davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1922-05-09
Oil Stocks.

Furnished by w. B, Hlbbs a Co
p.inn. a. nnnn. pid | A Ell
The Washington times., 1922-05-09
DETROIT BACK
ON FULL-T|ME
|. FACTORY WORK
Auto Manufacturing City Re-
ports Prosperity Near Crest
of Wave Again.
BY International New. Service.

DETROIT, My 9.-Steady improve
ment in the automobile industry
here is reflected in the employment
riding the crest OF a wave OF pros
perity. Employment agencies for
the first time in eighteen months
report a slight surplus OF jobs over
the number of work applicants.
Rooming houses, the Y. NJ G. A.
and hotels of the moderate TatSs all
report keen demand for rooms from
men returning to the city in search
Of employment.
The demand for automobiles is TN.
precedented, the heads of Detroit
factories declare. With the Ford
Company taking the lead, all the au.
tomobile concerns are expanding
daily Thousands Of men were given
employment during the month OF
April, and unless the demand for
cars takes a decided slump several
thousand additional men, particular.
ly those OF the mechanical typC will
be assimilated during May.
Edsel Ford, president sf the Ford
Motor Company, said the company
increased it's employe list by 5000
during the month of April. Tn" Pack.
ard company announces 1t will take
on 1000 men during May TO provide
for Increased production. One hun
dred men are being given employ.
ment every day at the Highland
L a. =, and River Rouge plants OF the
Ford Motor Company, and this
policy will be continued as long as
workers can be assimilated, Edsei
Ford announced.
More than $500 additional EN-
ployes will be put to work by the
Fisher Body corporation on compile
ton of its $4,000 900 addition to the
West End plant, officials announce.
Building operations in the addition
are nearly completed. The total en-.
rollment of the plant after the new
unit is in operation will he approx.
mately 10000. The addition itself
is 1000 feet in length and six stories
high, with a floor space OF 65O,Oo0
square fet.
The Washington times., 1922-05-09
MEN To
CONFER With
HOOVER MAY z
Conference viii Study STAN
dardization and Grade
( Marking Of Lumber.

Standardization, grade marking OF
lumber, and other trade practices,
will be discussed at a conference to
be held during the week Of May 22
between Secretary of Commerce
Hoover and prominent rpembers OF
the lumber industry, II was an
nounced today.
The conference Is to be held as a
result of a statement made by Sec
retary Hoover at the annual conven-
ton OF the National Lumber Manu-
facturers' Associationsin Chicago, on
April 4, that he would welcome the
appointment of a committee Of lun-
bermen TO confer with him on stand
ardization and other trade practices.
The humber manufacturers will be
represented by prominent men from
the subscribing regional associations
of the National Lumber Manufac-
turers' Association. They will be
Joined by delegates from the Ma
tional Hardwood Lumber Associa-
ton, which I'm the matter of inspec-
ton and certification of grade has
made more progress toward nation
wide recognition among lumber
buyers and consumers than any
other association.
Lumber manufactures who will
meet with Secretary Hoover at the
conference beginning on May 22 are:
Harry T. Kendall, J. T. Scanlon, Nj.
r. Nelson. w. T. Murray, Southern
Pine Association: w. ii. Sullivan,
Southern Pine Industry: a. C. Dixon.
J. Fl. Bloedel, L. q. Griggs, West
Coast Lumberman's Association; f.
ii. Ransom, West Coast Industry; T.
A. McCann. l.. s. Case, J. =. McGold-
rick, 4. II. Polleys, Western Pine
Manufacturers Association: J. II.
Browne, Harold Knapp. w. X. Nc
MILAN. California Redwood Associa-
ton: w. J. Walker, California White
and Sugar Pine Association: w. c.
Sherman. Georgia. Florida Sawmill
Association; w. l.. Saunders. Michi.
gan Hardwood Manufacturers Asso-
citation: Charles Hill, Thomas o..
Berry, North Carolina Pine Associa-
ton: II. c. Hornby, Northern Pine
Manufacturers Associations; c. A.
Goodman. Edward Hines. North rru
Hemlock and Hardwood Manufac ar
ers Association; II. b. Hewes. Sou.
ern Cypress Manufacturers Ass lcia.
tion; Horace Taylor, Earl Palm,y. }
W. Mcclure, National Hard ood
Lumber Association.
The Washington times., 1922-05-09
STOCKS SHOW
SLIGHT DROP IN
|. DULL MARKET
Stocks Inclined Toward Lower
Prices in Heavy
Market.
By w. s. COUSINS.
tcopyrisht 1892. by Cosmopolitan News
Rarvira

Copyright, 1892. by Cosmopolitan News
service.)
NEW YORK, May s.--Most Of the
active stocks in the morning session
Of today's stock market were dull
and heavy and inclined toward lower
prices. The market showed no dis
turbing weakness, however, ano,
while the declines extended through
out the whole list, the range OF fluc'
tuations was quite narrow. The
two speciality stocks which moved
contrary to the general market trend
were Coca Cola, which gained nearly
points to 5S%, and United States
Realty. which moved up to a new
high at 89&
The Street paid little attention to
the LaFollette resolution in the Sen
ate. asking for the purpose and
probable effect OF the" proposed mer
ger Of the seven independent steel
companies, and whatever weakness
was exhibited In the steel stocks was
not attributed to this cause. Repub'
lie scored an early advance to 65A
Crucible was steady at 67%, and Mid
vale at 81 throughout most of the
morning session.
The first hour was featured by a
comeback" of some of the stocks
which had been most heavily de-
pressed at the previous close. notably
Barnsdall and Houston OIL. Baldwin
Locomotive sold down over points
from yesterdays high at 114h; Ma
rine preferred at S2&, compared to
its recent high at S7%: American
Locomotive at ia: Brooklyn Rapid
Transit at 21h; Texas OIL at AZ: Mex
lean Petroleum at 128%.
The Washington times., 1922-05-09
Chicago Grain Market.

CHICAGO, May 9.--May wheat
opened steady to firm and the de
ferred deliveries easy.
Corn m and .a..ss oats were were tripe ,s, eas,
small with sentiment mixed. Trad
ers were inclined to stay close tc
the speculative shore, pending the
posting of the Government report
after the close today on the acreage
condition and prospective yield oi
winter wheat and rye this year.
PROVISIONS were slow and steady
Estimated receipts were for a mod
crate run Of hogs.
The Washington times., 1922-05-09

Copyright, 1884. by Cosmopolitan Ne,
Servioe.)
The Washington times., 1922-05-09
May Borrow $7,635, 900.

The Chesapeake and Ohio Railroad
was granted authority today by the
Interstate Commerce Comlssion to
assume liability for. s7.6Ss,oOo Of
Chesapeake and Ohio equipment
trust certificates by entering into a
lease and equipment trust agreement
with the Comercial Trust Company,
of Philadelphia. The certificates
will be sold at 9S per cent of par and
the proceeds used in the procurement
of certain equipment.
The Washington times., 1922-05-09
NEW OFFERINGS
ARE PLACED ON
BOND MARKET
industrial Bonds Predominate
in Today's New Issues,
TotaIing 8 Millions.
BY MUNROE ROBERTS.


(copyrisht, 1881. by Cosmopolitan News
servioe.)
NEW YORK, May s.--An under.
writing syndicate, composed of Kid.
der. Deab0dyH& Co.; Guaranty Com
pany. J. and w. Seligman & Co,
and Grayson M. p. Murphy & Co.,
has been formed to underwrite
new issue of s10,500, 900 Interboro
Rapid Transit Company per cent
notes to be used under the read
Justment plan of Interboro- -Manhat-
tan relations.
Industrial bonds predominate in
today's new offering, which aggre.
gate about $S,000,000 and include:
100000 first mortgage twenty
year per cent sinking fund gold
bonds of John Dunlop's Sons, Inc,
at par and interest. They are re-
deemable in whole or. in part, at
107h.
si.5oo. 900 struthers Furnace Com.
pany first mortgage sinking fund 8
per cent bonds at par and interest.
They are dated May ], 1929, and
mature May /, 1s42.
One million five hundred thou
sand dollars Continental Gas and
Electric Corporation 25.year 8 per
cent refunding mortgage bonds
dated April l, 1922, and DUE April
!, 194f.
Two hundred and fifty.seven
thousand one hundred dollars Ber-
rem County, Mich, 5h per cent and
8 per cent highway Improvement
bonds dated May 1, 1922, and due
serially from 1924 to 1882. The is.
sue is In three parts. in yields from
AIS to per cent.
Four hundred thousand dollars
Holston Corporation per cent
realty and collateral trust converts.
BILE notes due April 1, 1925, on a
$50 per cent basis. These notes
are guaranteed, principal and in.
,terest, by the Carolina, Clinchfield
4 Ohio Railway Company.
One hundred and forty-nine thou
sand dollars Hackensack, N. j., 5
per cent Improvement bonds dated
March !, 1895 to 1943, at prices to
yield 4.20 per cent. ..
Four hundred thousand dollars
Hamilton County, Tenn, coupon 5h
per cent school and bridge bonds
maturing May l., 1947, at prices
to yield AZ per cent.
A New York banking syndicate
is. Offering "A block of Philippine
government 5h per cent public i'm
provement gold bonds, due in 1914,
at prices TO yield 4.75 per cent. The
bonds are exempt from all Federal
income and State taxes.
Dillon, Read & Co. are offering
Province Of New Brunswick bonds to
the amount OF $4,000, 900, consisting
OF 81 100000 5h per cent refunding
bonds. due in seventeen years, which
are offered at a price to yield 5.15
per cent. and an issue of $500, 900
refunding per cent bonds, due
serially from 1922 to 1862, at a price
TO yield approximately $40 per cent.
Some idea of the change which
has taken place in the money and in
vestment market may be obtained
from a comparison Of the land bank
issues. The block offered last sum.
mer, on which the coupon was sig
per cent, did not move rapidly. 1t
was two to three months before the
books were finally closed on the
issue. The next to last offering, on
which the coupon was 5 per cent,
went much better. The new series
Of $4,000, 900 Az per cents were all
sold yesterday, and probably as
many more allotted firm" TO the
participating bankers, and in some
cases subscriptions were received by
them in excess Of their allotments.
The Washington times., 1922-05-09

these figures with deposits on May
which totaled $2.0S2, ,691.69.
The Washington times., 1922-05-09
VIII Celebrate Anniversary.

The Mt. Vernon Savings Bank
will give an informal dinner Monday
night at the Harrington Hotel in
celebration of it's second anniver
sary. Officers, directors and EN-
ployes Of the bank will attend.
The Mt. Vernon was organized or
May is, 1920, and at the close OF
the first business day boasted de
posits Of $379,9S2. What rapid
strides the institution has made car
be gathered from a comparison OF
The Washington times., 1922-05-09
Cotton Market.

NEW YORK. May 9.-The cotton
market was strong at the opening
today and prices advanced as much
as a. points on some contracts.
May opened at 2O.35, up Al; July,
1885, up 43: October 1880, up 27;
December, 1890; January, 1856;
March, 1851.
The Washington times., 1922-05-09
Road to Improve Lines.

In order to secure new capital
to electrify a portion Of its lines
and to enlarge its terminal facili-
ties in the vicinity OF Chicago, the
Illinois Central railroad today asked
the Interstate Commerce Commits.
sion for authority to issue s10,929,. ;.
600 Of preferred stock.
The Washington times., 1922-05-09
Transit Company Earnings.

Continued gains in the earnings o1
the Washington Rapid Transit Com
pany were reported in the April
statement of the company submitted
yesterday to the Public Utilities
Commission. Net corporate income
last month amounted to $3.652, as
against $8,441 for March, and a de
ficit of So, 1887 for April, 1921. Opera
tien revenues last month totaled t23.
900. while total expenses were $50.
200,
The Washington times., 1922-05-09
Foreign Exchange.
SALES.

NEW YORK, May 9.-Sterling,
demand, 4.43A; cables, 4.44k
French francs, demand, .0909;
cables, .0909h. Lire, demand,
J529h; cables, .0530. Belgian
francs, demand, .0S25; cables,
.0S25h. Marks, demand, .00341s.
Drachma. demand, .0453; cables, .0455.
Swiss francs, demand, 1929; cables,
1891. Guilders, demand, 3S.40; ca
bles, 3S.45.' Pesetas, demand, 1859;
cables, 1854. Sweden kronen, de-
mafid, 25.75; cables, $3.50. Norway
kronen, demand, 1873; cables, 1878.
Denmark kronen, demand, 21.20;
cables, 21.25.
The Washington herald., 1922-06-08
BIG WESTERN RAIL MERGERS
AND TRAFFIC WAR IMMINENT
Union Pacific and Central Pacific Combination
Rumored in Wall Street.

NEW YORK, June 7.-Reports
that secret plans are being made To
effect two big railroad mergers
involving several big Western lines
are circulating in Wall Street.
The proposed consolidation are said
to be steps toward mobilization for
a big war to control the trans
portation of the western half Of the
United States.
The mergers reported to be pend
ing may prove to be two ends or
the-sam project. One merger being
negotiated, II is said. is between the
Union Pacific and the Central Pa
cific and the other between the Chr
cago and Alton and the Missouri.
Kansas and Texas
omcials Are Reticent.
Consolidation Of the Alton ana
Katy would give through pas
senger service and freight service
from Chicago TO the Gulf and would
cut seven hours from the passenger
schedule through this territory. The
Union, Paciffc-Central Pacific COM
The Washington herald., 1922-06-08
Old Bill Thrilled
As Sight Returns
Blind Thirty Years, Sees
Ii Again a Bapaages .Ars
Removed.


CHICAGO. June Thrills that
come but once in a lifetime shot
through the feeble frame of "old
Bill" Rabe today. With a hand
trembling with excitement. slowly
she lifted the black bandage that
covered his eyes.
Il can see, ] can seet" he shout
ed as he tried to arise from the
bed and began cropping outward as
the blurred vision of objects in the
room impressed themselves upon his
brain. That's a chair over there"
pointing with shaking finger
ITS Jinn's chair-and here's my
table, oh. thank God"
The physicians and nurses put
the bandages back again. and "Old
Bill settled back on the pillows.
New youth was softening the lines
In the face of the aged beggar
who for thirty years had been blind.
standing with his battered tincup
and patient smile and his sightless
eyes at the entrance to Chicago
Commons. waiting for the aims Of
the kindly.
Two weeks ago he was operated
on at the Illinois Charitable In
firmary 1t was a long chance. but
the surgeons and old Bill" took 1t,
and results today justified their
faith
The Washington herald., 1922-06-08
Rev. Lucius C. Clarke
Is Appointed Chancellor

Reverend Lucius c. Clarke, execu-
tive secretary Of the WASHINGTON
Federation of Churches. yesterday
was elected chancellor by the board
OF trustees of the American uni
versity to succeed Bishop John W.
Hamilton, who resigned Bishop
Hamilton is now chancellor emeri-
tus.
Rev. Clarke. who was born in
Iowa, was graduated from Cornell
University in 1893. In 1897 he was
graduated from the Boston Univer-
sity with an S. T. B. degree, and
in 1908 an honorary degree Of doctor
of divinity was conferred upon him
by the Upper Iowa University. Or.
Clarke was founder of the School
of Religious Education in Iowa Unf-
versity. said to be the hrst of fits
kind established in this country. The
new chancellor came to Washing
ton nine years ago as minister OF
the Hzmline NJ. z. Church. He Ia a
member of the Bannockhurn Golf
Club. the Fortnight Club and the
Theta Sigma Club.
The Washington herald., 1922-06-08
SHORT time LOAN
BAD FOR GERMANY,
SHINES BELIEVES
Industrial Leader Says
New Financial Condi-
tion Must Be Created.

BERLIN, June IA breathing
spell" loan to Germany by the allies
would be Injurious and would only
intensity her present misery. in The
opinion of some German fnaneiers
and industrial leaders, notablyHugo
SHINES. who probably has more en-
terprises in operation now than any
one man in Europe.
This view. emphaticalls expressed
by SHINES in a speech to the North
west German economic conference
at Essen. attracted attention here
in view of the bankers meeting at
Paris.
Germany, he said. must produce
1000, ,000. 900 gold marks II she Is to
live. A new financial condition
must be created and "extortionist"
creditors converted into bona fde
creditors, the German magnate de-
clared.
Otherwise. Germany will betray
her creditors one day. because they
must be betrayed unless the new
conditions are created" he added.
urging a final fNation of the terms
Of the German war debt.
A short-term loan such as the
international bankers at Paris are
considering would temporarily sta
bifize the mark. SHINES admitted,
but he questioned whether industry
could stand II.
The burden of allied military. oc-
cupa ton is retardins restoration of
Germany. he asserted. protesting
against the use of bayonets and
black troops to govern Germany.
with whom the allies have conclud-
ed peace" Moreover, he added. the
heavy cost of the allied missions
who are established in German ter
ritory by the Versailles treaty is
.hindering productivity.
"The loan negotiations may result
in good by serving to regulate Eu-
ropean affairs, but a small loan to
Germany would intensity the pres
ent misery of the country" SHINES
declared. s
The Balkanizat tion of Central Eu-
rope was strongly deplored.
The Washington herald., 1922-06-08
1000 Disabled Soldiers
Feted at White House
President and Mrs. Harding, General Pershing
And Commander Holmes Form
Receiving Line.

Democracy. the democracy OF the
hospital. reigned upon the clipped
stretches of the White House lawns
yesterday. Khaki and blue. bulged
with bandages here. swinging loose
and empty there. clinginG on
crutches and crumpled in chairs
made BACKGROUND for the colorful
summer frocks of women.
Disabled veterans of the world
war from the hospitals of Wash
ington and contiguous territory, in
Guiding Fort McHenry. Evergreen
Institution for the Blind at Perry
willie. Md: Soldiers Rest. at Gull
pepper. Va: st. Elizabeth's, Walter
Reed. Mount Alto. Naval Hospital,
Silver Spring training center and
the Carryon Club. were the guests
of President and Mrs. Harding at a
garden party. Nearly 1000 were
present
The men wandered about the
broad grounds. some of them a lit
tie awed. but not the noisy. laugh
ing youths one expects of the TWEEN
ties and early thirties. Pretty
nurses in blue and white uniforms
attended them. Fifty girls from the
Veterans Bureau Representative Of
the forty eight States, the District
of Columbia and Hawaii. assisted.
Beautiful Scene Presented.
The Marine Band On a platform,
refreshments served from stands
covered with awnings striped red
and white like candy. formal serv-
ants. immovable in their compo-
sure. and a sprinkling of women in
the fippant accoutrements of sum-
mer. made a serene II rare picture,
placed as IL was between the classic
porticos of the Executive Mansion.
The Washington herald., 1922-06-08
SLOW TOcO-oPERATE?BE BECK
HURLS REBUTTAL AT BRITISH
Solicitor General, at Pilgrims Club, Answers
Lloyd Georges Reflectioson US.

LONDON June 7-Speaking the Pilgrims Club tonight
before gLeng of lords justices ambassadors and
knights Solicitor General James of the Department
Justice took direct issue with Prime Minister Lloyd Georges
parliament that the United States gave
advice freely Europe, but slow to cooperate.
"We cooperate when the blood Of
army youth and of
tenth of all trease-to to the relief of the
allies" thundered Mr. Beck amidst tremendous applause.
1--WE were in operation when with every nation
staggering taxation while fortunately
ber off voluntarily reduced expenditures of
Washington. 1t is not fair accuse of offering
advice and telling should do The President
recognizes for may be the best policy for United
States necessarily that of other nations
Europe's
with Russia under the present government
may right believing that long LeniY Trosy
unhappy people by the living God will
anything do with them"
The Washington herald., 1922-06-08
POWERS CONFER
TO HELP CHINA

PEKIN. June informal meet
ings are being held here by dtplo-
mats representing the powers taxi
ing part In the Washington confer
encc to consider methods for Garry
ing out a resolution pertaining TO
a reduction of surplus military
forces in China. Oficial records
show that more tehan 100000 SOL
diers are under. arms in China, pre-
venting the unfhcation of the coun-
try and the formation of, a repre-
sentative government. -.
Gen. Ii Yuan Hung refuses to as
sumo ofice until the military off,
cials are eliminated and the troops
disba nded. Evidently the purpose
'bf the powers is to lend friendly
hand in accordance with the results
of the Washington conferences.
The Washington herald., 1922-06-08
COOLIDGE VALUES .
LEAGUE AS MOVE
TOWARD HARMONY
Lauds Four-Power Pact
Before Graduates of
American University.

while we may differ as to some OF
the necessities Of the league of ma
tions, its terms and provisions, we
may yet recognize IL as a distinct
effort on the part of the leading ma
tions of the world to bring about
spirit OF harmony and tolerance
in the world" declared Vice Presi-
dent Calvin Coolidge in an address
at the eighth convocation of the
American University yesterday.
Mr.. Coolidge, in reviewing the
historical documents Of the world
that have aided in bringing about
better understanding between ma
tions, said the four-power pac,
would be a great agent for good in
the future.
Per.hinE Pay. Tribute.
Gen. John J. Pershirg paid a trib-
ute to American University and its
professors.
The exercises were opened by an
invocation by Rev. ]. J. Muir. fol-
lowed by the reading Of the Scrip
lures by Rev. John r. Edwards
Bishop John W. Hamilton. chancel-
lor of the University. presided
Right Rev. Charles r. Brent, of Buff
falo.' n. Y. spoke.
Music was furnished by the
United States Navy Band.
The following degrees were con-
ferred: Master OF commercial sci.
ence, Lee Somers; master of science
in chemistry. Ernest william Guern-
sey. Herbert John Krase. Norman
William Krase, Oliver Reynolds
wulf; master of arts, Samuel Po,
Garden and Raymond Alexander
kelser; master of arts In diplomacy
Abdul Sula: master Of laws in diplo-
macy, Narciso Estrella Frasqueri
Edward Funston New. George Cur.
tbs Peck, Hugo V. de Pena, Mauric,
Edward Salisbury; doctor Of juris,
prudence, Stuart Lewis: doctor OF
civil law, William Lawrence Clay
James Lane Donahue. william
Thomas Hammack. Wilson Formar
Harper. Rosahe Gardner Jone.
Harry George Mellon. Lowell Will.
lam Raymond. william Franklir
Sickle; doctor Of philosophy, Joseph
Herbert Ford, Carl Holiday, Charlie.
Emile Morganston.