davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-06-06
Better Outlook for Union Pacific

Carl Gray, president OF the Union
Pacific. states that the situation in the
systems territory this year as 10
traffic is decidedly better than az the
corresponding period year ago.
Credit conditions affecting the farm
er." he said yesterday. have i'm
proved materially. and the banking
situation is much more favorable. Crop
prospects are good and there has been
perceptible improvement in lumber.
The recent rate reduction is, OF course,
a serious matter Its results, however,
cannot be foretold until 10 is demon
strated clearly whether the reduction
will actually cause an increase IN
traffic. The extent Of the wage reduc-
tions and tho outcome Of the coal
strike will have an important bearing.
II such wage reductions are made as
conditions justify and II reasonable
price for coal exists, railroads IN the
West should equal last years perform
ance in nett
Deyaluation OF German Mark
There is quite general agreement in
the financial district that deyaluatlon
Of the German mark from its present
gold parity will be an essential condi-
tion Of any international loan for Ger
many, but there is deal Of uneer-
tainty as 70 how that devaluation will
be effected. The primary requirement
is that the loan should be Of proper
tions to enable Germany 10 halt her
printing presses and balance her
budget. after which. bankers believe,
the domestic and foreign purchasing
power Of the mark will draw closer to-
gether and something like stabilization
be realized. Il is on the basis thus
set forth that devaluation can best be
undertaken, it is felt, as arbitrary pre-
determination Of a new parity would
be virtually impossible.
New-York tribune., 1922-06-06
The Dollar in Foreign Exchange

Demand for sterling exchange here
yesterday sent the quotations for
cables on London to r new high level
since the decline that followed re-
moval of the peg" in 1919. rates ad-
vancing TO S4.509s at one time. This
compared with S4.51 in July, 1919, after
the artificial stimulus had been re-
moved. and with the low Of S31s
reached in February. 1920.
plished while the market was closed
because Of Whitsuntide holiday in
London. Continental rates moved
higher, but not in the same measure
as sterling.
South American rates ruled firmcr.
but there were no changes in the Far
Eastern group.
New-York tribune., 1922-06-06
In Wall Street
Cnnsnlldated Gas

Although IL was stated At the ofiiees
Of tho Consolidated Gas Company yes
terday that any revamping Of the cap
ital structure was too remote to war
rant any official announcement re-
ports current in the financial district
were 10 the effect that plans now un-
der consideration involve the follow
ing changes; Calling OF the $2O,OOO'-
600 one.year 3 per cent notes and their
conversion into stock; retirement OF
the present slOO.0O0,O00 stock and the
issuance in its place Of proportionate
amount Of no par value stock; an IN
crease in the present dividend rate
from 81 10 SO and the placing OF the
no par value shares, when issued, on
IS basis.
New-York tribune., 1922-06-06

The appreciation Of nearly 20 points
in American Can since the first Of tho
year is apparently based on the i'm
proved earnings Of the company com
pared with 1921. In one quarter yes
terday il was stated that income be-
fore interest charges in the first quar-
ter Of 1922 was close 20 $1,000, 900
compared with a deficit Of $4,000 in
tho corresponding period last year.
Tho betterment in earnings has natu-
rally caused revival Of talk Of diyi-
dends on the common stock, but Il Is
felt in some circles that the company
will materially reduce its funded debt
before beginning payments on the
junior capital issue.
New-York tribune., 1922-06-06
Outlook for German Loan

Flotation OF an international loan to
Germany is believed TO depend largely
upon the extent TO which France is
willing to subordinate to the operation
the first lien given the Allies by the
Versailles Treaty and. in this connec-
tion, Premier Poineares speech Of last
week is regarded as discouraging Some
tendency to sympathize with the
French position is discernible here be-
cause OF the firm resistance OF the
United States TO any waiving Of Al
lied war indebtedness. One view ex.
pressed yesterday was that unless
something happened within the next
few days to give a favorable turn to
the negotiations. the chances for the
loan being arranged would be yerS
slim.
New-York tribune., 1922-06-06
Phillips Petroleum

Net earnings Of the Phillips Petro-
leum Company in Nay. after taxes and
interest, but before depletion and de-
probation. are reported at approx
mately si,lOO,OOO, or at an annual rate
Of ;13 100000. May net was the largest
in the company's history, exceeding
April. which was the previous record
month, By over 100000. The increase
is attributed TO a large increase IN
crude oil production. as well as exPan-
sion in casng-head gasoline opera
tions. The company is now drilling
close 20 100 wells in proven territory
and already has more than 1000 wells
in the mid.continent field.
New-York tribune., 1922-06-06

New York yesterday were: Exchanges,
$405 100000 balances, s66.40O,000.
Silver-New York, domestic bar.
e9%c; foreign, 71%c; Mexican dollars,
54ssc.
New-York tribune., 1922-06-06
Money and Credit

The call loan rate worked down TO
3iz per cent yesterday for the first
time since the firmer tendency became
evident in anticipation Of the usual
monthly disbursements. The opening
and renewal charge was 4s4 per cent.
but this was gradually reduced, until
shortly after noon loans were arranged
at 312 per cent. Time funds continued
quiet, demand being light and rates
holding unchanged.
New-York tribune., 1922-06-06
Transactions Yesterday in Listed Stocks
Summary of Stock Exchange Dealings

fcopyrisht 1922. New York Tribune Incl
New-York tribune., 1922-06-06
What's Behind
Acfiue Stocks?
l2-Atchison

The Atchison. Topeka & Santa Fe
Railway operates il,707 miles Of
road in ten states of the West,
Southwest and Middle West. lncor-
porated in 1895 IL has become one
Of the most prosperous systems in
the country. Normally products OF
the mines constitute the largest
item Of freight. but tonnage items
are we'll diversified. The $799, ,63l 900
investments in road and equipment
are represented by a funded debt
Of s2S9.ssS,000. and in addition
si24,i73,700 preferred stock and
1928 1907 800 common stock. A 5 per
cent dividend has been paid on the
preferred since 1901. Since that
year also the common has received
dividends annually, withot omission,
ranging from 81 TO 8 per cent, the
present rate being 8. Earnings in
the past ten years have averaged
1i.04 per cent on the common stock.
In 1921 1l.29 per cent was earned.
Income from sources other than
railway operations averaged iS per
cent Of total income in the FIVE years
ended December 81, 1921. The OPP
Grating ratio was reduced from
s5.77 to 7i.25 per cent in 1921.
The company had a profit and loss
balance Of sio6,34b,000 at the end
OF 1921. Range OF common stock
since dividends were initiated In
1901: High, 1881 in 1909; low,
42h in 1901; yesterdays close,
100.
The Birmingham age-herald., 1922-08-29
NOT TOO EARLY TO THINK ABOUT A COAL SUPPLY

Domestic coal is retailing from S2 to $3 a ton under the prices at which retail yards were delivering it at this time last year. Good grate, stove and furnace coal can be gotten now at $6.50 ton laid in the cellar, and the choicest grades are obtainable at $7.5O.
 Wages of miners will be advanced Septem- Der 1 approximately 20 per cent. There is a demand from the west for more coal than Alabama mines can produce and that demand will continue some time after resumption in the western field. The law of supply and de- mand has laid it's hand on coal and this time is pulling it upward.
 The domestic consumer has three ways of getting coal-through the retail coal yards, direct from wagon mines in trucks and direct from mines in railroad cars Each mans win- ter coal supply is his own business His judg- ment to the rise and fall of prices is his business, but the earlier coal bins are filled the greater will be the assurance of an ade quate supply of fuel for the winter months
The Birmingham age-herald., 1922-08-29
IN HOTEL LOBBIES
 AND ELSEWHERE
MADE FAIR TIME

q consider myself fortunate" said o. L. Bum, sin the slight delays I experienced going to and from \Camden, N. J., and Bir- mingham. was delayed only three hours one way and only five hours the other. That is almost on time the way things generally go now.
 q visited the Chambers of Commerce at Philadelphia and Camden and l did not dis cover anything they were doing that had us beat down here except in membership. Cam den is half the size of Birmingham, but has chamber with 2,500 members.
 Philadelphia merchants believe in five day week in the summer. Wannamakers and practically all the retail stores on the subway close all day Saturdays and everyone goes to some of the nearby bathing places for the weekend"
The Birmingham age-herald., 1922-08-29
THE ARTISTS PAY

From the Chicago Herald and Examiner.
 A sculptor, disappointed of his ambition, has killed himself. Many an artist is poor to star vation, but few kill themselves. The percent age of sef-murder among them is very low.
 One reason, at least, is plain. In art the great satisfaction lies in the attempt: Success, if it comes, is glorious but failure is not quite failure, for the effort has held and continues to hold it's own joy.
 A banker or salesman or clerk must sue ceed because success is his only inspiration. An artist finds constant inspiration in the try ing If not today, perhaps tomorrow; if not tomorrow, then next year.
 We may perhaps present the parallel of golf Who ever quits the game by reason of poor scores? He threatens and grows furious, but he keeps on, for the work, not the end, is, the crown of his sacrifice.
 This world treats it's artists harshly enough, heaven knows They toll terribly, most o1 them. for a pittance Yet in . brutal fashion the world is right enough; for the artists know . constant joy denied to others, and in that joy find compensation beyond price.
The Birmingham age-herald., 1922-08-29

That movie star who tried to kiss everybody in sight may possibly have thought he was Ion location"
 < < What is it in the atmosphere of the Attor- ney Generals office that leads to periodic ''red' panics?
  It doesn't soothe MT. Harding to cruise in the Mayflower if he takes his troubles with him.
  How will this country get along without its customary 5000 flivvers a day from Detroit
 * x x Sweden seems to have put her foot down on prohibition. Must the soil be prepared anew?
 < < < DeValera is reported to be wounded. It must have been a stray bullet.
 < MT. Cox still impresses Europe as coming man.
The Birmingham age-herald., 1922-08-29

fought in a state noted for the violence of its politics. There were several causes which helped to arouse intense feeling among the voters. There was the inevitable wet and dry issue, Mayfeld having the indorsement of the Ant-Saloon league and Ferguson being an ad- vocate of beer and light wine, but the fact that Ferguson was fighting to "come back politically and his opponent was said to have the support of the Ku Klux Klan did more than anything else, apparently, to keep inter- est at fever heat.
 Personalities flew thick and fast The fact that Ferguson was driven out of the guberna torial office capitalized for all it was worth by his political enemies and he was further charged with trying to break down the prohibition law by favoring a modification of the Volstead act. Mayfield, who seems to have a clean record, was chiefly assailed by the Ferguson supporters on the ground that he was a tool of the Ku Klux Klan.
 One conclusion that may be drawn from the run-off in Texas is that Texas voters are opposed to putting a man back in public off, flee after he has retired under cloud Joe Bailey, with all his personal magnetism and his intellectual gifts, tried it and failed. Fer guson has shared the same fate.
The Birmingham age-herald., 1922-08-29
SUCCESSFUL PoULTRYMAN

"J. A. Collier of our town does busi- ness of $20O,O00 year in chickens, butter, eggs and the hke,' said Samuel H. Leath of Boaz, president of the Alabama Merchants associaton. "He has beep in the business 25 years He buys up the eggs, butter ana chickens of the farmers around Boaz and ships in wholesale quantities to such centers as Birmingham. In fact, he ships eggs and chickens in carload lots to New York in the early spring, when prices are good up there.
 "Mr. Collier pays the farmers good price for their products and they are glad to deal with him because he is the square and al- lows them as much as is reasonable, according to the market to which he must sell in re- turn. He has gradually built up large busi- ness until, as I said he does one of $2oo,ou0 year. Pretty fair for little town like ours, is it not?"
The Birmingham age-herald., 1922-08-29
HOTEL RATED 100 PERCENT

"In The Age-Herald's Montgomery report of today I note that the Empire hotel of Birmingham was omitted from the list of ho- tels given a 100 per cent rating by the state inspection service of the board of health, 1" said I. L. Fabian, manager of the Empire.
 "There were only about half dozen ho- tels in the entire state given 100 per cent rating and naturally we proud of our roc ord The certificate to our hotel was based on the inspection made August Il and is signed T. A. Belser, inspector, and C.. 4. Abele, director of inspection of the state board of health"
The Birmingham age-herald., 1922-08-29
AS TO STRIKE SITUATION

"What seems to be final termination of the rail strike negotiations, without success ful result, has naturally been disappointing to the stock market, but this disappointment is somewhat qualified by the fact that the roads are steadily improving their personnel" ," said Henry Clews of New York.
 Granting the cooperation of the govern ment in maintaining a steady movement of freight, it is reasonable to expect continuous improvement in operating efficiency, with the result that existing difficulties, both of coal and merchandise movement, will gradually be smoothed out.
 "The postponement of a settlement in the anthracite field has naturally been disagree able, but there appears good reason to think that in that branch of the negotiations also an early adjustment can be arrived at on some basis"
The Birmingham age-herald., 1922-08-29
 INVESTIGATION AT HERRIN AT LAST BEGUN

With proverbial slowness, legal prepara- tions have been completed at Herrin, Ill.,, to convict and punish the persons responsible for the Herrin massacre. The state of Illinois will make belated effort to clear it's good name by meting out justice in "bloody Will. liamson'' county, where score of defenseless men were butchered after they had surren. dered in circumstances of such brutality that similar scenes have probably not been wit. messed in this country since the days of In- dian uprisings.
 Attorney General Brundage of Illinois has charge of the investigation and he is assisted by a number of able lawyers He says he al- ready has enough evidence to obtain indict- ments against Several persons" It is thought in Herrin that about 200 names will be in- volved. Lawyers for the miners are also watchfu and are expected to defend any mine union members indicted
 Outside lawyers may be able to get all the evidence necessary and indictments may be returned but it will be difficult matter to obtain single conviction in Williamson county, unless the temper of the people at Herrin has undergone radical change. While one of the worst crimes in the country's his- tory was being committed local officials of Herrin and county authorities apparently did nothing. On the contrary, they were sus- pected of being either the victims of cow ardice secretly in sympathy with the mob.
 Herrin has never yet shown . repentant mood. It seems to think that the murdered men got what they deserved; that it was not the business of outsiders to interfere in Her rin's lawlessness and instead of having com mitted grievous wrong, the mob did a good days work.
 Because of these factors the progress of MT. Brundage's investigation will be fol- lowed with misgivings. Trying Herrin mob leader before Herrin jury doesn't promise a full measure of justice
The Birmingham age-herald., 1922-08-29
THE PRESIDENTS LITERARY AND
 ORATORICAL STYLE

From the Montgomery Advertiser.
 It was the misfortune of President Harding to follow in the presidency two vivid and remarkable personalities, Woodrow Wilson and Theodore Roosevelt. Among their other gifts these two men had the ability to~clothe striking thought in powerful, sinewy English. Both were gifted as speakers and writers.
 It was inevitable that President Harding's style as a writer and as speaker would be scrutinzed and compared with his personally brilliant predecessors. They had, as it were, set the fashion for presidents. The President naturally could not measure up to the stand talented men as Wilson and Roosevelt. He had not been long in the office before there were jokes and criticism over his somewhat involved prose.
 These were revived by his recent speech before Congress on a subject of vital inl- portance. The correspondent of the New York World deals at some length with the literary and oratorical gifts of the President. He says the President speaks better than he writes. He puts it this way:
 Although the. President has been an edi- tor the greater part of his life the pen to him is less flexible medium of expression than the spoken word, as it is to most men. He is less conscious when he speaks than when he writes. The translation of his thoughts into words is rather frightening to him.
 As an orator the World correspondent has this to say of the President:
 ''Until MT. Harding came to the presidency, one of the things to which he gave least thought was his oratory. He made no pre- tensions to being great orator, but was aware he possessed certain ability to de- liver his message. Nature had been gener- ous to him. She gave him fine presence and good voice; but in his throat were no
The Birmingham age-herald., 1922-08-29
LONDON TIMES WILL NOT LOSE ITS PRESTIGE

The fate of the Northcliffe press hangs in the balance. The dead publisher, who was for many years one of the most powerful fig ures in the political life of Great Britain al- though he cared little for political honors, himself, left two wills and reports from Lon- don indicate that there will be fight over the settlement of his estate.
 Whatever happens to the Northclffe press, as a whole, there need be no fear that the London Times will cease to be British in- stitution. The British people have looked to this great newspaper long for information and guidance that if it should lose the posi- ton it now holds it would be regarded as national calamity.
 Just as Northcliffe was sobered by the re- responsibilities he assumed when he bought the Times, an event which had much to do with shaping his subsequent career and caused him to revise or, at any rate, to curb some of his moro radical tendencies, no matter who gets control of the Times, it will probably continue to maintain it's high rank among British news- papers and uphold the traditions which have made it famous. There may be some changes in it's political policies, but otherwise it will be the same old 'Thunderer."
The Birmingham age-herald., 1922-08-29
LOCAL MAN PRAISES OLD HOME

B. c. Mccoy of Birmingham, former Pen sacola man, who, with Mrs. Mccoy and their four children, have been enjoying camping party and visit to the old home of Mir. Mc- Coy at Pensacola, in an interview in the Pen- sacola News of recent date, says in regard 70 Bayview Park, which is one of the attractions of the Florida city:
 "If Birmingham had Bayview Park the hill- sides would be crowded every evening with families having picnic suppers on the banks and enjoying the bathing and boating on the bayou Man alive! don't believe the peo- pie of Pensacola have any idea how fortunate they arel When was here ast summer was struck with the fine business conditions as compared to other places in the south-so much building going and many firms opening up. But when l would speak of it to business men they they would seem surprised. They did not seem to realize how much better off Pensacola is than most towns
 'We came here few days ago from Camp think Camp Walton is great, but l want to tel you that here in Bayview Park you have resort that puts it any place I know"
 Mir and Mrs. w. W. Stanford and baby daughter, Mary Grey, and two nieces, Edna and Margaret King, are also with Mir. Me Coys party, which made the trip from Bir- mingham to Pensacola by auto and is en- camped at Bayview, three tents making the temporary home of the Alabamians.
The Birmingham age-herald., 1922-08-29

velvet notes, there was no silver chord to move oreat crowds to tears or to arouse their frenzy; he could not play emotion as great musician can reach the soul but he could make campaign speech that would be listened to attentively and hold the interest of meeting or make speech in the Senate that if not better was certainly not inferior to the speeches of a great majority of his colleagues, or deliver the keynote at con vention which had just the right touch for the occasion"
 This brief description of the President as an orator recalls dramatic occasion on which President Harding addressed selected party of Alabama newspaper men on his visit to Birmingham last fall at private dinner at the Tutwiler. All the correspondents said of President Hardings attractive personality and strong physique was true. He looked every inch the President. And he made a good speech and an interesting speech, but it did not stir and move his hearers It was clear, concise and understandable, and peculiarly interesting because President Harding was telling fellow members of his craft of some of the difficulties he had encountered as nD. tory which the World man notes was distinctly noticeable The flow of oratory was level, too level; there was no meditation to his voice.
 It was altogether more noticeable because Bill Brandon was the only other speaker of the occasion and he used that magnificent voice of his as a great pipe organ to play upon the emotions of his hearers. The Alabamlan had the tenderness and human appeal that was lacking in the voice of the President There probably was not as much meat to the speech of Judge Brandon as that of President Harding, but the flexible range of his voice, the human appeal in it moved his hundred hearers much more than did the monotone address of the President. It was such speech as sticks to the memory of the nearer, dis tinguished because the speaker was gifted by nature with a pliant voice which he knew how to use to affect the emotions of his hearers.
The Birmingham age-herald., 1922-08-29
POINTED PARAGRAPHS

From the Chicago News.
 It is better to be also-ran than . left-at-the-post.
 Women will never love each other as they do their fellowmen
 If man is color blind he can't tell white lie from black one.
 Nobody likes grouch, but lots of folks act as wet nurses thereto.
 Yes, George, art is long, that's why girls finger in front of mirrors