davidaulloa/AmericanStories huggingface dataset:
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-28
RAILROADS PREPARING
FOR LARGER BUSINESS
Contracts for 1876 Locomotives
Placed During Past
Week.
Buy 1.0o0.om Tons OF RAIL
Order 1850 Freight Cars. With Nc
E"tintion- for S..N' additional
apcnding-StccI Companies Proht
by Heavy RnIIroad Purchases.

NY n. T.. Harnurn.

wv rltinr tor inc | rltCI NHwSD
YEN YORK Sept. 21-TndaNS
stock rark"t was very much like tn.
ons OF yesterday and the day before"
trading up 10 noon being Gui.t. hat
activity then Increasing, with prices
declining. Today, however. there was
considerable uufsVcrahle news 10 de
count for tho weakness RAMS were
sold on several poor Augus; earn
inEs statements. especially the ones
put out by Baltimore and obi" and
Atchison. Then Pittsburgh Coal un-
cNNvCtcdly passed it's dividend on
the common stock ls pcr cent
icing due At this time. That stock
broke $ points on this news. aUd just
at time when efforts wei" being
made to work up enthusiasm on the
coal shares
Then Newman Erh. president Of
Ann trhor. announced that tho initial
dividend on the noucumulativc pre-
ferrcd stock OF his COMPANY expected
;t This time would be deferred in
doauitcly.
Roads sec bigger business.
II appears from today Iron Age,
going ahead preparing for larger
however that the railroads are
going ahead preparing for larger
business. that authority stating that
the past week had probably been
the hes, ono in til" history Of tn"
o.,. .,, co.,
-, ' ma
60, -, ,..,,
,.,, , ,I MN oor
9t CO.. ,gr i.,,,iy...
49,, -, ,l.,.r 5,,,i, 80. v,
,, ;,,,,,di,,,- IN" ~. %,,, VIM
C, ia;.i,, ,;..... ,,,,,
.Id IN L;h, t.,,,.
IA ,.t,t ,,,i
.oo ,,i.,t.i,, .r,,,
,,iIr,.Hs ,,.,J.i, ,t,,a,,
n ~
,, ,,,.,.,
- .t,r i. No.. ,,a,,.
,,,on in, ,.;ur "a
,,,S-o,ssd ,,L,,r,in, ma hrr.rs
,,,,, ~ ,io, 800
,t. MA. ,in,., 49,
1t.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-28
,"nns,,own Merger nro..u ou

f"uNISToWN. ONO. sept a7.-
N"gotist!ons for tho merger nr tho
youngstown sheet and IIihc com
pany and tn" Hricr iill Ste.v com.
r"nv hay" boon hr"!"n m. H. va.
announced today iu statements made
nUhLic nv holL rnmnamL.-
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-28

fRy Associated Press
BALTIMORE MD s.r, .5-po,4to..
40 ,osrrSl 1000 700: sweet rotaia-s
onions yw'. l.ol n IS
ADul"s, barrel :nnT 40
l.ir" poultry. spring chicken eiTc7. Old
hons ."f - old rooStrrF g ducks n =
.EErs. native and ne.r-h nv =; Sourherr.
Ruite- creamery. fancy prin,, ,.1,s
rH.r hv creamery. 3Sm N dairy prints. :
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-28
RICHMOND STOCK MARKET
Quotations by C""kc c. Burch

West End Bank -. 25 74a
Textile STOCKS.
Patterson Mills. pr. ZOO 1872
riverside and Dan
Riverside and Dan
RIVER. com. $500. 100 2a5
Roanoke Mills. 73To,
Rosemary Mig. Co. wv wv
Ml."e,Inn~o...
southern Bond and
Mortgage Gu. -. 100 100
H. T. crump Co.. 8 y.
a.. pfd. . 100 90
CRYSTAL Ice Co. pr. 8
Jefferson Real. Corp. ' -
.,ohnson Pub: Co. ,pt. 100 100 81
Johnson Pub. Co.
Larus ana Fro. Co.
pf y. q. partic. 100 ia ll7b
o. -. |. and 8. Co... 81
-. II. =. :. co. 100 30
So. stove Wks.. pfd.
50. S,ov. Wks.. en- 100 az
SD. Pa. Mfg Co. pf 100 los
t. !. 7. j. g.. pfd. 100 1924 lO7
l. j. T., com. 100 I23 los
VIC. Oh. com..... 100 81
VIC. Chem. come. 100 &c
Va. Bldg. and l.. 6" 10 100
sales.
10 loan"k" Mills. pfd., l0l a. &.
- Va. Il and T. pfd.. 7:i.
$50 Va. u. ard T.. scrip. ia
$50 Va X. nnd T.. scrip. III
80 Va. u. aud r.. com. 300.
II Va. r. aud T.. com sol.
10 Va. X. and T., com. 304
10 Richmond Trust co. 81
10 Southern St"N" Works. com.
40 Universal Lear Toh.. md. 100!
10 Universal l""f T"b. pfd. iU2!
state ana city liank and Trust
60. -.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-28
WILL BUILD GIANT SHIPS
FOR CIIILE.U. 5. TRADE
-fEN Nssn.i.ted pre..l-

NEW YORK. sept. 27-Consrruc.
ton ~ two of tho larges, ocean
'arso carriers over built for us. In
transporting orc from Chile t. A.
I"ntic Coast ports in America. has
n'cn ordered in connection with ,
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-28
Greek Hanks send. Cola to T., {

NEW YORK. Sept. IA shipmc,
Of 25,0Oo.ooo gold francs from III
Greek National Bank for deliver
=" the Federal Rcs"rv" Bank Of Nc.
York was brought from Piracus q,
"a" steamship ThcmiStoclcs whic.
"""kod in Brooklyn today so OK
ri"ua'i"n was made FOR tho shin
n"Ht.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-28
SUGAR.

NJ" F''NN N"rI =" The local Jaw
>"E'i '"niN"i quiet ma 20" s.l"s v,rc 70.
10 i',i. fi'''s W"it unchanged at : cents
inr 'ul"-. cost Hni freight. cGua! to -,
E.w eugar futures were easier unI.,
scattered 'tpui.Ifl"u hN "u'sIi" int.rtst .
uM'nE 4" ~ uu''.f t.'''i feeling ia hc spui
''r""t hud 10" uEhi inquiry for rcnt,.I
N"E"T' 'I"t. ''i'r- We're =" j" point :
h'i I"W"r. Closing. October. a"i p.c.u-
b.i 10, Mar, b. 500. MAY. ;i.
h'L" wrr' u" change. In r"!iu"i sugar.
VII hh' gttUtIlht"d !TUtrd 81 G - by mi
i'NH'i> IN" demand was light Win
N"'vhh h'hd- Nii!i ~"l.iug below rrnn.rs
quotations E"nurd futures nuIuiuul
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-28
CnTrnNs,sEn OIL

NEW york. Sept =. C"ftons.rl ui
+iN'h,-d &" :; POINTS carly. nru 'a,.t
,Nh'd easy under scattered liuuidHiinH
'u n"'r lN drliy"rlrs ani '"ca' selling on
'h"H. "u"ring- ~ crude ana the h-l,!.
ness IA 'uttbu. closing It'd. Wsrn d. n
i"lnl- M l"w"r. Sales ,u", I,nTr,'.
renders 80 h'rr"ls I'ruc cfuI" (; 80,
g.. ,fiiur Summer yellow spot -. ,trir.
hid ' '
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-28
COTTON HEDGE SELLING
WEAKENING FACTOR
nv As,oc,a.enrt.,.l

NV ORLEANS. Sept. 27.-Hctge on
inr In !aTge volume. muon Liquidation
ealing for thort account, weighed .F,.n,,
the price OF cotton today from IN. np.n
ing. fhe market had out .irtle st!enEth
a, arr ;.ns ard. with almost roi feeov-
e5SAz :! consequences. IL gat one 4radulI
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-28
NANAI. Srnrrc

49, N,'SNNli GA SCI, = Tmrr.nttn.
~, M ~. sales. 2',; r.coin,z Is. sb',
.:l-s %9. rcccirs 100 ,hi i%, mn 81
I 49,. nn"t": ~. u. = - G. u
- ~ ''' ''-'' " 80; VIC. SIS; WV, ssI
,s, M,,,,kSnENiLLE. Fla sen, ?. Tmr
30 III S'""iN' ~: S"'"S 100: r"r.ir,t
a., Sn.SS 80 r"."ints. j 20: shipm"n,s
- IL. ". ss.'h; \. SIS. NC -; VIZ
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-28
DRY G,,,pg

NEW YORK sept - Cotton COOL
"rr- hrmsr in hrst hands to-day New,
nrices acre named on hranted hleachcd
coyons on hasir OF is c.nts for Lone
dk!. <-t goods. Denims were advanced IN
some quarters TO basis OF lsh Cent?
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-28
=: w!N H. sras, ,,In~-e Il A- lat

Sng with 'h- gr..a. 81 .,.Ir-.s in IA. ,.
- -. 'h'' 'rIik "t ,l".It. ,t IN. loves
-, : -" i",, '' rot iu'-r- at 20 t, 4! ro,uts
- i"h,'r 'l"~..l ~ I."t 49,
!" h' "'i.S session niue Of the s.I,in,.
49, ',H3'h 0" iutnurs OYER private.
N'''H mar lt'l' tSh ANA Turkish rnrC",l hal
- -. ih's hr"hrhi "ul great lea
~ tsH"'"Il"h from iii"I luuGs hiIi "nri.
80. LIS - h'onbi"I 10 only about H. u,,luts
'"S w" hlidI" part ~ ia, session
I|.;,. '"",'t"r'.~ >"-u'i"'l h-c"ut'' ~ thu.
"fH'N hhiHN"l.fi'." tone Of ih. y..l Ia.
s"p t"l"fi~ from The government nni
~ U.s. "l several unfnNorHblr vri,s,',,
hur"tU r'U"rts On tny crn,, c,,,if,t,,
msn'c' IN ms" r"p"r's ranging irnIn ="
- ;Sr"r iigHr"s from a7I"co IN To-
h"dr" -riluE increased after MI, soc
>,", ana prices gradually gave srnuuI
",,.". "h1 - was S"n"r.llS commenced
'gnh 'ha' fIUtH"tlOn ~ long contru,,.
10 INCREASED "t'"r N" noon hour Al
u.llonH i,r"sGGr" dcv"iouol after rcnn,f.
'"rN received rs brokers hrr. from so,r.,
. n,r'nr Sr"' markets claiming that Tho
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-28

Sales.
100 Advance Rumlcy -. ........
500 AJAX Rubber ................
4?oo Allied Chem. and Dye .......
l,?Ho Aiiis Chalmers -. .........
500 Am. Acri. Chem. ............
lnn AM. AGri. Chem. pfd. .....
loo Am. bosch Magnetic .........
$500 American Can .............
?oO Am. car aud Foundry ........
500 Am. Cotton oil ...............
zoo Am. IIidu and I."Tth"r ......
10" Am ilid" and Lea. pfd.
?"" Am. Inter corp.
3,lN" Am l.iBS""d
500 Nm. I.u"nmtUiv" ............
500 !. ~. safety Razor ...........
: 400 I'm ship aud Commerce :.
zoo Am Sm"It. and Icf..........
l.2oo .Nm steel Foundrics. ........
soy Nm Sugar Refining. .......
5nA Am. Sumatra Tobacco .....
i,4o" .\m. Tel and Tel ...........
~ Nm. i""atI" .......'.......
S.Nu" Am W""l'n ............
500 .Nm Zin" Lead and Smclt
500 Anaconda Copper ...........
LOCO Ntch. Tup. and Santa Fe. .....
"nu Atlantic Coast Line. .........
$500 All. Gulf and w. Indies.
. inh baldwin Locomotive
l. 10" baltimore aud ohio .........
80" i I:"r6nSGn.n = sioc, n'.'''...
500 kr""klNu Rapid Tran.
-" Turns Eros. H. .............
.'n l;uitc aud superior.
..2"p calf. rrtr"l",im ....
900 callahan InC-l.cad
900 Canadian Pacific ..
;, 900 Central Leather .........
$500 t"rr" Il" l'aSco coppcr.
Zoo Chandler Motor ....
l. 700 chesapeake and ONO. .....
|"n chicago aud Alton
,""n thic. ana Cast. III.
ann chic. Mil and 81. raul. ..
TO" chic. Mil and ST, t. prd.
l.inn ChIc. ANA NnrthwrStcrt
800 chi. Rock |. and Fac.
t.Nu" ''hil" copper $500. ........
a. SSn"0 nm" '"pp"r '''............
SEQ tol"rad" Fuel and Iron.
~" colorado southern 800
GO" Columbia Gas amd Elcc
1.""o Consolidated Gas
In" Consolidated Textile
i,lhu corn Products .......
100 t"Sd"n ami Company
",\"H i.rucibl" steel .........,.
nnn ''unan .\nD sugar ......
900 t'uhI can. Sugar
80" Dawson Chemical
I.:"o bel. Lack ami Wrsi
'"h Eastman Kodak
400 l:l"ctri" Stur. battery.
w." !:ndi""it Johnson ...........
2%oo Eric. Isl ma ........
5000 Famous ilaN"rS-I.askey
Zoo Fisk ltuLhcr '.......
30" fr""prrt Texas ...
l35""" ,:"n"rai \sphait ..:.......
10" General Electric .........
l3"un General Motors
5nn fu"drivh ~
100 cranky Consolidated
1900 Er"!t N"'Ih"rn. pid ..
1900 ,;u!r states Steel
i.'"" li"ustuu ON ........
t"N hudson Motor ...........
!nn Hum Motor ...
''," ," i,i,A"r2nl'n steel .............
-" Illinois '-utrti ........
Euc IuIith,,r. r. ,,,;,
1uO inSpir.tt.,r t.n,
,uu IuI,r Mn.
. Gao Inter Nor. N.r i,fi
~" lni"rnn ti"ual Niri,rl
r"u Internal '"nnl Paper
-,""o inNin"ii,l. gu ..
pee Iron rruiu,t.
"a" Island til .....
20" LINES Brothers ~,
'.t'"" Kansas tIN southern
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-28

r,,rs. vcr pound: k.nsai double ~.
., o. E.nns - k"nn-aL hcsL. y" . ~
NJ 'nH q 80, Canton ox,r. ,''!'.,"r!
N,n ."" Shnnshai China steam ii, .ni,,
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-28
PRODUCE.

ro,'ni'N. ','Hh SSsn' = Ruttcr steady
~ s I"drr' 49,, HI<,,. .'Tai STAT ne.,
nrs,s ~, u'+. %. N.sicrn hcnn"ry whites
~ 80, 80: Farihc coas, whites 6rs,
.,,, mr. "a - ch~~.n ann: 70
.y.r... d" = stat Will" min, na:s'
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-28
NOTICE

Va ia7oS
NOTICE
o S9: Z, .q ' s r y M 3as, f r. ,q q m
aG s"1,s e be n rme Fl 5"@"a d. 'qc,sos
M rs sa az. % sta a-42.,. 81 u"
1 "f "1S""a 81 T ff Ne
f. :5 S n IA! Il ia % ] ,. X s.%,
NS' az. @' q. f y ;s s'ss" NJ; h.:
n4tae g ias ' 2ro IN" ad I!%s san
a i9i as we G S q s6P'!
H H.51 q Ae .5 : 81 ! r. 5%ss. .s. 's;'
The f' asa3t. ,,~ 9i mad
sa5 f"% = 70 nj g. Sr "a ~
"a: y. sss sss:e As'"sS Z; t'a ?s9
Is ;"' {: :: : .5 .'a..;
BE rh II 1 's 81 '.@ , s1sn Of. Of "s
5 aS! ss aSS sni.a .;.r g. H, 81 rs @
o&''9 Me- MS s i:e % y" s r9 :; Fl : = ~
NOR han " ot ss1;. i i"@
. .' .. 'h sas .; 20 b. .'""is .;a y
= '" 9a; and s&a a; M! ] s5s.
sopsny 1 ".' ] " s'@ n n II 'n, qdsqys N
ssr ,@,sa end .,.. i9 n ,1s
H%dE MAJ !I and ana IS mere
y %n a. p @ ",6 ard @s
." s XII; e Xxx @ 5 y i9 a S'S d
ss' @ @ 81 M "sGGc and the Tls@Ss rom
a '" sa bn iH e,@ @"s 'anany ~
n II the hy mihn%mh such
IfTi1n o" ms r"nran assign
OF the conditions osaon "vsrm Sc
blank" that "hr sae
a" d fne F coni by an
duty as To- avns m n@S %"nS
arp ooSsr 70 " ns anrn a." of the ',N
@ M "n%r s s s." 1919 and OF
no rIrh M"n pr tns ] o." mi" "n"G shall effective
sai the Ai I" %y rr%vsen Of this ordinance
such SrcspancS the virSn Railway
such
a it's ETan ' r'x xnl a ,e ]
anG rGr thai a ir"nss w,hin such three
the ssrions V
SsI,sn sf IL .s s%%S 'ns P sp
& T W. a1n %hsS ?s sa . sne
Ss"" an9e %S SR been srn"tsd
1n ! st s 0ss14 whih s COMPANY
PTGS gfa s'' DsS ]
IF 1nG sesdi%" and
ss s Ha and 81 s% 81
"e n 9H 5 wS as sa m "maS
sections of Chapter the
cents nd III, X s. a.
nmGS at the time this "dinan takes effect shall
enan,eed secured such @ 2
anen%mSm thereof wa"
Of h ",dh @r any n s? sa or n comfy ,n
nor hn %Sfs , Snn o nay r % % less
s"nsn Any SUCH ane en "s'"n S
drnnh Of ,hr said Nrsna Raiway and Foyer Comma
after the
That while
ar. Of Ts"n sr 2s. %s h1 efss
ii is f.
MCDOWELL
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-28
GRAIN MARKETS

'1iT'' MOO sent - -ipisri-L.,i c,nJi,J,.,,s
No ~ .,.'r iiNt h'd hE'iish effect ON
..,,t.r" 'i' 49, '""'A' hih =" 20" Dict
.r.I, ,.IH ~ Shi'ii"hlS ~ gram
r,... 'i..'f' ~ ne S""'"'rd. w h"t.
r., a.. 80, "5lN'' q 'H'NinG from =.
.,, -, 80 III ~, ',,i"'- w IN '-''i.
.,,rr r..I ana N"t l''. q" l"NE<
81, !' W." . we hid oats uf
F,..,. f ,'', ." q '~r ~ i"c:
,'.~ vh.., .I.i ~ w. ~ ',"s 90 tn
.Ir... u.... ~" ''"''" '"hi"hIN
nult ,y,.tr.-. ,i' ,,'' ~"
n ftr. rn,r IIy.,.,. ., 4" "tt" 10
Fl" reflect auy uu.i,Ii,.-s "t.r Il. l XIV"
'.-t~ Dr nr -, T. in an" M., :" "r"'r an
N. ..afr 90 ,.r,. - .h. a.. r,. ''.,'',' ~
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-28

I"r c9s and s"v"ral lradinc Inc. v.r,
70 me end Ut IN" ycar Wnnf -..,,i
~. n - fine Cl"akirE. fnr i,,,,,,,I' -'''.'-
LIZ: We nrm ana high. substantial 81
,t,,,NL. Ihrtne nn''"i ~ second h-r,i. ~
LICK n" ,iE"ri"s az small iU,s ,Ta
Nn.sneh dress goods ana som. 'iH,s ~,
NnIt e""dS w"rc IN modor..o c~rI,T
an" h"Si"r" sold NOR, freo,y uurI.,,.
steady. Linens wer. ri-', 49,,
f'"'"i'i ~I!ks sold NOR. freely
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-28

CHICAGO. (. En
'IH-t today. with stocks MAJ :, r W
hrt c"niin,F1 '-Hm,Trmcnt;. and The MAJ
cor" was iigh, supply and mas, Two
Tioaimm ~ sm," =" "h'nin i.-ccn, more. The
n"si I" move. but dealers ,Isnal,r mn, n.','
NJ va, M"n n""is "i"an. Th" car MAJ
- W. Nnl"i, but ~" score ,r.,Io 40. a.,
n IiGht demand Tor >S-Sa srnr. - , ,'r.i,
nni..,,N-' SifhiIN IN hUv"rS' favor,
'"'r moss on Trash narE"i was c.,,so,
,.rr"iN hy IN. fr""r t.. ~ Tns C'HS1h
'r.Wc,i hni .titl" storage butter W.
,E,, !" Il DO ssH'" way. as u,.s, F
r. h'ti"rS ~"N uain. their az, sfl
Nv i"rEe rntE u siorac, - score "a.
n XII. r.n,s ~ TO @sc. ana cars of 80 a.,
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-28
1--we >roCk MARKETS

Hahs f"' cattle VIII II" Friday :. 'IrIa
ana M"ntav. No CATH. sold or weighed
Ct oihri lhSn tha.. DAYS
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-28
SroT cOrIov

'hT'I.N " Nort. ., Srnf rn.,nn
1911. 'n"'H'i"ns revised Mfiduu- y,
Sales un 'hs spot . n. ,n .-rt,.
- Low, iniidluc 'rrr. mi,iii.nr ~ VI.
l"l.7is '.''''NN' 'f'a' siogn.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-28
FINANCIAL,

I>u- rINhNtIA1s.
''tN' sept. "a. Foreign eSChsnr.
hes ,nGt..!' sis,,iiSin. d"nl'nd. 40.
~, Franc" demand, .5, cables ~
,.,na,p dd""n'nh. -: cal.es. 'ci. "g!i!m
'a."""' chg; cables. ia t:rriu.nv A.,
,mand. ~: "ah!-s. ."f i-!a iioiiI,ii A.,
,.m ,d "i"'; rahl"s. $50. T.r,vHv' i.
';,ir"-'e demand. 10 T",and ,i.,r an
,tt,, H"Gh"- S"raEi.. .l-m.nI I'll, T..
1875. Montreal. To-, ""'" ""h"""'
NEW YORK. S.r, - cav
.,'Si"r; high -: low. a.. ~ m"n-N
oan. ',," , :a ia 80 e., nnc"ych Al o. III
IN. q, ',iI~ loans. firm: rni,o.i iIr ~
" ~ hays ~ 49,: q. monthS a..
commercial paper. q. niig. t' ''''''
i."NnoN. S'rt ?. Har snv,- a.: T.;
$3.50 per ounce. Money ia. ,,nr -,
''~count rates. sh,,- bt.fs -, -enI
""| Three month bills. =. per cen,
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-28

~ hiEfooi' S"rt - Spo, cotton f.tr
1,,I,," ~. " -" '"SN' good iniddllur - ..
middliTn's.' I ~: Ian; mihdlinr, / 81 ow
No., "a a, - -'"h ordinary IH. n-df-
i"F' sales. 500 ha'cS !n.lIdtn :
~, rn american. Receipts 800 h.i.s IN
.'".dy. Snp'cmber i5ia. Sr.at &C.
II =. WW, i-"S; Jan"sry. Ias. March.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-28
BALTIMORE MARKETS

.LDns. ,.ck-h Tx . oo.
The New York herald., 1922-06-18
BAINBRIDGE COLBY TO
BUILD ON 57TH STREET
Plans TUeIue Story Structure
Near Fifth Avenue.

Balnbridge Colby. formerly Secretary
OF State. has retained Severance 4 Van
Allen, architects. TO improve the prop
erty, 81 and 80 West Fffty-seventh
street with a twelve story store and loft
building. 70 be ready for occupancy on
May 1. 1929 IL will be similar in de-
sign to the Gfdding Building. 724 Fifth
avenue. planned by the same architects,
and will consist of two stores on the
ground floor each with mezzanine. and
twenty-five lofts. which Will be arranged
especially for dealers In high class
women's wear.
The architects have just completed an
inspection Of buildings devoted 20 sim
liar purposes in London and Paris. II IS
generally recognized that Fifty-seventh
street. 10 the west. Is the natural COM
mercial continuation Of Fifth avenue.
and IL Is reported that there has been a
strong demand in that section for a
building Of this character.
The site is 5s feet 6 inches by 100 feet
inches and has a. ground value OF ap-
proximately 100000 \ loan for build
ing purposes has been made by the Met
ropolitan Life Insurance Company for
about that amount and demolition OF the
present buildings on the site has iDst
been started Craig Severance and
Frederick c. Tanner are associated with
Mir. Colby In the enterprise.
The New York herald., 1922-06-18
Small Investor Is Growing
Mortgage Market Factor

call money Is lower, mortgage money is
not bound to follow 1t downward. Even
time money is not analogous to mortgage
money. Time money Is put out for short
terms of 60 or go days. Mortgage mar
ket conditions are comparable TO situa-
tions in the bond business-both pri-
marily are investment. not speculative
markets.
Industry is improving and there Is
constant demand for money for it's pur-
poses. AS trade improves more money
will be needed for mercantile enterprises
and the plethora of money in banks will
be reduced. Meanwhile the old time in
vestors In mortgages. estates and indi-
viduals with fat bank accounts, are not
likely to return to their favorite invest
ments-the large real estate mortgage
not while the surtax is in operation and
they can get safe. tax exempt securities.
Furthermore they will not buy mort
gage securities yielding but II per cent.
although they are partial TO mortgages.
The savings banks are not having diff
ficulty in obtaining applications for loans
and call the market generally one of 6
per cent. although here and there. they
say. breaks TO 51s per cent. have been
discovered. Owners. the banks believe.
are holding off in expectancy OF a lower
interest rate. of which the institutions
see a distant prospect, being reached by
slow stages.
The following table, prepared by the
Record and Guide, shows the number.
amounts and rates of recorded mort
cages. placed on Manhattan. Bronx and
Brooklyn properties in the last week and
this year 10 date and in the correspond
ing periods of 1921:
The New York herald., 1922-06-18

As estates and large individual in
gage market, because Of the operation of
the surtax. and placed their funds In
tax exempt securities. of which there
are plenty, a new class of smaller in
vestors has appeared 1t includes those
not much, II at all, affected by the sur
tax and able to invest $4,000 to $4,000
in mortgages. Upon that class the lend
ing market Is dependent to-day. The
small investor. convinced OF the secur-
ity Of good mortgages is supplying most
Of the money that Is financing local
structural operations.
The question of rates alone Is keeping
the big lender-he who is prepared to
put large sums into realty loan-out
of the market and his elusiveness is due
to the surtax, the mortgage experts de-
clare. There is. they say. plenty of
money available and much mortgage
money around. but the rate holds to 6
per cent in spite of predictions Of last
fall that the rate would fall to 5 per
cent ere now. Those authorities do not
look for any revolutionary change In
the fundamental factors of the market
to make for sudden lowering of
charges for mortgage money, although
they admit that gradually the rate is
dropping.
Money for commercial enterprises
seems to be like the widows cruse OF
oil. Commercial money and mortgage
money are two widely separated entities
and no one can reason from the action OF
one what the other will do. Because
The New York herald., 1922-06-18
Telephone Building Is Out
of Great Unwashed Class
By THE ODD PARAGRApHER.

Some eight or ten years ago the
American Telephone and Telegraph
Company erected handsome twenty
six story. limestone front office build
ing at the northwest corner of Broad
way and Dey street. 1t is still COM
paratively new building. as skyscrapers
20. but the smoke and dirt Of busy
lower Manhattan stained the white
limestone TO dirty gray and made the
structure look much older. Recently
the company completed twin struc-
ture on the upper half OF the Broadway
frontage. The resplendent limestone OF
the new building shamed the older one
and compelled the company to wash
tho buildings face.
Washing the face OF a twenty-six
story corner office building is tedious
and costly undertaking. but tho result
in the case of the American Ttrphone
and Telegraph rcs,pany seems to have
tus.s..r..ed the effort and expense. The
two buildings now present sopj front.
and, from distance. give tAe appear
ance of one huge. handse-ne improve
ment.
The New York herald., 1922-06-18
e5NiPPoN co1ns4vJ

Tess or erecting monuments OF steel,
concrete and granite dedicated to the
god of business and trade.
The honor thus conferred on the
United States was actually unsought.
For many months the Japanese were
in this country canvassing the field and
finally decided on a prominent New
York firm OF builders as being best quail
fled to organize the business of putting
up American business buildings in Toxic
and other big cities In Japan. The con-
Germ selected was the George A. Fuller
Company.
II the Japanese had entered the offices
Of the Fuller Company merely to award
a contract or so for the construction
OF modern Office and business buildings
in Toxic it Is likely that they might still
be looking for some one to accept those
contracts as 1t has been more or less
well defined policy of the company to
certer it's attentions on building opera
tons in this country rather than In
foreign lands.
But the Japanese came to the COM
pany seeking help instead Of bearing
eifts in the form of contracts. Their
commissioners made plain at the outset
that they wanted the American builders
TO go to Japan and teach the Japanese
tho best and most modern methods Of
building in order that Japan might start
or her campaign Of undermining her
ereat cities at the present point OF eff
cheney and perfection reached by the
American builders. They signified their
cesire that the Americans should go to
Tckio not merely as builders but as
teachers to train and educate the Jap
anese architects and engineers In the
school of modern American construc-
ton methods
This modern Macedonian call. accord