davidaulloa/AmericanStories huggingface dataset:
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-16
NO PENALTY YET
ON UNPAID TAXES

Although Saturday was designated
as the last day stupon. which taxes
could be paid without their being
classed as delinquent, County Auditor
Charles Allen said today that no pen
atty would be attached until dispo-
sition had been made of the large
amount of payments that are being
received Through the mail. The mail
1t will4be advisable TO- record the pay
ments mailes' III. this way before att
taching -tfrespenafty tofthe last half of
the taxes, which fell due Oh Oc-
fahnf.A LIZ ! -. 4
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-16
To Evacuate
Thrace In Three Stages;
Adrianople District Is
The First Affected
CONTINUED from Page ~
Facilities Lacking.

Rcucsto. Oct. 16.-tBy The Asso-
ciated Press.)-The Greeks have no
tiled the allies that they will be un-
able to provide facilities for the
evacuation OF 200, 900 Asia Minor
refugees o in East .Thrace. Trans
p%crtation shortage Is the principal
difficulty. but lack Of an availa bic
place to send them also Is embarras-
sing. The Greeks express the hope
that tile allies will find some way to
Ase ;for, these refugees Temporarily.
refugees in the lMarmora islands. also
are unrrovidedf Toy the evacuation
armistice. The allied fleets have
agreed to aid persons desiring I'd
leave these islands at the tiltal Stage
Ut the Turkish entryinto East Thrace.
constantinopie, oct. 1s.--The stat
us of 5000 Russian refuses in Con-
stantinople. is to be decided by the
Near East peace conference IT. was
announced recently by the Kemh1ist
leaders here that these outcasts
would not be tolerated by the Ma
tionalist government when 1t, takes
over the capital. As. no n~eighboring
country desires to. rete3se these refu-
gees. the Turks propose to force them
to return to Bolsheviki Russia. where
the lives Of many Of them would be
IN jeopardy. After consid ering the po-
:ition o: the Russians the allied high
commissioners finally concluded that
it would be best to refer the question
Of their status to the peace confer
ence. -
Constantinople, Oct. 16.-(By The
newspaper, Ileri, says Mustapha
Renal Pasl,a will make four import
ant new demands at the coming peace
conference. These will be, first. the
suppression of the Greek navy: soc
ond. the exchange Of all persons OF
the civilian minorities, meaning the
return to Turkey of all Moslems in
Greek territory and the repatriation
Of all Greeks in Turkish territory;
third, the naturalization OF the Aege-
an Islands. and fourth. that the ques.
ton Of western Thrace DO decided by
a plebiscite.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-16
TWO SKILLED WHEN
TRAINS MEET in
HEAD ON COLLISION

East st. Louis, ILL.,. Oct. 16.-(By
The Associated Press. 1.-Two persons
were killed and one seriously injured
when two trains Of the Lake Erie and
Western railroad collided 'head6n
near. Rankin, a suburb, Sunday norm
Ing. ST. 49, I f
Vhe dead are: Fred Rcaves. OF Tip
ton. Ind, fireman of one train, and
an unid entifed transient known by
the name of Brady. = John Wakley,
also of Upton, 'was injured badly.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-16
MILLION REFUGEES B:
IN THE NEAR EAST;
NEED CLOTHING

,Ccnstantinople, Oct. 1s.-(By The
Associated re ss.)-Refugees in the
near east, according to estimates by
DR.. Fridtjofs Hansen, who represents
the International Red Cross ana the
League OF Nations in the relief efforts,
will reach a Million and one Of their
principal needs will be winter cloth
ing. Dr. Hansen, who has just left
Constantinople for visits to Adrian
ople. Sofia and Athens, is planning 4
world wide appeal for: a quarter mil
lion dollars to be. administered by. the
Hansen committee.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-16

Paris. Oct. f6.-DDaliplin, a Brit
ish owned horse, yesterday easily won
the Mpf1cipalsC Council stakes at Long
champs, but Jockey Sharpe could not
make the required weight after the
race and was disqualified and prodise
declared the winner. The purse car.
ried 225,0O0 francs.
Frank otNeih. the American Jockey
who rode .AlEefien sin the race but
failed to get places4eads the jockeys
ON The French turf fof the season with
20 winners to HIS credit. Frank Mac
gee, another American. ranks second.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-16
Governor Of Hawaii
Cheats Death When
Seaplane Is Burned

Honolulu. Oct. 16-(By the. Associ-
ated Press. )-Wallace Rider Earring
ton, governor Of Hawaii, cheated
death by a slim margin yesterday
when a seaplane in which he was re-
turning from MauE- Island to Homo
lulu caught fire and made a forced
landing in this aea near Pearl Harbor.
The governor swan until he was
picked up by another plane. No one
in the party was injured.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-16
INV0LVED I'M
THEFT Oh OVER
:s;.ss TWO HUNDRED CARS

EHipAgo, Oct. 16.-Confessions IN
i:VblEiSg the theft and sale in wfscon-
isina6f more than 200 AUTOMOBILES were
laid by the police Sunday to have
been obtained from Fred Jones Of Co
both OF whom aregnow in custody: A
third man, Joseph 0apusA IS being
sought in connection with the thefts.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-16
FAIL TO
BEAT AMERICAN
DURATION FLIGHT

LIE Bourget. France, Oct. ls.-tBy
the Associated Press.)-The French
ayiators, Lieutenant B%ossoutrot and
A.. Drouhin; who ascended sina.a
Goliath biplane at a6:lS Saturday
American duration flight recently
made a. San Diego, Cal, by Lieuten-
ant John A. Macready and Oakley
Kelly, landed in the airdrome here at
1927 Sunday afternoon, having re-
NAMED in the aif 81 hours. IA min
utes and 80 seconds. They thus failed
to equal the record of Macready and
Kelly. which was IS hours, 16 minutes
and 80 seconds "I
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-16
BRITISH { Z ! ! Do
NOT AGREE TO
HUGHES PLAN
Reciprocal Agreement Re.
garding Liquor On Ships
Not Approved.

Washington, Oct. 10.-lBy the
Associated Press.)-Grcat Brit
ain, Ii, . Communication delivered
today to the state department. Is
underwood to. have declined to
agrec to tho suggestion OF Secrc-
tary Hughes. for u reciprocal
agreement for tic %cxtcntion Nf
the right of search and scizuer so
rs to give the ANGLICAN prolibi-
ton navy Jurisdiction outside the
three milo limit.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-16
OSTRAVA STRIKERS.
RETURN TO WORK
UNDER OLD STATUS

Prague, Czecho Slovakia. Oct. 16.-
Forty-three thousand coal miners in
the Ostrava- Karvin region. who went
on strike last Tuesday. agreed to rec
turn to work today with a rs per cert
reduction in wages and q further re-
ductions Of 80 per centton, Nov. 10. The
men also will work eight hours in
stead Of six hours on Saturdays.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-16
TRANSMISSION OF
POWER BY RADIO
THOUGHT POSSIBLE

New York, Oct. 1s.-Transmission
of. power from Niagara Falls {. ;New.
York by radio Is a possibility Of the
future IN the opinion. OF Or. E. r. W..
Alexand ersV. chief engineer Of the
Radio corporation. This prediction:
followed the success Of a 18-hour test
OF electric tubes in place. OF large al
ternators in transmitting wireless
messages across the Atlantic ocean.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-16
AUTOMOBILES in, -.
MEXICO AGAIN
1. SUBJECT TOTAX

Mexico City, Oct. ls.-lBy the Az
sociated Press. )-Aptomobilss. which
per cent ad valorem import tax fol-
lowing the publication today IN the
Diarfo> Official OF a presidential decree
to this, effect The exemption of
duties OF automobiles was decreed- by
former: President GHSranza in the be-
lief that It would ..be Of benefit! to
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-16
EAST SfDE BRIEFS
Several Served y ~
with Abatement
Papers; Hearing Soon

Abatement proceedings are under
stood to- have been startedtagainst the
owners Of several places OF business
in East Grand Forks. according to an
announcements made Saturday. A.
hearing on the: matter will be held
tn, !Crookston some. time during the
latter part OF October.
According to instructions issued by
States Attorney James e. Montague
Of C%rookston. the following have been
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-16
PROPOSE TO HAVE
PASTEUR'S PICTURE =.
ON FRENcH'SfAMP

Paris. OFT. IA proposal has
been made that the new. nfty .sentirne
stamp: which France, is, about to issue.
in cogllfiance with The Madrid postal
convention shall beat tho portrait 81,
Louis Pasteur,I the celebrated. French
aaniversary;,sof ;;Pasteur'4fibtrth Is TO.
be celebrated SOON: &C., ~ Ts
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-16

Mann Harry Huchings. Glarenss
.Lnkkason, Pat purcell John =: Puse''
and James Jarvis. 80 ,,roceed-
IL the courts uphold tne pIo tor i
ings, the places VIII pc clo osr' - the
f;scretions { the Judge. It was saiu:
The action is said to be the outsroWtn
II: conyictions on charges OF violatlns
The Volstead act lit THE city.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-16
VICE PRESIDENT OF
ARMOUR PLANT DIES;
PIONEER EMPLOYE

Chicago. Oct. 16.-Edward Archi-
bald Valentine, 81, vice president and
director Of Armour and Company,
packers. died yesterday. He had been
with Armour andNCon1 pany 25 years.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-16

xxSS1FHs16Sp1Smosn
Nsw York, sO1t.s sSS:
s sss, on 4Ms,.ss;is; ehird. ss..se:
M, called, 100.6Ss ~ s.s
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-16
oHrOAao a1XIN rARx1.
anA1M.

Minneapolis. Oct. 16.-Wheat bulked
strongly today on sharp advances On
cables and CASH strength due to cat
reaction, local. net gains over Saturday.
close, were cut IN. half. with DecstnbSr
hanging close to. ]: osAs. Demand ri
wheat in the local market was In large
Corn and rye lied the balance OF the
grain list. Rye started hAlf cent 9htkn.
err and later advanced Ito IN. Data
and barley we're f~ractionaliy higher.
feFinks .1nederatf - ssstssst 49,
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-16

Minneapolis, Oct. W.--No. l ;northArn
l.123t tolls ~ Dse1mbsrS LoSA; Hay
lCSrngNo. 5 yetipwT S5aH 10 S.
oss4 No: 8 white s6k to s5N.
Barley H09tog "a.
Rye 30. 2. q Expt,to4 ~ ID; 9s. & &
EdAx No IN Ste +4e.59s Sf4ss &gT
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-16
36nnx..

New. York Il Oct. l6,-4Call:- noney
sEa Eiime sif ie.a:s i IN sei,a ;ds'ins sc. 5.ss
days ~, to ~. 4-s month"; AZ Is s;
prime comrnertisl paper ~.
New-York tribune., 1922-07-19
Miscellaneous Markets
New York State Bonds

Issued IN coupon and registered form
not interchangeable. Coupon bonds rerta
terable. e1i"
New-York tribune., 1922-07-19
Made Few Mistakes

Question-Will you give me your valued
opinion on the following: $500 Liberty
bonds, $1,000 each of the following: New
York Edison ias Northwestern Bell Tele-
phone Is, New York Central Is, Virginia
Westinghouse Electric Is, 80 shares of
Philadelphia Company. IL shares Crucibie
Steel, so shares of Telephone ana Tele-
graph, 80 shares of Pele Marquette, $1,000
first mortgage. ! also have 10 shares or
Midvale. 10 shares Chicago, Milwaukee e.
St. Paul common, Is shares Profit shar
ing. new 100 shares Allied Oil. old. l
have an application in for 20 shares of
Tel. and Tel. preferred and will have
money available for three bonds inside of
six months. Am sorry that some of the
bonds are callable. What would you sug
eest? l am brichlayer and pretty we'll
up in years and my wife and l will have
to depend on this income soon. What is
your. opinion OF French 7i3s?-J. w. r.
Answer-We make no criticism Of
your investments as whole and con-
gratulate you upon the judgment shown
in selection. You stumbled bit in
purchasing Midvale Steel and st. Paul
commo and the Allied Oil stock shows
you were not immune to taking a
highly speculative chance, but the per
centage of loss is unusually small
New York Telephone preferred will
make a desirable addition to your list
New-York tribune., 1922-07-19
All Good Investments

Question-Am taking the liberty of writ
ing you again. Your previous advice re-
suited in my purchase of several OF the
railroad bonds included in the list here
with to my advantage and have invested
further in real estate bonds. Won't you
be good enough to criticize the following
and advise If you regard them as good
investments, or what you would term as
reasonably safe. Am willing to assume
some risk. of which ! do. not think there
is any element in the following I now
hold: s., 1000 Canadian Northern Railroa d
Is, 1910; $4,000 Great Northern rs. 1885 /;
81. 900 Pennsylvania Railroad 6hs. 1886;
$500 New York Edison 6hs. 194l; $4,000
New York Telephone ss, 1s41; $4,000 s..
w straus & Co. SIS, 1891; 5000 Prud-
ence bonds, 6s, 1880; $4,000 Saks e. Co.
rs. 1942. Would thank you for any ad-
vice of change you would suggest, as l do
not want to assume any chance of loss. and
these investments represent the savings of
q lfetime,-H. A, D.
Answer-Your selection of invest
ment bonds displays good judgment
and we would not suggest any change.
New-York tribune., 1922-07-19
Financial Items

The Banco di Roma announced yester-
day that It's branches In Egypt were taken
over on July ] by new institution. the
Bance di Roma for Egypt and the Levant.
The new bank was Incorporated under
Egyptian laws, with head offices at Alex
anaria. with capital Of fl,ooo.ooo Esyp-
tian.
Charles H. sabin and Averell W. Harri-
man were elected members of the france
committee of the National Surety Com
pany at the meeting OF the board of di-
rectors held yesterday.
Thomas r. Kennedy, business manager
of the Western Light and Power Company
and the Denver Gas and Electric Light
Company. both subsidiaries OF the Cities
Service Company, has arrived in New
York, where he will be assistant manager
of the new business department OF the
Cities Service Company.
The Chase National Rank announces tina.
the government of the Argentine nation
external loan fve-year 7 per cent tempo
rary gold bonds due February j, 1927. Will
be exchangeabie for coupon bonds on and
after July "a at the trust department.
New-York tribune., 1922-07-19
Cash Installment Payable ON
NIX. & r. Deposited Stock

j. & w. Seligman & Co. and Hall
garten & CO., managers in the Missouri,
Kansas & Texas reorganization, an
nounced that cash installment of
SIS a share on the common stock and 81
a share on the preferred was payable
yesterday on stock deposited with the
Equitable Trust Company
The protective committee, headed by
r. Walter Leigh, has sent notice to
holders of certificates of deposit Of
the Columbia Trust Company. issued
under deposit agreement Of February
Is, 1915, for the fifty-year first mort
gage bonds of the Sherman, Shreve-
port & Southern Railway. guaranteed
by the Missouri, Kansas & Texas, an
nouncing plan and agreement of re-
adjustment
New-York tribune., 1922-07-19
Buenos Ayres Sterling 3Ms

Question-will you kindly advise me
how you consider, as an investment the
3ls per cent bonds Province OF Buenoe
Ayres issued in 1906? understand that
these bonds are payable In English sterl-
ing and are non -callab,e at less than par
sinking fund. I will greatly appreciate
your advice concerning these bonds
G. l.. c.
Answer--A double speculative risk
attaches to the Province of Buenos
Ayres 31a per cent bonds Of 1905.
First, they are issued in sterling, and
their value, therefore, from the stand
point of the American purchaser, nee
essarily fuctuates with sterling ex-
change. Secondly, they are sterling
loan to South American borrower
whose record of payment, whatever it
may be to-day, has not always been
good. A default on interest occurred
in 1915, and the payments due in 1915
and 1916 were subsequently provided
for partly in cash and partly in fund
ing certificates. The records show
prompt payment since January, 1917,
but the financial experience Of the
province last year was not entirely
Your understanding as to
the currency of the issue, that they are
-callable except at par and are to
be repaid through a sinking fund, is
correct. We should not care to class
the bonds as even fair business mans
investment for the reasons noted.
New-York tribune., 1922-07-19
Risk in Philippine Railway As

Quesfion-~For several years have regu-
lsriS followed with considerable Interest the
investment information given by you IN The
Irioune. am writing to oinquire II you would
naliway 4s, 1897, with the understanding
mat | am willing to assume some risk In
terest IL assured, IA ] understand 1t, by our
governnents guaranty. and. while appre-
don't YOU think that the chances are ia
Noraole Tor an increase In price and that
this Issue will possibly be refunded on
maturity by an issue bearing a higher
rate?~-F. s. J.
Answer--We do not recommend the
Philippine Railway 4s of 1887 for in
vestment. In purchasing them you
must be prepared TO assume q fair risk,
and as we do not know your circum-
stances we are unable to judge the
extent to which you might reasonably
go in this direction. The earnings
record of the company, which was or
eanized in 1906 to develop railway lines
On the islands, has not been good, in
come showing substantial deficit as
compared with interest and other fixed
charges. The interest is guaranteed
by Endorsement of the government Of
the Philippine Islands and not by the
United States government. The ma
turity date is too far IN the future to
enable US to hazard any guess as to tho
possible terms of a refundinG issue,
which would necessarily depend upon
the position of the company and the
condition of the investment market at
that time. We do not care to COM
n ent upon the chances for price fuc-
tuations in this bond, as this would be
advising in a speculative matter.
New-York tribune., 1922-07-19
Holds Three Stocks

Question: saw in to-day's paper your
notice of the Tribune Financial Bureau, the
first time have lN, heard of its existencs ss
your advice have three investments that
] am uncertain of: The Westinghouse Air
r4aps ana Wys 7na hs
inghouse formerly paid per cent. then
reduced it to per cent and recently 10 4
per cent. 1t stands me in about ss2 per
share, but ] am a small investor and
continue to hold the property hoping 1t
will advance in value What do you ad-
wise? What would probably be the out
graph should it become public owner
ship? have 20 shares of It; 10 shares
cost si06 each and 10 shares cost s12s
each. Do you think 1t best for me TO con-
tinue holding? The willys Corporation. in
which / hold 16 shares, cost about sos for
each share received but two dividends
Since then they have kept their business
so quiet that the shareholders cannot seem
to obtain much If ans. Information. Do you
return on the investme mt Mrs. 1. r. H.
Answer-Over period of years
Westinghouse Air Brake has treated its
stockholders generously. During 1921
the company suffered from a reduced
volume of business, with plant opera
tions about so per cent of normal. Divi-
dends were accordingly reduced. Fu-
ture business conditions are uncertain,
and your decision as to whether it is
advisable to hold your stock should be
governed not by the price paid for the
shares but by your financial position.
The stock has an element of specula-
ton, and if you are not in position to
take the risk involved you should not
hold the stock. You will probably re-
ceive a much better price for your pre-
ferred holdings of WHY'S Corporation
than at first seemed likely, owing to
the disposal Of the Elizabeth plant.
You need not worry as to anything
happening to your investment in Amer
lean Telephone and Telegraph stock
that will more than temporarily impair
it's worth, in our opinion.
New-York tribune., 1922-07-19
Copper Mine Labor Scarce
Shortage, However, Has Pre-
vented Decentralization

Copper production has been affected
more by labor shortages than by either
local officials of Western and Michigan
mines. The higher wages and steadier
employment offered by Montana oil
companies and Detroit automobile man
ufacturers has attracted both skilled
and unskilled workers in those regions
from the mines. Some of the Western
companies have not only paid trans
portation of families back to copper
regions but assured skilled workers
that they would be retained for repair
and improvement work around mines
when slump occurs. The labor short
age prevented overproduction Of cop
fore aided in maintaining present
prices of the metal.
New-York tribune., 1922-07-19
Country Produce

Butter-Receipts were 1871 packages
Creamery higher than extras, pound, s6h
@S7c; extras 90 score, see; frsts, S21s
SS42c; seconds, 31@32c; lower grades. 900
S0hc; centralized cars. Sc score 33% q
SAC; 50 score, 3Sc; SO score 32hc; IS to ST
score. S11a @32c unsalted. higher than
extras, 3s@3Shc; extraE. 90 score. 37@
871sc; hrsts 34@36hc; seconds. 325s@
33 l9c; lower grades 3fG32c; state dairy
tnes m finest SS@ 85 &c goOd to prime ssa
current make. extras. 81 0S2c; frsts, asa
29isc; seconds 26ia @27c; lower grades.
rs g. CSC; packing stock, current make, No
!: Ia rs; Sc. NO. ? 81 q s''' lower grades
Cheese-Receipts were 41s9 boxes. New
York State fats. fresh specials, 21@22c;
Wisconsin. fresh double Daisies. a0E q
21c; single Daisies, 2ol4 q 21c; young
Americas, 2o% G21Ac.
Eggs-Receipts We're 1880 cases Fresh
gathered. extras dozen, 31@ 32c; regular
packed extra frsts. 27@30c; regular
packed drsts. 2a.s @2sc; seconds and
dirties, regular packed, No. i, 1s1s q soac:
No. and poorer. 17Q19c; checks, poor
to choice, dry. 15@2oc; New Jersey, hem
candled extras. 41@44c; nearby hennery
whites, extras, local candled, SAC; nearby
and nearby Weptern hennery whites. aver
age extras. So n 41ct extra nrStS, 500 oSc.
frsts 32m54c nearby gathened whites,
hrsts to extra frsts, 36@3Sc; under grades,
Is a 29e pullets eggs, 30@36c; Pacific
Coast whites. extras. SO q 40c; extra frsts,
34N37c frsts. so sac; under grades. Is q
2ec; other Western and Southern, gathered
whites 259 SIC; nearby and nearby West
ern hsnncry browns extras $50 3sc; nearby
brown ard mixed colors gathered. extras,
SlQ32c arsts to extra frsts 25@3oc.
Potatoes Maryland. barrel. s2@s3: No
@ sl0s1s0; Virginia, sl.50@s3: Jersey
sack, 75c@s2 Long Ialand barrel. s2,259
$3.50: sacIk. $1@$2.25; sweets, Jersey bas-
ket s250m$2.75; yams, North Carolina
barrel ss 50Qs4; Georgia, barrel, $90slo,
New-York tribune., 1922-07-19
Foreign Bonds
Sites Appointed Private
Secretary to Judge {
Neu Issue

F. r. Sites, who has been with the
United States Steel Corporation for
the last eleven years, has been ap-
pointed private secretary to Ebert H..
Gary, chairman Of the finance COM
mittee and the board Of directors. Mr.
Sites succeeds George K. Leet, who
was elected secretary Of the corpora
tion few months ago.
For the last nine years he has been
with the United States Steel Products
Company and has just returned from
Shanghai, China, where he was man
ager Of the compsny's Offices there.
Prior to that time he was with the
American Steel and Wire Company
and in the metallurgical department
Of the Carnegie Steel Company at
Home Pa. He WIS graduated
from the Massachusetts, Institute Of
Technology in 1899.
New-York tribune., 1922-07-19
Tone Is Steady
I'm More Active
Session ON Curb
Reduction in Crude Prices
Causes More Selling of
Oil Shares, but Liquida-
ton Is Well Absorbed

Announcement Of second cut in
crude oil prices within less than a week
caused some further selling of oil
shares yesterday, but the liquidation
was we'll absorbed, indicating that the
present situation in the oil industry
has probably been discounted by the
recent descent in security values.
Among the industrias the motor
shares were most active, with particu-
lar strength developing in Cleveland,
that stock closing more than two points
above the low of the day. Mother Lode
Coalition was active on reports that ap-
plication is soon to be made to list the
stock on the "big board" The tone
was generally steady and activity more
pronounced. Bonds were steady.