davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1922-12-12
MARKET
ON UPWARD
!. TREND
Early Trading Featured by
Broad Advance in Stock
Prices.
BY w. 8. COUSINS.

BY w. 3. COUSlNS.
(Copyright, 1892, by Cosmopolitan Nsws
ssrvics.)
NEW YORK, Dec. II. Early
trading in, the stock market today
was featured by a broad upward
swing in prices in practically every
section of the list. There was an
insistent demand for a good many
of the speculative favorites which
have been inactive for a week or
more, suggesting the return or trad
ers who have occupied the position
of market observers In the mean
time. No less than seven OF the
stocks went to new high price levels
for the year in the first hour, the
list including National Lead, Piggly.
Wiggly, Cerro de Pasco, May De-
partment Stores. Continental Can.
Pan-American OIL equivalent and
Fisher Body.
Early Rally.
The rally In the market which
took place in the first hour today
was. In the opinion of many Of the
leaders Of the financial district, for
the reason that only small number
OF stocks that are usually classified
ss active have thus far participated
in the advance. 1t has been felt
all along that there was consider.
able latent buying power that would
sooner or later find expression IN
actual buying orders. lifting the
market from a narrow and profes'
sional affair to a broad market en-
listing general public participation.
The record of the volume of daily
sales for the past two weeks Ia
evidence aplenty. that the public has
been ''on. the outside looking in"
In addition TO the group of stocks
mentioned above, the best buying
today was seen In the railroad and
rubber stocks. The rails were given
a boost by the continued favorable
statements relating to current de.
velopments in the affairs of the car.
rier systems. to which the assurance
of the continuation Of the per cent
dividend on Great Northern was also
a good contribution. Great Northern
was up points at 81, St. Paul pre-
ferred 2 at 36k, Pere Marquette III
at 36k, Canadian Pacific at 144k
and Rock Island at 33h.
In the rubber stocks United States
Rubber sold up nearly 2 points, Kelly.
CpTnBiiciu " dt 10 - anu neystOHe
Tire 1h at 11%.
Many Advances.
High-priced speciality stocks were
more active today than they have
been for long time. May Depart.
ment Stores pushed forward 6 points
to a new high record at 179. Fisher
Body shattered its past record at
1851. National Lead sold at 129.
American Ice was also a feature on
revival Of rumors of extra dividends
on the stock Of this prosperous oom.
pany. New Jersey Central sold up 4
points at 222h and Corn Products
at 1885.
Though slow to join the process.
sion. the steel stocks were uniformly
higher. United States Steel selling
up point at 104, Crucible up nearly
2 at 67%. Gulf States and Bethlehem
q point higher. Motor stocks rested
on the laurels won in the last few
sessions.
The jump In sterling exchange to
$4.61h overshadowed everything in
the foreign situation, and the de.
cline In call money to 4 per cent was
an indication of favorable develop.
ments in the domestic money
market.
The Washington times., 1922-12-12
Local Wholesale Pricss.

Eses-strIctly fresh, selected candied
southsrA scci cold storage 500
Live HOultry--RoosteYe, pes ib., lSo:
turksys. per ID. 4lolsc spring chickens
Pssrr ": n4 n4 ,,tci ,, ,sass. youas, each. csc
live stsSkG Calves. choice. per H.,
isNs; lamA choice. PER 10. $50; i've
b,s:::a , S.g'iis;.g;::h- 3. -ss,..:a q. :pr,ss
81 = $50: reostsrs. Per H.. iSo; turkeys
Per 10. Asesss, keats. young. each. isS
.;s; s.. yss,'s.ss'.. 81 s.:.: ,:s Nv. Nv Ss:S
ssSs;s; sS;; III a. !!;:::S M;::S': :I.S;s::ssssi's'' S;::ssi's'
si.sSS SiSSi pss sssE. is.ssoi.sS; swss; ;,i
pct.toss Ncrts cafeliss, LeeQIiI;
81; Z pst ssi sissS z z iI!; !: i:sssa: !i:'
s:i::y Ss::, Z, .s:; e: Z: g tslss: .ssssss
crate. eLse4 Aet; tomatoes, per boa
:;:;sE s:.a. ';;E:ss ::'s::s. s. = ''s': S.
vEeSy ss~~sf sI.- ftIHH a A
The Washington times., 1922-12-12
SPRlNkLES Is ACQUITTED
OF KILLING CUNNINGHAM

Thomas Sprtnkles, colored, or
trial In criminal court No. .. Justice
Bailey presiding., on q charge OF
second degree murder In connec.
ton with the death of Harry Gun.
ningharp, colored, sixty years Old,
was acquitted today. II wal
charged that Cunningham was cut
October "a, last, on the arm and
taken TO the Emergency Hospital.
After treatment he returned to
his home At 3ls Third street south.
west. and police officers, trying 10
secure him ~ . witness against
0prinkles, found him dead. The
latter claimed selfdefense. He was
represented by Attorney James A.
The Washington times., 1922-12-12
B O. n D MARKET
SHOWS FIRM
TONE
New Issues Quickly Absorbed
and General Demand
Good.
BY MONROE ROBERTS.


Copyright. 1922. by Cosmopolitan News
Service)
NEW YORK. Dec. 12.-Both In
the absorption Of new issues
brought to the market and in the
general demand for outstanding
listed bonds the bond market at
the present time 10 displaying a
very firm tone, and wherever spe-
cial weakness Is In evidence II is
accounted for by corresponding de.
velopments In the companies which
stand behind these bonds. Invest.
ment bankers report that discrim.
mating investors have been very
quick to unload the bonds Of com.
panies which show any tendency to
weaker financial conditions and that
the managers Of savings institu.
tons, recalling their past expe.
riences with certain bond issues, are
also adopting the same policy.
Considerable comment has been
heard concerning certain issues OF
railroad bonds which may not be
legal for investments Of savings
banks, In the State of New York
after the last day of December. II
must not be forgotten. however,
that all of the savings banks laws
are not patterned after those of
New York and that this State does
not legislate for any territory be.
yond It's own borders. Bonds which
are not legal for them may be con-
sidered a good investment for saw.
ings and financial institutions out
~;A1 - tko Esvx. miro Gtota nd btrVin n
demands from these sources have
come In in considerable quantity.
It 10 reported from the Canadian
government headquarters that there
Is q possibility Of the flotation of
d ne wioan in the amount OF $780,.
0O0, 900 for the use of the Cana.
dian National Railway. and that
American bankers may be asked
to participate in this undertaking
As previously reported In this col.
umn, the government itself will
require no new loans outside Its
own territory for the payment and
refunding Of it's war bonds. having
Anticipated it's requirements along
these lines in the early part OF
the year.
Sales of all listed bonds on the
New York stock exchange in No
vember of this year. according to
the Dow-Jones compilation. totalled
1910 0,s77 900 compared with 1855.
l22, 900 in October and 1897. 7.s45. .000
in November. 1921. The daily av
erage sales were: Miscellaneous
s., $50, ,70s; Liberty issues. $3.725,
s33: all bonds, $1l.2SS,641; all bonds
November. 1921. s17,301,S57. Lib
erty Loan sales fell to $S9,42o.0 .00C
against $1s3.616.000 in October and
S214,625, 900 in November. 1921
Foreign dealings. French. Belgian
British colonial and Canadian, to
tailed up $19.125.000 in November
1922 ssainst 315.729 900 In October
and S23.720.000 in November, 1921
French issues were most active,
Offering II made today Of . new
issue of $3,000.000 Kansas City
Joint stock land bank per cent
farm loan bonds dated November
1, 1872, and due November 1. 1862
at 103 and interest. yielding about
~ per cent.
The Washington times., 1922-12-12
Foreign Exchange.

NEW YORK, Dec. 12.-sterling
demand, s4.s1h; cables, S4.el y.
French francs. demand. .07l2h
cables. .0713. Lire. demand, .ob02 y
cables, .050s. Belgian francs, de
mand. .0e63tk; cables, 1854. Marks
.0O00121. Drachmas. demand, OILS
cables, .012o. Swiss francs, demand
.Oissf: cables, .01sss. Guilders, de-
mand. .oSss7; cables, .0Ssso. Pesetas'
demand. .0i557; cables, .01559
sweden kronen, demand, .026SS
cablee. ,.O2692. Norway, demand
,O1SSS: cables, .O1sg0. Denmark, de
mand, .OlO0S; cables, .02072. (
The Washington times., 1922-12-12
Resigns as Bank President.

John T. Clancey. president Of the
Peoples Commercial and Savings
Bank, today viii tender his res.g.
nation as head of that institution
to the board OF directors. This
bank, which was, organized about
three years ago bf Mr.. Clancey, is
located at Ninth and East Capitol
streets, and operates branch at
ss0s Georgia avenue. Under Mr..
Clancey's leadership the institution
has shown steady growth in the
short period of its existence. He
will retain his. interest in the bank
His outside interests, which require
ali of his time, necessitated this
move, he said. Robert b. White.
hurst, vice president and cashier
OF the bank. is expected to succeed
Mr.. Clancey.
The Washington times., 1922-12-12
Exchange Offered.
Investment Dinner.

William L. Moore and Company.
Investment bankers with offices In
the Union Savings Bank Building,
gave a dinner last night at the
Madrillon to their fifteen bond
statesmen. and presented l.. +. Cur.
tis silver loving cup as the prize
winner of he "Go-Getters" Club
Of the firm. he having made the
best selling. record for November
The Moore Company proposes to
give an appropriate prize each
month to the. salesman making the
best record during the month.
The Washington times., 1922-12-12
THRIFT GROWING
j. 5. OFFICIALS
DECLARE
Secretary Mellon Pleased With
Huge Sale Of War Savings
Securities.
Bx HARRY GusACX.

Beer Ary of the Treasury Nc a
and other Treasury Sffic.als I, Jay
aeclared themselves rs highly pleased
with the remarksoie showing made
by the GovernySsnt'R savings system
curing thu ,psst year In the sale Of
havirsSsss securities, which have be-
come n permanent feature Of the
Treasury operations.
The various offerings of savings
securities have given to all classes
or people, no matter how small their
means. an opportunity to invest In
the obligations of their Government
Secretary Mellon says. More i'm
portant still. the publicity given to
these offerings has carried the mes
sage OF economy and thrift into every
city. town and hamlet in the coun.
try, and there are few homes in
which the securities, in greater or
lesser amounts, may not be found"
Present Offering.
At present the Government Is Of
fering to the people Treasury saw.
tngs certificates, exempt from all
state and local taxation Except es.
tate and Inheritance taxes) and from
These certificates are issued In de-
nominations Of $25. 800 and $1,000.
ana sold to investors at $20.60, $32
and $500. They mature five years
from the date of issue, and II held
until that time they yield about 4
per cent interest, compounded semi
annually. They may be redeemed at
any time after one month, paying
interest on the money invested at
me rate of per cent simple interest.
Secretary Mellon takes occasion
At this time to advise the holders
or war savings certificates to ex-
change them as they become due
Tor Treasury savings certificates.
About $625,000.000 worth of these
war savings certificates are due and
payable on January 1, 1928. From
that date they cease to draw inter.
est, but the Treasury Department
has made arrangements by which
the holders of these certificates and
savings stamps may exchange them
Tor better savings security which
will be dated January l, 1928. The
offer for exchange was from No
1923.
Exchange Offered.
Under the arrangement the hold.
ers OF war savings stamps can
make the exchange and receive a
check for any difference between
the value of their stamps and the
sale price of the Treasury savings
certificates. The exchange of war
savings stamps for Treasury savings
certificates may be made at any
postoffice, or at the banks, or direct
with the Treasury Department in
Washington.
The Washington times., 1922-12-12
LixsrpooI Cotton Market.

LIVERPOOL, Dec. 12.--Limited
spot demand; prices, steady; sales,
1000. American middlings, fair.
lS.iS; good middlings, 14.e1; fully
middlings, 1l5e, middlings. 14.s1;
low, !. i1.z1; good ordinary, 1881:
ordinary. 1881; futures opened
steady. tN& lAt sl ffts
The Washington times., 1922-12-12
Cotton Market

4, NEW YORK. Dec. 1fS-Cotton
onened steady today. December,
S+.ss; January, 24.so; March, 25.o3;
Nay, 25.06.
The Washington times., 1922-12-12
rHAAaH##" i SINESS AN u FIN NCE .NM
Curb Stocks.

&Furnished by w, u. HLbbs CO..
Prlces at noon: Bid. Ask
The Washington times., 1922-12-12

1922. by Cosmopolitan News
Service.)
The Washington times., 1922-12-12
Libsrty Bonds.

by W. B. Hibss . co.
The Washington times., 1922-12-12

d. c. Paper Mfg. 6's. -.
Riggs Realty 6's DONG.
Riggs Realty SIS (shorp
Sec. Stge. & Safe Dep. SIS.
w. M. Cold Storage SIS. =.
Wardman Park Hotel 6's.
Perth Amboy evening news., 1922-09-22

such form and shall be payable principal
and interest in such medium and at such
place as may be provided by resolution
OF the Council. shall be signed by the
Mayor and Treasurer, attested by the City
Clerk, under the seal of the city, and II
the coupons for the payment of interest
be attached they shall be executed by the
facsimile signature OF the City Treasurer.
Section 3. The Council of the City of
Perth Amboy hereby determines and de-
clares:
(a) That the average probable period
of usefulness of the improvements for
which said Temporary Bonds are issued is
seventeen years. computed from one year
from the estimated date Of the completion
of the improvements and acquisition of
property for which said temporary bonds
were issued.
OBJ That the average assessed valuation
of the taxable real property Including i'm
provemeutsl of said city. computed upon
the next preceding three valuations there
of in the manner provided in Section II.
Chapter 252, Of the Laws of 1916. as
amended. is S25, ISL ,S3S.
tc) That the net debt of the City of
Perth Amboy. compYed in the manner
provided I'm said Section IL. is 81. 73S. 01S.ss.
I'D That the annual debt statement re-
quired by said Section ~ has been made
and filed. and that the supplemental debt
statement required by said section was
made and filed as therein required prior to
the mourning of the temporary debt here
Perth Amboy evening news., 1922-09-22

by authorized to be refunded.
Section 1. That there shall be levied In
each year while any of the said bonds
shall be outstanding in the same manner
and at the same time as other taxes, n
tax upon all the taxable property OF the
said city sufficient to produce the amount
Of principal and interest to become due In
the succeeding year.
Section S. Said bonds shall be sold by
the City Treasurer in accordance with the
Statute and said Treasurer shall have pow
err to FIX the necessary details.
Section 6. This ordinance shall take ef-
feet upon its publication as provided by
Section 2. of Chapter 252. OF the laws of
1916, as amended. and the City Clerk
shall have power to select the newspaper
in which It shall be published and to spe-
city the date after which the bonds shall
be issued and delivered.
introduced September 5. 1922.
Passed September is, 1929.
Approved September 10, 1929.
The foregoing ordinance was passed on
September is. 1922. and approved by the
Mayor on September 10. 1922. The bon1s
authorized thereby will be issued and de-
livered after the l1th day of October.
1879. and any suit. action or proceeding
to set aside or vacate this ordinance must
be begun within twenty days after the
publication OF this statement.
Dated September %. 1922
a. L. GRAHAM.
17602-9-22-1t city Clerk.
Perth Amboy evening news., 1922-09-22

and consists of hot roast beef and
gravy, mashed potatoes, sweet po-
tatoes, lima beano and corn, sliced
tomatoes and lettuce. pepper hash.
sliced beets, celery, biscuit, sliced
peaches, cake, coffee.
The affairs in the past which
have cen many were always freely
patronized. The ladies have ex-
pressed the wish that supper be had
with them on Thursday night.
Perth Amboy evening news., 1922-09-22
AN ORDINANCE

To Provide for the Raising of IS. 900. 90 by
the Issuance of Bonds by the City OF
Perth Amboy, to he Known as General
Improvement Bonds"
WHEREAS, the City of Perth Amboy
has outstanding temporary bonds issued
to pay the cost of the purchase of land
necessary for street purposes. and
WHEREAS, in order to pay the City
share of the cost of the improvement of
certain streets. Temporary bonds for the
entire cost OF said Improvement were here
tofore authorized. and as follows:
Purchase of land 90
Parker Street Sewer.......s101.13
Pacific Street Sever. 1859
Perth Amboy evening news., 1922-09-22

WHEREAS. the said bonds will mature
during the year 1929. and there are no
funds on hand for the payment thereof 1t
is necessary to raise the sum of sS,000.000
by the issuance of bonds to provide funds
TO redeem said outstanding temporary
bonds and expense of issuing new bonds
and other incidentals, now, therefore
BE IT ORDAINED BY II II OF
PERTH AMBOY
Section 1. That bonds of the said City be
issued in the sum of Eight Thousand Dol
lars. to be designated General Improve
ment Bonds" which shall be dated Octo-
Der list, 1922. shall bear interest at the
rate of five per centum $50 per annum.
payable on the first DAYS of October and
April of each year. and shall be in the
denomination of One Thousand C1. 000)
Dollars each. and shall mature as follows:
One Bond on the LIST day OF October in
each of the year 1928 to 1880. inclusive
Section .. That SAID bonds shall be in
Perth Amboy evening news., 1922-09-22
SOUTH AMBOY METHODISTS
WILL SERVE SUPPER

SOUTH AMBOY, Sept. 22:-The
ladies Of the Epworth League of
the Methodist Episcopal church are
busy preparing for one of their
famous suppers. The affair will be
he'll on Thursday night in the
basement of the church. A very
appetizing menu has been arranged
Perth Amboy evening news., 1922-09-22

Pearl & Mechanic st. Sew. s52.40
Barclay Street Grade -. 55.l2
Cortland Street Grade..... 1851
Grove st. Curb and Grade 1889
Alpine st. Curt. and Grade Bills
Keene st. Curb and Grade. 3s9.5S
Lawrence st. Curb & Grade 19S4.24
TOTAL ssO1s.3O
and other incidentais 49,. 4s.7O
New-York tribune., 1922-01-29
British Marines PreDare
For Clash With Chinese

PEKlNG, Jan. % (By The Asso-
ciate Press ).-Rrit'sh marines are be-
ing held in readiness to land at Han
- o'oct the salt admins stration
Office against seizure by the forces OF
General WI Pei-fu, who arc said to be
under orders to occupy it.
Liang Shihyi has rendered his res
ignation as Premier. DR.. ". ". Yen,
the Foreign Minister, who has been
acting as Premier during the absence
from, peking of LANG Shih-y, is un.
dcrstood to have refused TO accept the
Premiership on the ground that he is
needed in the Foreign Office.
Nankow is treaty port in the
Province Of Hupch. General WI is
inspector general Of that province and
was reported in Peking dispatch on
January - to have seized the salt rcye-
nu"s there.
Lang Shih-y, who has held the
Premiership Of The Peking government
only since Dccember 26, last, was re-
ported in several dispatches lately as
on the verge Of resignation as the re-
suit OF the opposition Of General WI
pei-fu, one of The strongest military
leaders in China.
New-York tribune., 1922-01-29
New Conference Plan
Fails to Stir London
Newspapers Ninimizc State.
nlcnt aud No Comment
IL Offered
i" IAc Tr'bme's European Bureu,

'Vpy'lsht fa%s. Now York Tribune Inc.
LONDON, Jan 3S.-rho lack OF in
'crcst in the Washington arms con-
iVrc"cc now being cyinccd in London
was well illustrated to-day in the Great.
mont by the newspapers here Of the
announcement from Washington that
inc permanent committee OF tho arma
mcnt conference had decided to SUM
mon another council of five great pow.
cr5 To formulate ncW rules Of var.
fare
'Ihc Pail Mall Gazette" in its earlier
ca'llons devoted the greater part OF
inc nrst page TO a Reuter- cable dis
Patch' outlining the resolution adopted
yesterday. which provided that a com.
MISSION OF ton, composed Of two repre-
acntativcs OF each Of the powers, should
meet IN Washington three months after
inc end o. the present conference. In
'atcr editions. however, this newspaper
carried the story on inside pages, heav-
ny cut, while tho only other paper
mentioning It was "Thc Evening News. y
winch allotted 1t eight lines, sand
wichcd between advertisements.
lherc has been no comment on the
resolution IN any newspaper here, but
unofficial observers hero sec in it a
move hy President Harding 20 further
the proposed association Of nations BY
combining The efforts of the five great
powers with The purpose Of achieving
tang bic results
New-York tribune., 1922-01-29

astated regions. Tho badea
agreement was concluded in this spirit.
Germany also Is prepared to coocluie
agreements with the other Allies r.
garding deliveries in kind
Tho note concludes by tho deciara
ton that the recurring monthly or
quarterly payments IN foreign cur
rency greatly hamper Cermany's =
forts TO put hor finances IA order. and
that the restoration Of the world's col
hdence in Germany's credit IS a pge
requisite condition for thc complet'
discharge of her rcparation payment
The German government. therefore.
is OF the opinion tha. tho scttlemen
Of the reparstions payment for 1922 h.
only the first step on the way . q sol1.
tion of tho entire problem If this
not given consideration. the uncer
tainty regarding 1873 VIII exercise 81
pnralyzing effect also on the oconom'r
and financial position Of the Allies
Tho German government bcgs sao
Reparations Commission to note par
ticuiarly its concluding remarks 50
That :, way 10 restoring Gcrmany's in
tcrnai and external cred.t may be found
and big PREPARATION loan made 20 sIbie
by the international corporation
The note includes four append.cr
with data respecting TIE German taxa
ton system, the budget. the abolition
Of food subsidies and reform Of tie
postal and telegraph services.
New-York tribune., 1922-01-29
No Cash to PAY
Preparations, Is
Plea of Berlin
Continued from psso ons)

burden imposed on consumption. II Is
asserted, il at least equal to that in
other coUntrics
In explanation Of Gcrmany'y fnan-
cial position, the note states that cncr-
Eetic measures viii be taken against
the removal Of capital abroad and the
evasion OF taxation. such ar the abo-
hton Of the obligation to secrecy i'm
posed on banks, and control over the
ownership Of securities deposited with
banks. 1t explains that the railway
rates, compared with prc-war conai-
tlons, had been increased uiuctcenfold
Tor passengers and thirty ytwofold for
freight; the postal and telephone rates
we're Increased twenty oncfold.
The food subsidies for 1929 viii
amount to only 100000, 900 paper
marks, rs compared with $3.50, ,O0O, ,OO0
previously. The price OF bread soon
system OF insurance for the urcm-
ployed at the expense Of employers and
employees will be introduced, to re-
place the existing relief system.
Internal Loan Planned
The ordinary budget shows, with
revenue Of 1O3,200,000, 900 marks and
expenses Of 5000. 900 900 marks, sur
plus Of 16,500, 100000 available for rep
aration payments. With the object Of
reducing the floating debt the govern
ment will raise an internal loan this
year apart from the compulsory loan
already agreed upon. The compulsory
loan VIII be homecoming and is In
tended to finance the reparations due
in 1929 without increasing paper circu-
lation.
Cone section missing).
1t is absolutely necessary, if the mat
ter is viewed from an economic stand
point, the note continues, that Germany
should, at least for 1922, be relieved OF
all cash payments on account Of rep
arations.
The German government recognizes
that economic and financial considera-
tloAs must yield to political necessities.
= 1t refers to the figures taken into con-
slderation at Cannes by the Allies,
namely, 720,000O00 gold marks in cash
and 1,450,O00,000 gold marks in kind,
and requests reduction in the cash
payments, increasing, if necessary. the
payments in kind.
1t also proposes that the costs Of
occupation should be credited to the
total sum in cash and kind paid in
1922, and that the other obligations in
foreign currency ar sing from the
peace treaty, especially clearing house
obligations, should be mitigated
Ready to Aid Restoration
Germany reaffirms her readiness to
collaborate by all the means in her
power IN the restoration of the dey-