davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-02-24

stock. and the time to do it is now.
Please have the addressing done at
once.
Yours very truly. -
Assistant to the Pres. y
Today the Offices of the United Guar
antee Company, SOIL Stock Ex.
change Building, were crowded with a
milling, angry crowd Of stock sales
men. who had been convinced so thor.
oughly of the value of the Stores stock
that most of them had made purchases
themselves.
The United Guarantee Corporation
had fifteen sales crews of six men each
on the road. The statesmen said tha,
they worked on commission, most OF
them with a drawing account Of 50!
week, out Of which they had to meet
their travelling expenses. Lately. some
Of them said today, they have had q
tough time getting their expenses when
they put in bills for the money.
The statesmen all had bills for serv-
ices against the company. which they
filed as claims with the receivers of the
Auto Stores Company.
In the petition for the receivers. filed
by William II. Boeshore. mach!nist
Of Seventh and Race streets, the liabil. i.
tiles of the stores company are placed
at 81 go 900. Mr.. Kun later said
the company had lost 81 ,3S5,I1O from
December. 1919. until the present. For
last year alone the loss was 81 600 600.
it is charged.
F|fty- seven branches for the sale o!
automobile accessories were operated by
the auto stores company. which i
1 81.
one at 131 South Broad street and an
other at Broad and Dauphin streets
Offices of the stores corporation are or
the second floor at Eleventh and Race
streets.
The methods are said to have beer
similar in inception to those of Frank
lyn Spiese. the Roxborough promoter
who had a long string of corporations
Carrier. head of the stores company
is said to have made the contract with
his own stock selling corporation by
which the latter concern got S26 ou
of every 500 taken in for commission!
and expenses.
1t was pointed out that the only yeal
in which the stores corporation made {
profit was in l919-S15.0OO Th,
United Guaranty Corporation was no
launched until April OF last year. /
is alleged in the bill filed yesterday
that the sole purpose for this incorpora
ton was to sell the stock Of the stores
company.
Reading. Pa. Feb. 4i.--A fisca
branch and tw" stores succeeded il
selling about $4,000 in United Auto
mobile Stores stock here within the las
six months. it is said. Both stores har,
made money. it is declared. 1t is esti
mated that 500 has been lost her
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-02-24
"POnzi Was PiEer,"
Says Accountant

United Guarantee CORPORATION. which
was controlled by Carrier, sold stock
to every easy prospect they could
find in this and neighbOring States.
Jersey coast fishermen are said to have
been sold quantities of the stock. Last
month the stock sales came to half a
million dollars
Mr.. Kun said today that arrests are
probable in both companies. He said
that he would send for Mr.. Carrier,
sand if he did not answer the invita-.
ton promptly. hc probably will get
another with the United States seal on
IT,"
Carrier, the central figure in the
adairs Of both companies, is only twen-
ty-eight years old. He is a native
Philadelphian and Is the son Of Dr.
Frederic Carrier. Of 4OU South Six
teenth street.
& Had Distinguished Directorate
In pamphlet published by the com.
peny in 1919 list of directors is given
& which contains some distinguished
names. Carrier is listed az president ::
~. N. Kinney, former director of the
Il Acme Tea Company and formerly of the
american Stores Company and Hub
btOres Company. is vice president di-
4 rectors listed are Reubens II. Peale
"a ESuuyihiu maven, III, director ana
chairman of the finance committee Of
the Schuylkill Haven Trust Company ;
George q. Gregg, Philadelphia Harry
4, ]. Stokes, Philadelphia; Clifton Il.
Stackhouse, Calvin D. Althouse, direc-
4 tor OF the School Of Commerce. Cen
tral High School; Louis NJ. Wagner
36tlsdelphia, president Of the Wagner
IL Taylor Edison Company and director Of
- Third National Bank.
Frank NJ. Watkins, director of the
wentieth Century Real Estate Com
&orV and director of the Twentieth
q 1nSy Storage Warehouse Company +;
& 1d w. Psxs0n, treasurer of the
eal Utility Company Richard w.
aehih. New York; James ii. Lal-
qasidept Of the Keine Supply Com
land Thomas May Peirce, Jr., di-
W the Broad Street National
- (0ynaer secretary and treas
- HereHlas Cemsnt Compsny.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-01-20
TRAVELS MANY
MILES TO GAIN
FINAL PAPERS

Omaha-Max Schroth. of Manila,
P. l., Travelled 5000 miles to the
United States in order to complete
his American citizenship after he
had labored for 81 years under the
delusion that he was a citizen of
the United States.
Born in Germany, Schroth came
to this country, and in 1892 enlisted
in the United States army at Nor
folk, Neb., serving in the Cuban
campaign in the Spanish-American
war and later in the Philippine in
surrection. He had his first papers
and thought that his citizenship
could not be questioned, only to
learn that he would have to leave
the Philippines where he was en-
ployed in the government transport
alton service, and return to
America to obtain his final papers.
Schroth set out neapy a year
ago, leaving a native wife and six
children in Manila, and came to
Nebraska where he took up resi-
dence in Omaha while his natural
ization case was pending in district
court. When his final papers were
handed to him Schroth said:
"1>feel like getting down on my
knees and thanking God that 1 am
now a bona flde American citi-
zen"
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-01-20
Bond Market.
BY STUART p. WEST
Copyright. 1927

New York, Jan. 20-Prices in the
bond market hardened today and
much of their irregularity of the
few previous days disappeared The
majority of bonds held steady and
fractional losses in the early deal
ings were easily offset before the
close. A further decline in United
States war loans provided practi-
cally the only soft spot in the mar
ket
The strength of sugar bonds was
sympathetic with the movement of
sugar stocks. Cuba cane sugar rs
and IS were each up point or
more, and Cuban American sugar
IS advanced about half point. The
bonds of the United States Steel
corporation and Independent Steel
companies are advanced. Public
Utility issues, like Consolidated
Gas Is and Michigan State Tele-
phone IS, gained ground, the latter
reaching a fresh top. United States
RUNNER 71as were quite active and
up around 107, then reacted Gen.
eral Electric 6s fell over a point
and Distillers securities IS got
down to As. The oils and fertilizer
bonds remained steady.
Southern Railway 65s, on
when-issued basis continued active
around their final level of yester-
day. The five per cent bonds
dropped about a half point. Profit
taking occurred in the Baltimore
and Ohio bonds as well as in such
active issues as Frisco incomes as
we'll as St. Louis Southwestern
consolidated As. On the other hand
Canadian Pacific debenture As were
bid up to a new high price at 7S12,
Reading As advanced a half, the
Fries were strong and Penn As rose
a half point Hudson and Manhat-
tan adjustment 5s crossed 81 and
marlborough IS were up over 12
points.
There was no feature in the for
eign government issues. Swedish
bonds were quite active and strong,
while uruguay IS lost heir sharp
gain of yesterday.
The sale of $4,000, 900 Chicago,
Burlington and Quincy railroad
bond issue recently authorized by
the interstate Commerce commits
sion will be arranged next week IN
the New York market. The pro-
ceeds of the sale will go for equip
ment and improvement of the Chi
cago terminal facilities of the road
"A syndicate of which New o1rk
banking houses are members, will
sell $5,000,000 Chicago City SAM
tary district serial per cent bonds
maturing from 1929 to 1871 exclu-
sively. The bonds will be offered
publicly soon to yield 4A to 4h2
per cent, depending upon maturity
dates. A new issue of $3,OOO,OOo
Marland Oil company 712s sinking
fund gold bonds series B, due April
4. 1881, was hold today by a syndi-
cate at 90 and interest to yield over
SIS per cent.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-01-20
Kansas City Livestock.

Kansas City, Mo, Jan. 20.-Cat-
tle-Receipts, 1900; trade slow !;
all classes around steady; under
tone decidedly weak on beef steers
and she-stock: top steers, 7.25; few
COWS, $50; bulk, 425 dawn; med
ium heifers, 4.75@5.65; old veal
ers, $50; very few above, 900;
mediums, stockers, $50; good feed
ers, $50.
Eogs+Receipts, $500; generally
strong to 10c higher than yester-
days average to both packers and
shippers; $50 to 10 Founders to
shippers, 7.95@S.00; 100 10 240
pound weights to both packers and
shippers, 7.S0@7.s5; bulk of sales,
7.50@795; shipper top, 500. pack
er top, 1855; packing sows and
pigs, steady.
Sheep 1000; killing
classes, fully steady; lao pound
ewes, SIS; 70 pound Colorado fed
lambs, 12.15.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-01-20
Curb Market
BY STUART P. WEST
Copyright. 1929

New York, Jan. 20-There was no
spectacular moves on the curb ex-
change today such as occurred on
the stock exchange. But taking its
cue from the big board, the curb
market was generally strong and
a number of interesting
features. Sympathizing with the
general strength in the motor
group, Cleveland Motors made 4
new high while Durant of Indiana
rose sharply. Inland Steel was
dealt in for the first time and was
bid up several points from its first
sale. International Combustion En-
cheering was another stock which
was in demand, reaching a new
high. At one time Cities Service
old common stock was up six points
on urgent short coverings and a
brisk run up occurred in Mara
caibo.
Some of the tobacco issues were
strong. Philip Morris was at new
top for the present movement and
tobacco products for export was q
trif1e higher. The upward move
ment continued in Glen Alden in
fIuencing the other coal shares.
Among the mining shares Magma
Copper was a leader while selling
was noticeable in South American
gold and platinum and Boston and
Montana. There was less activity
in the bond market and no particu-
lar features.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-01-20
TRADING SLOW
IN ALL GRADES
OF LIVESTOCK

q. S. Yards, Chicago, Jan. 90
Trading was more or less slow in
all pens at the start, but there was
some Improvement noted later in
the day. The total supply of cat
tie, for the week, shows a small in
crease over the number on hand
last week The market was IN
even each day, and present values
show a decline from those noted a
week ago. Receipts of livestock at
the local yards today were esti-
mated at 5000 cattle, $4,000 hogs,
5000 sheep and lambs and 1000
calves.
CATTLE.
The general run of cattle was
steady, but trading was slow for
plain sorts. Demand was fair for
goor steers, some of the best show
ing strength compared with the day
before. Some heavy steers sold at
1915. Cows and heifers also sold
without change Big killers paid
S9.500 1000 for choice veal calves
on strong market. Gamers at
$2.15 and bologna bulls at $4.75 for
the best, were changed.
HOGS.
Some of the palmer grades of
hogs sold at weak prices from the
start. but demand was more active
later in the day. Best light hogs
sold at $S.50@S60 while some of
the rough packing hogs went at
$3.50 and below. Good packers
sold at $7.00@7.50. At the best
time the trade was steady to a
dime higher.
SHEEP.
Lambs found a good outlet and
prices Were strong. Choice fed
stock sold at $13.0O@13.25 with
bulk of good lambs at $12.5O013.O0.
Prime ewes again sold at $3.50 on
a fully steady market.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-01-20
WALL STREET FEATURES
p.
P. WEST tcoPTRIGHT. 1922,

steel group ii was the sugars that
provided the sensation of the day.
The merger craze struck these
stocks, too. First came the re-
vival in a new form OF an old story
of a combination by refining com
panies and big producers. The
concerns mentioned were the How
ellis and Cuban American Sugar.
The result was that Cuban Ameri-
can Sugar stock shot up to 81 from
II, where it had closed last night.
Naturally this aroused other deal
stories. One was to the effect that
combination OF Cuba Cane Sugar
and American Sugar refining was
in the air. Cuba Cane, preferred,
rushed up 2 points on this. The
rest of the sugar group were bid
up eagerly, Duntal Allegro over 2
points and Manati 4 points. As in
the case OF the steels, however,
the speculative extreme cooled
down very soon in the sugars, but
after a sharp reaction from the
whirl of the first hour, they set
tied down into a comparatively or
derby movement
SENECA AND PIERCE.
The break between the pool man
ager in Seneca Copper and the own
ers of the property caused further
heavy selling of the stock today
The same sort of selling was nor
ticed in Pierce Oil, which is, or
was. under the same market aus
pices. The operator who was rum
ming the Seneca pool was also at
the head of the Pierce pool and
when he broke with Seneca own
ers he is supposed to have prompt
ly dumped his Pierce Oil. The SELL
ing in the latter continued this
morning and broke it down to q
new low price for the year.
THE MOTORS AGAIN.
The motors shares got going
again, but there was no new out
side reason for the strength. The
most was purely technical, an ex-
tremely short interest having ac-
cumulated ON the way down from
the high prices early in the week
The short interest in Chandler was
said this morning to have been the
largest on record for that stock,
while that in Studebaker was enor-
nous. One house alone was known
to have been loaning 5000 shares
of Studebaker at the opening. Once
the bear party started to cover
there was a scramble to get in
short contracts. Pierce Arrow also
had a sharp rise.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-01-20
BULLS SHY ON
GRAIN MARKET;
FEAR REACTION

Chicago. Jan 2o.-wheat vas
easy in tone today. The market
during most of the morning half Of
the session held fairly steady, the
decline being slow. There was
less confidence displayed by the
bulls and they seemed to feel that
reaction was due. Higher prices
at the start were due to moderate
offerings. Commission houses
bought little but when they noted
the breadth OF the buying they ua-
loaded few minutes later and this
was the forerunner of a steady
stream of offerings from longs At
sI.f4 the decline was temporarily
halted by the demand on resting
orders but offerings appeared
heavy enough to go through that
level. Seaboard reported the ex2
port demand checked by the up
turn. Northwestern mills told OF
the pessimistic -four situation
Heavy SHOWS were reported all over
Kansas and this brought about
pressure on the deferred future.
Argentine shipments of wheat were
greatly enlarged Receipts con-
tinue to hold up despite bullish sta
tistics regarding the small supply
held back.
There was little interest exhibit
ed in corn. Cash houses bought at
the start, some against export ac-
count. Commission houses we're
moderate sellers and some locals
sold because of the weakness in
wheat. Seaboard reported 10000
bushels corn worked via the Gulf
unchanged Domestic shipping
sales were light but exporters took
$4,000 bushels Sales OF 100 600
bushels of corn were made TO go
to store.
Oats market was quiet and fea-
tureless. The action of other
grains was a predOminating infiI-
ence Cash discounts were IN
changed. Shipping demand was
poor.
Provisions. were firm early on
covering by shorts and buying OF
the firm hog market. Realizing
sales and selling by packers check
ed the upturn.
Chicago, Jan. 20.-The wheat
market closed 4 to Is lower. Con
slant support by the bull leaders
was necessary until the close,
Weak outside cash market and
snowy weather over the Kansas
wheat belt induced liquidation by
timid longs May closed at S114
to Il, July S1.OI7s to "a
Corn closed Il to IS lower, May,
rs to 12, July 5424.
Oats closed % to Y lower, May
38A, July 3912
Pork closed 40 cents higher, lard
21sc higher and ribs 71ac higher.
Local cash sales were 1909 Bush
els of wheat, 50 600 bushels OF corn
including $4,000 bushels of export
ers, and 10000 bushels of oats.
Seaboard reported 10000 bushels
Of Manitoba wheat and 100000
bushels of corn worked for export
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-01-20
PRICES OFTEN
GO UP IN BERLIN
BUT NEVER DOWN

Berlin.-Foreigne sojourning in
Berlin have learned that prices go
I'D. but never come down." regard
less of the rise or fall of the Ger
man mark. Visitors here, compell-
ed to live in the first class hotels,
may secure rooms at prices which
they consider reasonable compared
with home prices, but the illusion
of "cheapness" soon vanishes.
At least once a month prices are
increased, and the usual amount is
100 per cent. The notice of increase
is sent the day before the new
rates are effective. There is no
recourse but to pay. The only fur
nished rooms or apartments to be
had are in the suburbs, and are i'm
practicable because of the frequent
strikes on the transportation lines.
Disadvantages of living in second
class hotels, in addition to the alb
sence of modern conveniences, are
multiplied by the restlessness of
the workers Hardly week passes
without a strike of electrical work
ers, porters, cooks, maids-in which
case the hotels. as well as the Of
fee buildings in which the for
eigners must work, are dark and
without service.
Within the last three months
there have been strikes on the I'M
derground and surface railways, in
the electric power plants, OF all the
employees in restaurants, the chauf-
feurs, as well as workmen in such
trades as tailoring. printing and
other lines. The last strike was
called by the janitors of apartment
and office buildings which were left
without heat during the coolest
DAYS of the winter.
And to every bill which the pa
irons of the hotels and restaurants
must pay there is added diversity
of taxes or surcharges for the state.
the city or the help. Also. tips are
still expected and received, al
though hotel and restaurant en-
ployes recently consented to abol-
ish the tip when granted a 10 per
cent commission on all bills. an in
crease in wages. and a percentage
of the weekly incomes OF their en-
pioyers.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-01-20
TAKES DAY Off;
| LANDS IN JAIL
Especial correspondence


Kewanee, Jan. 20.-Walter Eber-
fardt worked for two years straight
b Sterling, H., without even TAX
tng day of. This week he came
10 Kewanee to visit his mother and
bow he is being held in the city
Eail on charge of robbery. Eber-
fardt states that when he arrived
n this city he learned that his
tmother had a boarder who was in
rodueed to him as Mr.. Goldberg.
Monday night Eberhardt says
PIE was going to the little
store nearby to buy some cigar
iets He stated that Goldberg ac-
lcompanied him, and when they ar
fired In the store, which was opera
cd by Mr.. DeBakey, Goldberg
shed revolver and asked the
Proprietor to hand over the cash.
The Sterling man says he did not
VAT to get his cigarets, but fed
aome and hid himself in bed. He
3dld not leave the house until the
leTt morning when he was arrest
IA Goldberry is also under arrest.
Etate's Attorney Carl A. Melin of
cambridge will be here tomorrow
make further investigation of
tie case.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-01-20
nils HAVE GAY
|1IME FOR FIRST
| HOUR TRADING
nv sTuART p. WEST

~.u street, New York, Jan. 20.--
n hour or so in today's ses-
me stock market gave very
4 imitation of an old fashioned
= noyement." There were oc-
~anees quite as spectacular as
OF the "war-bride"
,riation of 1915-1916 or of earl
ssvs when Wall Street was
80 10 the most tremendous ex-
over reports and rumors of
H-av and industrial combina-
-assv. under very different con-
49, IN the business world it was
ain the suggestion of merger
n which aroused the speculative
nrnnity. 1t is known that some,
these stories are well founded
E.sotIafions for a union of the In
.sssdeut steel producers have
- In progress for more than a
ksrth and are believed to be ap-
f,osching a conclusion. But just
Esat companies are involved, and
Il THAT prices their stocks will be
f.asn in, are matters which prob
Inv have not yet been determin-
! and. not being settled. they af
n plenty Of room for the indul-
koce Of speculative imagination.
kere is nothing now( either,
|sout the reports of some sort of
4 eopper merger, which despite per-
kaent denials the street is dis
Led to believe. But the discus
sIou OF possible deal between the
Fuban Growers of sugar and the
buerican Refners, were for the
Eost part, a brand contributing to
la market suitation today.
An overnight jump of 10 points
Il Replogle StAel and advances of
to points in other members OF
he steel group were the immedi-
liz response to the merger Cos
kip The advance in American Su-
gar Cuban American Sugar and
Ether similar stocks was no less
kiolent. The extraordinary gyra-
hons in Gulf States steel, which,
ban up another 10 points and then
promptly broke 20, were an Incl
Kent BY themselves. That is, there
|xas no merger talk to be held re-
tponsible, but rather the idea which
breviously had been formed that a
contest for control was on in the
open market.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-01-20
Weather Forecast

Illinois: Unsettled weather with
snow Saturday and in south por-
ton tonight; rising temperature to-
night and in east portion Saturday.
Missouri: Unsettled weather to-
night and Saturday, probably snow !;
rising temperature tonight.
Wisconsin: Unsettled tonight;
colder in northwest and slightly
warmer in south portion; Saturday
probably fair.
Iowa: Increasing clOudiness to-
night; rising temperature in south
and extreme east portions; Satur-
day unsettled, probably snow in
south portion
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-01-20
DruGoods Market
BY STUART P. WEST
Copyright. 1929

New York, Jan. 20.-Demand for
clothes continued light and scat
tered today as no preceding days
of the week. Moderate business
was reported on certain construc-
lions. Practically ali of the trad
ing was in print cloths and there
was no call for sheetings and
other descriptions. Prices were
quoted as unchanged but fairly
steady. A better sentiment among
sellers was created by the uplift
in cotton but buyers still showed
great caution. Southern 3S1z inch
64x60s, 5.35 yard print cloths were
held by first hands at 81. and there
were reports of a slightly larger
figure
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-01-20
PLANT TREE TO
TAKE PLACE OF
ANCIENT PINE

Tokto.-The famous old pine
tree of Karasaki, on the shore of
Lake Biw, famous in song and leg
end and visited by thousands of
pilgrims each year as one of the
eight beautiful scenes of Lake Biwa,
is dead, says the Japan Advertiser.
This ancient pine was said to be
LOO years old, having lived from
the time of the Nara Epoch. During
the last year it has withered and
died.
Recently there was held on the
shores of Lake Biwa a ceremony
ito transfer the spirit" of the an
cient tree into a younger tree that
will succeed to the honor and near
worship which has been bestowed
on the "Karasake no matsu." The
youthful successor of the veteran
which has passed, is only $50 years
old and is claimed to have sprung
from seed cast by the old tree. The
solemn ceremony was held under
the direction of Kasai, priest of the
more than 100 of the highest digni-
taries of Shiga prefecture.
The ancient pine was of that
low spreading variety often seen in
this. country. J.. Although only 80
feet in height, dts branches covered
a span of 1913 feet from east to west
and 154 feet from north to south.
The area Swallowed by its wide
spreading branches was 1920
square feet.
The new tree of smaller dimen-
sions is 90 feet in height and IL
feet five inches in the circumference
of it's trunk. The area covered by
it's branches is only 1,500 square
feet But this tree is still young
ster and has $50 years in which to
reach the dimensions of the ancient
pine of Karasaki that has just
passed.