The Birmingham age-herald., 1922-01-28
Wholesale Poultry and
 Egg Concern Goes to Wall Tn New Orleans

New Orleans, January 27.-L. Fran kel X Co.,. wholesalers in eggs and | poultry, filed voluntary petition In bankruptcy in federal court here to- day. listing its liabilities at SS50.- 340.14 and assets at S255.51S.65. One New York. one St. Louis and five Chicago cold storage firms were list l ed as creditors. Three New Orleans banks were listed holding $2O0.- 900 In prOmissory notes against the concern, The bankruptcy petition, it | Is declared, comes as the climax fO series of business troubles. due to the unusual activity of hens in this country laying abnormaIIy large i quantity. of eggs at this time of the year. owing to the recent unseason- ably mild weather. thereby breaking the egg market.
 i Washington. January 27.-The Ar kansas highway tax laws, which sev- eraI months ago were the subject of an investigation conducted by the federal department of agriculture, came before the supreme court to- day in arguments on two cases np- peaIed from that state.
 Washington, January 25.-Thc Jack sOnviiie. Ria-. Terminal Railroad company applied to the interstate commerce commission for authority to issue S4.OOO,O00 in 25-year per cent bonds. The issue will he guar anteed hy the Southern railroad, thc Scaboard Air Line. the Atlantic eoast Line and the Florida East Coast rail- ! roads, which companies also applied for authority to indorse the issue and assume responsibility for payment of interest and principal
 Most of the funds secured from the sale of the issues, the application said, will he used to pay off exist ing indebtedness, and the balance will he placed in the treasury of the ter- minal company. partly to reimburse 1t for expenditures and partly to take care of future maintenance and inn provements.
 Washington. January 27.-Presi- dent Harding. 1t was said today at the White House, will investigate re- ports that banks in the west and southwest have been Ioaning federal funds provided by the War Finance corporation at rates which are above the legal percentages allowed, and which have been declared usurious.. :.
 Paris, January 25.-The German government has notified the repara- tons commission that 31,0O0,O0O gold marks have been deposited in va- rious banks in compliance with the To-day payment schedule adopted bv the commission at the recent su- preme council meeting at Cannes. The first payment of 31.000.000 gold marks under this schedule was made by Germany on January 10.
 Washington, January 21.-imme- diate completion of the Muscle Shoals project by the government was rec commended to the national agricui- turaI conference today by the trans- portation committee. No mention was made of any offer to the governmen, to lease the project. The recommen- dalton said. "The improvements ai- ready under way at Muscle Shoals on the Tennessee river, making avail able electrical power as well as ope"- ing the river for navigation for iO' miles. should be promptly com' pleted."
 Atlanta. January 27.-An injunc- ton sought by the Georgia Rafiwa, and Power company against ths Georgia railroad commission to pre- vent the reduction of the Atlanta ga' rate to S1.55 net, was denied in de cision handed down today ny Federn Judges s. II. Hibley, N. +. Bryan an' Whitfield Jack, who heard the cns' about 10 days ago in New Orleans The new rate becomes effective as o January 2.
 New York, Janunry 27.-Foreigs exchanges, especially British ant French rates, were strong today, thei rise being ascribed to prospects o n better understanding in Anglo French relations. Demand bills or London advanced to $4.24ta. the high