davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1922-04-07
ISSUES ANALYZED

NEW YORK, April THE Inter.
borough and the Ma anhattan railway
stocks and bonds responded today to
the agreement which has been
reached between the representatives
Of the companies, which will avert
the receivership for the lnterborough
and clear up the uncertainty regard
ing the continuance Of the z per
cent dividend on the Manhattan pre-
ferred stock.
Manhattan preferred sold up ~
points to 44la; Interborough common
up a to 3&, and Interborough pre-
ferred up 1ts to 9t. 1t was in the
bond market, however. that the chief
display occurred, when the Inter.
borough 4n per cent certificates
rose 5h points to 16A, the ~ per
cent bonds gained 3,1 TO II, and the
Interborough refunding SIS sold up
to 81. gain of 8h points, thereafter
reacting to 661s.
Gulf States Steel was eagerly
sought In the early trading on re-
ports Of the increasing current bust.
ness of the company, coupled with
the fact that the management had
been able to reduce bank loans from
$150,ooO to 100000. with prospects
of entirely woping out these loans
in a week or 80. The stock sold up
to 761t, for a gain of over 4 points
and an advance of 6h points from
yesterdays low.
Royal Dutch has been increasing
In favor as a speculative stock, and
today sold up to a new high above
n
has received confirmation of the
exports proposed by the Dutch East
Indies colonial government.
A strong market has been built
up for U. s. Rubber common, a for
mer per cent STOCK which in it's
heyday sold up as high as IA. When
the dividend was discontinued last
year 1t declined to 40h. Current price
at 65A Is the highest for this year.
The final report for 1921 shows net
income Of only $492 ,811, necessitating &
a dipping into surplus to the amount
of $17,276,941 in order to pay pre-
ferred dividends and other special
charges, as well as to write off about
ten million in inventory.
The decision OF the directors Of
the Union Pacific Railroad to include
In the 1922 budget an item of $780,
900, 900 for construction OF shorr line
extensions and betterments to road.
way will add materially to the earn
ings OF the road In the days to come.
One Of the important contributing
factors to the success and progress
OF an empire-spanning railroad line
is a multiplicity Of feeders" which
are constantly bringing business to
the main line. Such a program not
only develops a railway, II also opens
up territory. Union Pacific stock, a
prime 10 per cent dividend issue, has
always been popular with investors.
and IL is now selling at its high point
Mt 1854. The preferred 4 per cent
stock is also In the investment class
at ~.
The Washington times., 1922-04-07
Bankers Meeting Called.

The District Of Columbia Bankers
Association will meet next Thurs.
day at p. m. in the rooms of the
Washington Stock Exchange, John
B, Larner. president Of the associa'
ton, announced yesterday. An
nouncements of the meeting, which
are being mailed to the member
banks by Victor B. Deyber, secre'
tary, state that one Of the principal
subjects to be discussed will be the
project to lease rooms in the New
Masonic Temple, Thirteenth and
New York avenue, as permanent
headquarters of the association.
Another important subject to be
discussed at the meeting will be
the 1922 convention Of the associa-
ton. Mr.. Deyber, who has been
appointed chairman of the general
convention committee, is expected
to announce the personnel Of the
committee. Whether the place OF
meeting and the date will be an
nounced will depend upon the avail
ability Of hotel accommodations at
tho places under consideration.
The Washington times., 1922-04-07
Local Wholesale Prices.
Friday.


EgGs-strtcfiy fresh. selected. per dos-
en-. Is; average receipts, IL; south
Live poui.rS-- Roosters. per ID. IS:
turkeys. per lb., 5000; chickens. winter.
per ID. to@<6; spring chickens, per ID.
eo070. keats, young. each PeQso; fowls,
rs
Dressed poultry-Fresh- killed, winter
chickens. per lb.. <o0%S; hens per h.,
3s02S: roost.rs, per h., 50; turkeys.
per lb.. 1b0AB: keats. young. each 80.
Psrk.Dressed. small. per h., II:
Live stock-Cslves, choice, per ib.. 9.
Lambs. choice, per ID. is. live hogs.
per ID, IL.
Green truit-Appiss. Pc bb... Sco0
100; per bu. buskst. 7.bo63.2S: west
ern, per boz. ..7k0Abo. California
oranges. per crate. 7.oo@75o. Lemons
per box. S.oo0S6e Grapefruit, per box.
3beobee. Florida oranges, 1.os0s.So.
Vegetable Potatoes. No. I. per bbl..
$500: per sack, s.o0@3.5o. Sweets.
s.ooe<6o. Lettuce. southern, per crate.
2.oo9k.oo. Romaine lettuce, 2.oo@ 2.bo.
Cymblings. per crate. S.oo46.o0 Oo,ona.
1oo-lb. sack, 1o.ooa11.bo. Cabbage, new,
per cwt.. ,.Uo0s.oo. Cucumbers 5000
500. Esstlant.: per crate. a.ooeseo
Tomatoes. per box. Florida, 2.Se036e
Beans, 2bo04oo per basket. Sprouts.
269so per at. Peppers per crate. 2.bo9
500. Kale. Bo01.o0.
The Washington times., 1922-04-07
LIBERTY BONDS
KEEPPACE WITH
RISING MARKET
Treasury Officials Ascribe
Advance to improved Finan-
ciaI Situation.
Rv MUNROE ROBERTS.

(Copyrisht, 1922, by Cosmopolitan News
Ssrvice.)
NEW YORK. April THE Treas
ury Department has ascribed the ad-
vance in Liberty bonds to the loos-
cning Of money and credit" But this
is not the sole reason. probably not
the main reason, for the booming
condition Of the market for Liberty
bonds during the past six months.
Like any other commodity. choice
bonds are affected in their price
movements by the law Of supply and
demand. and the growing scarcity
of a high h-grade security is one OF the
prime reasons for its acquisition by
investors.
There was originally $21. .432 ,s24.700
In Government war bonds issued by
this Government, including the Vic
tory bonds. On March 81. 1922, ac-
cording to the Treasury Depart
ment's records, there were $17.798..
G51, 500 Liberty and Victory bonds
outstanding, which means that $3.-
634.273.150, or II per cent. OF our
war loan has been retired. This does
not mean, however, reduction or
our national debt by that amount. for
some of the Victory notes have been
exchanged for four-year notes.
1t has, however, reduced the float
ing supply of war bonds. inducing
the savings banks and loan institu-
tions to guard zealously their hold
ings and compelling investors TO bid
higher for bonds purchased in the
open market. 1t should also be re-
membered that the Liberty bonds
have valuable tax exemption conces-
sions. which will become more and
more valuable as the days 60 by.
In view Of the widening market
for foreign securities. the organi.
zation of the foreign security deal
ers Of America will be of interest
TO American investors. The organ
ization will maintain a statistical
department for the benefit OF in
vestors. Its most important func.
tion. however. is interpreting the
intricate details of the standardiz1-
ton and regulation of transactions
in foreign currency securities.
Argentina Is resuming negotia.
tions with our bankers for a new
loan, which may reach the figure
OF 500, 900. The purpose OF
this fina ancing will be to fund and
consolidate current liabilities, and
there is a probability that London
will get a share. Argentina has al.
| ready secured $77,000.00o in the
American market. Some discus
sion of a long-term loan was held
in the latter part q December, but
the outcome was clouded by un
settled conditions in that coun'
| try.
Today's offerings include an issue
| OF s2,750 900 Oklahoma General Elec.
trio Power Company first mort
gage per cent TO yield $40, $3.50,
| 900 twenty-five year per cent OF
| the Eastern General Electric Com
pany to yield 6.20 per cent, $3.50 ,000
Counties Gas Company 10 yield 6.6C
|
The Washington times., 1922-04-07
MONEY-TRADE
|Common Stock.
What It Represents.
Essential to Undertaking.
The Know How.
By GEORGE w. HINMAN.

CHICAGO. April 7.-Along with
the present campaign against blue
sky securities In general there has
come a radical protest against COM
mon stock. Most men who wish to
reform finance and purge Wall
Street in these peculiar times are
especially bitter against stock Is
sues. To repress them or suppress
them entirely is a remedy that Is
recommended In most Of the radical
financial literature that comes to
hand week by week.
Common stock Is water" 1t Is
fraud" It is robbery" 1t is re-
sponsible for most gambling losses"
in Wall and La Sale streets. 1t is
an impoverisher Of widows, OF or
phans. Of honest but gullible In
vestors. Therefore. at a time when
no. money or capital should be
wasted, common stock should be re-
pressed, the water, squeezed out.
or the issue be exceedingly limited.
Few persons who are outside Of the
current realize how widespread
these opinions and protests have be-
come. Yet 1t seems to the writer
that they are due largely to mis-
understanding.
What 1t Represents.
Common stock may be fraudulent,
of course. So may any other kind
Of stock. But what is II supposed
to represent. and what. in any bust.
ness.like undertaking. does 1t repre-.
sent? To a large extent 1t repre-
sents earning power. enterprise.
management, and foresight.
A great manufacturing business
is planned and launched. What Is
that business to be? Merely a heap
of money in bank. a building full
of wheels and belts. an army Of two
or three thousand workers? Not al
all. These are no more the business
than a bag of salt of the shelf, a
cake of yeast on the table, etc, or
O bakers batch of bread.
There is something lacking to
make the business. What is It?
The mind that directs, the manage
ment that plans, the organization.
and the foresight. Those things
can't be felt OF seen. but without
them there either Is no manufactur-
ing machines or a manufacturing
business that lasts but a short time.
And those are the things tina. man
usually invests his money in when
he buys common stock.
rhe know.How.
other securities may represent
the building, raw materials and capi
tai. This common stock represents
the know-how, the business 81
gacity. the ingenuity. the ability to
manage great bodies of business
men.
With all the evfl that is truly
spoken of some common stoCkG, one
thing Is sure: that the day there is
no longer reason to issue common
stock in American business. on thai
day American energies will be dead
and American business foresigh,
and sagacity will have celebrated
their last triumph.
The Washington times., 1922-04-07
DEMAND FOR
RAIL STOCKS IN
EARLY TRADING
Interest Centers in Railroad
Stocks, Which Make New
High Marks.
BY w. s. COUSINS.

Copyright, 1872. by Cosmopolitan News
service)
NEW YORK, April 7.-Interest in
the stock market In the early trad
ing today was centered in the rail-
road stocks. a number of which ad-
vanced to new high points for the
current move. impelled by heavy de-
mands from traders. The wire
houses with Western connections
are reporting an increasing interest
in railroad stocks, especially OF the
roads that are operating In that ter
ritory.
Rock Island was rushed up be.
yond its previous high mark beyond
42R under a tremendous turnover.
Reading, at 1914, and Lehigh Val
ley. at 62i2, were at their highest
price for the year, and st. Paul com
mon and preferred appeared often
in the trading. though yesterdays
high prices were not exceeded.
With the exception of Gulf States
Steel, the market for steel stocks
was featureless. United States Steel
was active at prices approximating
97ia, and Bethlehem and Crucible
did not deviate much from yester-
days levels. Gulf States Steel
jumped into prominence by an early
lead of two points TO TAN, followed
by a further gain Of four points to
18N, an advance of seven points
from yesterdays low.
Studebaker and Chandler sold off
about two points. Stromberg Car
buretor was again the leader of the
group, crossing so for
the first time this year to a new
high at sos.
Pool activity was resumed in
Famous Players, which sold up to
slk for a gain Of two points and
a new high.
Mexican Petroleum sold off at
12s for a loss Of more than two
points.
The Washington times., 1922-04-07

The bill was amended by the House
Committee, however. by eliminating
the proposal to increase the member
chip Of the Federal Reserve Board.
The Senate provision adding the
words Financial and agricultural" to
the pypvision of the Federal Reserve
act stating that the President, in ap-
pointing members Of the board shall
have due regard to a fair representa-
tion Of Industrial and commercial In
terests and geographical divisions of
the country, was retained.
Chairman McFadden was author.
ized to report the bill Immediately.
and 10 request the Rules Committee
to report a special rule providing for
prompt consideration Of the bill by
the House, under a limitation Of de-
bate. 1t is expected that the rule viii
be so framed as to prevent amend.
b. rsent from the floor.
Members of the Senate agricultural
bloc, while not entirely pleased with
the action taken by the House Com
mittee, believe that the bill. even II
enacted in the form reported to the
House, would not prevent early rep
resentation of agricultural interests
on the Federal Reserve Board.
The provision Of the Senate bill,
placing'a Limitation Of $3.50 900 on tho
cost OF construction of buildings for
Federal Reserve banks, was elimi-
mated.
The vote on reporting the bill was
13 for and 7 against. The real test
vote came, however. on eliminating &
the provision for increasing the mem
bership of the board. This vote stood
. to IL. There are twenty-one mem
hers of the House Banking and Cur.
rency Committee. Only one member
was absent.
The Washington times., 1922-04-07
ERIE ROAD ANNOUNCES
PASSENGER RATE CUT

CHICAGO, April IA reduction
in passenger fares was announced
today by the Erie railroad, which
will operate a series of low-rate ex.
cursions from Chicago, Dayton,
Ohio; Sharon, Pa, and principal in
termediate points to New York city.
In all rates heretofore announced
no cuts have been made to New
York city.
The round trip rate from Chicago
will be $43. compared with the pres
ent round trip fare Of s61.40.
The Washington times., 1922-04-07
Twenty-six Nations
Recognize
Mexico

Financial circles interested
In the proposed funding Of Mex
lean obligations by American
bankers cited as further proof
Of Mexican stability today the
fact that at least twenty-six
countries have recognized the
ObregOn government.
The State Department lists
the governments as follows:
Argentina, Austria. Bolivia,
Brazil. Chile, China, Colon
bia, Costa Rica. Ecuador, Ger.
many, Guatemala, Holland,
Honduras, Italy, Japan, Mic
aragua, Portugal, Peru, Sal
vador, Spain, Sweden. Switzer-
land. Uruguay. Venezuela.
The Washington times., 1922-04-07
Grain Opening.

CHICAGO, April Wheat start
ed slow and higher in the lead Of
other grains. Sentiment was mixed
at the outset and the majority were
inclined to hold off and await de-
velopments. Foreign markets were
easy. Weather conditions were un-
settled with rains reported over the
belt. while temperatures were
higher. Estimated receipts were for
q moderate run of cars.
Provisions were dull and easy.
Hogs at the yards ruled fairly &C.
tive and steady.
The Washington times., 1922-04-07
To Lease $50 Cars.

Tho Illinois Central railroad was
authorized today by the Interstate
Commerce Commission to execute an
agreement with the Pullman Com
pany for the lease and purchase of
$50 refrigerator cars at an estimated
cost of s1,748, 900.
The Washington times., 1922-04-07
Foreign Exchange.

NEW YORK, April 7.7Slishtly
higher rates prevailed in the foreign
exchange market at the opening to-
day. Sterling advanced to 4.3Sss for
demand and 4.39 for cables. up u:
French francs. .0912 for cables, up
" points; lire. .0525; marks, .0033.
The Washington times., 1922-04-07
New York Cotton Market.

NEW YORK, April THE cotton
market was to 10 points higher at
the opening today. May opened at
$3.50, up 8; July, S17.36, up S: Oc.
.tober, s17.14, up A. December. Sl7.07,
up 4: January. $1S.9S, up 4; March,
1858. up 10.
The Washington times., 1922-04-07
B. & O. Gives Up Branch.

The Baltimore and Ohio today was
authorized by the Interstate Com
merce Commission to abandon a
branch line of railroad in Stark
county, Ohio, and a portion of q
branch line in Carroll and Stark
counties.
The Washington times., 1922-04-07

The New York, Ontario and West
ern Railroad today reports 1921
net income s1,603,349. after charges
and taxes against s10,713, in 1920.
The Washington times., 1922-04-07

Anglo-Am. on Co. new. 18K 1Sh
Borne-Scrymser Co.. 1880 $40
Buckeye Pipe Line Co.. 94h 96
Cheseborough Mfg. Co.. 1913 1877
Continental OIL Co.. l131 134
Crescent Pipe Line Co.. 80 81
Cumberland Pipe Line. 140 $50
Eureka Pipe Line. e....... % 81
Galana-Sig OIL Co. com. Al 40
Galena-Sig. Oil Co. pfd.. 110 ia
Illinois Pipe Line Co.. l180 1873
Indiana Pipe Line Co.. l1Q2 3-1s
National Transit Co.. % asA
N. Y. Trans. Co.. l170 IT'S
Northern Pipe Line Co. los 10S
Ohio Oil Co. ...........2 274 277
Prairie OIL & Gas Co. 80. $50 565
Prairie Pipe Line Co.. 22S 231
Solar Refining Co.. $40 $50
Southern Pipe Line CO.. 81 80
South Penn. Oil Co.. l177 182
S.W. Penn. Pipe Line Co. 81 "a
Standard OIL Co. Call. 81 98
Standard Oil Co. Qnd.). 88h 8Sx
Standard Oil Co. Kan.). $40 $50
Standard Oil Co. Ky.). ATS 4S5
Standard OIL Co. (Neb.). l170 180
Standard OIL Co. (N. ". 1857 al
Standard OIL Co. Ohio. 400 40
Swan & Finch Co.. ...... rs 35
Union Tank Line Co... 81 80
Vacuum Oil Co. :. .ls5o i354
Washington Oil Co.. ..... Is 30
Pa. Mexican Fuel. ....... 26 27
The Washington times., 1922-04-07

A Yves; Australian loan Of 3,o0o,-
600 pounds bearing per cent at
The Washington times., 1922-04-07
Approve Farmer For
Federal Reserve Board
House Banking and Currency Committee
Orders Favorable Report on Senate
Bill Placing Farmer on Board.
By HARRY GUSACK.

The Senate bill proposing to make place for repre-
sentative of agricultural interests the Federal Reserve
Board ordered favoraby reported to the House by
the Banking and Currency Committee yesterday.
The Washington times., 1922-04-07
Curb Stocks.

Furnished by w. b. Hibbs 4 Co.
The Washington times., 1922-04-07

Open. High Low, Close
Money on call. An 80. -. go.
Stock sales up to-
IL a. m. IL noon. 1p. m. ~. m.
459,100 710,700 ...... ........
Bond sales up to
IL a. m. IL noon. Up. m. 3p. m.
521 900 4.521 900 ...... ........
The Washington times., 1922-04-07
BUSINESS ND FIN A N CE ~aAH%zT
oil Stocks.

Furnished by W. B. Hibbs q CO.
The Washington times., 1922-04-07
Local Stocks.
SALES.

Union Trust Company, 5Q120.
Lanston Monotype, 3Q77. 4Q77.
AFTER CALL.
Washington Gas 7h's, $500Q1O6.
$500Q105h.
Washington Railway and Electric
As, $5O0Q68%.
Washington Railway and Electric
pfd., 2Q6Sh.
MONEY-Call loans, sos per cent.
The Washington times., 1922-04-07
Liberty Bonds.

by w. h. Hibbs q Co.
Connecticut western news., 1922-11-23

ell; 1t had not even been moistened or 1t would have blurred. There was nothing upon 1t to tell how long ago 1t had been written; but 1t had been written certainly before June 12. After June 12," it said.
 That day was August the eighteenth.
 It was seven months since Uncle Benny had gone away. After his strange interview with her that day and his going home, had Uncle Benny gone out directly to his death1 There was nothing to show that he had not: the watch and coins must have lain for many weeks, for months, in water and in sand to become eroded in this way. But, aside from this, there was nothing that could De inferred regard ing the time or place of Uncle Benny's death. That the package had been mailed from Manitowoc meant nothing definite. Some one-Constance could not know whom-had had the muffier and the scrawled leaf of directions; later, after lying in water and in sdnd, the things which were to be 'sent" had come to that some one's hand. Most probably this some one had been one who, was going about on ships; when his ship had touched at Mani- towoc, he had executed his charge.
 Constance left the articles upon the bed and threw the window more wide lv open She trembled and felt stirred
Connecticut western news., 1922-11-23

and faint as she leaned against the window, breathing deeply the warm air, full of life and with the scent of the evergreen trees about the house.
 The cottage" of some twenty rooms stood among the pines and hemlocks interspersed with hardwood on ''the Point" where were the great fine sum- mer homes of the wealthier ''re- sorters."
 This was Uncle Benny's country. Here, twenty-five years before, he had first met Henry. whose birthplaco--a farm, deserted now-was only few miles back among the hills. Here, before that, Uncle Benny had been young man, active, vigorous, ambitious. He had loved this country for itself and for it's traditions,s ,s it's Indian legends and fantastic stories. Half her own love for it-and, since her childhood, it had been to her region of delight--was due to him and to the things he had told her about 1t Dis tinct and definite memories of that companionship came to her. This lit- tie bay, which had become now for the most part only a summer play ground for such as she, had been once a place where he and other men had struggled to grow rich swiftly; he
 Continued on page p
Connecticut western news., 1922-11-23
CHAPTER XII
The Things From corvet's Pool<eta
 Miss Constance Sherrill,

The Things From corvet's Pool<eta.
 Miss Constance Sherrill,
 Harbor Springs, Michigan"
 The address, in large scrawling let ters, was written across the brown paper of the package which had been brought from the post office in the lit- tie resort village only few moments before. The paper covered shoe box, crushed and old, bearing the name of IS. Klug, Dealer in Fine Shoes, Mani towoc, Wisconsin" The box, like the outside wrapping, was carefully tied with a string. N #
 Constance, knowing no one in Mani- towoc and surprised at the nature of the package, glanced at the postmark on the brown paper which she had re- moved; it too was stamped Manito- voc. She cut the strings about the box and took off the cover. A black and brown dotted silk cloth filled the box; and, seeing 1t, Constance caught her breath. It waS-at least 1t was very hkeT-the muffler which Uncle Benny used to wear in winter.
 She started with trembling fingers to take 1t from the box; then, realiz- ing from the weight of the package that the cloth was only wrapping or, at least, that other things were in the box, she picked up box and wrapping and ran up to her room. She locked the door and put the box upon the bed; now she lifted out the cloth. 1t was wrapping, for the heavier things came with 1t; and now, also, 1t re- vealed itself plainly as the scarf-Un- cle Benny's scarfl A paper fiuttered out as she began to unroll it--a little cross-lined leaf evidently torn from 9 pocket memorandum book. It had been folded and rolled up. She spread
 -iting was upon it, the small