davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-02-02
American no.ch Magnetic.

The action of yesterdays market for
the American Bosch Magnetic Company's
shares suggested that wall Street had
adopted the attitude that the present in.
vestigation of the German Bosch prop
erty by the Alien Property Custodian
could have no bad effect on the price Of
the shares. Interests identified with
the company have insisted, ever since
the probe was first limited at. that no
difference in the value Of the stock
would result from the investigation. If
it were found. they declare, that the
sale Of the property had been illegal, the
present stock would have a liquidating
value of about SAL a share. In that
event, It was said, the company would
have to turn back to the Government
the property as 1t stood at the time of
its purchase, receiving in exchange the
amount paid for the property. A great
deal Of business and outside interests
have been added to the property since
its acquisition and they would remain
the property of It's present stockholders.
Included therein Is the Gray & Davis
contract. which, Bosch officials declare,
has proved profitable.
The New York herald., 1922-02-02
To split Up stock.

Notwithstanding assertions of certain
of its directors that no action looking
to a readjustment of the Electric Stor-
age Battery Coqnpany's capital would be
taken at this time 1t was decided In
their meeting yesterday to split up dts
present stock on a four for one basis,
subject to the approval Of its stock
holders. The plan Is to issue new shares
OF no par value and exchange four Of It's
new shares for one of its present 500
par shares. The stockholders win be
asked to ratify the proposal at their
annual meeting scheduled for April. The
extraordinary strength Of the stock in
recent weeks has led to considerable
speculation as to just what was intended
in the way of a distribution for the
stockholders. Rumors of big stock
dividend were heard for a time, then
came stories Of proposed capital re-
adjustment Certain directors, how
ever, have asserted that even II such ec-
ton were taken later there was no pos
sibility of its being done at this time.
1t is limited that the new shares will
receive q dividend of 81 annually or the
equivalent of $16 on its present stock,
which pays but s12 year.
The New York herald., 1922-02-02
STEEL PRODUCTS SHOW
INCREASE IN DEMAND
RenesOed Activity Especially
in Fabricated Material.

A much better demand for steel prod
ucts appeared toward the end of Janu-
ary, both for new construction and for
tho replcniehment of sadly depleted
stocks, according to the iron Ages week.
ly review. There is moro Improvement
seen in the Chicago district than in the
Pittsburgh district, It was said. and op-
erations In Chicago are at a considerably
higher rate, bringing tho average for
the United States steel Corporations
plants up to 40 per cent.
Activity in fabricated Steel" says the
review. "is still the brightest spot. Be-
sides 10000 tons placed with the Amer
ican Bridge Comrany for the Chicago
Union Station. other awards totalled
more than 21,500 tons. The volume OF
new work appearing was 1850 tons.
Altogether. the weeks developments
have been more encouraging as 10 the
The New York herald., 1922-02-02
Motor Stocks weak.

The selling of the motor stocks IN
yesterdays early trading was based on
two factors. First, the Street had heard
that big automobile company was to
be put into receivership and consider
able time was spent In endoavoring to
guess which one 1t was. Second, Dodge
Brothers price cut, announced yester-
day. was larger than some traders had
looked for and. as a result. they sold
motor stocks Immediately after It's an
nouncement. After the announcement OF
tho Locomobilo Company'b receivership
was made the atmosphere seemed to
clear considerably and better tone APP
peared among the motors. The net re-
suit of the change of front was gem
erai but moderate upswing in those
stocks and, with the exception of Pierce
Arrow and one or two other issues they
closed with fractional gains on the day,
The New York herald., 1922-02-02
TOPICS OF WALL STREET,
The Money Anomaly.

/, Call money against stocks was In de-
mand yesterday owing to the fact that
twenty-three. banks called outstanding
demand loans, and, as result, the rate
advanced In the early afternoon from
the renewal rate Of 5 per cent to a
maximum of per cent. The rates In
the outside market moved similarly
Time money was nominal A banker
explained yesterday that the Federal
Reserve System absorbs at present funds
which, in the old days. would have
pressed on the market. and that. IN con-
sequence. speculative loans were orphans
which obtain only funds not otherwise
used. Such a rate az 9 per cent, how
ever. begins to draw funds to this CEN
ter from out of town, and rates have
been firm for sufficiently long time
to indicate that lower rates from In
creased supply win be made in the near
future.
The New York herald., 1922-02-02
BIG OUTLET IN CHINA
SEEN FOR u. s. STEEL
Banker From, Canton to Open
q Branch Here.

china's need for additional transpor-
tatlon facilities was pointed out yes
terday by Yuk Tong III. former Minis
ter of Finance and chairman OF the
Bank of Canton. in statement which
said that whereas there Is a mile OF
railroad track for each $50 people IN
the United states, thero ara 1900 people
fdr each nile In China. This fact In
dicstes," he said "that In China may
be found a ready market for surplus
American products OF iron and steel
mills, car and. locomotive shops for
years to come"
Mr.. IA has been in New York for
some time, his mission being TO open
an agency of his bank here. lie started
yesterday on tour OF industrial and
commercial centers OF the United States
and Canada
During the last twelve months" he
said, ''the Department Of Commerce.
valued American exports to chIna at
The New York herald., 1922-02-02
Added TO Alton Board.

Charles Hayden. chairman Of the Rock
leland roads directorate, and Marcus L.
Bell. It's vIce-president and general coun-
sci. have been elected to the Chicago
end Alton Railroads directorate and
executive committee to succeed J. s.
Maclie. who resigned on account OF III
health, and Roberts Walker. whose
duties representing the bondholdcrs'
committee had ended.
The New York herald., 1922-02-02
Foreign Exchange.

Demand sterling's rise to $4.2S% for
a new high on its present recovery yes
terday attracted considerable attention
IN financial circles. It was agreed that
British trade position is on the mend
and that England's position interna-
tionally is steadily growing better.
Nevertheless. there appeared to be no
special explanation Of the strength, the
upward move being regarded az squirt
which would be followed by reaction
to be succeeded by other heart beats to
carry sterling to still higher marks, as
the trend is believed to be toward Inn
proyement
The New York herald., 1922-02-02
Traction Securities strong.

Heavy trading in traction securities
broke out yesterday on the floor Of the
New York Stock Exchange and in the
Curb Market just before the close and
big demand for all securities OF that
class sent stocks and bonds up sharply.
The advance was particularly noticeable
in the bond list. Word from Albany that
big New York interests had announced
themselves as in favor of the Transit
Commissions plan and against the munic-
ipal ownership proposals of Mayor Hy-
Ian were responsible In some degree for
the big buying. The Interboro-Metro-
polltan Az per cent. bonds got up to II.
The New York herald., 1922-02-02
si5o.ooo.ooo an increase Of 100 per cent.

$3.50. 900. an increase Of 500 per cent.
over the total In 1914. The United
States sells to China 81 per cent. OF
per cent. OF motor cars. 5s per cent. OF
leaf tobacco. 60 per cent OF Kerosene,
81 per cent. OF cigarettes. AZ per cent.
Of nails and rivets. CA per cont. OF sheets
and plates. % per cent. OF boots and
shoes. 6s per cent. OF lubrIcating oils,
81 per cent. OF railway cars, 2f per cent.
OF raw cotton, 80 per cent. of galvanized
iron and wire and 80 per cent. of all
machinery"
A purpose, Of Mr.. LIS visit, he said
Is to gain knowledge which will pro-
mote the expansion Of trade between
the two countries.
The New York herald., 1922-02-02
Atchison Annual sreetine.

The annual meeting of the stoclShold-
ers of the Atchison, Topeka and Santa
fre Railway will be held In Topeka on
April "a for the election Of three d.
rectors. confirmation of the lease Of the
California Southern Railroad and other
matters which may develop prior to the
meeting. Tho roads transfer books will
be closed on March 20 and reopened
after the meeting on April 81.
The New York herald., 1922-02-02
A. n. GILBERT MADE pARrrER.

Arthur II. Gilbert has been admitted
to partnership in the firm Of Spencer
Trask e. Co. as OF February 1 ana will
be resident In Chicago IN charge Of
their office IN that city Mr. Gilbert was
graduated from Harvard college, class
Of 1901. was for a considerable time on
the Boston STOCK Exchange and since
1906 has been associated with Merrill,
Oldham & Co. OF Boston. specialists il
railroad and public utility bonds.
The New York herald., 1922-02-02
Tnlk of stock Dividend.

The weyman Bruton Company's plan
to change its present 500 par value
stock to shares of no par value and issue
four times as many shares as are OUT
standing has led to talk of q big
dividend on the stock. Officials Of the
company and interests identified with it
have declined to discuss the proposal.
The name of the company, under the
plan, is to be changed to the United
states Tobacco Company and it's manu-
featuring operations are to be extended
to embrace tobacco products.
The New York herald., 1922-02-02
ALLIED PACKERS, DEFICIT.

Tho annual report Of Allied Packers.
Inc, for the year ended with October 20.
shows operating profit of s2a7.eso after
maintenance charges and reserves. Az
ter providing for bond interest tho COM
pany's deficit was ssss.o4s.
The New York herald., 1922-02-02
clover Lear snare. stli stsons.

Toledo, st. Louis and Western shares
gave q further demonstration OF their
strength in yesterdays market. The
roads financial position will be greatly
strengthened by the recent settlement.
under which Its collateral trust 4 per
cent. bonds, secured by It's holdings of
Chicago and Alton stock, were extin-
guished. The Glover Leaf, moreover. is
understood to havo been remarkably
successful In effecting operating econo-
mics and with the result that it's current
earnings are running well. The COM
panys business is nearly ell freight
traffic, over main Inns from Toledo
to st. Louis and branch to Detroit.
The New York herald., 1922-02-02
Orders for American Locomotive.
The New York. ontario and Western

The New York. Ontario and Western
Railway has given the American Loco
motive Company an order for four 15s
ton mountain yse engines. The latter
also has orders from the Dsxas Gulf
Sulphur Company for an eighty-one ton
consolidation locomotive. from Winston
& Co. for a fifty-three ton prairie type
engine, from the UNIVERSAL Portland
Cement Company for seventy-one ton
six wheel switching engine and from
Stewart. Jones q Co. for a forty ton
four wheel tank engine. The order fof
five engines recently received from the
Lackawanna Railroad called for 152 ton
Pacific ,angines.
The New York herald., 1922-02-02
impetus to come from thc seasonal buy

impetus 10 come from the seasonal buy
ing expected In the next two months"
The Iron Trade Rerietc says:
Better bookings and larger volume
of inquiry are reported from various
quarters of the steel market. Production
Is again turning upward. A leading
Pittsburgh Independent is starting two
more blast furnaces. independent steel
works in the Youngstown territory have
Increased operations to SO per cent. this
week." A further fall to $32.92 In the
Iron Trade Roucto's composite market
price OF fourteen iron and steel products
is shown this week. This compares with
sS3.27 week ago. ss3.45 for all January
and s2s.o5 for February, 1918
The New York herald., 1922-02-02
CANADA.

New York funds In Montreal, $40. % pre-
MUM n 81 900; Montreal funds In New York.
s4s.1e discount si.Qoo.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-02-24
LOT 2

5ODresses formerly priced up to $1,000 by
the Oliver Style Shop, in Canton CrepeS,
SergeS, Crepe KnitS, Poiret Twills and Kit
tens Ear Crepe. Sizes 10, So, 50 only. Just
one of kind. Extra special during THIS
SALE
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-02-24

80 Dresses from Oliver Style Shop in Tai
fetas, Serges, Canton Crepes, Georgettes, Sat
ms and Crepe Meteors Just one of a style.
All colors. Oliver Style Shop prices up to
$4,000 Sale Price
The weekly times-record. (Valley City, N.D.) 1912-1922, 1922-04-06
House Labor Committee Plans Early
Ending OF Strike-To Be Pro,
posed In Next Meeting. /

Washington, D. c., April 4-Plans
for an early ending of the coal strike
may be proposed in the next meeting
of the house labor committee, Repre-
sentative Nollen of California, Chair
man of the committee, said today.
The plan is for having. an Informal
conference of miners and operators
in the central competitive fields who
are not hostile to an interstate wage
Nollen believes that such
a conference will be able to draw up
a wage agreement that will meet
with the approval of the miners and
operators in this field This meets
with the approval Of President Lewis.
The anthracite workers quit work
pending the outcome of the wage ne
gotiations in New York. Lewis said
that the operators are united and wiH
refuse to enter into an informal con-
ference. Nollen believes that the op-
orators in the central competitive
fields will approve of the plan and
this will force the operators in other
fields to- approve. The Pennsylvania
operators absolutely refuse to meet
the miners in conference to confer
on an interstate wage agreement.
The weekly times-record. (Valley City, N.D.) 1912-1922, 1922-04-06

L. B. Hanson, who announces him
self as a candidate for sheriff in this
neck Of the county needs no introduce
ton to our readers. He is son of
the late Hans Hanson, a pioneer set
tier of this part of Barnes county
and who for twelve years was county
commissioner from this district. Lewis
is also what you might call a Barnes
county pioneer, being one of the first
white children born in this county.
He was born in what is now Oakhill
township, thirty-seven years ago last
January. He has lived in the county
all of his life except about one year.
He is one Of our progressive farmers
conducting operations on part of the
old homestead. He has had about one
years experience in the office for
which he announces himself a can
didate, having been employed for that
length of time during the incumbency
of the late Hans Stenshoel.-Kath-
ryn Recorder.
The weekly times-record. (Valley City, N.D.) 1912-1922, 1922-04-06

Mary Louisa Bwifield was born in
Toulon, Stark county, Illinois, May
18th, 1854, where she resided with
her parents until they removed to
Huston county, MINI. Here she
grew to womanhood and at the age
of 81 years was united in marriage
to Robert Fairbanks. In 1881 they
came to Valley City and were among
the early pioneers. They made this
their continuous home until the death
of Mr.. Fairbanks in 1914. She has
since made her home with her chill
dren, four of whom survive her, Ray
of Seattle, Roy of New York City,
Mrs. Myrtle Kaiser Of Berthold and
Albert Of Crookston, MINI. Mrs.
Fairbanks passed away at the home
Of her sister Mrs. j. C. Miller of Sc
attic, WASH, Saturday, March Is,
1922. The remains were brot to this
city and laid to rest beside her hus-
band and daughter Lois.
The weekly times-record. (Valley City, N.D.) 1912-1922, 1922-04-06

At the last meeting Of the kiWanis
Club, the president, T. Melvin Lee,
brought forward plan for munic-
ipal swimming pool and skating rink
for the benefit of the young people
of Valley City. The members of the
club were asked to consider the mat
ter for future action.
President C. E. Allen was one OF
the guests at the luncheon and was
asked to express his opinion OF the
proposition. His remarks were very
encouraging. He assured the kiwan-
ians that the Teachers College would
be very favorable to an improvement
of this kind and would give it every
encouragement possible. He also stat
ed that he hoped the College would
be able to give it financial support
in proportion to the benefit to be de-
rived from it by the students.
The excellent municipal swimming
pools enjoyed by the people of Bis
marck and Grand Forks were men,
toned and the need of such an i'm
provement in Valley City for the well
fare of the young people particular
" was shown with certainty. This
matter will be brought before the
Rotary Club and again before the XII
wants Club, and, if these two organi-
cations approve of the idea, complete
plans will be drawn up and submit
ted to the city council. 1t is ex-
pected that such an undertaking will
cost five or six thousand dollars. 1t
ought to pay an annual moral divi-
dend of 100 percent to the people OF
Valley City.-Contributed.
The weekly times-record. (Valley City, N.D.) 1912-1922, 1922-04-06

The teachers convention opens in
this city tomorrow. Feeling that
something should be done for their en-
tertainment and the condition of the
streets preventing tour of the city
by auto, the committee in charge de-
cided to ask Manager Piller to put on
special matinee for the afternoon.
This he has agreed to do and has Sc
cured for the occasion a Goldwyn pic
ture "Come On Over" in which COL
leen Moore assumes the stellar role.
This is big picture and Mr.. Piller
was lucky to get it for tomorrow.
Owing to the fact that there will be
large number of teachers in the city
Mr.. Piller will run two shows in the
afternoon, the first show will be
started at 500 o'clock and will be the
regular matinee. The teachers ma
tinee will start at 4:30 and only teach
ers will be admitted. Don't forget,
the regular matinee at 500 o'clock
and the teachers matinee at 4:3O.
The weekly times-record. (Valley City, N.D.) 1912-1922, 1922-04-06
A Consolidated School basketball

A Consolidated School basketball
league was organized this year among
that class of schools in the state.
The county and district tournaments
have been played and, to decide the
consolidated school championship of
the state, tournament is to be held
in Valley City next Saturday, April
Sth. We are unable at this time to
find out just what teams are entered
for the tournament but we do know
that there are at least four entries.
The preliminary games will be play
ed in the afternoon at the High
School gymnasium and there will be
a double header in the evening, the
winner of the tournament being de-
clared the state champions for con-
soidated schools. There are some
mighty strong teams in this class in
the state and the games promise to
be good ones so a large crowd is ex-
pected to attend.
The weekly times-record. (Valley City, N.D.) 1912-1922, 1922-04-06

The Ministerial Association met yes
terday in the social room of the Con-
gregational church. Rev. J. S. Wilds
gave an interesting talk on "Devo-
tional Books. Rev. Victor Philips of
Darcy was also present, and is now
included in the membership of the
Association. The pastors of nearby
towns are receiving invitations to join
the association, and the Association
has been favored by the presence of
several thus far. Plans were made
yesterday to have Three Hour ser
vice Good Friday in the Grand the
atre. A committee was appointed to
confer with Mr.. Piller, manage of the
Grand theatre, and to make further
arrangements. It is planned to have
seven ministers make addresses on
the last seven words of our Lord,
which He uttered from the Cross.
The weekly times-record. (Valley City, N.D.) 1912-1922, 1922-04-06

Miss Florence Webster Of Fargo,
N. D., is to be the first woman ever
appointed as a Baptist missionary
from North Dakota. This announce
ment was made recently when she
was told that she was to be one of
the ten young women who will sail as
during the summer and
fall, under the auspices of the Wo-
mems American Baptist Foreign Mis-
sion Society. She will go to East
China. Miss Webster is graduate
of Fargo Conservatory of Music and
one of her duties in her new work
will be to teach music on the foreign
field. She will also serve as secre-
tary to the Wonaan's Committee OF
Baptist Missions of East China. She
is at present in Hasseltine House,
Boston, Mass. where she is one of a
number of girls who are being train
ed for missionary work.
The weekly times-record. (Valley City, N.D.) 1912-1922, 1922-04-06

Eva Ashley Parslow's volume, the
"Star of Gold and Other Poems," has
been recently added to the collection
at the public library. The author,
who is the Preceptress of jamestown
College,. is well known through her
poetry and short story contributions
in the magazines, as we'll as in book
form.
The following press comments
speak for themselves regarding the
value and charm of the beautiful word
music contained in "The Star Of
Cold"
"Pleasing bits of verse * * sincere
and bearing the impress of Thoughtful
contemplation. A Distinguishing
characteristic is their wholesomeness
" " displays poetic imagination * s.
shows the stamp of intellectually
90. s. graceful poems * * delicately
above the average. "-Deseret News.
expressed s. s Lovers of poetry will
be impressed with many of he lines"
Utica Observer.
The weekly times-record. (Valley City, N.D.) 1912-1922, 1922-04-06

Short funeral services were held at
the Holberg Undertaking Parlors for
C. C. Curtis at TOO o'clock last night.
Only a few close friends were in at
tendance, the services being private.
Following the services the remains
were taken to Minneapolis on No. s
by Fred J. Fredrickson. Mr.. Fred
rickson will be met in Minneapolis by
the sons of Mr.. Curtis and the body
will be inferred there today follow
ing funeral services by the Masonic
order. Rev. Thos. E. Nugent had
charge of the services in this city
last night.
The weekly times-record. (Valley City, N.D.) 1912-1922, 1922-04-06

The town will be full of teachers
tomorrow coming from various parts
of the southeastern district Of the
state. Valley City will welcome them
and trusts that their visit will be one
of pleasure and profit to all concerned,
This is one of the big conventions of
the year and this city is very FORUM
ate indeed to have the teachers come
here for their deliberations. Arrange
ments are being made for their enter
tainment and it will be no fault of
the various committees in charge if
the two days sojourn here is not en-
joyed by the visitors.
The weekly times-record. (Valley City, N.D.) 1912-1922, 1922-04-06

The members of the Royal Neigh
bors held a card party at the K. Of P.
hall yesterday afternoon. There
were 80 tables of whist in play, the
prize for the afternoon being award
ed to Mrs. Harry jacobson. The con-
ISOLATION prize was awarded to Miss
Wright. Following the card playing
the ladies served delightful refresh
ments. The guests state that the af-
ternoon was an enjoyable one and
that the ladies of the order are real
entertainers.
The weekly times-record. (Valley City, N.D.) 1912-1922, 1922-04-06

Mr.. and, Mrs. M. =. J: Mitchell and
Miss Cecil Butterfield are guests at
the home of Mr.. and Mrs. A. G. Ber-
kan during the week. Mr.. and Mrs.
Mitchell are from Matte, Mont, and
have been visiting at the home OF
their niece since last Monday eve
ming. Miss Butterfield is a cousin OF
Mrs. Berkan and lives at Sioux City,
Iowa. They will leave for their res
pective homes on Sunday.
The weekly times-record. (Valley City, N.D.) 1912-1922, 1922-04-06

John C. Larson, janitor at the S.
T. c., died at lao Wednesday morn
ing from the effects of brain fever.
Mr.. Larson was only i'll about two
days. Funeral services will be held
tomorrow afternoon at the Somdahl
Chapel at 1870 and at Our Savlors
Lutheran Church at 200 o'clock. The
remains will be inferred in Woodbine
cemetery.