davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1922-03-22
To Cut Stock Rate.

The board of directors Of the Inter
national Finance Corporation has
called a special meeting Of the stock
holders, to be held on April IL 10
pass upon a resolution reducing the
8 per cent requirement on the next
issue of preferred stock.
The corporation was organized al
q time when money rates were eX
tremely high, hence it's first issue OF
preferred stock carried a requirement
OF 9 per cent. With the exception OF
about $50, 900. the first issue Of per
cent has been subscribed, and 1t Is
now planned to reduce the next issue
10 8 per cent.
This move on the part OF the cor
poration is in keeping with the pres
ent trend toward lower money rates
and it is the sense of the board that
the per cent issue be limited IN
order that other issues may be placed
at even lower rates. Present stock
holders of the International Will be
given the opportunity to subscribe to
the few remaining shares OF pei
cent stock, and subscriptions VIII be
accepted in order of their receipt.
1t is pointed out that by reducing
the interest paid on the next issue
present preferred stockholders VIII
be much benefited, as this saving
will tend to improve the earning
power of the, common STOCK they hoid
The Washington times., 1922-03-22
Grain Opening.

e IL l G a G o, March %. - " neat
opened steady; corn firm and oats
steady. Trade during the early min
utes was slow with the majority in
a waiting mood. The decline Of IA
pence at Liverpool influenced q lit.
tie selling, although the break there
was not as much as generally expect.
ed. Weather conditions over the
winter wheat belt are favorable and
further optimistic reports came in
on the condition of the crop. Esti-
mated receipts were for a light run
of cars.
Provisions were slow in starting.
Hogs at the yards ruled slow and
5 and 10 cents lower.
The Washington times., 1922-03-22
Washington Provisions.

Eggs-Strictly fresh, selected, per doL,
20: average receipts. 20: southern, -.
live poultry-Roosters, per 10, IL
turkeys per ID. So 90: chickens. spring
per h., S@t2. keats. young, each QUO
90, fowls. 81.
Dressed poultry--Fresh- killed spring
chickens, per ID, t044j; hens per ID
2SD2S. roosters. per ID. 30 turkeys
pre- h. S5Q45: keats, young. each, 90.
Pork--Dressed small per ID, 10,
heavy, SOIL.
Livestock-Calves. choice. per 10, IL,
lambs, choice, per ID, 1905 live hogs
per ID, 1Ok.
Green fruits-Apples. per Dbl. 500 q
ll.50: per bu basket, 200 d3.2o; Western
per box, 2.75q4.5O. California lemons
per box, 4.0O44.60. California oranges
per crate, 6.OO@7.0o. Grapefruit, $40 q
800 Florida oranges, 6.0048.00. Tan
serines, 4.0045.50.
Observation-Disclosures. No |, per Dbl.
3.259350; per sack, $500 $50. sweet
potatoes per Dbl, 2.606 400. Lettuce
southern, per crate, 2.o0Q+.00. Romains
lettuce, l.2642.00. Cymblings per crate
S.0O05.0O. onions, 1O0-lb. sack. 500 a
So" cabbage, new, pre- cwt., 2.Ooq 800
Cucumbers, 500 500. Elephants, pei
crate, 4O0@b.0O Tomatoes, per box
Florida 2.60@4.00. Beans, per basket
100000. Sprouts, per at. 25Q30
Peppers, per crate. S5oVToo Ksle. La
q
The Washington times., 1922-03-22

BONDS MAKE
SHARP ADVANCE
Recent Rise in Stocks lnflu-
ences Activity in Such Bonds,
Causing Rise in Price.
By MUNROE ROBERTS.
Copyright. 1872. by Cosmopolitan
News Service)


News Service)
NEW YORK. March 1.-THE
better outlook for stocks and stock
prices has influenced activity In a
number of bonds having convertible
features. and the extraordinary ad'
vances made by some Of these bonds
may be attributed to the prospect OF
exchanging their for stock on an
attractive basis.
Some of the most prominent OF
the convertible issues are the Amer
lean Telephone and Telegraph Az s
OF 1888. which have gained oven
twenty points from the low OF 1921;
American Telephone and Telegraph
SIS Of 1925. up 90 TO us; Atchison
General 4I2's of 1860. which at 9SA
have added over 10 points; Chile
Copper 6's OF 1882. up 20 points to
SEA; Baltimore and Ohio COW. IA s
of 1898, up 1879 to 1874; Cuba Cane
Sugar rs OF 1880. up "a TO 80
Mexican Petroleum SIS OF 1886, ur
10 to 1885 Southern Pacific SIS OF
1894, up ii to 96s.; United Drus
SIS of l94l. up sig to 1861; st
Paul b's of 20l4, up 6 10 65B
Delaware and Hudson SIS OF 1885
lup Is To 80; Portland r. !. and r
o's of 1912. up 80 to s.
In the majority of cases the bond
referred to are convertible into com
mon stock. par for par, sometimes OF
payment of a slight additional charg
and sometimes without extra fee. Al
investor in a convertible bond OF
company, the stock OF which give
| indications Of reaching higher levels
has the advantage of receiving IN
! interest on the investment while walt
! ing developments in the stock list.
| An echo of the satisfactory prog
| ress of the reorganization plans %
the Missouri Pacific road is seen II
| the purchase today of S1S,0O0,OO
| first and refunding mortgage pc
| cent gold bonds, series ID, due Feil
| ruary /. 1919. by Kuhn, Loeb & Kuhn
These are TO be issued TO provid
! funds to retire S1S,641 900 bond
which mature on January !. 1928
and to reimburse the company 70
| other capital expended. The bond
| will be offered at 9S& at which rat
| they yield 6.6l to maturity. The en-
| tire series il redeemable at the optio'
OF the company as whole only IA
! 1919 and interest. upon 80 days
| notice. The bonds are secured by !
prior lien OF all the property OF III
company. including 6.694 miles
roadway.
| In connection with its issue o
SIS. 900. 600 notes maturing April ]
| the Erie Railroad Company has ar
| ranged TO sell 5000, GOO Of : pc
| cent bonds. the proceeds TO he use'
| TO retire $5.000.n00 of the notes dn'
! the remaining $lD,O0O.O0O will 10
| held by the War Finance Corpora
! ton. Arrangements also have beer
made for the extension OF the sl,lOO.
| GNU leased line bonds due May !
| Aside from this the Erie has no ma
turtles until 1928. when s4.6l'.OO
! Of New York and Erie third mort
! cage bonds fall due.
Three new municipal issues ar
| offered in the market today: City o
Lansing. Mich, 100000 series ~
! and per cents: $4,000 City o
| Nashville. Tenn. serial ; and 8 pc
| cents: 81 ,005, 900 City of Seattle. sc
! rial per cents.
The Washington times., 1922-03-22
MARKET
IRREGULAR AND.
SHOWS DECLINE
Industrial, Sugar, and Other
Stocks Fall Off From One
to Three Points.
By w. 8. COUSINS.
Copyright. 1922. by Cosm opolitsn
News Serylcel

News Servlce.l
NEW YORK, March 22.-The
stock market was unsettled during
the most of the morning session and
declines / to 3 points took place In
Industrial stocks as well as In the
sugars and the specialties.
The railroad shares, with the ex'
ception Of New Haven were irregu.
lar due to the feeling of uncertainty
with respect TO the Northern Pa
cific dividend. That stock reflected
this uncertainty to some extent, sell
ing off to rs for a loss of rs, but
rallying to TN. Lake Ontario and
Western was also conspicuous
among the low priced rails, moving
up to 24la, for a gain Of over
points from yesterdays low.
New Haven crossed 20 today fol-
the first time this year and sold al
oG1a, new high level. The Febru-
sry statement reveals a further
pruning down of operating expenses
and a decrease in the monthly def
icit.
After a firm opening, featured by
q slight gain in the early trading
l.. S. Steel was under pressure and
within half an hour the price was
down to 94ss, as compared with last
nights closing of 941s and yester
days high of S5ss.
Lima Locomotive al 1887 and
Pullman at 123s, both at new high
prices, moved in an opposite direc
ton from the general trend of the
market in the first hours, each
working new high points for the
movement.
Union Bag and Paper declined
from its recent high point of II, e
1872 on publication Of It's annua.
statement showing deficit of 81,
SSS.263 as compared with a profit
of S2,39a.030, in 1920.
In 1920 a stock dividend was de
clared.
By noon a general rally had set in
characterized chiefly by strength il
oils, industrials and rail stocks
Mexican Petroleum was bought II
good volume on reports Of more sta
bility in Mexico, together with tn,
usual market dope about new gush
ers in that territory. 1t rose Z,
1855, up points from yesterday
low. Pan.American trailed a,onl
and also made a slight gain.
International Motor Truck ad
vanced over one point to 351a. Con
spicuous weakness was exhibited b,
the sugar stocks, American Sugar
Refining selling over three points
down to 70h.
Call money was slightly easier IL
the morning. opening and Remaining
at 4 per cent. Sales 10 noon wer,
400 900 shares.
The Washington times., 1922-03-22
LARGE PERCENTAGE OF
COTTON SPINDLES BUSY
Furnished by W. q. Hibbs q C.

There were 36,S79,953 cotton.
spinning spindles in place on Feb
ruary %, Of which 3s.797, 32s were
operated at some time during the
month, compared with 34,457, 500
for January, the Census Bureau
announced today.
The number of spindles in place in
February in cotton growing States
was placed at 16,066,51O, Of which
l5.673.77l were active during tina
month.
The Washington times., 1922-03-22
Personals.

Samuel j. Prescott, chairman OF
the board of directors of the Second
National Bank, returned Monday
from Miami, Fla. He will attend the
meeting of the directors Of his bank
today after an absence of more than
two months.
Writ Taylor, manager OF the Re
built Typewriter Company, has re-
signed as director of the Banking
Trust and Mortgage Company.
Edward j. McQuade, cashier OF the
Liberty National Bank, yesterday at
tended meeting III New York OF the
directors of the Mergenthaler Limo
type Company.
The Washington times., 1922-03-22
Leaves 500 to Synagogue.

Adas Israel Hebrew Congregation
Is to receive 500 under the will of
William Wolf, dated November IS,
1924. and filed FOR probate today.
Testator names lis wife. Mrs. Rachel
Wolf, as sole beneficiary. and desig.
mates his son. Morris Wolf, as execu-
tor of the estate.
The Washington times., 1922-03-22
American Telephone Z Telegraph Co.
ISeth Dividend

The regular quarterly dividend OF two
dollars and twenty-five cents per share
will be paid on Saturday, April Is, 1922,
to stockholders Of record at the close OF
business on Friday, March II, 1922.
ON account OF tho annual meeting OF
the stockh olders, the transfer beeks will
be closed at the close OF business on
Friday, March II. 1e22. and reopened al
Ios m. March p, 1893
h Bl.Nl
The Washington times., 1922-03-22
Extra Dividend Declared.

Directors of the Washington Me
chanics Savings Bank have declared
the regular quarterly dividend of .
per cent plus an extra disbursement
OF per cent, payable TO stockholders
of record March 81.
The Washington times., 1922-03-22

, stated that Mr.. Bouton's bid was
the highest received, but no an.
nouncement was made that any
others were rendered. The exact
| figures were not given.
The Washington times., 1922-03-22
PH B BUSINESS AND FINA NOE
Local Stocks.

BALES.
Capital Traction, 6@95, 10QS5.
Washington Railway and Electric
preferred, 10Q6sk. 1506sk.
Continental Trust Company, 100
80.
Lanston Monotype. 1850, 1850,
5000, 10000, $3.50.
AFTER CALL.
Capital Traction SIS, $600@S41a.
Washington Railway and Electric
preferred, 10Q6sh, 1899.
Potomac Electric GIN 6's. $1,000
@s9h, s1.000@s9h, $1,000Qs91z,
$1.000@ssh.
Omitted from record as Of yester.
day. March 81:
Potomac Electric GIN and Refund
ing rs, $1.000Q1061s.
Potomac Electric GIN SIS, 10000
ssh, S5.0009ssh, $5,O00Q9Sh.
Washington Railway and Electric
As, s1.00006S%. $1.000@6S%.
MONEY.
Call loans, s per cent and per
cent.
BONDS.
The Washington times., 1922-03-22
Ship Board Sells Mortgages.

Mortgages on the Dundalk hous-
ing properties near Baltimore hav-
ing a face value of s1.906,000 were
sold by the Shipping Board yester-
day for $1,350,000 to Edward r.
Bouton, Of Baltimore.
The board in disposing OF the
mortgages. which were given by
individuals purchasing the houses
and buildings constructed during
the war near the Sparrows Point
yard Of the Bethlehem Shipbuilding
Corporation, accepted substantially
wo-thirds of the face of the securi-
ties.
The sale of the mortgages was
made after advertisement. 1t was
The Washington times., 1922-03-22
ApprOye Bank isill.


day approved Congressman Mills.
paugh's bill providing that all State
chartered banks planning 10 do
business In the District of Column
bia be first investigated by the
Comptroller of Currency.
Under this measure Inc Comp
troller will have authority 10 in
Quire into the character and the
financial standing of officers of the
proposed bank and to make any
further investigation he deems nee
essary.
Congressman AIillspaugh, Of Mis-
souri,, chairman of the subcommit-
tee which has held hearings on the
bill, told the committee that. a crit
zeal situation existed in Washing
ton and that this measure would
clear it.
''The bill simply provides that the
Comptroller shall be given the
power to supervise proposed banks
which plan to operate under State
charter" Millspaugh said.
Under present laws any group of
persons can obtain a charter in
another State and open a bank in
Washington Immediately. The hanks
can only be examined after they
open.
The committee today approved
Congressman NfillspauRhs bill
which revises the chacte? of the
District Medical Society. 1t gives
the society power to own real ,es
tate and to disseminate medical
knowledge, but specifically pre-
vents the organization from open
ing a medical school or university
The Washington times., 1922-03-22
To Consider Farmer For
Federal Reserve Board
House Banking and Currency Committee to
Go Into Executive Session on Senate Bill.
BY HARRY GUSACK.

The House Banking and Currency Committee will go
into executive session early next week to consider the
Senate bill for placing farmer the Federal Reserve
Board, it stated today Indications that the
will be held up for time in the House Com
mittee.
The Washington times., 1922-03-22

II Is understood that amendments
will be recommended by the com
mittee striking out the provision
for the appointment of an additional
member to the board, but will leave
the way clear for the appointment
Of a representative of agricultural
interests when a new vacancy takes
place on the board.
The limitation upon amounts that
may be expended by Federal reserve
banks for buildings probably will be
stricken out by the House commit
tee, but a fight to restore it will
be made on the floor Of the House.
The Washington times., 1922-03-22

open. High. Low. Close
Money on call. IA -.
Stock sales up to
Ham. IL noon. Up. m. Up. m.
28s, 500 473,000 ........ .,......
Bond sales up to-
liam. IL noon. 1p. m. 90. m.
.. o21 900 8,896 900 ... ,..,....
The Washington times., 1922-03-22
Oil Stocks.

Furnished BY ". B Hobs CO.
Prices at noon.
The Washington times., 1922-03-22
Liberty Bonds.

rnished by w. B. hibbs q Co.
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1922-07-08

tho country, docs not prevail here IN
the South, know that the colored peo.
pie OF Virginia represent the best OF
their race in America and that they
have made great strides since 1866 in
eleyating themselves in countless
ways. If that Is true-and unquestion.
ably 1t is true-why should they not
be encouraged to tho extent of givins
their public credit for It? Why should
sharp cleavage Of race be stressed t.
the point Of denying them a reason
able and occasional amount Of space
III which to set out the accomplish
mcnts Of "the other side"
Whatever theorists and fanatics
may dream, the fact is that the
whites and colorcd people of America
and especially Of tho South must an.
will go on living in the same commun
tiles. Is it the duty Of the ruling race
OF the whites, to drive them down by
Encouragement, to attempt to force
them back into q sort of savageryr U
is 1t our duty to treat them as human
Deings-set apart and kept apart. 1f
courSc-and encourage them to make
the most of themselves and their CD.
portunities? We conceive it to be our
duty to encourage what is best II,
them, to help them lift themselves, to
give them aid and comfort in their CT.
fort to make themselves good citizens
and Of value. in their separate sphere
to the community, the state and tho
country. And we know no better way
to aid in this development than to pub
fish. as opportunity and occasion
arise. legitimate news Of that "other
side.' to which our correspondent re.
fers.
Therefore. beginning next Saturday
If 1t Is possible to make arrangements
by TINT time, the Lelger-Dls1atch
purposes devoting once or twice II
week certain amount Of space IN Its
columns in fixed place to news of
the "other side. " In this way we hope
to make n practical contribution to.
ward the best possible solution of a
problem which has demanded and
still demands the clearest thinking of
which our people are capable.
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1922-07-08
CHICAGO NOTES.

Miss Mary e. Branch, q graduate Of
the V. n. and /. l., Petersburg, Va,
and who has done special work at
both tho Columbia and PENNSYLVANIA
Universities wa graduated from tho
University fChicago with the degree
Hon. William II. Fields Of st. Louis
Mo-. National Grand Master Of A. L..
*. and d. OF A., in company with
Major j. A. Shackleford. Major-Gcncr
al OF the uniform department. stopped
in the city during the week onroule
to st. Louis from indianapolis, Ind,
to confer with local officials aloug
plans for the coming meeting Of the
National Grand Council at Columbus
Ohio.
Miss Mary =. Branch left the city n
few days ago for Petorsburglr, Va. u
instruct in the summer normal Of the
V. N. and I. l., Miss Branch received
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1922-07-08
SUMMER NORMAL AT PETERS,
BURG OPENS GREAT SESSION.

Petersburg, Va, Juno.--Tho Sum-
MGR School which opened last week Il:
Virginia Normal and Industrial In
stitute promises to be one Of tho most
successful sessions in the history OF
the Institution.
Nearly six hundred teachers and
students are now in attendance and eli
rolled in tho various departments OF
tho school.
The school is now operating on vi.
year-round basis and the summer
quarter is Of equal rank with all otne.
quarters Of the year. Each quarter IS
twelve weeks in length and represents
ono third Of q years work. Because OF
this plan, students are allowed to ei.
ter at the beginning Of each quarter
and glass Is graduated Mt the end Of
each quarter.
This enables the school to meet il,
an increasing way the educational
needs Of tho colorcd people Of tho
State. All Of the work Of the regular
High School is offered during the Sum
mer quarter. Other features Of thu
Summer School are the Smith-Hughcs
work in Home Economics. Special
Courses in Homo Craft and Stats
courses In Physical Education.
On Monday evening tho Summer
School was formally opened by an as.
sombly Of faculty and students in
Audience Hall. Doctor John NJ Candy
presided and in welcome address
talked to the teachers on How to get
the most out Of the Summer School"
a number Of the members OF the
faculty were then introduced and
made brief addresses to the students.
The regular faculty of the school
has been augmented by experts and
special teachers from ether institu.
lions and those in attendance will b,
come intimately acquainted with the
latest ideas. methods and movements
In education.
THIS increase in Summer Schoui e.,
rollment all over the country and the
increase in the number Of persons do
'nE professional and higher grade
work. give lis abundant reason to hope
for bigger and better things in our
effort to educate all Of the children II
NIL Of the people.
Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1922-07-08
Editor Lcdgcr-Dispatch.

Dear Sir-I have been Il constant
reader OF your valuable paper for
many years. The hour spent with it
ut tho close Of every day is spent witt,
more pleasure and profit than this
one. With growing years the most Of
US are beginning to learn how best "
use this essential hour and while
there Is no studied thought Of net re
turllS yet VIC are satisfied with the III
formation. pleasure and profit gatnc, .
"A little of the market reports. of
course something Of the sporting
world. noting with interest the Offer
ings Of the merchants not at all indif
fcrent to real estate Ads" and even
transfers" greatly concerned vita
plans and doings Of the city admiuis
tration influenced no little by the
straight aud wetl balanced editorials,
ETC.. etc. ,.. 49,,
l must confess that very little Of
the essential hour is given to reading
of petty crimes. The writer believes
in punishment OF crime and Just and
very little in its exploitation whether
by Motion Picture or Newspaper. The
wonder Is what purpose is
served by giving so much space
to thicvery aud the thief. to
bootlcgging and the bootlegger. If
Fox Lane" john is arrested for tot
ing a pisto" and Mary Jane, a dent
mon9aine Of some lnuc is caught Sci.
ing "hootci,." both will seek to read,
they can read the paper accoun,
and II this is highly colored there
win be no sense Of shame. hut a feel
ing Of notoriety gained. Why give
John and Mary anything else than the
Inc or term in Jail which they de-
serve? The newspaper account serves
no deterrent or corrective to John or
Mary rs the later police court re-
CORDS will show. Every day quite :.
considerable space Of your valuable
paper is given to crime and c1lored
criminals which I am quito sure serv-
eS very little purpose and no one
white or colored wishes to be a part
OF his essential hour.
number OF colored citizens are unit
ing In y request that less space be civ
Ell to Few Clothes" johnson, vino
mas served time in the penitentiary
and has been given many terms in
Jail, that this space ,or at least
\ portion Of it be given to
some Of the worthwhile doings
OF the colored people. We feel that
only the criminal side Of our life Is
@.Dlnyed up" This is perhaps, more
our fault in not seeking publicity of
tho other side. which possesses mucn
OF good and in which all classes of citi
IONS white and colored should take
pride.
TO illustrate that other side. III.
which We earnestly request publicity.
l hcg your attention to tire banking in
,tcrcSts Of our people to their Social