davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-02-11
PROGRESS IN BUSINESS
IS SLOW AND UNEVEN
Tone Much Better, With Ex-
pansi0n NarrOU.

Much Improvement in tone of business
and little in volume of expansion are
reported by the trade reviews, which
point out that progress is slow and ufl-
even. encountering various obstacles.
Du't's Repieto said in part:
efforts to reduce production costs
through adjustments Of wages and work
ing hours meet with resistance in some
Quarters, and labor troubles at certain
points have further restricted the public
consuming power. Results of vetail dis
tribution disclose the influence of econ
orny and discrimination in purchasing
and the effect OF variable weather. while
demands in different primary channels
reveal an unmistakable undercurrent Of
hesitation and caution Hs1.fsi-
THE gains which appear, however, are
of a wholesome character, IL moderate,
and the improved position of the steel
industry is especially encouraging"
Bsddstreets said: .'There is appar-
emily little more doing in both whole
sale and retail distributive trade than in
the preceding week, but the change Is
slight. and the gain In tone Is more pro-
notInced than Is the expansion in actual
buying. still there are evidences Of
some growth in activity in such widely
separated sections as the Pacific coast
the spring whea. Northwest and some
OF the large ceptcrs on the Atlantic sea-
board. s t ~ t Ts
'rhe same evidences of irregu1arity
and of the play of counter currents ara
visible as in recent weeks. and distribu-
tive trade as a aywhole seems to await
the incentive of. the, approach of spring.
when outdoor activities will be possible.
The textile lines seem to lag, whereas
u while ago they led'
The New York herald., 1922-02-11
OWNERS OF DENVER
BONDS STILL FIGHT
SutrO Committee and PrOtec-
tive Organization Issue
New Appeals.

Tie promu!g cation OF the Western Pa
cific Railroad Corporations plan for the
reorga nization of the Denver and Rio
Grande has called forth another appeal
for the deposit of ID. & r. c.. stock from
the stockholders protective committee
headed by jefferson NJ. Levy.
At the same time the Sutro commit
tee. representing certain holders OF the
Z per cent. adjustment bonds OF the old
Denver and Rio Grande Railway Com
pany. is preparing a letter for owners
of those bonds, setting forth the COM
mittees objections TO the plan of re-
organization worked out by the Ham
mond committee and the Western Pa
cihc Railroad Corporation
Samuel Untermyer, counsel to the
conlmittee. said the aim is for co-opera-
tion of the adjustment bondholders
and the refunding bondholders with a
view to more satisfactory recasting of
the financial structure Of the Denver
and Rio Grande than that proposed in
the Western Pacihc's plan.
The stockholders committee in it's
statement directs attention 10 the fact
that It's appeal from the court order con-
firming the sale of the property Of the
Denver and Rio Grande Railway TO
Western Pacific interests is still pend
ing and holds forth the hope that the
title may yet be wrested from the in
terests that lately announced plan for
the reorganization of the property which
tie committee considers inadequate.
Pending the outcome of this litigation
the committee further urges the holders
OF the per cent. adjustment bonds and
the first and refunding mortgage bonds
not TO deposit their bonds under the
Western Pacifc's plan.
The New York herald., 1922-02-11
QUEENSLAND SELLS
S1O,OOO,OOO BONDS
Issue Due in 1947, Non-Call-
able and Sold at 96 1-2 to
Yield Over 6.25 Per Cent.

The State of Queensland sold 10000
600 of its twenty-five year s per cent.
sinking fund external loan gold bonds,
due on February Is. 1s47. and nom
callahle, to the National City Company
of New York, which offered and sold the
issue yesterday afternoon at s6ia and
interest to yield more than e.25 per cent.
TO its maturity. The proceeds of the
loan are To be used mainly for railroad
construction, opening up OF new roads
and other expenditures necessary to
develop the Upper Burnett and Callide
Valley lands OF Queensland.
The issue was sold 100 per cent. firm
to participants. all of whom. including
the principals, reported an oversubserip-
ton. The loan IS the second Queensland
one 10 be brought out in a year. rhe
first one bore Z per cent. coupon and Is
selling in the open market in the New
YORK Stock Exchange at 106 or better.
In connection with tho new loan as q
sinking fund, the State agrees to set
aside 100000 year during the life of
the loan in equal semi-annuaI install
ments. beginning on August Is, 1922,
and to he applied to the purchase of
bonds OF the issue in the open market, IL
optainable, at not exceeding par and
accrued interest. Any such sums not
expended during any six months period
shall be invested at the Governments
option in bonds OF this issue or any
other Issue Of the State or of the Com
monwealth Of Australia, without restric-
tion as to price. Bonds of This issue
purchased for the sinking fund win be
held alive and cannot be resold. Other
issues in the sinking fund may be rcsold
and the proceeds reinvested as provided
for. II is estimated that the cumulative
sinking fund provided in this manner
should amount to approximately half
of this issue by its maturity.
The New York herald., 1922-02-11
TO MAKE PUBLIC
UTILITIES 'LEGALS'
Committee of Companies Off
cials and Savings Banks
Seeks New Laws.

A joint committee of five members of
the National Electric Light Association
and five of the National Association of
Mutual Savings Banks has been or
ganized to make q comprehensive sur
vey of State banking laws with view
TO suggesting legislation, where neces-
sary, to permit the investment of saw
ings banks and trust company funds in
electric light and power company Sc
curities, according to the Bond Buyer.
1t is expected that the plan would
mean the. investment of sl50,000,00o in
electric light and power securities with
in a comparatively short time and open
up virtually new field for investment
houses and create new source OF
capital for needed extensions and i'm
provements
Savings banks in New York and sew
eral other States are reti'ictcd for their
investments to small list of railroad
bonds. The demand for these so called
legal. railroad bonds is therefore great
and they are kept up at price levels
out of line with other securities of a
similar character that are not legal"
Representatives of the National Elec-
tric Light Association on the joint COM
mittee are: M. S. Sloan, Brooklyn Edi-
son Company. chairman; 5. "A. farrar,
Electric Bond and Share Company; L. +.
Musil. ii. L. Doherty & Co.. III. NJ.
Adinsell. Harris Forbes Co.. and
G. l.. Edgar Edison Electric llluminat-
ing Company OF Boston. The banking
interests are represented by V. a. Lers-
ner of the williamsburg Savings Bank,
chairman. J. M. Wilcox. Philadelphia
Savings Fund Society; George Brock,
Home Savings Bank, Boston; W. p.
Knox. Bowery Savings Bank, and Milton
w. Harrison, New York.
The New York herald., 1922-02-11
BROOKLYN EDISON GAINS.
Earns $1O.2s share and SETS
Record in New Meters.

The Brooklyn Edison Company re-
ports for 1921 a surplus Of $1.7S9.53s
aiter taxes, charges and reserves for
contingencies. equivalent to $10.2S a
share earned on the outstanding cspital
stock. compared with s1.662.G17 and
Sa.57 In 1920.
Gross revenues were s16.5I5. o07
against $i3,30s.S69, and expenses. faxes.
&c. Sil.GS9,7G2. against sio.225.919.
For contingencies reserve of saSe.s37
was set up. and s2.052.915 was dis
tributed for interest and discount. Divi-
lends paid aggregated S1.534, 500. leay-
ing a nnal surplus of s:55,O74. compared
with s153.S5i.
New contracts in 1921 Increased bv
more than 10000 horse power the
amount Of current supplied TO Industrial
plants. Al the same time 37,6o1 new
customers were obtained. bringing the
'o,ai 10 lss.f2O, and 1920 meters were
SET on customers premises, setting a
record.
The New York herald., 1922-02-11
FINANCIAL NOTES.

William Deegan, for several years sec
Istsry % TIE Mackay Companfes has been
elected vlce-president Of the comma nies
ne wii continue as their secretary.
fhe American Acceptance Council hal
moved 10 room 1922, 100 Broadway The
.onnchs ulsphone number viii continue 10
be Rector 1921. ~
The American Trust Company has been
appointed depositary under the reorcani.n-
peny.
Henry A. Murphy OF this city. presideu,
ol James ~ White Co., Wholesale tex
tilos. has been elected director OF the
sweets Company OF America.
George jaws Geer. Jr.. and john j. Sam
PIE have been appointed assistant vice-pres-
idcnts OF the Guaranty Trust Company Of
New York. Mr. Geer was manager OF tie
company's Pail Mall office and Mr. Sample
was an assistant manager OF It's foreign de-
partment. tl.4
The Piggly Wiggly Corpora tion reports for
1871 It's total revenue as s344.3I0 ns upsr-
ating profit. after expenses. as s249, ,oaG: it's
net. AFTER depreciation. &C.. as S233, ,gS5, and
It's surplus. after dividends. as S35. 500.
John Nickerson, Jr., Is offering common
stock Of the Arkansas Light and Power
COMPANY tult
The New York herald., 1922-02-11
KREsGE SALES INCREASE.
Net Earnings for 1921 Reported ~
S20.25 share.

An increase of more than sI50,0OO
was shown in the net earnings of the
S. q. kresge Company in 1921. compared
with the preceding year, according to
the annual report, made. public ycster-
Gay. Net earnings were $3.402 033, or
$2025 o share earned on the SIG, 101 200
outstanding common stock. In 1920 net
earnings totaled S2,753.5o6, or s26.1s a
share on fhe S1o,000.o00 then outstand-
ing common stock.
Sales for 1921 were S55.S59.011.
against s51,245.3 81. and after payment
of Sl41,445 preferred dividends and
Se0G59o common dividends the surplus
was S2.5s9.99S, against s2,0I3.506. The
balance sheet showed total assets and
liabilities of s31.0So.74O. Property ac-
count was carried at Sf1,972.556 and
leaseholds. good will, &C., at S6,12S,76S.
OF inventories there were $6,s57.207
Liberty bonds and cash aggregated all
most $G,0o0,000.
The New York herald., 1922-02-11
Average Bond Prices
February 10. 1929.
BOND NEWS AND NOTES.
Joint stock bond. Onered.

and other cities are Offering block OF
the Virginian Joint Stock Land Banks
3 per cent. farm loan bonds at 101 "
and interest to yield 4.S0 per cent for
ten years and ) per cent. thereaf fter
The issue is due on November /, 1851
and callabIe at par on November !. 1881
or any Of its interest dates thereafter
From the date of its organization to
November 80. 1921, the bank has shown
an average profit on its capital stock OF
7.9 per cent. per annum. It's net earn
ings on It's capital stock, after all de-
auctions is II per cent, and its dividend
rate. per cent.
The New York herald., 1922-02-11
BUYS ALL STOCK OF BANK.
j. r. TaIcott Purchases Capital Is.
sue OF james Talcott, Inc,

All of the So. 500. 600 OF capital stool,
of James Talaott, Inc, has been puI-
chased by the corporations president,
]. Frederick Talcott at a price con-
slderably above par. The major part OF
the stock was owned by the late Mrs.
James Talcott and tac sale was made
by the executors of her estate. who are
j. Frederick Talcott, Mrs. Warner W.
Van Norden. Airs. II. Roswell Bates and
Warner NJ. Van Norden.
The corporation does p banking bust
ness, discounting mercantile accounts
and lending In the Street,
The New York herald., 1922-02-11
REPORTS Loss FOR LAST YEAR.

The report Of Emerson Birmingham,
Inc, for the year ended with October
81 shows a net loss of s3.30S,726, after
taxes, charges and inventory ADJUST
ments in contrast to surplus OF
Ss72,703 in the preceding year. Profits
after taxes were S72.74s. against s1.50e,-
226 in 1920. and interest charges. $685.
li6. against S453,0s7. Depreciation was
S21S.3S4 and inventory adjustments
42,432,9S9.
The New York herald., 1922-02-11
Harris, Forbes & Company
Pine Street, Corner William, New York
NOTICE OF nEpENrTioN

To holders Of Niciory notes asd others
concerned:
f--Caii for redemption Of 3sl rer cess
Victory notes.-Ail Of the Sss per cent series
o. United states OF America eonvettbis
Geld Notes OF ia22-io23. otherwise known
rs So Per cent Victory Notes, arc hsrsby
called for redemption on June 10. 1922,
pursuant 90 the provision for redemptiop,
contained In tho Notes and in Treasury
Department circular number 1Ss, dated
April n, 1919. under which ihs Netes ~ers
originally issued. Interest OF all Victory
notes Of the 3i4 per cent seriee VIII cease
on said redemption cate, June 10, ly2y.
s--snspensien and TERMINATION ef Victory
note convention priyiicre.--ln view Of tls
call for the redemption OF all St per cent
Victory notes on June 10, 1929, ana
pursuant 10 the provisions of said 'rrcas-
ury Department circular number t3s, ths
privilege or conversion OF Victory notes or
either reries into Victory notes OF the
other series IL hereby suspended from
February y. 1929. to June ~. 1922. both.
inclusive, ami on june 70. 1922. viii terpis,
nate. Victory notes accoroinely cease 80
he lnterconyeriible, effective February ?,
1872 and on and afieE that GATE no con
versions Of the notes iLsS be made.
3--Detalled Information ~ 10 the pres
erfation aud sgrrendcr Of .sl per cent Vie
tory notes for redemption is given In
Treasury Dept. circular number 3Ti, daia3
February o. 1922. copies Of which are avail d
sbe at the Trca sury and the fedefl'
l,eserye panks.
Secretary Of the Treasury, Feb . fsec
The New York herald., 1922-02-11
INDEPENDENT OIL MEETING.

The Independent petroleum industry's
annual spring meeting win be held on
April to inclusive in Kansas City.
Mo It viii be an annual gathering OF
representatives OF approximately 400 re-
filming ORGANIZATIONS and concerns which
market and distribute the output OF tho
refincries OF the former.
The New York herald., 1922-02-11
Philippine Issue Coming.

The Bureau of Insuiar Affairs in
Washington will ask soon for bids on an
issue of S5,000,000 of. bonds of the
Philippine Government; il Is understood.
The bonds will rpr for Ythirty years and
be guaranteed blythe indorscment of
the United States Government.
The New York herald., 1922-02-11
FOREIGN MARKETS.

LONDON, Feb. .l0.---Offerings on the
Stock Exchange increased to-day. Quo-
tations at the close of the trading fol-
low =: a. ess
Bar silver. 3iHd, an ounce.
Bar gold a5s. Id. an ounce.
Money. > per cent. ss-
Discount rates-Short bills and three
:ronths bills. 3 3-i6 per cent. :.
Two aud half per cent. consols. 52Ia.
British ! per cent. war loan. a37s
British iis per cent, war loan, STE.
De Beers. 1ois. ,.E1
Rand Mines, . s.H
The New York herald., 1922-02-11
SUBSCRIPTION RIGHTS.
DECLARES EXTRA DIVIDEND.

The Standard Oil Company Of Ohio
has declared an extra dividend OF 81 u
share. which. with It's regular quar-
tcrly dividend OF SO a share. is payable
on April | TO its stockholders OF record
on February "a
The New York herald., 1922-02-11
Sweden o. 1880
Switzerland

Toxic. City os
b. 1852
f......s0
Uruguay
$ Z x s. 1915
7, ,lC3I0
The New York herald., 1922-02-11

The Annual Meeting Of the Stockholders ot
the ATLANTIC CONTAlNER CORPORA
TGoN will be held at the office OF the COM
TAN City of New York, on Wednesday. Feb.
ruary 18th. f922. at T. NJ. for the purpose
nj eiccting Directors for the ensuing year and
for tho transaction of any other business
that may properly come before the meeting.
HENRY II. CoCHIANt., Secretary.
The New York herald., 1922-02-11

These bonds the direct credit obligations of the State Queens
land which that if the future shall ISSUE offer for public
subscription any dispose of any Bonds
loan secured by any charge pledge of any
the State the service Of this loan shall be secured equally
and ratably with such subsequent loan.
The New York herald., 1922-02-11
ooTT0NsEED OIL.
EXPORTS FROM NEW YORK.

Exports from New York Yesterday; wheat
bushels. $3.50; corn. bushels. 1S0.92T: oats
bushels. u ,2"I buckwheat. bushels. 5000
flour. sacks. 3S.6s2; beef. barrels, -: beef.
tics, f1d: lard lbs. G.O63.3a0: bacon. br. .
1.3i3,0o0; hams, lbs. $4,000: cottonsrcd
oil, lbs, So, 600 lIbricating oils. sailons.
IV3s sg5V: grass seed. bsgr. fee oiI cake, lbs,
=, ,263, 800.
The New York herald., 1922-02-11
Shpan
n - aAs
King pelsiun
DOMESTIC.

Chi Nil K ST 4
COuv S9 rOff
The New York herald., 1922-02-11

PARIS, Feb. 10.--Prices, of securities
traded in to-day on. the 3onrse were
firm Quotations at the close .: trading
were as follows:
The New York herald., 1922-02-11
ELECTIONS AND MEETINGS.
Due December IS, -

NOTICE rs HEREBY GIVEN that a meet
ing of the stockholders OF Two Size Record
Album Corporation viii be held at the office
OF the Company, i2V broadway, New York
City. ~ ". on the 18TH day OF February.
1922, AZ one O'Clock =. NJ. for the purpose OF
elec;ing three Directors for the ensuing year.
and two Inspectors OF Election 70 serve at tha
next annual meeting and for the transaction
OF such otter business as may properly come
before said meeting. Polls VIII remain open
until O'Clock Y. NJ.
New York, ~ ". February 2nd. 1922.
The New York herald., 1922-02-11
(Australia)
THE ISSUE
Due February Is, ls47
Dated February IS, 1922
Interest Payable February Is and August IS

Dated February Is, 1922 Due February l5 ls4.
Payabe and IS
n New in t o
o o
al r
m n
ionaty Of
The New York herald., 1922-02-11
QUEENSLAND

Queensland is the second
largest state on the Continent
eff Australia. 1t is as large as
the entire area of the United
States east of the Mississippi,
excluding Florida, Alabama
and Georgia.
The relation of the Austria
liam states to the Common
wealth of Australia is similar
to that of the States of the
United States to the Federal
Government.
The natural resources of
Queensland include prac-
tically every important min
ersl and extensive lands and
forests.
Queensland leans are legal
for Trustee Investments in
Great Britain. Over 60oo Of
Queensland bonds bear 4eo
interest rate, or lower.
Over $40 of the Queens
land funded debt, as of June
go, 1921, has been expended
on public Improvements,
mostly revenue producing.
The New York herald., 1922-02-11
Zurich. city Of
~ 1915
20.....100
New York City
AZ Nal IaE

2......4c
c2...... .45B
Mo ka- x Tex
gen as 1896
certificates
10 .545s
no Fan n Tex
notes extd
80. .62
Missouri Pac
The New York herald., 1922-02-11

As Sinking Fund.- the State of Queensland aside
100000 the life of this
beginning applied the
purchase H bonds of this market obtanab
exceeding and accrued interest Any such
PENDED during months period shall be invested option
of the Government bonds of this other Of the
State of the Commonwealth of Australia without
restriction Bonds Of this the Sinking
Fund will be held alive and be esod Other in the
Sinking Fund reod and the
vded for Sinking Fund
provided this one-ha
of this issue by maturity.
The New York herald., 1922-02-11
U. S. CERTIFICATES AND NOTES.
SUGAR.

r-
The Hays free press. [volume] (Hays, Kan.) 1908-1924, 1922-09-07

or the portion thereof at any time issued
shail be made payable at the fiscal agency Of
the state OF Kansas in Twenty-Five equal an
noa1 instruments the first OF which shall
De payable one year from the date Of issue.
and the last of which shall be payable twen-
ty-sx years from the date OF issue, and
which bonds shall be sold to the highest bid
DER ana Tor not less than par.
- SEC- 3 There is hereby levied upon all
ths Ia1aDie property Of the state Of Kansas
an annuaI tax sufficient to pay the interest
upon such bonds and the principal thereof Is
they may become due; and the proceeds Of
such taxes are hereby appropriated to the
payment OF such principal and interest
SEC. 4. There is hereby created a hoard
consisting OF the state officers named in Sec
ton hereof. and the adiutant General of
the state, who are hereby charged -vi{I, the
admins tration OF this law, and who shaIl
within thirty days after the taking sffecf Of
this act, make, establish and publisb y,Ies
and regulations providing for the proof 81
claims under this act. and for the method Of
payment of the same; and they are hereby
authorized IN the general administration Of
this law, to establish other rules and regula-
lions.
SEC. 5. This act shall take effect and
be in force from and after its publication in
the official state paper"
SEC. 2. This act shall take effect and be
in force from and after its publication in the
statute book.
The Hays free press. [volume] (Hays, Kan.) 1908-1924, 1922-09-07
First Published in the Hays Free
Press, September z, 1920
ILLUSTRATORS NOTICE

First Published in the Hays Free
Press, September z, 1929
STRATOR'S NOTICE
State OF Kansas, Ellis County, IS.
In the Probate Court in and for said
County.
In the matter of the Estate of Chris
tian Peterstn, Deceased.
Notice Is hereby given that Letters
of Administration have been granted
to the undersigned, on the Estate of
Christian Petersen, late of said Coun-
ty, deceased, by the Honorable, the
Probate Court of the County and
State aforesaid, dated the 4th day of
September A. d. 1922. Now, all per
sons having claims against the said
Estate, are hereby notified that they
must present the same to the under
signed for allowance within one year
from the date of said letters, or they
may be precluded from any benefit of
such estate; and that if such claims
be not exhibited within two years
after the date of said Letters, they
shall be forever barred.
Anna j. Petersen,
Administrators of the Estate of
Christian Petersen, Deceased.
Attest: J. B. Gross,
to Probate Judge.
The Hays free press. [volume] (Hays, Kan.) 1908-1924, 1922-09-07
AMUSEMENT FOR EVERYBODY
Fast Horse Races, Thrilling Auto Con-
tests, Fireworks, Bands, Auto
Polo, Circus Acts, and Ken
nedy Shows at Topeka.

A decided increase. both in size and
quality, is seen in the amusement
program for the Kansas Free Fair to
be held in Topeka. September II to
I6.
The features viii be the horse races
Monday, Tuesday Thursday and Fri
day, with four 81 900 stakes and other
large purses attracting some of the
fastest stables in the country; and
the auto races by international dirt
track champions, Wednesday and Sat
urday. Monday will be Kansas Derby
Day.
Con T. Kennedy's clean shows, with
many new attractions, will crowd the
Sunflower Trail. The thrilling auto
polo contests greeted with such IA
vor last year will be held afternoon
and night. An interesting new fea-
ture will be the Thomas Saxo-tet, a
comedy musical sensation; the fam
Gus Flying Miller troHpe of aerialists,
Madam Henke, solOist, and the Les
ter, Bell & Griffin troupe of circus
clowns Al Sweets Singing Band
will be there with the jazz, the big
night show will be held in front II
the grandstand, closing with Gordon's
fireworks; and there will be band
concerts morning, afternoon and even
ing, on the plaza of the agricultural
building. Other amusements are to
be announced later, including details
OF a program of big time circus and
vaudeville acts
The Hays free press. [volume] (Hays, Kan.) 1908-1924, 1922-09-07
DIR. BROWN
WILL BE r.
Ellis, Friday, September 9Th, at the
U. P. Hotel, and in WaKeeney,
Saturday, September 9Th,
at the American Hotel
For One Day Only
On His Regular Monthly Visits
HOURS: a. m. to S p. m.

The master minds of the age are
devoted to the conquering of disease.
The desire for personal gain, fame
or power is gradually being replaced
by the desire to benefit humanity.
Vast sums are being expended yearly
in great laboratories and pathological
institutions for research work to
make healthier and happier people.
Great strides have been made in
medical arts and methods the last
few years, especially is that true in
the field of chronic diseases.