davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-07-12
General Motor. EARNINGS.

Earnings of the General Motors Cor
poration for the first six months Of this
year are estimated 70 have been between
$4,000. 900 ana $33.00o.00o after all
charges. compared with $18.0o0.o00 after
normal depreciation in the corresponding
period Of last year. Earnings Of the
flrst quarter amounted to a little under
SO. 900. 900. but In the second three
months period It is estimated that total
profits were around $2s.000,o00. The
total output for tho second quarter was
about 10000 cars. trucks and tractors.
which compares with only about $4,000
Units in the initial quarter Of the year.
The New York herald., 1922-07-12
Cali Money Lower.

Call money got down yesterday to
an per cent for the first time since June
%. 1t was about that date that the
preparations for the July interest and
dividend payments were taken In hand
and funds available for stock market
purposes began to narrow sharply. The
gradual decline in the call rate In the
last two days indicates that the funds
which were Withdrawn from Wall Street
channels during the mid-year period are
gradually drifting back. Opinion among
money brokers is that the call rate will
recede to even lower levels than before
the July / furry.
The New York herald., 1922-07-12
Gulf states steel Up.

The movement in Gulf States Steel
yesterday was largely the result of group
operation. according to tho general opin-
ion In the Street. About the middle Of
the day a tip was circulated In no less
than a dozen different houses to buy
Gulf States for a quick move UP, and
before the close 1t made good with an
advance to -s3%, up 3% points from
Mondays close. There were no news
developments to account for the strength.
and 1t was generally believed to be due
to nothing but the operations OF the
stocks market sponsors.
The New York herald., 1922-07-12

Atlantic Nationals office at 257 Broad
way will be considered as the Atlantic
office of the Bank of America. Tho
consolidated bank will have resources
in excess of s125.o00,000 and capital and
surplus OF s11 ,000,o 900. with seven offices
in New York and Brooklyn.
The New York herald., 1922-07-12
BANK MERGER RATIFIED.

Stockholders of the Atlantic National
Bank ratified yesterday the proposed
merger Of that institution with the
Bank Of America. The consolidation
becomes effective Immediately and the
The New York herald., 1922-07-12
rs MlKADo ENGINES ORDERED.

The American Locomotive Company
has received orders from the Chicago
and Eastern Illinois Railroad and the
Southern Railway calling respectively
for ten 1877 ton Mikado type locomo-
tives and fifteen 144 ton Mikado loco
motives II is also In receipt Of orders
for three small engines for Industrial
companies and one for shipment to
Cuba. VII
The New York herald., 1922-07-12
ADDS MILLION TO SURPLUS.

The Seaboard National Bank has au-
thorized the transfer of s1,00o,0o0 from
undivided profits to surplus. Capital
and surplus now amount to $fo.000.0oo.
The New York herald., 1922-07-12
UNITED STATES TREASURY STATEMENT.

Hra1p
Buresu,
Washington D. Co. July IL.
The New York herald., 1922-07-12
CANADA.

New York funds In Montreal, stf.54 pre-
miun, . 81. 100: Montreal funds IN New York.
Slf.33 discount q 81 900.
The New York herald., 1922-07-12
v YORK STOCK EXCHANGE QUOTATIONS.

1922. 1921. 1920.
142,471.1s4 e5,54s.ss4 127, ,1s0. .S66h
Der Nordstern. [volume] (St. Cloud, Minn.) 1874-1931, 1922-02-23

brabte mebrere @eieni@aften babin,
gegen 66el1er= o6er Diebesberluite I'M
ter elmer I'M 8erte itebe11ben Sorm
oes &ontraftes gu berfi@ern, oie am
i. Mai 1921 aufgegeben m1r6e, 400
onr9 cine fblimme Sage bon uber=
mdBiger 0eriiderung gef6affen muir
De-"
vDieie 2oge tua1r6e oeridlimmer
our9 Mrbeitsloiigfeit nn6 2obnberab=
:ietnng un6 @erbienit. Gin an0erer gu
Ser Nubloiigfeit beitragen6er .Saftor
i'm @erii6ernngsge1bdft beitan6 in
Ser Berringerung Der D1rdi6nitts=
prGmie ser &aten per @ar NIT Derrin=
gerten Werten. 9ie &ramie per Gar
NOR meientli9 geringer in 1891 als
oas @elammteinfommen 6as bon Der
@ei9dftsflaife er5ielt tpuroe, neil 6er
@ert nn6 ser gar=8erfa1f geringer
Der Nordstern. [volume] (St. Cloud, Minn.) 1874-1931, 1922-02-23
miuarN 8atteric TT aus
Rubber anecfertiet.

&aben Sic ii6 lie 6ariiber getpnn=
0ert, mas Ser 8atterie=Weam tut,
penn er Sbre 8atterie unterindt?
sic piiien, 6aB sic unteriu6ltng balt=
fla itattfin6en ion; tDiiien Sic altd
mar11m? 8enn sic 0ieie Sroge be-
antmortet baben monen, men6en sic
ii6 an 81. S. Gtepenion bon Ser 8il=
lar6 @erbice Citation, er miro Sbne1
genal1e @rfldrl1ng geben. nno Sic
meroen aus. oieier @rfldr11ng oen Nh1-
ben 3ieben, oaB sic miiien> es lit eli
ne ser Sauptbeoingungen elmer 5uber=
laiiigen Gar, 6aB 6eren 8atterien itd
itets I'M beiten 3u1tan6e befinben. ST..
5tepenion lit Elm bor5iglider &enner
oieiee;r Mrbeit, unb tper INNER feline
8atterien Inn anbertraut, lit itd)er,
naB er tie 6en beiten Sdnoen AMBER
trout bat.
Der Nordstern. [volume] (St. Cloud, Minn.) 1874-1931, 1922-02-23
2lmte Supply Company
I'M wad9fen bceriffen.

Die Na9frage nod Muto~8ngebo.
%rigfeiten 1T I'M gan5en Central Wun:
ne1ota I'M @adien begriffen ge1naf
Mngnbe bes st. 6. 5treeter bon oe1
ct. glolt6 Muto SltpplD GompanD.
sic ii6 einen N11sifeuungSranm anI
ser Observation-Disclosures geii6er1
bat. vgar=gigentiimer tanfen immer.
fort mebr 3ngeborigfeiten> iino aber
IorgfdGig in Ser Nusmabl uno be
fteben anf @tan6ar6 8aren," beri6=
tet &err Streeter. uDas @olf aner=
fennt 5tan6nro Sorten Der 3ugebo=
rigffeiiten ol1f benz Marft. I'm Die Sat
fade at iuuitrieren, BOB bie Ma6fra=
ge na@ Stan6ar6 3ngeb0rigfeiten fid
I'M gan5en Central Mtinneiota bebt,
Der Nordstern. [volume] (St. Cloud, Minn.) 1874-1931, 1922-02-23

| 5ernes Mobiliar nnb @initeuung bes=
ielben tpur6en bon Sen f~olgen6en @e-
fielfdaften eingereibt: @at1on Manl1-
facturing gompanD, General Sire
Broofing @ompa1nh Metpton & &oDt,
|5riby@roB @omparb, Miuer Dabis
5ecuritD 8Ionf 8oof ano
&rinting gompa11p, Map's, Daniel
5urniture Company.
Ma66em 6ie Don ben oben gefra1r1,
ten @eielidaften llnterbreiteten Mnge=
bote, entgegengenommer un6 ge0ffnet
maren, m1r6e bon Sacob @eber bean=
tragt nnb bon SOL. @erma11 inter
itibt, SOB 6ieie 8eb0rbe ii6 5u elmer
erefutipen Sib11ng 5uriid5iebe. Mn=
frog argerornmen.
@uf Mntrng bertagte ii6 sic Be
b0r6e BIG gum 3. Sebr11ar 1922, nod
mittogs 2 ubr, gum 3tpede, bent SEQ
mitee geniigen6 8eit gu Iaiien, Sic Der
idie6enen Material8 orteile tpie aud
6ie 8er6ienfte Der bon be1t beridie.
6enen obig genannter Mobiltars 5n
priifen un6 ii6 @inii6t in 6ieielben at
Iaiien.
Der Nordstern. [volume] (St. Cloud, Minn.) 1874-1931, 1922-02-23

lei bier Elm neberblif uber sic sc
i9ibte Der ct. Glol16 Muto Supplt
COMPANY gegeben.
vDie Company eroffnete i'm SUN
1919 NIT $4,000 inert 8orrat ar
&anb ibr @ef6dft. 2ebtes Sabr bof
ii9 Ser &on6el 6ernrt, oaB mir eir
$221,O0O @eidaft toten. @egenpar.
tig baben mir $4,000 inert @orra1
anf nnfern @eitenen. Ser @an0el ii
|0erart, BOB cine 8erfaufsfroft not:
men6ig m1tr6e, 6as Central Minneioto
Serritorium at berieben."
@err @treeter iagt, 0aB 5nperldiit=
ge Observation-Disclosures Supplies
berri6ten, melde ni6t praftiib i'm
bou1ten Gimme oes 8ortes fino nn6
bringen @r5el1gniiie auf ben Mearft,
sic sen. @ert un6 Da11erbaftigfeit ser
Doctor Cars beben. uNebmen Sie 8.
g. oe1t Stron1berg Garburetor," iagt
&err Streeter, rtauienoe bon Cars
iino nit 6ie1em @arburetor berleben,
uno mir erbalten faitt taglid bon Gar
@igentiimern 3eugniiie, melde beia=
gen, 6aB 6iefer @arblretor bie Be-
t%riebsfolten perringert, mebr Meilen
anf Ole @a0one @aioltn ii@ert uno
groBeres Motor8erenigen m0glid)
ma6t." @err 5treeter beri6tet, bob
eine ser lpertpolliten 8ugeb0rigfeiten
Die u1f Sen MurH gebra9t ipltrben,
bon Der ct. CLOUD Mutor9 upplD Cont
panD in @mpfang genonmen tpnr6e.
Der Nordstern. [volume] (St. Cloud, Minn.) 1874-1931, 1922-02-23
Mobiliar un6 Musitat-

metalenes Mobiliar nn6 MnSitat-
t11ng fit 6as nele @tearns Gountp
Gonrtbnusgebdu6e hermit ser Secr-
lritD BInnf Boot & Brinting Cont
panD bon ct. CLOUD, Winn., Iberlai-
fen lei 6ltrh 2iefer1ng Der art Metal
o&nitruftion Companies Bro61ifte ge-
mdb Ben BIdinen, 5pe5iffationen nno
|59eoulen, tpie nod 6em Mntrug Der
genannten eriten nnmbaft gen1adten
Company binterIegt, nadoem getpiiie
,3nidbe unb &erbeiierungen CUR 3n-
|frieoenbeit bei6er 8arteien 5ugelaiz
len iino.
Mnf Mntrng ipurbe angeor6net,
oaB Der &ontraH fir bol5erues Mobi-
|Iior n116 Musitattung hermit Der
SribzgroB gompanp bon ct. @Iou6,
Minn., u%berlaiIen, 1T 6nr9 2iefer1.re
Der Nordstern. [volume] (St. Cloud, Minn.) 1874-1931, 1922-02-23
8ciihtiemne Scs 2lntef1te>
bils 1nreb cincft eciibtcft
Grpert 1T Sriihjatrs>
Mtc>i3itt.

Beginner sic sic 5diion nit ge=
riigei1oer @paft in Sbrem Motor, 1T
SOS Bort bes SieronDmus S. Soft
bon SEN Muto!Mfedanifern Soft &
Blantenberg. Das Sbleifen Der Ben
tilen un6 ons M11sbrennen Der Gplin=
Ser bringt bem Motor gr0Bere &raft,
ma9t es lei9ter bie Siigel e%rflettern,
ma6t Die Cars lei@t Iaufen un0 fpart
Dor ollem Material, lagt er. u88upei=
len fommt ein menig Mangel an
Drud Dor, mobnrb oie ga115e Mrbef
1es Motor our n1Bloien miro. Ger1til-
ibGeifen mir6 6ieies uebel beilen."
Giele @artreiber, iagte er, fir1o,
FDie1nob1 Tie eine CUTE &enntnis Der
Nutomobile baben, nidt imitanoe, ei=
nige geringe S6a0en 5u ent6edfen, Die
bieuei9t ridt fennbar iin6. Daber lit
es bon 8i6ttgfeit, 6ab @ar-@igentu-
mer lire Cars in cine Qnlage brin=
gen, no EN- @rpert barna6 1eben ion.
SHE Soft & B~Iantenberg 6irma> mlroe
i'm Mai 1920 organiiiert. 8dbreno
ibrer anoertbalb Sabre LANCER Dienit-
5eit bnbe11 Die 5tnei Mebanifer rei9<
lt6e unteritiibung bon Mnto-Gigen-
tiimer11 erbalterL nn6 tpie IN Der Ser
g%angenbeit 10 tper6en al1h IN Der 38t-
f11nft Sic beioen tii6ttgen Wedanifer
barna9 ltreben, ibrer Rl1n6i6uft Die
bette 3%nfrie6enbeit gu geben.
Der Nordstern. [volume] (St. Cloud, Minn.) 1874-1931, 1922-02-23
'DcrRanHluneeft
oes BOARD Der County
Rommt6dre bon 5tearns
County minneiota.

Office 6es County M11oitors, Stearts
County, Minn., Sen I. Gebruar,
1922.
Spe3ieIIe Sibnng.
Die go11ntpbeb0r6e bon Stear11s
County, Minneiota, trat olS EN- So
mitee gum 8tped 5ufammen, Mngebote
fir lfablernes 1tro b6il5ernes Mobtltar.
fir bag nelte gourtba1sgebd1toe ent-
gegen5unebrnen un0 gu off1er. Dte
DeriantrI1tng mnr6e bom goritber P.
q. 2abr CUR Dr6nit1g geraferL 1i11o
beim Mamensal1fruf tpare11 ole gttt-
gIieber n1tDeien0.
Mngebote fir itdblernes 1lub boil
Der Nordstern. [volume] (St. Cloud, Minn.) 1874-1931, 1922-02-23

utro Sic Berlulte bementipre6enb b0-
ber moren. @err 0immer lit Diitrifts-
agent fir sic Metnn 2ife, Mcci0ent nn0
@ealD @erli6erungen un6 bat cine
algemeines @eritderungsge{6aft I'M
Sabre 1920 in Ser @taot eroffnet.
Neb1t Ser Met1m bertriH er 1ret Seu=
er- nr6 Eorna6o @erii6erungsge1ea=
idaften.
Der Nordstern. [volume] (St. Cloud, Minn.) 1874-1931, 1922-02-23
1nimttnter jebt 8ateit . Gr>
RSRmneen peraeas.

Motor= Cor @igentiimer, 6eren Ser
fiderung irnerbalb Ser letten poar
8o9en obgeIn1fen iino uno Die fir
@rnerer11ng etngefommen iino, finoen
aus, baB 6ie Soften beoenteno bober
fino, als iie Dor einem Sabre maren,
6oB bieIe bor6em e%rlaubten Bribile=
qien in MutoBe rit9erungsi6einen
nidt ldnger mebr erlangbar iino. 50
1aqt 8alter @immer bon ser Metna=
Bimmer 8erliderungs : Mgentl1r i'm
@6elbrof @eb611oe. r9us eben 5u
@nbe gegongene Sabr mar bonn Stano
punft ser gompanien aus Elm bar-
tes," beridtet 9err 8immer. Die
8erringer11ng ser Breiie oQer Cars
Der Nordstern. [volume] (St. Cloud, Minn.) 1874-1931, 1922-02-23

Ser Monroe, 8embroof & COMPANY
Hrooufte ge1ndB Ben NI61en, 5pe5i-
fifationen nn6 5de6uler, mie nod
Dem Mntrag Ser eritem %geranrten
Company b%interlest, 1radoem getpiife
3uidte 11n6 8erbefferl,ng CUR 8ufrte-
6enbeit bei6er Bnrteien 5ltgelaffen
iin6.
luf Mrtrag bertagte fi6 Die 8ebor-
De nls Elm &omitee fine Die.
(SiegeD 81. SC. 2abr, gorfiter Der
@ountDbeb0r6e bon Stearns
gorntp, Minn.
|BeItdfigt: Miholas Ebomep, @ountD-
Mu6itor.
Gin DritteI ser idmmtIi9en Auto-
mobile tperoen bon Sormern geeig-
net.
Der Nordstern. [volume] (St. Cloud, Minn.) 1874-1931, 1922-02-23
&erfaate Gibnna.

=
Sreitag, Sen 3. Sebr1par, 1922.
Die @puntpbeb0r6e trat als Elm
@omitee 1er @ertagl1ng gemaB 5u=
fnmmen. g. Sc. 2abr,. 8oriiber, uno
|ane Mitglie0er %nntpeien6.
@refutibe Sibung.
9aa9 iopgfdltiger gr0rternng aQer
fir Mobiliar bieier 8eb0r6e BON ben
Derlhieoenen @eienfdaften %unterbrei-
|teten Mngebote uno nod forgfdltiger
Briifung auer FOLDER ausgeiteaten
Mobiliare, sic bon Sen beiagten Sc
ien19aften CUR 5teue mren, tpie n1d
6eren DieniHauglidfeit, etnigten fi6
|6ie Mitglieoer bieier 8eb0r6e idIieB-
lid unf Sic 5orte 6es genini6ten Ma
terials. Mnf Mntrag, Der unteritiuik-
ing fono, 4purbe ongeor6net, bob oieie
Berinmml1ng Dem 8nblifum often lei.
0effentli6e Sikung.
Diefes in 5ik1ng befinoli6e &omi=
tee un6 Sic gertreter ser beri6ie6enen
-@e1eni9often, Sic int Mngebot fir
g%ol1rtbaus !Mobilior beteiligt itn6, an
tpefeno, tp1tr6e b%eartragt unb re6tma-
Big nrteritiBt 6aB Der &ontraft fir
The Washington herald., 1922-11-25
Baltimore Markets.

Wheat-Firmer; No. red winter,
s1.a1; No. Q red winter garlicky
$1.ao. Receipts, 123.oS5 bushels
shipments. 1S6.343 bushels.
Corn-Easier; No. yellow or bet.
ter, domestic old, SEC bushel. Re.
ceipts. S7.1S2 bushels: shipments,
90978 bushels.
Oats-Easier; No. white, domestic,
54hc. Receipts, 1902 bushels;
shipments. 3,065 bushels.
Rye-Firm; No. 2 Western export,
S1.O0k. Receipts, $3.50 bushels
shipments. 70,121 bushels.
Hay-Steady; SIC to $40 ton.
Flour-Unchanged.
The Washington herald., 1922-11-25
Large Copper Concerns
Report Marked Gains

NEW YORK. Nov. 24.-Marked
gains in earnings for the quarter
ending September 30 were reported
today by large copper companies.
Two companies showed a surplus.
while others have greatly reduced
their deficits.
Utah copper reports an increase
in total income Of $ss1.50 to ST.
6s5.662. After payment of divi-
dends the company showed a sur
plus Of $SS3.417, as compared with
a deficit of @1os.os7 in the previous
quarter. Surplus for the six months
was $775.330. Earnings are euuiva.
lent to $1.04 a share. as compared
with 43 cents in the previous
quarter.
Ray Consolidated Copper reports
a surplus Of $57.S0o. or four cents
share. as compared with q de-
ficit Of $247.s67 in the previous
quarter. For the six months ended
September 80 the company reported
deficit Of S190,0e7.
Nevada Consolidated Copper
shows a deficit of $125,27S, as com.
pared with a deficit Of $144.415 in
the previous quarter. Deficit for
the six months was S26s. .sss.
Chino Copper for the three
months reports a deficit Of $47.323,
as compared with a deficit Of $685..
131 in the previous quarter. De-
fictt for. the six months was $173..
454.
The Washington herald., 1922-11-25
Local Wholesale Prices.

Egss-Strictfy fresh. selected candisd.
per dos. $50 soc; average receipts 6sc
Southern. $50: cold storage. 3s0tec.
Live Poultry-Roo:ters. per H.. lsc:
turkeys. per lb., l30 CSC: spring CHECKER
Per ID. e Q SIC; keats. young. each. CSC:
Live stock-caives. choice. Per h.,
i1h 31se: lambs. choice. par H.. $50;
live hogs. Per lb.. Shc.
Dressed Pouitry-Frssh- killed spring
shiek.ns. per ~, 50 Q $50: hens. per ID.
per ID. SoOIte: fssts. youns. esSS.
Green Fruit-Apples, Per bbi.. sa.750
7.6o; per bu. basket, Boc0 S3.oe: orang %,
Per crate: $s.oo0s.oo; lemons, Per boz.
se:eo07.oo: grapefruit. e3.ooo<.oo: can
taloupss. Sl.te0 ace.
q, yvsss.aSles.Pot.tess, al Ne; !. Per bbI,.
po..,s0s' o.,s =, ES.th sSr carSiin.: !iss9isss;
kals. per bbi. i5c o si.iS; isttues per
crate. sect osi:is; romsins lettuce. soc o
S1.3S; peas saoo0!:so per basket: lima
.osSsise: e.bb.Is: Nerths.n. =; g 2
tomatoes. Der boz. saosoS.ss.
The Washington herald., 1922-11-25
Cotton Market Advances
On Moderate New Buying

NEW YORK. Nov. 24.-Moderate
new buying. based on large exports.
bullish weekly statistics and an i'm
provement in advices on the spot
article in the South, impaired ad-
ditional firmness to cotton today.
but top prices were not maintained.
owing to an increase In offerings
toward the close. Dry goods in
terests declared that confidence con-
dnued to prevail. Notices on
December contracts were fewer than
had been expected, aggregating
14.1o0 bales. The general visible
supply is 5.253. 900 bales. an increase
Of $1,000 bales for the week: the
American supply is 1855. 900 bales.
an increase of 81 900 bales for the
week. Spinners used for the season
4,380.0o0 bales against 1881 900
bales last season. The list sagged
in the final hour, reactions amount
ing to l3Q1S points in the days
maximum advance of 80 to IS
points. Last quotations showed a
net gain of II to 81 points.
FURNISHED by W. B. Hibbs & Coz
Yaa
The Washington herald., 1922-11-25
U. S. Fleet Corporation
Cited by Shipbuilders

The Emergency Fleet Corporation
was called upon yesterday by Justice
William Hitz in Circuit Court No.
l to appear on December and show
cause why it should not explain to
the receivers for the Downey Ship
building Company of Arlington, N.
Y, how their claim for $1,000, 900
was pigeon-holed and a counter-claim
for $500. 900 made against them.
The claim Is made that the re-
ceivers were notified last July that
the s7,000,000 claim had been dis
allowed, but have been unable to
see a copy of the report denying
their claim. Attorneys Cadwallader,
Wickersham and Taft, Butler and
Kratz and Guy H. Johnson ap-
peared for the receivers. The hat
ter ask for a writ of mandamus to
compel the Fleet Corporation to ex-
pose its records.
The Washington herald., 1922-11-25

NEW YORK, Nov. 24.-Steel cir
cles today were positive that no
advance in wages would be made
by any steel companies in the near
future. This belief Is based on the
failure of the American Sheet and
Tin Plate Company to advance
prices for the first quarter of 1923.
The Washington herald., 1922-11-25
NEW YORK MONEY MARKET,

NEW YORK. Nov. 24.-Call money
on the stock exchange opened and
renewed at ~ per cent. At 2:25
the rate advanced to per cent and
held.
So much money has come into the
time money market within the last
few days and demand has fallen off
SO markedly that many dealers are
now predicting AZ per cent rate
before the end of the year. They
intimate that the rate must fall if
bankers are to get any appreciable
amount OF their funds out at in
terest.
Commercial paper trading was
moderately active, with AZ per cent
the ruling rate for prime names.
The Washington herald., 1922-11-25
FINANCE
RUsfNEss' IN
Continued from Page o.
- y. o. FORBES.

reminded me OF eighty-one-year-
old Ciemenceau's favorable ejacu-
lation when he met the eighty
eight-year-old Chauncey n. De
pew, I'm a baby" His years
don't prevent Mr.. Baker from ca
reering around quite az briskly
as Clemenceau.
Eugene G. Grace, upon whom
Charles NJ. Schwab's mantle Is
falling, began 10 make his mark
early in life. His father, an
ex-sea captain, who had settled
down as a merchant in the little
town of Goshen, N. J., hadn't
enough money To send all his
sons to college, but they sue,
ceeded in winning their way
there somehow. Gene won q
valuable scholarship when he
tried to work his way through
Lehigh University, and the au-
thorities, realizing that he was
much in earnest, agreed TO de.
fer tuition payments.
Gene Grace did not belle ex-
pectations. He was prize math-
ematician in his freshman year.
and, of more Importance in the
eyes Of the student body, he
was the best shortstop their
baseball team had ever had. He
went in for both study and
play with all his might.
..'Do one thing at a time, and
do that thing as II your life
depended upon it, was even
then one of the maxims he had
adopted for his guidance. In all
his four years be never missed
a ball game, and under his cap
taincy in his senior year. Le-
high had the distinction of lickl
ing Yale, Princeton and Penn
sylvania, a unique achievement
for a relatively small institu-
ton. Also, he was valedic-
torian of his class.
How did he come to enter
the Bethlehem Steel Works?
That company asked the presi-
dent of Lehigh University to
send two or three Of the most
promising graduates, and Grace
was the first selected. Oppor-
tunity thus came to. him be-
cause he had prepared himself
for it
Incidentally, Grace is today
one of the best amateur golf
ers in America, and can hold
his own with most of the pro-
fessionals.
Schwab, by the way, while
not in this class, also is no
mean golfer-at least, in my
eyes, for he licked me by six
holes one day this summer, and
when ! promptly challenged
him to play again the next day
in order to get revenge, he
licked me by seven holes!
Wh-r anyone buttonholes mel
and asks me what ! think Of
the stock market outlook these
days, ] duck. That's how !
feel about it.
(CopyriRht 1922 nv a e rorbe,N
The Washington herald., 1922-11-25
New York Central May
Soon Raise Dividends
International News Service.

NEW YORK, Nov. 24.-Increased
dividends may soon be paid by the
New York Central Railroad. &C,
cording TO reports current today
with the return Of A. II. Smith
president Of the road. from Europe
The regular monthly meeting OF
directors was not held this month
and there is a possibility that a
special meeting will be called be
fore the middle of December wher
the regular quarterly and semi-an
nual dividends will be acted upon
1t is reported that the road MAY
decide to pay 6 per cent on itS
stock
The Washington herald., 1922-11-25
Foreign Exchange.

NEW YORK, Nov. 24.-Sterling.
demand. 4.49k; cables. 4.49h. French
francs, demand, .0716h; cables, .o717.
Lire, demand, .0469; cables, .04ssh.
Belgian francs, demand. .0664h;
cables, .0665. Marks, .0001 h
Drachmas. demand, .014S; cables,
.0150. Swiss francs. demand, .01S59;
cables, .01S61. Guilders, demand,
.03935; cables, .03938. Pesetas, de.
mand, .01531; cables. .01533. Sweden
kronen, demand, .o26s4: cables,
.O26SS. Norway, demand, .01s3l:
cables, .01S35. Denmark, demand
.02023; cables, .02027.
The Washington herald., 1922-11-25

The highest grade stocks show
the smallest amount Of decline.
Pennsylvania is off only 81 per
cent since its September high, while
Atchison. Illinois Central, Southern
Pacific and Norfolk and Western
are off but 8 per cent. Rock Islc.nd
per cent is down Is per cent, Ches-
apeake and Ohio. II per cent; North
ern Pacific and Reading, IA per
cent. and Great Northern, Is per
cent.
The Washington herald., 1922-11-25
New York Coffee Market.

December, 9.94 nominal. Fehru.
ary, 9.73. nominal; March. 9.6lG62;
April. s.47. nominal; May. 9.32S 80;
June, 9.1S, nominal: July. 9.056O6;
August. $50. nominal; September
$50, nominal.
The Washington herald., 1922-11-25
Motor Capital
Double That of
National Banks
NEW YORK, Nov. "a.

I'VE" 1Orh, NOV. "A.
TUE capital invested in the
L automobile industry II twice
that Of al the national banks
in this country, Frank b. An.
sted. president Of tho Lexing.
ton Motor Company. Corners
vile, Ind, today told q meet.
ing Of bankers.
More than $1,000, ,000, 900 Is
invested In the automobile bus
mess, he said, while the az.
gregate capital Of al the ma
tional banks Is $1,276,177, 900.
He predicted that two and q
half million cars win be built
In 1928.
The Washington herald., 1922-11-25
Rail Shares Sharply
Off in Last 2 Months

NEW YORK. Nov. 24.-Low.
priced railroad shares have declined
Ss per cent, and high-priced rail
shares only II per cent. in the past
two months. an analysis made to-
night shows. The table which fol.
low shows the more heavy de.
clines-
The Washington herald., 1922-11-25

Wh-r anyone buttonholes mel
and asks me what / think Of
the stock market outlook these
days, ] duck. That's how !
feel about it.
Ccopyright. 1s2e. by q. C. rorbe.N