The Birmingham age-herald., 1922-01-19
Armour & Co. Claim
 Big Loss in Reuenue
 During the Past Year
By Associated Press

and company lost $31, ,509.S17.52 last year, according to the an- nuaI report read to the stockhoId- CTS today by J. ogden Armour. The net income in 1920 was $5,- 310,075.44, equalling 2.4 per cent on the net capital investment. During 1921 total sales were np- proximately $60O. O,0OO, ns com pared to s90O, ,0OO. 900 in 1920. The tonnage output in 1921. however, was only per cent less thnn in 1920. the largest part of the S3OO,- 100000 decrease being attributed to lower prices. Dividends on the preferred stock and on the com mon were paid from tue surplus which still contained $65,0OO,OOO. sOttawa. Ont, January 1S.- Warming investors not to pur- chase Canadian securities owned in Germany before the ratifica- ton of peace and now being of- fered in the Dominion and the United States at reduced prices, was issued today by Secretary of States COpp. He viewed the trans actions as Illegal and contrary to peace treaty provisions and de- clared purchasers were throwing away their money.
 New York, January 1S.-An in- voluntary petition in bankruptcy was filed in federal court today against Childs and Joseph, export CTS, by three creditors with claims totaiing S23S.O0O.
 Gnn Cal IN. The GuatenaIan national assem- bIy has decided to secede from the federation of Central American republics, says n dispatch received here today from Guatemala City.
 Washington, January IS. Twenty-twO sugar mills were shut down in Cuba during 1921, according to advices from Havana received today by the commerce department. There are 40 sugar mills in operation In Cuba at pres cnt, as compared with 70 year ago, the report said. Funds were declared to he necessary for fi- nancing the Cuban sugar indus try, IF per cent being offered for loans.
 Washington, January IS.-Three of the principal tobacco manu- facturing companies, the Ameri- can TObnccO company, the P. LOr- iIiard company and the Liggett and Myers Tobacco company, were charged with engaging in con spiracIcs with numerous jObbers' associations to keep up jobbers' prices in report transmitted today to the Senate by the federal trade commission. The three com pauies, the commission declared In giving the results of an invcs- tigatiOn ordered under n resOIu- tion by Senator Smith, democrat, South Carolina. were formerly parts of the "tobaccO trust' dis solved by the supreme court. The R. J. Reynolds company, the re- port snid, was not a party to the alleged conspiracies and was com mended for its opposition. The commission promised prosecutions where the evidences disclose there has been violations of the law.
 Dublin, January 1S.-rhe Bank of Ireland. it was semf-off officially announced today, Is being ap- DEOHcmeu tO 1.0OO,O0O pounds for the assist ance of the Irish provisional gov ernmcnt.
 Astoria, Ore, January 1S.- What was to be the first train load of newsprint paper to go into the interior of the United States through Pacific port, left here last night for Spokane. The paper was manufactured in Norway.
 Washington, January 1S.-The Birmingham and Northwestern railroad applied today to the i'm terstate commerce commission for permission to issue SSOO,OOO in bonds which will be used to re- fund existing issues of securities.
 Washington, January 1S.-Rail- roads would he required to retire wooden and provide all steel pas sengcr cars under a bill intro duced today by Senator Harris, democrat, Georgia. Authority to enforce the legislation would be lodged with the interstate com merce commission.
 Anderson. s. C.. January 1S.- Peoples bank of this city failed to open It's doors this morning. Failure to realize on loans and withdrawals of deposits is the cause given by officials of the bank. The bank hns capital nnd surplus of &3OO,OOO and de- poxits of nearly $2,OOO.OOO.
 
 Mexico City. January 1S.-The possibility of prohibition in Mex ico has been so seriously consid- cred in some quarters within the past few days, following the in- crense In government taxen on all