davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
INF LAT|ON TALK
IS HEARD AGAIN
IN STOCK MARKET
MiIlion-Share Days Mean Higher
Prices for Merchandise
and for Labor.
BY THOMAS c. sHOTwELL

NCODJIi5Hb, 1894 ny OHlltu It
NEW YORK, Sept. 12.--With mil
lion share days in Wall Street, people
are talking of initiation. That means
higher prices for merchandise and
for labor. 1t may be discovered by
the time the strikes are ended that
higher wages will have to be given
to get enough men to do the work of
growing industry.
The farmers are crying for lower
wages because they see themselves
poor in the presence of the large
crops with low farm prices. City
folks do not see any low prices for
farm products and therefore see no
harm in high wages.
The recent advance Of wages by
steel companies has not brought out
enough labor. 1t was not bit of
philanthrophy. 1t was bid tor more
men-more common labor
But why should an active stock
market mean initiation? Because the
higher you mark prices the more
money IS loaned by the banks on
stocks as collateral and bank loans
ae merely another form of currency
and Of initiation. Under our new
currency system the marking up OF
prices of any commodity is instantly
reflected in a larger volume of
currency. Bank credits were never so
flexible as now. And flexible credits
are more difficult and sometimes more
dangerous to handle than frozen
credits.
Steel men say prohibition is respon-
sibie for the new growth of the au-
tomoble industry, which promises to
make the previous boom look trihfng
by comparison. In one town in Penn.
sylvania, where the steel men loved
their liquor savings banks have in.
creased deposits from $4.OOO.O0O to
$13000.OO0
The president Of one Of the largest
steel companies of the country says
Henry Ford is bluffing when he says
he viii stop production, as announced
He says hat in spite of the large
wages paid, Ford has the cheapest
labor in the world
Wages, said this steel man to
me this morning. are not a matter
OF dollars bat a matter Of efficiency.
l would gladly pay my men double.
Ny quarrel with union labor is that
it strives to reduce the amount of
labor done per dollar of wages. ignor-
ing the fact that men feels better
and does better work when ne is hon
eetly trying to produce more and bet
ger goods"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
PRICE ADVANCES
PREVAIL IN HOGS
At LOCAL YARDS
Lambs Take Sharp Rise While
Sheep and Cattle Remain
Steady.

Higher prices ruled in the hog sec
ton of the local livestock exchange
today, prices for best lights lettering
Mondays quotations 10@15c. Best
heavies did not better their position,
however, but held steady while the
market for roughs was considerably
higher, up possibly Csc, with some
good packing sows bringing S7.75. Re
ceipts were heavy at $500, cool
weather again attracting shippers, but
demand heavily unbalanced the de-
pressing effects of the supply at the
start of the market. Toward the
close, however, prices exhibited signs
OF weakening, with some traders feel
ing that Tuesday would see prices
shade lower. With this sentiment
in the air. trading slackened notice
ably, and there were quite few held
over. Best light hogs brought a top
of about $9.75.
Cattle trading was at steady figures,
with receipts possibly a shade under
normal at 700. A criterion of the
market was one drove of steers weigh
ing about $50 pounds which sold at
$1,000
Calf prices held steady with 500
received. The top for best vea1s was
$14.
A sharp rise of so cents to 81 in
lamb prices was the feature Of the
sheep market, the top experiencing a
50-cent increase to S13. Receipts
were about usual at 500. Sheep prices
ruled steady, best ewes bringing $3.50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
DEALERS ARE CONFIDENT
Retailers and Jobbers in Textiles For
see Improvement.

~ CHittu ! tfHhttut
NEW YORK, Sept. 12.-Despite the
fact dry goods and textiles have failed
to pick up with a rush after Labor
day, confidence, among most mer-
chants and jobbers that an upturn is at
hand, remains mistaken.
There are signs that beginning Of
the Improvement is here now and that
it is rapidly gaining Roadway. West
ern and Southern markets are more
active and, while strikes restrain trade
in some industrial sections, there are
others where business is improving
steadily.
News of advancing wages and a pos
sible employment shortage in some
centers is not without it's disturbing
features, however. More New England
textile mills are reported boosting
wages and it is said southern cotton
mills may have to follow.
Another disturbing element has
been that of Carolina Mills refusing
to pay high coal prices and closing
down rather than to submit TO quota
tons they regard as exorbitant.
The ninth annual convention and
style show Of the National Associa-
ton OF Retail Clothiers opened today
with the most interesting exhibits ever
assembled. Herbert Hoover. secretary
Of Commerce, and VIII Hays, former
Postmaster General are among the
speakers. The convention will close
Friday.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
CHICAGO HOGS STEADY
Cattle Sales Move Slowly with Sheep
Weakened

By jHftCd Financial
CHICAGO, Sept. 12.-Sales in the
hog pens were steady from the start
today and it looked like better mar
ket for all grades Receipts were 26,-
900. The fact that only 5000 were
followers was a big factor in helping
the market. Big packers We're slow to
take hold Of the market and it was
late before any Of the heavy stuff went
to the scales.
Few Of the 1900 head OF cattle
were Of choice quality but sellers held
out for fully steady values on all
classes. The trade was slow. Three
hundred head received by killers from
other trading points were also OF plain
quality. The total cattle supply at the
ten big trading centers was $500.
Fresh supplies Of sheep and lambs
fell short today and sellers again asked
stronger prices from the start. The
big killers however were slow to start
and it was some time before anything
moved toward the scales.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
By United Financial

By United Financial
NE WORK, Sept. 1.-THE Wall
Street Journal today says:
Professionals gathered scant head
way in the attempt to pick the top of
the current advance on the New York
stock exchange today. Their efforts,
cOincident with persistent profit
taking in stocks prominent in the re-
cent rise, served TO create decided
irregularity at various stages of the
day. but operation for the rise went
serenely ahead in many sections of
the market.
New highs for the year were attained
by Baldwin, American Locomotive,
Railway Steel Spring. Columbia Gas.
National Biscuit and many industrial
specialties. Railroad issues We're I'M
settled by a disturbing break IN the
Chicago Great Western stock, which
appeared to be an outgrOwth of the
uneasiness still existing regarding the
status Of the so-called weaker rails
following the Chicago & Alton re-
ownership.
Stocks moved irregularly in the
first hour. Some of the recent spec
ulative favOrites showed effects Of
profit taking. but many issues con-
tinued to display marked buOyancy.
White Motors advanced to soy, du-
plicating the best price on the present
move. Recent activity in Mack
Trucks and White Motors is explained
by the existence of railroad embargoes
which will add materially to use of
motor trucks for transportation pur-
poses.
Heavy prOlit-taking impending fur
Their progress on the side of advancing
prices i nthe general list in the second
hour but special issues continued 20
move forward. Studebaker and Chand-
Ter were subjected to considerable
pressure Of professional origin because
Of indications of q let up in the de-
mand for cars but activity continued
in General Motors and Hupp. which
maintained the years best levels.
Unsettlement was created in the
rails by the sharp break in Chicago
Great Western issues shortly after
noon. Great Western preferred sold
below Il against 1S24 Monday, while
the common declined to AS, a net
loss of 3 points. Pressure on these
stocks was attributed to the shrink
age in earnings arisin govt of the
labor troubles over the last several
months.
While the rails We're irregular, the
inGustrials were featured by a re-
newed forward in several groups.
Food product issues maintained their
rising tendencies.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
COTTONSEED OIL


NEW YORK, Sept. 1.-the cottonseed
oil market was inactive with sales of about
1000 barrels Prices easier. i to points
lower. Hedge pressure was evident in Jan
cline. Tho near by positions were offered
down by local traders and were very poorly
supported. Crude offerings were again
crate cash trade and the easy tone in lard
English cottonseed oil was pence lower at
Soc Cd. Southeast crude was &c bid; Mis-
sissippi and Tennessee crude, 5.9Oc bid ;
Louisiana, $3.50 bid: Texas crude, nominal
In some we'll informed quarters the real
pressure of crude is expected to commence
at the close of this week. The Southeast
mills largely begin operation about the mid
die of September and 1t Is felt that the
movement of cotton is early enough to bring
considerabl ecrude on the market in that
section of the belt, soon as operations
get under way. by the mills in general.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
NEW YORK LIBERTY BONDS
NEW YORK PRODUCE
By United FinanciqL

NEW YORK. Sept 2.-Flour-Dull and
unchanged. Pork-Dul; mess. S27.OO@
$500. Lard-Easier; middlewest spot,
$4,000 HOO. Sugar-Dull: raw, 81 9S;
refined, dull; graduated. $3.50 Coffee
Rio No. : spot, 1Ol5 @1O%c Tallow-
Weak special. ga @6ssc: city. 5%c Hay
Dull No. /. S1.2O; No. 3 S1OO61.O5
clover. S5cH S1.15. Dressed Poultry-Quet;
turkeys, 35 a 53c; chickens % q 3Sc; fowls
Is Bic; ducks. 25c. Live Poultry-Irregu-
lar; geese Is n 22c; ducks, % a 23c: fowls,
% n 2Sc; turkeys. % a 35c; ROSTERS. lie:
chickens. % csc; broiers, 26c Cheese
Firm; State milk. common to specials 1S60
23c; SKINS common to specials, 155kc But
ter-Quiet; receipts, 1916; creamery ex-
tras. 80 NC; specials. 400 40 &c State dairy
tubs, 29G 80 &c. Eggs-Quiet receipts,
l6,63S nearby white fancy, uncandled. so a
CSC; nearby mixed fancy. 3064Sc; fresh
frsts, 80 q 44c; Pacific coast, 50 q soc.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
METAL TRADE

CLEVELAND. Sept. 12.-Daily Metal
Trade today says: Prices for Southern pig
iron continue to grow STRONGER. Sales in
small lots and reported at price range of
$3.50 to S2S Birmingham. ST. Louis mar
ket also is strong with calls for iron coming
from many points outside St. Louis district.
Active blast furnaces in Canada have
been cut down to two out of a total of
twenty because of coal shortage. Furnaces
are shipping iron from stock piles. Many
foundries In New England with supply of
melt improved. are making urgent calls for
coke. English coke is sold to New England
consumers at $40 to $50 per ton.
Zinc is rising under the influence OF de.
mand from galvanizers and brass mills
sheet zinc advanced "A a pound. Copper
trm and tin dull.
No. foundry pig iron. Cleveland delivery
$50; basic pig iron valley. $50 a 80: sheet
bars Pittsburgh and YOUNGSTOWN, S3S a 40:
Steel bars Pittsburgh. pa 250c: sheets No
% black Pittsburgh. 3.35 a 3 SOC: plain
wire Pittsburgh $50 a SOC
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
Hundreds Stand
in GtySchO0LS;;
N. Y Problem

NEW YORK, Sept. 12.-School bells
starting a new year were answered
by 100000 pupils here Monday repre-
senting what is regarded as the great
est education problem n America.
All nationalities We're represented,
and a large proportion was unable to
speak English. Accommodations were
lacking and some of the schools
adopted standing sessions hun
dreds Of boys standing each period Of
the day.
More than 100000 Of the pupils are
a half grade or more deficient in
their studies.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
FOUR OF A KIND

JOHANNESBURG, Sept. H.
Hebe Likydopoulous, %, a Grecian
weitress in a diamond miners cafe,
was unanimously declared Baby
Homerun Queen today. She served
a breakfast to a gang of miners
and then went home and had four
children--all boys. Mother and
sons are doing well.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
FOREIGN EXCHANGE
12-Foreign ex-

BIZ United Financial
NEW YORK. Sept. 12-Foreign ex-
change opened easier.
Steriing-Demand. S4.44 1915: cables
81 - 3-16, of 3-I6. French-Demand
o. 90 nc: cables. 07-66c. off .0OOOla Lire
Demand, o. % Z G; cables. "a 30. off
.0OO1 &c. Northumberland Of % y e:
cables. O7.24c, off .O0OOz Marks-De-
mand. COOS g G Drachma-Demand. 03 zoe:
cables, 0325c. Swiss-Demand. 1S.91c;
mand. 3s soc. cables. IS. S3c. of O0OI
Pesetas-Demand, I5.41c; cables. 15.43c. of
.OO0l- Swede-Demand. cease; cables.
26-52c, off .0006. NOrway-Demand.
16.61c; cables. 1860. off .OO12. Dane
Demand. q .34c: cables. 2l.3sc.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
BIC 4 CANCELS
ELEVEN TRAINS
Mail Service Will Not Be I'M
paired by Order Effective
Wednesday.

Effective Wednesday morning the
Big Four Railroad will cancel eleven
Indiana trains.
Mail service win not be impaired.
0. X. Harms, chief clerk Of the rail-
way mail service, said.
Trains to be discontinued run he.
tween Indianapolis and St. Louis, Mat.
toon, Ill. Peoria H., Chicago, Cincin-
natl, Anderson and Benton Harbrr,
Mich, Anderson and North Vernon.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
ASKS $5OO,OO0
Alena Steam Products Company Sues
Texan on Contract Breach.

Damages of $500. 900 were asked in
a suit filed in the Marion County Civ
cult Court by the Alena Steam Prod
ucts Company of Indianapolis. Breach
Of contract was charged against Reece
S. Allen of Wichita Falls, Texas, who.
it is said. failed to put up funds as he
had agreed.
The Alene offices are at 20S Hume
Mansur building and the plant for con-
struction of steam tractors and trucks
at 1924 z. Georgia St.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12

BOSTON Sept 12.-Wool prices con-
tinue to hold firm with intimations big bust
ness ia impending when the foreign wool
auctions are again in full sing. A week
from today the Australian wool auctions
begin and nearly $50 900 bales are expected
to be offered in the various auctions in this
country. Within the next four months
Australia is expected to offer some 800, 900
bales, while yesterday at London about II =
600 bales were offered At this latter sale.
Germany, Belgium and France were keen
competitors for secured clothing Merinos at
the fullest previous rates.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
JAPS AND SOv|ETS
WILL COMP PROMISE
Developments in Far East Indi-
cate Recognition of Mos
cow Regime.
By United Press

TOXIC, Sept. Japan has decided
to compromise with the Soviet govern
ment of Russia the questions which
threatened disruption of the Chang
Chung conference on Far Eastern
questions, it was learned on reliable
authority today
This action was interpreted as the
first step towards de facto recognition
of the Moscow government.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
TRY NEW SYSTEMS

Real Estate Concern Inaugurates
photo Listing" in indianapolis.
photo listing" the latest innova-
ton in real estate advertising. has
been introduced in Indianapolis by the
Grin Jessup Lard Company. Each
property listed for sale or rent will
be photographed.
room where the public may n
spect the listed properties has be%E
set aside. A map system is also used
in connection with the photograph.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
Bonds
INDIANAPOLIS PRODUCE

butter, 21c fowl, 4 q lbs. up, Ole fowl, un-
der Il lbs, lie: springs. lbs under Gao;
springs. over 2 lbs, 21c; cox and stays, lie;
young tom turkeys. 12 lbs up, Csc; young
hen turkeys. s lbs up, 25c; old tom turkeys,
2Oc: dux. lbs. up. 15c; geese, 10 lbs up,
12c; squads IL lbs to doz, So; young
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
GETS APPOINTMENT
DIR. w. T. Morgan Will Teach l. L
Extension Glasses.

DIR. William T. Morgan of Bloom
ington has been appointed Instructor
in history for the Indiana University
extension division. DR.. Morgan is an
associate professor of history at q
diana and former teacher at ColufgS
bia University.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
CLEVELAND PRODUCE

BU NITCW WNNtlUf
CLEVELAND, Ohio, Sept. 12.-Brtter-
43 Il firsts. ~ a IL re: packing stor
% y 6l25 u Eggs - Frrsh cath, rec.
northern extras, IS re; extra fiTs's. ~ 10,
Ohios, Bic: western firsts, new cases .$c.
Poultry-Live heavy fowls, gee; ROSTERS,
IA a loo; spring ducks, 20 c, 32c. Potatoes
Z" 500 > - barrel.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12

The market closed steady
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
IN THE CoTTcH MARKET


NEW YORK. Sept .12.-Cotton opened
quiet and s.eady, up 8 to 8 points on trade
Wall Street and local buying and better la.
Dor news. The market later reacted to be-
low tho previous close under renewed South
ern hedPe selling.
The early reaction was followed with a
moders te rally when local and Western buy
ing WIS stimulated by reports. that the Ma.
tiona Ginners' Association estimated the
condi zion of the crop at 40 per cent with an
indie ated yield of 5000 900 bales In the
LOO hour the list WIS nn IL 10 g net
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
GET c. O. P. CONFAB
Speakers Session Will Follow State
Committee Meeting Sept. 10.

Following the meeting of the Re
publican State committee Sept. 10, a
session of all party speakers will be
held at the Hotel SEVERN the next
day, Clarence r. Martin, chairman
of the speakers bureau, has an
nOunCed.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12

The vogue for brown is responsible
for the increased interest in amber
and the semi-precious stones that look
we'll against this background.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
BIZ rnitcd Financial

VIEW ORLEANS. Sept. 12-Favorable
cables from Liverpool and strong buying or
ders caused cotton prices to show strength
On the opening here today. Futures were
Up from l to ID points.
In the first two hours CT trading prices
huctuated under combination of buying
End selling orders that proved the market
weak.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
SMITH GIVES BOND
Defendant in Alleged Fraud VOluntar-
lily Surrenders to Court.

BIZ United Press
NEW YORK, Sept. 12.-William
Winthrop Smith. wanted on a charge
of using the mails to defraqd while
acting as partner of DIR. Hirshberg I'M
der the name of William Winthrop 4
Company here, voluntarily surren-
dered himself to the Federal authori-
ties today and was held in SIS, 900 bail
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
RAW SUGAR MARKET

BIZ Tnitede FfndnCfdI
NEW YORK. Sept 12.-Raw sugar
opened steady; September, 315c bid: Deem
Der. g. IS a SOC; March, 3.1S@3 19c; May,
3.27 a 3.2Sc; July, 3.50c asked.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
LOCAL BANK CLEARINGs
Indianapolis bank clearings Tuesday were
3.4oO. GOO: bank debts were S5.565. 600.
N. Y. MONEY MARKET
BIZ United Financial

NEW YORK, Sept. 12.-Rates for sixty
and ninety day loans are at = and 4 "a per
cent with 4 per cent more for longer term.
Commercial paper is unchanged.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
TERSE MARKET NOTES

NEW YORK, Sept. 12-weel1ly statistics
OF Eastern railroads indicate that the shop
forces as of Sept. 8 were 81 g per cent of
FORMAL with total OF 135. SOY employees
During the week ended Sept. s. 1897 men
were added to the Eastern shop forces
against 5000 the preceding week
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
American Telephone & Telegraph Co
IS2nd Dividend

Tie rc.1 a~ arterly dividend Of two
dollars a. ! IT, five cents per share
viii De . Monday. October 16,
1872. tr s-r " ,lers Of record at the
close of bus esS on Wednesday. Sep
telnber 20 .''
II. BLAIR SMITH. Treasures.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12

By United financial
LIVERPOOL, Sept 12.-Limited spot de-
mand for cotton with prices easier: sales,
5000; receipts 1000, including 900 Ameri-
can Futures closed steady:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12

uation improves rapidly here and soon the
high prices will be the last reminder OF the
coal strike. Brier Hill is preparing to blow
in its third blast furnace and the 600-ton
stack of the Trumbull Cliffs Furnace CON-
pany at Warren VIII resume Sept. ID. This
will bring the activity of the district TO
about 90 per cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12

DULUTH-Operalion of the Oliver Iron
Mining Company and Independents ON the
ranges are being increased with assurance of
better coal supplies.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
LOCAL WAGON WHEAT
BOSTON WOOL MARKET

No. . wagon wheat. csc. No. white
oats. soc.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12

NEW YORK.-Signs here point to con-
tinuanCe of the activity in building during
the coming spring. Efforts are being made
TO contract for cement at present or lower
prices and one big Detroit automobile manu-
facturcr is reported to have found no cement
available. Lumber trade publications say
there is a clamor for transportation and the
car shortage is particularly notable in the
South. The demand for structural steel may
keep prices up or even send them higher.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
LEADERS ATTAIN
FREQUENT HIGHS
IN WALL Street
Many Industrial SpeciaIties
Gain Seasons Best During
Sessions.
ACTIVITIES CHECK SALES
ManeuVers of Professionals,
However, Make but Little
Roadway.

Twenty active industrial stocks
Monday averaged 102.O5, up 81 per
cent; twenty active rails averaged
1899, up II per cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12

CHATTANOOGA.-Se high-grade de.
posts of bauXite have been opened in this
section recently and the mining of nom
metallic minerals is attracting attention gen
orally. Silica. white China clay and tripOli
deposits are being exploited.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12

WASHINGTON-Ilino Central applied
trust certificates. The carrier proposes to
sell the securities to Kuhn Loeb & Co. at %
which should cost the carrier the equivalent
of not to exceed 5.32 per cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12
NEUTRALITY-SUSPICIOUS. Nashville

NEW YORK.-Reorders for mems cloth
ing for fan are being received in good vol
ume, according to manufacturers
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-12

WASH1NGTON.-The Nashville. Chatta-
nooga & St. louis railroad applied for au-
thority to assume obligation with regard to
the issuance of 81 800, 900 equipment trust
certificates which will be sold to j. P Nor
gan & Co. at 94.S9 and accrued interest
which is on the bass of slightly in excess OF
3 per cent.