davidaulloa/AmericanStories huggingface dataset:
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-01-26
Constant Guard
for Y0ungst0wn's
Reform Mayor

Youngstown. Ohio, Jan. 2?,-An
armed guard is staying close to May
or George L. Oles. day and night. as,
a result of threatening letters receiv-
ed by the mayor. it was learned to-
day. Reports are current that
threats have been made by members
of the lawless element to bump off,
Oles because Of his activity in at
tempting to clean up the city.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-01-26
Charge Fur
Dealer. With
Big Tax Fraud

New York, Jan. 25-Melville G.
Newark, actuary of the American
Fur Dealers Association Of New
York, was arrested by agents of the
department of justice tonight on a
complaint charging him with being
implicated in conspiracy to defraud
the federal government out of fur
sales taxes said to approximate
$, 900 900.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-01-26
Nab Two Wanted
for Theft $1,5OO,OW
Cancelled Libertys

NV York. Jan. 25--I'ost ofhce IN
.p.rturs today arrested two more
1.n IN connection with theft from
tNe mails last July % $1,5Oo.oo0 IN
UHu'cd liberty bonds.
owe ot tho pair, who gave ms
.imr as Henry Morris, was described
1 Tho inspectors as the brains OF
'.c alleged conspiracy To refioat the
.'0ccllcd bonds. The other, Richard
Upr'. was described as broker. Nor
rs - declared to have served one
''rm m the Atlantic prison for using
'h' mails 10 defraud.
InIr Other persons. including Mrs.
N.e A'tcll, divorced wife OF the pu-
gIr' have been arrested In connec-
'.U WIN tho theft.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-01-26
MAYOR TO VIEW
SEA TOGS OF
FLORIDA SIRENS

st. Petersburg. Fla. Jan. 25.-Mayor
Frank Pulver today had a request
from the st. Petersburg Purity
League that he appoint a bathing
suit inspector, a formal communica-
ton from the rganzation stating
that the league intends to protect
the married men from the wiles of
the sea vamp.''
The mayor said he would PERSONAL
ly visit the beach and look 'em over.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-01-26
Nine of Steamer
Mods Crew Missing

New York, Jan. 25-Agents OF the
Norwegian steamer Mod, which sank
in mid ocean last week while on her
maiden voyage, today were advised
that Captain A. Waarli and eight Of
his men were missing. 1t previously
had been reported that they had been
picked up by the George Washing
ton.
The rest Of the crew were rescued
by the Melmore Head. That steamer
is now making for a Nova Scotian
port
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-01-26
HO0ch Mash Clogs
Sewers Butte, Mont.

Butte. Mont. Jan. 25-City sewers
of Butte's east side are blocked by
large deposits of moonshine mash,
including prune seeds, rice, barley,
raisins, corn and cherry pits. city en-
gineers Henry J. Wiegenstein said to-
day. =
Home brewers, the engineer con-
Guided, are using sewers for garbage
cans to avoid possible detection of
their illegal traffic. Six lines of hose
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-01-26
100000 Pounds for
Housing in Ireland

Dublin, Jan. 25-(By A. P)--Wil-
liam T. Cosgrave. acting Lord Mayor
Of Dublin and Minister of local gov
eminent in the Irish provisional gov
eminent. annoupced at meeting of
the Dublin corporation. this eve
ming that the provisional government
had agreed to expend E1.000,00O on
housing in Ireland within the year.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-01-26
Says Surplus Will
Send Milk Down

Buffalo, n. Y, Jan. 25-Lower
prices for milk throughout the
country due to a great surplus was
forecast by w. r. Schillng of North
field. Mimi. al a meeting Of milk
producers here last night.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-01-26
DU POINT POWDER
GETS BIG ORDER
FROM ARGENTINA

Wilmington, Del, Jan. 25-The Du
Pont Powder Company today author
lied announcement that it had re-
ceived a contract from the Argen-
tina government for a million
pounds of military smokeless powder.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-01-26
THE WEATHER
FAIR

New England and East New York:
Fair Thursday and probably Friday;
slowly rising temperature.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-01-26
Boston Forecast

Boston Forecast
Forecast for Boston and vicinity:
Fair Thursday and Friday: slowly
rising temperature; moderate north
to east winds.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-01-26
fKil.Ai: warmer

Two ant1ss await you whom you 70.
csivs the Journal IN the mornings me
Arst iseo read the classifsa "A. pasp.
The second II to telephone your Al %
that others may read Il.
The New York herald., 1922-06-07

~-Ig2o - CLOSING. Div.
High. 1 LOW. Bid. Ask. linx.
The New York herald., 1922-06-07
Mining shares Attacked.

Certain mining stocks were assaulted
yesterday and many of them sold down
very sharply. Kennecott Copper and
Callahan Zinc were particularly active
on the selling side because. of individual
developments. The Kennecott directors
were scheduled to meet yesterday and a
dividend was expected. The meeting
was postponed until Tuesday and the
stock broke as a result of selling by
disappointed spectators. 1t was ex-
planned In quarters identified with the
management that the Kennecott policy
was to wait until after the Utah meet
ing, scheduled for Thursday. before
Folding it's own meeting. The Utah is
expected to declare a SO cent dividend.
in certain quarters 1t is believed that the
Kennecott dividends will be inaugurated
at the annual rate Of 81 In next weeks
meeting. In the case of Callahan, SELL
ing was the result of announcement
of a stock increase. The announcement
failed to give the subscription rights
on the new stock. but officials declare
that substantial rights will accrue to
stockholders.
The New York herald., 1922-06-07
TOPICS OF WALL STREET.
"A Day OF IrreguIarity.

The stock market was generally weak
yesterday morning. but before the close
there was real strength in particular
spots such as Phillips Petroleum. which
made a new high at 50 on belated recog-
milton of the splendid earnings state
ment published on Monday. Freeport
Texas held firm throughout the session.
gaining Y point to 2Sls just before the
close. Case plow. which has been much
neglected for many months, jumped into
activity and ran up to 91a. a figure
which It has not approximated in
long time. Pool activities in Certainteed
resulted In a shap advance to 81 In that
stock and Clover Leaf preferred on
heavy buying jumped more than
points to 50A. New York Dock stocks
were in heavy demand. the common
stook getting up more than points and
the preferred stock moving 4. Lake Erie
and Western common and preferred
shares also gained S and points respec-
lively.
The New York herald., 1922-06-07
FAR EAST.
SOUTH AMERICA.
CANADA.

New York funds In Montreal. ss47 pre-
MUM $1,000; Montreal funds In New York.
1894 discount a 81 900.
The New York herald., 1922-06-07
REFINED SUGAR PRICES UP.
Leading Factors Advance Quotn-
tions to $50 Cents.

In common with the generally harden
ing tendency of the raw sugar market
leading local refiners advanced yester-
day their prices 10 points for hard
grades of refined sugar to $50 cents a
pound, less 2 per cent. for cash. The
Federal refinery, which was quoting $50
cents. advanced to $40.
IL Ia understood that most refIners are
oversold and cannot make prompt ship
ments of orders. The National refinery
is about week delayed, and the War
ncr refinery is quoting for shipment af-
ter June 26. The raw sugar market was
strong. local interests paying 436 cents
a pound for Porto Rican sugar. equiva-
lent TO 2N cents a pound. cost and
freight, for Cubas.
The New York herald., 1922-06-07
The Tobacco Merger.

The consolidation Of the United Re-
tail Stores and the Tobacco Products
Corporation, announced week ago, IS
certain of consummation, according to
Officials of the two companies Be-
cause Of that feeling of certainty. cer-
tain traders have seized the opportunity
TO do a bit of arbitraging between Re-
tail Stores shares on the big board and
new Tobacco Products stock in the
curb. Interests identified with the two
concerns declare that there Is no dan
ger of an upset from legal quarters be-
cause, they declare. the plans conform
entirely to the various laws governing
mergers. Enough stockholders have
pledged their approval of the plan to
make 1t effective. 1t is declared.
The New York herald., 1922-06-07
southern Pacific. Rehear,nx.

The granting OF the Southern Pacifics
request for permission to file In sixty
days a petition for a rehearing In the
suit for dissolution of the roads stock
control of the Central Pacific Is taken
ty those who have studied the United
States Supreme Courts decision to mean
that the Southern Pacific will make a
complete presentation of its case. The
nature of its arguments has not been
announced, but II Is probable that sew
craI new conditions. which have come
into being since the Institution OF the
case in 1914, will be brought forward as
reasons why the control OF the Central
Pacific should continue with the South
ern Pacific, which means that the final
decision in the case cannot be made
before the next term OF the Supreme
Court, beginning October 2.
The New York herald., 1922-06-07
Steel Tonnage Figures.

The untitled orders on the books, OF
the United States Steel Corporation on
May 81. which will be announced on Sat-
urday, are believed to have been approx
imately 10000 toms in excess Of those
of the preceding month. Its shipments
in May are believed to have been about
], 10000 tons. new business aggregating
around 100000 tons. II those figures
are correct, it will mean a total gain
in untitled orders since February % of
100000 tons. larger advance than in
s.ny three months period in several
years.
The New York herald., 1922-06-07
Easier Money.

The rate for call loans In the New
York Stock exchange declined yesterday
to 3I5 per cent. after having opened and
renewed at 4. Money brokers reported
an abundance of money to lend at the
closing rate. Trading In time money was
quiet, accommodations for thirty days
being arranged at to Az and for sixty
to ninety days at AZ to Az per cent. On
Thursday the Government will withdraw
ss,o00.O0o from banks In this reserve
district
The New York herald., 1922-06-07
NEW YORK STOCK EXCHANGE QUOTATIONS.
TUESDAY. .JuNEe
TUESDAY. JUNE 6. 1922.

Year 10 date. l22.O11. as
The New York herald., 1922-06-07
Van swerinsen Rail. Advance.

Trading in railroad stocks was fea-
tured yesterday by sharp upturn in
the Lake Erie and Westerns and the
Toledo, st. Louis and Westerns stocks,
based on the likelihood that their traffic
would be increased largely under the
management Of the Van Sweringens and
that their new control would find 1t ad-
vantageous to pay liberal dividends as
soon as earnings should permit. The
Clover Leaf earned in 1921 more than
81 share on its common stock after
allowing for dividends on its preferred
stock. Allowing for the seasonal va
Ration of traffic, It's earnings for the
first four months Of 1922 were at
the annual rate of SIT on Its common
stock. The market action of the COM
mon stock indicates the, expectation OF
larger dividends on it than on the pre-
ferred stock. Although the Lake Erie
and Western failed to earn it's fixed
charges last year. It's net earnings in
the first third of the current year were
1929, ,71S, contrasted with net operating
deficit Of S322,527 in the corresponding
period OF last year. On a weighted
basis that would be approximately 81
annually on its preferred stock. 1t Is
fair to assume, however, that the new
management will get more traffic for
the road than the New York Central
allowed it. following the precedent Of the
Nickel Plate, the first steam carrier to
pass under control Of the Cleveland in
terests.
The New York herald., 1922-06-07
Higher OIL Price. Expected.

The advance in Pennsylvania crude
announced on Monday Is expected to
have stimulating effect on all refined
products. according to the National
Petroleum Netos's weekly review Of the
situation. Already gasoline buying has
improved and fuel oil Is expected to be
the next to feel the heavier demand.
Eastern refiners. the review asserts.
probably will add the crude oil increase
directly on their quotations and in other
refineries the Pennsylvania increase Is
expected to have a psychological effect.
The New York herald., 1922-06-07

Open High Low Clos c..n. Ns
New-York tribune., 1922-12-23
Neat PROFIT for Broker

oueulon-The writer. being a subscriber
OF your paper wishes your advice regard.
ing I. r. Steel Company Inc. 7 per cent
preferred stock. selling a. floo share.
Broker II recommending that I purchase
this stock NJ onee.-R. u.
Answer-ulmless you have confused
your facts, the broker In question is
making q neat profit IL he Is selling
any L. r. Steel preferred at 500 q
share. II Is our understanding that the
shares Of L. r. Steel concerns are mar
keted directly by one Of the subsid.
iaries, tho Steel Service Corporation,
and that no stock was ever placed AZ
the disposal OF outside brokers. II
this is correct, any stock offered 10 you
By an outside broker must have been
purchased from disappointed holders
who bought from Steel salesmen. Such
stock was recently quoted BY dealers
specializing IN unlisted securities here
az S26 bid. offered at t29. Il would be
fair to assume, therefore, that the cost
Of the stock offered % you AZ 500 a
share was somewhat less than $50 .
share. We do not recommend the stock
for purchase az any price, but We should
certainly advise against paying a broker
500 a share for IL when Il can be
bought In the open market az . dis
count Of more than 90 per cent.
New-York tribune., 1922-12-23
Yalue Onlr % Keepsakes

Question--Am siiii reading the invest
ment column. A death OF a friend leaves
In 4 secret space svidencs that oil esrtin.
Gates were bought ard sold N 1875. would
you please state n these certinchtes might
have. By any chance, any vaius; The Nssia
Petroleum and Refining Company, 100
shares (AuEust. 1880. the Minerva Pc.
trolsum Company. SIS shares July. 1850
Empire city Petroleum. 40 shares (Janu-
ary. isssD.-E. W. W.
Answer - The stocks you mention
have no value except that which may
attach TO them as mementoes or re-
minders that half century hence
many Of the stocks now widely offered
10 eredulous individuals or peddled
from door 20 door will probably be
listed In some future volume Of "obso-
lete Securities" or similar book, with
the notation: "Stoek worthless" or
aNo value found" II would be inter.
esting in this case 20 learn what the
capital placed IN these stocks In 1855
would amount to now had u been In
vested instead In a savings bank OF In
high-grade securities. One hundred
dollars invested AZ Q por cent and com
pounded senni-annually would amount
In fifty years TO ti,92l.ss.
New-York tribune., 1922-12-23
didn't Buy Manhattan PiTTIy wlrrIy

Question: should like 10 take sdyas-
taes Of your advice N hnancial matters
a. 70 RECOMMENDATION Of certain stock and
~. 'hs opsorisn,1 5s "' d 1SS sS%SiIsa,Ihs ysS
upon your advice with References 70 the
recent failure Of the henhattan PisgiI
Wlggly Company. one OF the aalfsmsn
from the Elliott Company visited ne 70.
hls stock. 4 rev years sso ! lived y the
Routh and. knowing thf success % thg
stores there. I was under the impreesion
that this stock vas perfectly coed, and
M sdvisins your readers not 70 Invest IN
thIa I hAye a small amount of cash that
I would like 20 invest IN stock when
would ave ne more OF a return than the
savings bank Some time aao pufcnassa
ana Il has already paid Its dividend Of
! per cent. I was thinking 0f pvrchaslne
sonas Additional shares Of this stock. bot
IN view Of ths fact that this stoc. hNays
had Rsid iis dividend note on ths "a mrfi :
am wondsrlaG whether Il would BE- good
lnvestutent I want % invest IN sock
upon which I could borrow from the BANK
at anY iims. and I would apprsoiats yoar
Do YOU think the common Il a better IN
ysstmsnt than the pfefsffsdf-- o. A.
Answer--Famous Players preferred
Is not a hiRh-grsde investment In our
opinion, although IL Is suitable for an
individual In a position 70 keep ~
touch with the affairs OF the company
and watch market conditions In gen
eral IL is superior from an invest
ment viewpoint, We believe, 10 the com
mon. National Lead preferred or In.
dieott-Johnaon preferred would be moro
suitable, In our opinion.
New-York tribune., 1922-12-23
Has Splendid List

ouss,ion--Kindiy let me have your opin-
ion a. 20 my holdings and n you suggest
any changes. The following bonds ar.
ali in 81 900 denominations; Dominion ot
Canada b. 1881 United Kingdom Of
Great Britain tSs 1891; American Tsls-
phone and Telesraph Sc. isfe Brookyn
Edison 5A isi9; Canadian Northern sbs'
let6i Canadian Northern 10, 1870: chieas9
Union station thG 1859. Illinois Central
SBs 1891; Montana Power So fst3: New
York Central sS 1916 New. York Eeison
6hs isti New York Telephone IS, 1891
Philadelphia Company S. 1896 southern
Pacific convertible q. 1879: Unltsd states
steel Sc. 1864. yifginian Railway ss 1852
what would you suggest for an adj
tional t4.ooof--A. H.
Answer-You have = splendid group
Of investments, which need not be
changed In any particular. For your
$4,000 Of new capital we suggest Beth
iehem Steel So, 1ed2. yielding about 5.A
per cent; Nlagsra Falls Power 6s, 1882,
yielding about 81 per. cent? Oregon.
Washington Railroad a Navigation 4s,
1861, yielding about per cent, and
Queensland 6s, iat7.
New-York tribune., 1922-12-23
wh,, Iov.prIeed Rails Suggest

Il was stated IN Stock Exchange
brokerage circles yesterday that men
Of affairs arc discussing tho possi-
bility Of control over large rail mileage
for little money Investment In the low
prleed shares. Commenting on this re-
ported trend Clark, Childs & Co. saidi
kThere was an instance the other day
when tho International-Great Northern
passed 70 the Frisco. something OK
the same sort may be going on IN
Southern Railway, control Of which
could be had for comparatively l, small
sum II Is understood a large bloek
Of southern has been liquidated tor 70,
London account In the last two weeks, So
hut that with tho comple pletion OF these
sales the market has hardened IN a
suggestivo way"
New-York tribune., 1922-12-23
Profit Taking
Fails to Halt
Rise in Stocks
Saort Covering Aids the
Upward Movement; Rails,
Lagging at First, Grad
ually Drawn Into Advance

epseulstion for the advance fostered
A number Of stocks yesterday and
shors covering In others formed the
basIs Of special movements that gave
% the pre-christmas market dis-
tlnctly strong appearance. Realizing
Gales limited the scope Of the upswing
IN tho afternoon, but offerings were
absorbed fairly readily and tho rise was
Under way again At the finish. The ex-
sent Of the advance as measured BY
the Trlbune's average price Of hity
stockr was six-tenths Of = point, but
this hardly visuAlized tho gains Of two
or more points in such speculative
favorltes as Baldwin, Consolidated Gas
and stpdebaker.
he sweep Of prices 10 higher levels
received rs impetus largely from news
Affecting individual companies. Divi-
Send news was especially influential
ln the movement. as we're trade reports.
Ths railroads during most Of the ses-
sion isgged behind the Industrial
group, but as the session proceeded
they we're drawn into the advance and
several OF the standard carriers stocks
nefted gains that closely approached
point transactions were on some
what less liberal scale than on Thurs
dag and there was no evidence to i'm
peir the impression that trading was
stiil dominsted by tho professional
element.
Interest IN bond dealings was con-
slderably less than IN the speculative
division and changes in quotations
were light. The general tone was
arm. Call money. after opening At AZ
per cent. was marked up 70 per cent
In the last hour.
Outside Of the Stock Exchange the
most impressive performance was
given by wheat Reports were re-
csfyed at the outset Of increased ex-
port business and the resultant buying
carried the May delivery to a new top
for the season. Proht-tAking opera
tons, however, brought a reaction and
activity tapered as the close ap-
preached. Final quotations were z to
~ cent net lower. The action Of cot
ton prices was more consistent. There
was little fresh buying, but favorable
sdviees regarding the goods and spot
situations brought advances Of ie 10 80
points for the day.
Movements In the foreign exchange
market were slight and activity was
eurbed BY the pre-holiday spirit. more
effective abroad than here. Sterling
closed without net change and varis-
tions elsewhere we're trifing.
New-York tribune., 1922-12-23
In Wall Street
Exchanges Closed To-day

Members Of the security exchanges
In tho financial district, the Cotton Ex-
change and the Coffee and Sugar E1-
change bogun celebrating the Christ
ma, holiday after the close Of those
markets yesterday, as BY the prev ous
vote OF their governing. bodies tnfy
viii not open to-day and Will remain
closed until next Tuesday morning.
The security exchanges that voted ioI
the thrce-day holiday include tne NeT
York stock Exchange, the Consoneate,a
Stock Exchange and the New IoLN
Curb Exchange. The banks howeVsr'
will be open for busincs, ns gspai to-
day. but will observe the ChristtnlA
holiday on Monday By closing the'f
dQorF
New-York tribune., 1922-12-23
State and Municipal borrowing

Announcement is expected shortly OF
,ho caIl for bids on several important
ajo.es of state and municipal finan-
cine Iowa, Illinois and Kansas are
schsdulea 10 come into the market 20
Asise funds for soldier bonus pay
ments. while Chicago and Detroit ar, are
contemplating the sale OF issues. s,n
GOO GOO or sis .OOO, 900. Disposal Of Iowa
bords has been delayed By the insist
ence Of the state authofities on mas
inc the issue payable only In Iowa and
By their refusal 70 have the eonstitu'
tionality OF the law tested in court
New-York tribune., 1922-12-23
New Berlin Budget ShOw
Deficit of 72l BilliOl
Offset Of Only 100000 100000
Marks Expected From Com
nnlsnrv Lnan i'm l923

BERLIN. Dec. 22.-The Fsdsn
Council yesterday adopted the pf,
visIonal budget for the Reich Tor isa
The ordinary budget balances AZ n
billion marks. The estimated reeeips
include 270 billions as tne rese1A ,'
from the income tar and 50 billions >
the revenue from exports.
The extraordinary budget shows = =
estimated expenditure Of s4,5o0 900 o1
marks, with revenue Of is,Ioe .eoeg" ei.
marks. This leaves deheit o. 49,, y.
600 900, 20 which must Be adaea l''
general administration purposes 20. q,
900 900, 900 FOR the execution ,sI 3, - y.
peace treaty and 2Oe,D'0VVp'V ~
various other items. -. -.
The total deficit FOR 1921 hefetei,
"a 72t 600 900 900 Of marks, % oF'g
which only $4,000, 100000 are espsse'.s, :,
20 be available from the pf's'''' =
the compulsory loan.
New-York tribune., 1922-12-23
To Discontinue Odd Lots on Margin

A. A. Housman & Co., one OF the
larger commission firms In the street
has decided that II is no longer adysn-
tsgeous FOR them to handle orders IN
odd lots where the securities are car
ried on margin. They have sent out a
notice 10 their clients advising them OF
their decision. After to-day orders IN
units Of less than 100 shares VIII be
eTeeuted only for customers desirous
~ undoing their present market posi-,
tion as OF this date. IL is explained
tbat the change in policy Is due TO tho
added work on the clerical stan, which
n said 10 be out Of proportion to the
returns.
New-York tribune., 1922-12-23
A Thnnr-

Now that Judgs Gary has disposed o. Q,
,be rumors OF either a special or stock
dividend By the United States steer
Cornoration the suggestion was mado
Yesterday that the management may ,.
dispose Of a part Of It's large surplus
by retiring portion OF It's bonds BONDS
through use OF government seeur'tles
in lis treasury. II was pointed og'
that the eompany's position Is mueh
Ike that the Texas company was cor con-
fronted with when II employed S2S,oOV,-
600 81 cash in the call Of all its bonds
@Tbis seems a plain case Of non.taxaole
utilization Of surplus, II United state;
Steel shall desire TO do H." remarked
one member Of an important commits
sion house firm.