davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-03-10
Reserve Systems
Ratio Moves Tn
On Bill Reduction
Advances From 76.7 to 77.8|
Per Cent: Bills Now Less
Than One-ihird of Aggre-
gate Reported q Year Ago

Further Improvement in the credit
situation was revealed in the statement
of condition of the Federal Reserve sys-
tenn as of the close Of business March
8, made public yesterday. The princi-
pal change was a reduction in total
bills on hand, which fell from Ss03,-
2Sl 900 to $732.972, 900. at which level
they were less than a third OF the az
gregate reported year ago Due
cnichy to this decline Che ratio moved
up IL points, from 76.7 to 77.s per cent
Cold reserves Of the twelve banks
we're augmented to the extent Of sl4.-
100000, and are now less than SIS ,OOO,-
600 below the $4,000 100000 mark. Ag-
Grcgate reserves rose from $3.080, 1873
900 to $3,093. .960, 600. The most cx-
tens;ve decline in bill holdings oc-
CURED in the rediscounts of bills Sc
cured by government obligations, which
went from S2S5. 900 to S23S ,497 900
Commercial rediscounts decreased
about $30,o00,00o, while bills purchased
| in the open market rose Sc 900 600
The latter item stands at SOL ,93l 600
the highest level recently reported
and rejects broader resort to the re
serve banks as a support for the ac-
ceptance market. The reserve account
OF member banks declined slightly
more than S5.000,o00. Circulation was
Virtually stationary, gaining less than
100000.
The ratio of the New York Federal
Reserve Bank advanced from S4.1 TO
$40 per cent. lts reserves increased
about s3.o00.000. Bill holdings dropped
$4,000 900. the decrease being largely
confined to holdings Of bills secured by
government obligations. The reserve
account OF member banks increased
$7.000000 while there was al oNpan-
sion in circulation from S62G 673,o 900 to
$G28,o79 000
New-York tribune., 1922-03-10
CHICAGO AND NORTH WESTERN
HALFWAY COMPANY

NOTICE OF ANNUAL. MEETING
The Annual Meeting Of the Stock holders
of tho Chicago and North Western Raft
way COMPANY will be held at the office OF
the company, 226 West Jackson Boulevard
In the city of Chicago. Illinois, on Tues
day. April II. 1922, at eleven o'clock A NJ.
for the election OF Directors and the trans
action OF such other business may come
before said meeting
Transfer books viii be closed on Friday,
March 10, 1922. at the close OF business on
that day, and viii be reopened on Wednes-
day, April IL, 1922.
Dated March 8. 1922
vi lLLIAM II. FINLEY President.
JOHN d. CALDWELL. Secretary
New-York tribune., 1922-03-10
OF SPECIAL MEETING OF
STOCKHOLDERS OF THE STONE
MASONS CORPORATION OF

TO THE STOCKHOLDERS OF THE
SIONE MASONS CORPORATION or
NEW YORK:
Notice is hereby given pursuant to a
resolution of the Board of Directors OF
Meeting OF satd Board held on the 4th
DAY of February, 1922, and pursuant to
Eectlon 221 of the General Corporation
A%w OF the Safe OF lSew York that a
~eetiAc OF the Stockholders Of this cor
l7rat!on will be held at the office %
James a. Delehanty, lis Broadway, New
-ora CITY on the llth day of March. 1872
81 ESQ o'clock in the afternoon tor the
purpose OF voting proposition tina.
ans corporation be dissolved forthwith
ISIDORE LEVY
Secretary OF CORPORATION
New-York tribune., 1922-03-10
FINANCIAL MEETINGS

PLEASE TAKE NOTICE tina. Special
Meeting OF the Shareholders OF The Sea
board National Rank OF the City OF New
40 80 froal street Manhattan s',"f Bors1rs p'lss
New York City. on the Soth day OF Efarsh
1879 at 1850 A. ri. for the purpose OF
voting upon the proposition to ratify and
confirm an agreement made between 'he
Directors Of fho 3esbosrd National Bank
of Nrrosntile Nalional sank IN New Yorj
providing for the consolidation OF 50 id two
banks ard upon such matters ~ may be
spp'pprlAte 10 carr! into effect ssid q tee.
ulcut
z. ordc- OF the Board OF Directora
New York March 2nd. s22
THE SEAROARD NATIONAL RANK
Or THE CITY OF NEW YORK
SAMUEL c. BAYNE. President
New-York tribune., 1922-03-10
Cannot Afford Risk

Question wrote you several weeks ago
asSins ,n., your advice in r.s1r4 10 some M
some high grade bonds YOU considered
suitable for my needs. As have not yet
como into tho money that wish to invest
and 40 I feel 1T would be moro satsfsc-
tory to Give you more Information IN re-
gard to my AFFAIRS that you may be In Il
position to advise mo moro intelliEcntly,
have decided to write you again. and shall
greatly appreciate further advice. AS said
before, ! am WIDOW. abselutely dependant
capt a rental which receive from the
southern Penn on Company for oil and
ml1Hra reg@N@"n9 20 ah"n Il oo6 %est Hrs9 M
which may he diecort!nucd now at aaY
time. so, thia source is very prccsr-oua.
Bcsides tiIs ! average $500 year troln a
vhioh have an interest. $40 f"crI a first
mortgage real estate lo,u and some Lib
to about SIG yearly. am Interested in
a house furnishing business f. pu Boia.
Pa. left me by my husband. Tor mum
bcr OF years II haa only paid per cent.
and have never until row boon abie to
soil out my stock except at great sacgl
flee. have stXty-four 1harca and an nOT
offered 5000 Tor 1t, which have nc
oepted. rha eiociS is worth par, but con
sdcriug the very low rate OF interest re-
ccivo | feel 1t is h,tter 10 stand . small
less and reinvcst it in something bringing
IN large ana snrer returns. The Question
the safest aud beat way. Neccsgariy
waft the hiGheat rate Of interest comsatcnt
WIN tltN greatest degree OF Salctt Df iitlN-
cipal. ihlnl should clatc hcrc that a
mon.ber Of my family lg associated With
one OF the best known brokerage houfcs
here aud is in position to watch tho
. position of womar who had no know|
edge OF the movements Of the market,
therefore mig take lftila longer
chances This relative of whom spca,;
fccls that he would rat thcr not give mo sd-
vice TO the investment Of my luo0es.
but would rather got ii from sono onH
csc perhaps more competent to advise.
but assures that lie would carefully
watch for me and keep tab on any invcat
mcrt may make. shall greatly Appre-
ciate early reply after yoD have given
ths your careful Consideration. Please tel
how Sp!0o you St"GM consider Southern Paci;c s"d
Reading. G.-Mrs. II. Nj. II.
Answer-Yo our statement as to in
come from other sources convinces US
that you cannot afford to risk any of
your capital by reaching out too far
for a high average rate Of income. At
the outset we will state that, in our
opinion Reading and Southern Pacific
stocks are too speculative for d woman
in your position. If you feel that you
must go so far as to invest in some
stocks, we would suggest high grade
preferred issues, such as American Car
and FOundry, united states Steel,
Atchison or American Banknote, all
preferred, They would give a return
OF 5 "a to per cent. You might also
consider American Telephone and Telc
graph stock, which yields about 7i2 per
cent. We believe, however. that you
should put some of your funds into
good bonds. and would suggest United
Kingdom 61as, to yield about s I. per
cent; Nirginian Railway 5s. Louisville
& Nashville 81 KS, or New York Central
dcbenture 6s, for instance.
New-York tribune., 1922-03-10
CHICAGO. SAINT PAUL, MINNEAPOLIS
AND OMAHA RAILWAY COMPANY

TO I7-T- VF Ann Z = Y u EE INC
The ANIMAL Meeting of the Stockholders
Of the Chicago, Saint Paul. Minneapolis
ana Omaha Railway Company will be held
at he office OF the company, in the city OF
hudson. Wisconsin. on Wednesday, April
~ 1922. al nine o'clock A M. for the
election Of Directors and the transaction
Of such other business as may come before
said meeting.
Transfer socks viii be closed on Friday.
March 10, 1922, al the close OF business on
that day and VIII be reopened on thurs
CaN. April l3. 1922.
Dated March J 1879.
JAMES r CLARK, President
JOHN D. CALDWELL. Secretary.
New-York tribune., 1922-03-10
FINANCIAL MEETINGS
TO TO T THE sHAREHoLnEEs OF M MESSkkSS:: EySsSskS

TO THE SHAREHOLDERS OF MkHXSnnHT.
NOTICE is HEREBY OWEN tnss .
sS-acial meeting OF tho shareholders .. Ts.s
camille National Bank In New YORK nss ,sss
called and will be held on March 80. aia ss
at I3 o clock noon of that day. ~ the msii
office OF said Bank, No l16 BreedE,n,y' ~
the Borough OF Manhattan. The Cit! "a
New York. Cd TO vote on a prcposs,son"s snsers
ratify and confirm an agreement hsrs'SWsr. Wsr.
entered into between the Directors OF sse
camille National Bank In Now York are .ns M:
Directors Of The sesboare ',,en Ns,;ensi, ,ss sss
consolidation thereof Into ! sinsIs snufeS
banking association. to ee kEcMn = ~
Seaboa rd National Bank OF the Clty ea ~.
York. and (3) to take, authorize snoi ouv "a
prove all such further action es shsN .,cs -
necessary or proper to ehertusS sS'
eolluol.Gc lon.
81 orsler OF the Eoard Of Diyss'es~
CHELLIS A. ADsTiS.
]. c. TrArHAcEN
Dated. February 2T. 1889
New-York tribune., 1922-03-10
Investment
Information

Questions Of general interest to in
restors wiH be nnswered IN this col
umn, an ,ohich case only initials wiH
be used. Others 'oiH be onswcred bv
mail. Address all Enquiries, inclos-
ing stamped, addrcssed cnpc'opc, TO
Financial Editor, The Tribune. l54
Nossdu Street. Neto York CITY.
New-York tribune., 1922-03-10
'------------ ---------------
FINANCIAL MEETINGS
CHICAGO. SAINT PAUL MINxrApnr,S
AND OMAHA RAILWAY CONpANV

~ broadway. New York. March /, 1872
ror me purposes of the annual meeting
whlGh VIII be held at the Company's ONCE
N N Huason. tucson. WISCONSIN. on Wednesday. April
transfer books will be closed on Friday.
Marcn 10, 1922, at the close of business on
,nSt ,nS Gay. and reopened on Thursday. April 1c,
W.. IOlN .. CAIaDW ELL. Sa1reta
New-York tribune., 1922-03-10
London Market Irregular

LONDON. March o Prices moved
irregul arly on the Stock Exchange to-
day. Bar gold vas quoted at 95s;
money was loaned at 3i1 per cent. Dis
count rates were: Short bills. 3%sCq
7-16 per cent; three month bills. 3$s
per cent. Consols for money were
quoted at 561s, British per cent loan
at 97Ss and British ~ per cent loan
at 81.
New-York tribune., 1922-03-10
CHICAGO AND NORTH WESTERN
RAIIHAI COMPANY

= BroadHa Ne" forh, MarcE l. f9.3
hor the purposes Of the annual meeting.
IN Chicago, Illinois. on TUESDAY. April II.
1872, at II 90 O'Clock a. m, the stock
fransfer books viii be closed on Friday
March 10. 1922, al the close OF business on
that day and reopened Wednesday,
April H. 1929
JOHN Il CALDWELL. Secretary.
New-York tribune., 1922-03-10
NEW YORK SUBURBS COMPANY

he annual meeting of The stockholders Of
q, tic Office of the Company Room us Van
dcrbn; Avenue Building. 81 East 42d Street,
Borough Of Manhattan, City Of New York
\. y or Wednesday, March 10, 1922. at 10
o'cOek in the forenoon, for the purpose Of
electing directors and for the transaction Of
such other business may be brought before
the said meeting.
JOHN H. STORER. Secretary.
New-York tribune., 1922-03-10
Bankers Shares Speculative

question ~ DO ycu consider C!tisa Service
a sal investment? I own so,Nc B..A.> ors'
shares. average cost about Sii ah,.
would you advise buying ut present price
IL. NJ T.
Answer-As you must realize in view
OF developments in the last few
months, Cities Service bankers shares
stand out rather conspicuously as a
speculative issue. We would not sug-
gest that you buy any more unless YOU
feel you can afford to continue your
speculation.
New-York tribune., 1922-03-10
Getting In on Ground Floor

.ouestion-Niy husband and haye oaf
life savings IN savings banks We a
pendent on hts earnings \ friend mis-
sclls stocks in compani,s known az | "a.
and Piggly- Wlsgly and says that faa.
stocks If bought now. afford word ~ it
opportunity to get in 'on the ground 6oor'
he calls it, and points in support OF ,h4s
70 the Dro,its that would have hee1 ,r ar
If one had Invested in Atlantic ana pacine
re COMPANY. National Biscuit G nnans
or the American Telephone and Telegraph
Company when these concerns frs, sta. /.
Please jet me know whether you think th,
stock Of the two companies first nam.
above is safe and suitable investment F.
people in circumstances "A L. l..
Answer-When a salesman calls upon
you to sell Urban Motion Pictures and
piggly-W -Wiggly shares, ask him to tell
you fully regarding the earning power
and financial condition Of the Urban
company and of the Piggly- Wigely
company, instead of about successes
made by the Atlantic and Pacific Tea
Company. the National Biscuit Com
rany and the American Telephone and
Telegraph Company. If the shares
which a security vender was seeking to
get you to save money for had them
selves long dividend records he would
lave concentrated on that fact instead
Of upon wholly irrelevant matters An
swering your question directly, We do
not think that the shares of the tlso
companies about which you INQUIRE ere
safe and suitable investments for per
sons in your circumstances. To sav
the least, they are both cxccedingly
speculative
New-York tribune., 1922-03-10

Answer Building and loan associa-
tions operate under strict state super
vision and serve useful purpose in
encouraging thrift among people OF
small means, especially among those
looking forward to building q home o.
their own. Their relative safety fiuc-
tuates only with the intelligence of the
nlen in charge of making loans. An
association that has been in business
over period of years may be consid-
cred to have demonstrated its strength
A building and loan association offers
= convenient means fo- regular savings.
New-York tribune., 1922-03-10
DIVIDEND NOTICES
OFFICE OF
THE UNITED GAS IMPROVEMENT co
N. w. Corner Broad and Arch Streets

FhIladelphIa, March 5, 1929.
The Directors have this day declared a
quarterly dividend OF per cent ,5Oc per
sharo) on the Common Stock OF this Com
pany payable Apri 10, 1o2e to holders of
Common Stock OF record *, the close of
business March 81. io2..
ID Checks " III ne mailed
l. w. MORRIS. Treasurer.
New-York tribune., 1922-03-10

The proportion Of the banks reserve
to liability this week is 1906 per cent;
last week it was 1918 per cent
Rate Of discount. Az per cent.
New-York tribune., 1922-03-10
Bank of France Statement

PARIS. March 9.-The weekly state
ment of the Bank of France shows the
following changes in francs:
New-York tribune., 1922-03-10
building Loans Place

Qu"stion-Refcrring to the Investment
lnforlnatlon column of Your paper, viii YOU
please bo good enough to express yuu-
opinion OF building and loan associations
and their usefulness to the small saver -
New-York tribune., 1922-03-10
Bank of England Statement

LONDON, March 9.--The weekly
statement Of the Bank of England
shows the following chances:
The Hope pioneer., 1922-05-25
Beef Stock JUDI ging To
Feature The State Fair

Plans are being formed to make the
Judging of beef cattle ut the North Da-
kota state fair at Fargo, July 1922, Of
real value to every person interested
in livestock who visits the fair.
"Every farmer who wants to know
how to pick out a good bull or COW
should plan to visit the fair this year."
says Secretary F. w. A1cRoberts. "He
ought to be on hand every day the
stock is judged, and follow the Judge
closely in his work. He will be able to
learn many points of real value"
In judging beef animals at the fair
this year, the score card system follow
ed by the leading fairs will be used.
The general appearance. of the animal
will count 3S points, based on weight,
form, quality, and condition. The head
and neck will count six points, and the
forequarters eight points. Since the
body contains the most valuable cuts
of beef it will count thirty points.
The hindquarters, also containing
The Hope pioneer., 1922-05-25
BULL TRAGEDIES THAT
COULD BE AVOIDED

Practically every community has a
record of bull tragedy. Usually the
story is Of the bull that was consid-
cred "safe" who turned on his keeper
and either killed him or broke his
bones. These accidents are so COM
mon that it is remarkable how men
still persist in taking chances with
bulls over year old.
There is another kind of bull
tragedy where the tables are reversed
and the bull is sold to the butcher for
bologna before his value is known. A
record of such tragedy has just been
received from the coast. In California
they had dairy COW competition and
one Of the leading prizes was awarded
to the five cows with the highest pro-
duction Of butterfat- all sired by the
same bull. The prize was won by
eight grade cows whose average pro-
The Hope pioneer., 1922-05-25

heavy crop of excellent fruit, and vary
considerably in the degree Of wilt re-
s!stance possessed by their Individual
plants. Even IL auch varieties are sus.
ceptible to wilt, II they produce occa-
sional resistant plants. they afford
good material for selection, but the se-
lections have to be carefully tested
on uniformly wilt-infested soil for
period Of several years in order to OBJ.
tain the best strains or varieties-a
process requiring more time. skill and
expense than the average grower can
give to 1t. Most 7arieties transmit ap-
proximately the same degree Of wilt
resistance to all their plants and con-
sequently offer little opportunity for
Improvement by selection. Tomato
plants selected for wilt resistance
usually transmit to their immediate
offspring as much resistance as can be
developed from them by subsequent
selection. In few instances increased
resistance has been obtained in the
second selection, but not In later &c.
lections.
The Hope pioneer., 1922-05-25

many choice cuts, will count eighteen
points.
The ideal beef animal which visitors
and exhibitors must keep in mind this
year is one that will produce the larg-
est amount of righ priced cuts of beef
when it is fattened and butchered. 1t
must have low-set body, broad, deep.
and smooth. The body must have
level lines and On even covering Of
firm, thick flesh. The hair, hide, and
bone must be of good quality. All
these, and the general character and
style of the animal are important, as
they, are an indication of the inner
parts which cannot be seen.
Premiums totallng more than $4,000
are offered for beef cattle by the fair.
The breeds will include: Shorahorn,
Hereford, Aberdeen Angus, Galloway,
Polled Durum, and Red Polled. About
$50 animals are expected to enter the
show. All entries must be in the
hands of the secretary not later than
~July TO-
The Hope pioneer., 1922-05-25
Minneapolis Butter, Eggs and Poultry

Minneapolis Butter, Eggs and Poultry.
Butter-Extras, 33c; firsts, 26c: sec
onds, 21c: storage extras, &c; pack
ing stock, fresh sweet. 16c: stale
goods, SC: grease. 1c.
Eggs-Country receipts, rots out per
case, $6.75; No. 1 candled,. good ex-
tras, free from rots, small dirties and
checks out, per dozen, 24c; seconds.
dirty and held stock. rots and leakers
out, dozen, 16c: quotations on eggs in.
clude cases.
Live Poultry-Not advisable to ship
turkeys under lbs. In weight. Hens
4 lbs. and over, 22c; hens under lbs.
19c; cripples and culls unstable:
ducks. fat, 1sc; geese, fat. 12c; tur'
keys, fat, over lbs, Csc: turkeys,
thin and small, 15@20c; cripples and
culls unstable guineas per dozen.
$500: roosters. 15c; broilers. per lb..
4Oc.
The Hope pioneer., 1922-05-25
FIRST TREATMENT OF HIDES
First Spread II Out With Hair Side
Down and Then Cover Evenly
With Layer Of Salt.

If the hide from any animal is to
be held few days before selling, the
first treatments are essential, accord
ing to the animal husbandry depart
ment at Iowa State college. In ham
ding, first salt it by spreading 1t out
hair side down and covering 1t evenly
with heavy layer Of salt. Fold the
head and legs in until the hide forms
strip one and one-half to two feet
wide. Start at the head and roll
tightly and then tie securely with a
strong string.
The Hope pioneer., 1922-05-25

costing Sc, ,442, ,224; Massachusetts, 1908
miles, costing $4,391 ,O36, and Mary
land, 1878 miles, costing $3,752 ,233.
Projects under construction and the
degree Of their completion January
in other states were as follows:
California, 1929 miles, IS per cent
complete; Georgia, 1929 miles, IS per
cent complete; Iowa, 99S.7 miles, SO
per cent complete; Kansas, AIS miles.
GO per cent complete; Louisiana, 354.5
miles, 50 per cent complete; Minnesota.
1912 miles, Is per cent complete; Mis-
sissippi, 464.3 miles, Ga per cent COM
plete; Missouri, 535.1 miles, 20 per
cent complete; Montana, 412.8 miles,
II per cent complete. Nebraska, 914.1
miles, 81 per cent complete; New Mex
leo, 551.9 miles, 81 per cent completei
New York, 347.9 miles, A per cent
complete; North Carolina, 5O7 miles.
80 per cent complete; North Dakota,
S1O.2 miles, 50 per cent complete;
Ohio. 1882 miles, 81 per cent com.
plete; Oklahoma, 30S2 miles, GA per
cent complete; Pennsylvania, 248.0
miles, 81 per cent complete; South
Carolina, 41O.7 miles, SO per cent com.
plete; South Dakota, 688.7 miles, 70
per cent complete. Tennessee, 440.1
miles, 48 per cent complete; Texas. l.
381.9 miles. SO per cent complete, and
Wisconsin, 538.8 miles, Is per cent
complete
The Hope pioneer., 1922-05-25
NO. OAK. is A NATURAL
CATTLE COUNTRY

North Dakota is a natural cattle cOun-
try. The buffalo discovered that long
ago. Roughage is. produced in large
quantities here and is always cheap.
Tons and tons of Straw are available
for bedding, and needs to be worked
up into stable manure for the good of
the land. A poor man can make COM
Portable stabling for beef cattle with
straw. Windbreak fences can be made
from it. Double row high posts with
wire, poles, or brush nailed on them
and filled in between with straw makes
stable wall or windbreak fence as
you elect to use. Make third close
fence foot inside the straw wall or
the cattle will eat holes through the
windbreak as they shelter behind it.
According to U. S. government fig
ures, IL per cent of the land in North
Dakota west of the Tooth meridian is
too rough or toe stony for pasture. In
my opinion 35 per cent of it ought
never to be plowed. Twenty per cent
of the Red River valley land should
be in grass crop for it's own good as
rotation grain land. Beef cattle will
Craze this well and leave the farmer
free when his crops require his time
In winter they will utilize his other
wise waste time and consume his
roughage. The supply of manure,
which they produce, can be hauled to
the fields when bad weather keeps
! him in from harvesting and threshing.
A silo makes easy feeding and saves
his corn crop, out Of doors. The pit
silo will house all surplus of corn for
use during a further season of short
forage crops. Silage will carry man
over the short pastures Of August and
F, September when the land is dry. I
have kept silage at the college for four
/; years and records are on file of it's
having been kept for IA years.
| Corn fodder will swarm up" cattle
and carry them past the "grass fat
run which brings market glut and
low prices. Corn used in that way
| brings on an average of about $50 an
acre provided stockman does the
buying, feeding and selling. The live
stock farmer usually can be picked out
by his good crops, clean land, painted
buildings and general indications of
! thrift,