davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-22
Increase i'm Cotton
Spinning Trade Shown
Census Reports Gives June
Activity at More Than
90 PC. Capacisv

WASHINGTON, July 21.-The cotton
spinning industry showed increased ac-
tlvity in June as compared with MAY,
the average number of spindles op-
Grated having been 100000 more and
the number Of active spindle hours re-
cording an increase Of 152,900,O00, ac-
cording to Census Bureau statistics an
nounced to-day. Active spindle hours
IN cotton growing states increased about
23,000,000, the total having been 4,275,-
79O,701, with the largest increase
shown in North Carolina, where 49,
100000 more were reported, but there
were decreases in Georgia, Virginia and
Tennessee. In all other states the &C
tive spindle hours numbered 3,37O,514,-
24S, an increase of 1290OO,0O0 over
May, with the largest increase reported
from Massachusetts, where spindle
hours numbered about 100000 more.
There were 36,900,924 cotton spin
ming spindles in place June 80, COM
pared with 36,884,133 on May 81. Of
these 31,S77,015 were operated at some
time during June, compared with ST.
6o3,06i so operated during May.
Aggregate active spindle hours were
7,646 ,304,949, compared with 7,493 ,491,-
601 in May. Average number Of spin
dies operated was 33,803 293, or at 81 6
per cent capacity single shift basis.
compared with 32,502,674, or at SO. i
per cent capacity single shift basis, in
May.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-22
Chicago & E. /. Road
$ h 0 W $ 1920 ON
Common for 1921
Increase i'm Net Earnings
Made Possible by Big
Savings i'm Operating Ex-
penses; Free . of Loans

The Chicago g. Eastern Illinois Rail-
road, which on December 81. 1921,
emerged from a receivership dating
back to 1913, ended its corporate ex-
istence with further strides toward
recovering the desired earning power
during 1921. The annual statement,
sent out to stockholders to-day, shows
a balance available for dividends OF
$2.116,700, equal to 959 per cent on the
s22,051, 900 new preferred stock. or 1929
per cent on the new common, after
deducting an amount equal to g. per
with 100000 net income in 1920, ex-
Guiding government compensation
items.
Compared with 1920, total operating
revenue decreased 1874 per cent, total
railway operating expenses decreased
1876 per cent and gross income in
creased % per cent. The volume of
traffic carried last year was substan-
TALLY smaller. There was a decrease
of 25.7 per cent in tons of revenue
freight carried and q decrease Of 1877
per cent in passengers carried one
mile. Receiver William j. Jackson,
whose signature is afnXed TO the report,
points out that these decreases re-
fected no more than the general bust
ness depression which prevailed
throughout the year. William j. Jack
son resigned as receiver az of Deem
Der 81, 1921, and was elected presi-
dent of the reorganized system, known
as the Chicago & Eastern Illinois Rail
way Company.
The reduction in operating expenses,
which made possible the 1921 increase
in net income, was effected through q
saving of $2.0S2, 900 in maintenance Of
equipment, S1,101, 900 in maintenance
Of way and structures and 1851 900 in
transportation charges.
When the receivership terminated
and the properties were turned over
to the new company, the balance sheet
showed So, 052,00 cash and total cur
rent assets of S11,96S,o0o. Total cur
rent liabilities amounted to only 49,
10000, the accounts being free Of
loans and bills payable. The old COM
pany had a profit and loss balance of
| S17,001 900 when it's affairs were wound
/ I'D bv the receiver
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-22

s!chcr. merchandise manager. dresses,
coats. suits, waists. furs; Pennsylvania
SALT LAKE CITY. Utah~-yalker BROS
shop. Misc Sweitzer. art goods, lamps
shades. gift shop; Mdse Reporting Co.
san NEUTRALITY-SUSPICIOUS.; Mrs. A.
Bcrnhardt, hosiery and underwear; 22s
5th sy
sAN FRANCISCO. caI--The Emporium
Misa Piekersl, canton crepe dresses; 225
SPOKANE. Wash.--Spokane D. @. CO.
Mrs. y. Benry womens sport apparel,
millinery; 40 4.h av
SAVANNAH. Gal Nathan & Son: Jo-
aepn II. nathan, dry goods. Imperial.
SERACBSB. ~ Y-E w Edwards A.
Son; &isa Mage Reid. fancy goods; Bres-
SYRACUSE. N. Y.-Maies.ic Cloak o
SUIT co Aiss H. Cohen, dresses, waists;
caro- Pm r. Lewis 81 w 2sth ST
TACOMA, Wash.-rhe Farmhouse d. O.
Co, Fred r. Berk. n1dse mgr; Pennsyi-
vRnia
BROWNSVILLE. Cav. refnberx q
Son; ". Feinberg, furniture; Imperial
WICHITA FALLS, Tcx.--Kfrnbe7sin's:
Saynuol Kimberlin, wornen's ready to wsar;
&!as VI Spencer. d. Bryan. rep; 1925
R'wsy.
WILKEs-BARRE Pa.-Ben Fisrrnan.
Ben Fierrnan. Wholesale drugs; Martinique
BUYERS COMING
WASHINGTON. p. Crank n. Jei-
Jeff. Inc. Mrs Goodman. ladies' coats.
Mrs. Brennan, misses coats. care Harry
Lyon, $40 7th av.; expected July a.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-22
ID. & IF. C.. Western
Ordered Placed
I'm Receivership
Requested by III olders
of D e fau1ted Mort
gage Bonds; President
Is Appointed by Court

DENVER, July 21.--The Denver &
Rio Grande Western Railroad late to-
day was ordered placed in the hands
OF receiver.
The receivership was granted on re-
quest of attorneys representing hold
ers OF defaulted mortgage bonds Sc
cured by the property of the railroad.
Joseph H. Young, president Of the road,
was named receiver.
The order granting the receivership
was signed by Circuit Judge Robert E..
Lewis and District Judge j. Foster
Symes, sitting jointly in the United
States District Court here.
Protection of the public interest
through the rehabilitation of the road
will be the first consideration under
the receivership proceedings, United
States Circuit Judge Lewis declared to-
night.
The receivership was requested in a
joint petition presented by attorneys
for the New York Trust Company and
the Bankers Trust Company, Of New
York, trustees for holders of defaulted
So IVA 'Eo SS pOiuo SSGuTeQ Dy Cne prop
erty of the road. Cass E. Harrington,
Denver attorney. was appointed special
master to represent the court. Judge
Lewis said that none of the earnings
Of the road should be used to pay bond
interest until 1t was rehabilitated, and
that If receipts were not sufficient for
that purpose receivers certificates
would be issued.
Request for receivership was first
fled In the Federal court here, July Z,
by attorneys representing the New
York Trust Company. simultaneously,
suit was fled for foreclosure Of the ad-
justment bonds, totaling $1o,ooo,oOo
and issued May /, 1912.
To-day second suit for foreclosure
was filed by attorneys for the Bankers
Trust Company of New York, trustee
for the holder of s42,o0o,o0o refunding
bonds of 1908 A motion by which the
Bankers Trust Company Joined with
the New York Trust Company in re-
questing receivership also was filed
to-day and granted by the court, with
the consent of both parties.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-22
Petitions In BaDkruptcy


The following petitions in bankruptcy
were filed yesterday in the United States
District Court:
VICTORY KNEE PANTS CO.-Involun-
tary; 1872 Blocker st.
l.. TELLER & CO.--InvoIuntary; as
East 10Th st. st., .furs. Liabilities, $4,000;
MASON RUTH SPECIALITY SHOP
Involuntary; 274e Bway, ladies wear
DE ZEGO BROs.--Voluntary; waste
stock. 3o7 Water st. Liabilities SIS, 9O5;
JOSEPH wBINsTEIN & co.-1nvolun-
tary; cloaks and suits. 20 West 21st st.
LHNORE c. Observation-Disclosures reg
i Isl nurse. ~ East 44th St Liabilities,
ANDREW Observation-Disclosures; Harri
sou 5os 81 i475 assets ad ss5
St Anton st Liabilities, Sails; no assets.
Receivers in Bankruptcy
The following receivers in bankruptcy
states District Court:
Byron Clark jr for Barney Renkin,
shoes. 12s Second av.. with bond of 900.
Walter /. Bryant for Phillips siegel Co,
dresses, 256 Fifth av, with bond of $1,000;
Radiator Company, plumbers supplies, Alb
w; 42d ST.. with bond Of $1,000
Richard Q. Smith for Crown Novelty
Company, 80 E. 20th st, umbrella novel
ties with bond of $500.
Bertha Rembaugh for Victory Knee
Pants Company. 1873 Blocker ST., with
Schedules in Bankruptcy
The following schedule in bankruptcy
was filed yesterday IN the United States
District Court:
MALI & sCHUTzBERGER--Mi
goods. S26 Broadway. Liabilities $685.
22s; assets. s12S. 600.
Assignments
saltzman & Berman, Inc. jobbers in
cotton goods, 25l Fourth ay., to Morris
Leight, 115 Broadway.
LYMAN Gordon. dealer in groceries, 440
Claremont av., to Max Wait.
Kramarisch, Altman Sc Wechsler. Inc.
manufacturing monuments and tomb
stones, 95 Suffolk st. and 502 Sixth ST..
to Benjamin B. Greler, 200 Broadway.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-22
To Make Foreign Trade
Suggestions to Bankers

Definite suggestions to bankers along
the line of assisting export trade will
be presented at the convention of the
American Bankers Association here in
October by the American Manufac
turers' Export Association, according to
present plans
Among the suggestions being consid-
cred by the export association are more
liberal credits, more Edge law banks,
long-term credits, increased purchase
OF foreign bonds, universal adoption of
standard forms of letters of credit,
more general use of acceptance credits,
cooperation in foreign trade informa a,
ton, centralized bureau of credit in
formation, interchange of ledger ex-
perience on foreign customers and
lower discount rates on drafts having
attached certificates guaranteeing sol
vency of drawee
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-22
Platinum Demand Good

Platinum demand continues steady,
with only small quantities Of the crude
and manufactured metal entering this
port. Recent advices from Colombia
are that foods on the Condoto and the
upper Atrato rivers have receded, and
larger shipments can be expected with
in the next month from South Amer
lea. About 100000 worth of crude
platinum is being exported to this city
from Reval monthly Due to Soviet re-
strictions, platinum is struggled out Of
Russia. Makers Of high class settings
and high priced jewelry have placed
orders on the strength of reports of
good advance business by jobbers'
salesmen
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-22
2 Grand Trunk Directors
Quit to Aid New Plan
Follows Resignation of Entire
Directorate of Canadian
National RAILWAYS

OTTAWA, Ontario. July 21t-The
Canadian Ministry Of Railways an
nounced tonight that the resignation
Of two members Of the board of man
agcment Of the Grand Trunk Railway
had been received and the designations
of the preparations for the reorganiza-
ton Of Canadian railroads by the gov
eminent
The designations Of the entire diree-
torate Of the Canadian National Rail
ways and the Canadian Merchant Ma
r1ne, Limited, were handed to the Min
istry Of Railways yesterday.
President H. G. Kelley and A. J. Nit
chell are the two members Of the
Grand Trunk board who have formally
rendered their designations. E. L. New
combe, Deputy Minister of Justice, who
is at present abroad, it was said, Is
expected to forward his resignation By
cable. The fourth member of the
board, whose resignation has not been
received. Is J. N. Dupuis.
The receipt Of the designations was
announced by Major G. A. Bell, Dep
uty Minister of Railways and Canals,
in the absence of Minister ". o.
Kennedy, who is said to be in the
United GATES, where it is reported a
railway expert is sought to Join the
railway board to be appointed by the
government,
Pending final arrangeme as In the
case Of the National Railways Board.
the Grand Trunk directors who re-
signed will continue in service.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-22
Financial Items

The New York and Richmond Gas Corn
pany will redeem on November / ali OF Its
sued and outstanding by paying the prin-
cipal amount Of the bonds together with
premium, OF per cent and accrued in
VIII be made to holders at the Central
Union Trust Company.
The twentieth annual convention of the
tcrday, and the delegation of bankers
from New Enslend and New York. which
left for Portland. Ore, on July s, to-day
entratned at Portland for the return trip
to New York. The bankers will spend one
day in San Francisco, two days In
Los Angeles and one day at Graad
Canyon, After leaving Grand Can
yon stops will be made at Albu-
querque, Kansas City. st. Louis Gin
cinnati. Columbus Dayton. Newark, Ohio
Pittsburgh, Washington. Baltimore and
Philadelphia.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-22
Americans Buy Too Much

Indiscriminate buying by Americans
was held to make for bad business con-
ditions in Germany by Ernest Block
ert, resident buyer in Berlin for four
teen department stores, upon his ar
rival here on q visit. Americans buy
entirely too much, Mr.. Blockert said.
For instance, he pointed out, toy
manufacturer or buyer will go into a
German factory and say: How many
dolls can you make? I'll take the
whole output" And much of American
purchasing is done in this way, with
results which are obvious, he said.
Mr.. Blockert is extremely hopeful
over conditions abroad and finds it
possible to get everything, with de-
liveries fairly good. Factories are
working full blast, he said, and there is
a general feeling of optimism now, be-
cause Germany feels that settlement
of the reparation problem will be eff
fected shortly The factories making
infants hose are sold up through next
year, and those making fabric gloves
for this year, he reported.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-22
Apparel Makers
Combine to Buy $500, 600
Worth of Linings; Third
Purchase; More to Come

The purchase Of 100000 worth of
staple lining silks from a single mill
by the cooperative action of eighteen
cloak and suit manufacturers in the
Garment Center Capitol was announced
yesterday by Jacob Rapport, q leader
IN the cooperative enterprise. This
makes the third group purchase Of silks
on the cooperative plan, according to
mr.. Rapport, who, declares that in
dications point to larger purchases of
this kind not only in silks. but in
other fabrics used by the cloak and
suit trade. The first purchase was
made last May. A saving approximate
ing % per cent in the cost of the silk
was effected by The cooperative pur-
chase, he said.
In addition to cooperative buying
the manufacturers in the Garment Gem
ter Capitol have effected a 90 per cent
saving on electric light, Mr.. Rapoport's
own bill having been reduced from
$4,000 year to $4,000; an average re-
duction Of workmen's compensation in
surance from about $500 q year to s35
n year, and still larger reduction in
fire insurance rates. The Garment
fire insurance at about 8 cents a thou
sand, compared with maximum rate
of $3.50 a thousand, which some manu-
facturers are paying. Burglary insur-
ance or patrol protection, which aver
ages in the neighborhood of $1,000 a
year, he said, has been eliminated in
the Capitol buildings.
This saving in overhead expenses Of
manufacturing women's apparel, in the
opinion of Mr.. Rapport will lead to a
reduction in the cost of garments to
the retailer and to the consumer. eve
have barely scratched the surface on
economy" he said, "and feel that the
cutting down of overhead expense by
giving up our individualistic ideas and
adopting communal ideas will assume
greater proportions during the next
year"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-22
Wool Market Quiet but Firm

BOSTON, July 21.-"The Commercial
Bulletin" of Boston, will say to-mor-
row: "The demand for wool has not
been large this week, but there has
been some business done at prices
which are holding firm, compared
little buying is reported in the country,
but generally growers are unwilling to
accept to-days buying offers.
Interest, of course, has conferred on
the opening of lightweight goods,
chiefly by the American Wooden Com
pany, which has named relatively low
prices on worsted goods and prices
about on a parity with the wool
market on wooden goods. London
opened firm on all descriptions and
slightly dearer on the Continental
styled merinos. Mohair is in light
supply and prices on the finer counts
are very strong"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-22
Commercial Credit

Fraudulent failures and the failure Of
honest but inexperienced firms continue
to worry credit men. Some Of the
smaller retailers who went into bust
ness during the boom and who have
been carried along for some time are
now being dropped, as the wholesale
selling trades enter the fall season The
fact that more than five hundred retail
shoe stores, principally small shops in
the outlying districts, have gone out
of business within the last six months
in New York alone is proof, according
to trade authorities, that manufacture
crs are moro chary of granting credits
than ever before.
Commercial money continued I'M
changed yesterday. Commercial paper
discounted at and Al per cent.
The American Acceptance Council
quoted the following discount rates on
prime bankers acceptances eligible for
purchase by Federal Reserve banks:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-22
Ii usiness New .
Cloak Manufacturers Save
by Cooperative Silk Deal
Says Strikes Are Sole
Dra,oback TO Trade

The removal Of the coal and rail-
road strike, in the opinion Of the
First National Bank of Boston. in
its mid-month New England Letter,
will leave conditions "ripe for a
continuance of the upward trend in
business activity"
Barring coal shipments" saws
the bank, "the railroads are carry
ing record volumes and the need
for additional equipment is becom-
ing acute. Bank clearings continue
to rise. Pig iron production ia
mounting and steel mills are oper-
ating at rs to 80 per cent Of
capacity. The usual mid summer
slackening in business Is less notice
able this year and general trade.
unevenly to be sure, continually but
slowly gains. The outlook for rea-
sonably good and profitable business
in the United States is bright. de
spite the unfavorable conditions
abroad, which block a full interna-
tional business recovery"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-22
Predicts l0O,OOO,O 900 Bushel
Wheat Shortage in Eurone

WASHINGTON, July 21.-Central
European countries are facing wheat
shortage this year of approximately
100,000,00o bushels, according to a
radiogram received to-day by the Com
merce Department from Alfred Dennis
at Berlin, who has been making a spe-
cial survey Of the foodstuPs situation
abroad.
Mr. Dennis reported that this years
wheat harvest would be the first set
back to Europe's wheat production,
which has been increasing steadily
since 1917, and indicated, he declared,
that there would be greatly augmented
imports of wheat into Europe.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-22
Brazilian Traction Net Drops

The report Of Che Brazilian Traction,
Light and Power Company, Limited,
for the year ended December 81, 1921
showed surplus Of s2,637 $50 after
charges and preferred dividends equal
to $247 share earned on the $780,
with a surplus of s5,395,123, or SIS .o6
a share on the s10e,567, 900 common
stock in the previous year. The in
come account Gin Canadian currency
showed a surplus of $2,e37 $3.50 after
with s7,o9e,s24 for the previous year.
The net income was listed at S3,537 ,6S1,
as compared with s6,255,123 for 1920.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-22
Spot Cotton Market for Atlanta

ATLANTA, July 2.-The Cotton
Storage Finance Company, capitalized
at 100000, which began operations
July l as lessees of the Gambler Ware
house, said to be one of the largest and
best equipped plants in the country, is
planning spot cotton market equaling
those of Memphis and New Orleans for
Atlanta. The capacity Of the building
is 100000 bales of cotton. A charge of
SO cents the first month and % cents
for each succeeding month, with a
handling charge of 10 cents bale each
way, will be made.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-22
Columbia Gas Net Gains

The report of the Columbia Gas and
Electric Company for June listed gross
at $1,299,154, an increase of $3.50 1886
over the same month of the previous
year. Net income was $332,5O1, an in
crease of S75,805 over June, 1921. The
gross earnings for the six months end
ed June, 1922, amounted to $9,4S5, 1874,
an increase of S1,620,556 for the cor
responding period of 1921 The net
income for the six months amounted to
SO, 023 ,013, an increase Of $328,175 over
the same period for the previous year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-22
Business Troubles

co N n Harry at::' X-statY ' Discount
co = G2 club Butter Co. Ine-R
Dave, Vincent--A Bedriok.
q Donaldson & Cohorts Plan
Co, N ............
Epstein. samuel-F c vogt &
aons' inc '..'-............
Frank w Hall Pub Co, Inc, Frank
" Hall Joseph Brand and
Charles Swortz - Port Morris
Taversham. william-M OPP. Ii,
Frank w Hall Pub Co, Inc. Frank
w Hall, Joseph B Bernard and
Charles Sworts--J Dix. l.
sarne--J Kramer. .... i,
Gerstel, Joseph-s BisGaier ct al
Guerin: Bryan C-Eiectric Con-
Gaffney, Edith-M K Gahe e.
Gala, Michae l--Metropoli Sto-
rage Battery Co. .........
Gordon, Jacob and Hyan Weiss
Frank f Pels Co Of n Y, Inc.
Hamilton, Leslie w and Geo e
Barrett-N Telephone Co..
Horizon, Corp Affix-M e Green
Irving Natl Banls-D Satan costs
Italian Press Pub Co, Inc
diltelidIlCc 20, INC
Ivory & Ernoid Mfg Co, Inc
General Bakelite Co.
Jarvis, Vincent--N Y Telephon Co
Iaillet, Gaston-J eastman.
Jerome, Rose G--American Hotel
& Restaurant Ware Co. Inc.
Kessler, SamueI--D Hartman 81
Heating, James--Arnold Constable
& Co. Inc. ...............
Kalicz. Armand--S Grudberg
Louis Goldberg, Inc, Irving J
Kallman and Jack Sonners-L
Goldberg Northumberland. g,
Lehman, Louis ana salia Diiab
(Lberty Trading Co)-,New
England Co, Inc. ........ l.;
Lantzounis: George--A Petit:
Luckton Morris and Joseph Kan
trowit2--M Davidson. ...... l.,
Levy. Jesse BE A Levy. ...
Lipsit, Aaron--A Kahn ..
Lieberman, Meyer and Max Gieb-
erman Bros)-S Sutner ct al. :.
Morrison. Daniel IA l. Bacon a.,
Mauck, Alfred--H A Irguhart..
Marine Repair Corp-Merritt g.
Chapman Derrick & Wrecking
Myrowitz, Joseph Rothenberg
Sons Co. Inc
Malawista Jack-wool Novelty
Co, Inc .................
o'Neil. Walter, and Louis Tilzer
SipiIiS IidH ~ VI IN
Pioneer Dyestuff 81 Chemical Co,
Inc--John Campbell & Go 80. l..
Pincus, John---N Telephone Co.
Pioneer Steamship Corp-N Y
Telephone Co $4,000. .....
Rosen, Hy1nsn-A vanderwe ghe;
Roberts e Monric, Inc---Eirst &
Merchants Natl Bank .....,.. TO-.
RRost & Co, lnc----c Q Minigcr
ct al ..,..l,...a-......
Reed, VIM E---p G Morss 1850.
Ryan, Denni9-Park & Tilsord
Ranagnano, Laura--W Biltchik
saftler, David. Hyman Berkowitz
and Sidney Lashsn Morris
Plan CO of N Y ...
sau,ry. Mary, and pominick--A
SCHNEIDER. iIerman--s Wideli:z....
Smith. Harry G--tseo NJ Stili, Inc g.
sherbetjian, Iames-Y sherbet-
jian (costs) ....., ,..........
Sickman. Jerry--Booth Fisheries
spagnoli Louis Treieer 49,.
Schaahtvr, Mcrris--A Wander
| %sghe ..l.s...,...i......
Saunders s. karsch Co, Inc--N
Ellanger ...,.....s... ....s.,s...
Sparkling Beverage Co, lne---N Y
Iisty Pub Co, Inc .s.
Schneider, Reuben-Key system
sangloyanni, Pasquale--S lancer
ct ~ .'......'.........
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-22
Slight Decrease in Failures

A slight decline IS SHOWN in the mum,
Der of commercial failures reported
this week compared to last week. R. G:
Dun e. Co. explain the slightness of
the decline by saying the greater de-
crease in the South was offset by
fairly large increase in the West. The
number runs slightly above the rate
that prevailed previous to last week.
Dun places this weeks failures at 444,
compared to 455 in the previous week
and 371 in the corresponding week last
year.
Bradstreets report 371 failures for.
the week ended July 20, compared to
800 last week, AL in the like week last
wear and LA in 1920.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-22
Pure Oil Report

The report Of the Pure Oil Company
for the quarter ended June 80 showed
gross earnings of s19,168, 800. The net
income, after expenses and taxes and
depreciation charges of s1e,s79,s71,
amounted to S2,288,929. The surplus,
after payment of s1,649,3S4 in div
idends, was $500 ,545.