davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1922-06-15
Discount Cut Considered.

The Federal Reserve Board had
under consideration today the re.
quest of the Federal Reserve Bank
Of San Francisco to reduce its re.
discount rate from ~ to 4 Der
cent. Treasury Department officials
DO not think that a reduction at This
time would have the beneficial ef.
feet hoped for. but have not vet
reached decision upon the San
Francisco request. n was said at
the Treasury today that similar re-
quests probably would be made Fed.
sral Reserve banks IN other cities.
The Washington times., 1922-06-15
Note Issue Sought.

The Norfolk Southern today asked
the Interstate, Commerce Commits
sion for authority to issue $s75, 900
OF equipment trust or conditional
sales agreement notes dated Nav -,
1877, and maturing on May 20 up
10 1882. The notes will hear Der
cent interest and the proceeds are to
be used In the purchase OF 3s7 re.
built freight cars.
The Washington times., 1922-06-15
Leaves for New York.

George "A. Harris. general mana.
ger Of the Cleveland Discount Com.
pany, will leave tomorrow to attend
q convention Of $50 Of the L.adinx
salesmen Of the Cleveland Discount
Company. which will be held at
Lake Placid. New York. He will be
gone about ten days.
The Washington times., 1922-06-15
local Stocss

SALES.
Washington Gas. SIS. s50oQstx:
Washington Gss'7h's. 81 .oO06 6lo<A,
$500@l04h.
Anacostia and Potomac railroad
SIS, S1,o00@S7h.
washington Railway and Electric
As, $500 ,@73h. O..
Washington Railway and Electric
GenI. SIS, $1,o00@s9h.
Washington Railway and Electrtc
COM. 26@49%. 2569A. l6@s0. Is
@l50. .,
Washington Gas Light. 2S@6sH.
After Call:
Capital Traction SIS. $l,O006sSh
81 ,0ooQssh. H.OOo@9sh. $1,000
9Sia. 5000 9sh.
Capital Traction, 1o@s7H. $50
97A.,
Capital Traction. 25a97+.
Money-Call loans, s per, cent.
The Washington times., 1922-06-15

In his address before the Finan.
cial Advertising Association at the
Associated Advertising Clubs Of the
World x convention at Milwaukee,
which IL being attended by several
Washington bankers. Mr.. Green
oukh said that the World War
trought the American banker from
behind the marble of his counters
to Hello Jim" basis with the
public.
"Jin,, and the American banker
had much In common in those days,
and the 10000. 900. men and women
bond buyers were drawn to the
banks not only because" OF a spirit
Of patriotism. but, because of the
things they read In the newspa.
pers." ne told the convention.
=, Mr.. Greenodgh said American
clientele because war advertising
Advertising brings together the
producer and consumer and perIltits
them to understand each other and
70 cooperate In producing the essen
tfals Of a prosperous country. trade
and "nppmrrcint" Jason W@sterfield.
secretary to the library committee
of the New York Stock Exchange,
tod members of the American -Asso-
citation of Advertising Agencies In
tn lr departTn Antai -sefsion..g
IN his address Mr.. Westerfield de.
elared that there Is a striking par.
allel between the constructive work
OF advertising men and women and
that OF the New York stock ex
change.
The New York stock exchange
brings together the buyer and the
se,ler--the buyer OF securities and
the seller of securities" ne said. But
It does a great deal more than that.
The securities represent the great
development Of the country, the rail.
roads. sthe miffs, mines, factories
farms. the productive wealth, the
brains and energy OF a whole people
Il serves to make the people partners
In great enterprises,
"The. New York stock exchange
the greatest primary market Tor Sc.
curitiss In the world, must he kept
he SAID TITS history OF f25 years Is
q history Of development ana honor:
able dealing. =.
TheSexchanse stands for what you
stand for In advertising. 1t stands
for truth and honesty and 1t Is one Of
the great wheels In the engine of IN.
dustry and finance
Roy G. .osgood. vice president Of
the First Trust ana Savings Bank, OF
Chicago, said 1t 10 emphatically the
duty Of investment bankers to pro-
tect the public against unsound
financing, In addition to being a
duty. II Is business common sense
on the part OF the Investment hank
ers to warn against fraud, because
every dollar sunk In fraudulent So.
curity is diverted not only from his
own business. but the business he Is
assisting to finance.
The Washington times., 1922-06-15

The Interstate Commerce Commits
sion today suspended the operation
until October 13 Of certain freight
schedules proposing to increase
from 5 to 7 cents per gross ton the
present freight charges on iron ore
at Lake Superior docks.
The Washington times., 1922-06-15
Foreign Exchange.

NEW YORK. June 16.-Sterling
demand 4.<7k: cables, 4.47k. French
francs. demand, .oS8x: cables,
.osssk. Lire demand .oso7; cables.
.O607h. Belgian francs demand
.oszs: cables, !0s2sh. Marks. .o0s2k
Drachma demand, .o4iS: cables, ,0420.
swiss francs demand 1908: cables,
1907. Guiiders demand .3sss; cables,
1884; pesetas. demand, 1873: cables
1875. Sweden kronsn demand .26si
cables, .assf; Norway kronen demand
.11lS: cables, .1720. Denmark de.
mand .71sl; cables, zl.SS.
The Washington times., 1922-06-15
!. C. c. Ruling On EI Paso.

The Interstate Commerce Commits.
sion today certified to the Secretary
Of the Treasury that the El Paso and
Southeastern 10 entitled to $ss1. .40s
under section zoe Of the transporta.
ton act.
The Washington times., 1922-06-15
n. 3. Oftutt Made Director.

H. 8. offutt. cashier OF the Dis
trict National Bank. has been added
20 the board Of directors Of the In.
ternatonal Exchange Bank, II was
announced by Joseph Schiavor,c,
president of the latter institution. :
The Washington times., 1922-06-15
Need of Advertising
Urged Upon Bankers
Walter E. Greenough Tells Financial Adver-
tising Men That Banks Are Losing New
Clientele Because Advertising
= .@s%G Stopped + =
Stopped
BY HARRY GUSACK.

Washington bankers today displayed keen interest in
the speech made yesterday by Walter F. Greenough.
Of indianapolis, in which he stated that the American
bankers fast losing all the advantages they gained
during the war
The Washington times., 1922-06-15

Ths daily snf Sunday rim.s Vim
- yeur mest cengensal friend sn
yeur vsesfieaL Give youv sraer TO-
tay - hsvs h sssf - yes: % cenAs
The Washington times., 1922-06-15
= Blu SIN E.SS AND: *FINAN G E
Curb Stocks.

lFurnished BIZ W. D. Hibbs q Coz
RIriNAa M nnnn. / raIa 4 A ~
The Washington times., 1922-06-15

Open. High. Low. clcss.
Money on call. ~ 80. .. -.
stock .ai<s mp to
liam. n noon Jpn 1p-m.
1t7.soe s17, 800 ........ ........
Bond saies NO to
liam. " noon Jpn lC.m
s.tfs.eoe s.k1s.ooe .......- .......
The Washington times., 1922-06-15
Freight Schedule Deferred.

sEx-dividend.
The Washington times., 1922-06-15


Ss.Is0, 900 serial first mortgage and
collateral trust per cent gold notes
of the Van swerinEen company, to
Yield Z per cent.
81, 500 900 Chippewa Power Com.
pany first mortgage per cent sink.
ing fund gold BONDS, series A. dated
juno 1, 1922, and June !. 1sT. at
s9h and interest, to yield about s.12
per cent.
81, 100 900 United Fuel Gas Com.
pany first mortgage per cent TWEEN.
ty.year sinking fund gold bonds, due
January l., 1895. at ssh. to yield
about 6.15 per cent.
$3.50, 900 township Of South Orange.
N. j.. school district, ~ per cent
bonds. due serially May 1. 1927. to
1854.
$500. 900 Vermont and Quebec
Power Corporation first closed mort.
gage twenty-ysar . per can't sinking
fund gold bonds, due January 1. 1s42,
At 100 and interest.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-04-04
S1O0 SEIZURE
FEE ASSESSED
Joe Howard Case Enriches P0-
lice Pension Fund.

A seizure fee Of SlC0 was allowed in the
Joe Howard blind tiger case in city
court today by Judge Debert Q. Wilmeth.
1t was the first seizure fee ever allowed
in city court In indianapolis. The fee is
allowed in cases where automobiles used
for hauling whisky are seized by either
police or Federal officers. If the fee goes
TO the police it is turned into the pension
fund
Howard lives at sos North Belmont
avenue. He was arrested in the rear of
134 West Arizona street. when eleven
gallons Of white mule whisky was found
to having q 500 seizure fee placed
against him. was fined 500 and costs and
sentenced to serve thirty days in Jail.
when Howard gets through with that
sentence there is a warrant waiting
charging him with violating the prohibit
tion law, in Putnam County. The license
OF the automobile in which Howard
hauled his whisky was issued in the
name of Ruth Williams. IS North Belle
Yieu Place, and according to Federal
Officer Winkler he had the sheriff in Put
man County search the farm Of n relative
Of the Williams woman and a sixty gal
lon whisky still, 200 gallons Of mash and
five gallons of white mule whisky were
found. The owner of the farm placed
the blame on Howard and a warrant for
his arrest was issued. This is the charge
that awaits Howard when he gets out of
Jail.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-04-04
Improvement Shown i'm
Steel and Iron Trade
Carnegie Company Blows in Four Blast Fur
naces in Past Week.

this condition is maintained recurrence
of the low price, which recently pre-
vailed, is not expected.
Birmingham pig iron has advanced
from SIS to SIG, while Northern basic
in this district apparently has advanced
another % cents to S1825, and all steel
making grades are more scarce.
The best demand Is for foundry grades
and there have been much larger sales
for April shipments, while consumers are
now making reservations, which they
have not considered necessary for some
time Reservations entered aggregate
many thousand tons.
Production is increasing. The Carne-
gle Steel Company has blown in four
additional blast furnaces and other
stacks are to go in this month.
All companies have now marked W
their prices on semi-fnished steel.
To holders of its quarterly price adj
justment sheet bar contracts the Carnegie
Steel Company has named a second quar-
ter price of $31, against It's price Of $50
for the first quarter, and full tonnages
are likely to be taken by the contract
holders.
Recent sales of small prompt lots in
the open market have been at 500. Freight
equalized with the pearest point, but
mills generally are now quoting $31.
Merchant Lars are in better demand
and the bar mills Of the Duquesne and
Gary mills of the United States Steel
Corporation mills are fully employed
and the closed Farrell works of the Car
negie Steel Company resumed this week.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-04-04
CBy Thomson x McKinnon)
April 4

The stock market was again broad and
active today, with the volume during the
first hour the largest that we have had in
a couple OF years.
Many stocks reached new high prices.
The commission houses were again IN
usually active, Indicating u growing pub
lie interest.
The demand from this source was
sufficiently broad to permit of the alb
SOrptiOn Of considerable stocks that were
sold for the purpose OF accepting profits.
During the forenoon a rather violent
setback occurred in Studebaker, which
rad a tendency to unsettled the market
generally.
There was no good reason to be as
signed for this and, in all likelihood, il
vas the result of beariSh pressure as
ell as some Overextended long lines
-hich were being Hquidated and this
-uggeStS the advisability at this time of
lying closer attention to the technical
1nditiOn of our market
Il must be apparent to market OBJ
rvers that after such n continuous ad-
vance as we have had, the short interest
rs been either eliminated or reduced 10
Ech an extent as to be no longer a
uurce of support.
Therefore, we must be prepared for
1Ore violent reactions than We have as
ct experienced in the event of any I'M
favorable development and with this
iOUght in view we would suggest the
Jdvisability of accepting profits on at
least a portion of your holdings in the
.'ry active issues and reinvesting in
nose that have not vet participated any
SudI extent in the rise.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-04-04
Extreme Youth of Little
Shoppers Dr0Ws Attention
Betty and Jane, on Easter Tour of Stores, Are
Taken Home in City Motor.

kirk and Miss Walden home IN
oliver Both of the shoppers were de-
lighted with the arrangement and all
went well until the balloon carried by
Miss Walden hit the side of the automo-
bile top and there was pop" and it was
no more. That was one of the few things
to mar a perfect day.
do you know that want a hat with
bright flowers On it for Easter" said
Miss Walden as the automobile started
away from police headquarters. "Then I
want a veil hanging down the back Of
the hat. That would be stunning, don't
you think so?"
Motor policeman Reilly admitted he
thought it would be stunning" I'VE
knew that We would get a whipping when
we ran away" declared little Miss New
kirk, but we wanted to see the Easter
things, and if we get a whipping we
won't cry much, will we Jane?"
No." agreed Jane, but mama will
make me play in the back yard where she
can watch me-
When Parkview avenue was reached
the policemen started to walk with the
Easter shoppers to their homes, but as
Miss Newkirk's grandmother opened the
door and walked to the porch Betty
darted past her and slammed the door,
ana IL required much Cunning DelOEe bne
would unlock the door and admit her
grandmother to the house. Mrs. Walden
explained to the police that she thought
her daughter was playing at Betty's
home and the grandmother Of Betty
thought Betty was at James home, and
neither even dreamed that the two young
shoppers had wandered far away to the
big stores where, amid crowds of other
shoppers, they viewed with delight the
displays of pretty Easter dresses, hats
and toys.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-04-04

PITTSBURGH, April 4.-Both prices
and operations have improved in the iron
and steel trade during the last week.
Several makers have marked up wire
rods 50 to $3S.
Independent makers Of sheets have adj
vanced prices So per ton on both black
and galvanized. Strip steel makers have
generally marked prices to $50, and
all along the line low prices have gener-
ally been withdrawn, except where they
enter into work on which bids have
been turned in.
Wire products are being stiffly main
tanned at $40 for large lots and $3.50
for small mill lots, while a month ago
there was shading off $40.
In tin plate, there has been n frming
up with extreme concessions disappear
ing, the regular concession for large lots
being now Is cents box from the
official price of $40.
Establishing $3.50, except on small and
unimpOrtant tonnage of plates. shapes
and bars, appears to be somewhat ham
pered by the failure of the steel cOrpO-
ration to make a definite statement as
to its policy.
1t cannot be disputed that the under
tone of the market is stronger than at
atty time since early 1920. Order books
of BOTH the United States Steel COrpo-
ration subsidiaries and the Independents
in this and nearby districts are well
filled and there is at least a month $
business in virtually all lines at the
present rate of operations. So long as
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-04-04

Few Easter shoppers ever attracted the
attention of clerks in the stores or Pc
destrians in the downtown streets as
did Miss Betty Ncwkirk, years old. II
Parkview avenue and Miss Jane Ellen
Walden, 5 years old, u Parkview ave-
nue. today.
These two young shoppers visited sew
eral stores, and went window shopping"
along Washington street, viewing the new
Easter hats, dresses, and other finery so
loved by wOmank;nd. They looked with
longing eyes at the rabbits and the
bright candy eggs in a five and ten-cent
store window. Then there shopping trip
was suddenly interrupted by Traffic Off
Ger Eugene Shine. He was attracted by the
extreme youth of the two window shop
pers lie questioned them and they both
admitted that they were lost, but said
they didn't care" as they ran away from
home to see the Easter things
81 have new Easter dress" boosted
Miss Walden.
yes. and 1 have a new Easter apron"
proudly declared Miss Newkirk.
The policeman was leading each young
shopper to police headquarters so they
could be sent home.
"Oh look at the Easter balloons?"
exclaimed both young shoppers, pointing
to a large cluster of red and blue bal.
looms carried by a man on East Wash
ington street.
az want an Easter balloon" declared
both shoppers. Traffic Officer Shine
could not refuse. He dug down in his
pocket and pulled out pair Of dimes
and each shopper chose red balloon.
When they arrived at police headquar-
ters each told her home address and the
captain arranged for Motor Policemen
Reilly and Mcclure to take Miss New
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-04-04

The coppers failed to reflect the i'm
proyement in the steel group and seem
iHgly Utah, tine smelling ISSUES and other
coppers have shot their bolt for the time
being. Copper metal is not holding so
FIRMLY here as it has been and it is re-
ported that the market price Of 12H
cents for second quarter delivery can
be shaded by second hands.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-04-04
April +
(BY Thomson 4 MckinnOnO

(By Thomson x McKinnOn.)
Wheat-FirmnesS in Liverpool wheat
market was attributed to fixing of 4
higher export duty on Argentine ship
ments rather than to any improved de-
mOnd; in fact, the continentay demand
was reported slower. The early advances
in prices made it profitable to move
wheat to this market from some South
western points, although the amount of
this business actually closed was not
large. Seaboard advices indicate an
other slow day in export circles. On
this point we want to mention that 1t
is only ninety days to the new crop
and the present rate of foreign demand
cannot possibly exhaust the remaining
surplus of North America within that
time. BradStreets figures of the avail
able supply show 50000,000 larger than
last year. Supplies in sight do not
confirm previous theories of scarcity,
because of this and because Of the in
different milling and export demand,
holders of the May wheat are inclined
to liquidate In some circles there is the
opinion that if there is to be any merit
in wheat, it will be derived from pros
poets of a short crop of winter wheat.
This being so. the July delivery is
gaining favor. The increasing relinquish-
ment of ideas OF scarcity, the practically
complete absence of export or milling
demand leave the market very much in
need o. strong motive, if prices are
to be advanced. On the other hand,
weakness is not likely to materialize,
because of the poor start of the win
ter wheat crop. We are inclined to
anticipate n narrowing Of the May ana
July spread. but deem it unwse to have
decided convictions on either side Of the
market.
Corn and Oats-so far as the public
at large is concerned corn and oats
markets are neglected, the con-
sequent narrowness of volume
makes prices quite Sympathetic
with wheat Each day there is talk of
export business in corn, but it does
not show in this market. 1t is claimed
that interior points and Accommodations
in the East are supplying the demand.
Oats are influenced somewhat by the de-
lay in seeding, but demand on this ac-
count is by no means general
observation-disclosures in liverpool
prices and in hogs prompted n altered
demand in the provision list. No i'm
portant trade was under way. The
cash trade. both domestic and foreign.
is not sufficiently brisk to advance
prices to any great extent.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-04-04
SWINE PRICES
RULE FIRMER
Fair Demand Shown for Cat
tle-Veals Are Higher.
RANGE OF HOG PRICES.

With receipts around 1000, the largest
for the past month or more, and both
packers and shippers displaying fair
demands, swine prices were steady gen
orally in trade on the local livestock ex-
change today. There were, however, 4
few strong spots in the sales of mixed
hogs and a similar number of spots In
the sales of the heavier grades that We're
colse to D to 10 cents higher. These
sales, never-thele less, were strictly out
side sales and could not be considered as
coming within the trend of the general
market
There was again top of $1,000 on light
swine, while the bulk of that grade
brought around S105O61055. Mixed and
mediums sold at $10,35010.40, with a
few sales at close at $1,000 and heavies
at S10M10.35. Roughs brought $50 and
down and stays 81 and down. Pigs were
quoted at $S.5OMl0.50.
The bulk of the sales for the day
ranged at S10.3j610.5O.
Trade in cattle was rather slow, TAX
ing about the same general trend OF the
market of the previous day, and prices
ruled steady generally. Receipts for the
day ran close to 500 fresh cattle, while
there was a considerable holdover, espe-
ciallly OF steers, from the market of the
day before. Butcher cattle was fully
steady, while there were weak spots in
the steers market. Bulls, also, showed
weakness in spots.
Practically all Of the packers were
active.
Calves were 80 cents higher generally,
with receipts around 400 for the day and
shippers h0ldin" good orders.
There was top of SO on choice veals,
while the bulk of that grade sold a $3.50.
The commoner grades OF calves were
higher mostly.
With 400 sheep and lambs on the mar
ket, prices were steady.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-04-04
Mayor Shank Will
Become a Red Man

Mayor Shank, with 1000 other candi-
dates. win be initiated into the Improved
Order Of Red Men at an Eleventh dis
trict meeting, TO he held tomorrow after
noon and evening. The membership OF
the Eleventh district which includes
Marion, Johnson, Hancock, Shelby. Boone
and Hendricks Counties, numbers about
10000
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-04-04
INDIANAPOLIS PRODUCE.

Eggs-Fresh, 21@22c. Buter-Packing
stock, 14@15c. Poultry-Fowls, 17@22c
broilers, ia to 2 Id. size, soc; leghorn
broilers, at discount; cocks, 1S@14c
young hen turks, s lbs. and UP 34@35c
young tom turks, II lbs. and up, 33@35c
old tom turks, 2SG3Oc; Gull thin turkeys
not wanted ducks, lbs. and up, 1876
lbs. to dozen. $5.5O@6.OO; old guineas, per
dozen, So.
Butter-Local dealers are paying $50
39c per lib. for butter delivered in In
dianapolis.
Butterfat-Local dealers are paying 36c
per Id. for butterfat delivered in Indian
apolis.
Corn-New, per bushel 60@65c.
Corn-Old, per bushel, G0065c.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-04-04
Joy Ride Helps to
Land Couple in Jail

From Joy ride to Jail was the expert
ence Of Fred Ferguson. All East North
street, and Ethel Willis, 14O9Is East
Washington street last night. At about
IL o'clock the police received a hurry-us
call from the Indiana Taxicab Company,
224 East New York street, and on ar
irving there were told by Earl Gray, a
taxi driver. that Ferguson refused to pay
a 81 taxi bill, and had kicked the win
dows out Of the car.
Ferguson and Miss Willis were arrest
ed on charges Of drunkenness, and mali
eious destruction Of property.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-04-04
STOCKS REGISTER
LATE RECESSIONS
Studebaker Stages Comeback
During Final Hour.

NEW YORK. April 4.-The stock
ket was steady in the late dealings, al
though many issues receded somewhat
sharply from the early high levels.
Studebaker, after falling TO 114I2, raj
lied to 11JH.
United States Steel yielded to 967s and
Baldwin Locomotive was 2ls points be-
low its early high.
United States Cast Iron Pipe rose IL
points to 3Tl4.
St Paul preferred rallied l point TO
39&.
The chemical stocks held most Of their
early gains.
Government bonds were unchanged and
railway and other bonds steady.
Total sales of stocks for today were
I D., 500 shares; bonds, $40, 100000.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-04-04
Widow of Scion
Will Not Seek Office

WICHITA FALLS, Texas. April A.
Mrs. Lucien Parrish, widow of Con-
gresham Parrish, who died last week
from injuries sustained in an automo-
bile accident, has decided not to be a
candidate for the unexpired term of her
husband All the other prospective can
didates had announced their withdrawal,
should Mrs. Parrish decide to make the
race.