davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-10-22
TRUNKLINE HEARING
STARTS TOMORROW
Association Will Hear Ship
pers on New Rate Proposals
for Whole Week.

The hearing on the question Of estab-
fishing freight rates in Trunk Line terri
tory on a class rate basis starts to-
morrow In the Y. NJ. C. A. auditorium
OF the Pennsylvania station. The Trunk
Line Association. represented by its
entire week to listening to interested
shippers. At the end of that time a re-
port will be made on the outcome.
Mr.. Collyer said that New York in
terests would be on the stand tomorrow.
It Is expected that James C.. Lincoln,
director of transportation of the Mer-
chants Association, will be the principal
speaker. Daily sessions will be held
from 10 o'clock in the morning until
4 80 in the afternoon. On Tuesday the
testimony will come from Philadelphia
and eastern Pennsylvania shippers ana
business men. Wednesdays session will
be devoted to testimony from Baltimore
shippers and those from the Maryland
freight district. On Thursday Pitts
burgh and western Pennsylvania ship
pers will testify, while on Friday
Buffalo and western New York interests
will appear Unfinished business will
be cleared up Saturday, after which the
hearing will be adjourned.
The hearings have been arranged
solely to provide shippers with an OPP
portunity to comment on rather elab-
crate system of class rateo which has
been drawn up by the traffic experts to
govern freight movement in Trunk Line
territory. The work of compiling the
proposed rates has occupied something
like four years time. The association
merely has suggested a basis on which
class rates can be established. Some op-
position Is expected from shippers who
find that the rates on the commodities
in which they are interested have been
advanced, but the associations manage
ment Is equally certain that the new
scale will be welcomed by many others
The usual thirty days notice has been
given, and it is understood that the ship
rers Will come to the hearings with a
formidable array OF data. The hearing
Is informal. Invitations have been sent
to the Interstate Commerce Commission
and the State commissions In New York,
Pennsylvania, Maryland and West vir-
ginia to send representatives to the con-
ferences.
The New York herald., 1922-10-22
TOPICS OF WALL STREET.
Foreign Exchanges slump.

Several new low records were made
yesterday in the foreign exchange
market, which continued under the in
fiuence of the political situation in Great
Britain. In view Of the uncertainties
produced by the change in the British
Government. the buying power in the
foreign exchange market has been re-
drced to a minimum. This condition is
expected to exist until the time when
the new party in power In England
shows its attitude toward the repara-
tions and the Near East question. New
low records were established by French
francs at 1919, Belgian francs at
6.7Sla and German marks at 2%. In
the cases of the last two the prices
were the lowest for all time. Demand
sterling also was weak and declined ss
OF q cent to $4.45%.
The New York herald., 1922-10-22

l.. F.. Loree. president of the Delaware
and Hudson, denied yesterday the Seran-
ton report that he was to resign. 1t Is
understood that the report was circu-
lated as part OF the shopmcn's cam
paign for a settlement with the officials
OF that road. Mr.. Loree further denied
that he was planning a trip to Europe.
1t was explained at the Delaware and
Hudson offices that Mr.. Loree originally
had planned to take his annual xaca-
ton trip to Europe late this summer.
but that the acute situation which de-
veloped as a result of the walkout of
shop workers forced definite abandon
ment OF these plans.
The New York herald., 1922-10-22
FIRST SEPTEMBER RAIL
RETURN REVEALS DROP
Kansas City Southern Reports
Less Income.

The Kansas City Southern Railway.
the first carrier to publish It's earnings
for September. reports that operation in
that month resulted in operating income
OF s35s.1s5 after taxes. contrasted with
s414,43s In September. 1921. It's gross
receipts aggregated s1.7Sl,5so, compared
with s1,s1o.fis in tho same month
year ago.
In the nine months ended September
30, 1922, the company saved total of
se,768,963 In operating income after
taxes out OF gross revenues OF sf4,725,-
s64. compared with s3,762nso IN oper-
The New York herald., 1922-10-22
Mex Pete at New High.

Shares Of the Mexican Petroleum
Company in the short session reached
2S4A. the highest price, since 1919. The
strength Of Mexican Petroleum and Pan
American issues was accompanied by
fresh rumors that Pan-Anaerican would
declare stock dividend and increase
the cash dividend to per cent. or s
per cent. to be followed by an offer to
exchange one share of Mexican Petro-
leum for two and half shares of Pan
American b stock. The last offer was
on the basis Of one share OF Mexican
Petroleum for two shares Of Pan-Ameri-
can b. Pan-American is earning at the
annual rate of $24 share on the pres
ent stock, while Mexican Petroleum's
earnings are running at the rate Of
about $40 a share. nf
The New York herald., 1922-10-22
Equipment business.

Dspite the fact that most OF the new
tonnages In rails were cleared Up by the
carriers before the price advance OF the
United States Steel Corporation and the
independents became operative, the
equipment Industry continues active.
Rditicuy Age notes large locomotive
orders In prospect by Northern Pacific.
while Rock Island has closed an import
ant contract for new power units. Some
substantial new orders for freight cars
also have appeared in addition to con-
tracts for the repair Of existing bad
order rolling stock.
The New York herald., 1922-10-22
Bank Clearing. Expand.

For the thirtieth consecutive week
a gain was reported in bank clearlngs
throughout the country as compared
with the same period a year ago. For
the week ended October 21 the total
for the country was $9,184,110,572, an
Increase of 26.2 per cent. over the ST.
27s,6S0,505 level for the same week
last year. The New York total was
1890. 900, 900, against s3.22s, 500, 900. an
Increase Of 36.1 per cent. The largest
gain was 44.3 per cent. in Baltimore,
where the total was S92,51o,130. against
$64.107,924. All cities reporting showed
an increase over the same week of
1921.
The New York herald., 1922-10-22
Competitive Bid. ON securities.

Banking comment regarding the forth
coming hearing before the Interstate
Commerce Commission on the policy Of
competitive bidding for railroad security
issues was somewhat reserved yesterday.
the opinion being expressed that the
matter was more or less routine and had
been brought up because OF suggestions
made in Congress. 1t is not believed
that the bankers and railroad officials
will face O difficult task in convincing
the regulatory body that such procedure
would result in confusion and thoroughly
disturb the present effective relationship
which features railroad financing.
The New York herald., 1922-10-22
May Pay stock Dividend.

A special meeting of stockholders of
the Pennsylvania Coal and Coke Cor
poration has been called for December
81 to vote on a proposal to increase it's
capital stock from $4,000 consisting
of 10000 shares Of $50 par value, to
S12.000,00o. The letter sent to share
holders by Thomas II. Watkins. presi-
dent. said the increase in stock is recon-
mended to make additional stock avail
able for the payment OF stock dividend
or for other corporate purposes. The
directorate is considering stock divi-
dend but has taken no action. 1t is not
proposed to issue any additional stock.
The New York herald., 1922-10-22
COLUMBIA GAS INCOME UP.
September Surplus Increases 27.5i
Il. G. over 1921.

Tho report OF the Columbia Gas and
Electric Company and It's subsidiary
properties for September shows a eur
plus OF s325.3s1. an increase OF s7o,1s2.
or 2751 per cent. over the correspond
Ing month last year. Gross earnings
at s1,334.5s7. showed an increase of
s226,349, or. 2o.4t per cent. while ex-
penscs increased 1926 per cent over
last year.
For the nine months ended September
80 last the company's surplus amounted
to fs3s23.561 an increase Of s640,S93,
or 2O.13 per cent over tho correspond
ing period Of 1921. The gross earnings
were s1a.402,sb7. gain Of 22.42 por
cent, while the increase In expenses was
1851 per cent, the total standing 1t
ss.64o,s53.
The New York herald., 1922-10-22
Coal Loading Figures. .

Reports concerning the loading Of both
anthracite and bituminous coal indicate
little change from day to day. The car
riers are believed to be maintaining q
rate of loading close to capacity. Con-
gestion at piers and terminals in New
York harbor is little changed. although
a slightly better demand from consumers
OF steam sizes OF coal has been reported
during the last few days.
The New York herald., 1922-10-22
WaIthani Watch.

Protective committees representing
holders Of the common and preferred
stocks Of the Waltham Watch Company
haveybeen formed with respect to tenta-
tive financing plans drawn for the pur-
pose of relieving the company of its
topheavy floating debt. The preferred
stock committee consists OF Philip Dex-
ter. Ezra Fitch and William MInot. The
common stockholders committee Is COM
posed OF 7. Tucker Burr. william 3. H.
Dowse and =. Mason Hamlin.
The New York herald., 1922-10-22
Edison Electric of Brockton.

Directors of the Edison Electric IL
Illuminating Company of Brockton. Mass.
have declared an extra dividend of So
a share in addition TO the regular quar-
terly disbursement of $3.50 share, both
payable November to stockholders OF
record october "a.
The New York herald., 1922-10-22
Union OIL Dissolved.

Stockholders of the Union Oil Com
pany Of Delaware. the assets and liza
bilities of which have been taken over
by the Shell Union Oil Corporation, have
approved OF the dissolution of the COM
pany.
The New York herald., 1922-10-22

%: bacons. lbs, 20a.b00 lard. lbs, $685.
545: cottonseed oil. lbs. 10000: tallow. lbs,
The New York herald., 1922-10-22
MONEY MARKET.


TINE LOANS.
Mixed collateral, GO dayG. G.................
Mixed collateral. 90 days..
fndustffals, 60 days. .-......ss..s-s....s
fndustrials, 30 days ...........s.s..s.ss
COMMERCIAL PAPER
Best names, 4 to G months. e.............. ~
other names q TO TDopths. AZ
DISCOUNT RATE nTSTRvE RANK.
Commercial paper. 10 days. 4; GO 10 %
days, &; Liberty bonds and Victory notes, IL
days. 4; f6 20 90 days. I: bankers accept
ances. Is TO 90 days. 4.
OPEN MARKET RATE.
Call loans and acceptarces. .......... .1ise.
Discount rates on primo bankers accepts
ances eligible for pnrchaae by Federal Re-
serve banks:
Bid. Ask Bid. Ask.
90 Days. d ~. S% 100 days. ~ S's
CLEARING HOUSE STATEMENT.
Clearing House exchanges, ssa3, 900. 900:
balances. see 900 600: Federal reserve credit
balances, ts0,000.000.
SILVER MARKET.
official bar silver In New York. don sstic.
9pAc., UNCHANGED foreign. 6a&c.. un-
changed: London, 8SMd., Unchanged k-txi-
can dollar, D1o., unchanged.
The New York herald., 1922-10-22
SPECULATION

have a wonderful opportunity
for an individual or broker who
can command $50,000.00 for inn
mediate investment for the pur-
chase OF plant and equipment of
well established manufacturing
concern located In Philadelphia.
Money TO be secured by plant
and equipment plus personal en-
dorsements OF substantial men.
Business can be made to yield far
In excess of average IL oppor-
tunity is grasped at once. State
full particulars as to your capa-
bility and financial standing IL
interested. Y 210S Herald. ESQ
Broadway.
The New York herald., 1922-10-22

Oct a.
Producers & Refiners pf. q............ La
Tobacco Products A...............-.... LII
Oct. 26-
ciinchfieId Coal pr. q................... f.7o
Oct. 27-
Atchison. q................. q. ...........s.. i.uv
Oct. 81 -
Norfolk Nand Western pf., d............ 100
Southern Railway pf................... zoo
Nov l.
Emrna Hros. a. t.,.............. 200
it,rns Rros A extra ra................... 80
Iurns i,roa a. a..,,................ 80
t;iilstte safety Razor CO., q........... 400
Pitts & West Virginia pf. q............. 80
sinriair cons OH ri, ,a..,............. 200
s,,nerIor steel ist pf fu,.....,........... 200
s,,perior Steel ID pf. .q.................. 200
varuun, on s-a ACKNOWLEDGEMENTS 800
vac,uin, Oil. extra, Observation-Disclosures. 100
west Penn. Co. pf, ,q....................1 400
The New York herald., 1922-10-22
EXPORTS FROM NEW YORK.

Exports from New York yesterday: Wheat.
bu.. 10.03o; flour. sacks. 1891 beef, tos.
The New York herald., 1922-10-22
UNITED STATES TREASURY STATEMENT.

Special to THs NEW YonxH H.nArs
Newy Herald bureau
O.. II.
The New York herald., 1922-10-22
SUGAR.
U. S. CERTIFICATES AND NOTES.
EX DIVIDEND TABLE.

acceptable in payment OF Federal
on the dates OF maturity
The New York herald., 1922-10-22

New York fu1b IN Montreal, q. 40 discount
premium si'c q
The New York herald., 1922-10-22
SATURDAY. OCTOBER 81. 1922.

TEX In stock Part
c Cash.
lines
made at price regular
The New York herald., 1922-10-22

OPEN MARKET RATE.


Clearing House exchanges. SSa3, ,009. .00c
balances. see 900 900: Federal reserve cred
balances. $so,0oo.o00.
Perth Amboy evening news., 1922-04-12
Al Lorenzo, Elizabeth
Backstop, SignedBy Amboy

Lorenzo is the fourth member OK
the representative Amboy team 10
be signed by the new local baseball
leaders. Monday night II was a
nounced that Mickey Loeser. Jim
Romer and Bill Dzuriila would per-
form in the outer gardens for Ap-
plegate's team
Manager Apologize is moulding
together a fast inield and ar an
nouncement to be made in a few
days will probably include the in
field members. a utility inhelder and
~outhelder, and the boxmen- The
outheld and catching positions are
well taken care OF. and II the re-
mainder OF the positions are filled
in as capable a manner, h local
fans can rest assured that this city
will have a worthy representative
aggregation.
While no definite statement has
been forthcoming regarding the
booking for the opening date. Q
week from this Sunday. Manager
Apologize promises real attractions
for the entire season. Following the
award of the lease TO Applegate and
Poulsen, they announced that Perth
Amboy would be represented by .
strong team so hat the strongest
/ teams could be brought to this city
to furnish opposition.
A practice of the Amboy team
may be held next Sunday morning.
Perth Amboy evening news., 1922-04-12
Professionals Defeat
The Cable Works Team;
Three Other Matches

man. Jr., Roth, Clausen and Fenby
Scott. The Bankers had Captain
Miller. Jack Weitzen, Matthew Mel
ko. Wood. Fritz Ritter and Pullen.
The Nationals proved that quality
les more than quantity when they
played with four men against the
six man Lead Works team. doc"
Bedell. of the Nationals. was unable
to play owing to a death in his fam
lily and Chris Nielsen could not get
in the game. AS a result Capt. Dick"
Oliver lined up with "Pox' BooZ,
Leon Roth and Peter Grieve as the
other members of his team. The
first game was close, the final score
being 1913. In the second game the
Nationals got off to a flying start
and won 1871. The Lead Works had
Capt. McCreery. Muccilli, Mitruska,
Ernst, Feddersen. Pfeiffer and Grit
fen.
In the concluding contest of the
night the Press team defeated the
Atlantic Terra Gotta in two of the
hardest fought games yet seen in the
league. The clay workers put up a
brand Of ball which made IL difficult
for the newspaper combination to
beat. In the first game the terra
Gotta men took the lead and held
it until they scored thirteen points.
At this stage Of the game their OPP
ponents held them scoreless while
they tied the score and then made
the two extra points necessary. The
second game was practically a du-
plicate of the first, the also
being 1913. The winners used
Reimers, Messenger, Larcombe,
Pickersgill. Jago and johnson. Play
ing with the terra Gotta were Brown,
Anderson, Wort, Samsoe. Bowman
and Janderup.
The next city league games will be
played Friday night. Four matches
are secluded but it is possible a fifth
match will be arranged so hat the
league might be speeded up, making
it possible to complete the schedule
sooner than May IS. Friday nights
games will be, rs follows:
Seniors We. U. S. Cartridge at 1880
o'clock; Bakelite VS.. Dry Docks al
7:45; Atlantic Terra Gotta VS.. Pro-
fessionals at s o'clock: Cable Works
VS.. "Y" at Sis.
What promises to be the main at
traction Friday night will be the
Professionalism Gotta match
With these two teams playing in as
good a form as exhibited by them
last night. close, we'll played games
should result. +
Perth Amboy evening news., 1922-04-12
DAVIS MAY BE
HERE SATURDAY
If Thomas is Still Unable to
Play, New Yorker viii
be Secured

II David Hank" Thomas IL still
unable to return to the Perth AM
boy Speedway lineup on Saturday
night for the Newark Triangle game.
Harry Davis. New York Harmony
Club star will occupy the pivot posi-
ton for the locals
Davis made a big hit with the fans
of this vicinity through his work
with the Speedsters in the National
Turner and Roosevelt Separate
games. Of last Saturday and Sun
day, His height is a big asset to the
local team. He has had considerable
experience on the court and has
proven a willing worker in his last
games here.
The Speedways gained their most
recent desire, a victory over the
! Roosevelt Separates and now Ihey
are after the scalp of the Triangless
who twice defeated the Separates
in Roosevelt. After the Triangle
game the Speedways will play the
deciding game of their series with
the Beauvais Post, American Legion
! quintet of Tottenville, and also the
| deciding game of their series with
| the National Turner's of Newark, or
the Bay View Wheelmen quintet Of
Newark.
The locals will play about four or
| five games before bringing their sea-
son TO a close.
Perth Amboy evening news., 1922-04-12
DOPE FURNISHED
BY mooney" POULSEN

Ed Poulsen, manager of Joe Col
letti, Poughkeepsie fyweight won
der, Is in receipt of a communication
from a Manila, p. l., fight enthusi-
asst who is DESTROYS of securing the
address and picture of the boxing
champions of today.
The letter follows:
1912 South Fernando ST.,
Manila, p. l.,
March s, 1922
"Mr. Ed Poulsen,
1923 Market ST.,
Perth Amboy, N. J.
Dear Sir:
81 have the pleasure to send you
a letter about your boys there. 1
would be very glad to have your
boys picture and 1 would like to
know where the champions of today
are living. Will you please send me
the address Of the following fight
ers, j. Dempsey, ]. Wilson, ]. Brit
ton. B. Leonard. ]. Kilbane. P. Her
man, j. Benjamin and NJ. O'Dowd.
Thanking you in advance for any
favor you may do, I am
yours very truly,
"Olejardro Lizardo."
The local manager has furnished
the desired information.
Perth Amboy evening news., 1922-04-12
YACHT RACING
CLUB FORMED
Several Organizations on
Raritan Bay Unite to Boom
Water Sport

To promote water sports in the
vicinity of Raritan Bay several OF
the leading yacht clubs along the
bay shores have formed an organi-
zation to be known al the Raritan
Bay Yach.Racing Association. LAWS
Compton Of the local Raritan Yacht
Club is president of the association.
T.. w. Christie Of Sewaren Is secre-
tary and treasurer.
= The present members of the as
ISOLATION are the Raritan Yacht
Club, the Sewaren Club. the Railway
Club and the Princes Bay Club. 1t
Is also expected that the Bentley
Club Of Tcttenville and the Keyport
organization will join. together with
other boat clubs near here.
According to the plans OF the as
ISOLATION the clubs will hold a Sc
ries of races for all classes of craft
during the coming season, each club
acting as host for one event. Al
the close of the season a trophy
will go to the club walking off with
the greatest number of points gath
cred during the contests. Individual
prizes for winning boats will also be
offered, 1t Is understood.
Each club in the association is
represented by two members. Nelson
Macan, ot the local club. is h Sec
ond member of the association.
The of the two run
Off by the Raritan Yacht Club last
summer showed ~conclusively that a
live boating organization could be
formed on the bay and the present
association Is the result. Boats
from the local club also participated
in several regattas held by other
clubs. All regattas involving power
boats will probably be run under the
standard rules formulats ed by the
American Powerboat Association
Races, however. will also include
events for all classes of water craft
and indications point toward an ex-
ceedingly active season.
Perth Amboy evening news., 1922-04-12

Al Lorenzo. backstop Of the Eliz-
abeth Knights of Columbus baseball
team of last year. will do the re-
ceiving for Harry Applegate's Perth
Amboy baseball team which viii
play Sunday games on the Rar1tan
Copper Works field this season.
The Knights Of Columbus nine
copped the championship Of Eliza
beth the past two seasons. In order
to annex this honor IL was neces-
sary on both occasions to beat the
Pearl nine of which Harry Chunk
Applegate was a member. Apple
gate pitched for the Pearls in the
most important games the past two
seasons, the contests against the
"Caseys."
According to Manager Applegate,
Lorenzo should make a big hit in
this city. He is a peppery catcher, a
good batter and has a great arm
Lorenzo received an offer from the
Meadowbrooks of Newark, but de-
cided to accept the position in this
city.
Lorenzo's work was a big factor
in the success of the "Caseys" In
the league games and other contests
the past two seasons. II was neces-
sary to stage an extra game las
season to decide the championship
between the Pearls and the Caseys
Manager Apologize will announce hi
utility catcher In a few days.
Perth Amboy evening news., 1922-04-12
BICYCLE SEASON OPENS
IN NEWARK THIS SUNDAY

Sunday will mark the opening OF
the bicycle season at the velodrome
in Newark. Frank Kramer, the
American champion and Arthur
spence will ride a match race
against Raymond Eaton and Or
lando Fiani. The race will be de-
cided in one mile heats the best two
out Of three. -,
There will also be a n mile
handicap, five miles open and a miss
and out invitation for the profess
SIGNALS while the amateurs will have
a two mile open, half mile handi-
cap and a one mile novice.
Perth Amboy evening news., 1922-04-12
EMERALD NINE IS READY
FOR SEASON OPENING

The Emerald Sporting Club base
ball team played a practice game on
the Lumber field grounds SUNDAY
afternoon. Manager Bob Anderson
had his regular lineup on the Held
and the team is said to have per-
formed in mid-season FORM Ed
Keller and Stretch" Burke formed
the opposing battery, while Jeren
and Mansfield we're in the POINTS Tor
the Emeralds.
This team is newly QUILTED and
Manager Anderson announces that
his consultation is ready for all OPP
position. ANY team with home
grounds Offering a suitable guaran-
Zee should address the manager. $50
Market street. All dates in May and
one April date are OPEN The Elmer
aids will play senior and light sen
Tor ball.