davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1922-06-25
COURT ORDER H|TS
z PAC|F|CS HARD
UnscrambIing Of Central and
Southern Causes Change
In Routing.
BY ELLIS MARTIN,
international News Service.

SAN FRANCISCO, June 24.-If
the order of the United States Su.
preme Court recently entered or.
dering dissolution of the Central Pa.
cific and Southern Pacific railroads
Is carried out 1t will mean the great.
st unscrambling process ever car.
ried out In railroad history.
In the more than half century thar
the common control of the two roads
has existed they have become so in.
extricaoiy fntertwined that their
physical dissolution will strike n
heavy blow to shippers In the far
When the Southern Pacific secured
control OF the Central Pacific the two
hnes We're pioneering practically in
territory which has grown in that
period to one Of the largest shipping
districts In the United States. The
lines linked together under common
management form a network from
Oregon to Mexico. =:
Not only will local traffic and
freight routings be demoraIized, but
through train routings will be se.
riously interfered with. On account
OF the highly perishabls nature of
much OF the freight handled the es.
tabiishment Of numerous functions Is
causing fruit and commission men Sc.
rious concern.
So seriously Is the decree of tn.
highest court Of the. land regarded
among business men that the San
Francisco Chamber Of Commerce has
appointed a Statewide committee of
leading business men to safeguard
the interests Of the public and to seeI,
means Of reconciling the urgent
traffic demands Of the State with the
drastic provisions of the court order.
Some Of the results of the separa.
ton OF the two lines will be:
Three changes from San Francisco
to Portland.
Addition Of fifty miles to the rou,.
Ing OF transcontinental trains.
Creation Of at least one big junc.
ton on the valley lines to Los An.
geles-probably at Goshen.
Seventeen junction points will have
to be established in California and
Oregon. at which both passengers
and freight will have to transfer.
Many points now on main lines will
have but branch line service.
Hundreds Of points now having
Southern Pacific services will be cut
Off entirely from that road and vice
versa.
Shops employing hundreds of men
will be cut off from the roads they
were established to serve.
Scores Of important shipping points
will no longer have through service
of any sort
The Washington times., 1922-06-25
Germans Flooding
Egypt With Goods
ny International News Service.

CAMBRIDGE, Ohio, June 24.-The
crime wave has not hit Egypt to tke
extent that 1t has swept over Amer.
lea. according to President Charles
P. Russell, OF Assault College, Assault,
Egypt, who visited this municipality
recently.
While many travellers are held up
between villages, II is rarely that any.
one Is ordered to put up his hands
and forced to pass over his valuables
In the Egyptian cities. declared Rus.
sell.
In fact. he said, It ID an every -dav
occurrence In Egypt to see persons
carrying hundreds Of dollars In cur.
rency In their hands about the
streets. On a tramcar. he stated, Re
saw a man ask another to count
money for him.
The German postwar business
drive IL invading Assault, Russell
stated. Previously that city never
was considered able to afford a piano
store. Today q German firm Ia sell
ing pianos there. In Cairo q barker.
or street fa<er, can get q crowd In.
stantly by crying out: See some.
thing new that's just from Germany" :"
Prices are much lower on German
goods than on those from England.
This, said Russell, is helping make
them more popular among Moham.
medan races.
The Washington times., 1922-06-25
Weekly Financial Reuie.D
BY HENRY CLEWs,
of Henry Clews & Co., New York Bankers.

vance Of from or to 10 per cent in
various lines AZ compared with the
situation a year ago. Very decided
advance as compared with the past
month Ia also indicated In many spe-
cial lines of business. Prices also
are now definitely on the upgrade, as
In demonstrated by practically all the
price index figures available. An ad.
vance Of tyo to three points per
month In now indicated.
Reduction Of Discount Rates.
Patterning after the action of the
Bank of England, the Federal Re,
serve Bank OF New York has an.
nounced a cut in its rate from AZ
per cent to per cent (the English
rate. however, having bSen reduced
to 3h per cent, sfmilar cut has
been voted In Boston, and the present
expectation IL that q uniform level
Of 4 per cent will shortly be estab-
lished throughout the system. Mean.
while. money continues to be offered
In abundance. and this state Of things
makes II easy for traders to caI ry'
their speciaities. The cost OF money
for business purposes has fallen less
decidedly than have investment
funds. but has come down materially
mono the less. Bankers describe
money as being the traditional drug
In the market" although themselves
holding up rates as firmly as they
are able. The weeks statement fer
the Federal Reserve system shows
no increase In demand for loans, the
reserve ratio rising to 1911 per cent,
a gain Of 1T per cent.
Market Review and Outlook.
That last weeks DEVELOPMENTS
gave the market a much healthier
Footing was made evident during
the current week by reduced offer.
ings. Were II not for the various
uncertainties In a number of
branches, such. for instance, as the
threatened railroad strike, there
would have been more encourage
ment to buy stocks. Favorable in.
dustrial developments have, how.
ever, made the situation in other
respects promising. and the market,
while characterized by some irregu.
larity, has shown distinct ability to
take care Of itself.
Squeezing" Of the shorts is Just
tions as though there were q legiti-
mate demand for long account, but
with this difference: that when the
covering movement is over the de.
mand for stocks again subsidies.
The only dark spot In the situation
apparently Is the attitude Of labor,
which, Il must be confessed, is
rather threatening at the present
time. Still. II the views OF the
chairman Of the labor board and
the heads Of the railroads are &C.
cepted there is no likelihood Of a
tie.up taking place. Be this as II
may, so long as the subject is
given so much publicity II must
necessarily have the effect Of hold.
ing back many people who would
otherwise become buyers. On the
other hand, It is not likely to
cause any fresh liquidation Of con.
sequence, as quotations for the
general run Of stocks are not un-
duly high when one takes into con.
sideration the prevailing ease In
money and the revival Of trade
activity.
The Washington times., 1922-06-25
New bond offerings during tn

New bond offerings during the
past week were slightly under $780,.
O0O, 900. In the State and municipal
group the aggregate was $26.500, 900;
railroad, $42,00o,000 including the
New York Central $27,645, 900 equip
ment notes; public utility, $1,000. 900;
foreign. $685.. 900; Industrial, $10..
O00, 900. There was considerable &C.
tivity in the listed bond market
where prices were favorably affected
BY the many evidences Of lower
money rates.
The Washington times., 1922-06-25
Rise of Mexican Pete
Suggestive of Corner
General Trading on New York Stock Ex-
change Is Decidedly Smaller in Volume
By w. 8. COUSINS.

.
NEW YORK, June 24.LTrading on the New York stock
exchange during the past week distinctly in smaller
volume than for the two three weeks preceding and
for the spectacular movements of few of the spec
uatiye leaders, the range of price changes extremely
narrow with the preponderance in the upward direction
The operations of Mexican Petroleum, which cvoered
wide expanse from lag Monday to 1S6 on Thursday,
overshadoed the developments in the speculative market
and was strongly suggestive of that the gov
ernors of the stock exchange instituted special invest
The Washington times., 1922-06-25
Trade Tidings Better,
Asserts Bradstreets
June Reports About the Most Satisfactory of
Past Two Years, Especially Those
':...., From West. S.
BY Cosmopoiitsn News Service.

NEW YORK, June 24.-Bradstreet's weekly business
survey today says: y. -
Improvement slow an dcareful in relatively
fast in Others still the word most commonly used in de-
sbng the progress of strbutive trade industry and
OF crops There is doing in June, however than there
was in May in which month things gained over April and
taxable Indeed except for short periods in the
Of last year and of 1920 reports to trade industry and
collections about the best in two years. The weeks
prce movement has been upward and the Food Index
advanced. Failures slightly numerous.
The Washington times., 1922-06-25

1t II doubtful IL this investiga-
tion will disclose anything more
than the squeezing Of q few over.
confident shorts who since the turn
OF the year have been discovering
salt water at long range in the
Mexican oil fields. and have been
chagrined to find how completely
their calculations have been upset.
A number, of the standard railroad
and motor stocks, like New York
Central. Studebaker and Chandler,
have not only recovered the severe
losses incurred In the bear move
ment OF last week and the week
before, but have pushed forward
to the best level Of prices for the
year, II not in two or three years.
On the whole, therefore, the week
has been a constructive one In the
stock market and the current price
level Is in better position to with
stand attack than that of a month
or SO ago. Current opinion In the
street Is overwhelmingly on the
constructive side, a position that
has been greatly strengthened by
the economic developments Of the
week.
:. The Money Market.
The position of the money mar.
ket continues to attract consider
able attention. The Federal Re.
serve Bank of New York has final.
ly marked down its rediscount rate
from ~ to 4 per cent; one other
understood that three or four OF
the other reserve banks will an.
nounce reductions at their next
meeting. e.
The current statement of the Fed.
sral reserve system as a whole shows
the continued reserve ratio to be
7s.1 per cent, the highest since Sept.
ember 21, 1917. and indicating a
continuous decline in the employ.
ment OF the rediscount facilities Of
the reserve system by the member
banks.
'cae call loan market 10, at best.
q poor and unreliable index Of money
conditions. rates having jumped
around in mercurial fashion from
rs to s per cent on a single day.
The explanation for this condition
IL that a great deal OF these call
loan funds come from out-of.town
or country" banks. which are not
satisfied with per cent on their
money, and Immediately withdraw
figure. After the withdrawal. call
money becomes scarce and rates go
up. causing another influx from the
country. The process is somewhat
like the complicated operations OF a
dog chasing it's own tail. .s.
Liberty Bonds Rise. 49,.
without doubt the most important
development in the bond market has
been the steady absorption Of the
Liberty loan bonds. at prices which
for most OF the issues are at the
highest level since these bonds were
admitted to public trading. Institu-
tional buying of these issues has
been accelerated by the gradual re.
duction in the loaning rates for
money, to say nothing Of the glut
of loanable funds at the financial
centers. II, as freely predicted, the
rate for highest grade investment
funds should recede to per cent. a
corresponding rise in Liberty bond
prices may be looked for. In the
following table 10 presented com.
harrison of current war bond prices
with the low rates prevailing In the
sarly part Of 1920.
The Washington times., 1922-06-25
3 Banks Admitted to
Federal Reserve Chain

Comptroller Of the Currency Girls.
singer yesterday admitted the follow.
ing banks to the Federal Reserve
System:
Commercial State Savings Bank, Of
Detroit, Mich; Louisville Trust Com.
pany, Of Louisville. KY. and Jeffcr-
son Bank, Of st. Louis.
The Washington times., 1922-06-25
Labor Unrest.

Perhaps the most important fea.
ture Of the industrial situation as
the week ends. 10 the unrest and cls.
satisfaction In various groups OF an
important element In our popula-
tion, namely. the workmen In the
coal, railroad, and textile trades.
This IN particularly unfortunate
since the present time calls FOR co.
operation instead Of strife belwccn
the capitalist and the productive de-
partments Of the country. Unlike
The Washington times., 1922-06-25
DIVIDENDS YESTERDAY.

Corn Products, extra; 80 cents:
July 20: July 3.
Corn Products common. quarterly,
81; July 20; July 3.
American Telegraph and Cable,
quarterly. ~ per cent; September 1;
August 81.
Public Service Of North Illinois
common quarterly. s1.76; August 1;
July Is.
Public Service Of North Illinois
preferred. quarterly, $3.50; August
1; July Is.
The Washington times., 1922-06-25

a machine. working man 10 so con.
stituted that he can not produce at
his best unless he Is satisfied with
the conditions under. which he 10
working. In times of great agitation
II Is not always possible TO insure Z
calm and deliberate consideration Of
the matters In dispute by those who
are most affected. and 1t Is sincerely
to be hoped that an embarrassing
industrial situation will not be fur
ther complicated by the recurrence
Of disorders such as were seen at
Herrin, ILL.,. during the past week.
The Washington times., 1922-06-25

You, win miss . great deal on your
vacation X you do not have The
Daily and Sunday Times cent 10
your mountain or seashore resort
regularly. Subscribe today; ss%~euts
. month d. $50 for three months.
The Washington times., 1922-06-25

Hou win enjoy your vacation IN
the moro n you get The Washington
Times regularly at your mountain
or seashore resort Ordcr % today
The Washington times., 1922-06-25
BUSINESS BRIEFS

Copyright. 1872, by Cosmopolitan News
Service.)
NEW YORK. June %. The man.
agement Of the American Smelling
and Refining Company holds prox-
les representing between 700, 900 and
100000 shares.
Mexican Eagle OIL Company's
trading profit for six months ended
December 81. last, was $25.713,g5S.
Official statements from London
report sS1. 500 pounds in gold were
exported to America in week ended
June 81.
Indian Refining Company has ad.
vanced gasoline I cent a gallon in
Chicago. making tank wagon price
23 cents and filling station price
rs cents q gallon.
The Washington times., 1922-06-25

In Russia the rising tide Of democ.
racy burst into q tidal wave and
swept to destruction everything In
its path. The schemers who rode on
top OF this wave made no effort
whatsoever to preserve property
rights or any private ownership what.
soever. With what results all the
world knows.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1922-10-05
District Court Ruling
Hats Highway Operation
Appeal Follows Decision of Judge
Ca!laghan Substituting Opinion
for that of Commissioner

Right-of-way proceedings involving
condemnations in advance of state
highway commissioner, this week
pending a supreme court decision on
a question of vital Importance to Min ;.
nesota's good roads program:
The lower court ruling, upheld the
contention of three property owners
Directing to state route in a new
location for trunk highway No. i
near Byron, between Rochester and
Kasson. The highway department
planned to build on the best engineer
ing lines a cutoff to eliminate two
dangerous grade crossings, an unnec-
essary turn and extra distance and
also to continue serving the town OF
Byron which unanimously endorsed
the plan. The ruling adverse to the
state threatened so much delay ano
confusion to the road program that
:ttorney General C. l.. Hilton at once
appealed to the supreme court. The
case is already attracting wide at
tention throughout the state.
In an editorial on the Importance
of giving the highway. department
reasonable powers, The Minneapolis
Journal continued:
at is to be hoped that the Supreme
Court will see it's way clear to taking
the hobbies off the Highway Depart
ment, and giving it the chance to go
ahead speedily with it's great work
for the benefit of the whole public
If this proves legally impossible, re-
course to the Legislature must be had
Condemnation proceedings ought tie
be made quick and effective, so long
as fair prices are paid for land taken
for public purposes. The State High
way Commissioner ought to have al
least as much power over State road
as township board has over town
roads - -. 3 'is'-
Highway officials said that there
is a wide difference in the attitudes
of owners Of property affected by
road plans, a few demanding fancy
prices but the majority seeing the
benefits of state road and asking
only reasonable allowances, and some
donating right-of-way to speed better
ments. l..
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1922-10-05
q y Il Hp uqpnq rqupu u q
!: THE CHURCHES

Zion Lutheran Church
y A. Stein, Pastor
English services at 10 a. m. Sun
day School and Bible Class at 1880.
You are welcome.
: Congregational Church
Cecil S. Sparkes. Pastor
On Sunday next we return thanks
for the blessings of the Harvest. The
services will be as follows:
Sunday School at 9:3O. A record
attendance expected after Rally Day.
Morning service at 1916. Harvest
spirit and message.
Evening service at 7:3O. The pas
tor will speak on 'The Harvest of a
Jazz Age"
Will those who have grain and
fruit and vegetables and flowers to
loan for the Harvest decorations
please bring same to the church on
Saturday morning.
The Womens' Missionary Society
report a splendid gathering last Fri
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1922-10-05

ia in the last couple of years and an
important endorsement of the COM
paratively new highway program. The
state is to be congratulated on this
phase or rural advancement.
Reports from all sections indicating
excellent road conditions, Mr.. Skin
ner urged individuals to form special
parties wherever big caravans are not
already arranged. Don't wait for
your neighbors to make the start,
he said. "Step on the starter and
bring them along" =
Approaching the Importance of adj
equate highways to farm develop
nent, Manager Skinner assigned the
Minnesota Highway Department. lib
eral space without charge to show
road plans and progress at the Eek
position building. -
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1922-10-05

Moorhead-If low potato prices con-
tinue it seems probable, large part
of Clay county crop will be left in the
ground, o. M. Olson, county agent,
said. A carload of the best grade-U.
S. No. 1-sacked and graded, brought
37k cents.
20 Rush City-Implement dealers north
of the Twin Cities to the Canadian
line and east of st. Cloud were repre-
scented at the district convention of
the dealers which was held here as
the first of a series of annual meet
ings. - -..-
Red Lake FaiIs-Tne farmers pro-
duce exchange has opened warehouse
here and will handle potatoes raised
in this community. It has the neces-
sary machinery for grading at small
cost. It will buy potatoes at market,
will find an outside buyer.
Minneapolis-Coal dealers through
out Minnesota are to receive within
the next 10 days blanks which will be
used for the requisitioning of supplies
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1922-10-05
Good Highways Will Aid
Success Of Dairy Show
Thousands Will Use Improved Roads
to Reach Big Twin Cities Expo
49, sition, Manager Predicts

Minnesota's good roads will prove
a big contributing. factor to the sue
ceeds of the National Dairy exposi-
ton Oct. 7 to IA at the state fair
grounds.
w. E. Skinner, general manager of
the big show, made the prediction af-
ter travelling hundreds Of miles this
summer on the trunk highway-so-
called Babcock roads-to extend his
organizations plans to every locality.
"Many cities and towns sent good
delegations to the 1921 exposition"
said Mr. Skinner. sHThis year nearly
every community will sents it's repre-
sentation in a score or more automo-
biles-some cities to start as many
as 1000 cars off for the national
show. 1t is a genuine testimonial to
the highway development in Mipneso-
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1922-10-05

Mrs. C. S. Sparkes, Miss Jameson,
Miss Hattie Erwin, Mr.. and Mrs.
Anderson, Mr.. and Mrs. Geo. Berg
green, Mr.eW.: A. Moore, Mr.. ana
Mrs. J. w. Ward. Light refresh
ments were served.
J. MRS. ROSS SHAW ENTERTAIN
ed the Degree of Honor and their
husands last Thursday evening at her
home. After very pleasant social
hour refreshments were served.
FRIDAY EVENING OF. LAST
week Mrs. Frank Pangburn enter
tanned the Methodist choir at a Vein
err Roast on the shores of Sank Lake.
MRS. J. INGRAM VERY DE-
lightfully entertained the following
guests at a six o'clock dinner and
cards Thursday of last week: Mr.. and
Mrs. C. D. Marshall, Mr.. and Mrs.
H. A. Falk, Misses Willoughby, Hunt
and Mrs. Enid Richards, and H. w.
Morgan and c. l. Anderson.
- :, ssr-7=--: 81 ~
MRS. OLE OLSON WAS PLEAS
antly surprised Monday evening when
twenty-six of her friends and neigh
bors dropped in on her at her home.
The evening was spent socially after
which refreshments We're served.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1922-10-05

members of the church will make the
most OF these few autumn weeks that
yet remain-while weather is mild and
roads are good. Improve them by
coming to church. Bring your friends
and glad hearts with you.
On Thursday evening Oct. 18th we
are planning for a great church
night at which time there will be Civ
en- fine home talent play-after
which supper will be served and a
good social time enjoyed. The whole
church with all it's friends will
be welcome. No fee or collections
for the entertainment.
We hope to make much of the
Wednesday night hour. The prayer
hour and Bible Study hour of the
church-plan to make much of this
hour. We will get good out of your
profit in coming.
st. Paul's Catholic Church
Rev. Anthony ART, Pastor
Sunday-Low Mass at 500 a. M;
High Mass at 1000 a. M. Vespers at
1880 p. m. ri
"- Il
Our Lady of the Angels Churck
Rev. John A. -Fearon, Pastor
Sunday-Early Mass at $500 q. M;
High Mass, sermon and 2Benediction
of Blessed Sacrament at 1000 a. m.
~ -
Episcopal Church
Reginald A. Crickmer, Rector
Time of service b
First Sunday in the month. Holy
Communion at 1880 a. m.
Second Sunday in the moth, eve
ming, 8 o'clock.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1922-10-05

day with Thank offering from the
women of $50.
The Sunday School Rally last Sun
day was well attended. Eleven chill
dren were dedicated in baptism and
eleven graduates were received into
tn Junior Department. The offering
amounted to $1,000.
Don't forget the Harvest Thanks
giving supper on Thursday instead of
Wednesday next week. A musicai
program after the supper. Plan to
spend the evening with the rest of
the church family. a
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1922-10-05
M. E. Church
Rev. S. S. Wyand, Pastor

Next Sunday morning October 9Th
at 1890 the pastor will bring mes
sage to the church and it's friends on
the subject "The Impressions and Elk
pressions of Conference" This mes
sage will have value and interest for
all-for old and young alike.
In the evening at 1880 the pastor
will talk upon the subject: "The Range
Country"-what you may see on
trip through this part of the state.
Come and take trip with us through
this northland, you will enjoy it.
The pastor is back from conference
and is ready for another year which
should be the best in history of the
local church. He is ready to serve all
who may have need of the ministry
of this church.
| It is to be hoped our friends and
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1922-10-05

of coal from the docks at Duluth and
Superior.
Observation-Disclosures in apropria-
lions for three institutions were asked
of the Hennepin county tax commits
sion. The Minneapolis Home School
for Girls asks an appropriation of $751;
600 as compared with $14.270 in 1922.