davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-06-23
"1ex. Pete, investigation.

II Is now revealed that while con-
siderable criticism was being aimed at
the authorities of the New York Stock
Exchange for their failure to inVesti-
gate the extraordinary gyrations OF
Mexican Petroleum during the last
week they had the matter under dis
cussion. 1t is the policy of the ex-
change not to reveal what its police
committee Is doing. Even after all
members of the exchange had been noti-
fled q report Immediately on their deal
ings in Mexican Petroleum the ex-
change declined to admit that an in
vestigation was under way. About the
only thing that is ever officially ad-
mitted in that connection is that the
police committee. or the committee on
business conduct. is constantly investi-
eating anything that occurs in the se-
curities market which appears to merit
examination. Now that the wheels for
an investigation of the movements or
Mexican Petroleum have been set in
motion Wall Street probably will learn
in due time whether. as many believe.
a technical corner really exists or did
at any time exist in that stock, or
whether the squeeze of shorts came
about as the result of buying based on
the theory that the stock was selling
below its real value.
The New York herald., 1922-06-23
studebaker Corporation.

Ono OF the reports circulated In con-
nection with the recent sharp advance In
the preferred stock of the Studebaker
Corporation Is TO the effect that the
management Is considering a plan for
the retirement OF the preferred stock by
Issuing common stock In exchange for
the senior security. share for share.
There Is Ss,s00.000 of the preferred
stock outstanding and It's retirement
through an exchange for common stock
would remove everything ahead of the
common stock. II Is not likely that pre-
ferred stockholders would object to re-
ceiving a share of the common for each
share OF the preferred. In view OF Stude-
bakers excellent earnings record and
prospects. What harm might be done
the market value of the common by the
Issuance of $4,000 additional shares
probably would be more than Offset by
the saving Of nearly 100000 of annual
dividends on the preferred and by the
fact that all priority had been elm
mated.
The New York herald., 1922-06-23
TOPICS OF WALL STREET.
New York centraI's Earnings.

Despite the coal strike and rate re-
ductions effected within the last year
New York Central Railroads gross OPP
Grating receipts for May were only about
100000 under those of May. 1921. or a
loss OF less than 2 per cent Its June
gross will be better than May but lower
somewhat than June last year. The
Centrars gross operating revenues for
May are estimated at s26,322 900, con-
trasted with $25,7S7,10 for April. The
May report. Hhlch soon will be an
nounced. will show about Ss.605,000 in
net, compared with $4.534. 900 in May.
1921. and s4.743.99S for April. 1922.
The shrinkage is due in the main TO the
fact that the New York Central man.
agement ordered an early start this
year on maintenance work. Since the
miners strike began traffic other than
coal has shown steady increase. The
roads operating ratio in May was 81
per cent. contrasted with rs per cent.
year ago.
The New York herald., 1922-06-23
II. II. MaIIinson Strong.

One of the active and strong features
of yesterdays market was the stock OF
H. r. Mallinson G. Co, which made
q new high at 27H. The earnings
Of this company are advancing consist
entity, according to its officials. In 1920
the earnings OF the corporation aggre-
gated about $4,000 and last year they
were 1905, 900, Notwithstanding the ex-
tremely poor business done in all
branches of industry. The mills of the
company are now operating about SO per
cent. and during the last few weeks ad-
vance orders have shown a marked in
crease in volume. Officials declare the
orders are now sufficiently large to re-
quire full capacity operation for the
next four months and that present OPP
erations are being increased as rapidly
as employees can be put to work.
The New York herald., 1922-06-23
Reserve Ratios Higher.

The ratio of cash to note circulation
and deposits revealed in yesterdays
statement for the twelve Federal Re
serve Banks was at a new high mark
of 791 per cent. This compared with
a previous high of 1874 established on
March 20 and with TIA per cent year
ago The ratio of s7.9 per cent reported
by the New York bank was with ono
exception the highest Of the year. On
January 25 the local institutions state
ment showed reserve ratio Of 1915 per
cent. but aside from that single In
stance the weekly reports this year
have not touched or approximated the
figure shown in the statement yester-
day. The gain established in reserve
ratio by the New York bank in the last
week totaled 315 per cent.
The New York herald., 1922-06-23
wilIys-OverIand Expansion.

Tho WHY'S Overland Company is pre-
pairing to Increase substantially its ca
pacity for production of Willys-knight
cars Its subsidiary. the Wilson Foun-
dry and Machine CO., manufacturer OF
the engines used in these cars. Is about
to launch an expansion program calling
for additions to its test houses, assembly
floors and machine departments. which
will bring the plants capacity up to
900, 900 engines a year. Current output
is about 10 engines a day, contrasted
with a daily average of 3 a day in
March.
The New York herald., 1922-06-23
EXCHANGE SEATS AT S1oo, 900.
New High Record Price for Year.
Gain of $4,000.

A new high record price for the year
was established yesterday with the sale
OF the New York Stock Exchange MEM
bership Of Daniel odell. deceased. 10
James McKenna for the sum Of 100000.
Tho last previous sale was at $4,000
In 1921 seats sold for 100000. In 1920
for sIl5, 900 and in 1919 for Si10.0 900.
The following memberships have been
posted for transfer: Max Siegcl TO
Henry w. Miller. consideration. $685. 900 ;
Edward r. Field to Philip G. Cammann.
so7. 900. and clifford w. Hendrix to Gus
X. Worms. $4,000. The following have
been elected TO membership in the New
Yorl; stock Exchange: r. w. Williams.
G. III. Jones and J. j. Moylan.
The New York herald., 1922-06-23
Higher Call Money.

The feature OF the money market yes
terday was a rise In the rate for call
loans 70 az per cent. Call money opened
and renewed at ga per cent. then ad-
vanced TO 3 per cent. and later TO 3i3
per cent. The influence OF the lower re-
rate az the local Federal Re-
servo Bank was not felt in the timi
money market
The New York herald., 1922-06-23
OFFER HAYES WHEEL STOCK.
Three brokerage Houses Put Out
10000 shares ut s2T.BO.

Thirty thousand shares Of no par
value common stock OF the Hayes Wheel
Company arc being offered by Mcclure,
Jones & Reed Of New York: John Bur-
ham & Co, Inc. Of Chicago. and Otis &
Co. Of Cleveland. at price OF $3.50 a
share. Application win be made soon
The New York herald., 1922-06-23
sOrTH AMERICA.
CANADA.

New York funds In Montreal, s1o.3f pre-
MUM a 81 900; Montreal funds In New York.
s1O2t discount $1,000.
The New York herald., 1922-06-23
PHILLIPS PETROLEUM co.

Net earnings Of the Phillips Petroleum
Company for June amounted to 81. $50. 900
before depreciation. or the best showing
Cor any month In the company's history.
The earnings compare with Si,10i, 800
after interest and taxes. but before de-
probation In May. Gross production at
present amounts to $500 barrels a day.
The New York herald., 1922-06-23
Taus.ig Sees Improvement.

A better sentiment and general Inn
provement in business are seen in the
steadily increasing traffic on the Wa
bash Railway. according to j. e. Taus-
sig. its president. "Our service. both
passenger and freight, Is increasing
ra pidly and soundly," says Mr. Taus-
sig. THE new Wabash service to New
York shows improvement and local
business all along the line is picking
I'm
The New York herald., 1922-06-23
to list the issue on the New York stock

to list the Issue on the New York Stock
Exchange.
The Hayes Wheel Company e1ab-
lished In. Jackson. Mich. In 1908 by
G. II. Hayes, Is a large manufacturer
OF automobile wheels. The capitaliza-
tion consists Of 100000 shares of COM
mon stock, authorized and outstanding.
and s771.000 OF first mortgage ten year
7 per cent. gold bonds. The company
earned s52S,102 In 1921 and s624.746 in
1920. This year It will probably earn
about sl,000,000 after all charges. but
before taxes, according to c. Il. Hayes.
president OF the company.
Judsonia weekly advance., 1922-02-09
ARKANSAS POWER

Down through White and Gle
burne counties in Arkansas runs
the Little Red River. On the Lit
tie Red River in White county,
the Arkansas Power Corporation
has a great dam under construc-
ton. When this dam is complet-
ed, which will be this summer,
enough electricity will be gener-
ated to supply the entire city of
Little Rock and another city
half as large.
Up the river near Heber a sec
ond dam is contemplated and
when this dam is completed the
two will holm water that will be
able turn out enough power to
run four cities as large as Lit
tie Rock. We do not speak Of
these power units in their tech
nical terms, but these two plants
would create power at a small
cost that will be ample to run
every factory and lighting plant
in the state of Arkansas.
The source of this power is
nearer Memphis than are many
plants in the south near to their
consuming customers. The Red
River power stations are in the
lower reaches of the Ozarks. The
towns in easy distance are Jones'
boro, Newport, Brinkley, Para
gould, Searcy and Batesville. All
of that part of Arkansas above
the Arkansas river, also includ-
ing such points as Little Rock,
Pine Bluff and Hot Springs, can
be supplied. This power develop,
ed, would enable a great indust-
rial center to be built up along
Crowley's ridge and further west
The power could be distributed
to other parts ofArkansas where
there are individual plants.
{ Labor along the foothills of
the Ozarks for cotton spinning
and the like is plentiful ana in
telligent. The supply would be
constant. People high in the hills
have little to do beyind the i'm
Judsonia weekly advance., 1922-02-09
CLEAR WATER NOTES

Miss Helen Hutchinson enter
tanned her many friends Satur-
day night with a musicale.
John Thomposn's little son,
who has had the pneumonia is
reported much improved.
Charles Youngblood and fam
lily of Little Rock, visited at the
home of w. Fl. Mashburn the
last of the week. Mrs. Washburn
and Miss Helen Gates accompan-
led them home for a few days.
Providence school held a field
day Friday which was well at
tended. The visiting basket ball
teams failed to come, but two
good games were played with
home talent. The following is a
list of the sports and the win
ners:
100 yard race, under IL years
old, Carl Stewart.
80 yard run, over II years old
Wilton Yingling.
70 yard run for girls-Agnes
Yingling.
Broad Jump-Guy Stewart.
High Jump for boys-Carl
Stewart.
High Jump, any age,-Guy Stew
art.
Basket ball goals, 10 shots
girls, Wilma Leasure.
Basket ball goals, 10 shots,
boys.-Aubrey Jackson.
Albert Brumbley of Rocky
Point, visited his sister, Mrs.
Jack Davis, here Sunday.
Leslie Leasure and o. c. Wal
Ter bird hunted the last day of
the open season and bagged 36
quails.
Joe Rawlins of Shirley. is here
visiting his brothers.
Carlin Hammond and Bert
Myers have returned from Brad
ford.
Elvin Hilger was a Searcy Wis
itor Monday.
Racine.
Judsonia weekly advance., 1922-02-09

mediate problem of supplying
themselves with food. They are
intelligent and Industrious.
We are informed by engineers
that the foundations for the two
lakes that would supply these
plants are not limestone with its
caverns AMI crevices, but a hard
sandstone, making reservoir
foundation and side walls not
only impervious { but also of an
indestructible character.
Capital is needed to finance
this enterprise to its completion.
We know of no field of indus
trial power investment which
should be more attractive.
If the natural conditions that
exist in the Red River country
existed in the Carolinas or in
the moutains Of Pennsylvania
the undertaking would be eager
ly financed. Arkansas, like many
of our Southern states, suffers
from a political attitude toward
outside investments that has re-
tarded them. These apprehen-
sions are for the most part
groundless but, at the same time
they are factors.
The Dukes were natives Of the
Carolinas. They made money out
of tobacco Some of this money
they put into the development
of electric power in their own
states. Their example encourage
ed others to embark with them.
SO it will be up to the people
! of Arkansas to show their faith
and confidence in the enterprise
by carrying it on as far as they
can. Already hydro-electric pow
Ell is a matter of course in the
Cumberland mountains of Ten
nessee, in Northern Alabama, in
the mountains of Western,
North and South Carolina, and
Northern Georgia. If HenryFord
or some one else develops the CO.
lossal energy at Muscle Shoals,
then the development in the Or
arks would complete the cres-
cent extending from the CAROLYN
as across to Oklahoma.
The Carolinas are already fill
ed with cotton mills. Northern
Arkansas would be filled with
similar mills il the electric pow
Ell were developed. Much of the
raw cotton of this valley would
have a home market. Instead of
going out of the south at from
10 to 80 cents a pound, it would
go out manufactured worth
from 81 to $3.50 a pound. The
Judsonia weekly advance., 1922-02-09
that we cannot hope to have

that we cannot hope to have a
state in every sense of the word
till we educate our boys and girls
Now, to the point. My view
on this thought is that by con-
solidation of the adjoining dis
tricts to Judsonia will enable ev-
cry booy and girl to get at least
IL unit school. That would
mean that the children here
would have the same advantage
as the boys and girls in Little
Rock. 1t would mean that your
children could be at home under
the care of their parents until
age might permit more conf
dent departure. Remember that
education builds character and
character builds state.
Much might be said but bear
in mind that we have to look af-
ter the safety of the children
first. My prayer is that we may
soon see that every boy and girl
living near Judsonia has the OPP
portunity to get a high school
education.
J. M. Middleton.
Judsonia weekly advance., 1922-02-09
CONSOLIDATED
z00L FOR JUDSONIA

advance =
['tny agree with our fell
on as to the school ad-
s that we are now miss
the remedy that will
|se wastes may be varied
ht. Three years ago |
fore the Judsonia School
nd proposed a consolida-
he -four districts that lay
& the Judsonia District.
the board in hearty SYM
18th the move and l call
citing jim District 40 and
" and the result was
aething like so per cent
present were in har-
18th the move; but the
'stion asked was, "Have
Is, that will assure trans
& for those children ev-
j day. And finding that
very first question to
t / have been very quiet
initial step will be roads.
we them, then let's put
der to the whee! and
We some of the waste
been permitted to go
Sc 1t.
ne 'oud of the state of Ar
w. when | look at the
he states and find that
ile7standss nearly the last
Ark list, it makes me feel
one is laying down on
u
ften hear that Arkan-
1oTne of the poor man,
A.. truthful saying; but
=, ons, when we read the
a rs written by our state
10 to the natural re-
che state, you will find
mon AXE care to leave off
~ sand educationally.
not let the though go
Kat NOW is the time
move the scales from
Tin and help these poor
- rls that have cine to
An get at least the fun
Boungom which they may
8 81 ter that will fill our
:.S5'tead of our peniten-
wv look on education as
~ o .ssbuilder we will be
CpAe thing of the idea
We the upbuilding of
NTTM certainly is a fact
Judsonia weekly advance., 1922-02-09
NEW INCOME TAX
BLANKS NOW READY


The following statement is is
sued by H. L. Remmel, Collector
ct Internal Revenue for the Dis
trict Of Arkansas, Little Rock.
The new Income Tax blink
forms for making returns of ov-
er So, have been received at
the Office of the Collector Of In
ternal revenue where they may
be obtained upon request. Tax
payers may also get these forms
at the Division offices at Helena
and Fort Smith.
II is believed that the form this
year will be found somewhat
simpler than that used hereto
fore. Collector Kennel states
that blank retrrns will be mailed
without request to those per-
sons who filed similar returns
last year, but the failure to re-
ceive form does not relieve the
taxpayer of his obligation to file
on time.
The regular filing date for in
dividuals and firms reporting on
the calendar year will be March
Is, 1922, as heretofore. After
February 18th, Deputy Collect
ors will be sent TO the several
towns in the state for the pur-
pose of assisting taxpayers in
the preparation Of their returns,
but as the force has been mater
tally reduced this year, the time
to be given in each town may be
somewhat less than formerly.
However, it is believed, more
taxpayers will be able to prepare
their own returns now than for,
meIly as the public is rapidly be
coming familiar with the require
ments of the law and the forms
are being materially simplified.
Judsonia weekly advance., 1922-02-09
SUCCESS

He has achieved success who
has lived we'll, laughed often and
loved much; who has gained the
respect of intelligent men and
love of little children; who has
filled his niche and accomplish
ed his task; who has left the
world better than he found it,
whether by an improved poppy,
perfect poem or a rescued soul;
who has never lacked apprecia-
ton of earth's beauty, or failed
to express it; who has looked for
the best in others and has given
the best he had whose life was
an inspiration. his memory a
Observation-Disclosures A. Stanley.
For Sale-Thorougnbred Buff
Rock Cockerels and pullets. Also
Brown Leghorn ROSTERS. $l.OO
each. Mrs. W. S. Hastings.
For Sale or Trade--For land
near Judsonia, 240 acre farm
1 IA mile from Astoria, Mo-, on
rural route and telephone line.
so acres in cultivation. All fenc-
ed, a living springs good build
ings, fine well at door. An ideal
stock farm. Price $4,000. What
have you?. Address OR. Rich.
Judsonia, Ark.
Judsonia weekly advance., 1922-02-09

difference would go to the lab
orer and to the southern capital
invested.
= Memphis Commercial Apveal
-O-
Do you like good pictures? If
SO be at the South Methodist
Church Sunday night. We have
a fine picture program for the
7 p. m. hour. Everybody invited.
No charge. Subject, Steward
ship F. c.. V.
If you have any berry plants
see J. A. Bauer before he gets
all that he needs. Amount want
ed is limited.
Evening star., 1922-03-31
TELLS OF MAPS IN WAR.
Maj. Kirby Says q. S. Had Great
Difficulty in Obtaining Makers.

More than 250 members. with their
guests, attended the meeting OF the
Washington Post of the Society of
Engineers. held at the engineer re-
production plant Wednesday.
Col. John Stewart, president of the
post, opened the meeting with brief
address. followed by Maj. Lansing ii.
Beach, chief of engineers.
Maj. w. w. Kirby. director of the
reproduction plant, gave an inter
maps as implements of war. He said
that the allies used 100000 maps
and that it is estimated Germany and
her allies had 25,o0o.000 during the
great war.
Mai. Kirby said that the United
stress of our conditions" in equip
ping a map publishing plant and OBJ
tanning the trained personnel to
operate it.
The development of the engineer
reproduction plant will enable US to
similar difficulties should we again
become involved in war" said Mai.
Kirby.
The various steps involved in the
making of a map from the field sur
vey sheet were explained by the Of
ficer with the aid of numerous ex-
hibits.
The working hours of the plant
were changed so that it would be in
full operation throughout the even
ing. Music was furnished by the
United States Army band, and re-
freshments were served.
Among those present were Maj,
Gems. Lansing H. Beach. F. w. Coe.
Stuart Heintzleman and w. ]. Snow.
Brig. Gen II. Taylor, Coils. P. NJ. An
derson. c. r. Darnall, E. Lester Jones,
c. V. Pillsbury. Glenn S. Smith. James
G. Steese, c. H. Birdseye, w. Fl. Ciop-
ton, jr.; L. D. GasSen and G. A.
Evening star., 1922-03-31
MANY A LOWLY WASHER
OF RESTAURANT DISHES
FOUND TO BE COLLEGIAN

BY the Associated Press.
SANFRANCISCO. March 31.-All
hotel and restaurant dishwashers
are not down and out" accord
ing to George P. NJ. Downs. San
Francisco dishwasher, leader in
the union movement and one of
the best orators in labor ranks in
this city.
"The average dishwasher is we'll
educated" Downs said recently: "A
large number of them are college
or university graduates. You Will
find in our ranks men who have
graduated IN law, medicine and
other professions. l am dish
washer by choice"
Downs says he is graduate OF
Union college, Schenectady, n. T.,
and asserts he attended the Ma
tional Catholic University in
Washington. d. c., for some time.
He was reared in Troy, N. Y.
At present Downs Is vice presi-
dent of Cooks Helpers Union, Lo-
cal No. 11O: president of the local
joint executive board Of the cul-
mary crafts. financial secretary
treasurer of the San Francisco
label section and member of the
law and legislative committee Of
the San Francisco Labor Council.
During the last fifteen months.
Downs has helped increase the
membership of his union from 1856
to S97, placing men in positions
where they receive a minimum
wage of SCI per week.
Evening star., 1922-03-31
BAGGAGE RATE RETURNS
HELD TO-BE REASONABLE
Utilities Commission Orders Union
Transfer Charges Continued
Indefinitely,

Believing the present rates of the
Union Transfer Company for hauling
baggage in the District to be fair and
reasonable, the Public Utilities Com
mission last night ordered them con-
tinued indefinitely.
Fhe commissions decision shows
that for 1921 the net income of the
baggage company was $15,11s.93.
equivalent to a return of 9.23 per
cent on the value of the property.
The commission has ruled in other
cases that federal income tax should
not be classed as an operating ex-
pense. Therefore, by excluding the
companys income tax of s2.29S.49
from operating expenses. the rate Of
return becomes 1917 per cent.
While this rate of return is higher
than the commission allows street
railways, gas and electric companies.
it is pointed out that the commits
sion believes utility such as a bag
gage concern should be allowed a
higher return.