davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1922-09-06
MARKET
IRREGULAR IN
. EARLY TRADING
Trading Dull, but Some Rails
and Industrials Regain Yes
terday's Losses.
By w. 8. COUSINS.


Copyright, 1s22. by Cosmopolitan News
Service.)
NEW YORK. Sept. 6.--The stock
market was dull and inclined to be
somewhat irregular in the early
trading today. It is true that quite
a number of the speculative rails
and industrials regained most Of the
losses sustained in yesterdays mar
ket, and that considerable buoyancy
was In evidence In different sections
of the speculative list. But the
morning session was devoid OF
aggressive buying depand such as
has been In evidence in recent
weeks, and the effects Of which
have been seen in, the gradually
ascending level Of average prices.
Judging from recent developments
in trade and business, there Is nc
reason why the stock market should
be exhibiting weakness at this time
With major labor troubles in the
background and car loadings, that
important barometer Of economic
conditions, making an excellent
showing, II would appear that prime
securities had a much more sub
stantial foundation for real worth
and value. But swings in the stock
market bear very little relation tc
day.to-day Developments in trade
and industry, especially where It Ii
possible to forecast them with 9
fair degree Of accuracy.
Perhaps the most significant
factor in influencing sentiment In
the first period was the statement OF
the chairman Of the railroad confer
ence to the effect that the shoI
forces on the railroads in the East
ern distI scts had increased from
97,724 on July % to 130,9l0 on Sep
tember first, The weekly gain from
August "a to September l was from
$500 to 5000 employees. A recognized
authority on railroad finance stated
today that the class one railroads ir
1922 showed net operating income oi
$500. 900 900, or about 5 per cent or
their actual investment, compared
with s615, 900 900 net for 1921. Every
month up to July shows a marked
Improvement over last year.
AS to the course Of the stock mar
ket at present, professional opinion
had learned to the convention that y
temporary reaction, following the
long period Of ascending prices, hal
been somewhat overdue. Advances
Of from to 20 points in a number
Of the outstanding speculative lead
ers have not only given the longs 4
considerable paper profit, but also cs
tablished higher levels from which
the shorts can put out new lines. Il
10 this so.called technical situation
rather than outside development
that may be held accountable for tn,
quite general selling of stocks today
The Mexican oil stocks were under
liquidation as a result of further dis
appointing statements from In,
Teteco district, this time substan
tiated by no less an authority thar
the Standard Oil Company. Pan
American also sold off 2 points.
The Washington times., 1922-09-06
OIL COMPANIES
IN MEXICO MAY:
LOSE MILLIONS
Salt Water in Wells Threatens
Exhaustion Of Fields Now
Producing.
Nv International News Service.

NEW YORK, Sept. 6.-Loss OF
half of the $500, ,oOO, 900 invested by
operating companies in Mexican oil
fields Is threatened because Of the
virtual exhaustion of a number Of
the most important producing fields,
caused by the salt water invasion.
the Standard Oil Company Of New
Jersey predicts in the Lamp"
THE first era Of the Mexican oil
industry is drawing to a close, "
the article says. "It Is safe to assert
that few, IL any, of the existing oil
companies have been reimbursed
for their original investment up to
the present time, and that collec.
lively they now face a loss of not
less than one.half Of the original
investment.
"If the companies had foreseen
the conditions which now exist, they
would never have invested the
capital which has gone into the de-
velopment OF the Mexican Petro-
leum industry.
1.-THE oil industry in Mexico will
have no future unless an intensive
effort to find new fields of pro.
duction be undertaken and success
fully prosecuted"
The Washington times., 1922-09-06
Chicago live Stock.

HOGS-Receipts, $4,000. Market.
steady. Bulk. 6.50Q9.30: top, s.35:
heavyweight, 7.70@S.90; medium
weight, S.50@9.30; lightweight, 9.10
@s.35; light lights, S.90@9.25: heavy
packing sows, smooth. 6.50@7.0O;
packing sows, rough. 6.ooQ6.5o; pigs,
7.25QS.25.
CATTLE-Receipts, 10000. Mar
ket, steady. Beef steers, choice and
prime, 10.50@11.25; medium and good,
S.00@10.00: good and choice. 10000
11.15; common and medium, 5000
$50. Butcher cattle: Heifers, 5000
$50; cows, 4.00@S.00; bulls, $3.50
$50. Gamers and cutters: Cows and
heifers, 2.25@3.75; Gamer steers.
$500 500; veal calves, light and
handy weight, 10.O0612.50: feeder
steers. 5.00@s.00; stocker steers, ATE
OILS; stocker cows and heifers, $50
$500; stocker calves, 5.50@7.50.
SHEEP-Receipts, $4,000. Market,
15c to 25c lower. Lambs, 81 lbs.
down, 12.00@12.75; lambs. culls and
common, 8.00@11.50; spring lambs,
yearlings, 9.00@11.00: yearling weth-
ers. 7.0O4S.50; ewes, 5.50@7.25; ewes,
culls and common, 1.50@3.50; breed.
ing ewes, 5.50@11.75; feeder lambs,
11.00612.75.
The Washington times., 1922-09-06
SPECIAL JURY
!. ON WAR FRAUDS
MARKING TINE
No Further indictments Ex-
pected Until After No
vember Elections.

Very little can be expected in
the way of additional war frauds
indictments until after the Novem-
ber elections, 1t was revealed to-
day.
The special war frauds grand
jury that recessed q month ago to-
day has been given a further re-
spite until Wednesday, September
10. Some of the Department OF
Justice attorneys working on the
war fraud cases are out Of the city
and will not return until the latter
part of this week or the first OF
next week.
Furthermore, a number of clerks
who had been assigned to this work
were given vacation leaves during
Just returned, so that II will re-
quire a few days to put the clerical
work. in shape for the grand jury
to proceed.
Under the organization Of the
District of Columbia Supreme
Court the present term will expire
October /, which automatically
will end the tenure of both the reg
ular and special grand juries. 1t
will be necessary, therefore, to i'm
panel new grand juries. regular and
special. for the new term begin
ming the first Monday in October
and continuing until January.
With only thirteen court days
left after the grand jury reassem-
bles next week 1t will not give suf-
ficient time to take up any Of the
important war fraud cases the De-
partment of Justice has had under
investigation. Consequently all the
present grand jury can accomplish
Is to pass on one or two minor
cases. Cases like the Chemical
Foundation sale, Bosch Magnetic
sale, air craft contracts, etc, must
go over for consideration by the
next and succeeding grand juries.
Any one of these big cases will
require a month or longer to pre-
sent to the grand jury. That would
mean the next batch of important
indictments could not be returned
until well along in November, some
time after the fall elections.
The Washington times., 1922-09-06
American Telephone & Telegraph Co,
I82nd Dividend

The regular quarterly dividend of two
dollars and twenty-five cents per share
will be paid on Monday. October 1s, 1s22.
business on Wednesday. September 90.
H. BLAIR-sMITH. Treasurer.
The Washington times., 1922-09-06
New Finance Company
To Open on October l
Prominent Washington Business Men Or
ganize Finance and Credit Company,
With James T. Lloyd
as President.
By HARRY GuSACK.

Prominent Washington business and bankers will
officers on board of directors of newly organized
finance company be known the Finance and Credit Com
pany, with offices in the Woodward Building, it
nom nda
The Washington times., 1922-09-06

James T. Lloyd. former member Of
Congress, vice president OF the
Chamber of Commerce, and promi-
nently identified with civic affairs in
the District of Columbia for q num-
Der of years, will be president Of the
new organization.
Frank K. Ghiselli, assistant trust
officer of the Merchants Bank and
Trust Company, will be treasurer Of
the concern, but will also continue
with his present duties at the bank,
II was stated.
In addition to the officers, who
are well known in local financial
circles, the following are identified
with the organization as members
of the board of directors: Sylvanus
Stokes, ST., capitalist; Charles F.
Galloway, former civil service com.
missioner; e. d. Maxwell, contrac-
tor and builder; H. King Cornweli,
Oliver Metzerott. attorney; Oscar
]. Ricketts,, former public printer;
George H. Winslow and r. 8. Mar
shall. Mr.. Marshall was one of
the organizers Of the international
Finance Corporation. Other promi-
nent business men. whose names
will be announced later, will be
Obear & Douglas, attorneys, are
general counsel.
Directors to Meet Soon.
A meeting Of the board Of directors
will be held September 10, when
final plans for operations will be for.
mulated. The company expects to
begin business October l. One Of
the larger trust companies Is being
considered as trustee, and five banks
have been selected as depositors.
There will be no bonus stock In the
organization; the common stock will
be of no par value, and the preferred
will be 8 per cent participating. GU
mulative.
The capital stock will be $500, 900.
r.. s. Marshall Company. Inc, 921
Fifteenth street northwest, are the
fiscal agents.
The Washington times., 1922-09-06
Local StockA
SALES.

Washington Gas SIS, S5o0@94i3
$5o0@s41s. s5o0@s4h. s1.0o0@s4h
Washington Railway and Electric
as, $1.000@75, $1,000@75, S1.oe04f5
Potomac Electric first SIS $1,000
@s7. ..
Capital Traction. 1@1o3. l@1o'
5Q102%.
Washington Railway and Electric
preferred. 25@76. 25@7s14, 1o976h
25@76x.
Norfolk and Washington steam
boat, 10000.
Washington Gas Light. 5@6o%
5960%, 5981, 25461.
Lanston Monotype. 20@So, 1oQs0
10@80, 10@S0.
AFTER CALL.
Capital Traction SIS, $1,000 9Sh
s., ,o0o@sSh, s1.o00@ssh. $4,000
sSh, S1000@sSh. -
Washington Gas SIS 81 ,000494h.
Capital Traction, 2@102%.
MONEY.
Call loan, sos per cent.
The Washington times., 1922-09-06
Eight Months
EAAln&

The principal new offerings todly
are two issues of State bonds aggre.
eating s6.s0o,0o0. A syndicate,
headed by Watkins & Co., Is offering
an issue Of $4,000, 900 State Of Mis-
souri, ~ per cent road bonds, due
q, ,o00. 900 September I, 1925, and
$4,000, 900 September I, 1927. The
bonds are offered at prices to yield
40 per cent.
An issue of 1880. 900 State Of
North Carolina ~ per cent Is offered
by a syndicate headed by Kissel, Kin
nicutt & Co. These bonds are due
seriaily from July 1. 1s47. to 1856,
and yield about 4.30 per cent on the
investment.
Announcement is made that the
new issue Of 100000 d. q. Derry
Corporation first mortgage Z per
cent sinking fund gold bonds, offered
at par by Redmond q Co., have been
sold and the offering books closed.
The Washington times., 1922-09-06
REALTY. VALUE
Up PS18,954,635
|. IN FISCAL YEAR
Assessor Richards Reports
city's Total Property Is
Worth $726,ooo, 900.

Value of real estate and improve
ments in Washington jumped SlS'
954. .635 during the fiscal year endina
June 80 last, William p. Richards
District Tax Assessor, reported to
day. He said this brought the totaI
value Of property in the District tc
$726 ,000, 900.
The increase in the assessment ID
more than double the increase ol
SO, 1886, ,013 Of last year. This is ex
planned, however, by the fact thai
for the present fiscal year the as
sessment in on full value instead Of
two.thirds value as heretofore.
The increased assessment resulted
from the erection Of 1.454 brick
buildings, 1.04S frame buildings and
1.40S concrete and metal buildings
The destruction Of 1856 buildings
brought down the assessment con
siderably.
The assessments on new buildings
totalled about s17.000.0o0 and tht
on additions and improvements
about $1,s00,000.
The Washington times., 1922-09-06
Rules on Sugar Freight Rate.

The Interstate Commerce Commits
sion today held that the proposed
increased freight rate on sugar
from Baton Rouge, La, to Gulfport,
Miss, and Mobile, Ala, were justified
when applied to less than carload
lots. but were not justified in carload
shipments. Under the new rates,
which will go into effect on October
Z, the rate on less tnan carload ship
ments from Baton Rouge to Gulf
port will be 59.5 cents per 100 pounds,
while the rate to Mobile will be 64.5
cents.
The Washington times., 1922-09-06
Foreign Exchange.

NEW YORK, Sept. 6.-sterling
demand, 44sK; cables, 4.47h
Francs, demand, 7.so; cables, 7.soh
Lire, demand, 4.3s; cables, 4.ssh
Belgians, I<s1; cables, IA. Marks,
.0oosH. Greek drachma, demand
$40; cables, 3.2S. Swiss francs, de
mand. 1900; cables. 1909. Guildsrs,
demand, ss.s2; cables, 1896. Pesetas
demand, 1880; cables, 16.5a. Sweden
kronen. demand, 2s.5a; cables, 1857
Norway, demand, 1858; cables. 1s.72
penmark. demand, i1.ts; cables
2t.ls.
The Washington times., 1922-09-06
Cotton Market.

NEW YORK, Sept. 6.-The cotton
market was slightly irregular at the
opening today. October lost 10
points at 20.95; December ~, at
2l.1O, and January IL, at 2l.03.
The Washington times., 1922-09-06

Open. High. Low. Close.
Money on CALL. ~ -. -. 80.
Sale of Stocks up to
IL am. ~ noon. 1p.m. 2p.m.
assoc $4,000 ........ ........
Sales OF Bonds up to-
II am. IL noon. 1p.rn. 2p.m.
3,1s6,o00 6,1So,oo0 ........ 1000.
The Washington times., 1922-09-06
MUNICIPAL BOND
MARKET SHOWS
!. IMPROVEMENT
Falling OF Of New Issues Last
Month Was Favorable
" Factor.
BY MUNROE ROBERTS

. Factor.
By MUNROE ROBERTS
Copyright. 1s2a. by Cosmopolitan News
servics.)
NEW YORK. Sept. 6.-Some
very interesting facts have been
disclosed by the comptroller OF the
currency in his latest report on
national bank resources.
1t 10 only a year or two ago
that the general complaint was
prevalent of frozen" loans In the
agricultural and industrial sections
of the country. Since that time
loans have been almost entirely
liquidated; cash has flowed back to
the banks. and the character OF
their resources has largely changed.
The total resources on September
/ were nearly $20O, 100000 greater
than on June 30, 1921, and over
$500, ,000, 900 greater than at the
call of last May.
Alternate swings of cash to and
from the banking institutions has
an important effect upon the bond
market. It 10 the primary function
of the banking institutions to EN-
ploy their funds for the advance
ment of trade and commerce
When, however, there is not sur
ficient demand for these funds In
these channels, II 10 necessary 70
seek employment for them else
where, and the bond market IL the
most logical field for these other
wise unemployed funds.
There has been some specula
ton In investment circles as to
how much longer the commercial
banks will be actively engaged In
purchasing securities. While the
bond market will naturally suffer
from the inevitable withdrawal oi
the commercial banks. the diver
sion OF their funds to commercial
fields will be Of more value to the
country as a whole. A booming
bond market does not always Dor
tray healthy business and economic
conditions.
It 10 reported In the financial dis
trict that our investment bankeri
have a number Of important PROPOSE
tions which they are now negotia
ting with foreign government Off
ciais. and that our investment mar
| ket may soon nave an lntiuA Oi INV
better grade Of foreign government
issues. The new Argentine loan vii
probably appear before the end o.
| this week, and while this 10 an un
usually large offering. there 10 uttl'
doubt that It will be absorbed In oul
market.
| Following q very short period o
inactivity, explained by the presenc'
| Of the holiday season. the municipa
bond business improved noticeabl!
| during the last week In August. Deal
ers are looking forward to a periot
| of rising prices and an active de
mand for bonds during the next fev
months, according to the Daily POM
| Buyer Of New York. A marked fall
| ing off in the output of new bond Is
sues by States and municipalities II
August was q favorable factor in th'
market for such issues, and II. as Il
indicated. the new issues durinl
coming months are put out In re
duced volume there may develop al
actual scarcity of the higher grad
municipal issues.
The following table shows the tota
issuance Of American State and mu
nicipal bonds In august and tn
eight months ending August 81, 10
the last five years:
The Washington times., 1922-09-06

Copyright. 1saa. by Cosmopolitan News
Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1922-06-28
STATE OF MAINE.
To all persons interested in either OF


the estates hereinafter named:
At a Probate Court held at Ellsworth
in and for the County of Hancock. on
the thirteenth day of June
in the year of our Lord one thousand
nine hundred and twenty-five and by
adjournment from the sixth day
of said June A. D. 1922 term
of said court The following
matters having been presented for
the action thereupon hereinafter indi-
Gated. 1t is hereby ordered
That notice thereof be given to all
persons interested, by causing a copy
weeks successfully in The Ellsworth
American. newspaper published at
Ellsworth. in said county. that they
may appear at a probate court to be
held at Ellsworth on the fifth day
of July, A. d. 1922, at ten of the
clock in the forenoon. and be heard
thereon If they See cause.
Evelyn M. Forsyth late of Bucks
port, in said county, deceased. A
certain instrument purporting to be
the last will and testament of said de-
bate thereof and for the appointment
presented by Fred w. Forsyth and
therein named. The other two execu-
tors named in said will having de-
cIined to accept the appointment
Henry Wilbert Cunningham, late of
Bluehill, in said county deceased. A
certain instrument purporting to be
the last will and testament of said de-
ceased, together with petition for pro-
bate thereof and for the appointment
of the executor without giving bond.
Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1922-06-28
STATE OF MAINE.

TIA MUM SS
At a probate court held at Ellis
worth. In and for said County Of Han.
cock, on the sixth day of June, in
the year of our Lord one thousand nine
hundred and twenty-five.
A certain instrument purporting to
be copy of the last will and testa-
ment and codicil of Maria Cadwalader
Hone, late of the city, county and
state of New York, deceased and of
the probate thereof in said State of
New York, duly authenticated, having
been presented to the Judge of probate
for our said County of Hancock for the
purpose of being allowed, filed and re-
corded in the probate court Of our said
County of Hancock and for letters
testamentary to issue to Edward j.
Hancy, executor named in said will
No bond being required by the terms
of said WILL
Ordered That notice thereof be
given to all persons interested therein
BY publishing copy of this order
three weeks successfully in the ELS
worth American, newspaper printed
at Ellsworth, In said County Of Han
cock, prior to the fifth day of July
A. D. 1922, that they may appear at =
probate court then to be held at Ellis
worth, in and for said County Of Han.
cock. at ten o'clock in the forenoon.
and show cause. If any they have
against the same.
BERTRAND E. CLARK.
Judge of Probate
Attest: ROBERT P. KING,
Register.
Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1922-06-28
STATE OF MAINE.
TY OF HANCOCK SIS.

UNITY OF HANCOCK SIS.
the Honorable Justice of the Su-
IRENE Judicial Court next to be hold
IN at Ellsworth, within and for said
county of Hancock on the secand
tuesday of October, A. D. 1922.
+ especially represents Lewis w.
Re of Cranberry Isles, in the county
Hancock an6 State of Maine, that he
Is lawfully married to Mary Eliza
In Rice at Sedgwick. in the State of
of the gospel, on the 18th day of
|vember, A. D. 1904, that they lived
kether as husband and wife at Sedg
Tx and Cranberry Isles in said coun-
|of Hancock, from the time of their
ID marriage until July 5th, 1913, that
hself' towards his said wife as a
thful, trne and affectionate husband.
1T on the fifth DAY OF July ~. d. 1928,
Cranberry Isles aforesaid, the said
by Elizabeth Rice utterly deserted
pr libellant without cause, and went
err desertion has continued FOR three
ksecutive years next prior to the
|hg of this libel; that the residence
said Mary Elizabeth Rec is un-
bwn to your libellant and cannot be
|ertained by reasonable diligence;
|r libellant AYERS that there is no
fusion between your libellant and
said Mary Elizabeth Rice to obtain
Iivorce.
Wherefore he prays that the bonds
matrimony between him and his
b wife may be dissolved by divorce,
! he prays that said divorce may be
reed, and that he may have the
lie of his minor children, Warren
bert Rice, aged 16 years, and Wal
G. Rice, aged IA years.
June 2, A. d. 1922.
LEWIS w. RICE.
knty of Cumberland, IS.
Portland, June 2, 1929.
'ubscribed and sworn to before me
j I'd day of June, 1922.
j. H. Blake,
Notary Public. LS.)
Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1922-06-28

I1AA>SOSN %.
At a probate COZ court IT, held at Ellis,
Hancock on the sixth day Of June,
in the year of our Lord one
thousand nine hundred and twenty
two.
certain instrument purporting to
be "a copy of the last will and testa-
ment of, c. Augusta Hanna, late of
Washington, District of Columbia, de-
ceased, and of the probate thereof in
said District of Columbia, duly anthem
ticated, having been presented to the
judge of probate for our said County of
Hancock for the purpose of being al
lowed filed and recorded in the pro-
bate court of our said County of
Hancock, and that letters testa-
mentary issue to Frank E. Brown,
no bond being required by terms of
Ordered, That notice thereof be
given to all persons interested there
In, by publishing copy of this order
three weeks successfully in the Ellis
worth American a newspaper printed
at Ellsworth in said County of Han
cock, prior to the eleventh day of
July, a. d. 1929, that they may
appear at q probate court then to be
held at Ellsworth, in and for said
County of Hancock, at ten o'clock in
the forenoon, and show cause, If any
they have. against the same.
BERTRAND e. CLARK,
Judge of Probate.
Attest: ROBERT P. KING.
Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1922-06-28
STATE OF MAINE.

HANCOCK So.
in anu for said County Of Hancocis an ~,
the sixth day of June, in the
year of our Lord one thousand nine
hundred and twenty-five.
A certain instrument purportine ts
De a copy OF the last will and tesla
ment OF Herbert Frazier, late of
Garrison, in the county of Putnam.
and state of New York, deceased.
and of the probate thereof in
said state of New York duly authenti-
Gated, having been presented to the
Judge of probate for our said County of
Hancock for the purpose of being al
ioWed, filed and recorded in the pro-
pate court of our said county of Han
COCK, and that letters testamentary is
sue to Kenneth Frazier and William
w. Coleman, executors named in said
Will No bond being required by the
terms of said will.
Ordered, That notice thereof be given
TO all persons interested therein, by
publishing copy of this order three
weeks successfully in The Ellsworth
American. newspaper printed at Ellis
worth. in said county of Hancock, prior
to the fifth day of July, A. d.
1S22, that they may appear at a probate
court then to be held at Ellsworth, in
and for said county of Hancock, at ten
o'clock in the forenoon. and show cause
II any they have, against the same.
BERTRAND E. CLARK,
Judge of Probate
Attest: ROBERT P. KING,
Register