davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-11-21
RAIL OFFICIAL PROMOTED.
(Boston, Mass
fSAFEGUARDED UNDER THE STRAUS PLAN1

z. J. McClees. secretary OF the Blu
reau OF Information for the Eastern
railroads. has been appointed chairman
70 fil the place left vacant through
tho resignation Of John G. walber, who
Ia now vice-president In charge Of per
sonnel OF the New York Central Linee.
Mr.. walber has succeeded p. Y. Crow
ley. vice-president in charge Of East
ern operation OF the New York Cen
trail. az a member Of the bureaus ex-
ecutlvo committee.
The New York herald., 1922-11-21
ALLIANCE REALTY co.
CUTS $500, 900 MELON
Board Also Authorizes Regu-
lar Dividend.

Directors of the Alliance Realty Com
pany have declared a stock dividend Of
% per cent. on its s2.000.000 outstand-
ing capital stock. payable December Is
to shareholders of record December s..
No special meeting OF stockholders will
be necessary to authorize an increase
in capitalization. since the distribution
viii. be made from s1.000,000 of capital
stock authorized but unissued.
The board also authorized the usual
distribution of . per cent. in cash pay
able January 16 to stockholders Of rec
ord December 2S
The New York herald., 1922-11-21
COTTON SPINNING GAINS.
Active SpindIes show Increase for
October.

WASHINGTON, Nov. 20. - The cotton
spinning industry was moro active dur
ing October than in September, the'ag-
greeate number of active spindle hours
reported for the month having been
S.2S9.SS5, 446. compared with 7.760,S63,-
470 in September. the Census Bureau
announced to-day.
The average number Of splndles oper-
ated was 36,S34, 93l. or at 99.2 per cent
capacity on single shift basis. COM
pared with 34.s22,37S. or at 93.9 per
cent. capacity, in September. Cotton
spindles in place October 81 numbered
s7.12s,659. compared with 37,o75,4o7 on
September 80.
The New York herald., 1922-11-21
AMERICAN COTTON OIL.

The American Cotton OIL Company
for the year ending Augus, 81 reports
a deficit OF s2l7e. 800. compared with
deficit OF s2.9s4.5i2 for the preceding
fiscal year. The company's net loss
from operations amounted TO s,6ss,Sso.
against s2,1l4.5l2 In the previous year.
while interest charges we're $500
against $4,000. The company's profit
and loss surplus on August 81 last was
-. no. .1sa. compared with '6.9ss,579 year
rrcyfotia
The New York herald., 1922-11-21

which are In the best interest of the
ultimate consumer, who, by reason OF
the guaranteed price, gets a lower price
and the immediate benefit of any de-
cline in price,"
The New York herald., 1922-11-21
ncthIehrm Report Denied.

Toronto dispatches saying that the
Bethlehem steel Corporation was ne
gotlating for the purchase Of the prop
critics OF Baldwn's. Ltd, wero denied
officially 81 the local offices OF Bethle-
hem
The New York herald., 1922-11-21
THE EQUITABLE
TRUST COMPANY
OP NEW YORK

Baltimore and Ohio Railroad AZ ths
stockhoiders' annual meeting here to-
day. They replace James speyer and l..
p Loree. who. Il was announced. IN :
statement issued by the company. dc.
clined reelection because they could nos
consistently serve on the Baltimore ard
ohio Railroad under tho provisions OF
the Interstate Commerce Act" The re-
naming members Of the retiring board
we're reelected.
The New York herald., 1922-11-21
NEW DIRECTORS ron ". AND o.

BALTIMORE, Nov. 2o.--1Ionry Ruhlen-
Scr end Richard r. Williams. both OF
New York. were elected directors OF The
The New York herald., 1922-11-21
DAYS CUSTOM RECEIPTS.

Receipts for duties at the Custom House
yesterday were s730,56 of which sti4,-
TAO. 70 was for merchandise withdrawn from
horded warehouses and $3.50. 22t 10 for recent
'mpostations.
The New York herald., 1922-11-21
CHICAGO PRICES.
NEW YORK PRICES

NEW YORK PRICES.
WTTEAT-No. Northern spring, SLAB
No . red and No. . hard. 81 No. I Mani
tota. 81 29jk; No. mixed durum, si.22. c.
4 y. track n. Y.
GOHN-No. . Yellow efc.: No. 2 white,
9e No. mixed. p0h, G. :. Z. N. "
oATs--No white. 55hc.; No 3 white.
E4c F: No white, h2c; fancy clipped white,
bsosoc.: ordinary clipped white. J5a5Ic.. all
RyE-No. 2 western. s1.ors {. o. b. and
9f.3 c. I. Z. N. Y, export
BARTTy--Maiting. s2aSIc. 6. I. r. NJ z.
BUCKWHEAT-Amerlc s2a2.0j; Cana
Hay-No. ~ soia25: No .. s22a24; No. Q,
scpa22; shipping. siSaip "A ton.
The New York herald., 1922-11-21
BID AND ASKED QUOTATIONS

n. Y. STOCK EXCHANGE QUOTATIONS..
FOREIGN GOVERNMENT AND MUNICIPAL
BONDS.
The New York herald., 1922-11-21
HOUSE STATEMENT.

Clearing House exchanges, f3S, 900. 900;
balances, S13 .OOO. 900: Federal Reserve credit
balances, $4,000 900.
SILVER MARKET.
official bar silver In New York, domestic.
p9nc.. unchanged. foreign, 64lsc.. off &c. !.
London. 32lSd., off 3-i6d. Mexican dollars.
49Lc., off &c.
The New York herald., 1922-11-21

Special Dispatch 70 THE NEW York HERALD.
PITTSBURGH, Nov. 20. - Directors of
the National Transit Company. in Oil
city Pa, would neither confirm nor
deny tonight that a special stock or
cash dividend was TO be declared by
that company.
The New York herald., 1922-11-21

Commercial paper, 10 days, 4: 60 TO 10
days, A. Liberty bonds and Victory notes, is
days. a: 1G to 90 days. q; bankers' accept
ances. 10 20 30 days. 4.
OPEN MARKET RATE.
Call loans and acceptances. ..........,. 3Ae6
Discount rates prime bankers accept
ances eligible for purchase by Federal Re-
serve banks:
Bid. Askt Bid. Ask.
20 days.. ~ 90 days. ~
GO days. AZ i2o days.. az
The New York herald., 1922-11-21

To the following prices accrued interest
Is TO be added:
The New York herald., 1922-11-21
MONEY MARKET.

MONDAY. NOVEMBER 20.
New-York tribune., 1922-02-11
I'm Wall Street
Lending Governments Credit

The proposal advanced by Cabinet
members that the government should
lend the railroads its credit to facili-
tatc their borrowing in tho invest
mcnt market for equipment purchases
and other purposes met with little
sympathy ycstc rday either in banking
or in railroad circles. Bankers pointed
out that TO cstnblsh such a precedent
would bc dangerous and that it would
be in effect tho grant of subsidy at
the same timc that conditions were
enforced which prevented the carriers
from earning n fair rcturn. They
expressed the view that thc govern
mcnt would have full use for its credit
in rcfunding the war debt and that
to lend It to the carriers might maize
their borrowing cheaper but would
increase the cost Of direct government
operations. The plan was not taken
seriously by railroad officials on the
ground that Congressional action to
make it effective was unlikely and
because it would almost certainly be
80 conditioned as to impose burdens
out Of proportion to the relief cx-
tended
New-York tribune., 1922-02-11
Brooklyn Edison
Earnings for 1921
Show an Increase
Amount Available for In
icrcst and Dividends is
Equal to S'IO.28 a Share;
Business Grows Rapidly

Income available for interest and
dividends Of the Brooklyn Edison
Company was s4,825, 900 in 1921, com
pared With $3.0o3,o00 in 1920 and with
s3,35l 900 in 1919. The amount avail
able for dividends after interest
charges was equal to slO.28 a share
in 1921 and 1857 in 1920
The growth Of business Of the
Brooklyn Edison has been uninter-
rupted since 1911, but costs OF doing
business in 1920 interrupted for one
year only the growth in net earnings.
In 1911 the company sold 1881 900
K. w. hours; in 1912 sS,472 600; at no
time has there been decrease from
year to year In 1921 the company
sold 325, ,1G5 900 X. ". hours.
The annual report. made public yes
terday, indicates that conditions which
adversely affected net earnings in 1920
have been in considerable part changed
in 1921, especially as regards materiai
and labor costs
The company's balance sheet shows
$S94 900 cash as Of December 81. 1921,
compared with s296.0OO cash at the
end Of 1920. Materials and supplies
are carried at sl,7S6.0OO for 1921, as
against s2,783, 900 for 1920. At the
END oil lSLl LEc CCIIpdHL itcu Ilotco
payable representing bank loans Of
S1,2o5, 900.
One of the important problems be-
fore the Brooklyn Edison is the
metlod of financing its future growth.
There we're 376O1 new customers con-
nected with the system in 1921, bring
ing the total up to i99,z20. and dur
ing the year there were 1920 meters
set on customers premises. From the
statement it appears that the output
of current about doubles every FIVE
years.
Recent financing Of the company has
been done under the general m mortgage,
and there are s18,500,000 Of general
mortgage bonds outstanding. Future
financing may be either through the
sale of stock or debentures. II will be
recalled that stockholders have given
the directors permission to issue and
sell S10,000,000 debenture bonds on
such terms as the directors see fit.
The stock has also been increased
from s19,O0O.0OO to $50, 1000, 600.
During 1921 S9,846.00O was spent for
reconstruction and additions, and Of
this 1852 900 was charged to capital
account and the remainder was paid
'or out Of reserves and renewal and
replacement funds.
New-York tribune., 1922-02-11
Untitled Orders Of
Steel Corporation
Drop 26,736T Tons
Falling OFF in Book;u,.
a Surprise in Some Quar-.
ters; Figures at Low.
est Since April, l9l;

The United States Steel Corpor..m
reported yesterday that its untitled ~.
ders on hand January 81 amountsd "a
4,241,678 tons, a decrease Of 2aM
tons compared with the Deceub.r a
total. The announcement OF a faIs,,
off in bookings came as a surprise !,
some quarters Of tn. financial d,strc.
where an increase rad been predicted
Last months operations Of the eo,
poration's subsidiaries are underrtod
to have ageraged around 90 Der e,ss
Of capacity. Production was estim,tS
at between 5Oo,0oO and $4,000 toni
1t vas assumed that shipments 70 cu,.
toners were somewhat IN excess Of .hs
tonnage produced.
Orders on hand at the end Of I,ss,
cry were the lowest since Apfil n
1915, when they totaled 4,ls2,24 tcs
1t is reported, however, that bookinu
since the first Of February have showed
a substantial increase, which, II con.
tinued throughout the month, NAV N.
suit in an increase Of untitled tornae,
at the end Of the month. Tho e,in
in new business Is believed to isys
been shared by tho le<iiae inds-
pendents.
New-York tribune., 1922-02-11
Market Again
Irregular OH
Cross Trends
Wheat Quits Company of
Foreign Exchange and
Continues to Rise: Steel
Report Unsetllcs Trade

Again the speculative markets were
swept by contradictory cross currents
yesterday. and the result of day.
trading was mixed and somewhat CON
fusinS. Despite continuation Of the
reaction which set in on Thursday in
the fast rising European exchanges
wheat prices, which had been lcaping
up with sterling. continued to move
higher, gaining IA to 2k cents q
bushel for the day. Cotton was slightly
higher. too.
The setback in sterling and the other
European exchanges was due largely
to the weakened technical position
after weeks OF quick gains. Uneasncss,
however, was also caused by the cx-
pectation that President Harding would
make public the decision as to whether
the United States would participate in
the Genoa conference next month
In the stock market there was marked
irre9ularity. Rail shares on the whole
vere firm, but industrials on the
average sagged lower. The steel shares
sold of. The untitled tonnage figures,
as Of January ST. announced by the
United States Steel Corporation, proved
that brokerage quarters which had been
predicting that they would show q
startling improvement In the steel
business had no advance information
but were merely guessing. Their fore
cast, which accompanied the striking
nse In Steel common on Thursday, Was
notoriously wrong, for tho actual fig
ures reveal q decline Of 26,736 tons for
tho month Of January, indicating that
the company, which Is now working at
between 20 and 80 per cent Of capacity.
tended to catch up on its orders IN
January, rather than fall further be-
hind. as a result Of heightened buying
of steel. The publication Of the steel
tonnage figures marked turning point
in tho market, which before noon had
been almost uniformly Arm.
The days fluctuations we're neither
marked nor especially significant, in
dicating little more than the quick
turns of the professional trading ele
ment.
The further strength in wheat was
attributable to a revision downward of
the surplus in Argentina and to reports
Of crop damage in Kansas. The recent
firmness of grain and of other products
and hogs and livestock represents an
effort to bring these disproportionately
depressed quotations into line with
prices of other commodities.
New-York tribune., 1922-02-11
Foreign Exchanges Rcactionary

Reaction dominated the foreign e1-
change market yesterday. A short
lived recovery at the opening, which
carried sterling cables to sA.364, was
succeeded by extreme nervousness and
a period Of declining quotations. Ster-
ling broke to $433 IA. francs ~ points
and liro 1912, the close being virtually
at the bottom. Actual business was
slight, traders and other interests be-
ing unwilling to take commitments on
either side Of the market until tho sit
uation became more settled Aside
from technical nsderations, the chief
factor in the decline was the uncer-
tanty regarding the reply of the
United States to the invitation to par
ticipatc in the Genoa parley. Reports
as to the Administration decis on
generally forecast a refusal. but the
expected announcement had not made
its appearance before trading termi-
mated for the day.
New-York tribune., 1922-02-11
Extending Dollar Exchange

Notice has been received by local
banks that the Federal Reserve Board
has voted to include the Dutch East
Indies in the list OF countries and de-
pcndcncics the drafts Of whose banks
or bankers may be accepted by mem
bcr institutions for the purpose Of fur
nishing dollar exchange. This action
follows tho fotation recently Of the
first dollar loan Of the Dutch East
Indies to be placed in this market, and
reflects the increasing importance Of
American trade relations with this
group
New-York tribune., 1922-02-11
First Liberty 3tos Strong

Continuing under the influence Of
the call of the Victory SO. per cent
notes, the First Liberty 3l2s assumed
the leadership yesterday among the
governments war issues. Transactions
reached a total of more than S2,5OO,-
000 unusually large in view of the nor
mally small floating supply of these
bonds, and the price was run up full
point above the previous close to 97.46.
About half of this gain was lost in
later fluctuations. Other taX-exempt
issues were also N demand. feature
IN the municipal market being the ac-
CELEBRATED movement Of New York
CITY 4ios.
New-York tribune., 1922-02-11
ng stock quotations were:
Dividends
Extra

Ohio Oil Compapy-An extra dividend u
Si.i5 2 share has bssn declared on IN
common stock. IL addition 20 the resuE,
quarterly dividend O. sic5 a share. ee'1
pays bic March 81 to stock holders OF ~
ord February *
Standard Oil Company OF Ohio-An exsn
dividend OF 81 shsrs has been decsss
on the common stock. n addition 70 ~
regular quarterly dividend Of $s a o.
both payable April 10 s,ockhodsn Of
record February -.
New-York tribune., 1922-02-11
London Market Easier

LONDON, Feb. 1o.-Thers was ,sshs,
more offering on the Stock Exchang,
to-day. Bar gold was quoted at s5s
Id; money was loaned at 3 per cent
Discount rates were: Short and three.
month bills, 3-16 per cent
Consols fer money, 52z; British !
per cent loan, 957s: British ~ pr
cent loan, s7'4.
New-York tribune., 1922-02-11
Paris Market Firm

NANIS. Feb 10.-Frices we're firm on
The Boursc to-day. Three per cent
reutes, 81 francs 81 ccntimes. F.x-
'hange on London. 90 francs 40 cen
times. Five per cent loan, IS francs 9o
ccntimcs. The dollar was quoted at II
francs IS confines.
New-York tribune., 1922-02-11
The Dollar in Foreign Exchange

Foreign exchange rates lacked sus-
tanning power in quiet trading yester-
day and saggcd considerably. Sterling
fell 2is cents to s4.33ts for cables on
London.
Continentals ruled easier, rejecting
the belief that decisions on the pro-
posed Genoa conference would be un-
favorable. Scandinavian exchanges
uern hoa,-,
New-York tribune., 1922-02-11
Caution Advised in Oil Operations

A note of warning regarding new
oil operations is sounded by "The Oil
City Derrick" which points out that
the volume under way in the United
the fact that weather conditions are
far from favorable. "The present
situation in relation to OIL" says tho
publication. "is far from being settled.
While conditions look little more
favorable than a week ago and while
retincrics report a slight increase in
business, there is still possibility
that the price of crude oil may be
cut before the spring activities begin.
The situation to some extent is in
control of the oil operators. Upon
them in large measure rests the imme-
diate future Of the credit balance
market"
New-York tribune., 1922-02-11
Bid and Asked

Following are the closing bid and
asked quotations of stocks listed on the
Stock Exchange in which there were no
transactions yesterday:
New-York tribune., 1922-02-11
Copper Prices Weaker

The copper market is weaker than it
has been at any time since the first Of
the year. Four important producers
arc reported to be willing to sell the
metal at 1874 cents pound and do
mestic consumers are holding off This
is attributed in some quarters to the
over buying that took place in the lat
ter part Of 1921. Europe is said to be
buying practically no copper at pres
cnt. The present quotation for copper
is three quarters Of a cent below the
high of January, but more than 11s
cent above the high Of last year.
New-York tribune., 1922-02-11
Money and Credit

Call money opened and renewed at 3
per cent on the Stock Exchange yester-
day. During the last hour the rate for
the first time this week was reduced on
the board to Az per cent, offerings be-
ing rather heavier than of late. There
was no change in the position of time
money.
New-York tribune., 1922-02-11
Yesterday. Year ago

Bank Clearings-Bank clearings at
New York yesterday we're: Exchanges,
$64o, ,6OO,O 900; balances, s64,000,000.
Silvcr-London, 34Hd; New York,
domestic bar, 99ssc; foreign, 65a4c;
Mexican dollars, 5Ofsc.
New-York tribune., 1922-02-11
Steel Tonnage Figures

Brokers who attributed the sharp ad-
vance III United States Steel Thursday
to the belief that the corporations un-
filled orders at the end OF January
would show substantial increase were
badly fooled yesterday when the actual
figures disclosed decrease Of 26.73G
tons. Traders expressed their disap-
polntment over the official statement
by selling the stock freely throughout
the market session, with the result that
at the close the price had declined to
S13s, net loss of 1M. This compared
with the net rise Of 27s points the
previous day. The rapdity of the ad-
vance on Thursday, observers pointed
out, served to emphasize that the float
ing supply of Steel is constantly dwin-
ding. This decreased from $3.50, ,436
shares on December 81. 1915. to ,OSo.
9oS shares Jn December 81, 1921, ana
the tendency is still downward
New-York tribune., 1922-02-11
Eid As',sc

Eid Assed
Nasl,a juneau IS =
Alb & Suso .lsl
ANegh West. a6
Anal Sugar IS
Am Ag Ch pf 56is 81
An Rt Sug n 81 G'i.
A RS&&T pf.l02 lo3
| Am c ~ r pt.llSia
Am Coal oS
Am Cot o pf. A2 A7
Am Express 1881 l24S.
Am Lin O pf. 56 5S
Am Radiator. SIS s73
Am Snuff pf. 50 100
Am Tel & e. "a 81
A Tcb vi new.loo l0l
Am W Wks. - 5
do &c pf. - -
4 Whole pf... saN 90
Ann Arbor 5 II
do pf ...... ., 20
Art Metals "a II
A u q I'd pi. SIS ST
Assoc OH 49,. es l0lAa
Atlantic Ref. $50 900
do pf .....ll5 liz
Atlas Tack g.. l3fs i5x
Aust Mich ps. IS IS
Auto s T. IF. - l5l,
Barnett Ieath. A. 1s
do n ...... So o6i.
Bainsdall .... 20 o
Ratopilas Min y a
y Nit + pf. .iol
Rr En- s | pf 50 63
RkNu Edison.lO4 los
brown Shoe. so a.
do cf ...... 81 el
Brunswick nss 2S,
Bur- R & p. 80 go
do pr ... - SIS
Bur & sus1. es IS
Canada South. so,4
Cert Corp -. S5 SS
do lst pr. o.. IS Sai,
CE1&P SC NJ 74H T5N
CStPM s o ri S. "a
{ c G & ST I. Sax ;.5x
Cevs & Pitts. 60 so
C'stt Peab pf 20
Col g. S 2d of As s.
Cont Can pr. 100 ln+
Cre1 Carpet . - %
Tie Beers 49,. II ls
peere & Co pf so IS
per Edison .ia4 ln6
Detr Tn II r. 50
Diam Match. los los
. : S & 4 pf 5's I
Durham Hos. %
do pr ...... so 92
East Kodak. .s65 700
do pr $500. los
Elec Stor Bstl4lts la24
Elk Horn IF IS 40
Em Brant pf. 20 33k
Erie & Pitts. 20 -
Fairbanks ... 20 so
Fed NJ & S.. 3 l2
Fisher by rf.1ooH ln3
Gen Cigar pf.10ON lo2N
do pf deb. 90 eS
Hack Wat ... IS -
do ps ..... %
Hartman Corp so s.
Helme G w. 100
do pf ..... lOa
Hnidee Mfg. Is l6%
Home Min >. 63x CT
III Central ..10lN lotN
I NJ Tirk ID pf 81 81
Int Paper N. so 100
Int Salt ..... IS -
Iowa Central. ~ 6
Joliet & East soR s0ys
KCFtS&M pf. Ct -
New-York tribune., 1922-02-11
Security Price Movement

January was a month Of advancing
security prices, the appreciation in
value of bonds being greater than in
the case Of stocks, the index compiled
by the New York Trust Company and
issued yesterday discloscs On January
81 the average price of sixty-sevon
bonds Of all classes was .S6 point
above the level of December 81. 1921,
and 1899 points above that of Decem-
Der 81, 1920. Foreign government, pub
lie utility and telegraph and telephone
bonds showed the greatest advances.
Six of the twelve classincations of
stocks, including 1903 issues, advanced
during the month and seven as COM
pared with December 81. 1920. Sugar
shares were 1906 below the average on
the latter date, but gained 4.46 points
during the month Railroad, motor,
shipping. leather and shoe aud bank
stocks rose in January
New-York tribune., 1922-02-11
he Street looked upon tho passing

Of the Consolidated Cigar quarterly
dividend of ~ per cent yesterday as
q possible forcrunncr Of unfavora Bile
action By directors Of the American
Sumatra Tobacco Company when they
meet next week. Both classes of
Sumatra stock were weak. tho prefer
red selling Off ;. and tho common =
points. Consolidated Cigar paid 81 a
share on its $4,000, 600 outstanding pre-
ferred stock throughout 1920 and 1921.
In 1919 shareholders received S74 per
cent
New Britain herald., 1922-09-29

The Buckley Nacaroni Company. Superior Court, Hartford County. Re- turnable First Tuesday Oct, 1922. Order
 The foregoing application for the Appointment of Temporary Receiver was presented to me, the undersigned, a Judge of the Superior Court, and IT IS ORDERED:
 That FRANCIS P. ROHRMAYER of Hartford. be appointed TEMPOR- AIRY RECEIVER of THE BUCKLEY MACARONf COMPANY:
 That the said Francis P. Rohrmay- er shall assume his duties as said Receiver immediately upon the filing with the Clerk of the Superior Court for Hartford County, bond for Five Thousand (s50oo) Dollars, condi- tioned upon the faithful performance of his duties as Temporary Receiver; !;
 That the said Temporary Receiver be empowered until further order of the Court, to conduct the business of said Company if he deems it wise and proper or to rent or lease the prop erty of said Company;
 That notice of the application and order be given to each of the credi- tors of said Company by depositing in the mail, postpaid, a copy of this order directed to each of the said creditors; and
 E That a hearing be held for the confirmation of said Temporary Re- ceiver and on the appointment of ap- praiser, on the 9th day of October, |1922, at Hartford, at 10 o'clock in the forenoon; and
 That notice of the same be given to each of the creditors of said Com pany in the same manner as afore said, namely by depositing in the mail, postpaid. a letter addressed to each of the said creditors, containing "a copy of this order and notice, and by publication of a copy of this or der, twice in succession in The New Britain Herald, a newspaper published in New Britain. Conn.,, all at least 6 days before the day set for said hear ing.
 Dated at Hartford, this 3oth day of August, A. D.. 1922.
 (sgned),
 L. P. WALDO MARVIN,
 Judge of Superior Court