davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-12-07
BedJOrdW drnsBusiness
Of SOcialistic Doctrine

ST. LOUIS. Dee. 6.-Ths initia-
tive and rssourcefulneHs OF Amer
team business men arc in dan.
ger Of submersion "by a rising tide
Of soeialistie doctrine and imm5d-
crate state regulation" A. G. Bed
ford. chairman OF the board Of di-
reetors Of the Standard OH Com.
pany Of New Jersey. said IN an
address here this Afternoon. Mr.
Bedford spoke before The eonven-
tion Of The American Petroleum In
stitutc.
lie expressed the opinion that
government in industry should col
fine itscl; 70 the prevention Of 10.
justices and to the education OF
private enterprise 80 It may better
help, itself"
Mr. Bedford denied insinuAtions
that stock dividends de.lared re-
gently represented profits Of the last
two years and emphasized that they
represented profits Of the last ten
or twelve years"
New-York tribune., 1922-12-07
Marine Reports

~, "a Robert T. Haras. siih erode On ~
Tom % InsrlIIa. a
Thomsu Il wb-sisr. T,nrico Nsv a. V
nobsrt = Hfrue .ifh crude oiii PIER &
20 pars'ow. foboa Nov "a 20 Rsbsu T.
Hague. Win cfucs on. or fompkihsyiiis.
Frsd gvinr. Tampieo Ssy ~. 20 Pss-
American psfroisrm Transport CO WifI
crude on. 81 romrfinsyilis.
rncas f1rl Tsmpico Nov n, 70 STAN
Al Transl0t 60. With crude on -
Ssrie nssr,s cDsul. 0sfs o., sf
skutffnf Nov D. Uudikavai q shields ~
~ isbranftssn. Meiiff A c.. eiih misf
civ 81 ssysssah. ssvsns.h fo., .. q.
ocean Go With pass and udts risf
0olf n Msrleo. Port Arhgr. - 0af
he.ninF Go vltA crude eAi hafonn',
NJ nunao. Gaive.ton Nov a.. 10 segth
efn Pee o. 60 With wffr Flfr an. NJ n
raycnnc. Philadelphia ufc g % Vacu.
y MI t Ham.sn tNo1. Sosa,s. ssy is
% Muns7n iins With sugar. hanonsl Ne
Mongolia. iismbyrr Nov ., % knsrissn
MALE ans mfae. Ilsf "a.
schr Teasie Arberg nr), Lgehrort n =
pee D 20 master in ballast cf Red ioot
nt.syi. Torfois nee Z. 20 peeahsntss
Futi 20 wlfh coal ifsf ft. ~
Dakarian ODrl. n0ston Dec ~ Wnff
star inf wfh mds' Per tt p
charles T. OConn0r horf0ik ntc q O.
N j Tracy with coal. Pier 4. q D
IoUan. Ioafoa Dse q. .l trlfsf An~ri
cen Line with mdaf Pier g. hssh ppeff
Etivn.
Eitonisn ml. phrafeinhia Drr 8. q
Whle ffar Linl With mfsf llrr "a
NinEogTln fH0rl. Ihladalphla Dee !
10 Ward Llns ulfh m e. ~. Ls|ny.
Easfern Coast, NorfoIk Dee 4. tQ H1
quehsnna 60 with mdfe Per ~
lFju
sisei Age Baltimore pee 3. % lsftmitn
Line Wlfh m isa kfafnay.
West oot0maka. Nsw London nfr ~
~ orr b b GO vim mdas ffni a. u tlyn
W ~ fibby Patton N1"rr Soy 10 90
-
Line with mdre Pier 1f D.
fChr Grand TURK Chlrlrsi0n Nog 10
% Tsniief0n Rf0g Uith mdas of Scot
land LlFhfshin. ~
schr Nav Manson 0rrensr. rernsnfina
Nov ~. 90 Fm0fT ffrf0n win mdff. on
Scotland Llghiship. n r.
New-York tribune., 1922-12-07
B BUSINESS Ne w 8
Wooden Men Plan Legal POOF'
To Prosecute Claims on Buyers
Sees Labor Costs Cut
By Greater Efficiency

lhereasod efficiency will lower
commodity pd Is IN the near fu-
tlre. In the opinion Of Jarvis ".
Mason. vice president Of the Amer
lean Surety Company. Addressing
the annual meeting OF the Laundry
Board q Trade Of Greater New York
yesterday Mr. Mason ta.di
"The country has been passing
through period q rsadIustment.
II has not yet reached stability, nor
can u reach stability until values
o. commodities and the value Of
service. including wages. have been
liqsiiated While feel that wages
VIII never be reduced 20 low as be-
fore the war. the Uni. cost Of labor
will be reduced Gs low, n not lower,
the difference being taken up In
efficiency.
He added that the shortage OF do.
mestie help will throw more busi.
ness 20 the laundries and urged the
laundry men 20 make the mos. Of
their opportunity by rendering eni-
eient service AZ reasonable charges.
New-York tribune., 1922-12-07
Country Produce

uu,t,r-Rsceinis we're ef5z paesssa,fi,ss y
crsrnsrv. highor than eriren lp', - 80
Sc: extras y score. tiei ~. 49, ieatie.
ss..,,ssi,,.s esrs % score, tsh ftoci
80 4-atf-. ~ gore. ttn t5hoi " -
..or. IfL y ifc. unaalled. hlt1el n.. i..
extras. tsasle; extras. % score W 4ile:
,t,-., grafss si04ahc; held ereane,y'
sigh seorinE. az csc; eIiras tle' 49,, 49,.
asft G4fMrt gecanda fi0 Hnci mAN
dsirr. tuss. hnest. " Z S,.o' Sc. 'sdiss
f.1a..' -s.r. ertras isd Sc. hrs's, ~
,.cond. ss- lower grade 'tVsse.
narklnF stock. current maf., 30 - wv
Ne, = &c r,seslpss ,osf we're ! 800 boHss New
80 q, ,te RAJ Iure specials. lb. .ty
ssitr. average ru7. aTn2l &c -" io,N
s,,t. eats. fresh specials 'It ssoi 49,
sEs 80. 4tsi.e. single Daisles. 2I& .
49,. Yeung Americas. 3sI4sse, -.
Frrs-Rscslrts Were ii.1si es.er Fmrssn m
-.fhsred. ertras dozfn. tVy ~. 80 al =
arsls ttes'e tft,s s.,s u eve srsdes ise
~ ,,ast eggs. stds SOC. dirties. 10. !,
;s0iSci 10 snd PeoF' 'jsafte. re. re-.
ehscha. poor 20 choice. a,l, ~. ,'ta "a
fris.rsiof;t t.,ss 49,, ,,aiis, hrsiI aoii SIC.
ehptI.s 80 posrrr. a40j0c. checks. 10
ssSshs s,tl sr,nsied sed ssc rsfrgerator ~nits.
...,hx 1f0 toc. Pacific ceest' 80 'sS
ether western 500 ltl, 49,. t,r
S,.-,.-,is~ rrsesss. rearhy wnttA ,,,taY
to,. n1s pseise coss, whiis. - Q &c. west, ct,
~. ~ 49, ara nir~c. tio1tr. ffseh, ~
r.-ast hfrrery whltet' uneAnoie'' .--
i6 Sc ns,rsy hssnsls nv ~a',S4 s,n4 % n.srsy
.ef fe..l 1900 rhitea average tAtfaa.
sssTie srira hrsis tsg.ss ,,s.,s nss,' 10 'sS ~.
80 raarby fathsred whltfA ilIs's " ~.
~ ~ 80. fsaesc. under grades. - ~.
pslsis sFE, .'',.'se, cad. '@as, smsii. 1io,ssi
s..,,ee coast whites eHtrss 'lHssP'
-. nrsss. Ct0ttc. nrsis lasso ',vs., m
ciuns str. puaeta. .. spi,ss tfl
sss New Jer ~. hrnnsfg eIo~"S s.,os,-
fancy no otnasl
s'fsas frso.ass,oss-j.i..y 6i,a,A 10 Is. . i's
its ,ea; ti7s63. Long islahd.
e. ts;iei. iss les, q s.gl,s ,s..
%. ~ ssNfte IA Al sea sgttta Jsi
s:y' sssks. issetils "a Ea''srs rsrslsss ss5a Sss.
iN s.ant s.iss. Lssieieea- - s~''
SlIl
New-York tribune., 1922-12-07
Business Troubles
rrtItlons In Bankr, ~

-. ,ol,owinr petitions r. bAnkruptey
we're nled yesterday Ia 'he United STATES
D'fiLiei El,NER '' 4. srEELE-yoiun,sry; Ts-
ehanical bail player. FouEAheelA"' "a-
bllflea. lto3. no assete e,.. a.,
FERsT BRoe-involun;ary: fvfs. ~
h1st etsifIP n,nen 5oRow satAry; dry
roofs i6at Routhern Bopievard, BroaE.
MTDpLFTOWN RUBBER CONTAIN
VolvntaTy. 90 washington street hidala-
town n. =; liabilities. t2sa-l' aesets'
bccJHiySzRaLE bccHiySRLEs D. HE1STzE-voiur,sry; -
Tie-rann Place; liabilities. t1'if9i s''stl'
VIII Petitions In bankruptcy
MARGoLIs q DICKER-Inyo'vntnr
ta6Ies' wear, stfs Broadway.
ADOLPU FTREIT-inyoiuntar furs,
fiG aouthern Boulevard, bronx. ,.
WARREN n HUTCHlSsON-- ~ oiunteIy {.
t.vgv@r 5s Maiden Lane. iiGb!iliieG. tas.5si:
no ssscts
Receivers IN bankruptcy
rhs following receivers IN bar kruptey
wsre Appointed yesterday In tho United
states District Court. - -.
Aaron l. Palmer. Anclllery for Henry =.
sammett, retail shoes win ooho OF '@''''
Schedules In bankruptcy
The following echedules IN bankruptcy
we're filed yesterday In the United States
Dist5sgs Di5sto5ssEPH " oREENBAUM CO.. NC
27ii Eighth Aver Liabilities. 'aAtot:
'sRaoSibfRT ZELTER. fHc.--LugEars. 1885
Broadway. liabilities. ti6.tts; assets. un-
GATTf-MouADE co.--Mill products
with principal offices "a 200 Fifth Avenue
and branches IN many elites; AaoiNtief, }l.-
iCgIeG. afsets. fl.2sA1f1.
gLM YAgNER-Cioaks and suits. ~ East
twentieth Street. liabilities. 'is,sts; as
Eoit t1t,5io.
Assignments
Adolf Raab retail dry goods, 1873 wash
,nrfon sv, 20 Samuel 3. Giucksman Of
New York City.
Ida cohen, dealer n butter. egEa and
groeeries, sst East ie7th At. 20 Edward
Hiatt
New-York tribune., 1922-12-07
More Silk in Storage

Deeilrei in toe imports and deliver.
les o. raw six 20 American mills last
month are revealed IN statistics Issued
yesterday by the six Association Of
Amcr.ca The amount of Six in ssor-
age in lhc principal warehouse hcre
on December :, however, showed n
further advance and topped the Noyem-
her I fgrres. which reached the high
point Boz the last two years.
imports last month totaicd 3f.733
tales. compared wi p i5.569 bales in
Ortobcr p 25.2-2 bales In November.
1921 Siik in storage December 1 was
reported at f7.l5o bales. against 4fS9l
on November /. and 10. on on Dscem
ber J., 1921. approximate deliveries C
American mills lasf maatA were 25A3l
bales, compared with 3i.41i bales dur
ing October and 24.955 bales IN Novom-
Der, last year.
New-York tribune., 1922-12-07
FlNANcIAL
hi ffcgisoN. TOPTKA BrD SANTA ~
RAflwsY COMPANY.

~ TcHisoN. TOPTKA BTD SANTA ~
RAfLWsY COMPANY.
Xs.lre Of he'd ~ 90 r'r1len' Cod
ve,es Series ~ ia"f, tH-T. 'ef-, - =
isi,. 1880 1881 1889. iD5S. ~ I'D, l2so. ,l'l.
a lh< aeffeeafe p-inciph amount OF i've
,-ries firhf hun 'red auI efh.y .y-iou
asrs-a1 e. hi hundred dollars ti5,stf,-
Uaro iss1ed u~dcr Equipment u.s.
tr cement Gltcd Jenuarr y i1 D between
efiis- ID. Hire. Dir ctor Gene ii NJ knl.
-. Ths Addison. Topeka ami santa Fe
gslws, Comptus and Ou n a. tiusi Com
IN, OF New YORK. o. Trustee.
NrfIea Ia hereby given no fHo nni or
s.vl.-.erf Colo Nofee srrfeH of 1924. 1875
iits 1921. 1925 taii .i' i'oli is'A
~ 1854 ana 1885. ifsYed unlcr Eqlip-
~ tsfttsa' Ma frr o. Hires D.@ector
.t-arsf rf N.I.Ca p. The AfcnisFr.
fcf.sa ana earta le- Eal way compony
snt G iuny gr comp oi oeg p fg,H'. ,.'
est,s Fe RslTar Company purs1ant 90
~ s..-s arl provisions ~ ire sfid Sniee
"a ef ihs above mentioned Equipment
rus Arusrsnt bees cicttel 10 pay en1
f.dein On Janufy l5. 1870 Nht nesi
,sal-srrnl .nifffsi dafe). % tho on
Sa .t BfoltTay, "a tbs Borough Of
"a. hs'ftr. ciy ana state no New YORK,
Ifgfst caftr sad Equlprfnt Trust Agroo.
merit s1 q fs1 Egu.pue1t 9oid Notes.
F. ]
1870. n-f. ifit litf. i03f anl 1885, issued
uulff s'd fou.r-tlf Trust Agreement, BY
uty'rf &C. principal amount n. eald Notrs
"a tcrUst i1isrfr 20 January it. ie2i,
itgt1G FI1 pemium Of (O per
atff n ~ yndpsL
I Cpsa rrffnis'icn % said Nctes together
Hih 2 coupons maiurlrf on sstq tsdoiap-
'l1t cs'e ttd tii gurFrQrr mt coup Ig
'it orct q ihe laid Trus ~. Tor cancel
tf'a o. m after January l6. 1929. The
wira-tl en- gnt OF sad ~ fes. together
gih 1i aN accrued interssi thereon 20
iats p IS itt and said Iemium. VIII
. rah 70 its persons entitled 10 receive
~ fmt Jrdfr me terms 20 said Equip
ns1i fruti Agreement Interest upon au q
AZ At'sf VII cease on January 10 1873
AT Neiet presented for redempfion must
f rfgolobe il form and be accom- il1nled
b properly executed ownership certihlates
= rggfsd by the Federal lncom1 Tax
-sN tre heru ef oua
fhM
III tTQusuN. TOpEKA AND SANTA ~
RAILWAY COMpANf.
~ 4 q DhM lac, aaaIftHnf .ecrftary
New-York tribune., 1922-12-07
sxAxcrAL MEETINGS
- -ep erOcKHoI.UERs oF
IS satidd 4, M Ntw YoRK, w.

- gQtlt Aiilh, xnnE.
-. = Hereby oi'.n .i. snss op,s,r, ,gssrv
.'.cs Of t.s kqsila',,s,t '',.,t,. = ~ .nf dIrsssisn
tt~ ie.t IN Truriefr ~ ne $50 Setn-
I1the tcAi s.iifd o - REID ~ tne
lIEIs e,r. "a tte aid Lomlehls. y ~
800 ls,4..1 street N tne ssto Sars a. fhe
.<ss m q 2 eiil 80 1929. af soc
~ az ~ afternoon Tho oo'se' e'
y 81. m,.sins ..,,'s sr.ss she lnersass OF the
~ sofs .,.,,,s q $4,000 shsrss
4fst.tet. ce,e oe SEQ. each. 20 tse,-
fikr ~ '.~ sf 100 900 shares OF The
afite fpg t,ss sach frnx ~ increas.
~ rslrf s'rfrf.nr of tQ,Qqs shaFea ot
~ 80. n 500. tacn. -..f,- ~
~ 80 ssat fconoistlng Of
siati. "a ~ far ealae of slee.
lstt ihals. .i.-irn az fhc rate q tlp9-
al 81 A. ssrcr % fior tiol lrrt
81 e. 80. 81 record on " BOOKS hi
= =, N t1snsss on i.t ~ "
49,. i'ii. n ih. +, sse.s of
ttd q runai anI nfia hf
- t..s ~. ttoiders fn own nl lei.
80 ni p ..t...r.t ions o. D nlt.'
rN 80 ftfl dav o. ..,.,iti, i,,-.
~ .s.f ,n.h seralaiioss ~. ~. - m,iys
st ~ it tin.-st .t.,.s and .nannsr
<nmtift -. ripfion1 t0 BE- giytn
= mfkaf 49, IA tie Company io. each
b DE scr. ...srs On tfr Ftl l'.h oeg
- kno.,, 1873 By mailnt COPY ..
,5fiss 10 ta-h t.s al is.ei me
ns kao~u -. nation of fhe p-riad
aays bf.oit go agrscnpiion cen o.
fufuE Nnieh r..4e irf sac tl - un-
ftaff Ana ~, a ihs hfe ntife Noil
ort "a Al flaltf s-.t1 for 10 -t,rh
i fakta an sssb ti,re.
uart1rs in ~ ts slif Executive Com
snf 10 l..eo' D. ggcl pri - loW-
rar,c. ~ y, ,s.s ,Asa tloe. per shsre'
et.,I "Is a1'let s,rt new aosh
stefa.ete nf5o share of ne par
rsofidIfg 'stsl e. q STOCK dividend.
tlus q ~ - yih day ~ be cmher.
saytth - itsrsaffer tE vert can
it.t r - rock .o'drr1 o. t.e tew-
tf ntte ..5 o. ifs books 90 Zoe close
itEf q !, :. ~ 3efh day 90 December
y. 4 ~ poaeHion NJ one l".'N pi
slan "a tfid by each of ga'H stock
cs. - shoEn iy tad books. and 20
80 iht .fansfs. ifom tne surplus
-t,a,-f III fhs Company t1 TIRE fapiial
err' q ifs Con pany o. &c sym 81
ttwtr being an amount equivalent 60
~. ,s,sl ptf ttluo Of fAid stock dividend.
81 10 take s1.h cther action az may
.k.ofrs eo1e before the meeting in re-
ftftn 10 the propose II f"nrn OF said
.tsf1i OK 8nd tlc disposition tncreot
Tbss6 New YORK. Dcctmoct l9.s
ALVIN 49, kItE H.
yr,rssti a. The Equitable Trua. COM
WILLIAM =. ECR
t,trsiiy ~ Thr Equitable Trust CONF
psrg " New forN
New-York tribune., 1922-12-07
nin AIills Cnrnhinc

BERLIN. Dec 6.--.Thc merger OF tho
Torstmau & Hrfmaun Co.. ~ Werden
Wcitphala. w'th 't0chr & Co.. oi I.e.p
zie. was announced a. che oi.ecs o. ihe
two companita j. Berlin to-day. The
Forttman & Hoffman, Co. is probably
the worlds largest producers ~ hirh
Grade uorcn's wear worfteds and
w1o'cns and its products are sold in
practically every country In The world.
gtoehr & Co. manufacturer great guam
titles Of high grade yarns and l.. this
cid is on Of the largort co Germs in
Europe. Recently. Stoehr & CO. has
been buying up yarn mill properties all
over Europe. The Fo-siman q HUI
mann Co. has is American factory in
paa.aic. " j.
New-York tribune., 1922-12-07
Cleared

b. Korsf9rd fNorl Nis'as. waiionf -
Huron. Hart. Monte crsu ass Puerto
wovni clinton Nichols. Hamburg
frrrf frfnrI .rr frfa
nargs james blight Gregory; winfssr
0iusepuo Yerfi rn para~o psisr.,l
Nanies and c'rca tia Boston acDornsf
p Trufa
camaauey Campbell. H,y.rs enc
Exeter cfv 'n-f. Davidson Cariir and
H~iTf0i' rhHrrT Fffi p Son.
C0nfrrHc staples Iarts8rfnIs Va
0hAriesfon. Clyde Iirs
p .iladsiphia. Lsek' narinors; ciyss
WI ca Halsey. Galveston. sau'h.r
vs.eall. Robinsons po.,oa. Esr,rr
= Lbsy rbomp,on. n,ton nour
s,sr ~, 4 wcrn'vr. Br. Hsid,-
Perth Amboy. 0nmarin a 80
No. .sp panh jensen, A'fi,lk Boz
cl,y 3, ssyannah. Bora s,wsa,h
re'e-is WIZ psrl vsh.srbur.
chririiara. Cfrffianurf and Copsr
a.fA Fun-t q fre a CO..
s.ra-sa 'sweH Fffk Lsrl5st ana Ls
bon Fnrnffa WNHy
8ugllefro peirce fID. Raerrf. IA
.
Hamilton. Nfinn. Norfolk oid n0W.n.
i0n TrnnTrnrfaf-nn O..
n-enfa To. Martcnouch. phiiaisiDhia
rolfca hrla
Notauk. fners-i. Charleston and Jsct
aorviUe Tfy 'e ffna
Pr ~ Weller RoFen1urg TeFas cifi
I Hague.
coilersr Woime. Bordeaux 20 phir
felphla Cosmopolitan sa GO.
presiderfn WILSON NN. ifurHrrh
Azores ani Lisbon VIA u0Hon rhs'rl
Bsos
palona fCubsnl ifanum Manau an
pusrfa padre. Munsln Lines
r omas 70 Wheeler Mckenzie. Tampicc
r T. Harue
gres5. ward frf
Ecuafor. Ffenlnv crsohaL HaYanr
anf San Fanrrct W. Grace
20 Barstou. wallace. fofaa cry d b
schr Ralph 8 parsoss Baird. S.ssrt
t-fi--s ci.-.. Cortland North Atlanti-
ana western s5 20.
r l.a sgf, .u1rssn. oenoa Reuben
l. Cameron.
Lloyd sahau 'o,
West oueechss. LundEust. Livsrrooi
rFp0H TfanaD0fati1n 60.
CLEARED. Tuesday, Dec 3, Alisian dan
y -; Csrdenas 20 philaftlpnia. aunsor
Lines
New-York tribune., 1922-12-07
Cuba Cane Sugar Shows
Marked Improvement
Net Profit of s28,2I9 for Year,
Compared With s9,7l2,O00
Loss in Previous Period

The Cuba Cats sugar Corporation
made marked Improvement IN earnings
during the fiscal year ended September
30. according 10 the annual statement
re oascd yesterday afternoon. There
was an oDorating proft Of $500. 900
and a net profit o. S28 2i9, after in
terest, discount and ,axes. az r. mparsd
with y net loss Of s1.7i2000 In tho
preceding fscal year. There was a sur
plus Of s3,757000 at the end Of the hs.
cal year.
TIE balance sheet showed $685.. 900
cash, as compared with S24j20OO a.
the end Of the previous year. Tho
held on September 30, 1921, were dis
posed Of during the year. Bills pay
able were reduced S2,o00,0o0 and ac'
counts payable and accrued charges
were S3.9Si 900 smaller.
New-York tribune., 1922-12-07
Consider Direct Acton TO
Cub Abuses 0piimis'ic
Fu'ure SlSelched; CT.
ford Elected Prcsiden

Pi'ns providing FOR the American As
ISOLATION Of woolen and Worsted Man
u'acturcrH 20 institute suit IN ils own
name on claim properly assigned 10
u against a customer by member,
fftcr an nmicahle means Of adjusting
The claim have "a led. we're laid yOsier-
day a. the assoc atoms annual eonven-
ton az the waldorf astoria Hotel. ni-
rect action was taken empowering tho
pres dent OF the association 20 apo NJ
q committee 90 investigate the plan and
report back within thirty days. The
plan, Which has been much discussed
in the wooden trfdc OF late, N adopted
viii give the cloth sellers mo~e rover
90 force settlements with clothing man
acturcrs who practice Wha. the cloth
men consider unjust returns Of mer-
chlndisc, cancellations ~ orders and
other abuses current IN tho trade.
The outlook for the future in raw
wool and the mems and womcn's cloth
Ing Industries was presented hy Al
bert ". Elliott. of jeremiah William
z Co; william Goldman and Max
lachman. respectively. Mr. Elliott
leaned 90 the view that raw wool is
likely 20 be high priced Tor some time
20 come. IN view o low production,
especially Of the higher grades. Mr.
Goldman, speaking f1r the clothing
manufacturer, predicted a Good but
not a big year in 1923 In cloth ny
The overconf business, he said, is like
ly TO f'll below what IL was this year.
lie cautioned against too rapid price
advances, and urged price gtabilizat on.
In his address Mr. Lachman referred 20
the labor troubles o. the cloak and suit
trade, particularly the effect o. the
week work system in keeping un prices
which hampers distribution and tends
90 eurtall production. On the whole,
however. he was optimistic for the fu-
ture.
A L. Clifford. OF the Worumbo Com
reny, was elected president 20 succeed
j. p. Stevens; +. T. Maxwell. Of the
Hockanum Mills Company, was elected
yicc-prefidcut. 70 succeed j. Francis
Lcgg, and Alfred A. Whitman was re-
elected yico-prCsidCnt
At the annu7l banquet last night
George +. Roberts. o' the National City
Bank, discussed tAc current business
situation ard the outlook for 1928 in
on optimistic vein.
New-York tribune., 1922-12-07
Cuprenty Trus' Elects

TIE Guararty Trrst Cemnany ~
rectors Yesterday elected Samnel W
Pcvbu-n and Joseph r. I~aDo diroe-
t-rs OF the comrRny. DIT. keyourn. IN
addition 20 being president and d.
reet,r o. Lord & Taylor. Inc, Is con-
neeicd with many firms and corpora
tons IN New YORK and other cities
SIR. Knann Is Chairman o. 10 cyee1-
live committee OF tie Cro-ell Publish,
inc Company. ctAirnan Of The bard
Of the American Lithographic Com
nanv. senio- disecior ~ the Mctropoh-
s7 LIE Insurance Company end OIL
cor and director OF OF er companies.
New-York tribune., 1922-12-07
Cuban-Americsn Sugar
Company Reporis S2.O23,4i7
Profits for the Year

The Cuban-Ameriean Sugar Com.
many. In its report r the year ended
sortember 80. 1929. showed net profits
q s2,023,li7, after Interest taxes' de-
probation, etc, equivalent. after PEE
or.eA dividends. to gf47 q share lpar
500 earned on the tl0000.0O0 common
stock, comnared with net loss OF w.
800 73i in the previous year
The c0nso idated profit and loas ac'
count 'or hscal year ended septem ,ef
20. 1922. showed: Total Income oi So
9o9 .2g3. evrensas teXes, ETC., F2O,lal' -
O7g: profit. s4,6S22t5; charges. ss'ooo .
T Y: net p-o't. g 0234if; preterrso
dividends S552.5'6. surplus >lfiV'
ssf: previous surplus, fi89s2.
New-York tribune., 1922-12-07
nlLI 4 KILnrRN CoRroRATIoN

fssie3 rfffosais for the sale f0 FIDELITY
TRsT CONrANY. Trustee. a. q price not
n nrfad % : per tcnfu o. par an1
crutd i'ifferf ~ "a sufficient amount of the
Vru Moftrare Twenty Yfar CO S.nting
Isni Goa Bonds of the Hale 4 Knburu
io,pofiilN 40 exhaust the sum o. tb. 5000.
rii b received an me once ~ said Fidelity
ifut COMPANY Trustee. 3i5-lsi Chestnut
Greet maiepha. until Friday. pscefnocr
~. 1879. on it rc.rck M
FIDELITY TRUST COMPANY. TRUSTEE.
WIN A.. GaF. Frct!fcut.
Fhllaaelphia December tn, 1872.
New-York tribune., 1922-12-07
London Wool Sales

LONDON. Dee G.-Amcrl,ar demand
is quieting down at tho wool sales
here. Interest 90. American buyers ls
chiefly concentrating on good slipes
and fine New Zealand greasy wools
At to d1y'f auction 1896 bales Of
Colonial wool were offered. Large Of
feriret Of ordinary slipes sold oeea-
ion-liy 3 ncr cent below last weeks
fCuref. Faulty secured msrinos, prin-
c'ralv Continental style. were often
10 20 10 per cent below October closing
rates.
on tho other hand. several lots Of
greasy Victorian srinners' 70s sold for
Sod. q penny above tho bids received
on November 81, when collections Of
these wools were withdrawn.
New-York tribune., 1922-12-07
Sailed Yesterday

Eiisha walker ramrico. Maiarca Haru
fJarJ. phifafefrhiat ffafs Noon Tore
An nrlafo Frrn. fn Wfnunn. raf-nr
Boston. Y0rrk fGarl. Brewer prrrffsr
Adams. London Lincoln fanf Ham rf0n
Roads freeman Ncrf1ik C0marrff.
Jacfs0nVillr ana charIaHrn 20 ca raI.
Wairn Ty4rhenia Nlrl. Genra. rrnrhr
Galveston Mffanan ffnrrf0r -s1rfran
fNorl Norfolk NlrViuia rnrrfsa nhf
wonf Sfrarr1 fnD LISBON. fWr.saia
fDanl TffaH' UarinfnH ff.af.ft r'H
delpha. Baiiimorss 0uriIrino Pierce
ffaN NHn.fH Hfr. t~0H IN Nrunrr.frr
rchr Nancy Han.a Norfolk
New-York tribune., 1922-12-07
Unsettled Price
Trend Continues
In Curb Trading
Oils Move Uncertainty, In
dusirials DsNelop Irregu-
larity; Standard of Ken.
tucky Rallies 20 New High

Irreguiarity continued 10 govern
price movements In dull trading on tho
Curb market Yesterday. Standard oils
we're fairly active and some OF the in
dependents again attracted attention.
but industrlnls were quieter and un-
settled.
Standard o, Kentucky rallied 20 r
rev high. with a net gain q ? points.
New York Transit. selling ex dividend
ts3. gained p ints. Cumberland Pipe
line worked higher on announcement
Of plans for a 100 per cent stock diw-
dend. Southern States OIL rnled hrmor
on favorable field developments. Cities
Service reacted tlightly.
Motor shares N wed irrcgularly ennd
other industrials disnlayod irrogulnrity'
New-York tribune., 1922-12-07

aual convention OF the International
Association Of Carmen. Nan ifaeturers
{ tho Hotel McAlpin. which continues
'o-day. Regional committees 20 fight
tho prison labor contract system In
arions states will be- appointed. The
likelihood u the swstsm's growing into
\ greater menace" than % now is was
outlined by G. R. Humphries, Of the
Vat onal Committee on Prisons and
Prison Labor.
President Galbraith Miller OF the
Monarch Manufaetur ng Company. Mil
waukee. predicted a "fnir" business FOR
the manufacturers OF work clothing.
shirts and similar articles during 1929
New-York tribune., 1922-12-07
American Loco.notlyc Orders

The American Locomotive Company
announces that In the last few weeks
Il has taken orders for i07 engines.
Tic largest single order was for 90
engines FOR the Northern Pacific Dem
yer { Rio Grande has bought %. Della
ware, Lacka wanna & Western O. 500
Line 3. Central OF New Jersey 10.
New-York tribune., 1922-12-07
Commercial Credit

The commercial money markets re-
main fairly active. with discount rates
unchanged. Commercial p'pcr discounts
q ~ 20 ih per cent. The American
fcecptaacc Council yesterday quoted
be following discount rates on prim
,nkcrs' rcccrtaures eligible for rur-
nLnan D.. rnL.rnl nnanrrn hnnL..