davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-10-06
Stock Prices
Irregular in
Active Market
~ -.
General Trend, However,
Is Upward; Heavy Specu.
lation i'm Standard Oil
Issues Again a Feature

Interest in the financial markets
yesterday was confined mainly to the
! movement OF security quotations, al.
| though strength in the foreign ex.
changes continued on a scale which
carried sterling up to the highest Level
on the recovery for the week Gable
| rates on London closed at 42 Ia, net
gain Of halS cent, but at one time
during the day were quoted as high
as AZ ,7-s.
| The volume Of trading on the Stock
Exchange was the highest thus ia,
this week, reaching total OF 10000
| shares, or 10000 shares in excess Of
| Wednesdays turnover. Although the
average Of fifty selected stocks in
dicated continuation Of the advanc,
there was enough irregularity in tht
final sales to suggest that the rise
since Monday had induced substantial
profit taking and short selling on the
part of the more venturesome.
More uniform strength was shown
in the bond list, where dealings were
spread out over a large variety Of
issues, although the net gains were
not as spectacular as in stocks. Unite
Kingdom 4 1-2s were among the strong
features, while the French Z 1-2s solo
up 2 points above the extreme low Of
last week, when the foreign news ex.
erted an unfavorable influence on all
foreign Government issues.
The movement Of prices on the Stock
Exchange was again featured by heavy
speculation in the Standard OIL issues
Whereas the advance in Standard Oil
OF California seemed to have run 1t:
course, following announcement Of the
proposed declaration Of 100 per cent
stock dividend, Standard Of New Jersey
ross to the new high record Of 222 and
closed the ray with a net gain OF
is 3-4 points. The Street Is confiden,
in the belief that this company, along
with other members Of the Standard
Oil group, is planning special dis
tribution to shareholders, although nc
intimation has been given as to the
form 1t will take.
A jump Of IL 1-2 points in Pierce
Oil preferred caused discontinue
to bulky short interest and was be-
lieved to be connected with the an
nouncement that two important banking
interests have issued call for proxies
for the purpose Of electing directors.
Cotton moved up 81 to 45 points on
reports Of small spot offerings, higher
Liverpool cables and bullish advices
from the South. Prices also displayed
firmness in the grain market, higher
Liverpool cables being factor. The
| close was ID to 1-S cents higher.
New-York tribune., 1922-10-06
What's Behind
ActiUe Stocks?
1I6-Carro de Pasco Conrer

o"'1o 'oe rasco Copper
The Cerro de Pasco Copper. Cor
poration in It's present form dotar
PACK only to 1915, but the COMPANIES
wnose stock it owns have long been
established in the Peruvian Conner
nelds. 1t is essentially a. hold;ne
corporation, owning and operat;ne
through subsidiaries a larpa acra
age OF some of the most productive
copper land in Peru. Pronert;ss
piant and equipment are carried IN
.ne oaiance sheet at s33 1855 900. Az
OF december 81, 1921, current ass
se.s exceeded current liabilities hv
Sdi,o1o,000, the assets inclnd;n1
sS5,eos'ooO cash and s500,ooO United
osates government obligations. The
company is capitalized for .oao 0oo
sna snares of stock Of no par vaiue
ose'2S9 shares of which are ont,
standing. The funded debt consists
entirely of s7,997, 900 s per cent
oonds, convertible into stock at The
rate OF thirty shares for 81 1000 face
value OF bonds. At the end of 1921
the net tangible assets, including
the equity of stockholders in owned
properties, amounted to $50, ,72s. .Oflf).
or $43.Il share on the stock. In
each year Of the period 19l7-,2I
dividends paid were In excess of nc
tual earnings, and as result there
was q profit and loss surplus of only
$4O,SS6' at the beginning. Of 1929.
An aggregate Of $23.25 a share was
paid in dividends from 1915 to 1921.
the last payment coming on March
!, 1921. Recently there has been
q substantial increase in. the pro-
duction Of copper. In the irst
seven months of 1922 the company
produced S7,362,o0 pounds, an in
crease OF. 6,866, 1000 pounds compared
With the same period Of 1929 and
the largest since 1918. Range of
seock snoc since l9i7: High, 67h, in
lSlS; low, 2S, In 1921; yesterdays
New-York tribune., 1922-10-06
Traders Fight Market

This weeks rise in stocks has not
proved at all profitable to the majority
of traders, according to observers on
the floor, who state that professionals
have been fighting the advance. In
stead Of playing along with the upward
trend, it is said that many operators
have persistently sold the market
short in the face Of the favorable trend
Of events in the Near East and bullish
sentiment created by the proposed
declaration OF 100 per cent stock
dividend by Standard OH Of California
ana the belief that others members of
the Standard Oil group will soon an
nounce special distributions to stock
holders.
New-York tribune., 1922-10-06
Money and Credit

Call money renewed yesterday at 4
per cent, but advanced later in the day
to ~ per cent. Time money was fair
~ active, with three to six months
loans being arranged for on a basis
New-York tribune., 1922-10-06

Bank Clearings-Bank clearines at
New York yesterday were: Exchanges
s70S,ooo,ooo balances, $4,000, 900. ~
Silver - London, IS lad; New York
domestic bar, 90 Lac; foreign, SO 3-sc;
Mexican dollars, 5sc.
New-York tribune., 1922-10-06
Regular U. S. Rubber Dividend

announcement was made we'll after
the close of the stock market Yesterday
that directors of the United States
Rubber Company had declared the
regular quarterly dividend of So a
snare on the first preferred stock. A
iew weeks ago rumors were current
thae unfavorable action would be TAX
en- en- ana traders attempted to depress
lied. however. as the report that ~
dividend would be passed was not oen- s
orally credited. s.
New-York tribune., 1922-10-06
In Wall Street
plerca On shorts snueezed

The short interest in Pierce Oil pre-
ferred> got a bad licking yesterday
when the stock ran up to high Of
81, compared with Wednesdays last
sale of Al. The stock has been target
for the bears for several weeks past
and only early this week had sinking
spell to 80. The reason for yesterday IS
spectacular advance was found in the
announcement that new interests have
been added to the board and that
Henry l.. Doherty & Co. have agreed
to undertake the procurementsof suffi-
cient banking credit for tho corpora
tion to enable it to function without
embarrassment" The same interests
have agreed to provide crude oil
supplies and other products required
in the operation of the company's bust
ness. Other interests, however, prom
Use to contest the election of the new
board
New-York tribune., 1922-10-06
Atlantic Refining and Mexico.

The Atlantic Refining Company, one
of the important members of the
Standard Oil group, was reported yes
terday to be abandoning operations
in the southern light oil fields of Mex
leo. This action is believed to be due
to the serious falling off of produc-
tion and the failure of new drilling
operations to meet expectations. The
Standard Oil Company of New Jersey
recently withdrew from the same fields
for similar. reasons. Both companies
are understood to have lost heavily
there and their action comedies with
the recently announced belief of the
New Jersey company that investment
of additional capital in Mexico at this
time is not advisable. In recent
Issue of THE Lamp" official Standard
OF New Jersey organ, the opinion was
expressed that not half of the $780,
100000 invested in Mexico will ever
be returned to the operators.
New-York tribune., 1922-10-06
"WeIl informed on Standard Oils

There was time when the rank and
file In Wall Street was willing to ad-
NIT that it knew absolutely nothing
about the plans of Standard Oil inter
ests. General recognition was given to
the fact that there was no such thing
as "well informed quarter" except
in the inner circles, and in these ex-
cessive conversations were at a pre-
MUM. Only the other day some out
siders claimed to have broken into this
inner circle Of exclusiveness. They
thought clear case had been made for
q big stock dividend for STANDARD Oil
Of New York. The information was
accurate" down to such details as the
time for mailing this dividend notice
Every one who follows the market
knows how this development failed to
materialize and how the stock fell off
sharply the next morning. Undoubted-
ly some of the same outsiders have
gone ahead boring in for more infor-
nation, and they now believe they know
what is going to happen to Standard
Oil of Indiana. After the New York
incident California Standard Oil de-
clared it's 100 per cent dividend, but
the outsiders did not know about that
development. The wise heads in broker
age houses admit now that the walls
built up around Standard Oil directors
rooms are just as high and impreg-
nable as they ever were.
New-York tribune., 1922-10-06
The Dollar in Foreign Exchange

Strength In foreign exchanges con-
tinued Yesterday as a result 0f in
creased demand in this market and ab-
sence OF offerings abroad. Cable rates
on London worked up half cent to
s4.4SA' but at one time during the day
the rates were quoted at $4.42%. Marks
lost fraction, but lire worked higher.
New-York tribune., 1922-10-06
s. 5. Kresge to Redeem Notes.

Inc >. s. Kresge Company announced ID
yesterday that it will redeem on Janu-
ary l next all of its outstanding Z
per per- cent serial notes, due January 1,
of an issue of 100000 originally of
fered in July, 1920. The company ex-
poets to have 212 stores in operation
by the end of this year.
New-York tribune., 1922-10-06
Transactions Yesterday in Listed Stocks
Summary of Stock Exchange Dealings

Copyright. 1922, New York Tribune Inc.)
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-11-18

Nov. "a. The public is invited TO at
tend.
The woman's auxiliary OF the Amer
lean legion will hold an all day meet
ing at the home of Mrs. j. G. Trump,
2O24 North + street, Friday to quilt
a comfort. Each woman is asked TO
bring her lunch.
The Jolly Twelve club will be en-
tertained Friday afternoon, Nov. "A,
by Mrs. Clyde A. Riegel at her home
on South Fourteenth street
The Young Peoples Dancing club
will meet Wednesday evening at the
IL o. o. F. hall. The Evan Smith or
chestra win play the order OF dances.
Miss Elizabeth Kolp's classes in fan
CIV dancing will meet Saturday AFTER
noon at the Eagles hall.
The Ladies' Aid society Of st. Johns
Lutheran church will conduct sale
lin the Parish house wednesday even
ing. Nov. %. and the afternoon OF
/ Nov. 49,. Fancy work, aprons for WON
en- and children and other articles VIII
be offered for sale.
Mrs. John Ems1ie will be hostess
to the Progressive Literary society
at her home, 314 South Fifteenth
street, Tuesday afternoon, Nov. Il
Thanksgiving verses will be given as
responses. Mrs. w. A. Ellis will have
a paper ON 'Ireland-of the Past and
Miss Hazel Gregg one on Settlement
and Community Work" Mrs. Kramer
will conduct the question box
Loyal chapter No. 40, Order of the
Eastern Star, will meet at 1880 O'CLOCK
Saturday evening at the Masonic club
Members are asked to bring their do
nations of fruit at this time.
, The Who-Do class of Grace NJ. E
is serving a penny supper from to
o'clock at the church Saturday even
ing. The public is invited to attend
A dance will be given Saturday even
ing at Vaughn hall with music by tn
Quaker City Five.
: The Eagles club will be the seen
4 Of the opening of the winter seasol
{ Of dances Saturday evening. Miller
3 orchestra will play. The public !
!. invited.
0 A meeting of the Garfield Paren
Teacher association will be held a
5 $3.50 o'clock Tuesday afternoon at tn
: school Important matters are to b
presented Everyone interested
a urged to attend.
|. Maumee council No. 4 Degree {
r. Pocahontas, will meet Saturday evel
. ing in the Red Mems hall. A specis
! program has been arranged. All sta
! members are urged to be presen
: Each woman is asked to bring puml
!, kin pie.
: Children of the Second Presbyteria
Il o,-fxr
are asked to meet at $3.50 o'cloc
u Monday afternoon at the church.
A dance will be given for Mason
L Thursday evening, Nov. %, at tt
Masonic temple.
]. The Woman's Home and Foreig
Missionary society of the First En-
= lish Lutheran church will observe i
! 35th anniversary Sunday and in hone
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-11-18

Miss Lucille kaufman was admitted to
membership. Officers were elected,
and games and dancing formed feat
ures Of the evening. Favors went to
Miss Lucille Huffman, Miss Mary Tor
beck, Miss Jean Hadley and Miss Ber-
nice Van Etten. Later a two-course
luncheon was served. Those present
were Miss Lucille kaufman, Miss Luz
Gle Puthon, Miss Bernice Van Etten,
Miss Geneieve Altenschulte, Miss Eliz-
abeth Miller, Miss May Green, Miss
Mary Torbeck, Miss Henrietta Gregg.
Miss Jean Hadley, Miss Lucille Robe.
Miss Alma Bussen, Miss Mary Zwiss.
Ter and Miss Elizabeth Taube.
A surprise party was given Mrs.
John Beilman at her home on North
Sixteenth street, Thursday evening by
the Adult Bible class and the Fidelity
class of the Union Mission in honor
of her birthday. Games were played
and later refreshments served to the
following guests: Mr.. and Mrs. Gordon
Nixon, Mrs. Elizabeth Thompson and
family, Mr.. and Mrs. Olinger and fam
lily, Mrs. Wentz and daughter, Mr.. and
Mrs. Will Solomon, Mr.. and Mrs
Harry Webster, Mr.. and Mrs. Burke
i Mrs. Alice Ebeling, Miss Alice Haw
kins, Miss Susie Hawkins, Miss Edna
Hawkins, Miss Mary Hawkins, Miss
Thelma Kelly; Harry Hall, Witmor
Hilton, Grover Matheny, Chester Fad
Ter, Bessie Bommershine, Mary Math
eny, Kyle Fields, Edna Eadler, Georgt
Burkett, Dorothy Wetzell. Julia Ryan
Gladys Collins, Harry Ryan. Merle
Ross, Harold Shard, Allen Mcdonald
Mr.. Williams and Mrs. Saser.
Miss Ruth Miller entertained tn
| Merry Maids class of Grace M. E. Sun
day school Friday evening at her HON,
on Hunt street A social hour follow
ed the business session. Later re
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-11-18

OF the occasion members OF the So
ciety will have charge Of the church
services and viii present special
program
The Loyal Dorcas Sunday school
class Of the First Christian church will
meet Monday evening with Miss
Emma Hartman at her home, 416
North Thirteenth street.
The Five Hundred club viii be en-
tertained by Mrs. Roy Campbell at
her home ON South Eighth street Mon
day evening. All members are re-
quested to be present
The Delta Theta Tau sorority will
meet Tuesday evening at 7:45 o'clock
IN the Omfcron rooms IN the K. of p.
temple. Members are urged to be
present.
The Universa1ist Mission circle will
meet with Mrs. Martha Johnson Wed.
lnesday afternoon at her home. 2O4
/ South Eleventh street. Mrs. Andrew
Roser will be the leader. The nro.
gram will be on the work Of the Uni.
versalists in Japan. A representa-.
tive of the Thompson home for AGED
Ladies at Waldron, Ind, will be nres.
ent to talk A full attendance is de-
sired
A pleasant surprise party was given
Glenn Tague at his home, 613 Nortl
West First street, Friday evening
Music and games formed the evening",
entertainment after which a ligh
luncheon was served to the folIowin.
guests: Miss Beatrice Mervin. Mis-,
Grace Darnell. Miss Catherine Dafler
Miss Melva Hoffman, Miss Mildret
Schneider, Robert Morgan, Glen Har
ner, Milton Schneider and Glen
Tague.
Miss Elizabeth Miller was hostess t,
! the Happy Go-Lucky club at her home
$50 West A street, Thursday eYenine
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-11-18
CAMBRIDGE CITY SUES !,
TO FORCE PAYMENTS

The seventh OF series Of suits TO
force payment of sewer assessments
growing out of dispute between the
town of Cambridge City and properly
holders affected, was filed in circuit
court Saturday with James A. Boyd as
plaintiff and Frank w. Manson ana
Belle F. Manson as defendants.
The dispute started about the year
1917 when contracts for two sewers,
aggregating 10000. were let by the
city. Some of the property holders
failed to pay their assessment, but
later they settled for their share.
Only few property holders, with as
sessments of less than 500 each, are
now delinquent in their payments.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-11-18

freshments were served. The guests
were: Miss Fern Homan, Miss Mary
Holman, Miss Lucille Shurley, Miss Dor
othy Shurley, Miss Esther Hamilton,
Miss Blanche Carman, Miss Susanna
Kitchel, Miss Frances Evans, Miss
Ruth Walters and Miss Ruth Miller.
The Mary Hill w. C. T. o. met at
the home of Mrs. e. e. Christopher
3S North Eleventh street, Friday after
noon with il members present. Ar
rangements were made to serve dime,
and supper to the Virginia Asher Bus
mess Woman's club Tuesday, Dec. 5
The next meeting of the union viii bs
held in two weeks with Mrs. W. S
Hendricks at her home. 235 Soutf
Eleventh street.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-11-18
NET SESSION IS OPENED

TERRE HAUTE, Ind, Nov. 1S.-In-
ter-class basketball is in full swing at
Indiana State Normal college here.
Due to the early opening Of the varsity
season, candidates for the representa-
tive team has been prohibited from
participating.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-11-18

In Canada a former service man
receives 100 acres of land free, and
the government lends each man $2,50c
cash to equip his farm.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-26
KILLS HIMSELF ON SIDEWALK

Despondent over illness, Pasquale
Guirirmino. sixty two years old, 1916
Dickinson street. committed suicide
early today in front OF his home By
shooting himself through the right car.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-26
I. c. C.. Order Gives Food
and Coal Rail Priority

Washington, July 28.--The Inter-
state Commerce Commission last
night issued decree declaring n
public emergency to exist in the ter
ritory east of the Mississippi River.
The decree contained two distinct
orders, effective at ~ 10 A. NJ. July
20. A condensed version Of the edict
follows:
The first orders suspends all nor
nal regulations for the shipment Of
freight on all railroads within the
United States and establishes emer-
gency traffic control.
Requests that freight be shipped
over a certain line are to be disre.
garded. Railroads are required to
turn over freight to competing lines
when congestion on their own lines
may mean delay.
The second order establishes priori-
ties on lines East of the Mississippi.
Shipments of food for human con-
sumption. feed for livestock. live
stock. perishable products. coal, coke
and fuel oil will be hauled ahead Of
other freights In the order Of pref
crence stated.
The following users of coal are to
be served in the order named:
Special purposes on demands OF
Government.
Fuel to railroads and steamships.
public utilities. hospitals. schools and
quasi public utilities all for current
usage and not for storage.
Coal moving to the Great Lakes
for use in domestic consumption.
Coal for general domestic distribu- =
tion.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-26
SCRANTON HOPEFUL
OF EARLY COAL PEACE

Scranton. Pa, July 26.--Wlth the
district presidents Of the anthracite
mine workers in conference with their
chief, John l.. Lewis, at Philadelphia,
and the Mayors of the cities in the
anthracite region seeking conference
with the anthracite operators, develop.
ments. which may lead to resumption
Of work Nt the mines may result within
the next forty eight hours.
While neither the Mayors nor the
district presidents would discuss tho
result Of their deliberations with the
miners representatives last night. the
Impression prevails thet when the May
ors 60 into conference with the oper-
nors. in line with suggestion con :
tanned in President Lewis telegram to
Mayor John +. Durkan, they will be
prepared to say just how far the miners
will go in their efforts to bring abou,
peace without further interference frOin
Washington.
There is reason to believe that during
the four hours the Mayors and tEc
miners spokesmcn were in session, the
miners made plain the conditions undei
when the mines can resume operations
at an early date. The miners. it il
known, continued firm in their decision
not to accept any plan that bore "a
Harding carmark," which prompts
those who have been following the con
terenccs between the Mayors and the
miners to predict that the reopenins Of
negotiations between the operators and
me men can be looked for any minute
after the Mayors make known the min-
sS attitude to the operators.
Mayor John II. Durkan is still try.
ing to arrange a conference with the
operators. He is hopeful of getting a
favorable reply fixing the time for the
conference not later than tomorrow.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-26
IL C.. Order May
Enbitter Struggle

Continued from Page Ono
the optimistic views about absence OF
rioting. that with the introduction OF
strike breakers there will be clashes.
Considerable shifting Of National Guard
units was effected yesterday and 10
scheduled to continue today.
State and municipal police and the
county authorities are very alert in
detecting and preventing isolated
crimes, the outgrowth Of the strike.
Four Men Arrested
Homes Of two miners were bombed n
few days ago near Turtle Creek. With
in forty eight hours four men were ap-
pretended for the crime and held to
await the injuries of one OF their vic.
tins.
Foreign born miners are not always
the perpetrators of these bombings,
which is a favorite method Of terroriza :
tion among striking miners. One OF the
men injured was an American miner.
and one an alien. while one of the a! :
legged dynamite culprits was an Amerl :
cen. who engineered the job. and MS
three accomplices were foreigners.
Not a great deal of hope Is expressed
at miners headquarters in this city
over any outcome from the reported con
ferences between Chairman Ben w.
Hooper. chairman of the Railway Labor
Board. in Chicago. and Bert Nj. Jeweit
head Of the striking shopmen.
Ever since Mr.. Hooper "out!awed''
Mr.. jewell and his men the two have
been at daggers drawn. 1t would be
fatal move for the head of the striker.
ut this time to withdraw his demand
that the men be permitted to 60 back
to their old places with former right
Of pension and seniority accorded them
! As judge who has passed sen.
tencc. Chairman Hooper would not dare
to stultfy himself by withdrawing his
sentence on the strikers.
Far Apart as Ever
The cold fact is that from this angl,
of the rail strike the principals seen
| to be as far apart as ever.
With the coal miners acting. If not II
actual agreement at least through
community Of interest, with the striking
railroaders, it still looks like yer!
gloomy situation.
l understand from reliable authorit,
that certain Of the Western railroad
are willing to recede from their "seni
Ority' stand. Eastern operatives, how
ever. are stronger than ever in insist
ing upon this point. which was frs
raised and insisted upon by the shop
men on strike and not by the railroads
The ancient saw. FIRST catch youl
hare" is applicable to these strikes. Th
railroads will now handle the coal; tn
Presidents committees or commission
will see to its distribution.
But they must first have the coal +
handle and distribute.