davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-10-04
Upward Trend
Continued in
Stock Prices
Market Closes at Annrox;-
n,ately Best Prices After
u Hesitation; Appears to
Have Inherent Strength

buying operations on the stoct ~
change yesterday went further than =,
any preceding session since tbo NO, :
upward movement was halted early in
Ssptemner. The fact that the market
after showing some hesitation aronr ]
noon, closed at approximately tho
pest prices Of the day gave rise r.
discussions as to whether or not the
ieae1ionary trend was definitely over
ana another upward movement is
beginning. "
The failure Of British and French
exchanges to keep pace with the ad.
vance IN security prices suggested the
tnougnt that the favorable Far Eastern
news regarding the Mundan;a cor.
ference was not the only factor e
account for the strength in stocks
advances in the active list ranpinp
from point to more than eight points
offered the possible theory that the
recent reaction had been caused m,
only by substantial volume of liou;da.
ton OF long stock, but that traders
had underestimated the inherent
strength of the market by selling too
freely in anticipation of further fall
Sterling ended the day only frac-
tionally higher, while francs were un-
changed. Further Improvement in the
scandinavian exchanges was attributed
to European buying, although it's
strength in some quarters was believed
TO be due to security sales and the
transfer of international balances
German marks were again offered at
substantial concessions due to the ever
increasing supply of the inflated paper
currency.
A feature Of the days domestic news
was the publication of the regular
monthly government cotton crop report
The report, showing a condition of so
per cent and, an indicated crop Of TO-
$4,000 bales. was closely in line with
recent forecasts and was believed to
have had little effect on the days mar
ket fluctuations. The closing was steady
at net advances of 81 to al points.
At the Stock Exchange the outstand-
ing feature of the general advance was
the spectacular rise in Standard Oil of
New Jersey, Standard of California
and Delaware, Lackawanna & Western.
There was continued talk Of special dis
tributions by the Standard Oil group,
which served to further whet the specu-
lative appetite, while the jump Of 7
points in D., L. & w. shares was con-
nected with statements that block of
10000 shares had been taken off the
market through private sale. Total
sales of stock amounted to $4,000
shares.
Bonds moved upward, but in less
spectacular manner than stocks,
domestic issues being more in favor
than the securities of foreign govern
ments and municipalities.
Wheat prices moved upward, closing
q to 1ss cents higher, despite the
indications of an approach of peace in
the Far East.
New-York tribune., 1922-10-04
In Wall Street
Standard Oils at New HIGHS

With the market again in position
Yesterday to encourage operations for
the rise, it was the Standard Oil shares
that featured, although practically all
the active list showed substantial
gains at the close. Standard of New
York, on the curb, and Standard of
California and New Jersey on the "big
board" however, far outdistanced their
nearest rivals in the extent of their
advance. New York leading with net
cilalh of is points at 562, after touch
ing new high for all ting OF 577.
FROM the standpoint of volume of
trading the activity in the shares of
the California company eclipged the
others. while the stock also made a
net gain of points to a new high
price Of 1913. Standard of New Jersey
advanced 7 points to 204, also new
high.
New-York tribune., 1922-10-04
What's S Behind
Acfive Stocks?
ll4-American Linseed

The American Linseed Company,
the largest manufacturer of linseed
oil and it's products in this coun-
try, was formed in 1898 as a con-
solidation of the National Linseed
Company and a number Of inde-
pendent companies. Its products,
other than iinseed, are varnish, OIL
cake, oil meal and crushed flax
seed. The company's nine active
plants and other properties, to-
gether with patents, trade marks
and goodwill, are carried at S36,-
$4,000. As of Dece mber 81, 1921,
net assets applicable to the S1G,-
10000 common stock amounted
to s21,613,0o0, or $4,000 a share
This computation includes the in
tangible items, such as good will
and patents, which are not carried
separately in the balance sheet.
The common stock is preceded by
S16,75o,000 of 7 per cent non-cpmu-
latiye preferred stock. No divi-
dends have been paid on the senior
stock since the middle Of 1921 and
nothing was paid in the period
1901 to 1915, The only dividends
ever paid on the common we're u
per cent in 1919 and 1921 and 8 per
cent in 1920. AT the end of 1921
current assets exceeded current iia-
bilities by st,ss5.500s The company
had no funded debt, but listed more
than S8,000,0000 bills ard notes pay
able. Surplus of the American Lin
seed Company and its subsidiaries
on December 81, 1921, totaled s4,-
S63, 200, as compared with S10,i86,-
900 at the end Of 1920, the differ
ence representing the deficit sus-
tanned in 1921 after dividend pay
msnts. In the 1oh years ending
with 1921 net earnings averaged
4.65 per cent year on the pre-
ferred stock. Range of common
stock since 1910: High, 85 in 1920;
low. 8s in 1918; yesterdays
close. 39h.
New-York tribune., 1922-10-04

Bank Clearings = Bank clearings at
New York yesterday were: Exchanges,
$I,o3l 100000; balances, ss8,Qoo,ooo
Silver - London, 35 Tiled; New York,
domestic bar, 99Ac; foreign, 6s%c;
Mexican dollars, 53c.
New-York tribune., 1922-10-04
Distribution Rumors Revived

at was Only natural that the spec
tacui&r strength in the Standard Oils
should revive rumors of im,end;ng
benefits to stockholders in the wav of
special distributions. A week ago the
street was all set to hear that the New
YORK. company had declared big stock
dividend, which would provide for q
splitting up Of capitalization into units
OF SIS par. value. A meeting of tho
directors was held, but it was asserted
by member Of the board that the
matters discussed were only routine"
Neverthe eless, the Street persists in the
belief that there is more than mere
speculation behind the continued
strength of the stock, and it is pre-
pared to hear at almost any time Of
important action in the interests of
shareh olders.
New-York tribune., 1922-10-04
Allied Chemical Dividends

Following a 3-point rise in Allied
Chemical and Dye common on Monday
traders came r into the market with
proht taking orders yesterday and
marked the price down while stocks in
nearly every other quarter were max
ing further recovery. . On the day after
Labor Day Allied Chemical touched
9lA, the highest point on record, and
on the reaction last week it reached 3
level of 1914 At S4 yesterday observ-
ers whose point of view is not obscured
by position in the market for this
STOCK were asking more pointedly than
ever before why this stock should sell
on IA per cent basis. The question can
De answered in the same general terms
applying to numerous active stocks, not
the least important of which are the
Standard Oil issues. The answer. as
readily supplied by every one at ali in
terested, was that the stock is not
selling on the basis of the present
dividend rate. but on prospects of extra
advantages. that may accrue to the
stockholders. The history of all mar
kets recovering from a period of de-
preston is replete with such incidents.
The present $4 rate on Allied Chemical
IS compromise between the condi-
tional promise of SO a share made by
the consolidation committee in the fall
of 1920 and what the conservative man
agement would rather have paid during
1921 when earnings We're reduced to
1854 a share. The committee was felt
CALLED upon to give the stockholders
of the five merging companies an idea
of what the enlarged company's stock
would yield. Accordingly, it was stated
in 1920 that the Sc rate would be de-
clared if earnings continued at the
present rate (the 1920 rate), or words
to that effect. There was a slump In
earnings, but now there has been sufl-
cient improvement to justify stock
holders-or traders-recalling the orig
inal promise.
New-York tribune., 1922-10-04
Jersey Company Shopping for Oil

The drastic falling off in its Mexican
production has caused the Standard
on Company of New Jersey to shop
around among American producers to
Yep up the supply for its refineries.
This gave rise to reports Yesterday
that the company was negotiating with
the Standard Oil Company of Cali
lorna for its output. This was off
clally denied, but it was learned that
the New Jersey company has ordered
three cargoes from the California com.
pany, the total amount of which ia in
excess of 100000 barrels. The shin
ment will come East by way Of the
Panama Canal and thence up the coast
to the big rehneries at Bayonne.
New-York tribune., 1922-10-04
Delaware, Lackawanna & Western

Reports were confirmed yesterday
that block of approximately 10000
shares Of Delaware, Lackawanna &
Western stock, which had been held by
an al estate, had been sold privately.
Brokers who have been watching the
market action of D., L. & w. said that
the stock has been held back because
OF this big block overhanging the
market. Yesterday, however, the shares
moved forward vigorously and by the
close had scored net advance of 7
points The identity of the estate
holdlng. the 10000 shares was not dis
closed, but it was stated that the stock
vas not part of the holdings of the
late William Rockefeller, as had been
rumored in the Street. ~.
New-York tribune., 1922-10-04
Bad Order Locomotives

Locomotives in bad order on Septem-
Der L stood at 800 per cent of the
total, according to figures compiled by
the car service division of the AmeYi-
can Railway Association. This COM
pared with 3o.3 per cent on August 15,
2S.5 per cent on August /, 24.4 per
cent on July Is, and 22.5 per cent on
July /, when the railway shopmen's
strike went into effect. On the first of
last month 4,290 locom otives were on
line, of which 44,5O1 were fit for
service.
New-York tribune., 1922-10-04
Transactions Yesterday in Listed Stocks
Summary of Stock Exchange DEALINGS
STOCKS

eCVFsr1sHt' I9ss. New York Tribune Inc,
New-York tribune., 1922-10-04
The Dollar in Foreign Exchange

Exchange rates on European centers
displayed an improved tone yester-
day with few exceptions. German
marks were' again in supply and were
offered at substantial concessions.
Other continentals, however, ruled
firmer, along with sterling, which
gained half cent at $4.40 for cables.
Chilean pesos were weak, but Far
Eastern rates showed tendency to
rac0yar
New-York tribune., 1922-11-03

loss that cannot be measured. Active
IN many enterprises, his counsel and
influence for good had weight that
makes his place untillable.''
Howard Elliott, chairman Of North
ern Pacific: Being independent in
every way, he brought to the counsels
of the railways an unbiased judgment
that was most helpful. His unsclfish
work for all the railways during the
last few years in trying to find liv-
ing basis for them and his tact in
dealing with conflicting views and ele-
ments were of great value to the coun-
try"
l.. +. Loree, president of the Della.
ware 4 Hudson: II have known Mr.
Cuyler for the last thirty-hvc years
and his sudden death is, indeed, &
severe loss to the railroad industry
As chairman of the Association OF
Railway Executives he admirably dis.
charged task, .thankless and difficult
as is every position which carries re.
sponsibility without authority He was
peculiarly fitted Cor his position be.
cause Of his broad knowledge of rail
road affairs, as well as general condi
tions throughout the country"
Julius kruttschnitt, chairman of tht
Southern Pacific: 81 am stunned by
the news of Mr.. Cuylcr's death. In the
long and close relations with him il
the Association of Railway Executive.
had ample opportunity to meas
ure Mr.. Cuyler's ability and to lear1
and esteem him as a loyal friend. ans
most admirable gentleman. He was tn,
ablest and best presiding officer hay,
ever known"
Charles Hayden, chairman OF tn
Rock Island: "a lawyer by profession
of the highest standing, Mr.. Cuyle
New-York tribune., 1922-11-03

vas always desirous OF being very
just. Confronted with numerous difFi-
cult situations, he handled them wiSa
rare abiiity,s
W. G. Besler, president of tho Cen.
trial Railroad of New Jersey: In the
death of Mr.. Cuyler the railroads of
the country have suffered d great loss.
The people OF this country Interested
or concerned IN matters Of transporta-
ton have suffered an equal loss.t'
Thomas w. Lament. Of J. r Morgan
y Co.: Mr.. Cuyier's death Is O real
loss to the community. Few men
touched 90 wide a eircse Of Important
interests; very few, indeed, had so
many frineds whc loved and honored
him. With no thought 81 personal or
nnancaa, gain he gave unst;ntedly o.
his time and effort TO the Improvement
Of corporate and industrial conditions. 8
Mortimer T.. Sehiff, Of Kuhn, Loeb 4.
CO.: u have always considered Mr.
Cuyler one Of the most useful men IL
the community
Seward Prossor, president OF the
Bankers Trust Company: "Mr. CuyleT
had been on our board FOR fifteen
years. His usefulness has been very
great to rs IN many iniportaEt mat
tefs,"
Alvin w. Kreeit, president OF the
Equitable Trust Company. "Mr Guy
Ter, while essentially conservative,
never lacked the courage for construc-
tive compromise. lie was gentleman
of the old school with Infinite charity
and patience in dealing with tho many
problems, whether financial or other
wise, that required cool and steady
head. His death is a distinct loss tc
the country
New-York tribune., 1922-11-03
Mrs. George E. Turnure
Arrives at Hot Springs
Mr.. and Mrs. Richard Cole and
Mr.. and Mrs. N. Lee Smith
Among N. Y. Visitors
Special Dispatch to The Tribun,

HOT SPRINGS, Va, Nov. MFRS
George Evans Turnure arrived at the
Homestead to-day from Lenox, accom-
panied by the Misses Grace and SYM
phorosa Bristed, daughters OF Mr.. and
Mrs. Charles Astor Bristed,
Recent arrivals from New York ia
Guided Mr.. and Mrs. Richard Cole and
Mr., and Mrs. Norman Lee Smith. Mrs.
George a. Ellis jr. and Mrs. Joseph
Truitt Talbot, drove to-day to Gillettes.
on the Jackson River, to remain over
night. Mrs. j. Walter Wood and Mrs
Frederick Russell were on the long
golf course this afternoon and later al
the Casino for tea.
Members of the New York colony rid
ing to-day included Mr. and Mrs. Cort-
land w. Handy, Mr.. and Mrs. Alton
Farrell, Mrs. Henry Martyr Alexander
and the Misses Grace Bristed. Marie
and Hope Halies, Geraldine McAlpin
and Virginia Van Ingen.
Mr.. and Mrs. Walton Douglas, Mr.
and Mrs, S. Emlen Hare, Mrs. Harold
strebeigh and Miss Juliana Cutting
of New York, departed to-day for their
homes
New-York tribune., 1922-11-03
Miss Mello,, to Rejoin
Father I'm Washington
Ero,n TIE 7rtbnne,s washingson Bareau

From TIE Trtbnne's Washington Bareaa
WASHINGTON, Nov. 2.--The Secre-
tary of the Treasury, Mr.. Mellon, viii
return to his apartment, on Massa-
chusstts Avenue, the middle Of next
week, and will be joined by his daugh-
ter, Miss Ailsa Mellon, in fortnight
Mrs. .Keyes, wife of Senator Henry
Wilder Keyes, entertained at tea this
afternoon in her apartment, at 24O0
Sixteenth Street, in compliment to her
house guest, Mrs. Noble Foss, daugh-
ter-in-law of former Governor Foss CT
Massachusetts,.
Miss Elizabeth d. Walter, the de-
busante daughter of Mrs. Frank Wal
ter, has issued invitations to many of
the debutantes of this and previous
seasons for bridge tea Saturday
afternoon, November IS.
Mrs. Coontz, wife of Admiral Robert
e. Coontz, entertained company at
bridge this afternoon, followed by tea,
in honor of Mrs. George Canfield, who
is visiting her nephew and niece, the
Secretary of the Navy and Mrs. DENLY.
The Italian Military Attache and
Marquise di Bernezzo and their daugh-
ter will go to Elkins Park, Pa, this
week, where they will spend some days
as the guests of Major and Mrs. George
Elkins Tyler.
New-York tribune., 1922-11-03
Services for Eli w. Weaver
Educator Taught in Boys High
School Io Years

Funeral services for Eli witwer
Weaver, widely known educator. who
died Wednesday night at his home in
Brooklyn, will be held tomorrow
afternoon at 8 o'clock at the Ciasson
Avenue Presbyterian Church, Brooklyn.
Burial will be in Greenwood Cemetery.
Mr.. Weaver was sixty-two years old
and was native of Churchtown, Pa.
he came to New York In 1900 and
shortly afterward was appointed as
slstant teacher Of mathematics In Boys
High School. He remained a teacher
there until his retirement in 1919
Mr.. Weaver is survived by his wife.
Susan (. Oberlin, whom he married in
1887; four daughters, Amy, Elizabeth,
Mary and Mrs. Bertha Liebenspcrger,
and three sons, Paul. Ernest and James
| Weaver, and seven brothers and two
| sisters. He was an elder in the Classon
| Avenue Presbyterian Church.
New-York tribune., 1922-11-03

Waterbury, whose guests included Mrs.
John Wanamaker jr. and Miss Mar
garet Steward, Mrs. Forsyth Wickcs
and Mrs. James A. Burden.
MFR. and Mrs, j. P. Wilton Stuart hnvo
arrived from Goodhope, their country
place in Greenwich, Conn, and are at
the Lorraine.
Among the recent arrivals at the
Ritz-Carlton are Mrs. William FL. Sage,
from Albany and Mr.. and Mrs. John IL.
Auerback.
Miss Marion Kemp gave luncheon
at the Ritz-Carlton yesterday for Miss
Cathleen Vanderbilt.
Mrs. William K Dick, Mrs Percy III.
Stewart and Mrs. William Lowe Rice
gave luncheons at Sherry's yesterday.
Mr.. and Mrs. E. Clarence Jones have
taken an apartment at the Ambassador
for the winter.
Among those who gave luneheons
| Yesterday at the Marguery were Mr.
and Mrs. Charles r, Scott, Mrs. Oliver
! Iselin, Mrs. Biddle Duke, who had Mrs.
| William Thaw Sd and Mrs. Daniel c..
| Jackling who entertained Mrs. Oliver
Perrin.
Mrs. James T. Terry gave luncheon
yesterday at the Ritz-Carlton for Mrs.
Griswold Thompson and Miss Mary
| Brown Warburton.
! Mrs. William B. Caperton and her
4 daughter, Miss Marguerite Caperton,
have arrived in the city from Newport
and are at the Vanderbilt.
New-York tribune., 1922-11-03
Miss Anderson
announces Her
NJ edding Plans
Eill BE Married to MIR. Roger
Nj. Cildersleeve at Church
Of Our Savior i'm Cin-
cinnati ON November I8
III. Jean de ST. Cyr Host
friends Congratulatir,g Mr..
and Mrs. John r.. Thorn
dixie Upon Birth of a Son

N.ss Dorothy M. Anderson, daughter
81 Mrs. John NJ. Anderson, of Cincin-
~ whose engagement to Mr.. Roger
uerson Gildersieeve. of New York, son
81 III. ard Mrs. Elmer D. Giidersleeve,
Il peughkeepsie, was announced on
october II. has made known the plans
;ar kcr wedding, which will take place
S November 1s in the Church of Our
ssv;our. Cincinnati. The ceremony will
s. pesformed by Bishop Boyd Vincent.
rhe will be assisted by the rector, the
psy. DR.. j. Hollistcr Lynch.
Miss Anderson will be attended by
aiss Leila Wade as maid of honor, and
81 bridesmaids include Miss Emily
nsyks, Miss Helen Wade and Miss
rssaces Sacendorth- Mr.. Gildersleeye's
~ man will be Mr.. Thomas A. Lang
ssrs ard the ushers will include Mr..
Nssen Turner, Mr.. Allen l.. Trumbuli.
W- JuIian T. Gray and Mr.. Elmer d
GiIaersieeva jr. Following the cere-
mo;y reception will be held at the
Nome Of the brides mother.
Nr. Gildersieeve is a nephew Of Jus
siee Henry A. Gildersleeve, for many
years justice of the New York Su-
nrere Court, and cousin of Dean
Virginia c. Gildersleeve, of Barnard
college. He is member of the New
York bar and Williams graduate OF
he class Of '15 and Columbia Law
School. He served overseas with the
sa5th Infantry. Miss Anderson made
her debut in Cincinnati in 1890 and is
yassar graduate.
Son Born TO Thorndikes
III. and Mrs. John r. Thorndike, of
Brookline, Mass. are receiving con-
sratulations over the birth of a son
sttheir home in BrookIine on November
si. Mrs. Thorndike was Miss Caroline
Eyeth before her marriage.
Mr. and Mrs. T. SudEern Taller gave
iuncheon at the Plaza yesterday for
NYs. Taiier's mother and aunt, Mrs.
Alexander Brown, of Baltimore, and
Yrs. William L. James.
The Duke and Duchess Torienia have
come to the Ritz Carlton from Green
wich, where they were the gucs' of
Mrs. c. Arthur Moore.
Mr. Jean de st. Cyr gave dinner
last night at Pierre's for Mr.. and Mrs.
Carol l.. Wainwright, MrS and Mrs.
Gr;swcld Z. Thompson, Mrs. jerome
Napoleon Bonaparte and Mr.. Julius w.
Noyes.
Mr. and Mrs. Paulding Fosdick gave
dinner at Pierse's last night for Prin-
cess Baganza.
New-York tribune., 1922-11-03
James W. Hosea, Tribune
Printer for 20 Years. Dies

Funeral services for James Warren
Hosea, OF 25 Bay Ridge Place, Brook
lyn, who died Wednesday, will be held
to-day at one O'clock, at the Hosea
home. Burial will be at Mt. Hope
Cemetery. Mr.. Hosea, who was a
printer, had been an employee Of The
Tribune for more than twenty years
He was born at Philadelphia. in 1864
From 1884 until 1890 he was an express
messenger on Southern railroads.
New-York tribune., 1922-11-03

It's about baseball and a baby
and much besiae, especially Peter
Neale, sport columrlist, who tries to
raise his boy to be a neWspa aperir,aIs.
Charles Hanson Towne, in the New
York Tribune says One of those
books that cannot be laid asids-,--a
touching human document written
by a man who has dug deep irso
life and found 1t good, for all it's
- : y n p
New-York tribune., 1922-11-03

Of the Equitable Life Assurance So.
clety. the Bankers Trust, the Guaran-
tee Trust, the Metropolitan Trust. the
Equitable Trust, the United States
mortgage and Trust Company, and the
metropolitan Opera House.
me esteem in wnicn MFR. Cuvler wns
neld by his business associates was
SHOWN in his election to the Chairman
snip OF the Railroad Executives, AS
sociatioH, an organization comprising
virtually all the railroad heads Of the
United States. He was thus for sew
etaa years the foremost representative
anu oI1caal spokesman af the railroad
,nneerssts OF the country, and was in
nuentiaiiy concerned in the taking over
"a "a ane railroads by the government
durlng the war, their return to their
owners and the rcadjustme legisla-
tlon, strikes and what not that have
marked the subsequent history of the
transportation lines. In the shommen,s s
a.Iihe ~, OF last summer he stood reso-
luteiy for the keeping Of faith with the
employees who remained Mt work and
VIII tsie new recruits, and urged sub
MISSION OF the seniority question to
the Railroad Labor Board.
.aI. Cuyier maintained a keen inter
s La1 ~ ms anna mater. For many years
ie was q member of the Yale Corpora
tion' was chairman Of the committee
.i .nat nuitt the Yale Bowl and at one
eine n made himself personally respon-
s,ble for half million dollars toward
the cost Of that work.
ne received the honorary degree or
LIZ; -. from Lafayette College In 1915
ahd from Yale in 1920. He was q mem
PEI OF the Society of the Cincinnati. of
the Philadelphia, Rittenhouse. Raea,,et
and an J. Philadelphia Country clubs. ali If
r,hniiadelphia, and the Century. Iyniver-
si1y and Union clubs, Of New York. He
was married on May 8, 1881, to Miss
Iahces Lewis, who, with four daugh-
'ers, survives him.
Air. Rea's Tribute
Samuel Rea, president of the Penn /.
~ syynVahaa Railroad, said on hearing of
Mr.. Cuyler's sudden death is +ou
r1ble shock. Knowing him so int;n sta-
~ as have for many years. I had the
warnest affection for him. His legnl
framing, his intimate knowledpe If
raliroad affairs and finance and his
kecH powers of observation gained
through years of service and contact
WIN men of affairs all over the world
qualified him as business man of tba
rlpest experience. His death is great
ioss not only to the Pennsylyanis Rail.
road Company, in which he was d.
rector, but to all the railroads in the
country, because of his position as
CHAIRMAN of the Association Of Railway
Executives and his able and in1partial
supervision Of their affairs in the most
dlfi,cult period in their history.
NO personal sacrifice was ever too
great for him to make to advance tbe
interests of the railroads. Among his
own own friends .n m in the suburbs of phiiadel-
phia where he lived, his delightful per.
sonality and generosity and nerspnal pna
| ly missed"
A successor to MIR. Cuyler as chair.
man OF the Association OF Railway
Executives will be chosen at the next
regular meeting of the association OF
November 8, it was announced here
yesterday. In the mean time Judge al.
fred z. Thorn, general counsel and vice.
CHAIRMAN of the association, will BIZ