davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-04-19
Pierce Arrow Merger.

Now that Wall Street knows definitely
that the Pierce Arrow Motor Car Com
pany has arranged q consolidation with
the Lafayette Motors Company. its chief
interest lies in tho terms on which the
merger Is 20 be effected. The price at
which the stocks OF the two companies
are TO go into the consolidation is OF
course. the principal item Of interest.
Many traders feel that tho Pit 70 Arrow
interests would not consent ta putting
their property into the consolidation at
anything like present prices. but are
forced TO admit that its stocks. common
and preferred. do not act as thought they
were going TO be exchanged al n much
higher level. The principal difficulty in
figuring values In such an exchange lies
in the Lafayette side OF the proposal.
There is no good open market for the
shares which can be watched consis-
tently, so that comparisons are very diff
ficult. Officials of the Pierce Arrow
company expressed the opinion yester-
day that the negotiations and arrange
ments will have been concluded by this
afternoon and that probably II will be
possible TO give out a statement AZ to
the merger terms within twenty-four
hours
The New York herald., 1922-04-19
Market Reactionary All Day.

The stock market was reactionary all
day yesterday and gave evidence at
times of real softness. Reports from
commission houses indicated, however.
that there was no lack of buying power
just under current quotations. A wire
house reported the receipt OF a great
many buy orders at one point TO five
points under yesterdays prices and the
street generally showed that. although
its confidence in the market had been
rather badly shaken yesterday and on
Monday, it certainly had not been de-
stroyed. A canvass Of leading brokerage
houses revealed that there was sreat
deal of realizing yesterday. Some Of 1t
came from timid traders. frightened by
Mondays shake out. and afraid to
risk further inroads on the substantial
profits that they had accumulated
Other profit taking WAS of stop loss
character. The market was very orderly
all day and none of Mondays wild
activity was in evidence. Transactions
totaled 1.636.000 shares.
The New York herald., 1922-04-19
TOPICS OF WALL STREET.
Consolidated Gas.

About the only Industrial stock to dis
play real strength yesterday was Con-
solfdated Gas. which made a new high
at 11s%. Traders generally were at a
loss to account for the tendency to
ignore absolutely the trend Of the re-
mainder Of the list. An explanation OF
tho strength, which went unconfirmed.
was a report that the company was
planning a readjustment OF capital
which would mean issuance OF new no
par stock and exchange OF new shares
for old on q basis of two for one. The
dividend to be paid on the new stock. It
was said. would be "a year. or the
equivalent of ss a share on the present
stock. The current dividend rate on
Consolidated Gas shares is 81 annually.
The company's rate Of earnings. 1t was
said yesterday. was moro than twice
dividend requirements and IL could In
crease very easily its rate to an per
cent. basis.
The New York herald., 1922-04-19
I. C. C. Rate Decision.

interests identified with transporta-
ton are looking forward with much In
terest to the Interstate Commerce Com
missions forthcoming decision in re-
spect to the general policy that 1t will
follow in fixing freight rates. The last
official word passed thereon was the
statement of Commissioner ]. J. Esch
that the announcement OF the commits
sion's conclusions following It's three
months investigation into rates would be
made early in April. Although no
inkling as to the tenor of the decision
has reached railroad officials. their hope
Is that the commission will find that no
general rate reduction should be made
until operating costs, especially wages
come down. The belief that that policy
will be adopted prevails. There is pos
sibility that the commission will see fiji
to order reductions in specific cases af-
fecting coal and other basic commodi-
ties
The New York herald., 1922-04-19
TAX FREE
LEGAL INVESTMENT


CITY BONDS
los, 900 Rochester ~. Y. 1e3s-49 zoos
100000 Rochester. ~. y. AZ I9s1-45 1905
10000 Buffalo, n. Y. Al 1887 4.0oes
1900 Buffalo, N v. AZ I94I-4e i.00ss
1000 Syracuse. N. Y. 4l3 I837-47 4.00so
5000 Syracuse, N. Y. AZ 1926 4.00S
5000 schenectady.N.Y. 81 18SS-36 4.o5ss
5000 schenectady,S.Y. 1888 &.06e5
5000 schenectady.N ~ ls3a-s5 4.oos5
10, 900 Rochester, N. Y. AZ 19e8-eS 4.10e5
1000 Syracuse, N. Y. IA 192s-T 4.I0ea
1000 Niagara E'ls,N.Y. 64 1874 4.10es
5000 N. Rochelle, NY. 1912 4.1Oq5
1900 Schencctady,N.y- AZ 1s27-31 4.i0so
1000 Binghamton,N NY. as 1925-2s 4.10e5
10000 Mt. Vernon. NY. AZ I93e-34 4.1oe5
$4,000 Mt. Vernon, NY. Al 1927-31 4.15rs
1000 Yonkers, n. Y. 1923 4.15eo
5000 Yonkers. N. Y. az I938-42 i.15e5
$4,000 Lockport. n. Y. 1se9-3s 4.15e6
$4,000 Yonxers. ~. \. AZ 1824-2s 4.2oeo
Ie6, ESQ Yonkers, ~. Y. 4af I924-2S 1900
COUNTY. TOWN s VILLAGE BONDS
$1,000 scarsdale. N. Y. S 1a3e-5o 4.25ss
5,2i5 Oneida, y. v. I923-32 4.259o
$4,000 Liv'gstn Co.,N.Y. 1880 4.10so
1000 Jeffers'n Co..N.Y.5 1910 4.1oes
1000 HerisimerCo. .N.Y.4 192f-c6 4.10qo
66, 900 Yates Co., n. Y. 5 1924-26 1905
5000 Heriximer, n. Y. 5H 1871 4.25ss
5000 Dolgeville, N. Y. I925-29 1905
1000 Porter, NY. 5E 1924-29 4.50es
Descriptive circulars on the abore issues
furnished on request for II 10
NHTVlNNMfA HWRIETTTN
OPEclALlSTS lNl IusHclnAL BONDS
p4oHE SzR| TEc7r2
i35 BROADWAY NETWORK
The New York herald., 1922-04-19
Money Lower.

The renewal rate for call loans of
3I5 per cent. In the New York Stock
Exchange was the lowest in considerable
time. The rate was unchanged through
out the day. Outside of the Exchange
call money was quoted for as low as
3A per cent Time money for thirty
and sixty days was at Az per cent and
loans were made at that figure. In the
last hour call money displayed flrmer
tendency. but its rate was not raised,
reason for which was the unusually
large demand for Treasury bills at 81
per cent
The New York herald., 1922-04-19
Superior Steel Outlook.

z. W. Harrison, president Of the
Superior Steel Company. appeared yes
terday to be optimistic as to its imme-
dlate outlook and that OF the steel In
dustry generally IN a discussion OF the
following its directors meeting.
New business. he said, was IN good
volume and prices frm at SO 70 s5 a
ton above recent low levels. The cor
poration Is having no trouble as result
OF the coal strike, he said having a large
supply on hand. In addition, II is sit
uated close TO several small mines which
can meet all its needs.
The New York herald., 1922-04-19
RaiIrond Earnings Encoura rfnG.

The Interstate Commerce Conmis-
sion's final compilations OF railroad
earnings for February show that class
carriers reported aggregate net railway
operating income of S47,770.s97 aayed
out OF gross revenues OF S401.426,s72
Judging from car loading and traffic
reports for March, railroad officials say
pretty generally that that month Will
better February's showing. NGarch's
proportion OF 8 per cent. annual return
on railway property investm cnt IS
sS1.0se. 900 IN net operating income If
figured on the basis or seasonal traffic
fuctuation. In March, 1921. class
carriers showed net operating Income of
s30.695,000 or at the annual rate OF 90
per cent. on their property valuation.
The New York herald., 1922-04-19
EAR EAST
SOUTH AMERICA.
CANADA.

New York funds IN Montresi. s2a.s5 a
~ ,oon. Montreal funds IN New York. $500
discount 81 ,oo0.
The New York herald., 1922-04-19
Hydraulic Steel Preferred.

Tor the first time shiys II was ad-
mitted 10 the list, a year or more ago.
the Hydraulic Steel Corporations pre-
ferred stock was sold yesterday on the
floor Of the New York Stock Exchange.
There was a single transaction OF 100
shares OF the stock at 80. The COM
pany's common stock has been COM
active ever since II was listed.
but it's preferred stock had never before
made Its appearance on tho tape.
The New York herald., 1922-04-19
NEW YORK STOCK EXCHANGE QUOTATIONS.
rESpA m

Open High Low Clos- Net
M. ssf. est. ing. Ch'nge.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1922-06-11

BY a majority of better than ten TO
one. voters in Cameron county Saturday
approved the bond issue of S35O,OO0 for
the purpose OF completing the concrete
highway from Brownsville 20 the Hi
dalgo county line, west of la reria, the
road to tie up with the Si,250,000 road
program of Hidalgo county.
County Judge Oscar q. Dancy last
night announced that engineering pians
for the completion OF the project have
about been completed by Couney En-
ginecr ". o. Washington, and will be
forwarded TO the state highway de-
partment at Austin within two weeks
for approval. H. believed that work on
the completion Of the highway viii be
actually underway September ].
Thirteen miles Of the concrete pro-
ject between Brownsville and Harlingen
have been completed, and approximately
- miles remain TO be constructed. This
includes about thirteen miles between
Brownsville and San Benito and about
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1922-06-11
BANKER CONFERENCE
IN PARIS SUSPENDS
STUDY OF QUESTION
Try The Associated PresG

PARIS. June 1G-Compltte agree
mcnt amo; the allies on reparations,
n solvent Germany and settlement once
for all of the reaaratinns debt. the in
tcnational bankers committee find III
their report to the reparations com
mission. are essential 20 the success Of
an international loan 10 Germany.
In view of the fact that these con9i-
tions are lacking and because # objec-
tions # France 10 revision II the total
rcparatinn due from Germany. the COM
mite decided 10 suspend their study al
the question. though IL was confident 4
substantial loan 10 Germany could he
floatcd il these conditions are fulfilled
and they hold thcmsely's = ready To re-
sume coi sidcratiun # the question on
the unanimous invitation of the repara-
tious commission.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1922-06-11
Rumor Raises
to Five Number
Dead at Indios

The finding Of the bodies ~ two more
men. supposed 10 have been aecidently
killed in the shooting affray az Les
lndios dance last Saturday night, IN
which three men were Killed and oHs
wounded by a stray bullet, was a rumor
that reached Brownsville yesterday.
Sheriff ". T. vann said. however. that
~ had heard nothing ~ II. H- said that
he was at Los Indios Friday night oa
another matter and was in The eon-
pany ~ officers and citizens there.
and that 10 mention had been made az
such a discovery.
According 20 the rumor, on the Monday
following the triple killing the body ~
"A Mexican youth. about 10 years old.
was found in field some distance fFoa
the place where the shooting occurred.
There was bullet hole through he
body.
on last Thursday people noticed sons
huzzards lowering in thu vicinity. in
field. They investigated aud found the
dead body Of an old man. A bullet had
entered his back. according 10 the res
port.
A telephone inquiry last night 10 Los
lndios said that nothing definite re-
gardinE the rumors was to he had there.
II was stated that the rumor w the
fginding Of the body Of the old man had
been heard. but that il was not taken
seriously because II was believed to hAvs
arisen from some confused report re-
garding the original tragedy.
The report that reached BTn~n-ville
was said TO have been given ~ Mcx-
lean boy on the road between Los lnd.os
and Brownsville.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1922-06-11
PASTOR MUST STAND FOR
TRIAL ON THE CHARGE OF
FIRING LAWTON CHURCH
lBy The Associated rressl

IAWT0N, Okla. June 10. - Reverend
Thomas J. Irwin, former pastor Of the
First Presbyterian church here. and II
CALcwis. former elder, were bound over
for trial at the next term Of the dis
trict court on arson charges at the con.
clusion of their preliminary hearing
here late today.
The minister and former elder are
charged with responsibility for the fire
discovered in the church on April -
Both deny the charges.
The defendants we're given until Mon
day to perfect their bonds Of 500 each
Cor appearance NJ the trial. Ther are
now free on bail of $500 fixed at the
time the charges were filed
=. II. Harper. Justice of the peace
before whom tie preliminary hearing
was held. made no comment in annouu-
cling his decision.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1922-06-11
GARNER STAYS !
IN OFFICE AS !
CASE GOES UP
Attorney Claims Filing Of
Supersedeas Bond Will
Keep Him on Job II

BEAUMONT. Tex. June ~ ThrouEh
the filing ii supersed.as hpnd ~
Sheriff Tom Garner late today. the
sheriff according ~ II. Nj. Chester. ane
nf Garner's attorneys. remains IA nffIrr
Until the court Of civil appeals hears
the case.
The surerscdcaS bond. Chester rx-
planned. removes the ease FRONT h. iur-
isdiction Il the district court. and places
il in the hands ~ the court u rivt aTA-
pcals. which may not hear the ease until
some time in the fa., unless Il is au-
vancrd on the docket.
Through this move Garner remains
sheriff and will continue Ia otf.cc until
the court If civil appeals hears thu
ease.
The Jury was inst rurtcl hy tho trial
Judge just recently 10 return n verdict
~ remove Garner from offire heralsa
~ held that Gr nrr violated hi- oath
of office when Garner admitted he was
a member Of the ku kluS Khan.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1922-06-11
GOMPERS' PLAN TO GET
CARPENTERS BACK FAILS
fBy the Associated Press)

CINCINNATI. Ohio. June IO-Rc-
concentrations Suggested 10y Samuel Comp
crs. president Of the American Fedora
ti"n Of Labor. proposing that the board
% jurisdict:oEal awards reopen the de-
tiSi"n against the carpenters union. ont
of the largest unions in the federation
was rejected today by the almost unani-
mons vote of the building. trades de-
rmrtmcnt of me American Federation OF
Labor.
Favorable action on the recommcnda-
tion would have automatically reaffiliat-
cd the carpenters with the building
trades department. from which it seced-
I'd last year after a dispute
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1922-06-11
BEGIN WORKON
new NJ. E. Home
EARLY MONDAY
Beautiful Gothic Structure to
Be Erected; Contract to
H. l.. Fitch

Anuouncemcnt was made Saturday
that the building committee of the FIRST
Methodist Episcopal Church. South. OF
brownsville has awarded the contract
for or. cIion of its new church edifics
to Homer l.. Fitch of Brownsville. The
buildii will cost, complete. around
SI5.OOO.
Work Of razing the present frame
nnd sheet iron structure at Tenth and
Washington streets. to make WAY for the
new building will start Monday morn
ing The Methodist congregation today
will worship Ia the old building. which
was erected in 1909. for the last time.
After today the congregation will uso
the auditorium of the high school per-
mission having been granted hy the
school beard.
MIR. Fitch. in telegram to The He
raid last night from San Antonio. an
no,inced that cot struCtIon work on the
new building will bc started just as
quickly as the present structure Is out
of the way. He will reach home today.
The new church building will he one
Of the most modern church plants in the
state. The plans were drawn by J. \.
BavIer of Louisville. Ky. architectural
secretary for the Church Extension
Beard Of the Methodist Episcopal Church
Sonth. II il to be nf Gothic style OF
architecture. with huge colo, nadcS at
the frott If the building, which will face
on Washington street.
The building will occupy n lot facin;
100 feet On Washington street. and run
ming back 100 feet To the alley. II will
SIT on three foot terrace atd there
will he u step approach from the side
walk up the terrace to the building.
basement tn bc dug will supply the dirt
for the terrace.
With the starting of work on the new
building. the congregation Is about Ia
realize on efforts that We're started
more than five years ago when Rev j.
\. Ruffncr, the present pastor. first
came To Brownsville. The war AID the
exceedingly high cost Of materials that
Immediately followed il intcrfercd with
the beginning of construction. However.
NIL difficulties have now been removed.
and the congregation hopes t. carry the
work through Ia completion.
The contractor has asked six months
IN whirh "a complete thc huiding but il
* expected that il will be finished soon
rr than that.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1922-06-11
QUIET REIGNS AROUND
INDIANA COAL MINES

TERRE HAUTE, Ind. June 10. -
Quiet rcigned tonight ~ the krrHs
company and Morris and Faulkner mines
near here following Disturbances today
which resulted IN serious iuiury to five
non-uniOn workers.
Officials arc still apprehensivr %
fresh outbreak. hoNrver. aud armed
guards were placed about the mines. All
employees " the mines have been armed.
The disorders began early today when
q band of about one hundred men
marrhri tu the kcrns company mias
and demanded that the non-union men
lay down their tools The demand was
refused and the crowd rushed the rm-
ployes. iniuring five IN the fightiag
There was a similar occurrence later a
the Morris aud Faulkner mine. A
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1922-06-11
FESS DECLARES HIS
PARTY HAS FULFILLED
CAMPAIGN PLEDGES
LHv Tho Associnted Prcssl

COLUMBUS. Ohio. June 10. - Sound
ing the keynote Of the coming repub-
lican congressional campaign through
out the United States. Congressman ;.
II. Fess Of Ohio. cha rman Of the rcpub-
lican national congressional committee
and senatorial candidate. tonight de-
clarcd that the republican congress has
made good on every one Of its platform
pledges of 1920. and that the repub-
lican congressional candidates VIII face
the voters this fall on an affirmative
platform"
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1922-06-11
5000 Quarts Seized on Board
Navy Transport ---Officer Held

will he taken toward prcferring
charges against any of the Officers
or members Of the crew.
Information was received by An
drews. il was said, that the odor Of
whiskcy was discerniblc in cargo
being unloaded from the Sirius to
bargcs for shipmeHt to the naval
supply station Mt the naval base.
when the barges had been unloaded
search of the shipment was ordered
and then the transport itself was
searched by the marine guard.
Guards were Immediately thrown
aboard and alongside the vessel with
orders to permit no one to leave or
board the transport. The Sirius re-
turned from the West Indies about
a week ago and has been in the navy
yards since
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1922-06-11
tBy Alice Rohe)

MADRID. June 1U-AngcleS Often
il the singer whom Iuisa Tctrazzini says
will lie her successor.
The very fact that the Italian cola
rurn SopraIo has named Spanish sing
or a. the one destined 10 immorialize
those famous top notes j. something to
think about.
And this young Spanish singer l. onIy
20.
She lives in Madrid IN n villa whose
grillcd iron gates open upon a flower.
filled garden. Md She receives YOU in
a Moorish music room filled wirr anti
qucs.
I'm coming to America neat year "
she H. saying in Italian To the Me
tropolitan Opera House. | have sung
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1922-06-11
BOND ISSUE CARRIES
BY 10 TO | MAJORITY:
TO BEGIN WORK SEPT. |

nine miles between Harlingen and the
Hidalgo line. The new construction will
be eighteen feet wide, as compared with
IA fifteen. foot width, with two-foot gravel
shoulder, on The work already completed,
except for small stretch between
Brownsville aud West Brownsville.
The county commission has already
contracted the sale of the bonds to
Suthe rland, Barry a. Co, New Orleans
investment house, at "a premium of
S9305. the purchaser also TO pay for the
necessary printing.
The county judge has announced that
federal aid sufficient TO complete the
road j. expected on the new construction.
A total Of 755 votes were cast yes
terday for the bonds, and 73 against.
In the city of Brownsville, including
the Media Luna precinct, which Is a
suburban precinct. 239 votes were cast
for the issue, and only three against.
Two Of these were in Precinct 20, in
the Fourth Ward, and one in Media Luna.
All the other precincts went unanimously
for the issue.
Complimentary comment was made BY
Judge Dancy last night on the fact that
most of the precincts which will not
benefit directly by the construction Of
the road gave majorities for the bond
project, Point Isabel giving il solid
vote of ~ for and none against. Other
-bencfitting precincts which gave il
majorities were Rio Hondo, Santa Maria
and Los Indios. The Encantadaa or
LaPaloma. box was the only one OPP
posing the issue. Ii voted two for and
seven against.
Returns were had last night from all
except three precincts, including I'll Jar
din, Las Yescas and Los FrcsnoS. which
could not be reached because of the alb
sence Of telephone connection. The III
Jardin box did not open until very late
in the day. Returns from those boxes
cannot affect the result
BY precincts. the vote was as follows:
Point Isabel, Precinct l-bor, "a;
against, 0.
III Jardin, Precinct No. missing.
Media Luna, Precinct No. 3 For 2s;
against. /.
Las Yescas, Precinct No. 4 Missing.
Los Fresnos, Precinct No. 5-Missing.
Nillanueva, Precinct No. 6-For, II,
against, 0.
Encantada, Precinct No. For. 2;
against, z.
Los Indios, Precinct No. s-For, s.;
against, 3.
Santa Maria, Precinct No. 9--For, q;
against, g.
La Feria, Precinct No. 1O-For, CO.;
against, z.
iIarlingcn, Precinct No. ll-For, 40;
against. ,.
Harrington, Precinct No. l2-For. %;
against, q.
Rio Hondo, Precinct No. l3-For, 33;
against, Z.
San Beniio. Precinct No. IL For. 97;
against, 7.
San Benito, Precinct No. 15-For. l2S;
against, Is.
Brownsville. Precinct No l6-For. as;
against, 0.
Brownsville. Precinct No. 17-For. &c;
against, 0.
Brownsville. Precinct No Is-For IS;
against, o.
Brownsville Precinct No. l9-For, 81;
against, 0.
Brownsville, Precinct No. 20-For, 25 !:
against, =.
Brownsville, Precinct No. 2l-For, 8;
against, 0.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1922-06-11
CONFERENCE IN
MEXICO MATTER
NOT AGREED YET
Adjournment Until Monday
Proves Surprise to the
Mexico City Public

MEXICO CITY, june 10---.inuounce.
incnt that the committee Of hankrr.
meeting with Secretary OF the Treasury
lie Ia IIuerta mad adjourned it, sessions
Ia New York until Monday with no signs
nf a definite settlement Of the Mexican
financial situation came IA rather an n..
pleasant surpriS" 10 the Mexican pub
H..
The New York correspondents of Mex.
leo City newspapers have been optimistic
IN cmphatically stating that the confer
cncc would terminate today with Il Mex
lean victory. Today's newspapers, how
ever, assured their readers that the nc
;.otiationS are progressing smoothly,
with bright prospects of IN early agree
mcut entirely favorable to Mexico.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1922-06-11
MONEY SUPPLY LOWER

WASHINGTON. u. g., June 10
Everyhody's nockcthnok j. getting lighter
according 10 the monthly circulation
statement ISSUED Thursday by the treas
ury. June ], the per capita circulation
~ money il the country was SiS7S ~
c"mparcd with SIS - May /. and with
S.i.Si June !. a year ago
The total circulation June 1. was
SJ.346. .>::2i9I. while the population ~
the country was estimated ut 109.G05, :
oOO
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1922-06-11
T. N. G. ENCAMPMENT
CHANGED TO AUGUST
INV Tie Associated PressD

AUSTIN. Texas. June 1O-Ihe date
oft he annual cncampment Of the cavalry
units of the Texas National Guard has
been char ged from J'Ily q to II 10 Aug
INST Ii 10 81 inclusive Erieaiier Gen
cral Jacob Woltcrs announced today.
Woltcrs * communicating with the
Eighth Army Corps ~ San Antonio. Ii
il understood he made suggestion
whereby the various units over tho state
will hike Ia the camp. He hopes to OBJ
tain authority for tho hike.