davidaulloa/AmericanStories huggingface dataset:
Evening star., 1922-10-10
PRESSURE ON oils
ON CURB MARKET
ny WILLIAM r. HEFFERNAN.
v SreciaI Leased Wire to The Star.

Ry Special Leased Wire to The Star
NEW YORK, october 1o.-Many OF
the recent leaders experienced rather
sharp reaction in the trading on the
curb exchange today although some
Of tho Standard Oil shares continued
to reach higher levels.
Extra Dividend Di>nppOints.
Price movements in this group were
more irregular than in some time
It was reported before the opening
Of business that directors OF Vacuum
Oil would meet today and that action
would be taken on tn" olstilpu't'"
of the comDany'S surplus.
The stock oDcutd thirteen points
above its previous close. hut SunSr-
quently lost more than this S;iin neh
announce ment was made thdt "it'
tors had declared their regular semi
annual dividend of So and an extra
dividend of 81 on the 81 5,puu.pho cap
itaI stock outstanding.
This makes total of SIC a share
for 1922 against tn" regular 81 :.'ti
an extra dividend of 50 in 1921. This
announcement was considered disap-
pointing in face of recent stock aiS-
tributions by other standard suhsia-
iaries, and Vacuum oil stocks came
down sharply.
selling the Oils.
Standard of Indiana. Standard ol
kentucky and Imperial Oil OF Canada
ran into heavy realizing and lost SOM"
OF their recent gains. Ohio on ana
Prairie oil ard Gas. however. went
higher. while ArClo- American and In
,ernational Petroleum We're firm AT
their top prices
Standard nf New York new capital
stock OF S. par value was admitted
to trading. the first sales taking place
at 81. while the old stock was traded
in around go.
Mammoth oil. class \. newcomer
on Monday. held comparatively Well
Calf OIL Of Pennsylvania. however.
lost almost 3 points at one time. New
England Fuel Oil. after opening 1's
points higher, lost more than its early
gain.
Durant Motors lost over point.
Continental Motors, REQ and Winthcr
We're active and firm. Packard issues
continued strong. the common reach
ing Il new high for the year.
Macy common shares lost point on
a Very few sales.
Evening star., 1922-10-10
VISIBLE SUPPLY OF GRAIN

NEW YORK, October 10.-The Wis
ible supply of American grain shows
the following changes:
Wheat, 33.5S4,000 bushels; increase,
10000 bushels.
Corn. 9.530.000 bushels; decrease
1,244.0O0 bushels.
Oats, 35.4i6.000 bushels: decrease
6S. 900 bushels
Rye. ..213.009 bushels; decrease
sos. 900 bushels.
Barley. 2.34S.000 bushels: increase
$4,000 bushels.
Evening star., 1922-10-10
FUR TRADE HEALTHY.
Shortage in u. s. and Enormous
Demand Is Reported.

ST. LOUIS. October 1o.-Condition
of the fur trade from the trappers
to the ultimate buyer is healthy. ac-
cording to Phillip B. Fouke, president
Of the. .Fouke Fur and Merchants Fur
Sales Company. which are holding
auctions here.
Fouke said there was a shortage of
furs in the United States and the de-
mand was enormous, although he
said prices were not affecteds much.
Many foreign countries. he said, are
adapting furs to their own uses and
not exporting the usual amount.
Evening star., 1922-10-10
COMPETITION IN coTToNs.

Despite advances IN some Of the
staple lines of cotton goods. a few Of
the novelty lines are now showing
One of the best known
novelties in the market. a cloth that
was brought out early this year. has
been reduced in price to meet the
of imitators. More
quickly than ever before. novelties
are copied almost as soon as they
make their appearance, with the re-
suit that competition is extremely
keen and considerable price cutting
has reeulesS.
Evening star., 1922-10-10
Selling Price. at 1890 pm.

L, :.
basket. 5oa75: bu.. 1ooa1.75; pears.
basket. S0a50; bu., 1.75a2.5o.
Selling Prices at 1910 Pm.
Wheat-No 1 red winter. spot, no
quotations. No. 2 red winter. spot,
1.23.; No. 3. 1.19; No. rcd winter,
garlicky. spot, 1.12,; No. 3 red winter,
Der. 1.laia: November. no bid.
Salcs-BaE lots of nearby. sample.
so per bushel.
Corn-Cob. 375 and 400 per barrel;
contract. spot, 79l2 per bushel; No. >
corn, 81: No. 4. no quotations: track
corn. yellow, No. or better, S6asG1:
per buShel.
sales-Bag lot of white delivered at
S2l2 per ton.
Oats-White, No. ., 51a5l,a per
bushel; No. 5. 5oh.a51.
Rye-Nearby, S0a90 per bushel; No.
.. western export. spot. SSls per
bushel. No. 3. no quotations.
Hay-Receipts. "a tons: market firm
for fair to good timothy at l6.ooa
1900, and fair to good mixed, l5-ooa
17.n0 per ton.
Straw-No. 1 tangled rye, 15.ooa
1900: No. ] wheat. 9.5oalo.oo' NO. oal'
nominal, 12.00a12.50.
CHICAGO. October 10.-Wheat de-
clined in price today soon after ut
Initial upturns of the market were
ascribed to higher quotations at Liv.
erpool and to bullish views taken OF
the United States government crop
report as. to wheat. Buying; how
ever, lacked volume and, with corn
tending downward lin price, the wheat
market gave way in sympathy: The
opening, which varied from b de-
cline to like advance, with Decem-
ber 1.O7A to LOTS and May 1.oSai
to 1.09. was followed by slight gains
and then by a moderate setback all
around to below yesterdays finish.
Tension over chances of Turkish re-
fusal to accept allied terms led to
late advance today in the price
of wheat. The close was unsettled,
Il to q net higher. with De-
cember. 1.07", to LOTS, and May,
1.091s to 1.09A. Subsequently, shorts
became uneasy over absence of defi-
mite word regarding peace or war
with the Turks Besides, export bids
at the Gulf of Mexico showed a con-
tinued advance and the wheat market
here hardened noticeably in the last
Evening star., 1922-10-10
MAY ABANDON LINE,
Authority Given Oregon Trunk tt
Relinquish % Miles.

oregon Trunk Railroad was author
lied today hy the Interstate Com
merce Commission to abandon twenty
eight miles of line between South
Junction and Metolius. in Oregon
This part of the roads line. tn. COM
mission determined. is paralleled hv
another railroad and therefore is un-
necessary to the service of the popu-
lation along II.
Evening star., 1922-10-10
VACUUM EXTRA DIVIDEND.

NEW YORK. october 1o.-Direc-
tors of the Vacuum oil Company OF
the standard oil Cr"up today de
clared an extra dividend of S.
share and the regular sen2i-annUal
dividend Of So a share. With div
dends just declared payments this
Naar Will total Slf a share.
Evening star., 1922-10-10
GRAIN AND PROVISIONS.

BALTIMORE. October 10 tSpecian.
Potatoes, white. bb!.. 1.o0al.ao; 100
lbs. GOAL 20; $50 lbs. locals O.;
sweets, bhl.. 125a1.50: beans. bu..
50a75; lima beans. bu.. 3.ana3, 50;
beets, 100. @.5na 90: broccoli, bu., l5a
90; cabbage 100. 400as.oo; corn. doz.,
l5a30: carrots. 100. 3.0oai.oa: celery,
doZ.. t0aSo: caulifi"wcr. bbl.. , 3-0Ha3-oo !;
cucumbcrs. hu.. 25Ga3.oh: eggplant.
basket. S5a75: lettuce. bu.. seal 90;
onions, 100 lbs. 1oea1.15: pumpkins,
100, 3.00af.o0; peppers. basket. 30a5o;
spinach. bu.. 40a5o; squash. basket.
65a75; tomatoes. basket 4nafh; pack
ing stock. bu., 50a1.00; turnips. bas-
ket. 50a70
Apples-Packe led. hhl., 2.5oa5.oo: hu..
1.25a1.5n: loose. bbl.. 10oa1.5o. bu..
2.oOa225; cranberries. bbl., 1o.o0a11 90:
damsons and plums. bu-, 1.5na2.0n:
grapes. 2O-lb. basket. Local. is,
grapefruit. box. 4.50as.a0; peaches.
basket, 50a75: bu.. 100a1.75: pears.
basket 3Oa5O: bu., 1.T5a250.
Evening star., 1922-10-10
GASOLINE DROPS 2 CENTS.

ST LOUIS. Mo-. October 10.-The
price of gasoline was reduced 2 cents
n gallon from 231a to 211S cents at
Standard Oil filing stations through
out st. Louis today.
The New York herald., 1922-01-31
s,eeial Dispatoh 10 THE NEW YORK Herald.
New York Herald Bureau.
Washington, ID. g., Jan. 50.

American shippers OF goods 10 Cuoa'
whose consignments have been tied up in
Cuban warehouses by cancellations on
the part OF consignees, will have an ex-
tension of two months in which to ar
range for deliveries or otherwise dispose
of the goods. Secretary OF Commerce
Hoover was advised to-day.
American consular agents, by repre-
sentations TO representatives of the Gu
ban Government. were able to obtain is
suance of an order by President Iayas
granting two months extension OF time
in which American merchants might ar
range for removal or possible sale TO
other purchasers OF the goods ware
housed. ws
Most OF the goods affected. amounting
to $50 .OO0, 900 TO Ss0.000.000 in value, are
textile goods. shipped by New York and
Now England manufacturers. CancelIa-
tions OF orders for the goods were an
nounced several months ago during the
price decline that hit practically all lines
of commodities.
The New York herald., 1922-01-31
BUYERS ARE ACTIVE
IN WHEAT MARKET
Show Greater Power Than for
Several MOnths-ClOse Is
Firm and Higher.

CHICAGO, Jan. 30--Buying power in
active of several months. Estimates,
emphasizing smallness of farm reserve
supplies of wheat and OF mill and ele-
vator stocks. were current. The close
was firm at 15c. TO 11sc. net higher, with
May at S1.19A to s1.19k and July at
S1.05is 20 s1.05lz. Corn finished &c TO
Ac. down and oats off &c. to nc. In
provisions the outcome was u to soc
advance.
Eastern interests I'm particular were
credited with heavy buying OF wheat
and big elevator concern here also was
said 20 have taken hold freely as a pur-
chaser. Nevertheless. in the sessions first
part the amount OF selling to realize
profits was OF sufficient volume TO make
prices average lower and it was ap-
preaching midday before upturns in
price acquired much impetus. Mean
while estimates OF farm reserves. put
ting the total at 100000, 900 bushels in
contrast to 100000, 900 bushels year
ago. were circulated. Mil; and elevator
stocks were figured at $4,000. 900 bushels.
o notable reduction compared with the
customary aggregate. An advance in
sterling exchange and a cold wave
threatening unprotected fields of winter
wheat tended further to stimulate buy
ing.
Hedging sales against purchases OF
corn to arrive had depressing influence
on the value OF corn and oats and the
visible supply OF corn and oats showed
Q fair increase.
Higher quotations on hogs and export
business I'm lard did a good deal TO lift
the price Of proyisiona
The New York herald., 1922-01-31
NEW YORK CENTRAL
GAINS IN DECEMBER
Reports Net Railway Oper-
ating Income $11,586,247
Saved From Gross.

The New York Central Railroads De-
cember operating report shows net rail-
way operating income Of s11,5s6,247
saved out Of gross operating revenues OF
s2e.s4o.sS7, contrasted with only $2.oso
in net and sa2,o1o.4s1 In gross in De-
cember. 1920. It's operating expenses
for the month were cut s16.o44,so1 to
S1S.sS4,sS6, and its December ratio was
62.9 per cent, in contrast to ss.7 Der
cent. in December. 1920, which brought
the years operating ratio to 76.o per
cent. in contrast to 93.S for 1920.
Under the Interstate Commerce Com
missions rules the company was re-
quired to eliminate from its operating
charges unexpended accruals for euuali-
zation of maintenance and car repairs.
approximately $7,600,000. They were
taken UP in December. and account to
that extent for the distortion of the re-
suits for that month.
The Central's gross operating reve-
Eues for 1921 were $322,538.217. q de-
crease of $50.423.449 from those Of 1920
and its net operating income of 1921 was
S56,67s,1s7. an increase of $52.936,0OS.
compared with that of 1920. Its total
operating expenses of $24S,1s0994 for
1921 showed a decrease of s1O1 .79s. 553
from those of 1920.
Other roads reporting Yesterday for
December included the following:
The New York herald., 1922-01-31
U. s. FOREIGN TRADE
SHOWS L0SSIN 1924.
Exports to Europe Fall $2,-
OOO,OOO,O ,OOO-South Amer
lean Business Less.

WAsHINGToN, Jan. 3o-Exports to
Europe in the last year fell off more
than $1,000. 900 compared with those
OF 1920, and exports to South America
declined In 1921 more than $4,000 600
compared with those OF 1920, according
10 foreign trade reports issued to-day
by the Commerce Department.
Tn 1921 exports to Europe were
s2.364. 600. 900, in contrast to $4.466.O
coo in 1890. and imports of 1921 were
$751;. 100000. in contrast to s1,22S. .000.
600 in 1920.
In December exports to Europe were
$15o, 100000. in contrast to $3SS O00. 900
IN December. 1920. and last months
imports were $4,000, 600. in contrast to
$67.000.000 in December, 1920.
Exports to South America In 1921
were $a73. 100000. in contrast to s624.-
o00,0O0 In 1920. and imports from South
America were $296,OO0.0O in 1921. in
contrast to s761. 100000 in 1920.
Exports to South America in Decem-
ber were $16.000,0O0. compared with
ssT.OOo.oo0 In December, 1920. while i'm
ports for the month aggregated $27, ,0O0.-
COO, against $50, 100000 in December
g year ago..
Exports and imports by principal
countries for December as compared
with December 1890. follow: France,
exports sl7.0oo,00o. against $3.50 900; inn
ports. $ll,o0o.O00, against sl2.000.000. Ger
many. exports $22.OO0.OO0. against $5S.-
100000; imports, S700O.00G. against $5.000.-
o0V. Italy, exports SIS. 900 900. against
s32 OOo.0O0; imports. s500o.OOo. against
N.t0O06o. Great Britain. exports $780,
oOcO. against sls9. .OO0O00: imports, s2i,-
100000. against s1o0O0.000. China, ex-
ports S,00000o, against st3.000,O0O; i'm
ports. $1.000000. against S. 100000. Japan,
exports s3l 100000 against $4,000, 900: inn
ports. $40.0o0.000 against sl2.OO0.0CO.
Mexico, exports $i1.000.co0. against S32.-
100000: imports. $li.00O.o00. against SIS
VN,oOD; Argentina. exports 100000,
against s23.0o00oO: imports. 100000.
against 100000. Brazil. exports So 0O0.-
600. against Si9oo0.o0: imports, $1,000
n0. against $e.000U00 6'hss~. exports
100000. against 100000. imports.
sa00o.0c0. against ss.ool.oo0 Cuba, ex-
ports Ss,o0ooo. against si5.000oo0; i'm
ports. slo.00o.oo0. against sii0c0.ooo
The New York herald., 1922-01-31
CUBA PROGRESSING
TOWARD RECOVERY
Mitchell Expects Island to Be
in Shape in Six Months to
Warrant Loan.

Cuba has made appreciable progress
toward economic recovery in the last
six months and. although there are no
signs of a boom, her affairs are dis
tinctly on the mend. said Charles E.
Mitchell. president of the National City
Bank, who returned yesterday to his
desk after two weeks trip over the
island. He said that the prospects that
Cuba's economic house would be in suf-
ficienuy good order within six months
to warrant the granting of loan of
substantial proportions by American
banking interests were good.
1T would be great calamity" said
Mr.. Mitchell ito establish a commission
or laws designed to restrict the size of
the Cuban crop. We found ample evil
dence that the operation of natural
economic laws and other factors will
enable Cuba to turn the corner.
If check on its sugar crop is needed
it will be provided in sufficient degree
by existing shortages in certain classes
of labor, such as cane cutters, and the
condition of the mills, which has not
been kept up. The small remainder of
the 1921 crop, now being disposed of
In the market, does not represent dis
tress suguar. Most of this sugar is
coming to the United States. a small
portion is going to Great Britain
THE islands labor has been liqui-
dated to preboon1 levels. Workers, who
were getting IS a day are now receiv-
ing 81. There has not, however, been
a corresponding reduction in commodity
prices. Cuba's stores are filled with
goods made in America, into the price
of which wages of much higher level
are figured.
Gen. Crowder and President Zayas
are making good Roadway. The latter
has made good progress toward balanc-
ing his Governments budget, eliminat-
ing useless departments and employees
and reducing waste in governmental ex-
penditure. / have little doubt that the
Improvement will be sufficient enough
within four or six months to make an
other loan possible. The opposition to
the, recent loan OF s5.000.000 is not seri-
Gus.
LAS for consultations, l believe that
the sugar industry in common with
many other industries is bound to go
through an evolution Oh combinations
which will bring producing. manufactur-
ing and distributing organizations under
single arrangements. No one could ex-
anime Cuba's condition without coming
to this conclusion"
Mr. Mitchell said he had had no time
to inform himself as to any negotiations
for mergers. which have been reported
10 be under way here. When told that
one of those reports concerned a possi-
BILE consolidation of the Cuba Cane and
the American companies, he said that
such a merger seemed illogical and most
unlikely.
The New York herald., 1922-01-31
WEST. PACIFIC WILL
BUY D. &R. G. COUPON
Offers Holders Asserting to
Reorganization Payment of
February Interest.

Formal announcement that the Feb
ruary / coupons of the first and refund
ing per cent. bonds of the Denver and
Rio Grande Railroad would be defaulted
was made yesterday. At the same time
the Western Pacific Railroad Corpora
tion rendered an offer to purchase those
coupons from bondholders who assent to
a plan to reorganize the old company
under new company known as the
Denver and Rio Grande Western Rail
road.
Through the new company the West
ern Pacific interests purchased the prop
erty of the old Denver and Rio Grande
last year, and with the Intersttte Com
merce Commissions approval became the
owner of the new company's capital
stock, consisting of 10000 shares of no
par value stock. The new company
acquired the property subject to the
old company's bonds. but did not assume
their payment.
Under the Western Pacific's offer hold
ers of the refunding 5s of the old Den
yer and Rio Grande will receive in ex-
change for their bonds so per cent in a
new sinking fund mortgage per cent.
bond, due In 1855, and so per cent. in a
per cent. cumulative preferred stock
Of the new Denver and Rio Grande
Western, an average return Of per
cent.
The Western Pacific agrees to put
S10,000,000 in cash or property into the
reorganized company, for which it will
receive an additional 100000 shares of
it's no par value common stock. Pro-
vision for the refunding of the under
lying bonds and for funds required
for future additions and betterments Is
made in the plan through new senior
unifying mortgage bonds for s101.112,-
900. none Of which Is to be issued at
present.
A salient feature Of the plan is that
the old company's underlying mortgage
bonds come through the reorganization
absolutely undisturbed. They consist Of
the following bonds Of the Denver and
Rio Grande s34, ,125;000 of first consoli-
dated as, due in 1886; $6,3S2,000 of first
consolidated 41as, due in 1896; $685.
600 of Improvement 5s, due in 1928, and
the following two issues of the Rio
Grande Junction Railway: $15,190, 900
of first trust as, due in 1889; $15,0S0.-
600 of first consolidated As, due in 1949 !;
total, s79,112,000. The bonds are car
ried over intact into the new company's
financial structure.
Application of the plan would put the
new companys bonded Indebtedness at
s101, $4,000, In contrast to s125,056. 900
for the old company. and give it fixed
charges Of $4,613.160, in contrast to
S5,s96.940 for the old company.
The New York herald., 1922-01-31
DANISH BANK LOST ON MARKS.
Copenhagen DiskOntobanik and Re-
visionsbanIS i'm Trouble.

CoPENH AGEN. Jan. 30 (Associated
Press. THE Copenhagen Diskontobank
and Revisionsbank. with a share capital
of 4S,000.O00 kroner. is in difficulties,
having financed weak concerns with large
holdings Of German marks. The Minis
ter OF Finance met yesterday the direc-
tors Of other Copenhagen banks to con-
slider joint action to guarantee It's de-
positors from loss.
Investigation showed that the bank
had lost $4,000 600 kroner. The directors
OF the other banks agreed to the continu-
ance of the institution on condition that
its share capital be reduced from $4,000
coo TO 22.00O.000 and its reserve fund
from 10000. 900 TO 100000.
The Danish National Bank will guar
antee new share emission of 100000
kroner deemed necessary to cover the
balance of the $4,000 900 lost.
The New York herald., 1922-01-31
JAPAN INTERESTED
IN BIRTH CONTROL
Mrs. Sanger Says Mouenent
Here Is Being Watched.

PHILADELPHIA, Jan. 3O.-Creation OF q
srpcrman is the goal OF birth control.
Mrs Margaret II. Sanger OF New York
to-day told delegates 20 the Penisyl-
vania conference on birth control.
Police observers" attended the seq
sion and an attorney had been retained
by the conference in advance.
Japan is taking an interest IN the
birth control movement Mrs. Sanger
said.
Japan in the last year and a hsif,"
sho added, has sent twenty-five men TO
America to determine what she can
learn OF advantage from her neighbors.
Twenty-one of them have reported that
the most interesting eubject to Japnn ia
birth control"
The New York herald., 1922-01-31
MONTREAL BROKERS SUSPEND.
Fairbanks 81 Gosselin Had once I'm
I'm This city.

MONTREAL. Jan. 80. - Announcement
that Fairbanks & Gosselin. brokers. had
suspended payment was made to-day
from the floor of the Stock Exchange.
The firm has branch in New York.
Depreciation in the stocks OF Canadian
Forglngs and Ames Holden. IN which the
firm was heavily interested, was given as
the cause OF the failure. Liabilities. II
was stated. were about s25e.000. Value
of the firms assets was not announced.
The New York herald., 1922-01-31
FINANCIAL NOTES.

The Association of Reserve City Bankers
CitN on May - and aS
William Basnc 3d. formerly manager OF
~" ueiriot office OF Bonbright Co. Inc.
has been made sales manager ot it's Boston
office
The Registrar and Transfer Company has
been appointed transfer agent OF the Red
Bank on Compary's stock.
The Chase National Bank has been mp
Pointed registrar OF the new prior prefer
ercc, senior preferred preferred and COM
mon Ftnckr of Allied Packers Inc.
Allen Woed a CO., 81 broadway, have
opened trading depart under the man
eRoment ~ Leonard y. Hepburn
Howell Evans. formerly with the Guaranty
company o, New York. has been mado sales
manager OF, w w. Sutton a. Co.
The Bank ~ America has been appointed
transfer assent Of The voting trust certificates
~ tho Indus'rial Finance Corporations COM
mSs and preferred stocks.
Answors 10 tho many now problems witch
WI confront The average Individual or bust
ness concern tNs year In making up annual
incomc tax returns are supplied IN tho book
Fractical Questions and Answers on the
Federal Tux Baws.' Just issued By Tho Irv.
Ing National Bank.
The New York herald., 1922-01-31
O. & W. VALUED AT s45,o51 900
/. c. C. Also Appraises Butler
County Roads Property.

WASHINGTON. Jan. 30.-A tentative
valuation of s45.o51.o 900 on the Ontario
and Western Railroads property was
found to-day by the Interstate Com
merce Commission. 1t covers property
used by the road in It's transportation
operations. whether owned by it or not
On the company's books, the report said,
capital investment was valued at sS5,-
101 .000 and that 1t had outstanding
stocks and bonds and other securities
of 200 par value.
The commission also found a tentative
valuation OF s1.095.67S for the property
of the Central Union Depot OF Cincn-
natl and of s910.396 for the property of
the Butler County Railroad, in Missouri.
The New York herald., 1922-01-31
CHAL0NER AWARDED ONE CENT
Jury Gives Verdict in Rctriai Of
Washington Damage Suit.

WASHINGTON. Jan. 3o.-John Arm
strong chaioner OF Merry Mills. Va.
won a verdict for one cent to-day in the
Supreme Court OF the District OF Co
lumbia In his civil damage suit against
the Washington Post. The case came
up for retrial here. verdict of $4,000
rendered in 1916 in favor of Chaloncr
having been reversed by the United
states Supreme Court
Chaloner based his suit on an article
printed by the Post in 1909. relating 10
the shooting OF John Gillard, an English
man, on Chaloners Virginia estate.
The New York herald., 1922-01-31
RECEIVER FOR ABoRN STEEL

Louis n. Wohle was appointed receiver
In equity yesterday for the Aborn steel
Company, Inc. with a bond OF S25. 900.
r. Bruce Ross. who said he was a crcdi-
tor on cash loan of $4,000, asserted the
company had assets totaling $4,000
and liabilities OF about S136.000. Jacob
Giegerich. secretary OF the defendant,
consented TO a receivership.