davidaulloa/AmericanStories huggingface dataset:
Every evening, Wilmington daily commercial., 1922-05-06
ALL BUSINESS BETTER,
BIG BANKERS REPORT
Industrial and Commercial
Crisis Passes, Controller
Crissey is Told.

Washington. May 6.-Gencral
strengthening Of the economic ma
chinery OF the nation was reported yes
terday to Controller OF the Currency
Crissinger by the IL chief national bank
examiners representing the F'edcr~l
Reserve districts Of the country al
their annual meeting, in Washington
In the main. the 'examiners eaid
thero has been notable improve
mcnt in business conditions through
out the country, together with re-
stored confidence and n favorable out
look for the future. The belief wal
expressed, however. that proRresi
toward normal conditions would be
gradual and not an overnight nc
Prices Stm Too High.
Marked Improvement in New Eng
land business conditions was report
ed by Herbert w. Scott. OF the Bos-
ton district, Although material
prices have been reduced. no declared
they are still much higher than
those of pre-war times. Savings de-
posits have been increasing grRdu-
ally since last fall and tho borrowing
OF banks substantially reduced. he add
ed.
In tho New York district business
generally shows a Wholesale trend. al
though still depressed in all lines. ac-
cording TO c. L. Borden.
Philadelphia Is well on the way t'
recovery, Stephen l.. Newnham re
ported.
Third District Past Crisia.
with a strong tendency toward IN
crease in manufacturing production
Increased building operations, reduc
tion of unemployment. inventory losse
overcome, all lines OF industry operat
ing on a sounder basis and with goo'
crop prospects in most sections" h
said. at seems safe prediction from
all appearances that the business de
preston OF the Third district ha
pa assed the crisis and well Oh II
way toward a full recovery; althoug
this Will be gradual process and sud
den rpurts are likely to DO followe
by slight relapses. And as prosperit
in this section VIII necessarily have
follow rather than lead recovery
the country at larEe. 1t seems TO ind
cate that TO large extent a gener'
revival Is on its way"
Other district reports are similar
those quoted above.
Every evening, Wilmington daily commercial., 1922-05-06
MILLION BUILDING ROADS.
50OOO,000 Tons Of Stone Needed for
$4,000 Miles This Year.

Road building is one OF the nations
largest Industries, according TO sta
tistics compiled by the Bureau of Pub
lie Roads. United States Department
OF Agriculture. and surpasses such
great industries as the manufacture
of steel and iron as we'll as the pro-
ducton, sale and repair of automo-
biles. In December. 1920, fewer than
100000. men were employed IN the
steel and iron industry. II is esti-
mated that last year 900 men were
engaged in making, selling and re-
pairing automobiles. Compared with
this. an army of about 1000, 600
men labored in 1921 throughout the
road construction season in building
and repairing the country's highways
Fifty million tons of stone and grav-
ell will be required by the $4,000 miles
Of Federal-aid roads either completed
or under construction i'll the United
States ats the end of the fiscal year,
according to the estimates of the Bu-
reau Of Public Roads. Some notion
that the quantity is given in the fact
that 1t is equivalent TO 100000 car
loads.
Every evening, Wilmington daily commercial., 1922-05-06
NEW BUILDING RECORD
WAS SET LAST MONTH
Survey Of Country Shows Op-
erations Almost Doubled
in a Year.

BY Associated Press TO Every Evening.
New York, May 6.-April broke al
previous records FOR the amount OF
construction started, according to the
F. w. Dodge Company. There was an
increase in every important class of
contraction projects. even IN indus
trial plants. which have been tho last
group TO pick up.
Building contracts in the Middle
Atlantic states eastern Pennsylvania
southern New Jersey, Delaware
Maryland. District OF Columbia. Vir.
gtna and the Carolinas) amounted tt
s4s.663. 900, which was an increase oi
nine per cent, over the precedins
month, and OF IS per cent. over April
1921.
! Last months total included S2O,.
$4,000 for residences; s9,5as 900 FOL
public works and utilities; s6,9S0, ,00t
for business buildings and s6,409 ,OOt
for educational buildings. This digur,
| was 23 per cent greater than for the
/ previous month and 10 per cent great.
er than the total for April, 1921.
Every evening, Wilmington daily commercial., 1922-05-06

Wellesley Hills, May 6.--When ask
ed for an opinion on certain mining
stocks, Roger w. Babson, adviser TO
over $4,000 Investors. today pointed
out three bahc principles that should
be borne clearly in mind by any one
contemplating the purchase OF this
group of stocks.
''The industries engaged in produc-
ton Of raw materials" observed Mr..
Babson, may bc, divided roughly into
three groups: Mineral. Vegetable and
Animal.
THE flrst group, Mineral. includes
NIL OF the various mining projects
Fundamentally It is the weakest
group because tho investors dividends
from mining stocks come largely
from his principal, A mining com
pany Is very much like a barrel OF
apples. when you take one apple from
the barrel there ip one less apple In
the barrel. Every dividend one gets
from the stock OF a mining company
represents the return OF a portion OF
the principal invested. This means
that II you have a stock, for instance,
In a certain mine that has n life OF
33h years, and you receive divi-
dend Of 6 per cent on that stock, you
are really receiving a dividend OF only
. per cent ON your investment, the
other per cent is tho return OF your
principal
You see. mining stock, TO compare
favorably with any othcr kind OF
stock, should pay at least 3 per cent
os' per cent more to cover this return
of principal The only proper way foi
the investor 10 keep. his books is e
divide tho dividends he receives OF
! mining etocks into two portions. On,
portion is TO be credited to principal
and the other to interest
There. howpver. is another reneor
why mining stocks are different iron
other stocks. When buying a minin,
stock one bets on what Is in tn
ground. Yet one never knows wha
there IS in the ground until after II
hns spent his money to get Il out. Al
admission fee must be paid before on
knows what there is inside to see. A
s5 per cent Of the mining companie
pever get ore on paying basis an
per cent are very profitable, this 1
gambling to the nth degree.
Mining securities for these reason
represent the most speculative clas
, OF stocks. altho most people do n,
appreciate this fact
Il do not mean to infer" continue
Mr.. Babson. that mining stocks as
class should not be purchased onl
that they should not be bought on
hit or mics basis. The copper II
dustI-y, for instance. Ia absolute
, legitimate. as farming. building, ,
operating a water power: It ts here
Every evening, Wilmington daily commercial., 1922-05-06
HOW MINING STOCKS
SHOULD BE BOUGHT
(An Rights Strictly RessrvodD
BY Roger w. Babson

stay. When you buy an interest In
tho copper industry. you nre getting
into . legitimate business. In a
legitimate way. Tho distinction be-
tween buying into the industry instead
OF buying stock IN a single com
pany must however be kept clearly In
mind.
There arc several thousand differ
ent copper mining stocks on the
market today and yet Is of these com
panies produce 80 per cent OF the cop
per. BY buying the stocks of these IS
companies. you can have an interest
In 80 per cent OF the Industry. The
point Is this. II you put, say. $500
into these IS companies, you are not
betting on my ono company. You are
buying an interest in the copper OF
America, and tho value OF yosr stock
depends not on whether copper is
found here OF there, but rather on
tho price of copper as determined by
the law OF supply and demand.
This particular group OF stocks.
representing tho industry, naturally
huctuates with It. with a great sur-
plus OF copper on the market, as was
the case laet year. the stocks go TO
the low levels. That Is tho time to
buy your interest in tho industry. IF
you hold these stocks unti1 the sur
plus In absorbed and the price OF cop
per goes up. these securities increase
In price and should then be sold out
BY following this ba stc plan you can
make very handsome profit over q
period OF two or threc years, and you
assume practically no risk. As you
are not planning ON them as a per
manent investment, you need not
bother with amortization. or the set
| ting aside OF a portion OF dividends e
cover diminishing principal.
This Is the safest way to invest ir
mining stocks OF any kind. Coal stocks
lumber stocks. oil stocke. fertilizer
stocks. md pulp stocke. IN fact tn.
stock OF any industry engaged pr1
mnr!ly in the production Of raw ma
terials. the supply of which is con
stant1y diminishing. ehould be place
in the same group"
| When asked the nnncs OF the I
companies who practically control IN
copper industry MIR Babson name
several including Anaconda, Pheip
Dodge. Utah. Kennecott. Inspiration
Ray Consolidated. Calumet and Held
J Chino. Nevada Consolidated, Gree
: Cananee. Miami. Calumet and Ar
zonn, Copper Range.
The recent improvement In the ger
/ eral feeling among business men
: beginning to be reflected In genert
, business conditions The index of II
lsabsonchart. for instance, show
Y general business Is per cent belo
r normal as compared with 10 per ceI
D below week ago.
Every evening, Wilmington daily commercial., 1922-05-06
EMPLOYMENT CONDITIONS
IN L. =. MUCH IMPROVED

Washington. May 6.--Employment
conditions in the United States demon
strate that there ts widespread in
dustial awakening extending from
coast to coast" Secretary of Labor
Davis declared today. commenting
upon investigations and reports made
by the Federal employment service.
Although there a re a few dark spots
in which considerable unemployment
is yet reported. Mr.. Davis added the
entire country can be said TO have
come out OF the depr ess.cn.
The farm situation Is decidedly en-
couraging" Mr.. Davis said.
New Ycrk State reports great de-
Every evening, Wilmington daily commercial., 1922-05-06
SORRY SHE MISSED 1T.

A young woman, on being intro
duced TO Sir Robert Bell, expressed her
regret that she had missed his lecture
the evening before.
"Oh. don't think ii would have in
terested YOU" said Sir Robert; 1T WIS
all about sun spots"
Was it really?" she replied. Then
it would have greatly interested me,
for between you and me. Sir Robert, ]
have been a martyr to freckles all
my life."-New Haven Register.
Every evening, Wilmington daily commercial., 1922-05-06
THE FORTUNE TELLER.

You viii marry the one you love-"
said the fortune teller.
Has he dark hair?" asked Miss
Gush.
Yes"
Has he a sweet little moustache?"
Yes"
Us his name George?"
"Yes"
rs he a motor-car showman2"
yes"
Does he live in Blank street,"
Yes"
Has he given me an engagement
ring. set with diamond and two
pearls?"
YES"
will he be twenty-four In March,"
YES"
My" said Miss Gush. as she turn
ed to her companion. Isn't 1t per-
fectly wonderful how a fortune teller
can know all these things, And they
are all true! can't understand it."
Every evening, Wilmington daily commercial., 1922-05-06
A DOUBLE INTEREST.

Does your wife write an entertain
ing letter."
'"Yes. she writes in this cross-cross
style. Consequently one of her mis-
sives is twice as entertaining as your
ordinary letter"
Pardon me, but how so?"
why. besides perusing the sub
ject matter, you have all the exhil-
aration Of diving an intricate puz-
gle."-Louisville Courier-Journal.
Every evening, Wilmington daily commercial., 1922-05-06
PHILADELPHIA PRODUCE
MARKET QUOTATIONS
At NOON TODAY
Special Dispatch by Associated Press TO
Every Evening

Special Dispatch by Associated Press to
Every EVENING
Philadelphia, May e--wheat--No.
? red winter. ls9Glai; do. gari,cly,
i.semi.ai.
Corn---No. for export, 7iG72; do,
No. 2. ToQ7l; do. No. 4. 6sG69:
No. Z, mara; de-. No. !. 6e&7o;
T767s, 40. No. ; yellow. 72is G1Sis
oats-No. . white. 5ois I5i: No. 3
white. 49ts@5o.
Butter Western creamery. extra.
SIS nearby prints and fancy. 44G47.
Cheese New York whole milk fancy
fats. held. 23@2S; do, fresh. l6is Gl7: {:
fair To good. l5is ole: longhorn. l7is {:
single daisies. hold 2SN -: 40. fresh.
iTaiTh.
Esgs--Ncarhy extra frsts, 27ts do,
nrsts. seis western extra nrsts. rs;
do. nrsts, 81: fresh selected. packed.
ssa3d.
live poultry-Fowls. ?sGS2: spring
chickens not leshorns 50@62: DO. leg
horns. sodS2: old roosters. i6&is;
ducks white. Pokin. 2sa26: Go. mixed
colors. 20d2S; muscovy. 20422: geese.
nearby. isGi6: do. southern and
western. i2dls.
Dressed poultry-Fowls fresh killed
choice to fancy. s31s4; do. ANAL
sizes. ?63s2. roosters. western. "a
a.. southern. 2s@2S: chickens. west
ern, Stacy, 2s&24.
rotstoes--White. per 100 pounds
fancy. i.50li.ss: No. /. Southern
per barrel. eoo@6 rs; No. :. do. s.75G
as.
Flour Soft winter straight. western
s5oGis.75: DO. nearby s.25le.50 har,
winter. straight 7.sSG7eo; do. shor-
patent. s.ooGs.5o; spring. nrst clear
s.5etdT 90; DO. patca;. s-2SGs.bo: do
short patont. s.7slSoo fancy sprin,
and city mills patent. family brand
s.ooaioso.
Hay-Timothy No. 2. :2.5oG235f
per ton; do. No. so. 1soOG:l 90; sam
pie. le.0oais.oo; no grade. 1&ooG
1900; clover mixed hay. light mixed
s.b0Q $500; No. !, mixed. 2o.o0G
:i0o.
Brsn--Soft winter. in 100 pound
saeks, ssooQss.OO per ton: DO
spring. s2.oo0s3.00
Tnllow-Prime city loose. 5A; do
special loose. 6.; prime country a.
edible. IN tierccs. ~
Every evening, Wilmington daily commercial., 1922-05-06
DIVIDENDS DECLARED.

American Smelling and Refining Com
pany. quarterly OF ia per cent on pre-
ferred. payable June !.
Baton Rouge Electric Company, semi
annual of 3 per cent on common and 3
per cent on preferred. payable June l.
Federal Utilities. Inc, quarterly OF III
per cent on preferred. payable June ]
May Department Stores Company, three
ouartorlies OF per cent each ON com
mon payable beginning June / and two
Guarterlies OF Ia per cent each on pre-
ferrod, payable beginning July
Cosden & Co. quarterly Of l34 per cent
on preferred payable June /.
Standard Oil Company of New York
quarterly Of per cent, payable June 10.
Every evening, Wilmington daily commercial., 1922-05-06
OIL SHARES SLUMP.
MARKET IRREGULAR
Part OF List Declines One to
Three Points; Other Stocks
Gain More.

Y,v Associated rrcns to Every Evening.
New York, May s.-ASclllnw OF oils,
especially Mexican Petroleum and
svnc of tho l~ss prominent domestic
issues. at extreme rcccssions of | to :
points, caused temporary unsettlemcnt
~ prices during tuiays brief stock
market sc~sion.
Shippinge. tot0ccoe. food spccialtios
and miscellaneous ISSUES including
Mercantile Marine preferred. Tobacco
Products. National Biscuit and Com
putting -Tsbulstins alro lost NJ much.
This movement was Offset by gains
OF l TO points In thu independen nj
stccis. Atlantic Gulf. Famous Play
er-, Postum Cereal and Kayser. COM
mon and preferred.
There were no changes OF import
ancc In tho railway division. The clos
Ing was strong. Sales approSimatei
zoe 600 shares
Every evening, Wilmington daily commercial., 1922-05-06

crease In unemployment. There is a
revival OF business in the New Eng
land states. notwithstanding the sus-
pension In textiles. 1 am pleased to
advise that reports coming from New
jersey state That building and CON
tract operations are now in full swing
NOhio reports increased activity
along all lines- PennGylvnnia Is SHOW
ing decided improvement in in
dustry.
There has been a largo absorption
OF labor In Baltimore. great building
activity Is going on at that point"
Every evening, Wilmington daily commercial., 1922-05-06
NEW YORK BANK CLEARINGs.

ny Associated Press 10 Every Evening.
New York. May s-The actual con-
diticn % the clearing houee hanks
and trust companies for the week
shows that they hold so.7Ss. .o20 in ex-
cess % legal requirements. This is an
increase q si7.S24.?0O from last week
Every evening, Wilmington daily commercial., 1922-05-06
DEATHS.

FFRG UsON--In Chester. Pa, May 4,
Relatives and fricods are invited 70 AZ
tend tho funeral srfviccs at the residence
OF her mother. Mks VIM Ferguson. at
Mechanicsvtilc. Del. on Sunday afternoon.
Head OF ChristIana cemetery
Every evening, Wilmington daily commercial., 1922-05-06

Kriss--who stod up for him when
he married?
kriss-Nho stood up for him wher
ed him an idiot Toronto Telegram
There's this much 20 be said at
least Tor the present day flapper. She
dresses FOR comfort Bridgeport
tCunnD Post
Every evening, Wilmington daily commercial., 1922-05-06
Liberty Rond Quotations.

~ Associated rross 90 ENcrS Evenins.
New York. May e.-Liherty bonds
closing; Three and half's. ss.4O:
first 4s, gs5e. second IS. 1886: first
as $3.50; second 4As. ss.b4 third
4ss. es74; fourth ans. 1855: Vic
tsy 4a- i00.5s: Victory sa.'s. 10000.
Every evening, Wilmington daily commercial., 1922-05-06
LOCAL SECURITIES.
Reported Daily at Noon by Laird 4
Co. du Pont Building.
PHILADELPHIA QUOTATIONS..

by Associated Press to Every Evening.
Philadelphia. May 6.-Stocks closed
Every evening, Wilmington daily commercial., 1922-05-06
FAMOUS DAMS.

Patch.
-druff.
---ube.
Webster.
--delion.
---iel.
---ce.
--te.
-Cupid---Cincinnati Enquirer.
Every evening, Wilmington daily commercial., 1922-05-06
RESORTS
REHOBOTH, Del.
CEDAR COTTAGE

FIfst khI NaryIAIiu FVenues.
Now Open. Excellent Home Cooking.
Rate TIL juno rs. We Specialize In
Sunday Dinner. {. ABBEY. Mgr.
Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1922-12-27
The King of All Kickers

The individual who gets the few
est letters makes the most complaint
to the postmaster; the man who
never has a good meal at home
growls at the hotel accommodations;
the man who complains most of his
neighbors is the meanest of the lot;
the church member who pays the
least to the church finds the most
fault and always complains; the man
who never invests dollar in town
enterprises is the man who is always
CRYING down public improvements;
the loafer or no account workman Is
always to the front in claiming there
is no work to be found; the man VINO
makes the merchant wait the longest
FOR his money is the one to hoiier the
loudest over the price of the goods
there are many others in the same
class. You know them.-Ex.
Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1922-12-27
FoRDS FOR CHRISTMAS
DEBORAH Ford Dealer S5ld Eight
Cars That Went for Christmas
Presents.

-igh. families were made happy
tbs Christmas time by the gifts Of
Ford automobiles, as exactly tha.
number Of cars were sold by Wan
rem (. Hoyt, the well known Ford
de4.er, of Deoorah, ard they all went
as Christmas presents.
Gifts of that nature are certainly
pres 70 be appreciated, and will
keep the memory of Christmas, 1929,
in the minds of the recipients for
365 days in the year.
Mr.. Hoyt is certainly apprecia.ivc
of the business also, as it was the
heaviest Christmas business he ever
did, and naturally feels good also that
SO many people were made happy By
a gift that will give them much
pleasure throughout the year and
years 20 ooE.e for that matter.
Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1922-12-27
Halse- Johnson Nuntials

The marriage of Mr.. Ralph 7,
Sharp to Miss Maggie Johnson was
solemnized at Grace church rectory
by Rev. Wn. McVettie on THURSDAY,
Dec. IA. The bride is daughter
of Mrs. Ole X. johnson, of DEBORAH,
and is one of the city's most esti-
Unable young women who is held in
high esteem in a large circle of
friends. The groom is a son of Mr.
and Mrs. Phil Halse, of Canoe, and
is one Of the county's bes: young
men, and his friends here are legion.
The happy young couple will make
their home on a farm in Canoe town
ship. We join with their host of
friends in extending most SINGERS
congratulations and best wishes for
a long and happy married life.
Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1922-12-27
New Hampton Gazette)

New Hampton Gazette)
President Harding's coal commits
sion says there are "too many soft
coal mines and too many miners"
The commission says: more capital
is invested and more miners en-
ployed than are needed to produce
the coal the country requires" The
commission says "tllis condition, of
course, involves waste on a country
wide scale" And the commission
says further that estimates of the
excess mine capacity range from 30
to go per cent above the country's
normal demand"
All of which sounds very much as
though the commission knew we are
supporting a coal trust. The idea
seems to be that we shall pay
enough for coal to give a profit to
all the mines-pay enough for coal
to pay interest on investments in
mines whether there is any use for
that money being invested in mines
or not. When there are too many
corn fields the farmer is in the habit
Of expecting to take less, but with
coal mines it seems, some way, to
be different. One would naturally
think that if there were too many
mines coal would come down thru
the agency of competition. . But
apparently this is not the case. 1t
will be noticed the commission is
talking about capacity" no; "pro-
duction.' The situation, then, APP
pears to be that capital invested in
mines is demanding that it carr, in
.ref--5- --sierfer rfS ..s--procxxiiSzs -,
not. And evidently~it Is getting 1T,
too. With an over-supply of mines
we have an under supply of coal,
and buyers bid against each other
for what is 70 be had until the price
gets up to where the idle mine can
share in the profits. Is that the
idea? If it is, all we can say is,
that that is not the way the farmers
do with their farms and the p
duets, and the sooner somebody W.
something about it the betterAIA
government that is always reclaimAn1.
swamps and fostering irrigation pro-
ieurs TO add new crop producing
acreage must feel foolish listening
to argument that coal Is high be-
cause there is so much of it.
If the commission had reported:
Mr.. President, we have been all
over and we can find only one dinky
little mine and just a few miners,
and therefore of course coal is
bound to be scarce and expensive
if the commission had said that
but what's the use?
Diamonds are high because they
are scarce. Coal is high because 1t
is plentiful. And if you are not
satisfied with this kind of logic you
can go jump in the lake.
Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1922-12-27
Mrs. Ralph Oliver an Entertainer

In an account of an entertainment
at the First Methodist church, Pasa-
dena, Calf, one of the city papers
gave the following concerning Mrs.
Ralph Oliver, known to Fayette peo-
ple as daughter of Rev. +. n. oar-
termole, who was once pastor of the
Methodist church here. Mr.Oliver's
father was teacher in Valder's BUS
mess College in DEBORAH, some years
ago.
Mrs. Ralph Oliver Of Long Beach
received an ovation from her many
friends in this city, and her charm
ing personality coupled with her
sweet voice Immediately won the adj
miration of all. Mrs. Oliver closed
the program with group OF songs
very different in character. HON.
ing" (Del Riego), dramatic in style,
expressed the spirit of the home COM
ing, and was appropos to her return
10 Pasadena. "Songs My Mother
Taught Me" (Dvorak), expressed the
heart songs of the mother, and the
sympathetic quality Of the singer was
shown to the best advantage in this
song. "The Winds in the South"
(Scott), was brilliant in character,
displaying to the full the colatura
style of singing, showing Mrs. Oliver
to be true artist in Interpretation
as well as tonal effects.