davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-10-29
In Wall Stree.
General American Tank

The General American Tank Car
Corporation has orders on It's books
for 10000 freight cars worth ar
imately $40 100000, according to an
analysis OF the company's condition by
H. Hentz Il Co., members Of the Stock
Exchange. "The freight car business
says the analysis, "should have great
prosperity for the next ten years, mas
much as prior to the war the replace
ment requirements Of the United States
railroads were approximately 10000
ears annually. Without allowing for
increased requirements due to Ia
creased population, this program has
been held back from The beginning of
1914 until the beginning of this year,
SO that on replacement requirements
alone the railroads are behind no less
than 10000 cars annually for the eight
years between 1914 and 1929. 1t is
apparent that In order to supply this
deficiency in freight car rolling stock
the capacity Of car builders will be
taxed to the utmost for several years
to come"
New-York tribune., 1922-10-29
What's Behind
Active Stocks !?
] 36--Adanas Express

BY virtue Of the sale OF it's ex-
press business to the American
Railway Express Company In 1918
the Adams Express Company be-
came strictly holding company.
1t does not conduct foreign bank
ing and remittance business, as the
american Express Company, but de-
rives its revenue from dividends on
the $11,904,300 of Railway Express
stock it holds and from the stocks
Of certain controlled companies. in
Guiding the Southern Express Com
pany, which is also d part owner
OF the Railway Express. On May 1.
1920, the Adams disposed Of it's
holdings of securities Of the Adams
Express Building Company, which
owned the building at 81 Broadway,
New York. The purchase price was
paid In cash, except s2,250, 900 sec
ond mortgage bonds, subject to a
S5,000,000 first mortgage on the
building. The company was organ
lied in 1854 as joint stock associa-
tion. Its securities were carried in
the last statement Of assets and
liabi tiles, dated December 81. 1921.
at S28, 1908, ,80S. On that date the
net assets applicable to the s10,-
100000 capital stock amounted I'd
SI0,a83, 900, or $103.s3 a share.
There la q funded debt Of sic, ,069.-
600, due in 1947 and l94s. Surplus
in the last statement amounted to
$383,0o7. income in the calendar
year 1921. equalled sS05 q share on
The stock. No dividend has been
paid on the stock since 1919, but
Payments ranging from s4 TO $l2 q
share were made In every year from
1892 to 19i7. Range Of stock:
High, $50 In 1907 when a special
dividend OF 5000 q share was paid
in collateral trust bonds: low, 22
in 1920; yesterdays close, 791s
New-York tribune., 1922-10-29
The Pennsylvania Dividend

Undoubtedly the most important
financial event of the last week was
the restoration Of the Pennsylvania
ulvidend rate to the 8 per cent basis
that prevailed prior to 1921. This ac.
tlon on the part of the directors served
to call attention to what has been ac-
ccomplished by the management in che
face Of difficulties. Earnings in 1920
were insufficient to cover fixed charges
without the aid of government COM
peEsation, and even last year results
We're far from satisfactory. The lines
~ try, very heavy traffic in iow-grade
freight, which yields only small mar
gan OF profit. To handle such business
secee ssIuiiy requires The highest form
Of operating SKILL How we'll this has
been accomplished this year is shown
by the fact that for the arst eight
months net, after taxes and rents. was
soo,724.724, against only 2o,lfs.ss4
a1oudr,ng curing the corresponding period Of
New-York tribune., 1922-10-29
Price Advance i'm
Cotton Heightens
Activity of Goods
specsag Dssposch to The T,ioass

NEW BEDFORD, Mass, Oct. 2s.-~
The sensational price advance of raw
cotton has this week dominated the ac-
tivity which had prevailed in all mar
kets in the manufacturing in
dustry. The finished goods markets
showed an ability to convert the inter-
est into actual sales with greater sue
cess than did the cotton market.
Fall River, with estimated sales Of
100000 pieces of print cloth, added an
other week TO it's trading boom. Fine
interest we'll distributed. Prices In
ell goods have been extremely Arm
and the mills have beer able to follow
the cotton advance with Improvement
in cloth levels on certain constructions.
Lower Grades Lead Advan
Short cotton and the lower grades o.
goods have taken the lead in the price
advance which has been going on now
for about four or Ave weeks. The fne
goods mills complain that prices on
these materials have not moved up
enough. Certainly the Improvement in
the volume OF sales of fine goods is the
basis for the sound tone of the market
now rather than any wide margin Of
profits. The recompense comes in part
from the inability of extra staple cot
ton to sustain as large price advances
rs short cotton.
Even with cotton passing beyond the
24-cent mark this week, extra staples
did not fuctuate extremely. Brokers
placed the advance on extra staples at
half a cent pound, or perhaps as
high as cent. This does not mean
the mills are pleased over the extra
staple situation. Cotton is now higher
than it has been for year. What
makes this particularly significant 10
that this is the customary period Of
rather low prices, when the weaknesses
Of holders are most apparent.
Consumption LargSf
The cotton situation Is not seen as
being exactly analogous 20 the high
price era the early part of last season.
Much of this was due to hysteria aud
a part to the unforeseen short crop.
None of it was reinforced. however,
with capacity activity In the mills or
with any heavy buying OF cloth. Con-
sumption OF cotton here lis row on
much larger scale, whila the export
sales are larger. The situation on its
face favors the bullish interests, In
actual practice the mills using short
cotton have met each advance with com
siderable buying.
Staple purchasers have watched the
upward movement in prices but have
not supported Il by buying. Spot
staples have figured in most sales.
Stocks had not been high before re-
csipts took big drop. due to trans-
portation difieulties. and as the same
time operations became heavier. The
market reports an improvement now
in the cotton receips.
Fall River reports sales Of print
cloth as having been restricted this
week by the unwilIingness OF the manu-
faeturers TO accept all the business
offered, Lower level offerings were
withdrawn by some mills with the frst
advance in cotton. The majority OF
buyers took goods at the new prices.
and this WAS becoming more and more
the rule toward tho close of the wesk.
Many nnmbsrs In prints are hssasaina
New-York tribune., 1922-10-29
The Dollar i'm Foreign Exchange

Foreign exchanges rates turned some-
what reactionary yesterday after Fri
days recovery, giving evidence Of lack
IF support. French francs closed at
7.o3h and lire finished lower at 1854.
The trend during the week was gen.
orally lower except in sterling, which
held generally firm. Francs dropped to
new low level for the year, below 7
cents, and lire fell below a cents. Ger
man marks dropped to record low
level.
II you calculate the cost Of the dol
lar In terms Of foreign money or eur
rency exchange value--that is, il you
were buying dollar with pounds,
marks or francs-its value yesterday,
compared with last week and the cor
responding date of year ago, follows:
New-York tribune., 1922-10-29
Rise in Portuguese Exchange

portuguese exchange extended its re-
covery by more than half cent 70
seven cents yesterday. Bankers in touch
with the situation in Portugal saw
that the Improvement in the escudas il
due to increasing confidence in the
portuguese government rather than to
artificial measures. The Minister Of
finance, in particular, is praised and
tne control of exports which he has in
stituted Is said to have resulted in a
considerable c. expansion of exports. A
limitation on the upward movement of
TINS exchange exists in. the inflated
condition of Portuguese currency II
is doubted whether this can be effec-
lively stopped now.
New-York tribune., 1922-10-29
Indications of the Reaction

Last weeks decline in the stock mar
ket suggested to some observers the
possibility that the previous advance
had quite fully discounted the business
Improvement that is In sight and. as
the reactionary tendency was coinci-
dent with the decline in the foreign
exchanges and talk OF German bank
ruptcy, the argument was also ad-
yanced that the previous advance had.
part, been based upon the hope of
better conditions in Europe. The fact,
however, that the lows Of the week did
not break under the September lows
was viewed az favorable and as FORE
cast that there will be better market
in November.
New-York tribune., 1922-10-29
Bank Surplus Rises

A gain Of se7.f22,30o in excess re-
serves brought the surplus reported ,y
the Clearing House banks yesterday %
the highest point in several weeks, $751;
l76 020. There was a decline of se2.-
3S5,O0o in net demand deposits, gov
ernment deposits fell approximately
S3o ,ooO 900 and time deposits increased
$9oo,0oo. A contraction of loans and
discounts. amounting to $51,553, 900,
was shown by the statement.
New-York tribune., 1922-10-29
st. Paul Financing Improbable

Reports published in the financial
district that the st. Paul was discuss
ing q bond issue TO provide funds for
meeting the S10,000.oo0 loan from the
government due January I were denied
by bankers yesterday. No plan has
been reached for the handling of this
maTurlty. The rumor is believed to
nave arisen from the fact that Presi-
dent byrana, In town last week for the
regular monthly meeting nf the roads
directors, paid q visit to the contpany's
bankers, as is bis custom.
New-York tribune., 1922-10-29
Financial Iten1s

b. II. Reynoids commercial auperfnten-
dent of All America Cables. Inc. has been
appointed by President Julius "a Barnes TO
represent the Chamber Of Coumerce of
the United States of America at the Bra
giiian Centennial Exposition.
Announce ment was made yesterday Of
the organization OF 6ecurity Incorporated,
a Delaware corporation. whose aim. accord
ing to iia spongors 10 to stabilize the au-
tonaobiIe Industry by providing guaranteed
titles for cara, BY reducing automobile in.
sarsncs rates and by checking thefts Of
cara L. b. Howey is president Of ahe
dent.
Frsnh 3. Calm d o.. announcsa sAas 1.
New-York tribune., 1922-10-29
New Issues In Prospect

New bond offerings last week
amounted to only slightly more than
s4b,00o,o00. 1t is probable that this
aggregate for six days will be exceeded
by to-morrow's fotations II the sched-
uie arranged is adhered to. THE larg-
ess piece of financing will be the 1885,
Ooo,ooo Gulf Oil issue, and to this
amount another $10,00G,000 or so will
be added by miscellaneous small offer-
ings, by the American Smelling & Re-
hining issue and possibly by the Co.
New-York tribune., 1922-10-29
Bidding ON Rail Securities

Bankers returning from the hearing
before the Interstate Commerce Com
mission on competitive bidding on new
rallroad issues expressed the convic-
Gion yesterday that no change in the
current practice would be ordered The
position Of the commission il esnected
TO be made clear by it's actions rather
than In any formal announcement.
New-York tribune., 1922-10-29
Alden Likes u. S. Cotton Goods

Alden cotton piece goods dealers
welcome monthly arrival o. steamers
direct from the United States, since it
keeps up the interest In American
cotton goods. rnost Of which are ac
ceptad as the best Of their kind at i
time when German composition 10 be-
ginnihg to be serious!y felt, says Con-
sul ir1mond Davis, Adsns Arabia
New-York tribune., 1922-10-29
Rail Reports
continue Uneven Trend

Chicago, Milwaukee 4 Sc. Paul Rail-
road reported September net earnings
u aNb4lo7, decrease of sSt7.72i from
ssptsnber, 1921 Chicago & North
western reported September net of
N6al9oo, decline of 81 ,9s9. 900. Roads
Npofs'hg yesterday follows
New-York tribune., 1922-10-29
London Money Market

sset.s Oct. 2S.- Bar gold was
u - = we 8d. Money was loaned at
aaerM ~ h,,, cent. Discount rates were:
apnsbs bis;s k:s S-l6@2N per cent; three
- pills, 2ss fQ2 7-Ie per cent.
New-York tribune., 1922-10-29
pyFIEht' I8sg, NHw York TrIbuns Iur. 1

Kay. formerly president OF Mocha MICS Saw
inss Bank OF Memphis, has become assoc
ciated with them In their bond sales de-
p&rlment.
New-York tribune., 1922-10-29
'na 60 dis Min In YenezneIa

\ aI. aatn T. soetfer, Caracas. reports that
esr,a. mas been formed at. Caracas 20
2lil y. W the manufacture of hosiery,
sSSes and dyeing Of yssnss
New-York tribune., 1922-10-29
Silver Market

Silver =. London, 84Ad; New Worry.
domestiS bar, SBAe; foreign. e7Aes
Mexican delisrs, sika
New-York tribune., 1922-10-29

ocs Sl-corn Exchange Bank. ..s
NOV. i-Detroit United Ry. ....... IN
nov s--iiiinois Central r Co... TX
Nov. Iron Products ccrp pe...
Nov l--KeIly Springfield Tire ss Of.
NOV, infant Copper Co. .... u
yet. SI-Norfolk & Western adj pf,
NOV. l--pennsyivania r R.. a.
Nov. l--Pittsbargh g. w Va Ry pf q
nov s---Fressed Steel Car IF $500. y
Oct 6l--Pullman Co.......
oct s0-sheil Union Oil Corp of L
Nov. Sinclair Con, oil OIL Corp pf !,
Oct. 81---Eouthern Ry Co nf ~
Oct. sl--stewart-Warner Snssdnmas.r
Nov. l--suPerior Steel Corp ist pf,. q
Nov. e--Union Tank Car Co. ......,., ia
SoV. 40 pi SIS .....s..... 4&
New-York tribune., 1922-10-29

pate Pate Name. PC.
Nov. 1--.Nmerican Bank Note Co.
Nov. I---Ainer.Ls France Fire Eng. "
Nov i---Amer Radiator Co pf...... IL
nov. 18--Amertcan Tobacco Co...
nov. lo-- do common B....
Nov. Amer waserworks g. Electric
81 GO inc vot sr Is 1st pf ..... tx
~. is--Asso Dry Goods Corp LIST pf. Il
Nov. 1--Heechnut Packing Co. temp 4
Nov. l--Burns Bros. A... an
Nov. 1-- do II
Nov. ie--Centrai n Co Of ii Js.
get sl-EolumhaA Gas q Electric, fM
Cct si--Conn Ry q Lighting ........ V
hss. s--cssseiiaasei aas % sf ii K. 1 =
The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1922-08-02
HERE'S PROOF
An ocala Citizen Tells of His Expert

An Ocala Citizen Tells of His Expert
ence
You have right to doubt state
ment of people living for away but
can you doubt Ocala endorsement?
Read it:
William Enzian, retired farmer, 314
N. Magnolia St., 0cala, says: 81 suf-
fered from lame back and kidney COM
plant, few years ago when / was
living IN Virginia. When I stopped to
lift anything kink took me in the
small of my back and could hardly
raise up. There was dull ache across
my kidneys all the time I got up as
often as four times at night to pass
the kidney secretions. They were
scanty and highly colored. read about
Doan's Kidney Pills in the paper and
two boxes cured me. The pains left my
back and my kidneys acted like clock
work"
Price 60c., at all dealers. Don't
ASslmply ask for a kidney remedy-get
Doan's Kidney Pills-the same that
Mr.. Enzian had. Foster-Milburn Co,
Mfgs., Buffalo, N. Y.-Adv. No. 1
The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1922-08-02

The most expensive things retail
store can have is empty aisles; they
represent invested dollars going to
waste-ADVERTISE.
The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1922-08-02

Florentine jewelry at THE BOOK
SHOP. 1-3t
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-06-03
Can We Have Nickel Cigars?
BY FREDERIC j. HAsKIN

American tobacco filler to make a
fragrant and acceptable cigar which
will retail at five cents.
There has long been a big tax on
Sumatra, which must be imported.
1t started as a war tax, and is one of
the reasons why the price of the for
mer nickel cigar went soaring.
Some of the tobacco raisers are for
and others are against the high tariff
on Sumatra at present in the tariff
measure. Some of them believe that
the practical exclusion of the Suma
ira wrappers, and its disuse for cigars
will be a benefit to them. An all
American tobacco cigar would have tC
be put on the market, and this would
mean, they think, the entire use OF
their crops at good price in order
to supply the demand which viii
spring up.
Opposed to these are some growers
who believe with the manufacturers
! that the quality and fragrance givei
by the Sumatra wrapper will turr
many cheap cigar smokers to moro
expensive brands using imported to
baccOs, or to cigarettes. This would
mean a lessened demand for tht
/ American product, with COnsequen
direct loss to the tobacco growers
| Using the imported wrappers in spite
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-06-03

WASHINGTON. D. c., June 8. -
Thomas Riley Marshall, former Vice
President, is authority for the state
ment that what this country needs is
a good five cent cigar.
Cigars of the old time standard sell
ing for five cents would be long step
back to normaIcy. according to con-
firmed smokers of this grade of tObac-
co. The nickel cigar was long re-
garded as the poor mans luxury, and
he ought to have it back again.
Abolition of the luxury tax on CT
CARS, where the consumer paid direct
ly to the retailer and he in turn to
the Government, so many pennies, de
pending upon the price of the cigar
purchased. did away somewhat with
the odd prices such as seven and
eight cents. However. the stamp tax
on cigars remains, and is not consid
cred low Because of this and the
high cost of production, most of the
brands of five cent cigars have drOpp
ed back to that price level.
According to manufacturers, thi:
was about 10 be realized when Their
was written into the tariff bill now il
the Senate a duty of S235 on Suma
ira tobacco from which wrappers are
made. Sumatra, cigar makers say, i;
essential in ordinations with the
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-06-03
PREBLE PROSECUTOR
DROPS CASE AGAINST
TWO RICHMOND BOYS

EATON, Ohio, June 3.-BurgLary in
'dictments pending against Harold
Bud" Wallace and William White
both of Richmond. Ind, were nolled at
the instance of County Prosecutor r.
G. Sever and the two men have been
released from the county Jail.
Prosecutor Sever stated his reason
for having the indictments dismissed
was that he had failed, after diligent
search,to. in his opinion, find sufficient
evidence upon which TO convict Wall
ace and White.
Albert White, Richmond Ind: Wall
ace and White were arrested and in
dicted for burglary, following a burg
larry of the hardware store of William
Poos. in Eaton, in last March. The
trio was held in Jail in default of
$4,000 bond each. The two Whites
are brothers.
Albert White, few days ago. chang
ed a plea of not guilty to guilty and
Thursday he entered upon a term of
from six to 16 years in the peniten-
tiary. Wallace and William White
had entered pleas Of not guilty and
were awaiting trial when the case
against them was dropped and they
were given their liberty.
Sues For Divorce.
Married in April, 1908, in IAncas-
ter, KY, Charles Johnson has entered
suit in common pleas court against
Mary Elizabeth Johnson for divorce,
alleging wilful absence.
Divorce Granted.
Wilful absence for more than three
years was ground upon which Clara
Arp was granted a divorce from
George Arp, Friday, in common pleas
court, and awarded custody of two of
their children. Izora and Floyd. Judge
'Teegarden, of Greenville, granted the
decree. Arp is to pay IS week to-
ward support of the two children with
THE mother. A son, Mervin, is with
the father, who is said to reside in
Hamilton. The couple married Nov.
2, 1906, at Eldorado.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-06-03

sure. if the plan to increase the duty
is adopted Instead of applauding the
Senators who are trying to jam
through the tariff. tobacco growers
will be likely to curse them a year
hence. With a $2.35 tariff as pro-
posed, we will have TO raise the price
of domestic cigars or pay less to the
grower for his filler tobacco. If we
raise prices to the consumer We will
lose volume, so will the grower"
There are the two sides of the ques-
ton. 1t may be that the old five cent
cigar will never come back. If it is
true that the Sumatra wrapper is nee
essary to supply aroma and flavor, the
high tariff may block return to nor
malcy in this line. If just as good 4
cigar can be put on the market made
entirely of American tobacco, the old
! time five cent cigar will soon return
to solaCe those who mourn its loss
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-06-03
Citizens of Sixth Ward
Vote Against Commission

Citizens Of the sixth ward, meeting
at the Vale school Friday evening,
voted against adoption of the city plan
ming commission for Richmond at the
close Of session devoted TO discus
sion of the matter
Provisions of the law furnishing
such a commission were explained by
City Attorney Will Kelley and Coun-
Gilman Louis Fahlsing.
The vote at the close of the evening
stood 10 against and three fer the
plan.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-06-03

of the high tariff on it would mean
there could be no nickel cigar of the
old quality unless the American grow
er of the filler were paid much less
for his product in order to bring the
price down to the old retail figure.
Decline Of Cigar Smoking
1t is declared by the manufacturers
that fewer cigars are being smoked
today in the United States than were
consumed five years ago. They say
this is due to the high prices of cigars
and that the tariff situation is respon-
sible in large part for the higher
costs.
Not only that, but the Government
is getting less revenue from the high
tariff on imported tobaccos of high
grade than it would receive in in
come if the tariff we're lower. The
lower import duty would, they con
tend, result in such an increase in i'm
portations that the bulk of the bust
| ness would more than offset the lower
rate, as far as the income to the Gov
eminent would be concerned.
! Instead of being protective tar
if, as now proposed, the 1896 duty
i on Sumatra wrapper would act as Il
drawback to the efforts of the Ameri-
can tobacco planter. the makers of CT
| gars aver On the theory that a cheap
! cigar without the Sumatra wrapper
would not sell readily, the makers say
| that raising prices would reduce the
volume. This, of course, would hit
the tobacco planters directly.
The tariff bill is not done with yet
and the question of the Sumatra wrap
per is not of very much Importance
when the whole scope of the measure
is considered. But there is a lot Of
agitation. one way and another, ant
more will be heard from it before the
tariff bill is sent to President Hard
ing for his signature. The manufac
turers are trying to convince not only
Congress, but the growers as well
that the best interests of everyone
would be conserved if the tariff OF
imported Sumatra were brought dowl
several pegs.
For Home Grown Product
On the other hand there are thos
I growers who insist that a cigar ca,
be made entirely of American grow
tobacco which will not only be readil
acceptable to the class of smoker
| who like the old five cent class of C.
J CARS, but that the demand will b
good, and therefore the American tC
Il bacco crop can be marketed with
n good return to the raiser of domesti
tobacco.
~ Some of the makers of the old tim
five centers were on the verge of bi
# advertising campaigns based on ge
r. ting out a cigar with the foreign wral
per at the old price of a nickel apiece
p These plans have been held up penC
90 ing the final action of Congress o
f. the question of duty on Sumatr;
= These makers insist they cannot max
>. the cigar with the old wrapper to Sc
: for five cents if the proposed dut
l, goes through, and will not even max
n an effort.
4 Some of the manufacturers are rat,
,f er annoyed that all of the America
~ growers do not see the situation fro
II their point of view. One cigar make
here recently had this to say:
- American farmers who raise toba
p. CO will be the first to feel the pre-
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-06-03
To Remove Harry Hates
To Hospital Saturday

Owing to complications which have
arisen since the accident in which he
was seriously injured near Angola,
Harry Hates will be removed to Reid
Memorial hospital late Saturday, says
a message received here by relatives
today. He will arrive late in the after
noon and will be taken to the hospital
at once for treatment. He suffered q
compound fracture of the arm and
other serious injuries