davidaulloa/AmericanStories huggingface dataset:
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-04-28
UNEARNED DIVIDEND
PAID BY BETHLEHEM
Accumulated Surplus Is Gone
Int0-Stcel Business
Gains Steadily.

Although full dividend requirements
for the quarter were not earned, the
directors OF the Bethlehem Steel Cor
poration yesterday declared the regular
disbursements of II per cent. on both
classes of common stock. payable July
to stock of record June Is. The board
felt justified In declaring the usual
dividends. Il. q. Grace, president said
after the meeting, in view of the SUR
plus earnings accumulated in former
years. the strong cash position OF the
corporation and the decided improve
ment in business as reflected in the
market increase in the volume Of orders
at higher prices.
The Improvement in business has
been constant throughout the quarter.
Mr.. Grace said. Sales for March We're
greater than those of January and Fe.-
ruary combined. and greater than the
sales in any other month since the mid
die of 1920. This is the first quar- .er
In many years that the Bethlehem Steel
Corporation has failed to earn its full
dividend requirements and has been
compelled to dip into surplus for any
part OF it's disbursements to stockhold-
ers.
The March rate of business Is being
maintained and even exceeded In the
current month and the present rate OF
production for the corporation ia about
so per cent. OF capacity as compared
with 1880 per cent. during the first
quarter and with a low mark OF around
IS per cent last summer. Operations OF
about 80 per cent of present capacity
are estimated to be equivalent to ap-
proximately full pre-war capacity, SO
great have been the corporations extern
sions.
The Bethlehem corporation has not
experienced any important interruption
to operations since the beginning or
the coal strike and officials do not ex-
pect any. The Bethlehem mines are
non-union and the West Virginia mines
purchased many months ago from the
lslkins interests, have been placed in
operation for the first time, adding their
output to that of the corporation $
other sources. Increased activity Is
manifest, Mr.. Grace said in all or the
more highly finished lines of products.
the only exception being new ship con-
struction. The farm implement indus
try, too. has Jagged greatly in the recent
business improvement. A greater vol
ume of ship repair work is being exc
cuted, which reflects the improvement
in the shipping business.
Bethlehem's Inventories OF Gre, Mr..
Grace said, have been reduced TO a
point where it has become necessary to
start moving the Chilean ore to the
steel plants and the Chilean mines are
now being put in operation. The first
of the six new 10000 ton ore and oil
carrying vessels of the corporation s
fleet will sail before the end OF April.
The others are to so into the service
as they are completed.
Export business has Increased mpor-
family, keeping pace somewhat with do
mestic buying. As for prices, Mr.. Grace
said the trend remains upward and
quotations are continually stiffening.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-04-28
FINANCIAL NOTES.

Tie New York Stock Exchange has adj
mitted 70 its trading list 30.000.0 600 guders
bonds of the Holland-American Lines, duo
an May l.. 1897, when issued.
The Gulf States Steel Company's net
operating income for the quarter ended with
March 81 was si6s.966 After deductions
for taxes. depreciation and other charges its
net income was $s0.3i6.
Bonbrisht G Co. Inc. and Hodenpyi. Hardy
4 co. announce that the time for making
deposits OF bonds under the plan for the
organization OF tho Tennessee Electric
Power. Company has been extended 20 May 10
pointed registrar Of tho Venezuelan petro-
leum company's capital stock.
Or. a. NJ. sakolshi. formerly OF the Eaui-
table Trust Company of New York. has been
appointed manager OF the statistical depart
snent OF l.. =. Rothschild Co. 100 Broad
way.
of the New York and New Orleans cotton
exchanges. have moved their local office 10
larger quarters in 81 William street.
Tho Hammond committee has issued a
letter TO the holders or the Denver and Rio
Grnnde Railroads first and refunding mort
gage per cent. gold bonds stating that Il
has extended through May 10 the time within
which they may deposit them unler the plan
and agreement OF reorganization dated Jan
nary ~, 1917.
Victor G. Bell. formerly OF the Guatanty
Trust Company Of New York, IS in the sales
department OF Herlsins & Co.
Porter. Robient 4 co: have moved %
building they have had their offices.
Tho Toledo and Ohio Central Railways q
per cent. equipment notes In definite form
with coupons due on July ~ and suisse
Quently attached will be delivered IN ex-
change for trust receipts by the trust de-
partment Of the Guaranty Trust Company OF
New York. 40 Broadway.
The Guaranty Trust Company OF New
York has been appointed transfer agent OF
tho Damascus Refining and Manufacturing
Company stock, consisting OF 600 600 shares
OF $40 par preferred stock 10000 shares OF
no par class common stock and 200. 600
shares Of $40 class y common stock.
BENJAMIN Joy, vice-presldont cf the Bank.
crs Trust Company, has been appointed
senior officer Of It's Paris office. ~ ". H.
Close. who has held that position viii re-
turn 20 tina compRny'H headquarters Henry
i. Cochrane. who Las been It's senior vice.
president. with quarters IN it's Fifth avenue
office, VIII move TO It's Wal street office.
ssarl II. Gafford has been elected assistant
vice-president IN charge or business de-
velopmont OF the Battery Park National
Gank.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-04-28
CUTS BY WESTERN MARYLAND.
Operating Expenses In 1921 &c.,
5OS,c63 Under 1o2O's.

The progress being made by the West
ern Maryland Railway Company is best
indicated by the annual report for 1921
which shows that operating expenses
were reduced s6.50s,263. as contrasted
with 1920. This large decrease resulted
in net revenue from railway operations
of s3,776,52J, All operating ratio OF
1859 per cent. The greatest reduction
In operating expenses was in the cost OF
transportation. which shows percent
age OF 1864 OF total operating revenue
against Ass in 1920.
The company's net income was S474.-
527. or $2.67 a share. earned on the
s17,742.050 outstanding first preferred
stock. as contrasted with s77.564. or AZ
cents share on the first preferred
stock. Total operating revenues
amounted to $t7.643.054, decrease OF
s2.562.632 from the figures of the pre-
vicus year. The decrease IN coal and
coke freights alone amounted to $780,
GAG.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-04-28
BEECH NUT OvERsUBsCRIBED.
Syndicate Sells 10000 Shares at
$40 Each.

a syndicate composed OF Blair & Co,
Hornblower & Weeks and O'Brian, Pot
ter & Co. offered yesterday an issue OF
10000 shares Of capital stock of the
Beech-Nut Packing Company at $50 o
share. The Offering was heavily over
subscribed and the books closed soon
after it was announced. The stock was
purchased by the selling group at pri-
vate sale.
The balance sheet OF the Beech-Nut
Packing Company as OF March 81
showed current assets OF s5.e94.2s2,
against current liabilities OF s1.6s7,7Ts.
Sales have increased from s3.s62,764 In
1913 TO s11.000.000 In 1921. Net sales
for the first quarter OF 1922 show an
increase of about 2s per cent. over the
period Of last year.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-04-28
SECURITIES AT AUCTION.
APRIL 2c
10 Ardsley Casino. $40 lot.
20 Cameron Car ~.
20 DAILY Mining CUtah), 81.
; Trenton potteries. SIC.

10 ArdsIey Casino, $40 lot.
20 Cameron Car pf.
20 DAILY Mining OUtah), 81.
Trenton potteries. $40.
6iil star shirt. $40 lot.
$50 First Now York pr, $40 lot.
tGi Smith Springfield Body, s1T lot. 80 00C
Smith Springfield Body ~ notes, due 1925
interoat May, November. %.
81. 600 Washington. Arlington a Falls Church
flrat cons. $50 bonds, due 1855, interest
March September, 90.
800 Auto Sales, 81: 100 Auto Sales pf, SIT
400 Manhattan OIL, 20 cents.
f4O Margay OIL, ST.
IB7 Second Avenue. SiT lot
Canal Street Building, $40 per share.
900 Sound Realty COOS paid I'M corporation
has right 10 call for the additional 4Oq .
$500 lot coo Sound Realty t0Ojs paid inl .
corporation has right to call for additional
1861 $500 lot.
100 Calico Chemical pr. $3.50 lot.
100 stanwood Rubber. sic lot.
81 900 American and British Securities Gcs
note. due September Is 1923. so lot.
81 900 Wlnona a fou.hwessern Railway Co.
first mortgage 6qs gold bond, dua zoos.
i6 1000 f00O0e5 paid, xlf lot
80 Baltimore a Ohio reglstercd IA the remc
Of the Deutsche Bank. indorscd III blank.
entitled 10 all dividends since September
T. 1917. ~ $50 lot
50 1-i5. Laclede-christy Clay Products ,cts.
unindorsed), 81.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-04-28
ROAD INCREASES
VALUE LAST YEAR
st. Louis-San Francisco Report
Shows S3,225,680 Balance
for 1921.

The st. Louis-San Francisco Railway
for 1921 reports balance of s3,225,6S0
after all charges. including interest on
its adjustment mortgage bonds and in
come mortgage bonds. It's balance after
deduction OF operating expenses. taxes.
adjustment Of joint facility rents.
rentals, but before interest charges. was
s17.394,s2s.
The following tabulation affords COM
parison of the chief items OF the COM
pany's income account for the calendar
year 1921 with those OF the preceding
year. the figures for the latter includ-
ing the income account OF the Railroad
Administration for the first eight months
OF 1920 and eliminating Government
compensation and guaranty:
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-04-28
bush TERMINAL OFFERING.

r. ]. Lisman & Co. and Shonnard s.
Co are offering a block Of the Bush Ter
minal Building Company's 7 per cent
cumulative preferred stock,to yield more
than 7.20 per cent. The stock is redeem
able only as whole at s120 a share and
dividends.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-04-28
BAKU OIL WELLS FIRED,
OUTPUT MUCH REDUCED
Remainder of Field Only
SaUed With Difficulty.

Moscow, April 81 ASSOCIATED Press.
social revolutionists. ac-
cording TO the Praudd, recently set on
fire some Of the largest oil wells in
the Baku region and IL was with great
difficulty that the remaining cells In
the oil fields were saved.
In consequence of the fire the output
In the Baku district has been reduced to
1900. 900 pounds of oil daily.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-04-28
SEATS BRING $4,000 EACH.
Two on Exchange Sell Mt $4,000
Increase-Curb Sale at $4,000.

The New York Stock Exchange seat
OF q. l.. Mathies. deceased. was sold
yesterday to G. G. Breining for ss3, 900,
that ofE. A. Neugass. deceased. to r. +.
Burr for $4,000. that of A. S. Heldei-
bach. deceased. to w. X. Macy for
900 and that OF William t'ranken-
heimer TO J. J. McKeon for sos. 900.
Two partnership transfers. c. 8. Hirsch
to Fl. c. Hirsch and W. II. RemiclS
to George G. Hodges were recorded.
The last previous sale had been at
$4,000.
A scat ON the New York Curb Mar
ket Association was disposed or for
$4,000, an increase of 1900.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-04-28
Prices to yield 4.20%

In this Federal Reserve district on the
basis OF the dollar value OF sales was
per cent. lower than in March, 1921.
In February the decline from the prcvi-
Gus years figures was 10 per cent.
March sales by representative depart
ment storcE in this district were pcr
cent. under sales In March. 1921. n re
duction accounted for IN part by tho
fact that Easter was later this year
than last and many spring purchases
were postponed until ,lpril.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-04-28
CONTROL GAINED ny FITKIN.

a. l.. Fitkin & Co. firm that man
ages public utility companies. has ac-
quired control OF the Tidewater Power
Company of Wilmington. ". G.. accord
ing to announcement made yesterday
The property includes the electric light
and power plant, the gas plant and the
city and interurban railway system
which serve Wilmington.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-04-28
METROPOLITAN EDISON OFFER.

John Nickerson. Jr., and Eastman,
Dillon 4 Co. are heading a syndicats
that is Offering 1880 shares OF Metro-
politan Edison Company cumulative
participating per cent. preferred stock
nj 90 and interest The company OBJ
crates IN Reading. Lebanon and seventy,
one other communities IN Pennsyiveris. \.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-04-28
WHOLESALERS REPORT GAIN.


Rejecting normal seasonal demand,
March sales By 102 Wholesale dealers IN
ten principal commodities were larger
than those Of February. according 10
Federal Reserve Bank OF New York
Tho weighted index Of wholesale trade
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-04-28
TO nuy 900 EQUIPMENT.

Equipment purchases OF approximately
s3.250.000 will be made by the Northern
Pacific Railway In the next few weeks.
Contracts will be placed for 1000 box
cars, ESQ convertible work and coal cars.
$50 coal cars. ESQ stock cars and 20 re-
frgcrator cars.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-04-28
ExroRrs FROM NEW YORK.

Exports from New York Yesterday. Wheat,
bushels. 1oi,062 corn. bushels, III .oSt; oats.
bushels. s3,Oei. rye. bushels 1911 flour,
barrels, 200, flour sacks, 1s.Ji0; bacons,
pounds, $4,000; lard, pounds. sG3 .O1J /,
Ftcarine, pounds. h0.0O0 tnIluw, pounds
10000 grease. pounds. 10000. Indicating
OIL gallons. 213,5o0; feed. pounds, 1.015,so0.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-04-28

Under the terms Of the companys
final settlement with the Railroad Ad-
mlnistration OF accounts arising out of
the Federal control period, the COM
pany receivd s550.000 in cash. repre-
senting the difference between s7,243,-
Isl owed by the Government and $685.
15T owed the Government by the rail-
road. The company's claims arising out
Of the Government guaranty period
have not been adjudicated.
In 1921 the Frisco's management
charged s5.019,2es TO its capital account
for additions and betterments to its
roadway and equipment.
Referring TO the lower expenditures
for maintenance, J. M. Kurn, president,
said that tho company's property had
not only been adequately maintained but
that its physical condition had been ma
terially improved.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-04-28
NOW on CITIES SERVICE BOARD

Frank II. Coates. John NJ. McMiliin
and w. a. Jones have been elected al
rectors OF the Cities Service Company
70 succeed Benjamin N. Freeman, sir
II. Macsay Edgar and Holton H. Scott,
who resigned at the expiration Of their
terms.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-04-28

100000
PRODUCERS AND REFINERs CORPORATION
First Mortgage Ten-Year go Sinking Fund Gold Bonds
payable
by saoco
dbk in de % d
@ may s % = % ;s - s
eHsrrLu snosrT rcoapAro sr~ros
SOs5sas s WYOMING % s s = @ | s
NEW stSaa5 STANDARD On
Wss Midwest sg purchase
FIRST s.as as4 ss 's s DEBIT 81 % no"
% % 900 % %
assss ss aa s p dsssdea %
:s5 M A 3ss Il; - 'S5'
Annual Annual interest," % % Outstanding J sss 1921 s SEIZE
ssTe T @ ssa ss ss p s Hs so 1922 similarly after depreciation
a ss ssss
aas interest to- o a'P " June " december " me redemption the % ~ 0ssh0 "
;s that the issue vii
EQUITY s :isss S' quotations c"'''y' '" capital stock represent.
1 ass | s ss
1aandAc m
BLAIR g. 90. o
INCORPORATED
1as.an..s @
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1922-05-15
CITIZENS MEETING ON CITY AFFAIRS CALLED
WINDOW SASH
INVENTION ENDS
NEED OF PUTTY

w. w. Wilson, who operates saw
and planning mill jist beyond the
Hawkins farm, snort distance off
the Ellaville road, 1 miles northwest
of Americas, is in Washington, where
he went to facilitaie the securing of
a patent upon window sash which
he has invented. 4 model of the
invention was taken to Washington
by him, copy of which was shown
about town today.
The invention consists of eliminat-
ing putty in fastening in the panes
of glass. Instead of Being inserted
in the usual way from one side of
the sash, the glass paney are slipped
into place in groove The proper
size from the upper end o: the sash.
Strips of felt liue the grooves, pre-
venting rafting and filling tne space
so us to shut out >the air and dust
completely when the windov is
closed. Broken panes may be re-
placed with the greatest of ease, and
there will be no more excuses from
tenants who smash windows and then
inform the landlord they have fallen
out.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1922-05-15
N. A. RAY ON EXECUTIVE
BOARD OF COMMISSIONERS

N, A. Ray, chairman of the board
os Sumter county commissioners, has
received notice of his appointment
as a member of the executive board
of the County Commissioners asso-
citation of Georgia by the president,
Judge A. B. Moore, of Savannah.
The announcement came from Fred
Houser, secretary.
This is an honor of which Mr.. Ray
is very proud, the county commits
sioners association being an organiza-
tiGn the members Of which, as coun-
ty officers, handle more funds com
bined each year than other govern
mental agency.
The next annual convention of. the
association will be held in Ameri-
Gus. Mr.. Ray came into much prom.
linence at the recent state conyen>
tion at Bainbridge when single-hand-
ed on the floor of the convention he
defeated all opposition to Americas
as the next convention city.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1922-05-15
STUDENTS HONOR
HENRY DORMAN
Americus Man At University
Chosen President Of Student
Body

ATHENS, May 15.-Henry Dor
man, of Americus, was chosen presi-
dent of the student council and body
here Saturday in the annual election
of the officers of the student body
of the university. Howard New
bourn, of Washington, and Ernest A.
Lowe, CT Macon, were named vice
president and secretary-treasurer, re-
spectively.
The presidency of the student
council is the highest office within
the gift of the student body of the
state institution, the duty of the
counsel being to supervise the ac
tivities of the students and to act
as the board of arbitration upon all
questions pertaining to undergrad
yates. Mr.. Dorman has been sue
cessful in his work here, having edit
ed the college paper and served as
president of the Young Mems Chris
tian Association, besides taking an
active interest in the social and re-
ligious life of the community. He
will return to the university in Sep
tember for graduate work, having
completed his bachelors degree in
three years.
1t will be remembered that Henry
Dorman was member of the class
of 1917 in the Third District Agri-
cultural and Mechanical school, from
which he graduated with honors. He
returned to Americus in 1918, teach
ing in the A. & NJ. school, later join
ing the army and serving with the
American eXpeditionary forces in
France. He has numerous relatives
in the city amongwhom are Mr.. and
Mrs I. d. Westbrook, Mrs. R. B.
Goodwin, and Mr.. and Mrs. Olin John
SON.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1922-05-15
SCHOOL EXHIBIT
A REVELATION
Splendid Showing Of Handiwork
OF Boys and Girls
Displayed

Friends and patrons of the Ameri-
Gus High school visited that institu-
tion Friday from 10 to 2 o'clock to
view the attractive display of handi-
work done by the students during the
present school term. The entire ex-
hibit was a revelation of splendid
practical training Of the boys and
girls.
The domestic science department
was the first visited. Under the su-
pervision of Miss Martha Cobb, in
structor, the rooms were ornament
ed with sweet peas. Hand and ma
chine-made garments, the work of
the girl students, We're arranged on
neat hangers about the sides of the
building. Among this collection
were included handsomely embroid-
cred centerpieces, towels, pillow
covers, pillow cases and sheets. TAFT
ing, crochet, knit work, embroidered
or hemstitched organdie collar and
cuff sets, and the more useful ging-
ham frocks and aprons, together with
dainty lingerie.
The $500 prize offered for the
best dress in the junior and sopho-
more classes was won by Miss Ethel
Suggs, with a gingham frock. Every
seam was neatly felled and every de-
tail passed the rigid examination Of
Mrs. Clarence o. Niles, who was
Judge of the workmanship of the
girls department. Miss Hazel Pra-
ther won second prize of $50 for
making a suit of lingerie fashioned
of crepe de chine and hand embroid-
cred. In a class to itself was an eX-
quisitely made baby dress by Miss
Belle Feagle, who rolled and whipped
the edges, introduced scanning and
applied tatting made by herself. This
also won prize of $500 and elected
great admiration with its daintiness.
The prize money offered was earn
ed by the girls of the department
themselves by the sale at recess
hours of sandwiches during the
winter months and cream and candy
in the warm season, sufficient funds
also being obtained to keep in repair
the sewing machines and electric
motor driven machine used in the
department.
Jack Hoist, head of the department
of manual training, had on display
handsome cedar chests, both in full
length and shorter, beautifully fin
ished and polished, made by S. Bel
cher and Joseph Parker. Others
nearing completion were fashioned
by James Collins, William aBugh,
Luther Ivey and Edwin Bell.
A piano bench, mahogany finished
and hand rubbed to a beautiful pol
ish, was the work of Clin Dixon,
with one by Kenneth Kimsey nearing
completion.
A porch swing by B. w. Rouse and
chairs elicted much admiration, as
did pedestal by William Wallis
and the table desk by John West
Sheffield.
Towell racks, footstools, bird
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1922-05-15
CHURCH ASKS
PARKING RULES
First Baptist Congregation Calls
On Mayor And City Council
For Action

The mayor and city council were
called upon in a resolution unanim-
ously adopted Sunday morning by
the congregation of the First Baptist
church, to enact an ordinance regu-
lating the parking of vehicles on
Lee and Taylor streets between $3.50
and 1890 and 7 and 9 o'clock each
Sunday as matter of public safety.
At the direction of the congregation,
the pastor, DR.. Carl w. Minor, ap-
pointed committee of three to ap-
pear before the mayor and council
next Thursday night to present the
request. This committee consists Of
Chas. Lingo, Hollis Fort and Bradley
H0gg. The resolution was presented
by Mr.. Lingo, chairman OF the
church property committee of the
church board, and follows:
Whereas, we believe that it would
be to the best interest of public safe
ty to have some ordinance passed by
GilG mayor anu Slty COullSL VI
Americas regulating the parking of
vehicles on Lee and Taylor streets
between the hours Of $50 a. m. and
1890 P. NJ, and from 7 to 8 p. m.
on Sunday of each week.
Therefore be it resolved that a
committee be appointed by the mod
orator to confer with the mayor and
city council with view of securing
the passage of said ordinance as will
effectually protect the public in the
parking of vehicles during said tintc." "
Mr.. Lingo today informed w. E.
Taylor, chairman of the ordinance
committee of the council, of the ac-
tion of the congregation.
1t is understood to be the wisl!
of the leaders in this church that
parking be restricted to the west
side of Lee street and the south side
of Taylor during these hours, this
giving an unobstructed street next
to the churches at all times and thus
reducing the danger to pedestrians,
particularly children, crossing the
streets.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1922-05-15
WALTER HEIRS REPLACES
ARBUCKLE IN MOVIES

CORDELE, May 15.-Word which
comes from reliable sources at the
movie studios in Hollywood indicates
that Walter Heirs, Cordele boy, is
fast taking the place of the fat man
on the screen-not the place of Ar
buckle. Mrs. Charles ]. Sharp. a
leading club woman of Birmingham,
Ala, who was on a recent visit to
Hollywood, was told that since the
Arbuckle trouble, the Cordele boy
has been booked ahead for months
and is now in great demand. He is
nephew Of Mrs. Guyton Fisher, of
Americas.