davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-10-20
What's Behind
ActiUe Stocks !?
l28--Chile Conner

The Chile Copper Comnanr
noloing company and the Chile Ey-
pIotaelon Company, subsidiary Us
the operating unit. The latter cwns
the Chile Steamship Company. Ths
properties are located near Ca,ama
Cniie, and consist of 900 canna,
mining INNING claims and 43S claims ~
.I osner Kinds. The plant includes ali
ene apparatus necessary for mining
ana rehning copper. Ore reserves
are estimated in excess of . haif
Diillon tons. The company haa : J,
autnorlzed capital of $1S5 flf,S1 nnn
STOCK, of $50 par value, $95.O0,' 'f,0f,
oI winch is outstanding. The ,n
Z ISSUED stock is held to pro.,ide snr
conversions of the two bond issnas
one maturing in May. 1929. and ~.
osner IN April, 1882. These two sc
soh pona issues, aggregating $4,000
oVV constitute the entire fundea
usDt. IN the last balance sheet Of
sae noidlng and operating comma
mes property investment, Including
construction and equipment and ,ns
vesIment in steamships, amounted
20 $l24,5T0,000. Current assets ey-
seeded current liabilities by goo
ulS,oo0. As Of June /, 1892. the
company had cash and narketabie
securities totaling $9,6Sl, 900. At
ne END Of 1921 net assets applicable
20 20 the stock amounted to sol. .O94 s
ooV, or Just slightly in excess 81 the
amount Of stock outstanding. Cop-
per production in the first half of
En- EMS Year was in excess of $1,000 S.
600. or slightly in excess of the
! Iife since 1916. Metal was pro-
duced at q cost Of 7.O77 cents 4
pound in the second quarter of
l922, as compared with a cost al
1855 cents in the previous Quarter.
Earnings for the 6h years ended
December 81, 1921 averaged 6 cents
8a share per year ON the stock. No
diyldends have ever been paid on
the stock. Range of stock: Hirh.
39A in 1876: low. Vi in 1890:
yesterdays close, 25As.
New-York tribune., 1922-10-20

Bank Clearings-Bank clearings at
New York yesterday were: Exchanges,
s931.ooo,000; balances, S78,000,00O.
Silver-London, 33 15-1sd; New York,
domestic bar, 99Ac; foreign, 671ac;
Mexican dollars, 51hc.
New-York tribune., 1922-10-20
In Wall Street
Lloyd Georges Resignation

The principal effect marketwise OF
the resignation Of Lloyd George was
recorded in the fluctuations Of the for
eign exchanges. Sterling, opening at. a
new high for the movement at $4.4SA
for cables, s1timped sharply to s4.45N
but subsequently recovered more than
d cent. The retirement Of the British
Premier had an opposite influence up
on the course of francs. These started
the day at 1854 cents, but stiffened
appreciably after the news came out,
finishing at 7.47h cents. Marks, mean
while, had made their way to new
low record for all time at Booth Of a
cent. international bankers generally
displayed hesitancy to comment upon
the significance Of Lloyd Georges
resignation until the issue becomes
clearer. The feeling obtained in the
financial district that the shift might
be only temporary and that Lloyd
George might well ride back into pow
CIR as result Of the elections shortly
to be fought out.
New-York tribune., 1922-10-20
Pacific Oils Weakness

For several days past rumors have
been persistent that unfavorable ac-
tion was contemplated by Pacific Oil
directors at their next dividend meet
ing. The break of AS points in the
stock yesterday was viewed in some
quarters as meaning that the dividend
would be passed altogether, but this
view was discredited hy interests close
10 the company, who asserted that the
current rate of s33a share was be;no
earned. A more plausible explanat;on
was that the weakness had been caused
by the Pennsylvania Railroad selling
its holdings.
New-York tribune., 1922-10-20
Money and Credit

Call money opened and renewed yes.
terday at per cent, but almost i'm
mediately worked its way down to Az
per cent. At this level funds were in
adequate supply until the close. Time
funds were only moderately active,
with most transactions arranged on a
3 per cent basis
New-York tribune., 1922-10-20
British Gold Movement Continues

Arrival of shipment Of $4,000 900
gold on the Homeric consigned to J
P. Morgan & Co..-for British govern
ment account was accepted in banking
circles yesterday as evidence that the
British Treasury would continue to
send gold to this country in connec-
tion with the second payment of $780,
100000 in interest on its debt to the
United States, scheduled November 15
A shipment of s1,ooO,Ooo gold is com
ing forward to Kuhn, Loeb & Co. on
the Majestic, but this is not for British
government account The takings of
this firm from the London market this
year will be brought up to s4o,1S8,o00
when the latest shipm ent reaches port.
New-York tribune., 1922-10-20
Mammoth oirs Showing Of water

Regarding reports of water in . we'll
being drilled by the Sinclair contyo1led
Mammoth Oil Company in Teanot
Dome. naval oil reserve, DR.. a G.
eeatch,- chief geologist of the sinclair
organization, states there is no water
IN any of the Wyoming fields in tha
sense that Wall Street views the in
trusion of water in the Mexican oil
heids, He cites nearby properties where
water was found few hundred feat
down, but did not show at deener
drilling levels To date the results of
drilling in Teapot Dome have been
interests. VII
New-York tribune., 1922-10-20
Denies Stock Dividend Rumor

A sensational rise in Corn Products
yesterday to the new high record price
of 1872 served to focus attention on
reports current for some time that the
company was planning to declare big
common stock dividend. E. t., Bed
ford, president, when asked whether a
stock dividend would be declared at
the next meeting Of the directors,
stated that the matter had not been
discussed, nor, as far as he knew,
would be considered. Mr.. Bedford
said that the company's business
showed little change and that it was
grinding about so per cent to 65 per
cent of its capacity. Although the
stock was affected by the general re-
dictionary character of the market in
the last hour, it nevertheless closed
with a net gain of 39s points. The
initial transaction, at 12Sas, repre-
sented an overnight advance of 2za
points.
New-York tribune., 1922-10-20
The Dollar in Foreign Exchange

Foreign exchange rates were more
Irregular yesterday, sterling reacting
sharply % the announcement of the
resignation of Premier Lloyd George.
After advancing to new high for the
movement at $4.4SA, cable rates on
London fell to $4.45A, but recovered
to sa.46ss at the close, net decline of
q or cent. Continentals were gem
orally firner.
New-York tribune., 1922-10-20
Argentine Loan Up Again

There has been so much said .and
written about Argentine financing that
bankers are loath to discuss the propo-
sition. They would prefer that the
entire question be kept quiet until a
loan actually develops. This explains
the reticence displayed yesterday to
gentina has received new bids for a
s100,000000 fotation The position
generally taken was that the new gov
ernment had hardly been in office long
enough to put through loan contract.
New-York tribune., 1922-10-20
Transactions Yesterday i'm Listed Stocks
STOCKH

tcopyright. is2a. Nav York Tribune Ino5
New-York tribune., 1922-10-20
View High for First Liberty sLas

A temporary spurt in the price Of
first Liberty 3As to 103.02, eclipsing
by more than SO cents per 500 bond it's
previous high since issuance, was fol-
lowed by an equally abrupt relapse
with the closing quotation at 101.74
In the stock market fuctuation of
these proportions would have been in
consequential, but in the bond market
and in government loan it was sensa-
tional. The only explanation offered
was that the movement resulted from a
badly . ID handled i,e order. n probably to buy
particular bond is slight and an order
involving s1,ooo,000 can seriously dis
turb the price unless carefully man
aged. This apparently was not done
yesterday, as there was evidence Of
buying everything in sight regardless
Of quotation. for the account of the
banking house concerned. Aggregate
transactions for the day in this issue
were larger than usual, exceeding So. :
100000 on the board. ------- -~,s
Alma record. (Alma, Mich.) 1878-1928, 1922-02-23
Facts Ia Regard
TO Income Taxes

Changes in the revenue law are of
material benefit to the average fam
lily man. Under the revenue act of
1921 married person, living with
wife or husband, whose net income
for 1921 was $4,000 or less, is allowed
personal exemption of $4,000. I'm
der the revenue act of 1918 the ex-
emption allowed a married person
Was $4,000 regardless Of the amount
If net income.
The normal tax rate is the same,
4 per cent on the first $4,000 of net
income above the exemptions, and s
per cent on the remaining net in
come. Given his personal exemption
of $4,000, plus $500 for each depend
ent, a married man with three child
ren-the average American family
will pay this year on a net income of
$4,000 tax of $l2 On the same in
come for 1921 he would have paid a
tax Of 500.
Every citizen and resident of the
United States must determine for
himself whether his income for 1921
was sufficient to require that return
be filed. Full instructions for max
ing out a return are contained on the
forms, a copy Of which will be sent
to taxpayers who filed a return last
year. Failure to receive return,
however, does not relieve a taxpayer
Of his obligation TO file return on
time, on or before March 10, 1922.
Forms may be obtained from col
lectors of internal revenue and branch
offices.
Alma record. (Alma, Mich.) 1878-1928, 1922-02-23
What EUery Woman
Wants to KnOIU
Relation of Clothing to Health


The average business woman or
housewife has so many drains upon
her physical energy that any means
by which she can conserve any part
of her strength without putting forth
conscious effort must be Of real value
to her.
Few people realize how much pro-
per clothing has to do with keeping
well. Many women have come to the
conclusion that the low heel is quite
the correct thing, but they forget that
the pointed toe is just as incorrect as
the high heel. To stand the strain
Of bearing the weight Of our bodies,
and TO react to the shock Of walking,
the foot must retain its baby shape
with straight inner line and spread
toes.
As a corollary TO correct shoes, cor
rect stockings should be worn, care
being taken that they are not too
short. A too short stocking is a cause
for as much trouble as a too short
shoe. Too much cannot be said in con-
demnation Of the wearing Of silk
stockings in winter; a combination of
silk and wool is both adequate and,
this winter at least, stylish. As a
matter of fact, whatever is sane and
based upon common sense is, in es-
sential, the best of style.
For the body, loose porous clothing
should be worn. Two layers of light
porous underwear are warmer and
more comfortable than one thick,
heavy suit. The union type Of under
wear is preferable since it allows the
weight to hang from the shoulder.
Choose outer clothing with regard to
freeing the body from the strain of
constantly regulating it to change in
temperature. A thin georgette waist
in cold weather proves an actual bur-
den, not in weight, but in the energy
required to make up for its lack Of
warmth.
A loosely fitting garment is warm
er than a tight one; constructing any
part of the body means that that part
of the body will be either cold or will
become fat. Women leading quiet,
sedentary lives need the support Of
corsets; women taking regular eXer-
else do not need them. In the case
either Of corset or of brassiere, how
ever, see to it that there is snugness
without construction.
Alma record. (Alma, Mich.) 1878-1928, 1922-02-23
ITHACA

New Spring Millinery now on dis
play at d. w. Robinson's, Alma
advertisement
Mrs. Charles NJ. Brown has received
word that her niece, Mrs. B. II. Louns-
berry, Of New York City, who is well
known in Ithaca, sailed Saturday on
the s. S. Adriatic for a two months
trip around the Mediterranean. She
will also visit France, Holland, Eng
land, Ireland and Scotland, being
away six or seven months.
New Spring Suits priced at $685.
and S2L.75 on display at d. w. Robin
sons, Alma. advertisement
The Presbyterian Missionary So
ciety met with Miss Mae Brown Fri
day afternoon for the regular meet
ing of the society.
New Spring Camisole Laces, Val
Laces and Embroideries-on display
Lace Department, ID. w. Robinson's,
Alma.-advertseme
DR.. Ranger who has been confined
to the house several weeks because of
illness is able to be out again.
New Spring Coats for Ladies' and
Misses priced at $3.50 and $2495,
on display at ID. w. Robinson's, Alma.
advertisement
Mr.. and Mrs. Alex Macarthur were
in Ashley on business Monday.
New Spring Wool Canton Crepe
Stripe Skirtings-Poiret Twills, Taf-
fetas, Satins and Georgette Crepe
on display Piece Goods Dept. ID. w.
Robinson, advertisement.
New Spring Dresses in Taffeta and
Canton Crepes-wonderful values at
$l6.95 and 26.50--on display at d. w.
Robinson's, Alma. advertisement.
Odd Fellows met recently to pre-
pare for this years degree work. Fol
lowing the business session an oyster
supper was served. Thursday even
ing the ladies' auxiliary met at the
court house with Mrs. Ed. Arnold for
their regular meeting and surprised
their hostess by serving a nice
luncheon.
See the new Chapley Club Sport
Skirts at $7.50-on display at d. w.
Eobinson's, advertisement
The Ladies Circle met Thursday af-
ternoon at the home of Mr.. and Mrs
Harley Rasor. At a spelling match
which took place the company was
Spelled down" by Mrs. Tom Harrod
Mrs. Dora Beechler entertains the
meeting Thursday of this week.
New Spring Windsor Lingerie
Crepe in maize, lavender, peach, light
blue-beautiful designs--on display
Piece Goods Dept. ID. w. Robinson
Alma advertisement.
Alma record. (Alma, Mich.) 1878-1928, 1922-02-23
That Dull Aching

Don't worry and complain about
bad back. Get rid Of III For weak
kidneys, lame and achy backs, your
neighbors recommend Doan's Kidney
Pills. Ask your neighbour,
Mrs. Homer Durham, l2i Rocking
ham Ave, Alma, says: 81 had back
aches every time | washed or did any
stopping, severe pains hurt me. j was
troubled mostly through the small of
my back as a dull pain seemed to set
tie there. When / did hard days
work, my back ached so / could just
about drag myself around and often |
was so dizzy everything seemed to
spin around and | had to stand still
until the spell passed. My kidneys
had me in a weak and run down con-
dition and ! felt tired, depressed and
nervous. saw in the paper how
Doan's Kidney Pills had been used
with good results so ! decided to give
them trial. | purchased a box at
Murphy's Drug Store and they soon
cured me-"
Price zoe, at all dealers. Don't
simply ask for a kidney remedy-get
Doan's Kidney Pills-the same that
Mrs. Durham had. Foster Milburn
Co., Mfrs, Buffalo, n. Y.-39-2w
We would be pleased to show you
samples Of Canaan coal. Brown
Ward Co., phone 27-60tfc.
III 1
Alma record. (Alma, Mich.) 1878-1928, 1922-02-23
Alma High
School Notes

Friday will be a big day in the
history of Alma high school. In the
afternoon at / 80 Alma Highs debat-
ing team will attempt TO instruct the
assembled throng as to the merits Of
the Closed Shop. They meet st. Johns
and are expected to have just a little
rough shedding. In the evening the
Senior class will present their class
play, stop Thief" Aside from these
two events the school will be just as
dead as usual.
Last Friday the girls staged an
other basketball game. This time the
clash came between the Frosh and the
Juniors. If the game consists of see
ing who can get the most baskets,
the Juniors won by big lead, but if
the winner is the team that showed
the most fight and screamed the loud
est, the game must be unreservedly
conceded to the under-classmen These
games afford a great deal of amuse-
ment, especially to the masculine
The game is not so strenuous nor as
exciting as the masculine sport that
goes by the same name, altho some
times things will happen. This state
ment has been proved to be true by
Kathleen Ellison, a Freshman girl,
who stepped on some movable object
on the gym floor and fell and broke
her arm.
In order that they may study Par
liamentary rulings effectively, Miss
Hunts English class has organized in
to mock society. They have elected
president, and other necessary Of
ficers, and conduct their class recita-
tions in form of a regular meeting
All questions of procedure are settled
~ reference to Roberts Rules of Or
der. They have so far debated ques-
lions of school interest, for example
shorter class recitation, the establish
ment Of a school natatorium and the
abolishment Of the library permit sys-
TEN.
The Alpha Beta Literary society
composed Of Freshman and Sopho,
more girls, held pot luck supper
Tuesday evening at the high school
The program Of the evening concerned
tself with the various National parks
IF the country.
American National Parks-JessC
Platt.
Sequia National Park-Penelopt
Sawkins.
Mesa Verda National Park-Louis,
Lowe.
Piano Solo-Margaret May.
A Trip to Yellowstone-Mis:
Benton.
The talk was especially interesting
and Miss Benton showed many pie
lures taken of the park.
On Monday evening Mr.. and Mrs
Kelder entertained the entire teach
ing staff Of the Alma schools. TIL,
supper was served cafeteria style ant
the teachers were anything but bash
full in serving themselves. After tn,
barbecue the teachers from eacl
school stagd a little stunt-and wha
stunts. The whole staff cut loose
FOR once-and they must have sur
prised each other with their antics
they must have enjoyed themselve
for they seemed to have a little un
explainable compassion on their pro
teges.
Alma record. (Alma, Mich.) 1878-1928, 1922-02-23

When is The Foolish sge 7-adver-
tisement
Alma record. (Alma, Mich.) 1878-1928, 1922-02-23

Why is The Foolish Age ?-adver-
tisement
The New York herald., 1922-03-26
EARL REPORTS BUSINESS
ON UPWARD TREND

The response OF our forty dealers
covering eastern New York State, north
ern New Jersey and southern Connecti-
cut to the recent price reductions in the
entire Earl line indicates to me that
business is decidedly on the upward
trend" says George s. Morrow. presi-
dent OF the Morrow Motors Corpora
tion, at 1861 Broadway.
Immediately following the Announce
ment that the price OF the touring model
was reduced TO 1895 +. o. b. jackson.
each one Of these dealers sent IN an
order for one or more carloads, and
some OF them have already disposed Of
these cars and are clamoring for more
Il believe our success reflects a gem
eral buying condition that Is most en-
The spasmodic buying or
the past few months has at last given
way to steady buying. which indicates
a real return TO something approaching
normal. I look for a slow but STEADY
from now on, because all
the factors in the improved condition
OF the market are fundamentally right"
The New York herald., 1922-03-26
LIBERTY LINE APPEALS
TO NJ. Y. MOTORISTS

The A. G. Kaufman Motor Car Cor
poration, New York distributors of Lib
erty motors, through policy OF in
sistent demand for concentration on en-
gineering essentials. together with the
suppression OF confusing elements in
tended merely for sales effect and now
so dominant In the prevailing CONNER
cial Standardization OF the industry. has
helped in the production and marketing
OF car of intrinsic merit which meets
the needs of its customers and stands
squarely on the principle of getting the
results of research and automobile adj
vancement into actual use in the trade
In what they regard as their own field
the engineers of the Liberty plant have
built up an extraordinary fine record OF
successful engineering in the develop
ment of a really light six. and some idea
of the Importance and magnitude of
their present work is personified in the
latest Liberty series, which has brought
into existence a good car. fully respond
ing to the popular demand for quality,
together with lower prices. At S1,295
this new car easily reflects the progress
sive lowering costs of labor and ma
terial, along with the smaller margin of
profit at which this plant is now mer-
chandising its present enterprise and
undoubtedly deserves the increasing
public recognition it is now receiving,
for tt, cars represent wide distnc-
ton between the extremes OF CONNER
cial and engineering practice now main
tained as II Is the engineering rather
than the commercial motive that domi-
mates the construction policy OF this
company.
The New York herald., 1922-03-26
LINCOLN co. ANNOUNCES
NEW SALES POLICY

Formal announcement OF the Lincoln
Motor Company's new sales policy has
just been issued by w. c. Leland. vice.
president and general manager.
This policy is the outgrowth OF the
I.eland-F'ord affiliate wherein Henry and
NJ. and Wilfred c. Leland founders OF
the assets of that company February
for SS,000.000. While there will be cer-
tain cooperative activities OF the Ford
and Lincoln companies the manufactur-
ing organizations and the executive
personnel will remain entirely separate
and distinct with the Lelands as the
active heads of the Lincoln company.
The sales policy contemplatcs that the
Ford dealers throughout the country will
supplement the already well established
organization of Lincoln distributors. The
latter force is being enlarged as rapidly
as conditions will permit and will in
clude in all some seventy-five to eighty
direct Lincoln distributors.
Taking this city for an example OF the
Lincoln's general sales policy, York
Motors Corporation will of course, con-
tinue as authorized Lincoln distributors
with the cooperation OF the Ford dealers
in the sale of Lincoln cars here.
The principal servicing of Lincoln cars
will rest with the regular Lincoln dis
trbutor, although Ford dealers who are
suitably equipped also will be authorized
to sell Lincolns. Taking the two sales
forces in conjunction they provide an
outlet of tremendous magnitude cover
ing practically every community in the
country
The New York herald., 1922-03-26
5000 MILE GUARANTEE
AGAINST "OIL PUMPING

Every dollar saved through lower ma
terial costs and greater efficiency in
production has been placed right back
INTO the Oakland car, according to C. j.
Nephlef. general sales manager of the
Oakland Motor Car Company.
II Is a well known saying" de-
clares Mr. Nephler. that 1t is often
easier to cut prices than to make bet
ter job. We have centered our efforts
on making a better job. II was a ques-
lion when designing the new Oakland
t-4f models whether 10 use the adyan-
tage Of lower material and production
costs 70 bring down the selling price or
to put back the savings into the car to
the end OF making il the finest type OF
six cylinder car at its price. We chose
the latter course
AS one example or Improvement the
cylinders. pistons and piston rings have
been 80 constructed that we give a
5000 mile guarantee against what is
commonly known as oil pumping one
of the few performance guarantees ever
given BY any automobile company.
Assurance OF quiet motor operation
is given in the use of the Morse adjust
able silent chain drive, which drives the
camshaft and generator and insures alb
solute silence. An easy adjustment gives
assurance Of keeping the tension right
at all times"
The New York herald., 1922-03-26
LUBRICANT
NOW ON MARKET

Just as the aIemite lubricating sys-
tenn is a great step forward in applying
lubricant TO bearings, so alemite luhri-
cant promises to mark the beginning or
now era In the use Of semi-solid lubri-
cants. Some months ago. n sample OF
alemite lubricant was tested so that the
percentage OF vaseline could be deter
mined: the extraordinary appearance II
the product It's transparency, its BLUSH
opalescence and smooth texture indi-
Gated from outward inspection that
vaseline might be present. However,
subsequent analysis and physical In
spection proved entirsy different rhe
analysis is as follows: Mineral oil,
S4.3G: fatty oil, 1342 soda Ccarbonate)
l.6a: moisture. none melting point. 1870
degrees Fahr. ttre test OF fat minus.
20 degrees Fair iodine value or fat, So
specific gravity OF fat. 955.
Examination of the mineral oil proved
this TO be an asphaltic oil of low cold
test and good viscosity. The titre test
of the fatty oil iodine value and specific
gravity indicate that the fatty matter Is
castor oil, or at least contains con
siderable proportion of castor. Briefly
summarized. the above analysis shows
conclusively that alcmitc lubricant owes
ifs high lubrlcating value to the nature
Of tile fatty OIL used in compounding.