davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-01-07
SELLING CHECKS
BUYING OF COTTON
Sentiment Unsettled, but Mar.
ket Holds Well-RecOvery
Before Close.

Sentiment in yesterdays cotton mar
ket was unsettled enough to prevent a
continuation Of Thursdays buying move
ment. but, onsidering the volume of sell
ing that came from Liverpool. New Or
leans and local professional operators.
the market held well. 1t sold off about
rs to 40 points early In its session. but
late in the day support from mills and
Wall Street resulted In a substantial
recovery, which left the market only 8
to IS points net lower at the final call.
Buying power appeared to be ex-
hausted at different times in the day.
The market displayed steadiness at its
opening and was little changed from its
preceding final bids, but before long
receded to a level Of 1906 for January,
or 80 points under Thursdays close.
Accompanying the markets early de-
cline were the unfounded rumors oi
earlier in this week. The only develop
Hent along that line was an announce
ment regarding a small bank In St.
Louis.
Many traders regarded weekly statis-
tics as standoff. but the figures on the
surface were rather bullish. The secre-
tary of the New Orleans Cotton Ex-
change placed tal<ings of American cot
Ton ny SrlnneTS LOT the Week cuucu Will
last night at $4,000 bales. in contrast
to 26s,000 in the preceding week and
$4,000 In the corresponding 1921 week
The New York Cotton Exchange esti-
mated takings OF American cotton for
this week at 252.305 bales. in contrast to
206, ,305 in the corresponding 1921 week.
The visible supply Of all kinds OF cotton
was 6403.390 bales. against 6,796.901 a
year earlier. and the American visible
4.556.S99. in contrast to 4,S4S,901 last
week.
Reports from spot centers indicate
that spinners in need OF cotton are play
ing a shrewd hand. Although not bid
ding for cotton that they need, they are
asking offers, but nothing more is
heard from them while prices are soft
Mills however. are taking advantage Of
opportunities in futures markets to pick
up cheap contracts whenever they can.
Any continued display of steadiness In
futures undoubtedly would lead to at
least a part revival of spot demand.
The New York herald., 1922-01-07
THE NORTHERN PACIFIC TERMINAL
CO., OF OREGON.
First Mortgage So Gold Bonds. Due
Janunry Io12
Trustee

The Farmers Loan and Trust Company.
as Trustee under the Mortgage made by The
Northern Pacific Terminal Company OF
Oregon. dated January /. 1883. sollcits offers
OF bonds for the sale to the Sinking Fund
under said Mortgage OF SO many OF said
will redeem, at not exceeding premium
of 10Sc upon the principal, and that II will
purchase said bonds to the extent of &c.,
at the lowest price prices. not exceeding
the rate above stated. Offers of honda
must be presented before ~ noon on Thurs
day, January 10, 1922. and should be directed
as follows: Proposals 10 the Sinking Fund
of The Northern Pacific Terminal CoHs-
pany OF Oregon, The Farmers Loan and
Trust Company. Nos. 1922 William Street,
New York City"
THE FARMERS LOAN AND TRUST
COMPANY. Trustee.
By JAMES II. PERKINS. President.
Dated. New York, December 81. 1921.
The New York herald., 1922-01-07
NO s. o. OF CALIFORNIA LOAN.
Kingsbury Denies S4O.OOO,oOO
Financing Under Why. p.

That the Standard OIL Company OF
California Is not considering any new
financing was made plain In a telegram
received in this city yesterday from h.
R. Kingsbury. president OF the company.
whose attention had been drawn to COM
ment in New York on the possibility of
a Standard oil loan Of $40, 100000.
Mr.. Klngsbury said that the company
had not contemplated any new loan
since Il issued s25.00o.0o0 OF debentures
n year ago. The company of California
has arranged for large development
work in South American oil fields. Re,
Gently II became known that IL had OBJ
tained large interest In the Pacific
Oil Company. which controls the large
acreage In California formerly owned
by the Southern Pacific Company. and
from these undertakings. II Is UNDER
stood. grew the rumor that additions
would he made 20 working capital
through loan. III
The New York herald., 1922-01-07
RIO GRANDE SOUTHERN
COMMITTEE FORMED
Will Protect Holders of Co.'s
First Mortgage. Bonds. :

AS result OF the default by the Rio
Grande Southern Railroad Company in
the payment of interest on It's first mort
gage gold bonds on January /. comr
mittee to protect the interests Of the
holders OF those bonds has been formed.
Its members arc Arthur Coppell, chair
man; Theodore @. Smith and It. J. Lis
man.
The bondholders are requested to de-
post their bonds with the committees.
The depositary in New York the Gem
trail Union Trust Company. and I'm Dem
ver the international Trust Company.
Copies OF the deposit agreement will be
obtainable from the depositaries on JAM
uary 16. Larkin. Rathbone and Perry
are counsel TO the committee.
The New York herald., 1922-01-07

neyenue receIpts and espenditures as at
The New York herald., 1922-01-07
seaboard seeks Loan.

WASHINGTON. Jan. 6.--The Seaboard-
Bay Line. subsidiary corporation of
the Seaboard Air Line Railroad, ap-
piled to-day to the Interstate Commerce
Commission for loan OF S4.679,Ss2 for
purchasing rolling stock. The appiica-
ton said hat the amount desired would
furnish the Seaboard Air Line with
twenty-five locomotives, 1850 freight
cars and other items. The security for
the loan, the application said. would
be the equipment purchased with Il and
NJ steamship properties of the Balti-
more Steam Packet Corporation, which
Is associated with the railroad.
The New York herald., 1922-01-07
The Outlook.

The next few weeks will be an anxious
period with some Of the bond dealers,
says the Bond Buyer. which asserts
that lot Of bonds are in the Street, ac-
cumulated on q swiftly rising market in
anticipation Of big January reinvest-
srent demand and higher prices. Tho
January reinvestment time is here, con-
tinues the Bond Buyer, and during the
balance of the month that demand will
clean up the floating supply OF securi-
ties. or. as more frequently been the
case. the expected demand will fail to
materialize on the proper scale and the
Jond market reflect It's disappointment
by losing ground gained In recent weeks
IN the municipal branch of the invest
ment market there has been heavy
financing. December floatations were
the heaviest on record, It's total. as re-
ported up TO December 30. being $780,
S42,349.
The New York herald., 1922-01-07
Apathetic bond Attitude.

Despite many new financing deals un-
der discussion, yesterdays attitude Of
larger issuing houses toward the mar
ket was apathetic, and bankers look
for a relatively light list of new offer
fngs next week. A lull in the magnitud
Of offerings. however, is welcomed in
view OF the aggregate put out in Decem
Der and the first part of this week.
Curiously the present situation was an
ticipated generally and in most quarters
the success Of the Dutch East Indies
flotation occasioned surprise.
The New York herald., 1922-01-07
NEW ORLEANS,

NEW ORLEANS. IAN 6,r'rhe market
closed steady to-day at net decline Of Is
to II points Closing January. 17.24c. :
March. 17isc.; May. 17.o6c; July. 1896;
SPOTS.
The local spot cotton market quiet
and 10 points lower at 1850. for middling
sales nil. Southern spot NEUTRALITY-SUSPICIOUS.
quiet 20 points lower at 1sl0c.: sales, 327
bales. New Orleans steady. unchanged at
17.25c. sales, $50 bales. Mobile steady,
unchanged at 16.15c. sales. "a bales. Sa-
vannah steady, Il points lower at 1850. :
sales. 2s bales. Memphis steady, unchanged
at 1s25c.; sales. $50 bales. ST. Louis
quiet unchanged at 1S.2Jc. sales NIL. Hous-
ton steady, Is points lower at 1856: sales.
2.413 bales. Little Rock quiet. unchanged
at 1sc.: sales, 26s bales Dallas steady. 10
points lower at 17.45c.; sales. $3.50 bales.
Montgomery dull, unchanged at 11.25c.; :;
The New York herald., 1922-01-07
Few New Issues on Horizon.

New issues os State and municipal
bonds WI be comparatively modest ir
size in the next few weeks. Several
small issues 10 no soid will aggregate
about SO 0po e0, Tho largest one will be
$1,000 900 Stale o. Oregon veterans
State aid gold bonds. bids for which
will be opened on January.16: The bonds
will not exceed per cent. The city of
Salem, oregon, Will sell $l.00O.0O0 Of it's
per cent. fifteen year bonds and Los
Angeles county. Cal. will sell $500, 900
of its 5h per cen,. bonds Providence,
r. L.. viii oper bids for $1.O0o.000 of it's
Az per cent. sonds on January IL and
the State of Idaho will offer 81 ,250,Oo0 of
her bonds on January 16.
The New York herald., 1922-01-07
BOND NEWS AND NOTES.
Small, Response to Cheaper None,

SmaII HcspOnse to Cheaper Money.
The bond markets response to yester-
days decline in call money rates to 81
per cent, the lowest figure since July
2S, was only moderate although certain
issues displayed pronounced strength
The average gain, however. was about
" point. Liberty bonds were slightly
higher and certain foreign Government
issues improved a little. In the latter
strength in British bonds, particularly
the issue Of 1887. attracted attention.
The latter were listed on the London
lieved that good demand for them has
developed over there. Some of the best
railroad bonds were active and strong
and there were small advances in the
industrial group.
The New York herald., 1922-01-07

sales nil. Fort Worth quiet, 10 points lower
at 17.45c.: sales, 480 bales.
LIVERPOOL.
Spot cotton limited demand at % points
decline: middling, 11.04d. Sales 1000. Amer
lean 5000. Imports $4,000. American 5000.
vance Closed barely steady. to points
lower. January, 10.s9d.: March. 10.84d.
May. 10.I2d. July. 10.52d.: October. 99Id.
NEUTRALITY-SUSPICIOUS. and cloths moderate de-
mand.
LIVERPOOL, ian. G--Weekly cotton statis-
tics: Imports, 1900 bales American. &c.
0O0 stock, .0s4 900; American. ESQ. 900; for
warded, 81 900: American. "a 900; exports.
900. all American: sales, $4,000: American.
II 900; quantity afloat all kinds, 100000:
American, 10000.
The New York herald., 1922-01-07
Two New Issues All Sold.

The Equitable Trust Company of New
York announced yesterday that sub
scriptions received for the Western Pa
cifc Railroad Company's first mortgage
series B 6 per cent. bonds, which it
offered. were considerably in excess OF
the total issue Of s3.000.o00. Potter &
Co., and Harris, Forbes & Co, an
nounce that the issue OF s3,00O.000 Of
the Chicago. indianapolis and Louisville
Railway Company's first and general
mortgage per cent gold bonds, series
B, had been sold.
The New York herald., 1922-01-07
EXPORTS FROM NEW YORK.

Exports from New York yesterday: wheat,
oats, bushels. 100000 barley, bushels
140,12o; buckwheat, bushels, 36.14i; flour,
sacks. .0,540i oatmeal, barrels, $500; grass
seed, bags, %; oil cake, lbs, 7,1p4Qo0;
bacons. lbs. 32s,000: lard. lbs. 1,473. S65
cottonseed oil. lbs, 10000; lubricating oil,
gallons, 3S3,7OO
The New York herald., 1922-01-07
Louisiana Award.

The high bid for 81, 100000 of per cent.
bonds of the State OF Louisiana, due in
1928 to 1861 inclusive, was 1881 and tht
next highest, 103.2S9 Consequently the
bonds were awarded to a syndicate COM
posed OF Stacy & Braun, Z. II. Rollins
& Sons and the Bankers Trust Company
of New York. The new bonds will be
offered, it is expected. early next week
The New York herald., 1922-01-07
BID AND ASKED QUOTATIONS

n. Y. STOCK EXCHANGE QUOTATIONS.
To the following prices accrued interest Is
to be added:
FOREIGN GOVERNMENT AND MUNlCl-
PAL BONDS.
The New York herald., 1922-01-07
LOUIS w. HILL TO HOLD
ST. PAUL BANK CONTROL
Can SwerUe Too Many Votes
in Contest With Heirs.

Special Dispatch 10 THE NEw YonK HERALD
MrNNEApoLrs, Jan. 6.--Control of the
First National Bank. st. Paul's largest
financial institution. cannot be wrested
from Louis w. Hill by the other heirs
OF Mr.. and Mrs. James J. Hill opposeo
to him in the fight over the ad dministra-
ton OF their mothers estate. It was
learned to-day. Mr.. Hill. who is chair
man OF the bank as well as chairman
of the Great Northern Railroad, owns
the largest individual block of First
National stock and controls enough more
to give him a voting majority. Many
leading business men OF st. Paul and
several OF Duluth. Minneapolis and Chi
cago. who are known to be favorable
to Chairman Hills interests, own
smaller blocks OF stock.
Mr.. Hill's test will come Tuesday at
the banks annual meeting.
Mr.. Hill owns about 5000 shares OF
stock. and Is one Of the three trustees.
voting approximately 5000 additional
shares. The other trustees are A.
Mitchell and ]. j. Toomey. the former
Mr.. Hills attorney. and the latter for
mer confidential secretary to James j.
Hill. The trusts are those provided for
the twelve grandchildren OF the EN-
pire Builder" and his widow.
Control OF the two Hill Corporations
institutions passed into the hands of
seven heirs. who are opposing Louis
w. Hill. The companies are the United
Securities Company and the North
western Trust Company. the former a
holding company for $4,000 worth
Of real estate and securities from the
estate Of James j. Hill. II has control
of the Burlington railroad stock belong
ing to the heirs. The trust company
is favored by the allied heirs to ad-
plan has been steadfastly fought by
Louis Hill.
Reports that the court fight over the
Hill estate was in reality struggle
for control OF the Chicago, Burlington
and Quincy Railroad, were denied here
yesterday by banking and other inter-
ests close to the Great Northern and
the Northern Pacific railroads. which
jointly own majority OF the Burlington
stock.
II was stated here that the DISPOSE
ton OF the controlling stock Is fixed
under contract and that neither road
can acquire control of the big granger.
The Great Northern and the Northern
Pacific each own 40 per cent. OF the
Burlington's stock, which Is pledged
under the s230, 100000 sh per cent.
joint bonds floated last year. Holdings
or the stock by members of the Hill
family are small.
The New York herald., 1922-01-07
NY City AS 65l

~ 4 WY HZt 20
103
NY City 4l9s 63
1......103
NY City AIS GA
2. .9Sl4
NY City As 1859
g. .93
The New York herald., 1922-01-07
FOREIGN INTERNAL BONDS.
UNITED STATES TREASURY STATEMENT.

ss.cfu, Dispatch THE NEW YonK HranB
New York; Burenu
washi ID. @, a
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-10-08
HOST Of NOVEL
DETA|LSFEATURE
NEW PEERLESS

That r. H. Collins, head of the
Peerless Motor Car company Of
Cleveland. is a firm believer in the
old saw to the effect that ITS the
little things that count" becomes
perfectly appa ent to any one maxi
ing a close sIedy of the New Peer
less. which was first announced a
few weeks ago.
Details Of car construction which
are ordinarily treated with only
casual attention, are, in the case of
the New Peerless. made the subject
tof exacting specifications and an
infinite amount of time and study.
For example, the filler spout 20
the gasoline tank, which is located
on the curbing side of the car, is a
short tube of easy contour that takes
care of the thrush of the gasoline
without allowing 1t to back up or
overflow. The gasoline filler cap
snaps off in one single short turn,
and is replaced the same way. there
by eliminating Eime consuming labor
on the part of the filling station at
tendant. The opening itself rides
free, so that the hose used In filling
does not come in contact with the en-
amel or paint on any part of the car.
In the event that the filler cap be-
comes lost, or that through CARELESS
ness Il was not replaced, the owner
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-10-08
TRIBES OF THE SIX
NATIONS HAVE CUT
LOOSE FROM BONDS
Braves Revert to Old Time
Customs, and Defy Cana
dian Government to
Rule Them
by j. A. CowMAN

special correspondent OF me Age-Hertuu
Copyright, 1922, by The Age-Herald)
Brantford, Ont, October 1.-THE Six
Nations, the remnants of the famous
Indian tribes who cast their fortunes
with the English in the Revolution
airy war and migrated to Canada
from New York state at the close
of hostilities, are on what may be
their last rampage. Tucked away on
the shores of the Grand river near
here, the majority of the braves have
renowned Christianity and reverted
to their old Pagan customs, even to
the extent of the sacrifice of the
white dog. They maintain their own
bootleggers, hold themselves above
the law of Canada, permit no out
side interference, and, through their
chief, Deskaheh, declare to all the
world that if Canada attempts to rule
them they'll send an emissary direct
to King George, whose ally they are,
and if that fails they'll seek redress
from the League of Nations.
Pow-wow Called
The situation has reached such an
acute stage, due to the complaints
of nearby white communities, that
the Hon. Charles Stewart, minister
of the interior, came to Brantford
today to hold a pow-wow with Chief
Deskaheh at Oshwek the capital of
the Grand river domain, as the In
dams call their 40.000-acre home
stead.
In the province of Ontario, the
Sabbath is somewhat blue. but the
Six Nations believe in single color
scheme and to them 1t is red. Min
listers of surrounding towns and cit
les declare the Indians violate the
Sunday by la crosse games. a series
of games having just been held be-
tween the young braves of the Six
Nations and their time compa-
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-10-08
Why the Jewett
Is Easy to Steer

AS the so horsepower engine of the
Jewett. the new car brought out by
the Page last spring, makes this Six
the most powerful in its field. much
has been said of this feature of the
car, to the possible sighting of a
interest to motorists.
Ease of handling is an important
feature of design and construction"
says Harry NJ. Jewett. president of
the Paige Detroit Motor Car com
pany, especially now that women
are SO large a factor in the purchase
and operation of automobiles. There
are many points in the Jewett which
indicate the careful attention we
gave this matter.
Among these special features are
well fabricated ball bearings in the
heads of Jewett steering spindles.
These ball bearings are placed be-
tween the top of each steering spin
die and the yoke of the axle through
which the weight of the car is trans
mitted to the wheels. In this posi-
ton they absorb most of the fric-
ton which would ordinarily occur at
thhS P'lHt IN pain pSdTiHs SO tnit
the front wheels respond readily for
even the slightest change in drec-
ton.
This accounts in large measure
for the cars easy handling qualities
and is among several features of
design that set the Jewett. we be-
lieve, little apart from what is
usually expected in automobiles SELL
'7fig for less than one thousand dol
lars"
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-10-08

triots. the onondagas of Syracuse.
N. Y. Chief Deskaheh said today the
games would go on. He explained:
For centuries the young men of
the tribes have taken part in Sunday
contests, la crosse and running races
in the summer, hockey in the winter
We will not stand for any Interior
ence by the whites on this question.
IF an attempt is made to force us
to obey Canadian law, the nations
of the world will hear of il. Our laws
and our chiefs have governed us
since before the white man set foot
on our soil.
A Free People, They Say
I'VE are a peaceable people and we
will negotiate with the Canadian
government and talk over our differ
ences In a pow-wow, but we are an
Independent nation and must be
treated as a free people. owing al
legiance to nobody. We are loyal
allies of the British crown. We are a
separate country that can conduct our
own affairs. Would you not resist
if someone who had no right to do so,
attempted to enter your own house?
We will resist IL any other officers
except our own chiefs, attempt to
rule over us. If they force US we
Will go direct to the League of Ma
TONS
There are As chiefs on the reserve
most of whom are Pagans and hostile
to Christian missionaries. They wor-
ship the great spirit and hold feasts
six or seven times year in cere-
monial costumes. and almost without
exception, they explain their adop-
ton OF their old religion by saying:
why should yCs force your reli-
gion upon us? We are not idolators.
We worship a God as you do, though
we may call Him by another name.
Our religion is not an immoral one,
for our priests teach us TO respect
the rights of others and warn us
against vice. Our sacrifices are no
different from the sacrifices men-
toned in your Bible. and our people
are not split into many faiths as
yours are, but still remain faithful
to the beliefs their great grandfath-
ers taught their grandfathers''
Mr.. Stewart is expected to detail
sufficient officers to enforce the
Canadian law, but this has been done
before with little success. If sue
cessful this time, however, the pres
ent ruler of the British empire may
ne asked by distinguished Indian
In full tribal array whether or not
he intends to keep the compact made
by his ancestor King George II,
away back in 1884, wherein the Six
Nations were made absolute masters
of the land where they live"
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-10-08

well orga nization full opportunity to
carry out the closed car production
schedule to which it has aimed for
several months. The preference for
the good Maxwell coupe and sedan
has steadily increased since these
cars were introduced 10 months
ago" said Mr.. E. L. Seouten. At no
time has the factory been able TO
keep pace with the lnsistent demand.
Greater production was several times
achieved, but buyers multiplied at
an ever increasing rate.
1T is not difficult to see why the
good Maxwell coupe and sedan were
met with an instantaneous display Of
approval. For the first time a line
of closed cars of moderate price or
fered all the utility and all the lux
ury Of much more costly vehicles
beautiful, permanent closed-car. bod
les of steel. quietness possibly only
with solid construction. broadcloth
upholstery of highest grade, finished
inside and out to de luxe closed-car
standards.
an short time motorists who had
first been impressed by the beauty
and luxurious appointments of the
good Maxwell, became equally inn
pressed by its reliable, economical
performance and rugged dependable
ity. Even during the summer months
there was steadily growing demand
for these cars, and the Maxwell or
ganization exceeded its fondest ex-
pectations for sales.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-10-08

distributor, we honestly believed
that the limit in battery values had
been reached. But on top of this
e comes this last substantial reduction
just announced
THE Prest-O-Lite company, was
tho first big manufacturer of quail
ity battery to bring the price of a
first class battery within the reach
OF everybody, and this last reduction
has made the cost of a battery COM
paratively lower than anything else
connected with an automobile.
can't see how a high grade battery
can ever be sold any cheaper"
Our large increase in sales this
spring and summer shows that the
public appreciates tine policy of a
manufactures who believes in giving
the greatest possible value for every
dollar paid by the customer. This
Prest-o-Lite policy has also been
our policy on service batteries,
charging and repairs, and we owe
our success to this policy which says
our customers interests come
first"
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-10-08
The New Sedan

Dodge Brothers Business Sedan of steel
with important new body features
will be on display today and all of the
coming week at
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-10-08
PREST-O-I|TE
AGAIN REDUCES
BATTERY PRICES

For the second time within year
substantial reductions in storage bat
terry prices have been made by The
Prest- O-Lite company, incorporated
manufacturers of the well-known
Prest-o-Ldte Starting and Lighting
battery.
when the first radical cut was
announced last December" states Mr..
j. B. Richardson of Live Wire Bat
terry company. the local Prest-o-Lite
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-10-08

The term "a man OF straw" comes
to us from the time when there was
a class of persons who attended the
law courts prepared to give evidence
in any cause to any effect-for
consideration. To indicate their pro-
fession they wore wisps OF straw in
their shoes