davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1922-02-16
ALABAMA POWER COMPANY IS FORMIDABLE RIVAL OF FORD

will face it's task Of reporting to the House the result of frs deliberations on the Ford offer.
 It appeared probable in view of these circumstances, said the chair man, that the committee would be engaged for another two weeks be- fore it would be able to refer the proposal back to the House. In the event Mir. Weeks submits the Ala bana compsny's proposal within that time, the two offers would be simul- taneously in the hands of the same House committee.
 Hear Governor Taylor
 Today's meeting was devoted to hearing testimony of Governor AL fred Taylor, of Tennessee in addi- ton to that submitted by Prof Mill ton Whitney, chief of the Soils bu- reau. department of agriculture The governor was accompanied by a delegation of Tennesseeans for whom he spoke in condemnation of the Alabama Power company. which, he declared, was opposing the offer of MT. Ford. He strongly urged adop- tion of the Detroit manufacturer $ proposal and declared no person, company or corporation which op- posed it was welcome in the state he represented.
 IT cN hCeNA hhbb lO DS nelQ on the Ford offer by the Senate agriculture committee were scheduled to begin tomorrow with the Tennessee gover- nor and Major General Beach, chief of army engineers, on the list of wit neeses. After they were heard tho committee expected to decide upon a program of future action involving the question of opening more pro tracted investigations and sending a q h wi ta@ fAL L.-
 the Muscle Shoals properties At the same time the House military com mtttee will continue its session with J. W. Worthing appearing in the in terests of the Ford offer and Theo- dore Swann of Anniston, Ala, as it's witnesses.
 Later in the day President Thomas Martin of the Alabama company is sued a statement summarizing the intentions of the Alabama Power company with reference to develop ment of Muscle Shoals.
 Tn formulating our plan" he said. we have sought to meet the reQuire- ments of the government; first, in the desire to produce cheap fertil- izers; second. to have nitrates avail able in time of war; third, to con tribute to the industrial development of the region, both by bringing in new industries and opening up navi- gation on the Tennessee river, and finally, to complete the project with out further expense to the govern ment.
 Financial conditions have so far improved that we are now able to offer to complete the Wilson dam and power project without cost to the government except for it's locks.
 We are assured by number of
The Birmingham age-herald., 1922-02-16

other. chatrman Kahn explained that it was the duty of the commit toe. acting in behalf of the govern ment's interests, to make a careful study of all offers alike in an effort to determine which was the best from the governments point of view. Chairman Kahn was uncertain how long the military committee would continue the hearings on MT. Ford's 8 offer.
 Many Yet to He Heard
 Witnesses yet to be heard include a number of the most important on the docket, such as Hugh Cooper. consulting engineer for the govern ment on the construction of the Muscle Shoals projects; attorney for the Air Nitrates corporation and the Alabama Power company, both of which claim optional privileges from properties at Muscle Shoals which they have declared their intention to exercise before the government de- cides upon a disposal of them to pri- vate interests; and Theodore Swann. of Anniston, Ala, an engineer au- thority on the Muscle Shoals con- struction work. After they are heard. Mr. Kahn said. the committee
The Birmingham age-herald., 1922-02-16
Saturday, February IS, Is the Las
 Day for "S-Words" Lists
How to Play

The picture to the right contains a number of visible objects begin ming with the letter "S" like saw, shovel, square, etc. Nothing-is hidden and you do not have to hold the picture upside down or side wise.
 Make a list of all the visible objects in the picture the name of which begins with the letter "S." It is a game for all-have the whole family join in.
 Fifteen cash prizes will be awarded for the Is best lists of words sub mitted. The answer having the largest and nearest correct list of visible objects shown in this picture starting with the letter IS" will be awarded first prize; ; second best, second prize, etc.
The Birmingham age-herald., 1922-02-16

Important industrial enterprises that If the power from this development becomes available to the public they will establish new plants and fac tories in this locality. This, with the rapid growth of industries in, the region which may be economically served--a territory larger than New England-is such that we are conh dent the entire power output will be promptly absorbed. If the Muscle Shoals power can be made available for everybody, we believe that not only will q number of new indus tries be established at and near Nil scle Shoals, but the industrial de- velopment of Alabama Tennessee, Georgia, North and South Carolina, and indeed the entire south, will be
 (COntinned on Last PAEel
The Birmingham age-herald., 1922-02-16
Not taSubscription a
 Contest

II IS IIUI II6CtSSdTy to SUDIIIIL a single subscription in order to compete in this contest. You may submit a list of "S- Words" and if it is awarded First Prize and you have sub- mitted no subscription, it woul dwin $35.00. But, to those who are interested in winning more than $35.00, we have made it possible. You can win $1,000. Read the paragraph below.
The Birmingham age-herald., 1922-02-16
Early Submission of New
 Proposal 10 Congress By
 Secretary Weeks Expected
Local Company Would Buy Warrior Power Plant and Lease for 5O-Years Other Properties Under
 Water Power Act
By Associated Press

Washington February 15Ey of the Alabama Power day the lists of private bidders for the governments properties at Muscle Shoals regarded by officials offering formidable rivalry to Henry Fords before final decision rey Weeks probably will expedite delivery the offer Congress that consideration the Alabama Ford be under taken simultaneously and their before final action taken the Muscle Shoals question The Alabama offer purchase of the plant and se for 50 of the other of the f~I~rw wlVwnta~
The Birmingham age-herald., 1922-02-16

@@mhnzz of the Houss military ceuannAtA Investigating the Ford of fsr tsARne4 with interest of the Ala bazna eUnpany's proposal but said they wouA not delay action on that already before them pending re esApt from the war secretary of the
The New York herald., 1922-03-04
COTTON MARKET
QUIET BUT STEADY
Near Options Easier at Close
Under Increase in Spot
House Offerings.

The cotton market was generally quiet
and steady yesterday. near options cas-
ing off slightly near the close under
late increase in spot house offerings.
Prices. which were to rs points net
lower at one time in the last hour,
showed a loss of to 13 at the final
gong. Dealings were featureless and
reflected the professional scalping char
acter of the present market. which is
apparently awaiting new developments.
There was not much for either side
to choose in yesterdays Liverpool ca
bles. which were about as expected. A
fair business was done In spot cotton
abroad, but Manchester reported yarns
duh and irregular and cloths quiet.
Spot holders appeared Indifferent to
present prices and bulls said that the
significance of yesterdays dullness was
the fact that the market developed no
weakness when left to drift under
purely professional activity.
Selling pressure by speculatively in
clined bears probably was checked to
a certain extent by bullish weekly sta
tistics. They showed spinners' takings
of 45.6S5 bales, in contrast to 1854
in the corresponding 1921 week. and a
decrease in the worlds visible supply
of 1917 bales and In the American
supply of 1e6.1i7 bales. Exports yester-
day We're 6,13S bales, making the sea-
sons total s.76s.3i5 bales. in contrast to
5,41a.312 In the corresponding 1921 period.
Old crop months seemed to be the
most pressed In the afternoon. March
dropping to 1877 cents. loss of IS
points from Thursdays close Delivery
notices were unimportant, being esti-
mated at five. Advices from Fall River.
while optimistic as to general character
of the goods situation, indicated a total
of only about 10000 pieces sold for the
week ended with last night
The local spot market was quoted as
is points net lower, at 1886 cents for
middling. No spot sales were reported
The New York herald., 1922-03-04
NEW YORK CURB MARKET
MARC

FRIDAY. MARCH ., 1922.
The New York herald., 1922-03-04
NCREx.sE lN BUSINESS
rs SLOW AND IRREGULAR
Many Preparations for In
creased Activities.

slow and irregular but nevertheless
general Improvement is seen in the COM
mercial situation by the weekly trade re-
Jews. Constructive forces are exertins
o greater sentiment, It is declared. and
business depends so largely on sentiment
that the present hopeful expectations
are significant and are being reflected in
preparations for increased activities in
different quarters.
THE fact that purchasing is still
mainly TO cover nearby and well defined
needs tends to qualify the reports OF ini-
proving business" says Dun's Rcviefr
"but potential requirements are larger
and stocks OF goods have been thor
oughIy iiquidated In most instances.
While price unsettlement continues. to
check Demands in some channels. many
commodities have been 50 reduced In
cost .-as further important declines are
not likely to be Witnessed"
Developments of the week in trade
and industry" says BrGdstreess, have
been mainly favorable, and this despite
storms coverings wide areas with severe
cold. snow and sleet or heavy rains.
which have operated to render country
roads impossible and restricted retail
buying In all but few weather affected
lines to narrow proportions. Perhaps
the most important feature has been the
definite breaking Of the Southwestern
drought.
"Othcr notable events have been a
further slight gain in activity In whole
sale and jobbing lines, further expan-
sion of iron and steel buying, a con-
tinuance of the rise Of foreign exchange
rates. fair strength in stocks and a
strong and active bond market"
The New York herald., 1922-03-04
ARGENTINA SHOWS
ECONOMIC GAINS
Mexican Situation Better, bnt
Outlook in Brazil and Chile
Is. Unchanged.

WAsHINcroN. March s.--Improverer
Of the economic situation in Argent
and Mexico. but no change In the bus:
ness outlook in Brazil and Chile ws,-
indicated in reports OF the Departmen.
OF Commerce. made public to-day.
Commercial Artache Teely. cablirsa
conditions in Argentina said that with
increasing exports and restricted i'm
ports. rising prices for raw produce.
with. an outlook for a further iucreaae.
and lower prices for staples and sos-
ciaities than were current month ago
the economic condition OF the country
has greatly improved.
In Mexico conditions have slightly
improved. Assistant Trade Commis.
sioner Connell reported from MeAicr
city. Notwithstanding complication o.
the situation by the recent defec,iont
Of small military groups and the appear
ance of bands of guerrillas in various
parts Of the country
The national Government has pccn
experiencing financial difficulties," hc
added 1T Is also, reported that The ma
tionai railways are requiring Govern
mcnt aid In meeting operating cx-
penscs."
The improvement In. December, re.
ported in Chile. remained stationary irs
January and February. according to i
cable from Commercial Attache No
Queen. who said that a bettcrmcnt IN
the nitrate trade OF Europe and tho
United States was awaited before fur
ther Improvement could be shown
Failure OF conditions to improve in
Brazil was attributed by Commercial
Attache Schurz to cautious buying a,rl
selling, owing to the exchange sltud-
ton.
Exchange" he said. lis not firm
enough to encourage heavy buying, but
there is more activity In some lines. cs-
pecially building construction and tie
large Improvement works of the pres
ent administration. The trend of the
coffee trade remains about the sauao
except that other shipping companies
are following the example OF Isampo-t
4 Holt In cutting coffee freight rates
to obtain cargo. Despite these condi
tions. however. additional German shire
are arriving and the Lloyd Brasilero IS
extending Its services. The impcndins.
Presidential election and the uncertain'w
as to it's outcome Is to some extens
responsible for a certain amount Of
business depression"
Acting commercial Attacne DUNN for
Peru reported that an issue ~ out
standing Importance to the adjustment
OF Peru's more pressing financial prc!>-
lens had been solved by the authorza-
ton by, the Peruvian Congress Of Z.
Federal Reserve Bank. Unless modified
the bank will be one Of issue and re-
discount only.
Commercial Attache Arnold at Pekir
reported that new years settlement ~
China had brought about fewer fail
ures than anticipated. money and crehit';
hsd been easier and the bank rate lowe.
Those conditions apply also to Jarar
Commercial Attache Butts at ToNo
reported.
From the Philippines Trsde Commit
sioner Logan at Manila reported tH't
thc Legislature had passed importal
new legislation amending laws govcr''-
ing oil lands. the report OF Manila ana
automobile registration and operation.
The New York herald., 1922-03-04
FINANCIAL NOTES.

Rutter q Co. have prepared a review e
the position and tils outlook OF the St. ~.
Railroad. " contains a schedule OF ~ =
road. obligations with their due and into,
est dates aud their interest charges. Iraf
statistics OF tie road also are given In -
Th. London and River Plate Bank =.
has opened n branch at Medellin. coinnlr :
F-rpnl; iiailey. Joseph Y. B~ckcr, clisr
A. Boo,ly James &. Brady. N u. Brady. n
T.. Bridgnian. william &. Courtney. pa
r., Green. Walton Ferguson, George u. -
iaghcr, Adrian r. ISicrnan. Thomas ~. ~
ray. John y. RYAN. M. $. Sloan and W. q.
wells have been elected directors OF IT,
brooklyn Edison Company. Inc, TOR the cH +
suing year
DESIGNATED registrar Of the Public Natic
hank of New York's capital stoct.
trust company win receive snd deliver 4
certificates ~ tire stock.
rl,s y.n,iit able Trust Company nf New VI
has been appointed registrar of the c..v"."
Falls Corporations first preferred. preferred
"'n 1oscnh waiter 4 sars. mcr,he-s uf '',,
Ncu, yorl: stock Exchange, Ci Uroadw' 4.
hr vc issued n circrilar On the Missouri r. I.
F',,nn rnar;en Nev,or scicucs. ~. sc-r,p-i.
,Aith t'ic New York Stoei; Exchanro sirm -,
Low Tisoh c Co. has hecn anpointca inH :.
nqcr ~ tho Canadian Pond Corporation ~
Nav York which in- iurt opened it- io~ai
offices in 100 broadway.
The Guaranty Trust COMPANY Of .%.w
York trustee for tho Anaconda Copper ME-
ing Company secured scrier a q per 6
and series y : per cent. gold nnrds, ~, 9.
A. M. on March 10 offers ~ bonds OF Ls'
acree sufficient 20 exhaust $isS,IT0 at prls -
moi 10 exceed n price at which their rc.u =
based on their Weld from March 10. 1877. y
January 4. 1920. would hs less than g r'r
cent. year. -
on authority Of n fnesrano from tho Tres~-
urcs. of South Dakota. has announced itS ia.
coupons on the S6.00O. .0o0 OF South Oak ,ta
soldiers bonus bonds. recnntiy sold hero
nccauac OF an oversight when the state u
iets were made up no assessment was levied
for the bonds The coupons are being paid
from money transferred from other 'ax
funds. ~
wisner Miller. formerly with his hrothcg.
r.. Cfnton Miller and r-centy With t@e
rirnncc rnd Trading Corporation. w Win
Gilbert Elttt a Co
The New York herald., 1922-03-04
TO Demonstrate snk Making.

Loca. silk men are interested In the
travel show to be held In the Grand
Central Palace on March 20 TO April I.
inclusive, under the auspices OF the
Travel Club Of America. The show will
include an Industrial exhibition and con-
vention, and many American idustries
and foreign governments will be ex-
hibitors. Silk men here are particularly
Interested In plans OF the committee IN
charge to have women of China and
ether Oriental countries who reel sill.
be lght TO this country TO demonstrate
their native industries. American and
foreign steamship and railroad COM
panics will take part in the exhibit.
The New York herald., 1922-03-04
EXTEND DEPOSIT TIME
ON RIO GRANDE BONDS
Sutro Committee Advances
Date to M0rch 81.

Richard Sutro. chairman Of the coi:-
mittee representing owners OF the old
Denver and Rio Grandc Railways
per cent. adjustment mortgage bonds
and certificates Of deposit of the New
York Trust Company In respect to that
issue, announced yesterday that tie
time within which such bonds aud co.,
tificates of deposit might be depositei
with the American Exchange Nation|
Bank had been extended to March ~.
1922
Mr.. Sutro stated that his committee
had induced important action 10 pro-
tect holders OF those securities and
urged their prompt deposit TO assist
the committee In any further actiou
that It. might deem advisable in seek
ing better terms than those offered Tho
bondholdcrs In the Western Pacific
Railroads plan.
The New York herald., 1922-03-04
"B.rsnin Alley" Opens.

A novel way OF displaying sale mer-
chandise has been utilized by an out OF
town merchant with great success. To
center all bargain offerings in one part
Of the store he created a store within
his store. In which all sales offerings
were on display. The most used run
way. extending from the front to the
rear OF his store, was selected Tor the
purpose. The idea has proved SO popu-
lar with customers looking for ner-
chandise that the aisle has become the
natural bargain alley" of the whole
town and has been great help to him
by providing an outlet for unsued mer-
chandise
The New York herald., 1922-03-04
GRAIN MARKETS BY RADIO.
Chicago Board to start Broadcast-
ing Monday.

CHICAGO, March 3.-Market quotations
Of the Chicago Board OF Trade viii be
sent broadcast by wireless telephone at
half hour intervals on every business
day beginning next Monday, it was an
nounced to-day.
Directors decided upon the plan In
order to bring the market closer to
producers and dealers. The first quota
ttons will be Gent out at the opening at
80 over a $50 meter wave length from
the KYW station. Market news will be
included and the final bulletins will be
sent at / 10.
The New York herald., 1922-03-04
buyers Await Consumers' Demand.

Although a great variety Of merchan-
disc will greet early spring furnishings
shoppers. 1t is becoming apparent that
conservative factors In the trade are
determined to withhold purchases until
the consumers demand shall be evident.
n is pointed out that never before has
such a variety OF collars, shirts and
other accessory articles been offered
and that II the average merchant at
tempt to stock up on all styles he would
be left with a quantity of dead stock Oh
his hands at the end Of the season. The
policy Of picking winning features In
this years merchandise will be diff
cult one. it is said but that 1t will have
TO be done Is admitted by all merchants.
The New York herald., 1922-03-04
L,ttIe Activity In Gray Goods.

Another quiet day featured theN local
gray goods market yesterday. A small
amount OF business was transacted In
narrow print cloths, but wider fabrics
were without buyers. Printcloths Of
e.-60s declined "A cent, their closing quo
tation being 7M cents. Tracing In sheet
ings was limited to immediate require
ments. and buyers were inclined to
underbd the market. Little underscll-
ing by holders was evident. The burlap
market was without feature, a limited
amount OF trading being reported In
spot and nearby goods Prices were
firm and the Calcutta market was re-
ported as unchanged.
The New York herald., 1922-03-04
obligation. Of Contracts.

Buyers and sellers are under equal
obligations TO observe the sanctity of
contracts. according to a declaration
made in yesterdays luncheon meeting
OF the Credit Round Table Of Associa-
ton Secretaries. representing banking,
clothing. coal, fur. paper, toys and other
industries. A fundamental element o.
all trade is the contract. which should
bind equally the seller and the buyer. 1t
was pointed out. That II should con-
tinue to be said of the American busi-
ness man. that he delivers what he sells
and takes what he buys was the opinion
expressed.
The New York herald., 1922-03-04
Cut siIk Ties selling Better.

Actual sales OF silk and knitted neck
wear, as computed BY salesman for
prominent haberdasher. are estimated as
twenty Of the former to one Of the
latter. Price is said to he slight factor
in determining choice. Silk ties retailing
at $3.50 are reported as selling In
greater proportion than is knitted neck
wear Of that price. other merchants
report return OF confidence in the silk
ties. Striped ties In contrasting colors
are gaining headway In sales volume.
but all over jacquard designs are NOV
ing sluggishly.
The New York herald., 1922-03-04
BUSINESS NOTES
AND TRADE NEWS
Sales Of Government War Fur
niture Make Serious Trade
Competition. .

Large Government sales OF office
furniture are said to have caused serious
competition In sales OF manufacturers
ana wholesalers Stocks ordered by the
Government during the war are being
disposed Of through agencies at prices
below costs Tho opinion prevails that
business cannot return to normalcy un-
til the Government has withdrawn as q
factor In the selling. Office book cases
are said to be the best selling items at
this time, while the sale OF desks has
dropped to a purely nominal level
The New York herald., 1922-03-04
Call for Rag Rugs.

Dealers in rag rugs report business as
fairly active. Department stores are
said to be the largest individual class
OF buyers of them because Of the oppor-
tunities which they offer to hold utility
bargain sales Rag rugs, II is said, can
be made up in quantities to retail for
ST. Although profits from such rugs are
nominal. merchants have found sales of
them OF great value In attracting trade
There Is said to be little call for larger
sizes of rag rugs. but smaller thrown
rugs Of So by 54 inch sizes are in active
demand.
The New York herald., 1922-03-04
GENERAL BAKING PROFITS ur.

The annual report of the General Bnk-
ing Company for 1921 shows net profits
of s2,1s2,4s5 after charges and Fedcrsl
taxes. which compares with $1,0s6.22e w
the preceding year. Preferred dividends
of s4s4,046 were distributed. while
seas, 900 was paid on the common. Diy'-
tlcnds on other shares amounted 70
$4,000. leaving surplus for the year
Of $1.3f0.449.
The New York herald., 1922-03-04
object to SILK Rates.

A brief just issued by the silk de-
fense committee. an organization COM
posed of silk importers. sets forth OBJ
jections to rates for silk proposed in
the Fordney bill. The brief Is entitled
"A Protest Against Higher Duties on
SILK Goods and has been submitted to
the Senate Finance Committee. The
defense committee, in an editorial.
states that 1t is opposed to further
monopoly Of American silk. Colored
charts are used for illustration.
The New York herald., 1922-03-04

Q. 5. LAND BANK FARM LOAN B0NDs.

Q. $. LAND BANK FARM loan BONDS.
Yield
Bid Ask. Ab't.
tied. Land Bant n. L. IS.
Nov, 1871, op. '3f. ....... fo2% fc3 400
TIED. Land Bank r. l.. 3s.
May. fD4f. op. 3l....... .f02M 1851 400
tied. Land Bank. n. L. 5s.
May. 1858. op. '23........100h 10i s.50
fed. Land Bank r, L. ii&s.
May. 1889. op. 20. 0sia 1884, 465
flrod Land Bank r. L. AVS
Nov. 1888, op. '2s........ osis O9s, 4ej
tied. Land Bank i. l.. sMs.
May, 1887. op. ~. 2........ esk psM 4.6J
tNo. listed on New York Stock Exchange.
The New York herald., 1922-03-04
EXPORTS FROM NEW YORK,

bushels, 30o, 1888; rye. bushels, 42.3sO: beans
bushels, G.D00; flour. sacks. ff6.t,1: beef,
titrces, 2s bacors. pourds, f,23s 900; lard.
pounds 6,OTI.202 cheese, POUNDS. 10000
cornmeal barrels, GOO: oatmeal, barrels
ci0 grasa seed. bags. 300 alcohol, barrels
ITO. cottc!ieccd oil. pounds, 10000. iuDtt.
eating oil. griloas, fio.15n