davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-11-08
FINANCIAL

HENRY j. LEAKE, AuctioneeY.
REGULAR AUCTION sALH
STOCKS AND BONDS
BY ADRIAN III. MULLER g SON.
wGDNEsDAY, pSiSI; y NoVEMBER sth. 1879.
EXcHANGE sALEsRooMs.
NOS. Il and ls vEsEY STREET.
For Account of Executors:
1925 Ctf of Deposit.
20 20 s,s shs. Geneva @ Cutlery corpn prefd.
20 shs. G. segle Corpn. of America LIST
shs: G. slegle corpn. of America I'd
s5 shs. sewanee Fuel & Iron Co.
100 shs. Union Oil Company pretd.
SO shs. Union Copper Mines Co.
200 shs. Bay State Gas Co.
so shs. Nevada-Uteh Mines smelter
For Account of Whom It May Concern:
s5 shs, STANDARD Coupler Coupler Co GO prefd
$500 Note of California Alkali Co. dated
May 4th, 1920.
$1,000 California Ailsal Co. go 3D.; July,
1921. coupons attached.
''''N' Mtge. & Col. Trust Notes: April,
1919. coupons attached.
SO shs seaboard Steel & Manganese
ssA .shs. Deep Sea Fisheries. 1no.. v. II.
1913 shs. Duhring Development Co.
1000 shs. EdmonGs Midway OIL Co.
90 shs. Orange Country Traction Co.
common.
10000 shs. Crews McFarlan Mining Co., Ltd
1884 shs. Buck Creek OIL Co.
$50 shs Tyson s. Co. prefd.
$50 shs. Sound Realty Co., 5o% paid.
1914 shs. First National Bank Of frank
lin, Delaware County, n. Z.
so shs. Moline Plow Co. Trust I'd prefd.
Trust Ctr
1000 shs. Manhattan Petroleum Co.
zoo shs. American OH Engineering ccrpn.
common, subscr.ption Receipt.
shs. Yale Leasing Corpn.
ESQ shs Cathrtne Curtis Corpn. common.
2so shs qathSine csrtis eprgn prstd
cety (Delaware) prefd.
s1s,64s.sa Accounts Receivable OF Mitchell,
s7e 600 shs. Peruvian Copper q sinelting Co
". 7. G.
1000 chs simpson Crawford CO. LIST prefd,
$40 900 Coast { Lakes Contracting Corpn.
So Extended Notes, due 1917.
100 shs. National Drug storea corpn pfd
100 shs. National Drug stores corpn,
100 a.iiyH shs Wayrnap oil s. Gas Co. !.
so shs. Mo3u Rubber Plantations &
20 shs. Princess IRON corpn. pretd. ".
20 shs. Cast Steel Ship Corp p.efd. r.
shs Cast Steel Ship Corpn. common
100000 Long Acre square Theatre Co. 1st
Mtge. sGs Instaiiment Bonds. with
SO instafinent coupons due Feb i
l921, s25.5l each and i20 instal!
ment coupons due Aug. !, 1921,
S2h.55 each. N
los ghs North American Transportn. Co
"a shs The Hawthorne Co. common.
$500 State Telephone Co. 1st Mtge So 3D.
1913, February, 1904. coupon at
tached.
shs. American Citiea Co. prefd.
shg. Fraser Tablet Co. 1st prefd.
shs Frazer Tablet Co common.
8 shs Lone Acre OIL Co.
sh American Barrel B Pack. Corp
100 sias Eastern Consolidated OIL Co
10 sns American De Forest Wireless
Telegraph Co.
New-York tribune., 1922-11-08
DISSOLUTION OF MARRIAGE

SUPREME COURT. NEW YORK COUNTY
AGNES JEHLE, plaintiff. against
RALPH E. JEHLE. defendant. Action to
dissolve marriage on ground of absence.
TO RALPH e. JERLE. husband Of AGNES
JEHLE: You are hereby notified that q
this Court by your wife, AGNES JEHLE,
asking for an order dissolving the marriage
between herself and yourself, pursuant TO
Section 6, Subdivision IA of the Domestic
Relations Law, and thRt the proof of the
facts stated In said petition will be presented
Justices OF the Supreme Court OF the State
of New York, to be held IN and for tho
County OF New York. st Special Term, Part
III thereof. in the Borough Of ManhastaS
City of New York. en- the I'd day of Janu-
ary, 1898, at 10 o'clock In the forenoon
of that day or as soon thereafter as coupsel |
can be heard, and that in case OF your
be made fo- the relief demanded Ia the
said petition
Dated New York, October 9Th, 1898.
PHILLIPS. JAFFE & JAFFE, Atter.
neys for Petitioner, 1170 Broadway,
New York City. Manhattan Borough.
To RALPH e. JEHLE, defendant: The
foregoing notice is served upon you o.
James o'Malley, Justice Of the Supreme
Court of the State Of New York. dated the
9Th day Of October. 1922, and filcd with the
petition In the Office of the Clerk of the Su.
preme Court of the County of New York,
the County Court House. Borough OF Man
haitian, City. County and State OF NJ
York.
Dated New York. October etn. 1872
PHILLIPS, JAFFE & JAFFE, Astor
reys for Petitioner. Once and Postofnc
Address, ITO Broadway, ". T. City
Manhattan Borough.
New-York tribune., 1922-11-08
Draft Measure to Inquire
Into Ownership of Pur-
chasing Agencies Which
Evade the Export Tax

BERLIN, Nov. IA bill directed
against the operations of buying agen-
cies incorporated under German law
but controlled and financed by the
American stores for which they act is
now being prepared for presentation
to the Reichstag, it was learned here
to-day. The contemplated measure
against the so-called American buying
agencies is said to emanate from sew
eral influential local exporters whose
American trade has been heavily re-
duced by the more direct buying opera
ticns Of various groups of retail enter
prises in the United States.
Exporters here contend that by or
ganizing limited companies under Ger
man laws the American retailers re-
cover the difference in price between
the wholesale home market value and
the higher price fixed by the various
export bureaus, and, further, that ex-
penses of buyers coming to Europe can
be charged up against the German cor
poration, thereby evading the taxes
which the domestic houses assert they
are compelled to pay. 1t is reported
that the proposed bill will call for a
complete inquiry into the actual owner
ship of all limited German corpora
tions whose activities are confined to
the purchase of goods for foreign GUS
toners.
Considerable concern was expressed
by American store groups ard buying
companies which are big operators in
the German markets upon hearing Of the
proposed measure which German ex-
porters are trying to put through in
order to restrict the activities OF Amer
ican-owned buying organizations In
Germany.
Goods Corporation, the Associated
Merchandising Corporation as wei, V as
stores which have incorporated sep
arate companies abroad TO carry RI " on on
their business there, would be afrectea :,
by the proposed restrictions. It Is
known that at least one of these buy
ing concerns has got in touch with Ter ar
man government officials on the matter.
It is felt that these proposed. restric-
tions would considerably handicap the
activities Of Americans in = germany, ai I,
which the new American tariff ALREADY
has made difficult.
New-York tribune., 1922-11-08
sayines Bank suggested

1luestion---Arn business woman and
have saved about $1,000, which want to
inves. and have been advised by some
friends to buy stock In the Eastern Pc
troleurn Company, newly organized oil
company, with offices at Rector Street,
New York city, and property with valuable
oil wells somewhere in Kentucky. Have
been told that the prospects OF this COM
pany are 40 good that this stock would
pay me as high as 2b per cent In dividends
in a reasonable length OF time. OF course
this sounds almost too good to be true, but
il it 10 phould like 10 take advantage OF
Ii and purchase this stock. but as con-
slant reader Of your paper ! am asking
your advice. as this money Ia all ! have
and has been earned by hard work. Do
you know anything about above company
and the value OF it's stock ?--M. II. N.
Answer Eastern Petroleum shares
have sold at auction recently at Z and
are quoted at 2 bid. offered ct !, at
present. If you take into consiaera-
tion the present low price Of oil, we
think you will realize that the spseuls, @ D,s,,
ton some one is trying to induce you
20 try would be most hazardous. A
savings bank is the proper place for
your funds.
New-York tribune., 1922-11-08
Navy Orders
From, The Tribune's Washinoton Bureas

From The Tribune's Washington Bureau
WASHINGTON. Nov. Navy orders
to-day follow:
Giles, Com, w. j., to U. s. s. Utah.
Wright, Com. @. b.. to Washington.
Flanagan. 1t. q. 60 H. c.. to U. 8. S.
Chewink.
McTwlggan. LIT. q. g.) ]. H., to New York
Stoddert, Ems. F. B., to u. S. g. Birming-
Van Horn, Ems. C. W., to U. g. s. Gold
whited. Ems u. A.. to San Franctsco.
Whitlner, Ems. p. r., to u. s. s. Chewtnk
Bailey. 1t. w. O., to Washington.
Sale, 1t. j. J., resigned.
UIen, lit F. jr., to 18th naval district.
Jewett, Capt T. s.. to Portsmouth.
Breyer, 1t. c. H.. to General Insp OF Sup
ply Corps East Coast.
Hake, Lit. III. F., TO New York.
McMullen, Lit. A. J., to Atlantic fleet
Bates, 1t. G.g.) s. L., to Portsmouth.
Betton, It, (j. g.) M. r., to Washington.
Cavanagh, 1t g. g.) j. W.. to Norfolk.
Dancer, 1t. q. g.) L.. to Hampton Roads.
Hdson, 1t q. 3D. s. r.. to Portsmouth.
Fox Ii q. CD C. W., to Philadelphia.
Kastenbein. 1t. q. g) G. E.. to Washing
kirk, 1t. q. g.) C. D.. to Boston.
Lehman, 1t. q. CD H. r.. to Washington
Pittman. Lt q. g.l L.. to Washington.
SPARKS 1t q. g.) ID. f., to washington.
Uraubart, 1t. 81 g) A. W. to Phila-
carrniehasl. nrapsiaa Com. 4. W.. to New York.
Geissert, Gun. r. A.. to q. 8. &. Colorado.
New-York tribune., 1922-11-08

majority of Colorado & Southern com.
mon STOCK, and in addition owns sub
stantiat blocks of the preferred.
ne eompany's two preferred stocks
in the order OF their priority are en-
Slsied 10 receive per cent non-cumu-
iatiye dividends. Dividends ON ths
nfss preferred were begun in 1900 at
sle rate OF two per cent. They varied
N tahount to 1905, when nothing was
p&id. From 1906 to 1913, inclusive
: per cent yearly was paid, but moth
ing IN IVA and 1915. Then per
cent IN l9l6 and four per cent there
after up to the present time.
The second preferred began pay
ments in 1907 at the rate Of four per
eens ana continued the same through
1919, after which nothing was paid
until 1917. from which date the regular
Iour per cent rate has been in force,
inc common stock paid its first divi-
dend OF per cent In 1908 and con-
.inued at the same rate through 1912.
In the following year / per cent was
paid and nothing thereafter until 1921,
when the stock received dividend of
three per cent.
Margin of Safety in Earnings
In the table below, the margins Of
| safety shown above interest and divi-
dends represent the percentage that
the income available for these pay
ments could decline and still leave just
sufficient to cover the annual require
ments. Thus in 1912, if total income
| mad declined per cent, just enough
would have remained to pay interest
charges, preferred dividends and the
2 per cent paid in that fiscal year on
the common stock. A decline Of 18 per
I cent in total income would have elimi-
mated all earnings for the common, but
would have left enough to meet the re-
| quirements on both preferred stocks.
a decline of 26 per cent would have
wiped out all earnings on the second
preferred stock, but left the first pre-
ferred requirements covered. But a
/ decline of "a per cent would have left
only enough to cover fixed charges.
The minus eight in the second pre-
ferrcd column in 1914 indicates that
total income in that year would have
had to increase 8 per cent in order
fully to cover requirements on that
stock. No figure is shown for the COM
mon stock, as no dividends were paic
in that year. The plus thirty three
against the common stock for the year
1922 is the indicated margin above &
dividend OF per cent, the same that
was paid in 1921.
The Colorado & Southern manage.
ment has withheld dividends in years
when earnings would seem to have
warranted their payment, preferrinl
to pillow the entire surplus back inte
the property in order to build for the
| future.
New-York tribune., 1922-11-08
An Old-Time OIL stock

Soeatlon---Aware how expert you are In
answering all questions relative to gacuri-
yes. and having read carefully your In
ss9s re9s.nsnt Information in The Tribune, I
saae tho liberty to write you in behalf Of
perS fourd stock certificate rnado out In
me name OF her deceased sister for tsven.
Petroleum Company. dated November tG
1853, and signed By Arthur T. Hurd. secre-
tary and j. G Dayton president I think
tne stock certificate states that A. is o
New YORK corporation. Can you inform me
whetner this stock certificate is OF any
Ansver-Excelsior Petroleum ID listed
less"
New-York tribune., 1922-11-08
Bresdon Meets Powers

There will be action galore tonight
at the 47th Regiment Armory, Hayward
Street and Marcy Avenue, Brooklyn,
when Murray Bresdon, the hard-hitting
A. E. F. fiyweight, meets Tommy Powers,
Of Brooklyn, in the feature bout Of
twelve rounds. Danny Howard, of the
East Side, Is booked to try conclusions
with Jimmy Barry, Of Williamsburg, in
the semi-fnal contest of ten rounds.
New-York tribune., 1922-11-08
FINANCIAL MEETINGS
CHR R.rETI.aNn q Contp.Nv YNS,

CHR. BJELLAND & COMPANY, INC.
A special meeting of the stockholders oi
Chr. Bjelland & Company. Inc, will be hello
800 o'clock P. M, at the office of sucf
Company at No. 11o Hudson Street. in the
Borough of Manhattan, City, County and
State Of New York. for the purpose OF
voting upon proposition to increase the
capital stock Of such Company from Five
Thousand $4,000 Dollars consisting OF
Fifty (60) shares OF the par value of sI0t
each to Fifty Thousand $50 ooo) Dollars
to consist of Five Hundred (50O) shares oi
the par value of One Hundred (s100) Dol
lars EACH
CHR. BJELLAND, President.
HENRY H. LANCE, Secretary.
New-York tribune., 1922-11-08
CHANGE OF NAME

NOTICE is HEREBY GIVEN that a. snec,e]
HEDGER JENKs coMPANY. " INcopo. g.
RATED, will be held at the office of the
Cooperation. No. 2b Beaver Street, New York
City, on the 18th day OF November 1922. et
o'clock in the afternoon, for the purpose
OF taking q vote on resolution to change
the name OF said corporation from w. E
RATED, to W. E. HEDGER COMPANY
INCORPORATED.
November ]. 1922.
w. q. HEDGER.
President.
e. ]. CoWAN,
Secretary
New-York tribune., 1922-11-08
Army Orders

From The Trabune's Washington Bureov
WASHINGTON. Nov. Army orders Is
sued to-day follow:
Infantry
Vernon, Capt. P. McC.. to Long Beach
Steward, Capt. W. H., to Oakland.
Phillips. Capt. w. c.. to Manila.
Howat. Lit. j. B., to Manila.
Field Artillery
Pendleton, Maj. w. A., to Panama
Parkhurst. Maj H., to Honolulu.
FitS, Maj. II. G., to Lacrosse.
Medical Corps
Schirch, Capt. G. j., to Panama
Brown, Maj e. H., to Walter Reed Hospital
Miscellaneous
Hamilton. LIT. ]. c.. Sig. Co., to Fort
Huachuca-
Drinkwater. Capt. j. G.. Eng. to Chester
New-York tribune., 1922-11-08
Investment
Information

Qaesticns 81 general interest Ia s,,-
vestors scil' be answered In tAis coll
sssnss, IN schioh casc only initials apiu
oe ased. Others w,il be anssecysd bv
snan. Address all inquiries. inolos-
snp stamped. addressed enuesope. to
Financial Editor, The Tribune. Isl
ndssu1 Street, New York City.
New-York tribune., 1922-11-08
DISSOLUTION NOTICE

DISSOLUTION OF PARTNERSHIP
NOTICE IS HEREBY GIVEN THAT THE
partnership lately subsisting between
RYLAND 8. KNOWLES and A. DEXTER
GAIL, JR., under the firm name of
KNOWLES & GAIL, 202-204 Franklin
Street, New York. was dissolved on the 31st
All debts oWng ia the said arta are
to be received by said Ryland S. Knowles
and all demands on tho said partnership are
to be presented to him for payment, at 262
Franklin Street, New York City.
RYLAND S. KNOWLES
A. DEXTER GAIL. JR.
New-York tribune., 1922-11-08
Rezdek Not TO Lead PhiIIies

Another baseball rumor was spiked
last night when William F. Baker,
president of the Philadelphia National
League club, denied that there was
any truth In the report that Hugo
Bezdek, director Of athletics at Penn
sylvania State College, had been Of
fered the management of the Phillies.
New-York tribune., 1922-11-08
Soccer Girls Return Home

The All-English girls soccer team,
which has just brought to close sue
cessful American tour, during which
the English girls in competition with
mems teams won four, drew two and
the White Star liner Adriatic, sailing
from New York on Thursday for
Queenstown and Liverpool.
New-York tribune., 1922-11-08
Philadelphia Soccer Victors

philadelphia carried off the honors
in the intercity soccer match with the
New York Football Club at New York
Oval yesterday afternoon, when the
fast team Of the Fleisher Yarn Football
Club scored fine victory by S goals
TO A.
New-York tribune., 1922-11-08
specul.tins at Muscle Shoals

Question--Would like to have your ad-
vice about Muscle Shoals property. also
DO You think Henry Ford Will get the plant
there?-T. S.
Answer---We have no means Of know
ing who will succeed In securing the
development at Muscle Shoals. Ex-
travagant prices for lots are being
asked by firms who have acquired
tracts Of land In the vicinity. We do
not recommend buying the lots offered.
New-York tribune., 1922-11-08
TEMPORARY BOND
Bearing the distinguishing letters TN
1895

Upon surrender of each of the above listed
Bonds SO drawn for redemption at the Office
of J. z. Morgan & CO, Sinking Fund Trus-
January 2, 1923. payment will be made of
the redemption price of ios9S of the prin-
cipal sum. All such drawn coupon Bonds
surrendered must have attached the coupons
maturing July l., 1923, and subsequently.
All such drawn registered Bonds must be
duly assigned in blank. The coupon on such
drawn coupon Bonds due January l.. 1928.
may be. detached and collected and the in.
terest then due ON such drawn temporary
Bond will be paid In accordance with the
terms thereof Interest will cease ON ali
such drawn Bonds from and after January !.
1928. ANY of such drawn Bonds may be
converted into stock of the Corporation. az
provided in the aforesaid Indenture,. on or
before January g., 1923, the said date OF
payment of the redemption price.
Dated. October 80. 1929.
CERRo DE pAsco COPPER
CORPORATION,
BY H. EsK MoLLEs. TysssKssv.
New-York tribune., 1922-11-08
PUBLIC NOTICES

BY VIRTUE of {5) executions, I will sell
November 5. 1922, 9 A. M. at 124 West
goth Street Manhattan, IS horses. s
double trucks. 8 single trucks, safs, 9
desks, IL sets of harness lot of old har-
ness l typewriter. adding machine. Q
auto trucks q "a Tons) Motor No. 1920
32513, License No. S27-624--9e1-353. In the
matters of Freedman W. Rankin Trans
fer Co, Inc.
HENRY VAN LEER.
Marshal
New-York tribune., 1922-11-08
Growth Of Revenues
7s% $50
sEstirnated. .

Earnings for 1922 are estimated,
these estimates being based on the
normal seasonal variations of both
gross and net taken in conjunction
with actual earnings to date Of latest
monthly report. e.
1t will be noted that while the capi
talization has actually decreased dur
ing the ten years earning power has
increased substantially.
Dividend Record
The Colorado & Southern was in
corporated in 1898 as successor under
foreclosure to the Union Pacific, Den
YER & Gulf and Denver, Leadville G.
Gunnison Railways. In 1908 the Chi
cago, Burlington G. Quincy acquired a
New-York tribune., 1922-11-08
Liyerpooi Cotton Market

LIVERPOOL, Nov 7.--Cotton.Spot
in limited demand, prices steady. Amer
lean middling, fair, 1s.74d; gooa mla. 9.
middiinr. 14.s4d; low middling, 1860;
rood ordinary, 1s.s9d; ordinary, 13.b4d.
Sales. 10000 bales, including 1000
American. Receipts, 5000 bales. in,
Guiding 500 American. Futures closed
New-York tribune., 1922-11-08
Tnndon Metal Market

LONDON, Nov. standard copper
spot, gsS 12s Cd; futures. S64 IS % /;
electrolytic, spot, s70 los; futures, 5t1;
tin, spot, Elsa ITS Sd; futures. aioe eos y
90 Cd; zinc, spot, SGT I5s; futures
New-York tribune., 1922-11-08
Financial Item,

Noyes q Jackson. members of the New
York Stock Exchange. have moved their
New York offices from the tenth floor OF
42 Broadway to larger quarters on the
ninth door OF the Same building.
New-York tribune., 1922-11-08
sURRoGATEs' NOTICES

WILLIAMS MARJORIE L.--IG PURet
ance of an order OF Honorable john
cohalen, Surrogate of the County sf
New York, notice Ia Hereby given 20 81
persons having claims against Marjorie I.
deceased, to present the same. with voushs
ers thereof. TO the subscriber. ct nis piacs
Parsons, Gleason "a McIlvaine. No. So vii.
liam Street. in the Borough OF Manhxftan.
tni the City of, New York. N. T., on ey BE-.
fore tho 18th day OF January next,
Dated New York. the 18th day ct July.
1879
JOSEPH HARvEY IsADEw, Executor.
PARSONS, CLOSSON IL MILVATNE, Al.
torneys for Executor, Onice and Poet.
Office Address. 62 WILLIAMS Street. New
York, ~. Y.
New-York tribune., 1922-11-08

DELAFIELD. MARY COLEMAN, YN
pursuance of an order OF Honorable Sohn
New York. NOTICE is HEREBY OWEN
to ail persons having claims against MANY
COLEMAN DELAFIEL ID. late OF The
County of New York, ieceag4d, to pressas
the same with vouchers thereof 10 shs
subscribers. at thsir place OF trans ctins
Burleigh, their attorneys. at No, al
cedar street in the Borough OF Manhsttan.
IN the city OF New York. State OF NeS
uaYy. 1923.
Dated. New York City. ths asth ess
Of July. 1922
JOHN ROSS pELAFIELp. eu~
EDWARD G. DETsAFIELp.f 1AsessesA
New-York tribune., 1922-11-08
LEGAL NOTICES

NOTICE rs IIEREBY GIVEN that young
II BROTHERS, of sos Broadway on the isth
day of October. 1922. registered the trade
mark ROBIN HOOD for mems hats in the
Office Of the Secretary ef the State of New
York. YOUNG BRoTHERs. sos broadway
New York. N. Y.
New-York tribune., 1922-11-08
DIVIDEND NOTICES
MARTIN-pARRY CORPORATION

New York. Oct II, 1929.
The Board of Directors OF the Martin
Parry Corporation has this day declared a
dividend OF ffty cents tSoc) q share on
the capital stock of the corporation. pay
record November ID. 1929. The transfer
books will not be closed.
n NJ SMALL. President
New-York tribune., 1922-11-08
MEKGENTHALER LINOTYPE GO.

20 RYERSON STREET
Brooklyn. N. Y. November 1, 1929.
TO THE STOCKHOLDERS:
The annual meeting Of the stockholders OF
the Mergenthaler Linotype Company will be
held at the Office OF the Company, 20 Ryer-
son Street, Brooklyn, N. Y. on Wednesday
November Is, 1922, at eleven O'clock, A. M
for the election Of q Board OF nine Directors
ness as may property come before the meet
ing. JOS Il. MACKEY.
Secretary and Treasurer
New-York tribune., 1922-11-08
Cooperative Leaoue of Amor,,,

tivs Sussst,on.Is sino q contract In the co-opera-
ss sata hsaEue ,nw.s os sn.eties Of Pittsburgh Pa,
for an investor 20 give them sai.on s,oo mnrth la
Tor an average period of twen,v.four
Tsspth enths and at the end Of tims tSey
Answer--The cooperative League Of
america was organized In Pennsylvania
on October 3, 1916. A DESCRIPTION of
the plan Of this company, which calls
lor regular monthly payments for a
period OF ninety-nine months. would
not be complete without considerable
reference to the obligations of and re-
strictions made upon the sgner of a
contract. The risk involved to sub
scrlDer 10 principally confined to the
question OF capability of management.
IN TINS connection it may be stated tn at
the trustees Of the league. Charles y
Succop, John A. Clark and Harry J.
bovard, have had no active experience
IN managing company Of this kind, as
1T is only recently that organisation
nave attempted TO carry out operations
similar TO those of the league. Succop.
%ho IS believed to be a DOMINATING.
influence in the Cooperative League Of
America, is reported to have been con-
nected with several mining enterprises.
We consider sound management nee
essary essential to success of a COM
FsJ ~ Wis h1HQ. AILnOuRn lC Is re-
quired Of the company that $1oo, 900 in
acceptable securities be deposited with
the State Banking Commissioner, this
J IS no guaranty that a company with
contracts of considerable am mount will
I be capaaly managed. Any one inter
ested TO the point of signing a contract
should read understandingfy and con
slider carefully the many different pro
visions contained in the body of the
contract, and we would particularly call
attention TO the'fact that loan is not
obtained at 3 per cent, strictly speak
! ing, since no interest is paid on month
" installments Of members up to the
time the loaning point is reached
Moreover. person dropping out before
his fifth payment forfeits all money
paid in. No money can be made unless
payments are continued for the full
period OF the contract; dropping out
before maturity necessitates accepting
a return that Ia less than would have
been received had savings bank de.
posits been made. The contract offered
by this company is most involved, and
we do not consider it offers an espe-
cially desirable method for investing
New-York tribune., 1922-11-08
IixernnoI Wheat Market

LIVERPOOL, Nov. T.-Wheat.-Spot
No. q, red Western winter, los. 3D.;
No. g. hard winter, lis. Ad.; NO. i
Manitoba, lis. lid.