davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-04-22
PACIFIC OIL co. LIFTS
NETI INCOME FOR 1921
Puts Amount Up to $4.64 a
Share of Stock.

The Pacific OH Company reports for
1921 net income OF $l6. .292 after
Federal taxes. and reserves for de-
probation and depletion. or $i.64 share
earned on the $500. 600 shares OF its
par capital stock outstanding Those
figures contrast with net income of
s1l, 1886, or $3.1S share for eleven
months ended with November 90. 1890
The 1921 income includes $1.3Ss, ,257, which
represents principally 1is per cent.
quarterly dividends. paid on the AS
socated Oil Company's stock. The
1920 figures do not include any income
from the Associated Oil Company.
The Pacific Oil Company was in
corporated to take over a subsidiary of
the California oil properties owned by
the Southern Pacific Land Company
(Southern Pacific Company, and the
Southern Pacific Company's stockhoId-
ings in the Associated Oil Company.
The lands. some Of the most valuable
oil properties in California, transferred
to the company. were acquired by the
Southern Pacific Railroad Company as
part of a land grant from the United
States Government in aid Of the orig
inal construction of the railroad.
The New York herald., 1922-04-22
CHESAPEAKE & OHIO
PLACING BIG ORDERS
Baltimore and Ohio to Get 80
New Cars-Contracts by
Other Roads.

The Chesapeake and Ohio Railway 5
directors in their regular monthly meet
ing yesterday approved the purchase
of large amount of equipment Part
viii, be paid for from the proceeds OF
$7.635.000 5la per cent. equipment trust
certificates, privately placed by Kuhn,
Loeb a. Co. and the National City Com
pany at 100h.
In the proposed orders to be awarded
soon are thirty all steel passenger cars,
eight combination all steel passenge'
and baggage cars, twenty-five all steel
baggage and mail cars, five dining cars
1900 forty ton steel underframe box
cars, 500 forty ton steel underfra,ne
ventilated box cars. 200 stock cars.
fifty refrigerator cars, 1900 fifty-seven
and half ton flat bottom gondola cars
and 1900 fifty-seven and a half ton hop
per bottom gondola cars.
The company's present officers were
reelected.
The Baltimore and Ohio Railroad
Company has placed an order with the
Pullman Company for fifty new cars.
including forty passenger coaches, TWO
dining cars, three combination baggage
and mail cars and five postal cars, to be
delivered late in August or early in sep
tember. at an approximate cost OF
$1,000 900.
The American Locomotive Company.
according to the current issue OF the
Railway Age, has received orders from
the following companies: New Haven
Railroad, fifteen locomotives OF the
0-s-0 type: Boston and Maine Railroad,
twenty switching locomotives and two
Mallets; Camp Manufacturing Com
pany. one prarie locomotive: North,
Griffith e. Co. of Brazil, eight loco
motives. The Chicago and Northwestern
Railway is reported to be inquiring for
fifty engines and the Atlantic Coast
Line for twenty
The Burlington is preparing plans for
an increase in it's shop facilities st
Denver to cost $2.00o,0O0. 1t has also
contracted with the Illinois Steel Com
pany for 5000 tons Of steel rails. and
with the Edwards Railway Motor Car
Company for a gasoline railway motor
car.
The Louisville and Nashville oas Or
dered five baggage cars, six passenger
coaches and fourteen combination cars
from the American Car and Foundry
Company. The latter company has also
received contracts from the Louisville
Henderson and st. Louis for five pas
senger coaches, and from the Wabash
for twenty-five steel passenger cars
The New York herald., 1922-04-22
10 MILLION U.S.STEEL'
ADDITION FOR GARY
To Help Erect New Tube PLANE
S1O.00O.000 i'm Bonds
Will BE Offered.

The United States Steel Corporation
through its subsidiary, the National
Tube Company. will construct at Gary.
Ind. a new plant having a capacity
of $4,000 tons year for the manu-
facture Of lap and butt weld tubes.
The announcement was made yeste-.
day by n. III. Gary. chairman OF ~
corporation. in connection with the Of
fering for public subscription OF s. 1.co)-
900 per cent. bonds of the Indiaaa
Steel Company and 100000 per cent
bonds Of the National Tube Company.
through syndicate headed by J. p
Morgan & Co.
The new plant will cost approximately
$15.000.0C0 and will require about eighteen
months to complete to the point at
which production can be started Ic
VIII add from 20 to 25 per cent. 10 the
corporations annual tube capacity
The sale Of the bonds partly to
finance the project came as a surprise
tc the financial district 1t Is the first
public financing to be undertaken bv
the United States Steel corporation or
any of its subsidiaries in about eight
years The bonds In each case repre-
sent an unissued portion of oblgations
authOrlZed a decade ago
The New York herald., 1922-04-22
issues Oversubscribed.

The $40 100000 issue OF the Dutch East
Indies forty year per cent. bonds,
offered at 96lR yesterday by syndicate
'icaded by the Guaranty Company OF
New York. was oversubscrlbed immedi-
ately. It's subscription books were closed
before 10 a. NJ. The allotments OF the
Sinclair Crude oil Purchasing Com
panys recent issue of three year 5ls
per cent notes were made at f6 per cent
j. p. Morgan e. Co. announce the clos
ing of the subscription books of the
S7,000.000 OF the Indiana Steel Company's
5 per cent. and the s5.000.00o OF the Ma
tional Tube Company's per cent.
bonds.
Bonbright & Co, Inc. and J. G. White
a Co. announce that subscription books
for the offering OF t2,500.0O0 OF the
/, Manila Electric Company's first re-
funding mortgage gold per cent. bonds.
due In 1912, have been closed. all OF
them having been sold
All OF the $4,000 of the Province OF
Saskatchewans per cent. bonds Of
fercd by Rutter & Co, have been sold
The New York herald., 1922-04-22
GAIN BY cURTIss AERoPLANE
Profit OF S1O1,2O7 Used to Cut
nj 1,O05,4SS Deficit.

The Curtiss Aeroplane and Motor Cor
poration reports a profit Of $101,207 for
1921. This was applied TO the reduction
Of the deficit of the preceding year, the
balance sheet as of December 81. 1921.
showing the deficit then to be $1,06o,4 ,4ss.
The company stated in it's annual report
yesterday that reorganization from
war to peace basis was completed
during the year and as soon as accounts
with the Government are closed the in
active subsidiary concerns will be dis
solved.
In January one OF the Government
mortgages was reduced from $1,ol5,OO0
to 100000. The balance sheet showed
$177,s40 reserve for Federal taxes.
but favorable decisions by the Tax De-
partment already rendered are expected
to reduce this liability.
The New York herald., 1922-04-22
SEEK BIG BOARD LISTING.

Application has been made to the New
York Stock Exchange to list the follow
ing securities:
Tobacco Products, 100000 of ten
year z per cent. notes; Spicer Manufac-
turing, 100000 of per cent. cumulative
preferred stock and 313,750 shares Of
common stock: Barnsdall, s7.1e0.300 Of
convertible 5 per cent. bonds. series A.,
and $1,440,000 of convertible per cent
bonds, series b: julius Kayser & Co..
70. 900 shares of preferred stock and
10000 shares of common stock; Loose
wiles Biscuit, $s.00O0 900 of common stock
and Replogle Steel. 125,0o0 shares OF ad-
ditional capital stock.
The New York herald., 1922-04-22
DECLINE IN FAILURES
AS BUSINESS IMPROVES
Better Conditions, Though,
Marked by UneUenness.

Business failures in this country de-
creased last week from those of the
preceding week. according TO the weekly
trade reviews. Brddstreet reports 44S
insolvencies, compared with 500 last
week and sos in the corresponding week
III 1921. r. G. Dun & Co. show ass
defaults. against sic in the previous
week and 371 in the corresponding week
in 1921. All sections OF the country
reported decreases. or the total number
of failures ESQ had liabilities OF $4,000
or more, which is equal to 59.5 per cent,
whereas last week the ratio was 6l.4 per
cent and in the corresponding week last
year 54.4 per cent. Canadian failures
also decreased, totaling 40 against So in
the preceding week.
Bradstreet says: ''The trade and in
dustrial situation is still a very spotted
one, with contrasts in degrees of activity
even more marked that an week ago.
Taken as a whole, the general trend is
still apparently Enthusiastically in the
direction of Improvement, but with some
of the old time basic trades, such as
10 take the leadership in activity away
from the so-called apparel trades, which
led throughout most Of last year"
r. G.. Dun & Co. say: mot without
accompanying Irregularities. yet with
clearness. the trend toward
better business continues. Uniformity of
progress is prevented by strikes and
other impediments, but the present un-
evenness of conditions Is not surprising.
as no different result was to be ex-
pected during the period of commercial
revival.
Gains that have occurred In recent
months, IL not extending in equal meas
ure to all lines of enterprise, have been
such as to give encouragement, and in
stances are becoming more common
where reports from various sections
carry note Of optimism"
The New York herald., 1922-04-22
Average Bond Prices
April 81. 1899.
BOND NEWS AND NOTES.
Canadian Loan situation.

opeciu, Dispatch TO THE New York HERALD.
MONTREAL, April 21.-There is pos
sibility that the new national loan may
be foated this spring. in May or June,
but the Minister OF Finance has not an
nounced his decision in the matter. Ger
tain financiers are advising that condi-
tions for a fotation soon instead OF
waiting till the fall are favorable. 1t
Is believed that the issue will be by
popular subscription and for $780,
100000. On December / bonds of $751;
100000 will mature and smaller notes
will be due, apart from deficiencies be-
tween revenue and expenditure The
bonds. it is understood, will be taxable
and likely on the per cent basis. the
terms varying naturally, being those of
long and short currency. The Minister
of Finance is preparing his budget,
which is expected within fortnight.
The New York herald., 1922-04-22
Municipal Offerings.

4 new issue of $4,000,00o of the
Greater Winnipeg Water Districts thirty
year per cent. gold bonds is being Of
fered by Blair & Co, Inc. White, Weld
& Co.. the Equitable Trust Company of
New York and Aemilius Jarvis &c Co, at
:s q and interest TO yield $40 per cent.
They are due on May 1. 1862. and are
rot callable before their maturity Their
principal and interest are payable in
Scw York in United States gold coin and
they are direct obligations OF the Greater
winnipeg Water District. which owns
mud operates Greater Winnipeg's water
srpply system.
Ks Taylor Ewart & Co. are offering
s175,000 of Coconino County, Ariz..
School District No. per cent. gold
hrt1ds. dated December 81, 1921, and due
.serially in 1884 to 1910. inclusive. at a
srrlce to yield $50 per cent. They are
exempt from Federal income taxes.
The New York herald., 1922-04-22
Brasilian Plans Changed.

The Brazilian loan plans have been
changed and an issue Of long term bonds
will be sold instead of short term se-
curities. Present plans call fors an In
,ternational loan to be made to that
country and secured by 100000 bags
OF coffee. The loan will amount to
GO, 100000. to run for twenty-five years,
and the bonds will carry or 7ia per
cent. coupons. 1t has not been decided
whether or not the portion OF the loan
to be offered in this city will be in
sterling or dollars. 1t is reported that
the London end OF the loan will be
handled by Barring Bros. & Co, Ltd /.
n. M. Rothschild & Sons and J. Henry
Schroder & Co., the syndicate Identified
with the recent Czecho-Slovakian loan
The portion Of the Brazilian loan to be
offered here may be handled by Dillon,
Read Co, although that report was
not officially confirmed.
The New York herald., 1922-04-22
TEL. & TEL. SELLS RADIO STOCK
shares Had Been Bought I'm 1920
to Further q License Plan.

The American Telephone and Tele-
graph Company has disposed OF its
holdings of common stock of the Radio
Corporation Of America. This action
was taken in accordance with the policy
of the company to retain permanently
only the securities Of the companies
associated with it under the Bell sys-
tenn. The shares of the Radio Corpora
ton, which have been sold, were pur-
chased in 1920, the transaction being in
cidental to the exchange of licenses be-
tween the American Telephone and
Telegraph Company, the General Elec-'
trio Company and It's associated COM
panies and the Radio Corporation OF
America.
Under the plan adopted at that time
the patents of each company could be
utilized to greater advantage to meet
the public needs il vested in the Radio
Corporation.
The New York herald., 1922-04-22
APPROVE JONES TEA PLAN.

The Jones Brothers Tea Companys
directors formally approved the pur-
chase and retirement of 100000 par
value of it's preferred stock in their
regular monthly meeting. The filling Of
the company's two additional director
ships. created in the recent annual
meeting of its stockholders, was de-
ferred until a later meeting.
The New York herald., 1922-04-22
O4at - 1kAe
1st 6 1882

1......0 .026s
Chi Ct West
A. farn
The New York herald., 1922-04-22
Bond Projects Are Large.

Among new bond issues being dis
eussed is an offering OF $4,000, 900 OF
the Paris-Orleans Railroads bonds. Sew
eral domestic railroad ard Industrial cor
porations are expected to sell bonds In
the next few weeks. Foremost among
me expected railroad projects is a $15,-
100000 issue of bonds OF the ST. Louis
San Francisco Railroad. In the munici-
pa field new issues pending include
ss,710.000 of miscellaneous bonds of the
city Of Newark and sS.332. 900 Of the city
Of Baltmore's bonds.
The New York herald., 1922-04-22
DIVIDENDS.

Stock OF
Record. Payable.
~ q Al April 20 May II
Dominion Bridge Co., O., $1.April 20 May l.,
Everett Mills, Sc. April 20 May
Pennsylvania Sugar Co. a.,
The New York herald., 1922-04-22
FOREIGN MARKETS.

LONDON. April 2i.-Gilt edged securities
continued active and firm In the Stock Ex-
change to-day. Oil shares were quiet and
steady but movements OF British Industrial
issues were irregular. Quotations follow:
Bar silver, 34Md. an ounce.
Bar gold. e3s. Cd.
Money. . per cent.
Discount rates-Short and three months
bills, 2ska2 ff-f6 per cent.
~ per cent. consols. J9at.
British per cent. war loan. 102.
British AZ per cent. war loan. a5is.
De Beers. t0Js.
Rand Mines, IA.
The New York herald., 1922-04-22
BID AND ASKED QUOTATIONS
: STOCK ExcHANGE QUOTATIONS..

To the following prices accrued interest
Is TO be added:
FOREIGN GOVERNMENT AND MUNICH
PAL BONDS
The New York herald., 1922-04-22
Chi Ind & Lou
raj au fakT

reI oy 1887
10. .94
10.
Chic Ind & SO
~ 1856
2......S5
Chi MIL & J. Sd
AC fQ4a
The New York herald., 1922-04-22
q. S. CERTIFICATES AND NOTES.

sMarch ~ 100 0-1G 100 2f-32 100 a-16 3.iI
May. Al 1O0.s6 1OOS0 lOV.s4 DDS
s.iune.. 10. 1os $40 1os ZIG Io3 5-16 4.Os
sSept.. 5la 103 Is 1o3 Ia 1o5 is 4oG
.March. AZ ioi 5-1e 1oi 7-is ioi 5-1s 4.ei
1925.
sMarch. AZ f0l 1915 iOf lo-l6 lOl 1875 40
Acceptable In payment of Federal taxes
on the dates of maturity.
The New York herald., 1922-04-22
Ut FWV
1..... 1O6is
AZ GannA Iaan
Atlantic Frii
In 1914

VRs @36
Atlas Powder
CIV 7ils 1895
f..... f0f7s
Baldwin Loco
ist 5g 1870
n .A.N
The New York herald., 1922-04-22
UNITED STATES TREASURY STA TEMENT

New HrMp
New York; Bureau
ID. G.
The New York herald., 1922-04-22
GERMAN BANK sTATEMENT.

BERLIN, April 2i.-The Reichsbanks
statement as of April 10 shows the following
The New York herald., 1922-04-22

Revenue reeeLpts and eKpendItures al the
The New York herald., 1922-04-22

Closing prlaes OF stocks In which there
.ai.a uu trapanct ions yesterdav.
The New York herald., 1922-04-22

PARIS, April 2f.--Prices were firm on the
Hnlifae to-day. QuntatIona follow.
Ellsworth American., 1922-12-20
Christmas Greetings.

What a privilege is that of the
editor, with a few strokes of his pen,
to broadcast Christmas greetings TO
all his thousands of readers. And
vet the generality of such greeting
places a responsibility upon him in
the selection of the form OF greeting.
What better than the time-honored
Merry Christmas?" The American
wishes it could extend this greeting
to all its readers, yet we know the
paper will enter many homes IN
which such a greeting would seem a
mockery There are homes where
childish voices that awakened the
Christmas day a short year ago, are
missing this year; there are homes
where hearts are bleeding from re-
cent wounds, or wounds reopened
with each succeeding Christmas
season.
Into such homes we cannot IN
trude with Merry Christmas.
Rather we would wish for them a
comforting Christmas. May some
thing of the love, the gentleness of
the Christmas Child descend upon
them, softening their sorrow. we
would not urge forgetfulness of
their loss. but, rather, a mellowing
memory of it. Let the Christmas
season bring to them more vivid
pictures of loved ones who cannot
be with them in the body; let it
bring these absent ones close to the
home in spirit, radiating something
of the JOY their presence would give
it. until the day becomes one to be
looked forward to by those left as
time of happy reunion, with the Joy
of precious memory as one or lts
greatest gifts.
And now, to those other homes,
where Christmas brings only joy and
happiness. we wish in truth a very
"Merry Christmas
Ellsworth American., 1922-12-20
SPECIAL NOTICES.
MAINE STATE HIGHWAY COMMITS
SION.
NOTICE TO BRIDGE CONTRACTORS.


Notice is hereby given that sealed
proposals will be received at the office
of the Maine State Highway Commits
sion, Augusta. Maine, until eleven
o'clock a. M, Tuesday, January 2, 1928,
for the construction of the sub
Bridge over Taunton river between the
towns of Hancock and Sullivan, Han
cock county, Maine.
A fixed charge of fifteen dollars
($15.00) will be made for the plans and
specifications, the same to be returna-
BILE when the plans and specifications
are returned in good condition to the
Commission
Each proposal must be made upon
blank form provided by the Commis-
sion and must be accompanied by a
certified check or proposal bond in
favor of the Treasurer of the State of
Maine, to the amount of ten per cent.
Go per cent? of the proposal as a
guarantee that the bidder will con-
tract for the work if it is awarded to
him.
Each proposal shall be in an en-
velope. sealed and plainly marked
Proposal for, the construction of the
Bridge over Taunton River between
the towns of Hancock and Sullivan,
State of Maine"
The successful bidder will be re-
quired to furnish a surety company
bond in the amount of fifty per cent.
$50 per cent? of the contract price.
Proposal forms, plans and specifica-
tions may be secured upon application
to the Commission.
The right is reserved to reject any
or all proposals.
william NJ Aver. Chairman.
Frank A. Peabody,
Lyman II. Nelson,
State Highway Commission.
Paul ID. Sargent,
Chief Engineer.
Augusta Maine, December, Is, 1922.
Ellsworth American., 1922-12-20

dist and Baptist churches there will
be concerts by the children. The
Congregational society will have it's
Sunday morning service in Hancock
hall, with a concert and rainbow
chorus at the same place in the eve
ming. The Sunday schools Of the
Baptist and Methodist churches will
have their Christmas trees Saturday
evening, and the Unitarians Monday
evening. The ngregational Sun
day school will not have its usual
Christmas tree exercises this year,
but gifts will be distributed to the
children after the regular session or
the school Sunday morning. At. 81.
Joseph's Catholic church there Will
be special services on Christmas day,
with masses at and 1880. the
children of the parish will have their
tree at the parochial residence in the
afternoon.
The marriage of Miss Vera Eliza
beth Jordan of Ellsworth and Merle
p. Weymouth of Brewer took place
Saturday forenoon at the home or the
brides mother, Mrs. Carrie F. Jor-
dan, on Third street. Relatives ana
about fifteen guests were present
Rev. George S. Brookes, pastor OF the
CONGREGATIONAL church, officiated.
Miss Dorothy x. Weymouth, sister
of the groom, was bridesmaid, and
Wilson Jordan, brother of the bride,
was best man The brides gown was
of Harding blue, with lace overdress,
while the bridesmaid wore brown
taffeta. After the ceremony, re-
freshments were served, and the
couple left on the noon train for
short wedding trip. The bride is
daughter of the late Herbert Jordan
of Waltham, the family moving here
recently. She is a graduate or the
Bangor high school. The groom is
graduate of Phillips-Andover acad-
envy, and is associated in the lumber
ing business with his father, A j.
WEYMOUTH of Brewer Mr.. and MRS.
WEYMOUTH will make their home Tor
the winter in Ellsworth, Mr.. Wey-
mouth being at present employed In
numbering operations near Green
lake.
Ellsworth American., 1922-12-20
Bad Fire in Bangor.

Bangor, Dec. 17-Fire originating,
it is supposed, from defective wiring
on the fourth floor rear of the
Freese department store in Bangor
at O'Clock Sunday afternoon, re-
suited in losses estimated at $780,
600. The Freese establishment, con-
sisting of eight connected stores was
damaged by fire, water and smoke,
while the three upper floors OF the
Andrews music house were badly
damaged by fire and water
Nearly 400 clerks are thrown out
of employment, but Mr. Freese an
nounced after the fire that all these
would be paid full time for Christ
mas week.
All the losses are covered by in
Surance,
Ellsworth American., 1922-12-20
HancoCk-Sullivan Bridge Bids.

The State highway commission at
it's regular session held Thursday at
Augusta decided to take bids on the
masonry for the Hancock-Sulllvan
bridge, these bids to be opened Tues
day, January 2. An advertisement
for bids appears on page of this
issue.
A preliminary survey has been
made, with borings in the river to de-
termine the character of the bottom
upon which the piers and abut-
ments are to rest. The borings have
not all been completed, as it remains
to be established whether the rock
formation encountered at one point
is boulder or ledge.
Ellsworth American., 1922-12-20
WEDNESDAY, DEC. 20, 1922
Just now. when daylight is all too

Just now, when daylight is all too
scarce, it seems little inconsistent
for the State grange to go on record
unanimously as against daylight saw
ing. But the grangers know what
they are doing. They know that the
old demand for mix-up in clocks
will be heard as soon as the days be-
gin to lengthen in the spring. If
we could only save those daylight
hours from June and July and trot
them out in December and January,
there would be some merit in day
light saving.
Ellsworth American., 1922-12-20
Fears for Bass HarbOr Man.

Fears are entertained for the safe
ty of Wallace King of Portland,
formerly of Bass Harbor, fisherman
in a dory, whom the Portland
schooner, Albert w. Black, was un-
able to pick up when caught Sun
day morning in a snow storm about
fiye miles south-southwest of Matini-
Gus Rock. King had neither food
nor water and, with the temperature
below zero, fishermen felt that he
had little chance to survive unless
picked up by some passing vessel.
Ellsworth American., 1922-12-20
Exhibition and Dance.

Miss Marion Smith, who has been
teaching dancing in Ellsworth for the
past few months, will give an eXhl-
bition and dance in Hancock hall,
Wednesday evening, Dec. 81, begin
ming at o'clock. The program is as
follows:
Butterfly dance ......... Marion Smllh
Clown dance ......,..'.''''' Leta JOY
Ballet ....,........,...,.. OllNe Aus''i
Didn't you believe?
Lillian McGown, Sylvia Cushman
An,orense ........ Elaine Donovan
Exhibition ballroom,
Marion Smith. Alden Sawyer
Mr.. Sawyer is one of Bangor's best
dancers, and will assist Miss Smith
in a tango fox-trot. Following the
exhibition, there will be dancing
from to 12 Music will be by Hig-
gins orchestra,
Ellsworth American., 1922-12-20
-r=a-----=-| aa-=----4-a-7-s--- - - 81
FOR SALE.

SQUARE PIANO. APPLY TO ]. B.
Holmes, 90 State street, Ellsworth.
YOKE OF OUR-YEAR-OLD CATTLE;
girt seven feet sound and in good con-
dition. l.. R. Judkins, Stonington, Me.
FARM NEAR ELLSWORTH; STOCK
and modern farming implements; house
nicely furnished All the above in good
repair. Address B., care American,
BREWSTER PIANO IN ELLSWORTH;
cheap for cash. For particulars, write
to Mrs. A. L. Douglass, II Gilbert
ave, Haverhill Mass.