davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-07-08
THE EQUITABLE
TRUST COMPANY
OF NEW YORK
THREE N. Y. CENTRAL
ROADS REPORT FOR 1921
Net Incop,es Show Varying
Results for Year.
Ne NEW xOW

The 1921 pamphlet reports OF three
subsidiary railroads of the New York
Central Railroad. made public yesterday,
showed varying results as to income.
The Toledo and Central reported net
income of $65S.s69 after all charges,
compared with $1,240.993 in final net
income for 1920. It's gross operating
revenues decreased S2,S36,5S3. to a total
OF $10.T11.9s6. which was almost en-
tirely offset by reduction in operating
expenses to a total of sS,S2S.611. Net
railway operating income amounted to
S1,858.s93, compared with $2193.341 in
net earnings for 1920. including Federal
compensation and guaranty. Final net
income was further depressed by a re-
duction of s291,929 in Incorporating in
come
The Indiana Harbor Belt Railroad re-
ported surplus of S371.660 after
charges. This was sS72.774 better than
the result of the previous year, whicn
showed deficit It's gross operating
revenues amounted to S9,034.537,. or
$5S1,247 less than In the preceding year.
while operating expenses were s7,223,-
052. decrease of $2.753,920. Its total
income available for fixed charges In
1921 was s1,190.169, against only $12,52s
In 1920.
The Kanawha and Michigan Railways s
report showed final net income of
$225.47S, against net income of $920,414
in the previous year. It's gross operat-
ing revenues in 1921 totaled $4.7S5, 161,
or $61s.495 less than In 1920. while it's
operating expenses were lowered S976,6S5
to total OF s4.349,627. Income avail
able for fixed charges aggregated
s766.606, compared with s1,466,110 in
1q90
The New York herald., 1922-07-08
ROADS EARNINGS AT
4.S6PER CENT. RATE
That Annual Return IndicatsS
During May and First Five
Months Of This Yes<.

The final operating T11uft3 ot the en-
tire POI class RAILROADS OF the United
States for May show an aggregate net
operating income of s1.sso.6oo or at the
annual rate Of 4.ss per cent. return on
their tentative valuation. according to
the Association OF Railway. Executives
Their net operating income n May.
1921. was $36.943.24s. or at tho yearly
rate of ESQ per cent. on their property
investment. while In April 62st their
net operating income totaled so, ,21, ,S65.
or at the annual rate of c.93 per cent.
The tabulations for May show that
the net earnings OF the roads In that
month fell $23.2S0.900 short of earning
a per cent annual return on their
investment.
Gross operating revenues In May
totaled $44S.947, 800. an increase of nine-
tenths of l per cent. over the Same
month last year. while operating ex-
penses totaled $355.5Ss. 800. decrease Of
GA per cent. compared with the same
month last year Fifty-six railroads,
twenty-seven, In the Eastern, two in
the Southern and twenty-seven in the
Western districts. had operating deficits
in May. compared with fifty-nine in
April.
For the first five months this year
the net operating income Of the rail-
roads totaled $273 259. 900. compared with
$94. All ,9T during the same period last
year. This is at the annual rate of
return of 436 per cent. (the Same rate
of return as for the month Of May),
compared with 1.51 per cent. during the
first five months In 1921. The operating
revenues for the five months period
totaled $2,137. .339.70O. a decrease of 3ia
per cent. compared with the corre-
spending period last year. while operate
ing expenses totaled $1,714.6SS.9 300. a de-
crease of 1S1s pes cent. compared with
the corresponding I'VE months period
in 1921. Comparisons show that the
carriers during the fist ! five months
this year fell short $102. .927, $50 of realiz-
ing a per cent. return on their prop
critics used for transportation purposes.
Tabulations show an increase Of ap-
31z per cent. in the num-
ber of freight cars loaded with all com
modities in May compared with the
same. month in 1921. Because of the
coal strike, however. coal loadings fell
off F.4 per cent. below the same month
one year ago. but there was an increase
in the loading of all other commodities
other than coal of 1863 per cent.
Measured by net ton miles uhe num-
ber of tons of freight multiplied by the
distance carried) there was decrease
in freight traffic in May of eight-tenths
IF / per cent. compared with the COR
responding month last year.
The New York herald., 1922-07-08
FOREIGN MARKETS.

LONDON. July T-.-Trading was dull an,
prices moved irregufarly on the Stock Ex
change to-day: Quotations follow
Bar silver 36d. an ounce
Bar gold. b3s an ounce.
Money. 1h per cent.
Discount rates--Short bills o12ik per cen,
three months bills 2K per cent.
Two ard one-half per cent. consos 57M
British per cent war loans go7.
British ~ per cent. war loans, 94%.
DE Beers, 1iM.
Rand Mines. 2%.
The New York herald., 1922-07-08
FRIDAY. JULY Z. 1922.

Year to date. .
The New York herald., 1922-07-08
Call Money Firm.

The call money market showed no
disposition to react from the firm posi-
ton adopted on ThuHsday. Call money
in the New York Stock Exchange opened
and renewed at Az per cent. but be-
fore the close Of the stock market the
rate was again up to S per cent. A
slightly sitter tendency also was noted
in the time money market The rate for
loans Of short maturity continued at 4
per cent. but for longer periods some
bankers quoted ~ per cent Some long
term loans, however. were arranged at
Az per cent. the old rate.
The New York herald., 1922-07-08
Fewer Idle Freight Cars.

Freight oars idle on account of bus-
ness condih ons totaled 429,074 cars on
June 49,. d. crease of 1878 cars within
o week. according to reports received
by the car service division Of the Ameri-
can Railway Association. OF the total
255 .6S5 were surplus cars in good con-
dition. while tia, remaining 173.3s9 stood
in need of repairs. AS compared with
the previous we elk, surplus coal cars
showed decreaA'e of 11.0Ss cars. while
there was an irA;rease OF, III cars In
the number Of idh, box cars.
The New York herald., 1922-07-08
Maxwell Motors.

Strength In Maxwell Motors stock,
both "A" and 3D." was one of the
features Of the motor group. Maxwell
"A" advanced III points on buying stim-
ulated by knowledge that the forth
coming report for the second quarter
will show earnings Of close to $4,000. 900
after fixed charges. Such earnings
would be equal to $13 n share on the
pected that by the fall the Maxwell
company will have paid off $3.0o0,006
additional notes.
The New York herald., 1922-07-08
MONEY MARKE1'.
FRIDAY. JULY; =.

FRIDAY. JULY;7.
lSeneWaIa. Az Last. D
High. ..a...... 3 Years high. 8
4hIYear's low 2x
TIME LOANS.
Mixed collatcrals. go TO 90 days.. a
Mixed collaterals. 4 TO months. 0!X
Industrials. 4 to 8. months. ........... @4H
COMMERCIAL PAPER.
Best names. 4 to 6 months. ......... e4M
Other names. to months. .......
DISCOUNT RATE, RESERVE BANK.
90 days, 4; Liberty bonds and Victory notes.
10 days. 4: >16 to 90 days, 4; bankerS
acceptances. Is to 90 days, 4,
sFixed June 81. Previous rate. AZ. fixed
November 2. 1921.
OPEN MARKET RATES.
Call loans and acceptances......... 81
Discount rates on prime bankers accept .
ances eligible for purchase by Federal Re.
Bid. Ask. Bid. Ask.
GO GO days. d =. sH 3 I1So days 49,. 49,. az 3
CLEARING HOUSE STATEMENT.
Clearing House exchanges. $ss6.700. 900;
balances. $67 800. 900; Federal Reserve credit
$55, 100000.
SILVER MARKET.
Official bar silver in New York, domestic,
99Ssc.. unchanged. foreign. TIC, UP kc.!
London. 36d., up ltd.; Mexican dollars
Range of silver prices this year,
Highest. Lowest.
London. ..... Brad, May % S2kd., ,sFeb. c8
New York...... 73Hc.. May % 52%c.. Feb. e
The New York herald., 1922-07-08
REFS SALES INCREASE.

Robert Refs & Co. report sales for
the first six months of 1922 Of $3.1S4,000
as against $2,626,000 for the same period
last year. an advance of 17h per cent.
Every month of 1922 to date showed a
substantial increase over corresponding
month of 1921
The New York herald., 1922-07-08
Observation-Disclosures Plan.

Information has been obtaAhed from
an Interborough official that deposits
Of securities of the Manhattan Railway
company under the Interborough Man
haitian readjustment project have been
made in sufficient volume to warrant
operation Of the plan before August 1.
The Manhattan protective committee
already Is assured of deposits exceeding
two-thirds OF the outstanding stock of
$50 100000 and deposits continue to come
in. With the first announcement Of the
plan Manhattan Railway stock rose to
SSH. against a low price for the year
of s5, but since the middle Of May the
stock has dropped back to around AZ.
The New York herald., 1922-07-08
FAR EAST.
CANADA.

New YorK funds In Montreal, siiss pre-
miutn $1,000; Montresl funds in New York
tif.74 discount . $1,000.
The New York herald., 1922-07-08
steel-CoaI Merger Talk.

Interests closely identified with the
! Gulf States Steel Cooperation and the
ASloss- Sheffield Steel and Iron Company
y enied yesterday that negotiations had
bN'en opened looking to consolidation
erA bracing those two companies. the
Iro<l Products Corporation. Pratt Con-
solA' 'ated Coal, Corona Coal and EN-
pirei Coal companies. A story circu-
lated during the forenoon included as
serticAls that options had been obtained
recently on some Of the foregoing prop
critics and that another group had been
approaAled with similar objective in
the last. week. None of these state
ments CO uld be verified yesterday.
The New York herald., 1922-07-08
Punta Alesre Acquires Baragua.

Ratification by stockholders of the
proposed sale Of assets of the Baragua
Sugar Company to the Punta Alekre
Sugar Company practically completes
the acquisition of this company by
Punta Allegro. Although all proxies are
not yet in. John r. McCune, vice-presi-
dent. stated that they are sufficient to
assure the success of the transaction.
An offering of $4.500.000 in bonds to
finance the purchase Of the Baragua
sugar estate in Cuba is expected to be
announced shortly. The bonds will be
the obligation OF Cuban corporation
formed to take oversthe Baragua estate
from the present Baragua Sugar COM
pany. All the corporations common
stock will be owned by the Punta Allegro
Company and cash proceeds of the bond
offering will be used to retire at 110 the
preferred stock OF the present Baragua
Sugar Company.
The New York herald., 1922-07-08
w YORK STOCK EXCHANGE quotations
JULY 1922 Y

1ses. 1921. 1920.
141.021.105 s4.549.024 l264Sy. 1oe =
The New York herald., 1922-07-08
Cuba canc'. outlook.

The Cuba Cane Sugar Corporation
has an encouraging outlook, according
to a director Of the company. ''Indi-
cations are that the United States will
need 100000 tons of sugar next year."
he said. "and Cuba may have to supply
100000 tons or more Of this. Cuba
faces short crop due to neglected
field civilizations and cane replantings."
The New York herald., 1922-07-08

III. est. est. Ing. lch'nse.
The New York herald., 1922-07-08
TOPICS OF WALL STREET.
rails Hold Gains.

transportation stocks were active and
higher In the arly trading and later
eased off fractionalfy without substan-
tial reaction. From virtually every
angle the outlook for the railroad in
dustry Is bright. All signs indicate that
the coal strike and the shopmens strike
are on the wane. and soon will be re-
moved entirely as factors in the indus
trial situation. The aggregate net oper-
ating tncome Of the carriers for May
amounting to $61. .s0o. 600. or at the annual
rate OF 4.36 per cent return on their
tentative property valuation. ran more
than $5.000.000 ahead OF the expectations
or railroad managers. Freight loadings
In the last two weeks of June were
more than In any week since the peak
OF the fall load was being carried last
October. while freight cars. idle on ac-
count of busines conditions. continued
to decrease. The general 10 per cent.
cut In freight rates. effected on July /.
the cost of which to the roads has
been offset by compensating reductions
In wages. probably will contribute fur
ther to the revival of general business
and to the prosperity of the carriers
In the second half Of the year.
AutomODIAe sales ana output
The fact that nearly 40 per cent of
all sales of the Willys-Overland Corpor-
alton In May were made to buyers who
had not previously owned cars is taken
as an indication that the saturation
point In automobiles Is still far away
The company's retail deliveries In May
were approximately 40 per cent. greater
than In April. and the percentage of
new buyers in May was almost 70 per
cent. higher than dn the preceding
month. There are many interests, how
ever. who have studied the automobile
situation closely. who feel that the car
makers are going too fast, and that
unless check is put on. the present
tendency to speed up production and
load up with raw materials, another
period of overproduction and unpro-
ductive inventories may be found. Pro-
duction of passenger cars and trucks
last month exceeded 250.000, according
to the estimates Of Automotirc Indus
tries. In May shipments were 256,e00
and June is almost certain to be as
large and probably will be larger. the
review sets forth. The output for the
second quarter of the year is therefore
put at the record figure of 725,0o0 cars.
Cuba Canes Outlook.
The Cuba Cane Sugar Corporation
has an encouraging outlook, according |
to director Of the company. "Indi-
cations are that the United States will |
need 100000 tons of sugar next year." |
he said. "and Cuba may have to supply |
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-03-15
.EXCELS|O LODGE WORTHY HOST
To MORE THAN 200 ODD FELLOWS

James n parrio;t. OF Moundsvilie. Mr.
Parirott spoke on the work Of the order
and complimanted the local lodges upon
the success Of their N3Silat.onS
Miss Ruth Robinson was next on IN"
program. with rcadiNS, ard Misses
Mildred k'aethe and Blanche llcndcrshot
were next With Il piano duet. III. T..
Woody. member "t III" l..u,".u Lodge
No. A. OF McMec!cn. past grand master
80! West Virginia. vas next "N the pro
gram lie il Il member ~ the h"m"
hoard Of tn" stat" h"u'c Of TIC lodge at
E,k,nS. and his talk was "u the work
1c;uc done At ElN;u~. HIS talk wdS
most interesting.
dialug"c BY Misses Virginia and
Katherine Brauu..cn fo!i"wcd. and L
vas most appealing. Miss Margaret
Williams r"Ni sang SOLO. and Miss
catherine O'Bricn save reading. The
program ,ioSed with several musical
.uirnerS - Verne Winters and charles
Davis after which refreshments we're
served
There were many ladies AID children
rreSent member % me families or ncm-
"ers hcing invited. The AFFAIR was
&irat success.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-03-15
NATIVE HAWAIIANS
COMING TO COURT

In y Night "a NonnllG." which
comes &" tho Cont Theatre ncNt Tn"~-
day March, - Matinee and nigh; IN" ma
tive Hawaiian singers and muHN!nnS
Will hc found - occupy great d"a!
~ III" spectators Attentions. Hawaiian
MUSIC ~ tn" gifted native singers and
players has been great success "a
America because Il is different. Tho
wIStrUl beauty Of the music s""mS to
larry the American audience across the
Pacific 20 the Island Paradise. The mel
odioTS strains Of their quaint songs
and the accompaniment on native instru
mentS Is p'ajnt.ve and fascinating.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-03-15
HON. JAMES D. PARRIorr AND PAST
GRAND MASTER WOODY
ARR SPEAKERS.
Attractive Program fonowB Business
Ssssioln-Ladtss and Children
Were Guests.

with members OF Excelsior Lodge NO.
~. independent order OF odd Fellows.
proving themselves worthy hosts. oNer
"n0 members o. ihe order from Wheel
Ing Lodge No. .. concord Lodge No. -.
aad few other visitors. enjoyed = m"+i
su"cesstu, program at the third ~
S-ries % ,i$!ta;ions being held by 'h"
,',rep lodges in Wheeling last evening "a
the .. O. T. building. at Twelfth and
Chaplne streets.
The affaj: was one % he most sue.
c"S>ful o. ttc series and the attendants"
was larger ;hau anticipated. OWN l."
the rain. Members o. lodges other ;Aan
toe three ho,dia. v;si,auonS we're pres
sut as We,
The program opened after a short
business session. ami was presided owe"
b, aymond Bauer. lie introduced Hon.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-03-15
5. S. BASEBALL LEAGUE
MEETING ON THURSDAY

Representatives % the sunday schools
~ tie Waeel:ng district Will hold a
meeting 'S'ursday evening in the Y. NJ.
{. ~ TO consider The possibility of O.
gauil.ng a Sunday School baseball.
'caGue for the coming summer. and all
Indications Il, present are the league
viii become Il reality. Judging from the
success o: the 1asie,bAll leagues.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-03-15
Ed LEWIS WINS

Fort Wtyu.. lad. March II --- Ed
Strausler Laws. worlds h"avt weight
wrestling ,-NaIrnion. det"a',u laiiudrI
iEoua:. OF HG!..s. ~ straight Calls her"
tonight winning the nvSt III - minutes
ard tie S"vrnG III Oh" minute. b"in win
head .toJn~
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-03-15
FULTON VICTOR
IN KNOCKOUT

rhraGeiDa.a. IA March - 800 Fred
Fulton. Minnesota heavyweight. roaiShr
Knocked out linn Holland. Baltimore, IN
IN, S.Ntn FOUND ~ a scheduled etSh;
round bout
Fulton l"prci Holland four times m
the urSt rOUra. hHr the Raltlmorean
"a ne back strong in the second round
ana vas Oh even terms until the knock
cat bl"w. a LETT hook - the jaw.
lack Palmer. o! Philadelphia. won
from Mir,s"y Walker. Newark. on ioul
ia inc NTH round.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-03-15

Podger to new acqualntance)-l Won.
der If that fat old girl is really trying
10 tlrt with me"
Cooler---I can easily find out by ask
ing her; she is my wife.-Ja cksonviih
Timcs-Union.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-03-15

It with his latest hair raising scrss
story.
Friday night brings out the local cor
testants in the local dancing contes
and the patrons can look for some very
clever ball room steps according to Prot
and Mrs Oatmen under whoe personal
SUPERVISION the contest is conducted.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-03-15

;, maM"s love. believe things mat
aren't 50
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-03-15

Arthur B. Rceves great stories Of
mystery. crime and detection complete,
two each week, in the Wheeling Daily
News.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-13
Parents AS Educators
COMPANIONSHIP WITH CHILDREN.

National Kindergarten Association
These articles weekly
columns
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-13
MOTHERS DAY
Sunday, May II, 1922
By Berton Braley
By Berton Braley

They dream such splendid dreams for us,
They plan such glowing schemes for
When little rosy kids who laugh and and
And life would be most wonderful
Instead of blind and blunderfu
If but tenth of mothers would and then
true
Yet mothers care laborious
And all their visions glorious
Are things we take as commonplace, rghtfu
due,
And though they whisper peadlngy
We smash their dreams unheedlngly-
But still with undimnshed faith they their dreams
anew!
And when the world has battered
And fate has manned and shattered US,
When life against and lips with
Upon the mother breast again
Our weary heads rest again,
Sure of the steadfas tenderness that always us
through!
Oh, love beyond all measuring!
Oh, faith forever treasuring!
secret splendid vision and the hope forever new
Oh, deep abiding mother love
That lasts beyond all other love,
doubts joyous day its dreams coming
true!
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-13

rible cost Where are their par
entS? What are they thinking OFF
How often do we hear this said to-
day as We gaze upon the girls and
boys who are on the streets, in the
restaurants, at the shows, in the
automobiles; as we read the hor-
ten to tales of disgrace and disas-
ter.
1t does not matter much where
they are now. Ii is too late. Their
great chance is gone for good and
all But years ago these parents
were spending hours upon them
selves which should have been
passed in companionship with their
children. What would they not
give now for that companionship
and the influence which can be
bought only at that price.
But, oh. you fathers and moth
ers of little children, don't let your
opportunity slip, Now is your great
chancel Fill the golden hours of
your children's early years with
all sorts of work, play, projects,
excursions, reading and studying to-
gether. Live with your children.
1t was long ago that FroebeI cried,
Come, let US live with our chill
dren!" and never was his reason
for so doing so clear to our minds
as in these latter days. Do not
say that you are too busy, or that
the labor of providing food and
shelter for them prevents. Let them
according to their years. in
the family work, the family respon-
sibilities and even the family in
come. Remember that companion
ship means participation. You can
make work a frolic or an unwel-
come drudgery to them; it is for
you to choose. All depends on the
spirit in which the necessary things
are done. Even be thankful that
your means are restricted, for then
your problem will be a simpler one
than if you had all the money you
wish you had. Necessity is an able
assistant to any sort of teacher,
and besides it is you the children
want rather than the things you
think you would like to give them.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-13

Brady east doubt on the testi-
mony of John Mcdonald, who said
he saw Mooney with the Inflated
suit case" and demanding why, if
his testimony was so unreliable,
he did not have him arrested and
prosecuted for perjury" the San
Francisco Call replies that this ar
gument is answered when it is re-
called that Mcdonald agreed to
come to San Fran sisco from the
east on only one condition-that he
be qua santeed against arrest and
prosecution for perjury The dis
trict attorney gave that promise as
the only way to get Mcdonald to
come where he could be interrogat-
ed" The Call also argues that the
acquittaI of Frank c. Oman, tried
for perjury against Mooney did not
stamp his testimony as reliable.
The general arguments recited
by the district attorney in his let
ter to the governor are unqualified
ly endorsed by the Ithaca, \. Y,
Journal-News, which believes that
California will do something to.
right herself with the rest of the
country if the governor revokes
MONEYS sentence of life imprison-
ment and also frees Billings. OF
course that is not enough, although
it is probably all and perhaps more
than can be expected in view Of
the manner in which this case was
handled Those who at first assum-
ed that the conviction was just,
and have since seen the worthless
ness OF the evidence proved, would
think better of San Francisco and
California if they traced the Shiny
trail of subOrnation or perjury, and
the men higher up. If the
refuses to act. the Pitts
burgh, Pa, Press, believes that
this duty can be discharged by
President Harding. The president.
who appears to be a benevolent
man and a lover of justice,
should release not only Mooney but
the 100 political prisoners impris-
oned during the war for pacifist ut
terances. This is the only country
on either side of the war which is
still keeping such persons in con-
finement. 1t is no wonder that the
American civil liberties union and
the federal council of churches are
protesting against such illiberalism
which would better grace Turkey
than free America"