davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-01-14
100000 COPPER
NOTES TO Be PAID
Export Association Draws on
8 2. G. Series B Issue for Re-
demption Feb. Is.

That the copper export movement Is
dicated by the announcement made yes
terday by G. w. welch. treasurer of
the Copper Export Association, that ST.
100000 par value of its 8 per cent. Sc
cured gold notes. series H, due ON Feb
rrary Is, 1923. have been drawn for
redemption and will be paid on February
10, 1922, at 101 and accrued interest to
that date
The association was formed to pur-
chase and resell In foreign markets
400.000.000 pounds Of refined copper.
Under a trust agreement copper could
be withdrawn only on payment to the
trustee, the Guaranty Trust Company
on New York, of 12H cents a. pound,
and all cash so received by the trustee
was held by it as security for the s
per cent. notes until applied to their
payment or redemption.
The original issue of the notes was
S40e00,000. due $6,000.000 In 1922.
$10.000,000 in 1928, $12,000,000 In 1924
and $12,000,e00 In 1926. In August
$1.000.000 of the series A bonds, due
this year, were called, leaving $5, 600, 900
to be paid Off this year in addition to
S7.000,000 of the 1928 maturity, now
called. making $4,000, 900 to be paid in
1922.
Seven thousand numbers were i'm
Guided IN the drawing OF the $7.000,0 900
of series B notes. Holders of the notes
drawn must present them for payment
on or after February Is to the trust
department of the Guaranty Trust Com
pany OF New York. The Copper Export
Associations 8 per cent. series B notes
are quoted at 10lla in the curb market.
The New York herald., 1922-01-14
Bond Trading Droaden..

Trading in bonds yesterday was on
Sbout The same scale as on Thursday
but the broad cllaracter of the market
attracted general attention. Investment
buying was spread fairly generally over
tho list, embracing the rails, fractions,
industrials public utilities and foreign
governments. Transactions In United
States war bonds were again on a large
scale, but most OF the active issues
closed shade under Thursdays final
quotstiony. -he two issues of Victory
notes did not reach the high records
established on Thursday, but were fairly
active q few cents under them. Several
new high records were established In the
railroad group. including Southern Pa
cihc convertible As, Union Pacific IS.
Atchison general As and Northern Pacific
prior lien As. Advances in the rails
ranged from fractions TO well over a
point. Northern Pacihc-Great Northern
joint 6ias were particularly strong, OPEN
ing at 1868 and selling up to 10s In
terborough Rapid Transit rofunding 5s
were notably active. and rose about a.
coint. In industrials sharp advances
sero made by Chile Copper SIS and Is.
Mile great activity WIS displayed by
Sinclair Oil 7Ihs.
The New York herald., 1922-01-14
SUGAR PRODUCTS CO..
IN NRECEIVER'S HANDS.
Indebtedness S5,000,000, One
Creditor Says-Cannot Pay
Big Dutch Judgment.

The Sugar Products Company. with
offices at 20 Broadway, went into
the hands of a receiver. in equity
yesterday when Robert Szold of 43 Ex-
change place was appointed by Judge
Julian w. Mack in the United States
District Court. Papers filed by one
creditor say the indebtedness exceeds
$4,000, 900.
The Interocean oil Company, a South
Dakota corporation with New York
offices at 80 West street, brought about
the action. 1t has claim of S5073 and
contends that the sugar corporation is
unable to meet it's maturing debts. W.
B Baker, president of the sugar COM
pany joined in a plea for a receiver,
as did the answer filed by the company.
The Sugar Products Company in its
answer admits also that 1t is unable TO
meet judgment for s239.f6 obtained
by spiritus-f -fabrick-A of Amsterdam,
Holland, on January 3 in the New York
Supreme Court. A fifteen day stay had
been granted in the matter
The subsidiaries of the Sugar Prod
uets Company include the Pure Cane
Molasses Company of New York. the
Pure Cane Molasses Company, Ltd. of
Canada: aneMola, Ltd. of Canada;
James Moren Corporation of Della.
ware and Steamship Reynolds Cor
poration of New York. Branches OF
the subsidiaries are in Cuba. Porto
Rico. Haiti, Santo Domingo. Barbados
and several cities in the United States.
Robert Sold was appointed receiver
under a bond of $1,000 and Will con-
tinue operations during the period OF
receivership.
George g. Palmer. president of the
United States Food Products Corpora
ton. of which the Sugar Products Com
pany is subsidiary, issued yesterday
statement. which follows in part:
1--WE are advised that it is the best
way in which the Sugar Products Com
pany situation can be correctly and
thoroughly dealt with. The United
States Food Products Corporation, which
at one time purchased its molasses
through that company, has arranged
for it's own supply. The Sugar Prod
ucts Company's troubles will not affect
the United States Food Products Cor
poration or any of it's subsidiaries. The
outlook for the future business in many
departments of the company is good
The New York herald., 1922-01-14
Food for Thought.

A bond expert in New York, sensing
the strength of the present upward
trend in bonds, consulted with some
Western confreres about as follows: 1T
seems to me that the present market is
one in which easing money rates makes
il permissible for us to press the pur-
chase of bonds on our customers pretty
vigorously. provided. OF course, that
they have funds available. IN other
words, both we and our customers have
to be ahead OF the market if we are
not to miss opportunities. This is clearly
indicated by the record of recent offer
ings. most OF which came ont somewhat
above the market, but which are being
satisfactorily absorbed.
II have in mind Canadian Pacific de-
bentures. American Sugars and Dutch
East Indies. All OF these were too high
priced, and yet the present easiness OF
money is lifting them out" Apparently
he thought that the West had not felt
as fully as the East the effect Of the
case in money rates and that 1t would
be wise for dealers to anticipate to a
greater extent than they had done the
Improvement In fundamental conditions
The New York herald., 1922-01-14
FURTHER WAGE CUT
ON RAILROADS URGED
4. c. c. Told Economies Fail
to Increase Earnings.

WASHINGTON, Jan. 13.-Econonies OF
railroad management and increasing
efficiency of railroad labor have failed
to hold railroad earnings above their
danger mark, according to railroad
presidents testifylng to-day at the In
terstate Commerce Commissions inves-
tigation into transportation rate levels.
H. u. Byram, president OF the Chi
cago, Milwaukee and st. Paul, and w.
j. Mapother president OF the Louisville
and Nashville. advanced the need Of fur
thcr wage reduction as the only pos
sibic source Of additional earnings nee
essary TO meet fixed charges. and held
tp Federal control OF wages and work
ing conditions, now in effect through the
Railroad Labor Board. as responsible
for unnecessary and unjustifablc cx-
pcnditure.
The board "by inficxible rules made
~ impossible TO adjust wage scales to
meet changed economic conditions. I"
MIR. Byram said.
The New York herald., 1922-01-14
DIVIDEND BY BURNS BROS.
First Quarterly Payment OF $3.50
on New Class A stock.

An initial quarterly dividend of $3.50
a share ON Burns Brothers new class A
stock was declared yesterday, payable
February 15 to stock of record Febru-
ary L. The stock is made interchange
able in the merger with William Farrell
&C Son Cor the old Burns Brothers COM
mon stock. No action was taken ~n the
dividend on the class b common stock
pending legal advice. At a meeting of
directors Monday a dividend of so cents
is expected TO be declared on this issue.
The initial quarterly dividend of SIZE
n shars on the prior preferred was de-
clared, payable February 1 to stock of
record January 22. Action on the pre-
fcrred stock representing the shares
exchanged for Farrell preferred will not
be due until March.
The New York herald., 1922-01-14
FINANCIAL NOTES.

J. Spencer Weed. vice-president OF the
Great Atlantic and Pacific Tea Company
has been elected director Of the Mercan-
tile Trust Company. Tho other members of
It's board were reelected.
Tho Equitable Trust Company Of New York
has been designated depositary under a
protective agreement for the Hudson Naviga-
tion Company's twenty year per cent sink
ing fund gold bonds.
Tho Chase National Bank has been ap-
pointed registrar of the preferred stock of
the Hardingc Company Inc.
Harry Lesser Of the Lesser. Goldman Cot
ton Company. st. Louis, has applied for
membership In the New York Cotton Ex-
change.
Louis seitz has sold his New York Coffee
and sugar Exchange c membership to Nortz
tho price In last previous sale OF member
ship In the exchange.
Reissrnann q Kay. 80 Broad street. mem
bers OF tho Consolidated stock Exchange.
have issued special analyzed report on
Atchison, Topeka and Santa Fc common.
Kuhn. Loeb & Co. have received 81, ,G25 900
IN gold on tho zeelend ana s2.1oo.oo0 on
tho MeEantic.
The net ca rnings of the Piggy wigEly
Stores, Inc, e December, after all cliarses
total % of spss ooc fo me s'V qinnl asrtnr ss of
1921. Its December sales totacd -. .Jns. .oi2
and its suleE In 1921 were $50 2oi $50. an
increase OF ss05.59S I'm contrast 20 those of
1870.
Miller Co., members ~ tho Now York
Stock Exchange. are offering block OF
s750.O00 of tho Fort Worth aud Denver City
Railway Colorado and Southern systenl
first mortgage 5is per cent. gold bonds, duo
IN 1861. at price to yield about 5.3J per
cent.
J. n. Rice. Jr., & Co.. SO wall street. have
isfued list OF investment securities. classi-
fled in groups and yielding 4.65 TO more than
$50 per cent.
The New York herald., 1922-01-14
THE NORTHERN PACIFIC TERMINAL
CO.. or OREGON.
First Mortgage Gss Gold Bonds, Duo

The Farmers Loan and Trust Company,
as Trustee under the Mortgage made by Tho
Northern Pacific Terminal Company OF
Oregon. dated January ]. 1888. solicits offers
Of bonds for the sale TO the Suking Fund
under said Mortgage of so many of said
Issue as $16 6,204.67 applicable TO the purpose
Will redeem, at not exceeding a premium
of 10T upon the principal. and that 1t viii
purchase said bonds TO the extent of s76-
204.67. being In its hands for that purpose,
At the lowest price prices, not exceeding
the rate above stated. Offers of bonds
must be presented before IL noon on Thurs
day. January 10. 1922, and should be directed
as follows: Proposals TO the Sinking Fund
Of The Northern Pacific Terminal Com
pany OF Oregon. The Farmers Loan and
Trust Company. Noss 1912 William Street.
New York City,
THE FARMERS LOAN AND TRUST
COMPANY, Trustee,
BY JAMES III. PERKINS. President
Dated. New York. December 81. 1921.
The New York herald., 1922-01-14
A Squeeze Possible.

Following the sale Of Dutch East
indies bonds and Goodyear debentures,
Wall Street noticed that many of each
issue had to be bought back by the syn
dcates in the open market and the CON
cltsion was Reached in some quarters
that the issues were a good short sale
Unknown to those who had gone short,
the weakly placed bonds were speedily
distributed by the dealers and the fact
has become clear that the floating
supply is scanty. that the market Is in
strong shape and that as booted about.
a squeeze in those issues is more than
a mere possibility
The New York herald., 1922-01-14
ELECTIONS AND MEETINGS.

Charles w. Lyford & Son, 912-
920 Broadway, New York. The an
nual meeting of the Stockholders
of this corporation for the election
of Directors and the transaction of
such other business as may properly
come before said meeting will be
held at the offices of the Company
Monday, January 10th, 1922, at
/ o'clock.
III. ii. STIEG, Secretary.
The New York herald., 1922-01-14
Average Bond Prices
Jannary -. 1899.
BOND NEWS AND NOTES.
To redeem Ccrtiicnte. Ahead.

Secretary Mellon announced yesterday
that he had authorized the reserve banks
on and after January 16 and until
further notice to redeem in cash before
February 16, at their holders option, at
par and accrued interest to the date Of
such optional redemption, Treasury GER
tificates of indebtedness of Series A,
1922, dated May 16. 1921. and due on
February 16.
The New York herald., 1922-01-14
STARTS VACATION SAVING PLAN

The Terminal Exchange Bank OF New
York has formed a kaInp Club for the
benent of persons who desire TO save
money for their summer vacations. Each
member will deposit weekly from 81 to
So5 over period OF twenty weeks be-
ginning to-day. On June 10 the bank
will return the money with per cent.
interest.
The New York herald., 1922-01-14
r,voa ALLIED PACKERS. PLAN.

The stockholders Of tho Allied Pack
ers. Inc. at a special meeting yestcr-
day in Wilmington, Del. approved the
amended readjustment plan. involving
tho issuance OF new classes OF stock
Almost 90 per cent of the outstanding
stock was voted. AS the plan will be-
come Immediately operative. the next
REORGANIZATION step will be the distribu-
tion Of the new securities.
The New York herald., 1922-01-14
virsinian Trust. Bought.

Cassatt 4 Co. have purchased from
the War Finance Corporation $543,500
Virginian Railway equipment trust 6
per cent. certificates, maturing 1928 to
1897 inclusive.
The New York herald., 1922-01-14

THE annual meeting OF the stockholder
be held NJ No. ~ Exchange Place, Jc
City. N. J.. on Monday. January 20.
ct II o'clock A. NJ. for the election
two directors OF Glass No. 2. and for
transaction OF such other business a.
properly como before the meeting.
" J. BURTON. Secreta'
The New York herald., 1922-01-14
DISSOLUTION NOTICE.

state OF New York. Office OF the Secretary
OF state. ss.
THIS CERTIFICATE issued IN duplicate.
hereby ccrtifies that tho HASKELL a
BARKER CAR COMPANY. 1NCORIsOR-
ATED. a domestic stock corporation. has
filed Ia this office on this 18Th day OF
January fp22 papers for the voluntary
Dissolution OF such corporal tion under Section
.gi OF the General Corporation Law. and
that u appears thcrcfrom that such cor
poration has complied with said Section IN
order 20 be dissolved,
WITNESS my hand md the seal Of office
of the Secretary Of state. at the
City of Albany. this thirteenth day
lSenfl OF January. one thousand nine hun
drcd and twcnty-two.
&. vs. TAFT.
second Deputy Secretary of State.
Al persons having claims against the
aboVc-nafrad corporation are directed 20
prrscnt the same forthwith at the office
of the corporation. Room 30oi. No. ~ Wall
street. New York City. ~. y.
The New York herald., 1922-01-14
INTERNATIONAL PAPER COMPANY.

Vow GOfk, Decenfbcr Iatn, WI.
The Board OF Directors have declared q
regular quarterly dividend Of one and one
half per cent Gise5) on the preferred capital
stock OF this company. payable January 18th.
1922, TO preferred stockholders OF record
at the close of business January 9th 1922.
OWEN SHEPHERD Treasurer.
The New York herald., 1922-01-14

Tho Equitable Trust Company Of New York
has been designated depositary under a
protective agreement for the Hudson Naviga-
tion Company's twenty year per cent sink
ing fund gold bonds
The New York herald., 1922-01-14
pry1pENns AND INTEREST.
READING COMPANY
GeucroI nffiec Readiny Tor,,snal

Philadelphia, January II. 1872
The Board of Directors has declared from
the net earnings quarterly dividend of two
per cent. (.ee) on tho Common Stock OF the
Company. to be paid on February 2, 1922. 10
the stockholders OF record al the close OF
business january i, To-. Checks win be
mailed to stockholders who have filed dvi-
dend orders with the Treasurer.
JAY V. HARE. Secretary.
The New York herald., 1922-01-14
Tur ,xS,r.r. MEETING OF TINE

stocl<holdcrs OF the Guaranteed Mortgags
Company of New York. 20 elect Directors
20 serve for The ensuing year. WIN be held
a. the office OF tho Company. No. 342 Maci-
son Avenuc New Yori, CITY, on Tuesdny
January 18th. 1872. az y. NJ
JAMES ~. TURK. Secretary.
The New York herald., 1922-01-14
UNITED STATES TREASURY STATEMENT.

Special to NEW
~cwy Herald Burrau
c..
The New York herald., 1922-01-14
ANNr,t. NrrrrNc

AHNIT Al. MEETING.
Tho annual meeting of the stoclShoidcrs
the Furnacevilio Iron Company. Tor the cl
tion OF directors aud for tho transaction
such other business as may properly &C
before the meeting. will he held ~ tho of
of tho Company. No - broadway. ~
City of New York. Borough OF Msnhatt
on the thirtieth day OF January. 1879. al
o'clock noon.
Dated. January ifth. 1872.
CHARLES A. PEABODY.
WILLIAM w. WEBB,
g. &. TEGETHOF1s.
w. s. JOHNSON,
pIRECToR.
The New York herald., 1922-01-14
CONSOLIDATED GAS COMPANY or
NEW YORK
H. H. STIEG, Secretary.

100 East 18th Street.
January 3. 1927.
The annual meeting OF the stockholders
this Compsny for the election OF Trust
TO serve during the ensuing year will
held at this office Monday. January ;
1922. Polls VIII be open from ~ NJ.
] r. NJ. Transfer books viii close Saturds
January IA. 1922. at Il NJ. and reop p
Tuesday. January "a. 1922.
II. N. BRUNDAGE. Secretary
The New York herald., 1922-01-14
FOREIGN INTERNAL BONDS.
GERMAN HANK STATEMENT.

BERLIN. Jan. 13.--The Imperial Bans
OF Gcrmany's statement as OF January /.
shows the following changes;
The New York herald., 1922-01-14
I'D AND ASKED QUOTATION.

n. Y. STOCK EXCHANGE QUOTA1ioNs.
To the following prices accrued interest Is
to be added:
FOREIGN GOVERNMENT AND MUNIci-
nONrnE
The New York herald., 1922-01-14

J. Spencer Weed, vice-president OF the
Great Atlantic and Pacific Tea Company.
has been elected director OF tho Mercaf-
tile Trust Company. Tho other members of
It's board were reelected.
The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1922-11-02
PARAD|SE NEWS
CORRESPONDENCE
ESPECIAL CoesEspoNprNcEl

PARADISE VALLEY, Oct. &c.
Hurrahl for the Republican rally at
the Auditorium Saturday night. A
large crowd was present and the
speaking was enjoyed. The speakers
E. w. Griffith for lieutenant-gover-
nor, Harry II. Atkinson for attorney
general, w. B. Alexander for secre-
tary of state, F. II. Blackwell for
state controller. An enjoyable
dance was held after the speaking,
and every one went home at 3 a. m.
well satisfied with the pleasure of
the evening.
Mrs. John S. Dooley and little
niece, Rose, spent the weekend
visiting Mrs. F. B. Stewart at the
William Stock Farming ranch.
Alex Vestal and John Dooley
have returned from their work over
the summit. They report roads as
getting in very bad condition
due to so many heavily loaded
trucks travelling over them.
A certain well known and popular
young man of our town, says "He
cant stick 'em like he uster," and
well concluded ere he landed and
as he saw the crows bringing nest
material, he would certainly much
rather have an airplane.
Chester Freemonth and Roy
Bradshaw have finished their first
hulling job at the Nehls ranch and
are now hulling at the Schwartz
Bros. ranch and have about five
days run.
This sudden cold snap makes a
fire, indeed, feel quite comfortable.
Ice. the thickness of half an inch,
was noticeable Sunday morning.
Garden and fruit pickers are rush
ing their produce to safety.
Don l.. Cooper of the Winnie
mueea Meat Market was attending
to business affairs here Sunday.
Jesse Kirk and Jack Otis were in
from Bull Head ranch Saturday
evening.
Bewarel of the witches and COB
linsl
PARADISE VALLEY, Oct. 81
Mr.. and Mrs. Chas. Lye went to
Winnemucca Sunday to meet the
latter's mother, Mrs. T. J. Brad
shaw from Reno, and an aunt, Mrs.
Dan Bradshaw from Bishop, Cali
fornia. They returned Tuesday.
Irwin Case, manager of the J.
b. Case company store, returned
Monday from business and recrea-
The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1922-11-02

Joe Saval, sheepman of Lander
county, is attending to business
matters here today.
Joe Olachea, sheepman of White
Pine county is attending to banking
matters here today.
A large drove of cattle was
driven in from the Miller & Lux
ranch today and shipped out over
the Southern Pacific.
G. X. Norris, rancher living in
the Orovada district, was on the
streets here yesterday.
Jerry Coughlin came in from
Midas, Sunday, and is milling
around with old-time friends, Incl
dentally attending to business mat
tiers.
Mr.. and Mrs. j. Sweeney have re-
turned from a motor trip to BOISE,
Idaho, being accompanied on the re-
turn trip by Mrs. NJ. Pendleton, who
will reside here, being related to
the Sweeney family.
Mrs. E. Gardner and daughter
Fern, former residents of Corvallis,
Oregon, have arrived in Winnie
mucca to make their future home.
Mrs. Gardner is a sister of Mrs.
Frank Pultz of this city.
4. c. Lye and wife, ranch people
living in Paradise Valley, were in
town yesterday.
d. X. Walker of Orovada was in
town yesterday and filed on a piece
of land under the provisions of the
homestead law.
The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1922-11-02
LOCAL SCHOOL BOY WINS
HONORS IN CONTEST

Word was received here today by
Professor j. d. Scott that the state
superintendent of schools, W.. j.
Hunting, has just announced that
the winners in the American Legion
essay contest in this state are Billy
Black of the Winnemucca schools,
Howard Sheerin of Tonopah, Lois
Carman of Goldfield and Eileen
Hobbs of Reno; and that the essays
submitted by the three first named
pupils have been forwarded to
Washington, D. C. to the national
committee having charge of the
nationwide contest.
The subject of the essay was,
"How the American Legion Can
Best Serve the Nation;" and for IL
year-old Billy Black to write, upon
a subject of that nature, an essay
that entities him to rank as one of
the three best high school essayists
in the entire state, is a tribute to
his intelligence that reflects upon
the school, in no uncertain man
ner, the highest sort of praise, and
cannot help but make the parents
of Billy, Mr.. and Mrs. w. C. Black,
feel exceedingly proud.
The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1922-11-02
PERSONAL NOTES
AND LOCAL ITEMS

Mrs. Herman Marker left here. to-
day for Lovelock for a visit with
her mother, Mrs. Stephen Young.
Mrs. Beth Nelson arrived home
yesterday morning from a visit of
several weeks with relatives and
friends in Louisiana.
Miss Hattie Martin brought to a
close a very pleasant months visit
at the home of her brother, E. Mar
tin, and left for her home in Napier,
Mo-, the first of the week.
G. X. Norris, who had been here
for a couple of days attending to
business affairs, left for his home in
the Orovada district yesterday.
Mrs. John Low came in from Los
Angeles Tuesday night and, accom-
panied her brother-in-law, Henry
Low, who was here to meet her, to
McDermit, where she will visit for
some little time with relatives re-
siding in that vicinity.
c. w. Creel, state director of ag-
ricultural extension work, was here
yesterday for the purpose of going
over some matters with the county
farm agent, J. w. Wilson.
Mrs. +. c. Stitser, mother of
R. c. Stitser, arrived here Tuesday
for visit with her son. Mrs. Slit
ser's home is at Lakeport, Calf.
Judge j. A. Callahan is spending
two or three days in Lovelock,
where he convened the Pershing
county district court for a two-days'
session, yesterday.
Mrs. P. ]. Brophy is enjoying a
visit being made her by her brother,
T. r. Adair, who arrived here Tues
day from Ely.
Mrs. c. F. Keil returned to her
home at Pronto yesterday after hav-
ing spent a day here as the guest
of her friend, Nh T. f. Powell.
C. w. Campbell, Mill City min
ing man, was transacting business
bora yacfar1au
The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1922-11-02
MESDAMES WARREN AND PIKE
SPLENDIDLY ENTERTAIN

Mosdames Harry Warren and w.
j. Pike, were the hostesses, Satur-
day afternoon, at the home of Mrs.
Warren, at a bridge party and
luncheon that was attended by an
unusually large circle of ladies, all
of whom are unanimously agreed
that the event was one of the most
pleasing that they have had the
privilege of attending, the hostesses
sparing no pains to make of the
occasion memorable one, and they
were most efficiently aided by the
Misses Bonnie Cosby and Mary Dern.
In the contests for prize-honors
in the games Mesdames V. Button,
Oastler and Bosch were the for
tunate winners.