, car, most os the others IN the i,,
y'A rs ~ ouies. Cities Service iei, ei,
gs TsS' ,so, New England Fuel OIL
~ ~ y. "a AZ one time. -,
tsysss. - n sheet and Tube gained s,1',i
isoIss H. point and Brier nh III
sissl .sss1ls 49, ,ss former might absorb the ne
~. ~, 'Ass sriis ifs { CO. gained more than
sIoih'., '.,-,..s mining shares continued 5.t.s s..s
r.iiys, ss...,rS s9sns, s Increased activity in
alsiHg "a 'sTSot.a.ss5a.'wSYomins rallied 3
-.t-fn 1T
New-York tribune., 1922-12-21
White Eagle Oil

The report Of the While Eagls OIL
and Refining Company for November,
1922, showed q net income before de-
dueting reserves for depreciation, de-
pletion and Federal Income taxes OF
5000, $50, compared with Sltl,222 for
the corresponding month OF 1921. The
net income for eleven months was re-
ported as s, ,2e9, compared with
81, ,604, ,722 for the same period In 1871
Eleven months earnings we're st the
annual rate Of si077 per share on the
f2n. 900 shares OF stock outstandIng.
New-York tribune., 1922-12-21
Grain Prices
What
Ysstsrday's Previoos
Oaig

Ttat,raay's PTsylOu
New-York tribune., 1922-12-21

southeTn epot MArkets-AuFuatA hieaay'
j. points lever a. z5tsei sales, " oa,ss
t,oee baleh S. Louis hrrn, IS points hlgh-
er Al 2gaEe: falef. NIL Houston hteaay'
10 points lower az 1b.1tc: faleh l,sbl nslsa .s.
Little Rock steady, unchanged az 20. ~
aalss 1.fTt baler. Dallas steady, 10 polnia
lower at iGa6e. saieu 2.12t bales. hont-
ronery firm. 4. points lower az se.ffef
sales. itf bales Fort Worm sieaol "
points lower AZ a6ltc; sales. l.lto oalet.
6hlvorton steady, lE points lower az .b'aye' :
salsa e1g8 balea. New orleans quiet un-
ehsrasd Al zee: faies. IL bales. saysn-
nah steady, - points lover AZ Stc. t.'.e
iSs bales. Norfolk steady. uueh-nsaa -
2gos safra ft0 bnleH
New-York tribune., 1922-12-21
Commercial Credit

Commercial paper discounts rates re-
main at ~ TO per cent, With the
bulk Of paper dlseounting at ~ per
cent.
The acceptance market 70 fairly ae-
tive. The American Acceptance Coun-
ell yesterday quoted the following dis
count rates on prime bankers accept
snees eligible for purchase By Federal
Reserve baniHf
New-York tribune., 1922-12-21
want. Principal Safe

ou.rion-I will have ti,eee J.nuaI
20 inyest In safe bonds. , neia ~ ~, ~, AZ
81 900 Liberty .ks and si,oy2 nmheat Ia.
rs,sents. but % Iyt wish % rlsk prlneipe
~, ~. ,aks of high yield. 10 yoe ~
prove Of Public s.ryies 81 nsw -, Ss,sex ~, Suy.
~ bsvs you q better one 70 ausrestf-
c. -. II.
Anwer-United States Rubber ss or
Public Service Corporation IS would "
suitable for your next investment
New-York tribune., 1922-12-21
New York Metal Market

Tin was easy, with Straits quoted at
Straits shipments,
s7.50G Gss.30c; standard, S7.25, and 90
per cent s7.25e asked. Copper firm,
standard spot, December and January,
Is.75@l4.25e, and eleetrolytic spot, De-
cember and January, tt25Gli.76e.
Lead firm, New York spot, 7.25a1.5oe,
and East St. Louis spot, s.soG7.ioe.
Zine easy, New York spot, 7.foe, and
East 81. Louis spot, e.g5G7.i0e.
New-York tribune., 1922-12-21
Steel Trade Now More
Active Than Expected
Slowing Down Toward End OF
December Will Be Less Than
i'm Any Year Since 1917

Greater activity than had been el.
pected Of December marks the steel
trade IN all leading eenters," "The Iron
Age" will say to-day. "The slowing
down eomnieuiv looked for In the srt
third Of the month will be less than
In any year since 1917.
"In the Pittsburgh district several
independent steel companies that had
planned 70 shut down on Saturday for
a full week find that they must resume
on December 20. The Steel Corporation
subsidies there will suspend only from
Saturday noon until Tuesday morning.
New-York tribune., 1922-12-21
Further Advances in Raw Silk

Further price advances we're the
features Of the raw silk markets yes
terdsy, both In Yokohama and New
York. In Yokohama prices were moved
up about 10 yen a bale under trans
actions amounting to some 1000 bales,
bringing tho base price Of Sirshiu No.
weeks ago tho price reached 2,04o
yen, and subsequently dropped 70 be-
low 1000 yen. The local market nd-
yAneed It's price In sympathy with
Japan 20 q basis Of $3.50 TO $50 a
pound for double extra grades, and
from 1925 20 Ss.35 for Kansai No. /.
Canton silks also were active yes
terday under the impetus Of short
stocks Of old seasons silks remaining
for use until the new season comes In.
Prices moved up 10 a basis Of S7.e5 3
pound for 14-l6 Cantons.
New-York tribune., 1922-12-21
Public Service of New Jersey

The November report OF Public bery.
fee Corporation Of New Jersey showed
operating revenue Of S6,e50,oei, COM
pared with ss,46S,s7I a year ago and
surplus available for dividends $685.
GO, compared with tl22,9ss. For tWelve
months ended November 80 operating
revenue totaled STs.179 9es, compared
with s75,2s3,s02 for the previous
twelve months. Surplus availabls for
dividends was f4.l55,Cto, agaiHst t2,-
zoe ooF