davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-12-03
Stock Prices
Rise Despite
Profit Taking
Good Advances Scored by
Several Specialties; Rail-
road Securities Benefit
More Than IndustriaIs

ProAt-saking operations made their
appearance during yesterdays short
session Of the stock market FOR tho
frst tine since the recovery began and
the readiness with which offerings Of
this character were taken furnished
reasonably convincing proof Of the
strength Of che advancing trend. The
standard stocks in both the industrial
and railroad divisions we're the real
market leaders, but larger gains wert
made By several Of the speeialties in
which speculation for the rise was Rp.
parsntly developing. In the Anal analy.
sis rail shares benefited more than aid
industrial issuss, where there was a
greater leavoning Of ofsetting losses.
In both groups. however, advances
largely prsdom'nsted.
The trading community was Inclined
to regard the comparative absence Of
hesitation which marked the prssseu-
tion OF the advance as satisfactory
evidence that internal market esndi-
tions have been pretty soundly ad-
justed TO the upswing. There we're no
corresponding or proportionste gains
IN the prices Of investment securities.
This section Of trading was only mod
srstely active and the tone was hardly
better than firm. A good deal of I'm.
portanee from the standpoint Of bond
Valuations attaches to the financing
which the Secretary Of the Treasury
Is expected TO announce shortly and
pending definition Of It's terms some
uncertainty Is believed IN order.
Sterling signaliEed It's indifference 10
the reported difficulties A. the Lausanne
conference BY attaining the high level
OF ;4.52H for cables, subsequently
dropping frsetionally. Lire were also
strong and finished with q small gain
but francs we're Sgain reaetionGry
Guilders and Scandinavian exchanges
improved their positions somewhat
Dealings were not on a large scale and
sterling, In It's advance, did not have
to overcome any considerable offer
ings.
Interest In the commodity markets
was slight yesterday Cotton was un-
usually quiet even for a Saturday ses'
sion and prices ended at levels un'
changed 70 nins points net lower
Wheat suffered from lack Of buying
support and quotations sagged OF u &
y cen. net, following early strength
New-York tribune., 1922-12-03
MArlei WrIiera Conadsnt

The general tone OF stock market
letters sent out yesterday vas Intend
ed 10 give the impression that the re-
eovery In prices Ia likely 70 90 further
but few observers expect an immedi-
ate resumption Of bullish enthusiAsm.
"Some irregularity between now and
the middle Of December would not be
surprising" said one representative
house, "for the autumn and Christ
mas trade taken together require more
financing from November I % the mid
die OF December than AZ any other
tlma, and even when tho monetary
position Is strong the plans for meet.
lng maturing obligations and year-end
settlements tend 10 restrict the buying
OF stocks and bonds on tho part Of
merchants and investors: Besides this
there may be some selling 70 estab-
lish losses. The fact that the middle
OF December or the third week Of the
month IL often a turning point In the
stock market is not due 20 accident or
sentiment, bat rather 20 definite and
important influences. II Is around the
middle OF the month that the balance
OF trade between the Interior and New
York City Usually turns In favor OF
the latter and the crop money begins
flowing eastward, and II Is at about
the same time that business men COM
ple.e their arrangements for meeting
the yeaT.end maturities, stu another
factor taking effect simultaneously is
the rslnyestment demand IN antielpe-
tlon Of the January disbursements.'
New-York tribune., 1922-12-03
S%aiion Becoming Acute
y Boston Wool Market
''cs'',s ss for Next Season..
p Being Made in West,
e'osers Ask Ton Prices
- Ditpaich % Ihe Trtbpae

F1ce..- NAPeich 20 Ihe Trfbrae
s.VN' Dec. $50 acute has The
!. ~''sion become that contracts
-. next seasons clip are being
y = The West. and what Is more.
ssssts are asking the top prices
ar - me season Of 1922 closed. The
~ r.ees TOT wool Of the clip OF
r-.' sIe about rs cents, and the tor
~; sere 40 cents. The figures new
s'..s Is from 40 TO 45 cents for The
-laetive clip. '"' '"e
g. .oIe conservative wool men are
= .ae the competition smong assis
s,n....as NJ sas next years clip, and one
IA t.sed =. the recent high prices
ks,...she she fexac clip IN mIldlv con-
~ Al. language. OF course. all
k,,,S boston wool market hha 70
sn uPcn until the nsxt elin Is for
sis n. ..S sSe What little is comng IN
~ !, - thlodie West and Texas, and
IA, ne hands Of the dealers, and
~ We trade want tc Be sure
= 49,. wall have as much on hand
~, ,,.pie st n the sprnR. The high
e .,,aish s,aish are being paid, howevsr,
Ga, 80 result In the necessity OF
y Il @ E.ses for the goods II sellers
nilis sany profit.
1e , recurring question comes
~ e ouHbsar of the trade. "Wiii
" &c &c pay The price for the An
- s~seuetF Many think the an
~ : - nAss conditions are becoming
4, tne time; that there Is little,
= ~, ,snenPioymsnt; that Incomes
-. ,.,Asps Be larger, and that the
As eonsumer vii hand out the
~ anoant without q rnurmer.
~ purchases 81 reworked wool
NJ nade By mills, and this ma
~ be blended with the more
WOO 10 reduce the cost OF
cloth. Cheaper grades Of
= ~ .veh ~ stained sorts, have
lts for The same purpose.
t been in Bueh demand that
~, aet9aliy resched prices Of 80
y unusually hgh figures.
New-York tribune., 1922-12-03
siuid.haksHa Rseer.rr

A further advance IN studsbaker yes
,erday carried the price up 70 high
Of i23k, or almost 10 points above the
low established in last honday's sell
ing wave. Trading IN the stock was
the outstanding feature OF the two
hour session, TIE Turnover iar exceed.
ing that In Uuited states Steel com
mon or Baldwin Locomotive. Early IN
the week ther was q substantial vol
ume OF short selling Of Studebaker on
the theory that the price was out OF
line wlth other active Issues selling
much lower. When the market turned
traders found themselves In position
where it was dificult 70 cover their
commitments without causing sharp
advance IN the stock.
New-York tribune., 1922-12-03
EOdIeo,.,JoAnson May Declare Extra

The meeting Of Endleott-Johnson dl-
reetors sehsduled for tomorrow may
result in the declaration Of an extra
diyIdend. IN addition 70 the regular
quarterly disbursement Of ti.2b share
on the common stoek, according 20 ra-
mors current ir the Street. II is be-
lleved that the ext ramAy may tAke
either the fern Of stock or eaeh
distribution. Under the eompanys
profit sharing arrangement the work;
ere have come In for a suestantial
bonus each year. while Stoekholders
hava not received an extra since 1870.
Despite the general depression that
prevailed early In the year, 1922 VII be
a good one for Endieott.Johnson. u is
trpected that proatsg after preht shAr-
Ing and preferred dividends. will be
better than ti2 a share on the 1885,
$40 common, par $50. The company -
now reported 10 be producing close 70
i25, 900 pairs OF shoes daily, compared
with about $4,000 pairs last sumner.
New-York tribune., 1922-12-03
Silver Market

siIyer-London, s2hd, New YORK. do
nestle. bar, s9hei foreign, sthei Mex
lear dollars, 49ke.
New-York tribune., 1922-12-03
Ioln for European Buylng

samuel W. Rey0urn, president OF the
Assoeisted DRY Goods Corporation and
Of Lord a Taylor, stated yesterday
that II was true that Jordan, Marsh
a Co, Of Boston; James hcCresy =
Co. and Lord 4 Tsylor, Of New iorA.
had Joined their purchasing problems
IN the European nsrksts. The organ
izstlon being formed would also cover
the same problems for Hahns Co,
Of Newark, the william Hengerer COM
pany and ]. n. Adam 4 Co, Of Buaslo:
Stewart 4 Co, Of Baltimerei stewart
Dry Goods compsny, Of Louisyillei
Powers Morcsntils compeny, 81 Mime.
spolis, al members Of the Assceisted
Dry Goods Corporation. Il is planned
70 open principal ofness in Paris, Lon-
don and Berlin, With breneh enees
throughout Europe.
New-York tribune., 1922-12-03
The Dollar in Foreign Exchange

Irregular changes marked quiet trad
ing in foreign exchange yesterday.
Cable rates on London ruled firm, but
French francs sAgged slightly. Changes
during the week we're irregular, sterling
touching a nev high for more than
three years. Continentsls were gen.
orally irregular.
II you calculate the cost OF the dollar
In terms Of foreign money or currency
exchange value--that is. IL you were
buying dollar with pounds, marks and
frAncs--its value yesterday. compared
with last week and the corresponding
date OF q year ago. follows:
New-York tribune., 1922-12-03
What's Behind
Actire Stocks {?
i66-American Water Work

I66-American Water Works
The American water Works 4
Electric Company was incorporated
in 1914, acquiring Mt . receivers
sale an the properties Of the Amer
lean Water Works & Guarantee
Company. The latter company
dated back 20 1891. The new com.
pany owns $685., 900 At par value
Of stocks and bonds Of subsidiary
companies operating water works
In ten different states, and t22,5ti,-
600 par value Of securities Of elee-
trie companies. In addition 70
these holdings, the company owns
through subsidiaries $4,000 acres
OF land IN Sacramento, Calf, under
process Of development for fruit
growing purposes The eompany's
,ublie utility sphere II the Middle
West and South. 10 controls the
West Penn Company, which.
through the West Penn Power Com
pany, serves AZ communities IN the
district about Plttsburgh with elec-
trio current. The American Water
Works and Electric Company has
outstanding 50 $50. 900 Of 7 per cent
cumulative preferred on which
dividends have been paid regularly
aimee 1917, 10000 900 Of 8 per cent
preferred which participates In any
distributions made after the eom-
mon has received per cent, and
5000, 900 Of common. No dividends
have been paid on the eemnoa Or
8 per cent preferred. The funded
debt totals tib,ess, 800. Assssl Of
the company amocntsd 20 930,St0,-
600 on August 81, 1922. On that
date the company had . surplus Of
81. .lee, 900. n the eight months
ended with last August net earn
inRs were equivalent 70 5.lI pei
cent on the { per cent preferred
after dedrcting dividends on the
hrst preferred. Dividend arrears
on the frst preferred we're funded
In 1917, 50 that the 8 per cent stock
h IN direct line for future distribu-
tlon. Range OF common stocks
Hieh. S3H IN 1929; low, 4 In 1921;
yestsrday'S close. 2sN.
New-York tribune., 1922-12-03
Non., R..nmlnr to New Y0rE

The return Of funds from the rural
districts 70 the New York investment
market was strongly Indicated last
week, despite the stihening Of CAL
money rates concurrent with the De-
eembsr requirements. Observers
point out that shere is lsssening de-
maud for rsdIreount ommodations
in many districts, while the require
ments OF banks and their customers In
some sections have felt the usual sea-
sonal relaxation which accompanies the
end OF the cTop-mOYing period. This
has tended 70 bring about easier money
rates, although the December ] de-
msnds have In some measure onset
such influences.
New-York tribune., 1922-12-03
Wh,, Bank Statement Shows

Net demand deposits Of the Clearing
House banks, as shown by the weekly
statement issued yesterday. increased
$50, ,42e,o 900, this gain presumably re-
heeting the expansion incident % hret-
of-the-month disbursements. Tine de-
posiss declined s6,6oe.oo0, while gov
srnment deposits shaded on 20 Se1,-
10000. Loans, discounts and invest
msnts rose ts,es5o 900 as the banks en-
iArred their holdings Of aeeeptaneei
and commercial paper. There was q
decrease OF ti,9ot,is0 IN aggregate re-
serve, leaving q deficit In reserve a.
the week closed OF S7,472,io0.
New-York tribune., 1922-12-03
Vacuum Stock Increasc

The proposed Increase y the capital
stock Of the Vacuum on Company
from $4,000. 900 70 s7o,ooo,ooo and the
reduction In the par value Of the shares
from 500 70 t16 have been approved
by stockholders. The increase, except
$1,000 900 which Is 20 be held In the
treasury, will be distributed 70 stock-
holders as a 800 per cent stock diyi-
dsnd. Directors are expected 70 meet
early this week 20 take ormal aetisn
with respect 70 the stock dividend,
New-York tribune., 1922-12-03
In Wall Street
p.nI.s NIeksI PIsl. M.rr.t

o. p. Sweringen, chairman Of the
bord Of the Nickel Plate, was quoted
Ia Cleveland dispatches yesterday az
denying published reports that nsEoti.
atIons had been completed for eonsOli.
dating this road with the Clover Leaf
and the Lake Erie 4 Westem. In
banking circles. whore the report was
said 20 have orlginated, ultimate com.
blnation Of the three roads vas looked
upon "a probable. but any earlier ae-
,ion % this end vas regarded a. un-
likely. II was said thA, before ner-
ger could we'll be attempted Clover
Leaf's valuation would have % be
Tough, out with the Interstate Com
merce Commission.
New-York tribune., 1922-12-03
Rri,ish MaIaYa Rubber Exports

An o6ieiAl eablegrani from singaloIe
states that the exports Of rveesf .Iou
British Malsya In the month ol osso.
Der amounted - 27,fee tons es Aes'n, nss
20.eSe tons IN September ana t0;oee
tons IN the corresponding month isss
year. Transshirmsntg amountee
! ,8pe tons and. foreign imperts 70 eSe1
tona. ..----~s---<G0
New-York tribune., 1922-12-03
Transactions Yesterday in Listed Stocks
Summary Of Stock Exchange Dealings
6T0CKf

right i'i'' Nsv rsrt Trisun' ina,
The central record. (Lancaster, Ky.) 18??-current, 1922-04-27

to be sent away will be the
wholesale cost of the goods
and transportation charges.
The Is per cent profit will
remain at home. as well as the
overhead expenses. such as
clerical hire. insurance. heat,
light and various other items.
Keeping that money at
home does two important
things. II increases the mon
ey in circulation at home. and
il gives employment to local
people.
People who are in the habit
of patronizing their home mer-
chants invariably have a bet
ter and more prosperous com
munity than those who have
the catalogue habit.
These are facts worth look
ing in the face.
The central record. (Lancaster, Ky.) 18??-current, 1922-04-27
At The Pearly Gates

St. Peter: Who comes
here?
Spirit: One who has pass
ed from earth and would en-
ter the abode of the righteous
and Just.
st. Peter: Have you lived
a Just and upright life?
Spirit: | have endeavored
so TO do.
81. Peter: Have you re-
.pented of your sins?
Spirit: | have.
ST. Peter: Have you paid
all of your debts?
Spirit: | have.
81. Peter: Are you sure you
have paid ALL of your just
debts that not one has been
overlooked?
Spirit: Quite sure, st. Peter.
| have a reputation for prompt
mes in such matters.
81. Peter: Have you paid
the editor?
Spirit: Pardon. most excel
lent st. Peter' | did forget 10
pay the editor. but | am only
one of the many. and il is such
a little thing to hold against
me. ! beseech you TO forgive
and permit me to enter.
St. Peter: Stand aside |!
As you denied the editor his
due. so do We deny you what
you had hoped to be your due.
You may not enter until the
editor has been paid.
The central record. (Lancaster, Ky.) 18??-current, 1922-04-27
Speaking of Dandelions

This IL another one u those roy
stcring and ribald years when III,
dandelion crop looks good to IN,
arid.-Lexington Herald.
Speaking Of dandelions. member
how good a mess 81 dandelion greens
cooked with jowl ard a few corn
dodgers on the side, used 10 taste
And member. too. washing down thu.
delectablc dish with that ambrosia
whose vcrnal visits were heralded By
hanging out the picture of a goat =!
q, tempora! q. morcs. q. Vol
s,ead!-Carlisle Mercury.
The central record. (Lancaster, Ky.) 18??-current, 1922-04-27
Find The Way

The incessant war between
capital and labor is one of the
greatest distractions TO the
prosperity of this country. II
is ever present, and seems TO
have no end.
Every strike that occurs
costs thousands of dollars.
Often il runs into millions. and
the whole country suffers be-
cause of a disagreement be-
tween a small proportion Of
the population.
Labor must be protected or
ii will be crushed by unscrupu-
lous capitalists.
Capital must be protected or
il will perish at the hands Of
interruptions labor leaders and
the radical element of their
following.
One can not exist without
the other. and the country can
not survive without both.
Under existing conditions
neither side can be trusted to
give the other a square deal
all around. They have fought
so long the Golden Rule APP
pears to have passed from
their memories.
And since the Golden Rule
will not. suffice. government
rule should take its place.
There is a way to adjust
these differences on a basis
that would be fair and just to
all. but we do not appear to
have the man available who
possesses the brains necessary
TO discover that way and en-
force il.
Find the man who can find
the way. and clothe him with
power 10 act.
The central record. (Lancaster, Ky.) 18??-current, 1922-04-27
Pleasant Meeting

The W. VI. 5 met al the Freedom
Baptist church Saturday. April 22nd,
at 500 Z. NJ, with seven members
present. Mrs. Annie Rogers lead
the meeting. Contribution collected
was 500
Miss Mamie Sebastian was re-
elected president. Mrs. Mary Prcwii,
vice president. Mrs. Ida Moore. See.
Rotary, Mrs. Mabel Sebastian. treas.
urcr and press chairman.
Miss Viola Prewitt was appointed
delegate 20 represent the society at
the 9Th. Saturday meeting at Waco.
Mrs. Lizzie Locker was appointed
leader for the next melting. The
subject j. Service"
The central record. (Lancaster, Ky.) 18??-current, 1922-04-27

of what the near future will
bring us.
For some time past the mar
ket has been strong. Buying
has been heavy and prices
have been kept well up.
This means but one thing.
People who have money are
regaining confidence and are
seeking means of investing il.
The fellow with a few hun
dreds or thousands is taking il
from its hiding place and is
buying bonds. He is no long
err pessimistic of the future.
He sees increased commercial
activity and consequent pros
perity ahead. and he is right.
Every bond issue that is
hoated means more work for
idle people. II means an ex-
pansion in business. an in
crease volume of trade. more
money in circulation. and that
money passing from hand TO
hand. Prosperity is the nat
ural result.
Ii you have any savings
slowed away you are quite
safe in bringing them out and
putting them TO work.
The time for action is here.
The central record. (Lancaster, Ky.) 18??-current, 1922-04-27
Looks Facts
In The Face

When a merchant sells an
article he makes a certain prof
Il over and above the whole
sale cost Of his goods, the
transportation. and the cost of
handling. This rule applies
the world over.
Suppose the people of this
community have 100000 to
spend within a given length
Of time.
Is il better TO keep the prof
It's at home and in circulation
among US. or Is il wiser 10 send
il all away?
For purposes of illustration,
We will say the dealers profit
is Is per cent, or $4,000.
Ii the people send away for
this $4,000 worth of goods
all of the money they send
away will stay away. We will
never see il again.
If, on the other hand. the
people buy those goods from
local dealers the only money
The central record. (Lancaster, Ky.) 18??-current, 1922-04-27
Boyle Juniors Make
Calves Gain so
Pounds Each
Month

Twenty Boyle county boys, who
are developing baby beef calves TO
be entered in the junior agricultural
club classes az the first annual Fat
and Feeding Cattle Show 20 be held
at the Louisville Bourbon Stock
yards this fall are making marked
progress in their efforts 20 win their
share Of the prizes. according 10
County Agent {. l.. Taylor. The
average gain for the 20 calves has
been about so pounds Of beef each
month, while one boy has put 1872
pounds Of gain on his steer in Is
days. Il is reported. The 20 steers
include ~ Angus. six shorthorns and
two Herefords.
The central record. (Lancaster, Ky.) 18??-current, 1922-04-27
Many Porkers Stunted
BY Advoidable
Trouble

Hundreds Of young pigs in Ken
lucky have their growth retarded
each year By infection and swellings
which follow the casterating oper-
alton, according 20 swine men az the
College Of Agriculture Under aver
age farm conditions, the animals al
tered and then turned into a field
containing a mud wallow. the idea
being that the mud hastens healing.
This would be true were IL not for
the causes Of infection found in the
average hog wAllow, the swine men
say.
"Six weeks has been found 20 be
the best age at which 10 castrate
pigs. A good disinfectant, such as a
two and one-half per cent solution
Of creolin iodine or a five per cent
solution Of carbolic acid, is used "
wash the hands Of the operator, the
instruments and the pigs scrotum
after which the testieles are remoy-
ed By taking the ineision below the
middle o. the curvature on the
scrotum. This promotes good drain
age. The wound will heal rapidly
and cause little trouble II IL is clean
ed with the disinfectant following
the operation and the animal turned
into a clean pasture which does not
contain a mud wallOw."
The central record. (Lancaster, Ky.) 18??-current, 1922-04-27

Indian r'tt"u cloih u mentioned ~
Her .g- lrt Nas known IN Arabia
Ia tie seventh century. In spain
cut'on wee quite extensively grown
and manufactured IN tho Tenth ccn-
furt zoe I's manufacture vus not In
tr,-Iur.d into other countries until
som. CENTURIES later
The central record. (Lancaster, Ky.) 18??-current, 1922-04-27

During hurricane In the West In
dics the tank steamship Philip Pub
hcker, carrying molasses In hulk
pumped overheard 2So0o gallons Il
the liquid tu sfno"th N the scHssand
break their fpar. III. action q the
molasses GA ths water -s~mel e. hay.
the same eject 80 oil ship News.
The central record. (Lancaster, Ky.) 18??-current, 1922-04-27

little child.
The reckless driver who kills
a person is but little better
than the gunman who blows
off another's head.
If we prescribe the death
penalty for the gunman, we
should at least punish the
speeder with a long term in
prison.
When a person becomes a
menace to a community the
community should be rid of
him.
Look at the people around
you and size them up accord
ing to their deeds.
How many of them have a
ghost of a chance TO getting TO
heaven unless they make a
radical change in their mode
of living?
Very few. you think.
Now look in a mirror and
study the one you see?
What better chance has he ?
Don't consider yourself a
Mutt. There are few peo-
pie who know less than you
do.
Self-confdence is half the
battle of life. The man who
believes in himself finds little
difficulty in inducing others to
think as he does.
Take a firm grip on yourself.
1t will aid you in gripping the
confidence of others.
And you will go far.
Think back over the past
year. What have you done to
improve conditions in the
home community?
Now think again, and cata-
logue the numerous opportun-
tiles you have allowed to slide
by because you didn't feel
like doing IT."
Other years are vet TO come.
The central record. (Lancaster, Ky.) 18??-current, 1922-04-27

It's not trouble for a pretty woman
20 marry for money. but Is whale
% a job 60 extract Il from tight
wad husband.
The central record. (Lancaster, Ky.) 18??-current, 1922-04-27

II the truth must be told. the cry
Ing need - the country Is 90 quit
crying
The central record. (Lancaster, Ky.) 18??-current, 1922-04-27

Some men never kick. They find
II more profitable 20 work.
s-fogcwo hrhlth-r
The central record. (Lancaster, Ky.) 18??-current, 1922-04-27

ANY one con get out Of trouble b.
the simple cSpedicnt 81 hitting up
on the right plan.
The central record. (Lancaster, Ky.) 18??-current, 1922-04-27

II would appear. however. that
some one has been taking liberties
with the Liberty bonds.
The central record. (Lancaster, Ky.) 18??-current, 1922-04-27

The bcs, way 60 convince a woman
against her will j. 20 swear she is
right.
The central record. (Lancaster, Ky.) 18??-current, 1922-04-27

According 20 local oracle the
best time 10 Kill a hy j. before 10
begins 90 rs.
The central record. (Lancaster, Ky.) 18??-current, 1922-04-27
II Looks Good

Watch the bond market and
you will get a fair indication
The central record. (Lancaster, Ky.) 18??-current, 1922-04-27

DO IN cright thing and YOU won''
20 wrong.