davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1922-05-21
.BANKERSF|ND
ADVERT|S|NC|S
VALUABLE ASSET
Financiers Giving Advertising
More Attention Than Ever
Before, Lonsdale Says.

American bankers are giving more
credit and greater consideration to
advertising than ever before. and
more than Is generally realized. ac
cording to John G. Lonsdale, presi
dent OF the National Bank Of Com
merce, in an address before the Asso
citation of Advertising Agencies yes
terday, meeting IN New York; city.
Advice OF a reliable advertising
agency is as important us that o. the
banker to his customer. or the law
yer's to his client. he said.
Constructive. result-producing ad
vertising is the greatest builder OF
good WILL said Mr.. Lonsdale. 1T
adds to the stability and reduces the
doubt and moral hazird involved In
financing.
"A fisheries concern that I have
in mind was at one time virtually
stripped OF every asset except Its
good will, which was secured through
newspaper and ma gaZine advertising
their nationally known brands
'oday, through careful management
md judicious advertising, the firm ia
lgain back to its forTlcr high stand
ng. That is an advertising victory
st. Louis appropriates from II.
tax money $25, 900 annually for ad
vertising purposes. For three years
it has spent $4,000 a year advertis
ing its central location and its ad
vantages as a distributing center.
Advertising is the newest ant
fairest handmaiden OF business
without II. many inventions woulc
be almost Valueless."
The Washington times., 1922-05-21

weeks issue. and in favor of public
utility and industrial issues. The
weeks aggregate was about 500, 900
900 of which about $50 500, 900 were
public utilities, 49,, 900, 900 new indus
trials, S3,00O,000 railroads and the
balance municipals and land bank
bonds. The largest industrial issue
was the $22, 800 900 per cent OF the
Virginia Carolina Chemical Company,
and the most prominent public util.
ity issue was $12, SOC, 900 6 per cent
of the Pennsylvania Central Power
Company.
The boom in security prices that
has featured the speculative markets
during the past six months has not
been confined to America. Some re-
markable recoveries have taken
place on the principal exchangeS of
the European countries, and British
investors particularly have seen the
value of their securities enhanced by
from 20 to so per cent in the period
under review.
In British government issues there
was. an enhancement in value of
250 ,000, 900 pounds during 1921, and
that since the turn of the year there
has been a still better percentage of
appreciation of some of the most ac-
tive issues.
British investors have shown more
interest in railroad stocks than hi 9
been apparent on this side of the
water. some of the railways ad-
vances being in excess Cf 90 per cent
of last years prices.
Business Improving.
Further improvement in the gen.
eral business situation and increased
optimism in various lines of trade
are indicated in the weekly surveys
of the more prominent business and
economic authorities. In prices.
Dun's weekly list shows seventy-one
advances and thirty-two declines.
while Bradstreets index number
stood at 1892 at the end OF the week
as compared with 1926 at the close of
last week.
Bank clearings at leading cities of
the United States for the week
ended May Is, as reported to Brad.
streets, aggregate 5000, ,653. 900, a
loss of 2.7 per cent from last week
but Il gain of 6.5 per cent over the
same week last year. Outside of
New York, the total is 50 500. Asa, ,00n
an increase of 7.9 per cent over last
week and of 6.3 per cent over this
week last year. Twenty-nine re.
ported gains over last year and thir
teen exhibited losses.
The week ends with the leaders OF
finance and business optimistically
nICIIued.
The Washington times., 1922-05-21

The developments have not been
confined to any particular industry
or group of industries, but have en-.
braced a wide circle of home and
foreign endeavor and their effect
upon business sentiment has been
tuch as to mark this week as an inn
portant milestone on the road to
the business and economic adjust
ment of the country. 1t Is also sig
nificant that President Harding has
been prominently identified with the
outstanding constructive features Of
the week and both by his co-opera-
tive efforts with the leaders cf the
railroad, steel and coal industries
Of the country and by his optimistic
statements before important public
gatherings and in the press, mas
done much to crystallize sentiment
In the right direction. The president
has emphasized the fact that the
country gives every evidence of be-
Ing on the threshold of a new era
bf prosperity and that Americans are
keenly. alive, to their opportunities
In this respect.
Copper Rises.
Some of the outstanding indlces
Of current financial and economic
conditions which have showed up
most prominently during the past
week are: The rise in copper prices
TO 13% cents delivered, the advance
In cotton beyond 81 cents, in sterl-
Ing to 4.45 compared with 500 that
year ago, the decline in time money
rates to 3% per cent. the lowest
since August, 1914. the advance in
steel prices to $46.20 for the eight
principal products; the general ad
vance in security prices on the stock
exchange and the return Of inves-
tors to the bond market, resulting
in a higher level of prices toward
the end of the week, the advance
OF U. s. Steel stock 10 l01 y, the
highest price in over Two wears.
In the stock market the week
has been one of quiet and orderly
progression from the start to the
close. Trading at times has been
quite spirited, especially when ru-
mors of new mergers and Consolidd-
tions have fired the imaginations Of
the speculative community, greatly
aiding in the operations of the pro-
fessionals. The Times statistical
index of representative stocks on
Friday touched a new high for the
year at 80.4S, as compared with
the previous high mark of S0.1S
on May 3. From the low point Of
the reaction, which resulted on May
IL, the advance has been a little
more than 3h points on the
average, or from 1851 to SO.48.
The general progress of the stock
market from the opening on Mon
, day to Fridays close Is indicated
IN the comparisons of the following
representative stocks. While IL is
true that a great many of them
receded to a lower point, and others
reached higher points than the
final figures, the comparisons are
significant as indicating the trend
OF the market in the week as q
whole:
The Washington times., 1922-05-21

their sad harvests.
Social reformers say the profits
should be only 6 or per cent
Most workers agree, though the
Socialists among them say there
should be no profits at all. Many
men in the present labor warfare
in Chicago take this position.
The capitalists and employers re-
ject both propositions. Without
profits they will not organize and
manage industries; unless they may
get more than 6 or Z per cent
profit. they will not venture on new
enterprises. Then there will be
either no employment worth men
tioning-as in Russia-or half time
employment as in many other
countries today.
Between these two extremes the
struggle for wages and profits
surges back and forth. And, though
we all want to see II abated and
its crudities moderated, we have
this cpnsolation: IL either side won
complete victory. that victory
would be far worse for business and
popular welfare than the struggle
itself.
The Washington times., 1922-05-21
Potato Outlook Good
In Northampton County

Despite a number Of rather alarm.
ing reports that have gone forth
from the Eastern Shore. regarding
the condition of the Irish potato
crop, due to recent heavy frost,
there is ample prospect for a
bumper crop.
Only field here and there shows
any signs of being damaged. TAX.
ing the situation as whole and
with the large acreage planted this
spring, Northampton county,
should hold it's own again this
year, leading all counties in the
United States In the productivity
Of Its crops.
The Washington times., 1922-05-21
Mcdowell Votes Road
Bond Issue of $3.50 OOO

WEIGH. w. Va, May 20.-At a
special election by the voters of
the Big Creek district, Mcdowell
county, an issue of $450,000 road
bonds was authorized to complete
road from Welch to the Virginia
state line, a distance of thirty.five
miles.
This adds another link to the
already extensive road system of
Mcdowell county. The election was
sponsored by the Welch Chamber
Of Commerce which has been work.
ing on the project for several
months.
The Washington times., 1922-05-21
Va. Tobacco Men Name
Supervisor of Grades

RICHMOND, Va, May 20.-D. L..
Tuggle, of Blackstone, has been 'ap.
pointed supervisor of grades in the
dark fired tobacco belt of Virginia
for the Tobacco Growers Co.Opera.
tive Association, II is announced by
Frank ID. Williams, manager of the
dark leaf department of the associa.
ton.
MIR. Tuggle wifi have supervision
over all OF the dark.fired leaf in Vir.
ginia His district covers several
counties.
Three redrying plants at Black.
stone, owned by Mr.. Tuggle, will be
placed at the disposal of the asso.
citation. Three warehouses at that
point also have been acquired to
handle the nearly 10000 pounds
OF tobacco to be turned over to II
there this year.
The Washington times., 1922-05-21
Bond Market.

In the bond market the reaction
In prices of speculative bonds which
featured the early days of the week
was followed. by firm upward
trend on Thursday and Friday
which in m2ny instances restored
quotations 70 their previous high
points. The merger discussions
and rumors were not without ef.
feet i'm the bond market, the copper
stocks particularly responding to
the prospect of more stable Condi.
tions in the copper trade. The in.
dustrial bonds, which have always
been the most stable department OF
the security list, were less affected
than either the rails or the steels
by the developments of the week
Foreign bonds and municipals were
fi'1h and good demand existed for
them.
The trend in new bond issues this
week was away from the sax EXEMPT
municipals and farm loan bonds
which made up the bulk Of lasts
The Washington times., 1922-05-21
Cost of Strikes Is AS
Much AS Year of War
Armistice Costs AS Much Year AS
the War, Figures Show.
By GEORGE w. HINMAN.

CHICAGO, May 20.-The conflict between employers
and employees has cost since the armistce probably
much year the The fact can be proved by the
figures England In the United States the figures have
not been collected, but the conditions only little
better
The Washington times., 1922-05-21
ADVANCING WASHING
TONS INTEREST -
Stocks and Securities
Rise in Active Market
Advance of Steel and Copper Prices Feature
of Progressive Week.
BY w. s. COUSINS
Copyright. 1929, by Cosmopolitan News Service.)

NEW YORK, May 2O.-From whatever standpoint it
may be viewed the past week one of the most i'm
porant and significant of the year thus far and its
ord of accomplishments will compare quite favorably
with any that have preceded it.
The Washington times., 1922-05-21
R~, BUS SINESS AND FINANCE
Washington Stock Market
Business of 1922, to and including, Friday May 19
Furnished by w Hibbs &
BONDS.
shed by w. B. Hibbs & Co.
PITRIIC IITII .ITIES

| 2,200 Anacostia Potomac River Railroad SIS.
| 1000 chesapeake & Potomac Telephone 1st SIS.
1.l00Chesapeake Potomac Telephone of Va. SIS
a anIta al Tran fIon af n
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1922-07-11
COMMUNITY CLUB NEEDED.

The organized club of through which com
muny problems might be discussed was express
I'd at by the Cvcs Committee for the III
teres Legion Chauauqua This need has long oee
felt bv many in Maysv be hoped that the expressions
of those this luncheon will take concrete form
an attempt to interest others in such organization
enough to attend the several meetings
of the Community organized here about for which
Miss Alice Lloyd sponsor know that much is to be obtained
from even such local organizations organization such
branch Rotary Kwan Lion club the city would greatly profit
as well as the individual members
by the Cvics Committee i'll the interest OF
the Legion Chauauoua influence those
who originated had hoped for and this the
meetings of thinking and patriotic ci
about the banquet board.
Let's have Community Club that is linked with
great national organization.
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1922-07-11
THE SUNDAY SCHOOL LESSONS.

THE PUBLIC LEDGER last week resumed the weekly puoea
m Of notes ON the International Sunday School Lessons which were
loft off at tbe removal of Rev. j. Dckey from Maysvile For
, wears DR. Dey conducted this weekly feature for this news
paper and we are of opinion that it did much good
We have found DR. Dcky editor OF TINS de-
partmen in Rev. H. Ra the aggressive young pastor OF the Sec
ond Church. His first notes very interesting ana
we have many compliments them from our readers
We believe these worth while not only as aids TO te
who regularly attend Sunday school but know there are scores
who attend no Sunday except perhaps Goounua!
SchooDay believe therefore, that there Will be many rea
articles and profit thereby who would not oner"e nave
studied the Sunday school lesson
We invite you join the PUBLIC LEDGER Sunday school
class largest the city, each Friday and we are certain you WI"
find Rev Ray an interesting teacher.
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1922-07-11
A FITTING TRIBUTE.

Memorial University Association is endeavorng to
great National University memorial to the heroic
Americans of the World fitting memorial could be
devoted higher learning and special
izing in diplomacy and international relations.
Mrs L. H. Vea chairman of the Maysve Cvics Committee
has been Mason and from
known zeal and fidelity the interests of
county will be properly
the committee and that the university need and
worth will be properly presented to the people at home
the endorsement of all who would
fitting memorial the World War dead which
continue be of ncalcuae value America throughout the
future years.
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1922-07-11
BRITAIN PERTURBED

Dispatches from London the effect that American ship
subsidy BILL pending Congress- causing grave pertuba
tom in British shipping circles This good add
tona testimony needed soundness
furnished the London report The law drafted
sernaon into the hearts of British shipping glad
achieving purpose 1t the
capture much of the British carrying trade they
with the given by the subsidy bill they confident
relative positions of the United States and Great Britain
will be speedily reversed.
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1922-07-11
SUMNER ALFALFA SEEDING
BEST DONE AUGUT 10 to 90.

Lexington, NY. Under favorable
moisture conditions, the summer seed
ing of alfalfa is best done in Kentucky
George Roberts, head fthe agronomy
department of the Kentucky Agricul-
tural Experiment Station. When seed
ed at this time of the year the crop us
ually follows wheat, oats, rye, early
potatoes or any other crop that comes
off early. Farmers who expect to seed
alfalfa this summer should prepare the
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1922-07-11

ground for It as early as possible, Mr..
Roberts says.
"The ground should be broken six
or seven inches deep and worked down
to a we'll pulverized, firm condition.
1t usually is a good plan to precede
the breaking by disking. At this time
of the year 1t is also usually advisable
to drag or harro weach days'breaking
in order to pulveriZe the clods before
they dry out. The soil should be har-
rowed after rains in order to conserve
moisture. 1t also is desirable to har-
row whenever young weeds or grasses
eappear since alfalfa does not thrive in
their presence.
"If the ground is to be lined it is
good plan to put the material on as
soon as the ground is broken so that
subsequent preparation will hely dis
tribute it through the soil. Unless the
soil is known to be naturally supplied
with lime, this material should be ap-
piled at the rate OF three or four tone
of ground limestone an acre or one
half this amount OF burned lime
In all parts of the state outside of
the central bluegrass region it is de-
sirable to apply from four to five hun
drey pounds of acid phosphate an
acre. This may be done any time after
the limestone is applied and previous
to seeding and should be narrowed
into the soil.
Just before seeding, it is a good
practice to harrow and roll the ground
The seed should not be covered any
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1922-07-11
CUT OUT THE CUT.oUT NOISES.

Judge Yeatan of Cincinnati is filming automobile drivers who
open their twenty-five dollars and and it's certainly
going have its effect and the noises Maysve
infected with lot of aphead drivers who think they
ride without their cuout It's against the state law and
suggest Chief Mackey that convic-
ding Cincinnati of it
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1922-07-11
OFF TO A BAD START

The conferences The Hague appear have been wrecked
before they fairly under The Russians ques-
ion of credits for Russia be first discussed after which they
willing talk about debt and the rights private property That
practically that Russia demands substantial
granted she will consider the matter of security OF such
sequence of subjects impossible and The Hague meeting is
doomed follow the Geno pae disaster unless
prevail
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1922-07-11

Hair-dye are unknown among Chi
nese women as their hair is uniformly
black, becoming gray only in extreme
old age.
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1922-07-11

Pride of Mason Lodge No. 70 elect
ed the following officers for the ensu-
ing term:
c CIV. c. Patton.
V. C.-P. b. Word. z
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1922-07-11

The railroads have purchased about $4,000 freight
the first five months of this year. which the
Der bought during the whole of 1921 II the prospect
increased business and prosperity that dictated those
Inents
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1922-07-11

contact with moist soil and in no
case deeper than one and one-half
inches. If it turns dry after seeding,
rolling may help. The sub-surface
type Of roller is best for this purpose.
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1922-07-11

Prel-Thomas Riggs.
NJ. W.--James Griffey.
X. of r. & S.-R. p. Greene.
M. of F.-Jas. Cunningham.
M. of E.-Alfred Lewis.
M. of A.-Russell Morton.
l. G-Walter Thomas.
o. G.-Harry Barnes.
The New York herald., 1922-01-10
Many Newcomers on
Boston College Card
Princeton, Yale and Fordham
Mines to Be Met.

BOSTON, Jan. 9.-The Boston College
baseball schedule for next spring Is the
best yet arranged by that institution.
Holy Cross appears for home and home
games. Princeton appears for the first
time. the Maroons visiting the Tigers on
June s. The annual game with Yale will
be played at New Haven May rs. June o.
the day following the Princeton game, is
an open date. and meeting with La
fayette, Lehigh or Syracuse may be ar
ranged,
Besides Holy Cross. Vermont. Provi-
dence, Fordham, villanova and the
United States Submarine Base of New
London are listed for homo and home
games.
Unless otherwise designated, the fol-
lowing games will be played at Alumni
Field:
April 13. Northern College, 10. Vermont; !;
20. Providence at Providence; Fl, Vilanova
at Villanova. Pa; g.. Fordham at New
Connecticut Aggies. 81. University OF Maine :
%, New Hampshire State.
May 3, Lafayette; q. Boston University:
10. u. s.. Sub. Base at New London: JG
Norwich: II. Providence: 20. Villanova 23
y. S. Submarine Base at Boston: 25. Yale at
New Haven; ~. Vermont at Burlington; 80
Holy Cross at Worcester.
June !. Georgetown: 2, Middlebury; 3
Springfield at springfield: <. st. Francis
College: 3. Princeton at Princeton; 10.
Massachusetts Aggies at Amherst: IL Ford
ham; II. Holy Cross.
The New York herald., 1922-01-10
Good Shooting Marks the
Camden Co.'S Trap Tourney

Special Dispatch to THE New YORK HERALD.
CAMDEH. S. c.. Jan. 9.--E. J.. Moss.
Richmond. professional. with 81 out Of
100 clay birds led a field of seventy
eight gunnersin the Kirkwood hundred,
to-day's feature of the Camden Country
Clubs midwinter target tournament
J. NOVEL; Hawkins, the New York pro-
fessional. was runner up. one target
less
or the amateurs F. F. Lofland. Ply
mouth. Ohio. was high. with 90, winning
the Edmund Krumholz cup. with Charles
A. Young. the Springfield. ILL.,, veteran,
runner up. registering 81.
The amateur class trophy award, four
classes. A. B, and d, two trophies to
each class, bad Lofland high and Young
runner up In Class A. with u. r. Brooks
Columbia. S. c., chairman of the anna
teur committee of the American Trap
shooting Association. high gun, in Glass
b. with 92 targets; Jacob Fries. Buffalo,
n. Y. tying Robert Shellor. Sumter
S. c., on 80 breaks for runner UP trophy.
The Glass G cup went to ]. II. Cox, De-
troit. president Detroit Gun Club. with
Isaac Andrews. Spartanburg, s. c.. run
ner up. with 90 and Ss, respectively
while J. II. White. New York Athletic
Club. led in Glass p. with ss breaks,
II. T. Tremann. Pittsburgh, with one less
break being runner up.
The New York herald., 1922-01-10
Grand Circuit Stewards
to Announce Dates To-day
Do Not Favor Racing at Ken
ilworth Park.

CLEVELAND. Jan. 9.-The annual meet
ing of the Grand Circuit stewards opened
to-day with The rules and schedules
cornmittee in formal sessions. The re-
suits of the meeting were not announced.
pending action by the stewards In execu-
tive session tomorrow afternoon, when
the dates will be announced.
President L. A. Upton OF the Ken
lucky Driving Association, Lexington,
stated that last week the stockholders
of that organization voted unanimously
to continue the Kentucky Futurity as a
$4,000 feature and voted against re-
ducing the Lexington meeting to one
week.
General opinion among horsemen was
that the grand circuit season should
open at North Randall. as In the past.
1t was contended that last seasons CAM
paign was about as long as the average
harness horse can stand and that a
longer racing program would be detri-
mental.
Interviews with the stewards. 1t was
said, showed little sentiment in favor OF
racing in the vicinity Of Detroit A
majority, it was said. opposed granting
dates to the Kenilworth Park manage
ment and the Detroit Driving Club.
The New York herald., 1922-01-10
Havana Entries,

First Race--slx furlongs for three-year.
olds claiming; purse 800: 'Eiias o., 100
.Don Manuel. 1o3 .Sun Girl. 105; MARY D..
f05; Carruthers, 10s; wreckiess, f0s: Bitter
Biting. no: plurality. iIoi Fictile. 1i5:
Bounce. 1i5.
Second Bace-Five and half furlones: for
four-ycar- and upward: claiming; purse
s70O. sFrippcry. 0s: sThoughtless beauty.
gs: "Saln Rore. 102; Light Fantastic, los
'Rcy Ennis. f07: sWilic Woods, 1O7; sIittie
Buss. f0T; fncinerator. f07; Dragon, 1fc:
Count Boris. liz: Lee Enfield. liz; Pittsburg.
1f2.
Third Race-Five and a half furIongs; for
three-yesr-cids and upward: claiming: purse
s700: sLittle Black Sheep. % sKoran, %
son, 103. Old Sinner. f07.
Fourth Race-Five and a half furlongs: for
four-year r-oids and upward claiming: purse
800: 'Bacch hanalian, os; Machine Gunner
in3: Great Hawk, i07 sKdarc BOY, fO7
sNidian. fOI: Marion Hollins. f0I Lyric,
los: Toss Up, i0s: Kentmerc. i0s Judge
Dudrow. i0s: Hoover, ii2: The Belgian H..
i12.
Firth Race-Miie and flfty yards: for four.
year-olds and upward; claiming purse sTOo
sByrne. 100: Mack Garner 10s: Foster En-
hry. ios; Col. Lit. los; 'Dolph. ioo: 'Golden
sixth Race--Mne and a sixteenth; for four.
year-olds and upward; claiming: purse s700
.Johnny O'Conneli. oe: Mary Jane Baker.
100: Z0ie. t03: Navajo. 100: Ava r., 100
w, q. McCilntock, 100; sTimotiy ]. Hogan.
fO5 Little Gink, 10s parol. ifs.
Apprentice allowance claimed.