davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-11-11
Iron arad Steel Mills Put On
10 r. C. More Workers
Last Month; Apparel and
Textiles Also Improved

Albany, Nov. 1o,-~Every group of
manufacturing industries In the state,
with the exception Of those engaged in
the preparation OF food products, added
to the number OF it's employees in Octo-
Der, according to the monthly report is
sued yesterday by the state Department
of Labor. An average increase of 3
per cent was shown In all industries.
In the steel and iron mills the increase
was 10 per cent. In the railway equip
ment factories and railway repair
shops, the increased activity and set
Element Of the strike resulted in the
addition of 80 per cent more workers.
The only setback occurred in the
sugar refineries, where the usual sea-
tsonal reduction was intensified by the
complete shut down of some refineries
because of the price situation
The metals and machinery industries,
which are, on the whole, M sat respon-
sive to general business conditions, led
in the Improvement in October. as they
have for several months past. In ad-
djtion, to the gains in the steel mills
and the railway shops, there were Inn
portant gains in the manufacture of
tools and cutlery, in the silverware and
Jeweiry industry, and in the very in
active ship building and repair indus
try. Substantial gains took place in the
brass and copper industry, in the manu-
facture of sheet metal goods, except
tin cans, and in the manufacture Of
machinery, electrical goods and instru-
ments and appliances, especially type
writer's and cash registers.
OF the metal industries only the
automobile factories showed decrease
in employment, That was due to the
seasonal curtailment in the manufac-
ture Of open cars.
In the apparel trades the seasonal
expansion in the manufacture OF wom-
ems garments accounted for much of
the increase. The women's clothing
factories, especially the modistes' es.
! Establishments, reported large gains in
working forces. Employment rose also
in the flower and Feather shops and in
the wonen's underwear factories. In
the mems clothing factories there was
a slight falling off from the seasonal
high level, especially in the upstate
factories. In the plants making mems
neckwear the number of employees
rose. The collar factories showed no
general change. In the laundries there
was a substantial increase. The fac
tories making laces, embroideries and
handkerchiefs made further additions
to the number of their employees in
preparation for the holiday trade.
New-York tribune., 1922-11-11
B Busine IS N 4 W 8
New York State Industries
Show 80 Employment Gain
WarR Trade against
I,nprouisIent Buying

A note OF warning against ina.
provident buying at present WIS
sounded yesterday in a statement
issued by the administrative COM
mittee Of the National Association
Of Credit Men, of which G. r. Bur-
nett, of Newark, N. j., Is chairman.
The committee expressed anxiety
that another imitation may be
brought about sif people are de-
ceived by some recent public utter
ances into the belief that prosperity
is Immediately at hand, when as a
matter of fact there are still many
problems to be solved and unfavor-
able economic conditions to oa
healed.
Available eredit facilities" saya
the statement, "conld be misused 60
the point Of encouraging another in
fiation, should the buying OF COM
modities be imprudently done on
rising market. The increasing price
and production cost of fabricated
commodities creates dangerous
disproportion to the prices of basic
commodities, particularly foodstuffs.
We have improved our general con-
dition beyond question: we have
been prudent in extending credits.
But prosperity in it's fullest sense
is not just at hand, and it would
be very dangerous indeed TO encous-
age this idea"
New-York tribune., 1922-11-11
Cotton Statistics


,,. ss denand at 20 points advance: mid
saa ssssg bales lmnorts.s 1900 baios; none
s.lssl amsslcsn; a Futures We're duo 2sla to So
ya gssss highsr: they opened steady at 10 to
.ass ,a,ss points aasanee, closng prices. De
9snnsr' fsat' 1870; January. 14.7Sd. March.
issSsa N.Y. Nay a.2td; July, i337d; October.
ssesr ,.s's prices asked check business, Tiie
lIso o'clock bids cahled to Liverpool fol-
~: december. 2s35e; Januarf 28 Zoe;
aAfch, ~ O3e: May, 25.7Sei .Iulv Is nS,
New-York tribune., 1922-11-11
Financial Items

Equitable Trust Company has been ap-
pointed registrar OF tho stock Of the NJ
agara, Lockport and Ontario Power Com
panY.
The temporary Northern Pacific Railway
Company refun1ng and Improvement
mortgage per cent, series 60" due July
/, 2047, may be exchanged beginning Mo-
venber 10, 1922, at the Guaranty Trust
Company. for defnitive bonds with cou-
pons due January /, 1898, and subsequent
coupons attached
Equitable Trust Company has been ap-
pointed agent to disburse the stock divi-
dend, payable December 80 to common
stockholders OF the American Stool Foun-
dries.
Guaranty Trust Company has been ap-
pointed transfer agent for tho preferred
stock of The Fair, consisting of 10000
shares, having a par value Of S10c each.
Benjamin 4. Van Raaite, of the Van
Raalte Company, Inc. has been elected a
director of the Public National Bank.
American Exchange National Bank has
been appointed transfer agent for 4he
common capital stock of tho Mentor Com
pany.
Tho Schultz Retail stores Corporation
reported October sales of $2,112,1 ,1Sb, an In
crease OF $311,2ii over the same month
last year.
BENJAMIN stern was elected presiden
OF Stern Brothers yesterday to succeed tn
late Louis Stern.
New-York tribune., 1922-11-11
Late Fall Buying
Of Autos Heaviest
Ever Experienced
Production Schedules Near
Those of Early Months of
the Year; Closed Cars
Especially in Demand
specsa, Disnatsa 70 Ths r,.,,,,,. J.

DETROIT, Nov. 10.-Under the inn
petus of the heaviest late fall buying
the industry nas Known, factories In
tho Detroit district are continuing 10
turn out volume of cars that is not
only greatly in excess of volume at
this time In other years, but Is al
most on par With production In the
earlier months of this year. prae-
tcally all of the production, more
over, ls TO meet standing retail orders,
and many factories are weeks behind
their sales departments.
Earnings were never more satisfac-
tory than those of the prasent late
TAI. seasoa, and every financial state
nent published by companies in recent
weeks shows large net profits and in
creaslng surpluses. Closed car busi-
ness is especially heavy, reaching prac~
tlcaily 10 per cent or total production
in the better class lines. Though price
reductions have reduced the margin Of
profit on closed vehicles to a fraction
Of what it was earlier in the year, the
increased demand occasioned by the
reductions makes this business highly
profitabie, and at the same time Is en-
abilng factories to maintain almost
complete schedules without the ncces-
sity of stocking dealers.
aHtouSH tHe AHuuSgfy Cher9 IL tie
feeling that the closed type of car in
{. few years will be almost solely in
demand, which would make the bust
ness an all-seascn one and tend to
Place 1t upon the firmest possible foot
ing. The eliminating of stocking both
at the factories and of dealers to pro-
vide against the early spring demand
and to keep plants busy during the
winter Is entirely the work Of the
closed ear.
Dealers in the country are willing ia
take all the closed cars they can get in
almost any make that has reduced the
differential between its open and closed
prices to nominal figure A number
of factories are from four to eight
weeks behind on deliveries of certain
closed models, particularly those com
ing under the head of business coupes
The truck business is not sharing the
general prosperity Of the passenger car
branch of the industry, but is meeting
with fair success, due principally ia
the demand for lighter delivery
vehicles and bus chasses.
New-York tribune., 1922-11-11
sURRoGATEs' NOTICES
THE PEoPLE OF THE STATE or NEW,
SsSfsk, nv THE GRACE OF COB
XrSSRgF NJ TNnEpRNRfcAT


TO Lillian Bates Grant, Margarst Patrls
ella Grant. Beach Douglas Grant, This Fa.s
iners' Loan and Trust Company. az exe9gs,
tor Of and trustee under the Last VIII aAd
Testament OF Douglas s. Grant. deeeassati
and The Farmers Loan ana Trust Conf
papy, as general guardian Of the estates OF
Margaret Patricia Grant and Beach peusE
- SEND GREETING:
WHEREAS The Farmers Loan and
Iga7s ,sT cs,npany. ., domestic SSorporatio1
No s2 William Street, Borough OF MAs1
haitian, City. County and State of Nem
w9rs' Yer, as az successor trustee ~ 9a unaer ths Lss
late OF the County ef New York, Geesssest
OF trust for the benefit of Douglas s.
Grant, has presented an account of it's pTn3.
ceedings as such successor trustee and hasi
also presented and fled petition praying
that it's account be iudiciaiiy settled ana
NOW. THEREFORE,, you and each sSs
you are hereby cited TO show cause hH<orsl
our Surrogate Of the County OF New Tarks
at the SurregRtess Court Of said County al
seoras 9ff fa lie oneaxb nesa N o ms aa
Eity of New York, en- the s2th day io&
December. 1929, at 1870 O'Clock ia thss
sbeaId mt e. b sssd and
IN TESTIMONY WHEREOF, we hsyl,
caused the ssai of the surrogatss' Court
WITNESS, HONORABLE John ~.
Cohalan. enc of the surroEates d
our sasd Ceunty OF New York. at
gseal1 said County, the sth day o.
November, in the year OF otes
Lord, one thousand nine huacred,
~ = vi MxRTfN g. Mceuu. IL
Clerk of the Surfogates' Court. :
.Geller. Rolston & Blanc,
Attorneys for Petitioner.
~ Exchange plaea.
New York, n, Y.
New-York tribune., 1922-11-11
Urges Utilities Develop
Customer OwnershiIl
insult Sees Continued Improve
fneut i'm the Prior LIEN :
Securities

Samuel insult, president of the CorasF
monwealth Edison Company, OF Cl1fs,
cage, speaking before the Bond Club
at It's monthly luncheon at the Bankers
Club yesterday. urged very stronglg
the advantage of developing customer
ownership Of junior securities as ar
aid to local public utility financing
He expressed confidence that tho
strength of prior lien local utility Sc
curisiss would improve from year TO
year and that the cause of this INF.
provement would be this system OF,
customer ownership from the stand.
point OF the additional amount o4
money II would put into the propertiess
OF the Increased public interest ofs
the side of utilities and of the NJ
herent strength OF the business. s
Mr.. insult gave II as his belief that
the form Of senior security which
public utilities should put out SHOULD
approximate as nearly as possible tlsa,
old fashioned English debenture stock.
In other words" the speaker con-
tiEued, "you should have as near as
possible a self-perpetuating trust deed
that will enable you to put out prac-
tically any form OF security at any
rate of Interest, running for any,
ysriodp
New-York tribune., 1922-11-11
Tells Why Grand
Trunk Stock Was
Called Valuelesss
London privy Council Ex-
plains That It's Jurisdic-
ton Extended Only 10
Seeking a Legal Error

LONDON, Nov. 10 (By The Associ-
ated press) Lord Birkenhead, former
Lord Chancellor, to-day in the Privy
oouncss gave the reasons for the dis
missing by the judicial committee of
the priyy Council in July Of the appeal
of m the shareholders of the Grand
Irunk Railway from the findings of
the Board of Arbitration, which de-
ciared the common and preferred
STOCKS OF the railway valueless.
ne Privy Council, Lord Birkeuhead
saiaf did not have the right to inquire
arnitrators, but only to determine
whether the arbitrators had SO erred
In law that their award should be set
aside. The Privy Council found that
they did not err in law.
On the first part OF the question,
whether the arhitrators were wroung
IN excluding evidence of the value Of
PHYSICAL assets Lord Birkenhead
pointed out that the system was to be
taken over as q going concern and the
question was the value to the holders
OF this stock in going concern.
The conjecture that the Board of
Railway Commissioners for Canada
would, in fixing rates for the future,
have regard to the replacement cost
OF railway property was not supported
by any evidence, according to Lord
Rirkenhead. The council concludes,
that any attempt to estimate future
profits by reference Ia selling value
or replacement costs was doomed to
failure and that the result would have
had no legitimate bearing OH the ques-
tion they had to determine.
Regarding the second legal objection,
that the tribunal chairman relied on
evidence of the president of the COM
pany, given before the royal commits
sion of railways and not repeated at
the arbitration proceedings, Lord
Birkenhead declared that all the ma
terial facts We're really in the cor
respondence and other documents duly
made evidence in the arbitration and
that the privy councillors decided that
they ought not to advise the King to
set aside the award on the ground of
the chairman's action.
New-York tribune., 1922-11-11
Houston Oil Earnines Up

The report of the Houston Oil Com
September 80, 1929, showed net earn
ings of S397,627 after expenses and
taxes but before depreciation and de-
pletion, as compared with $362,25S in
the third quarter of 1921 The state
ment does not include semi-annual pay
ments of $4,000 of Kirby Lumber
Company notes nor does it include, the
payment of per cent interest. which
now amounts to $17a,500 a year, on
s2,e50,000 of these notes now out
New-York tribune., 1922-11-11
Utah Power Net Increases

The report Of the Utah Power and
Light Company for September showed
gross earnings of $612, 2,819, an increase
of S43,6S2 over September. 1921. Nap
earnings from operation were 1901 f,56s,.
gain OF s34,teS. Gross earnings for.
the twelve months ended September 80
amounted TO s6,894, ,256, a decrease of
S27,1fS over the corresponding period
of 1921. Net earnings were S3,39o, ,sel.
an increase Of SS4.056. -
New-York tribune., 1922-11-11
New York Metal Market

Tin was quiet, with Straits and
Straits shipments quoted at 37Q37,75c; /;
standard, 37c, and 80 per cent, 36.75@
SIC asked. Copper quiet, standard
spot, November and December, 1325M
l362hc, and electrolytic spot, Novem-
Der and December, i35o@14c. Lead
steady, New York spot, &c bid, and East
st. Louis spot, 680@6.9oc. zinc firm,
New York spot, 7.55c, and East st.
Louis spot, 7.l5(dl1 .3Gc.
New-York tribune., 1922-11-11
Ratify Detroit Edison Issue

Detroit Edison Company stockholders
yesterday ratified the proposal to issue
$15,00G,000 convertible debentures, to
which stockho .ders are given the right
to subscribe at par to the extent of 20
per cent of their stock holdings.
The company reported net earnings
for October Of $294,436 after all
charges, compared with $273,179 in Oc-
tober, 1921, and for ten months ended
October 81, 1922, net of S2,600,527 after
all charges, compared with S1,966,344
for the corresponding period in 1921.
New-York tribune., 1922-11-11
Chicago Great Western Would
Issue Bonds for Subsidiary

WASHINGTON, Nov. l0-The Chi
cago Great Western Railroad asked
permission of the Interstate Com
merce Commission to-day to issue
$10,20e,000 in ffty-year per cent
bonds and $3,520,000 in a per cent
preferred stock for use in strengthen
ing the finances Of subsidiary cor
poration, the Mason City &; Fort
Dodge Railroad
New-York tribune., 1922-11-11
Failure Reports Irregular

Il. G. Dun 6 Co. report decrease in
the number of failures for the current
week, compared to last week, while
Bradstreet's geport a slight increase.
There were 3S7 failures reported to
Dun during the current week, compared
to 407 last week and 364 in the same
week last year.
Failures for the week ending Novem-
Der 8 were placed at 374, according to
Bradstreet's, compared with as5 last
week, 404 in the like week in 1921, 21t
in 1920, 129 in 1919. and 1h2 in 1919
New-York tribune., 1922-11-11
Southern Spot Markets-Gai

y points lower at 26.10e: sales 3 s5s bales
aew Orleans steaGy. IL points higher at
Ms!e; sales 3.727 bales Mobile nominal,
qsh steady, 81 points lower at sg,sso. Sales
~ bales NorfoliS steady, 80 points lower
stzS,ise; sales fs5 bales Augusta steady.
y, points lower at 25.SSe: sales aga haIes
ti5e bales. st. Louis firm, so points higher
at ssoi Gales go bales, Houston steady, 45
paints lower at @26.o5c; aaies 6,417 bales.
sslss s,a72 bales. Dallas steady, As points
lgxer at. 25 4Sc; sales 5,4la bales. Mont
FfsraInerx hrm, rs points lower at 25.7Se:
ass.ss bales Fort Worth quiet 90
Islnts iower at 25.boe; sales 2,l0S bales.
New-York tribune., 1922-11-11
Commercial Credit

Commercial money conditions remain
without much change. Fresh borrow
ing by business men to finance current
operations is smaller than expected. A
partial explanation of this lies in the
fact that most lines are showing i'm
proved collections.
Commercial paper continues to dis
count at Az to Az per cent. The
American Acceptance Council yesterday
quoted the following discount rates on
prime bankers acceptances eligible
for purchase by the Federal Reserve
banks:
New-York tribune., 1922-11-11
Raw Silk Easier

Local raw silk prices were triHe
easier yesterday when cables from
Yokohama reported drop of 80 yen a
bale in prices in that market. Subse-
quent cables, however, stated that
about 2.2oo bales were purchased for
American account Immediately follow
ing the price break and that partial
recovery in quotations had ensued.
New-York tribune., 1922-11-11
DISSOLUTION NOTICE
STATE or new YORK. OFFICE or TIM

Secretary OF State, ss.:
THIS CERTIFICATE Issued in duplicate,
hereby certiiies that this GRAPHIC PRE-
SEsNTAgs0N CORPORATION, q dor1sstin
stock col poration. has nled sn this offlea on
this sth day OF November 1924, papers Tor
the voluntary ssissolution Of such corpora
tioR under section 227 Of the General Cer-
poration Law. and that 1t appears thare-
from that sucA corporation has compiled
with said section In order to be dissolved.
Y WITNESS my hand and the seal OF ostics
Albany, this eighth day III Novsn,bsr, uns
thonsand nlHa hundred and txsenty-two,
fEeRl1 C. Ns TAFT.
New-York tribune., 1922-11-11
Lalil i'm Boston Wool Market,
But Prices Continue Stroue

BOSTON, Nov. 1o.--"The Commercial
Bulletin" tomorrow will say: There is
a lull in the wool market this week
but no abatement in strength. Fall
Texas wools are being bought this week
on the clean basis. landed Boston, of
s1.10, although there are those who
think the price dangerous, The goods
market, however, is healthy and con
tinues fairly active.
New-York tribune., 1922-11-11
London Metal Market

LONDON, Nov. 10.--Standard cop
per, spot, G63 lbs; futures, SEA t2s
Sd; electrolytic, spot, $40 los; futures,
271. Tin, spot, a1S4 Is Cd; futures,
s1s4 ITS Sd. lead, spot, S26 los; fu-
lures, 225 IS; zinc, spot, $40 2s Cd;
futures, f36 1bs
New-York tribune., 1922-11-11
Federal Land Bank Bonds
Joint Stock Land Bank Bonds
Bid. Ask. Yield.

Bid. Ask. Yield
SIS, is6.-'3I. .....,.s... .1ot. ioa 48e
Joint Stock Land Bank
6ias, .Io3H 1861 4.7s
Joint Stock Land Bank
So, 1s3a-1924. 24........... 9GA .1eeM ass
Chicago Joint Stock Land =
Bank 5Ms. 1S6i-1931. 1858 106h ASS
Chicago Joint Stock Land
Bank IS. l937-1S40. aeA IooM ass
Chicago Joint Stock Land
Bank bs. l9b1-l931... ..162b 1o3M 4.5e
Chicago Joint Stock Land
Bank bs. 1962-1922. .fo2S 1921 Asa
New-York tribune., 1922-11-11
Sugar and Coffee
Raw Sugar Fnturea

Futures opened 20 points lower. held
around initial agures during the forenoon,
then rallied sharply On renewal of de-
Eaand for the spring months, this buying
coming from Cuban sources apparently and
sufficient TO steady the whole list. The
market closed point net lower to a net
advance of points. Sales were esti-
mated at $4,000 tons. March contracts
seemed to attract most attention at tina
moment
New-York tribune., 1922-11-11
Silk Dinner February 3

Plans for the fifty-irst annual dinner
of the Silk Association of America were
discussed yesterday at meeting of the
dinner committee, which
elected Charles Z. Lotte, of the Ma
tional Silk Dyeing Company, chairman.
1t was decided to hold the dinner on
the night OF february 3 at the Hotel
New-York tribune., 1922-11-11

the strength in the crude market ana
neavy buying, which was attributed to the
soulh and 70 cotton houses Edible oil
ms against spreads between oil and lara.
elhai prices were Is to "a points net higher
and total sales We're 4s,so0 barrels
The range OF prices;
New-York tribune., 1922-11-11
LEGAL NOTICES

NOTICE is HEREBY GIVEN that rotrAsa
9sSaoTMER of se5 Broadway. an ths l4ts
day Of October. 1872, registered the tradA
rnark ROBIN HOOD for mems hats IL IN
eiiic@ OF the Secretary sf the Stats os Nex
YORK. YOUNG RRQTAtgRs. sea EyeaAwasl
New-York tribune., 1922-11-11

Astor, Immediately preceding the Sec
ond International Silk Exposition, which
opens on February and continues
through to February is.
New-York tribune., 1922-11-11
Coffee Futures

The New York Produce Exchange Nav
York Coffee and Sugar Exchange and the
New Orleans Cotton Exchange will be
closed to-day--Arnlistice Day. The New
York Cotton Exchange will suspend husi-
ness for two minutes, beginning at ii
O'Clock - -
New-York tribune., 1922-11-11
Dividends

Standard OH Company OF Ohio ssiysrsoss =
yesterday declared an extra dividend 81
81. In addition 70 the regular ausFteris6i
dividend of ssr Both are payable fanuaYy
TO stoekholdera Of record November "a
New-York tribune., 1922-11-11
M S C Ill neous Markets
New York State Bonds

Issued in coupon and registered form.
Not interchangeable. Coupon bonds reg
tsterable.
Form. Rate. Maturity. BID. AJAX. Yield,
Canal & Highly Imp IS.
, 1922-08-01

pose Of commercial flying on q large
basis. and is prepared to carry pas
sengers TO any part OF the west IN
case OF emergency
During his four years in the flying
field, "Trusty' Bob has taken up
more than 1000 passengers. It Is
said. and not even the slightest ac.
cident has ever been ehaIked I'd
against his record as . pilot.
At one time, while residing in
Arapahoe. his -ieics was seized with
acute appendicitis. and was
in need OF a competent surgeon At
once. The plane was taken from It's
hangar. tuned UP hurriediy. and
with Bob" in the pilots seat and
the little girl and her m,ther seat.
ed comfortably in the Observers
quarters, the long trip to Omaha
was made at an average speed OF
100 miles Per hour. The arrival in
Omaha found the surgeon ready and
waiting. The life OF the youryster
was saved. and the return trip many
days later was made by rail, al
"Bob's" return to Arapahoe was ia
peratlve.
, 1922-08-01

OF his h-art. his lace gave no sign
Of inward emotion
Tho RANT engine of the Lincoln
aerop.Rne reared. The rs~porter,s
hat was Inst in the first rus, OF
wind. A helmet which covered hair.
head. IND ears was handed him. and
together with Bert Bell, commercial
phofograpf er and muttixl sufferer.
he climbed into ris obs,.-ers' seat.
This .rovnd bsFan to n3ys under
h plane. and the reporter ciutched
tighter the frame work Of the ma
chine. Fast. fast. and fasssc tn.
ground slid away. inc then she
took the air.
Folks. that was n feeling that the
reporter felt before, and the
only difference was tina he didn't
feel that he was going to feel it.
Going upi The ground left the
plane ana she hung in mid-air. en-
gine hummlng. and steadily climb
ing upward into the celestial blue.
The reporter. however. was busy.
He was busy rejecting upon his
nearness 20 Heaven. and making
every effort to comprehend the fact
h a lie should probably never Be in
that condition again. and of how III.
tie use ar airplane ride was to him.
when his only vohicla of transporta-
ton after tho advent of the great
adventure. was certain to be an ele-
vator in he deep coal rhine.
In less time than one can tell.
the great bird was sailing over the
new Texas refinery. Tho men at
work on the giant tanks reminded
the scribe OF a group OF ants ut.
tempting to devour a huge gray
plum pudding. II such an article OF
food exists.
Sage brush wasn't sage brush Al
all. II wal dots OF blue on a brown
surface. Houses were nothing but
roofs. Automobiles were pygmies
moving along dusty foot paths.
Horses. were ~cockroaches moving on
a brown floor. and people were moth
ing AT all to h reporter because he
couldn't see them.
Thus the party sailed owe the
thriving city OF Casper. Everything