davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-08-18
CONSOLIDATED GAS COMPANY OF NEW



NOTICE is HEREBY GIVEN. that on Sep
tember I. 1922. at the principal office OF The
National City Bank OF New York. No. 50
and State of New York. tho Consolidated
Gas Company of New York will redeem. at
1921 per cent. of the face value thereof. and
accrued interest from August /. 1922 all OF
Its Five Year Secured Seven Per Cent Con-
vertible Gold Bonds. dated as of February
l, 1920, outstanding on the said redemption
date: and the said Bonds then outstanding
are hereby required TO be then and there
presented for payment. with all coupons Tor
interest maturing subsequently TO the saia
redemption date. No interest will be paid on
the said Bonds after September 1, 1922
On August 1, 1922, any holder OF any OF
the Bonds hereby called for redemption may.
without prior notice, surrender the same at
the said office of The National City Bank OF
New York. with all interest coupons maturing
subsequently to August ], 1922, attached, Tor
conversion into an equivalent amount. par
value. Of the common capital stock, full
paid and nom assessable; OF the CONSOLIDATED
Gas Company of New York.
Holders OF Scrip Certificates for any
amount of the said Bonds may surrender the
same to the said Bank on September !.
amount thereof. with interest at the rate ot
seven per cent. per annum from February
J., 1920. to September I, 1922.
Holders OF Scrip Certificates aggregatinS
500 face amount, or multiples thereof, may
convert the same on August !. 1922. but not
thereafter, into equivalent amount, par
value, OF the Company's common capital
stock at which time interest at the rate OF
seven (D per cent. per annum from Febru-
ary I. 1920. will be paid on the Scrip SO
converted.
By order OF the Board of Trustees,
CONSOLIDATED GAS COMPANY OF NEW
YORK.
The New York herald., 1922-08-18
MEXICAN PETROLEUM
WILL START REFINING
Plant With 1900 Barrel
Daily Capacity Building.

The Mexican Petroleum Company. 1t
was learned yesterday, will soon enter a
new field, s;<ss OF refining crude oil. to
the production Of which 1t has hitherto
confined its activities. A new refinery
is being built in Tampico, Mexico. which
will be devoted to the refining of gaso-
line. its daily capacity being estimated
at $4,000 barrels.
No new financing win be necessary
to pay for the plant. which will cost
about $4,000. .000, as it is estimated that
the company has about s30.000,o00 in it's
treasury. No concern Is felt by officers
of the company over the future supply
OF crude oil. although they admit that
the famous Toteco-Cerro Azul pool.
which at one time yielded about 20 per
cent. OF all the worlds production Of
oil, Is rapidly being exhausted.
The New York herald., 1922-08-18
TO THE HOLDERS OF
THE PROCTER & GAMBLE COMPANY
7en Serial Gold Notes, Series X,
Nu. 4

You are hereby notified pursuant to the
provisions of Article III. OF the Trust Agree
ment dated March i, 1913. between The Proc
ter & Gamble Company and Guaranty Trust
Company of New York. Trustee. that The
Proctor & Gamble Company has called for
redemption ON September /, 1922, all of the
Five Million Dollars ($5.00o.000) principal
amount of its 7eo Serial Gold Notes Series Z
issued under said Trust Agreement, and that
on or after said date the holders of such
notes upon presentation and surrender thereof
with coupons maturing March !, 1923, at
tached, at the TRUST DEPARTMENT OF
Guaranty Trust Company OF New York. No.
140 Broadway. In the Borough Of Manhattan.
City and State of New York, will be paid.
In accordance with the terms anc provisions
OF such Trust Agreement. the principal
amount Of such notes and the premium of
one-half of one per cent. (11ec) OF such prin-
cipal amount. Interest all of the said
notes will cease on September !. 1922. and
interest coupons maturing after said date
shall be null and void. The coupons matur-
ing September 1, 1922, should be detached
and collected In the usual manner.
THE PROCTER & CAMILLE COMPANY,
BY GEORGE S. WOODWARD. Treasurer
Dated July %. 1922.
The New York herald., 1922-08-18
So A BALE ADVANCE
IN COTTON FUTURES
Bulls Command Market as
: Crop Situation Is Be-
coming Critical.

Mil demand for futures in combina-
ton with m active short covering
movement by luckless operators who
had taken bear position on Wedpes-
day caused an advance of 100 points or
S. a bale. in yesterdays cotton market.
That the crop situation was becoming
critical indeed was borne out by numer-
Gus advices from the South telling of
the need for rain In the Western belt,
excessive moisture east of the Missis-
sippi and increasing damage by boil
weevils
were 100 to LOT points higher than
Wednesdays close. Final bids were
around the top. up IS to 101 points.
At no stage in the day was there any
sign OF reaction; buying was persistent
and steadily carried prices forward. The
market undoubtedly was helped by the
strength sof Liverpool cables and the
reported good demand in Manchester
for cloths and yarns, largely for Indian
account. The Liverpool spot market
stiffened considerably and advanced
nearly 80 penny points. The proximity
of the next Government condition re-
port. which will be released in about
two weeks, is worrying the spinners.
1t is not at all improbable that this
report will show a condition Of around
60 per cent. which would mean crop
of 100000 bales or lower, hardly ade-
quate. considering the present small
carry over.
Although hedge selling from the South
has increased of late it has been well
absorbed. little impression being made
on the market. The failure of the Of
ficial weather map to show any i'm
portant rainfall in Texas discourse ged
recent short sellers and competition be-
came active when they attempted to
cover The map showed only light,
scattered showers again. mostly in the
Eastern belt. where dry weather is now
needed. Nf
The local market for spot cotton was
quoted 106 points net higher at 2200
cents for middling. The New Orleans
market was 25 points higher. at 2125
cents. Its sales were 81 bales
Ranre of nrices. prev.
The New York herald., 1922-08-18
NICHOLS QUITS ASSOCIATION.
Company VIII Sell Copper Inde-
pendently In All Trades.

The Nichols Copper Company will
withdraw from the Copper Export Asso-
citation. it announced, yesterday. 1t has
notified the association that 1t will be-
come an independent seller Of copper
in foreign as well as domestic trade
This is the third important seller 10
withdraw from the association. The
first was the Miami Copper Company,
about three years ago, and the second
was the Cerro de Pasco Copper Corpora
tion. which withdrew about a year ago.
CRANKY Consolidated Mining Company's
copper and that of the United Verde
Extension Copper Company will cease
to be sold through the Export Associa-
tion at the same time as Nichols, as
neither Is member of the association.
The New York herald., 1922-08-18
AUTOMOBILE OUTPUT
SETS RECORD FOR JULY
Year May Reach High Mark
Unless Strikes Interfere.

Another automobile production record
has been set, according to Automotiue
Industries, which reports that passenger
cars and trucks produced in July num-
bered about 246,0 a new record for
July and the third largest monthly total
in the history of the industry. The
record for all time was set in June.
1922. when the total was 2SS.0oo. The
report says:
The July record brings total produc-
tion for the year up to 100000 and
indicates that t9e2 Will be the indus
try's greatest year unless the railroad
and coal strike situation exerts a serious
curtailing influence on manufacturing
activities for the rest of the year"
The New York herald., 1922-08-18
ELECTIONS AND MEETINGS.
NOTICE OF MEETING OF STOCK
HOLDER OF
prRRyMAN FEED WATER HEATER
COMPANY.

To The stockholders OF the Bergman Feed
Water Heater Company:
You are hereby notified that a meeting OF
the stockholders OF said corporation VIII be
hsid AZ Room 1864, Grand Central Terminal
p,iidinr. New York City, on the 22nd day Of
August. 1922, at II 90 o'clock. Standard
Thine. in the forenoon. for tho purpose OF
yotinr on n proposition that the corporation
he dissolved forthwith, and the transaction
OF any other business which may properly
come before said meeting.
DATED at Bridgeport. Connecticut. the lsth
day OF July. 1922. ..
The New York herald., 1922-08-18
FINANCIAL NOTES.

The Guaranty Trust Company of New
York announces that on and after August
2t, 1922, the Grand Trunk Railway Company
of Canada's 6 per cent. equipment notes in
definite form will be delivered In exchange
for trust receipts now outstanding upon
presentation OF the latter at its trust de-
partment. 14o Broadway.
The Central Union Trust Company of New
York has been appointed trustee OF an issue
Of s25 600 900 Kingdom of the Serbs, Croats
and Siovenes forty-year per cent. secured
external gold bonds. dated May /. 1922 and
due MAY /, 1862.
The New York herald., 1922-08-18
WIRE CONCERNS IN MERGER.

WORCESTER, Mass. Aug. 1.-THE
Wire Goods Company Of Worcester.
the Cassidy Fairbank Company of Chi
cago and the Andrews Wire and Iron
Company of Rockford, ILL.,. and Of Wat
ford. Canada. are consolidated as a
81. 100000 corporation, with headquar-
ters in Worcester. Eventually the
business probably will be conducted un-
der the name OF the Washburn Company,
the other corporation names disappear
ing.
The New York herald., 1922-08-18
HEAVY GAINS BY COCA COLA.
S5.18 q share In Quarter Compared
with $1.5s.

For the three months ended June 30
last Coca Cola reports a net Income OF
$2,755,925. after expenses and interest,
equivalent after preferred dividends to
s5.16 a share earned on the 100000
shares of common stock of no par value
This compares with net of 1866, 115,
or $1.5s a share. in the first quarter.
and with s1.99 in the corresponding
period of 1921.
For The six months net amounted to
s3.721,O41, equivalent to 1914 a share
earned on the common stock, compared
with s1,so4,263. or $2.91 a share. in the
corresponding period of last year
The New York herald., 1922-08-18
No. 1928.
TREASURY DEPARTMENT

OttlCE Ot
COMPTROLLER OF THE CuRRENCY
Washington. ID. c.. June 3. 1924
WHEREAS, by satisfactory evidence pre-
sented to the undersigned. It has been made
to appear that
NEW YORK
in the CITY OF NEW YORK
has complied with all the provisions OF the
Statutes of the United States. required to
be complied with before an association shall
be authorized TO commence the business OF
Banking. -
Now Il erefore. I. D. r. CRIsSINGER,
Conptrolsr sr Of the Currency, do hereby
THE CAPITOL NATIONAL BANK OF
NEW YORK
IN the CITY OF NEW YORK
In the County OF NEW YORK and state
OF NEW YORK
is authorized 70 commence the business OF
Banking as provided In Section Fifty one
hundred and sixty nine OF the Revised stat
utes Of the United States.
In testimony whereof. witness my ,and
and Seal Of office this FIFTH day OF JUNE.
1922. -
(Signed) D. r. CRISSINGER.'
Comptroller OF the Currency.
The New York herald., 1922-08-18
TOBACCO MERGER IND0RsED.
Most of Retail stores Holders
Favor s157, 900. 900 Combine.

Preliminary figures on the new $751;
100000 Tobacco Products merger inji.
cate that all but 1850 of the 1880
shares of United Retail Stores stock has
been exchanged for the new Tobacco
Products stocks. The majority Of Re-
tail Stores holders have elected to take
one e-half Class A and one-half ordinary
common Tobacco Products for their
holdings of Retail.
The new Glass A stock of Tobacco
Products is a Z per cent. non-cumulntivo
issue. 1t Ia expected that the new ordi-
nary common win be put on s pc:
cent dividend basis.
The New York herald., 1922-08-18
ANACONDA INvADEs CANADA.
Copper and Brass Rolling MiIl'
Operated In New Toronto.

The Anaconda Copper Mining Com
pany has entered Canada through It's
subsidiary, the American Brass COM
pany and is operating Browns Copper
and Brass Rolling Mills Company at
New Toronto. according to advices from
Toronto.
The Anaconda American Brass. Ltd.
has been formed. with the entire 1.000,-
900 capital stock owned by the Ameri-
can Brass Company. Charles f.
Brooker is chairman of the board; John
A. Coe. president G. H. ALLEN. vice
president: C. +. Hollister, treasurer A.
H. Quigley, general manager, and M. s.
Moss. secretary Other directors are
John D. Ryan, Cornelius f. Kelley and
Benjamin B. Thayer.
The New York herald., 1922-08-18
CON NsoLIpATED CIGAR GAINS.

For the six months ended June 80
last the Consolidated Cigar Corporation
reports gains of approximately $50 per
cent. compared with the first half of
last year Net profits amounted TO
s451,436, compared with $172.34o in the
same period last year. Business for
the quarter ended March 81 resulted In
net earnings Of $112,545 while for the
second quarter the figure was $338,So1.
The New York herald., 1922-08-18
FILM COMPANY PROFITS DROP.
Famous Players Lasky Decline
S1,OOO,OOO in six Months.

The Famous Players-Lasky Corpora
ton issued report yesterday showing
net profit for the six months ende
Junt 80. last, of $2,01S,337 contrasted
with s3.07S.697 in the same period of last
year. Those earnings were at the rate
of 1888 a share on the 206S34 COM
mon stock outstanding against s26.o4.
In the first quarter of the year net
profits were s1,201,251 and in the Sec
ond quarter SS17.0S6.
The New York herald., 1922-08-18
UNITED LIGHT AND RAILWAYS.

The initial dividend of / u per cent on
the participating preferred stock of the
United Light and Railways Company
has been declared. payable October 2,
1922, TO stockholders of record at the
close of business September Is, 1922.
The company also declared the regular
quarterly dividend of / II per cent. on
the first preferred stock. payable Octo-
ber 2. 1922, to stockholders of record at
the close of business September is, 1922.
The New York herald., 1922-08-18
n. Y. AIR BRAKE PLANS ISSUE.

1t Is understood that the New York
Air Brake Company is planning some
new financing and that Edward b.
Smith & Co. and Dominick & Domini,k
are interested in the matter Details
are expected to be made public soon.
The New York herald., 1922-08-18

as the numbers OF the So General Mortgage
6qs Gold Bonds, issued under the trust deed
OF the Chicago q Western Indiana Railroad
Company dated December 1st 1882. to be
redeemed. by the operation OF the Sinking
Fund on Sept. fst next, at the office OF
Messrs. J. p. Morgan Co, New York, at
los and accrued interest 20 that date.
Registered bonds should be accompanied by
power OF attorney transferring them 70
bearer.
previously drawn for redemption but not
yet presented for payment:
1850 $3.50 710s 1884 p4TI
HERBERT l.. SATTERLEE.
PAUL q. PENNOYER,
Trustees.
The New York herald., 1922-08-18
INSURANCE STOCK SOLD.

Kidder, Peabody n Co. and Hit, Far
we'll & Park announce that the subscrip-
ton books on the offering OF $4,000
shares Of capital stock of the Rossia
Insurance Company of America were
closed yesterday.
The New York herald., 1922-08-18
STATISTICS.


Spot cotton in moderate demand, 43 points
higher at 12.70d. for middling. Sales 5000
bales, including 5000 American. Imports
3,00O none American. Futures opened
steady at 8 to points advance and closed
steady at net advance of IL to 40 points.
October closed 1900: January, Ills: March.
1f.72: May, 1892; July, 11.51. Manchester
yarns In more demand; cloths, good demand
for China, Bids cabled to Liverpool at IL
A. NJ: October, 21.19; December, 21.2l /;
January, 21.10; March, 2i11.
The New York herald., 1922-08-18
JONES TEA SALES INCREASE.

July sales of the Jones Brothers Tea
Company, Inc, amounted to S.4l5.s72.
, compared with si.417,666 last year. For
the year to date sales amounted to
Sl002i, ,T2s. compared with s9.974,s51 for
the corresponding period of the previous
year. an increase of s4s.sT.
The New York herald., 1922-08-18
eS LOCOMOTIVES ORDERED.

The American Locomotive Company
announces the receipt of an order from
the Union Pacific system for fifty-five
mountain type locomotives weighing
345. 900 pounds each. and ten Mallet type
locomotives. weighing $4,000 pounds
each.
The New York herald., 1922-08-18
BRITISH BANK STATEMENT.
MONEY MARKET.


THURSDAY. AUGUST II. 1922.
High ............. 3hlYear's hgh......
Low .............. ga Years low. 2A
TIME LOANS.
riyed colIaterais, 30 TO 10 days. ... 3Nn4h
Mixed collaterals, 20 days and over. AZ
Tndustrtals, 80 to 30 days............ 3A14h
Industrials, 90 days and over. AZ
COMMERCIAL PAPER.
Beat names. a 10 6 months.
Other names, 4 TO 8 months. ......... 04k
DISCOUNT RATE. RESERVE BANK.
Commercial paper. s15 days, 4. so TO 30
days a: Liberty bonds and Victory notes, is
pnccs is TO 90 days, 4.
.Fixed June 81. P>evious rate. AZ. fixed
November q 1871
OPEN MARKET RATE.
call loans and acceptances. ............. ~
Discount rates on prime bankers accept
snces eligible for purchase BY Federal Re-
Bid. Ask Bid. Ask.
es Is Ssys... ssys...... ~ I2o days. 81 5s
CLEARING HOUSE STATEMENT.
Clearing House exchanges, $685.. 600 900;
balances, SEQ, 400 900. Federal Reserve credit
balances, SOS, 900. 600.
SILVER MARKET.
Official bar silver In New York, domestic.
aoHc, unchanged; foreign. 6e7sc., unchanged;
London, s4Md., off I'D; Mexican dollars,
g3hc., unchanged
Range OF silver prices this year,
Highest. Lowest.
New York;, 73Ac., May 20 b3@c, Feb. 2e
New York;. 7saes-s Nay ~ bsS<o, beb. -
The New York herald., 1922-08-18
DIVIDENDS.

Stock Of Pay
Record. able.
iAes Observation-Disclosures Sept. is Sept. so
r r Williams OIL, q, 1iaee Aug. 20 Sept.
"pn iises ............... Aug. 81 Sept. Is
Mon. cottons Co., Ltd. pf,
q, f%9s ................ Aus. OF sept. 10
National Candy Co.. LIST and
I'd pf, s-a, 3hqo. .... Aug y sept. 10
wilmington Gas Co., pf.,
s-a.. So. Aug. III sept.
Rand Mines, Ltd. Am
shares, 55c................ Aug. ~ Aug. ~
Texas Gulf Sulphur. a. ~. Aug. ID Sept. j
Brit. Amer. Tobacco Co..
ord. 4qo ............... sept. 20 49,.
The New York herald., 1922-08-18
FEDERAL RESERVE
BANK STATEMENT
Ratio, Note Circulation and
Gold Reserves Decline
Deposits Increase.
Special Dispatch to THE NEW York HERALD.
New York Herald Bureau.
Washin0t0u. n. O. Au0

Unchanged total earning assets, an
increase Of s11.2o0.Oo0 in total deposits
and reduction Of $4,000. 900 in Federal
Reserve note circulation are shown in
The Federal Reserve Boards weekly bank
statement issued as at close Of business
on August Is. 1922. Gold reserves de-
creased by $500, 900 and total cash re :
serves by s4.3o0,oo0. The reserve ratio
declined from so.4 to 500 per cent.
Federal Reserve bank holdings of bills
COMPARATIVE STATEMENT OF CONDI
The New York herald., 1922-08-18
To the Holders OF First Mortgage Five Per
Cent. (ncw 7e1 Gold Bonds Of
NEW YORK AND RICHMOND GAS co.

Notice Is hereby given that in accordance
with paragraph THIRD" of the Extension
Agreement dated as OF juno IS. 1921, and
ARTICLE ELEVENTH. OF tho mortgage
dated July is, 1901. securing the above named
bonds, the undersigned. NEW YORK AND
RICHMOND GAS COMPANY, has elected 10
redeem on November /. 1922. all OF its Firpt
Mortgage Five Per Cent. Gold Bonds issued
and outstanding under said mortgage by pay
Ing the principal amount of said bonds to-
gether with premium OF tw, per centum
thereof and accrued interest TO the date Of
redemption.
Payment OF the aforesaid redemption price
will accordingly be made to the holders OF
said bonds upon presentation and surrender
thereof with November 1922 and all unma-
tured coupons appertaining thereto. for can.
collation.. on or at any time after November
4, 1922, at the office Of the Central Union
Trust Company Of New York. at so Broad
way. New York City.
The privilege Is extended TO bondholders to
present bonds for payment prior TO Novem-
Der 1, 1922, the redemption date with inter-
est adjustment TO date OF presentation.
Interest will cease to accrue said bonds
on and after November I, 1922.
New York and Richmond Gas Company
BY: WILLIAM j. WELSH. President.
Dated July IL. 1n22.
The New York herald., 1922-08-18

stockholders who have been
told their stock Is worthless, write Mr..
JOHNSON, 1920 Fairmont ST., N. W.. Wash
ington. d. c.; have placed our interest be-
fore Government; no charges.
The New York herald., 1922-08-18
BID ASKED UOTATIONs

n. Y. STOCK EXCHANGE QUOTATIONS.
FOREIGN GOVERNMENT AND MUNICH
PAL BONDS.
To the following prices accrued interest Is
The New York herald., 1922-08-18
REDEMPTION NOTICE.
Chicago and Weston iniiana Railroad Co.

Trustces' Office, H0om 81 tbth FIoorJ, MIN
Building.
New York. Aug. s. 1922.
The Trustees have this day designated, by
The New York herald., 1922-08-18
N. z. RESERVE STATEMENT.
RESOURCES.

RESOURCES.
Aug. 16. Aug. o.
Gold and gold GER
tificates 93.S2n317 $204. f49. 600
G d settlement
fund-Fed. Res.
Board 44,385,65s 81, $50. .Oo0
The New York herald., 1922-08-18
COMMERCIAL PAPER.

Mixed collaterais. 30 70 10 days. 3N14i
Mixed collaterals, 30 days and over. 4h
Tndustrtals, 80 TO 90 days............ 3Al4i
daya and Az
The New York herald., 1922-08-18

THURSDAY. AUGUST II. 1922.
The Union daily times. [volume] (Union, S.C.) 1918-current, 1922-07-21
Monarch

Ed. B. Smith, candidate for state
senate, spoke to about $50 people at
Monarch Mills last Friday night.
The picnic of Mon-Aetna Sunday
school last Saturday was decided
success and large crowds were in at
tendance.
The ladies missionary society of
Mon-Aetna church sent Mr.. Lester
Knight fine cake from the picnic
last Saturday and Mr.. Knight says il
was fine. He is not any better at this
writing.
Monarch will have a community fair
this fall and our people are getting
ready for this event, which will sur.
pass all former fairs.
The old cat is down at Monarch to-
day in the interest of the cannery.
Mrs. Bessie Chalk is quite sick at
this time.
If you can help person in need try
and help Mr.. Lester Knight get his
medicine. 1t is out and he needs more
Mrs. Ruth Shirley and daughter
have returned from visit to Atlanta
c. T. C.
The Union daily times. [volume] (Union, S.C.) 1918-current, 1922-07-21
REPUBLICANS TO
INVADE SOUTH
BY Hugh w. Roberts.

Washington, July 2O.-From au.
thentic information reaching Wash
ington, it is quite evident that the
Republicans are preparing for field
day throughout the South in the No
vember elections.
The unusual activity to that end re-
suits from the work of a special COM
mlttee, of which Congressman Bascom
Slemp of Virginia is chairman. The
committee was instructed to visit all
OF the chairmen and other leading
Republicans throughout the South and
tell them plainly that their represen-
tation in the national conventions
hereafter would not be allowed to
continue as it has been heretofore
There have been too many delegates
and not enough votes in the Southern
states. Hereafter, there must be at
least $500 votes cast in each congres-
slonal district 20 permit that district
to have one representative in the
national convention in addition to the
four delegates frcm the state at large.
twenty-five hundred will be the mini
mum. Consequently, the word has
been passed to the faithful" to reg
lster now, so as to be prepared to
make the necessary showing at the
polls in November and reports receiv-
ed in Washington indicate that South
ern Republican registration will pro-
ceed at rate heretofore unheard of.
Mr.. Slemp himself, a super active
Southern Republican, has declined to
stand for reelection to the house Of
representatives. The reason he as
signs is that he has been here long
enough and wants to rest, but those
who understand the situation and real
ize his devotion to the Republican
party are strongly of the opinion that
he seeks to be relieved of his routine
duties so that he may devote more
time to Republican propaganda and
organization work throughout the
South.
This situation, Democratic leaders
pointed out here today, puts the issu,
squarely up to Democratic voters. me-.
and women alike, to enroll for the;r
primary elections and to secure the
proper registration certificates for
the general election in order to meet
the increased Republican regist. alton
which is said now TO be going on at
an exceedingly high rate