davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-03-12
TEXAS COMPANY DID
NOT EARN DIVIDEND
CompanyAiso Reports Deficit
in 1921.

Because of a writeoff Of more than
Go,o0o.o0o for adjustment OF : inven-
tories the Texas Company failed last
year TO earn its dividend requirements
and showed deficit of sS.770.S7l after
payment OF dividends. Net earnings
after charges and inventory adjust
ments were s3,2S.l29, or sl.H share
earned on its 80 par capital stock.
In 1920 net earnings were sal ,0S9.372. or
1898 share OH the stock.
Gross earnings were $i02.Gf5. .31T
against Si42. 500, ,33l. Expenses. etc.
totalled s52.e59,7s against SOS $50. 4a5 and
so.63s.123 was written off In adjustment
Of inventories. For depreciation.
Federal taxes. etc. reserves OF sg.I22. .7.S
we're set up. Dividends paid during the
year were Sis,05l.0oo and total profit
and loss surplus at the close OF tho
year, after a credit adjustment or
1897, 100 affecting reserve for depre-
citation. amortization, etc, stood at
$50. isl.
The balance sheet however. revealed
the company's position as very strong.
Bank loans were cut during the year
from 800. 45s.0S4 TO $7.07l. 2e6. Cash on
hand aggregated s2e.650.G Gs3 and receiv-
ables. sii.Si0,322. Investments IN sub
salaries were carried at So. .ie0.ill and
subsidiary companies accounts at
$i4. .525. POI, Inventories exceeded Ti,-
10000.
The New York herald., 1922-03-12
TRADING IN GRAIN
MARKET Is LIGHT
General Nervousness and Quick
Price Changes Feature
Session in Pit.

CHICAGO, March 11.--Light trading,
quick changes in prices and general
nervousness marked to-day's session of
the Chicago Board of Trade Most
transactions were by local traders
Wheat finished lac. lower to 14c. higher
corn, lac. to aic. higher: oats unchanged
TO Hc higher. and provisions from
IL 1ac. to 17c. lower.
Wheat opened weak on depressing
cables. but took on new life when corn
showed independent strength and later
bulged sharply when local shorts, who
had sold freely on the opening decline,
were driven to cover. With that move
ment ended, there was nothing TO In
terest the market and prices sagged
feebly.
In the last fifteen minutes wheat
touched the days low point, but scored
recovery of a full cent before the
close.
The Government report, showing mill
and elevator stocks OF $4,000, 900 bush
els, was 100000 less than that of a
year earlier, but was construed as bear
ish, as farm reserves of 100000. 900
bushels indicated that there was plenty
Of wheat for export.
Local Nuying gave early strength to
the corn market, but was not extensive
enough to hold 1t up throughout the
session. Outside trade was light and
the market toward its close swung into
the path blazed by the wheat pit.
Oats were dull. The bulk Of the
operations were trades in the May and
July spread.
There was some Eastern buying OF
provisions but, on the whole. that por-
ton OF the market was dull. There was
enough scattered selling to make for
lower prices.
The New York herald., 1922-03-12

Selling goods in foreign markets at a
cato OF approximately s4,i0o,ooo.oo0 4
year despite worldwide. economic de-
preston. American manufacturer. busl-
Eess men, farmers and exporters are
building up a foreign trade for this
country faster than their competitors
In any other section OF the globe.
Aided by Department OF Commerce
reorganized ON the basis 81 direct aid
u American business men. the United
States IL capturing world markets after
fashion that is tending 20 overcome
business depression for every section
OF the country.
\ growing foreign trade means busy
factories and mills and more and more
jobs for workers. Commerce Depart
meut officials point out
The United States now i rsndinT
abroad goods worth 80 per cent. more
than In 1914. the official records show
Owing 20 the recent decline in price,
means a much greater tonnage ~ a.
ports .han ever before In history. ~
hcials say.
lsr gland. long regarded az tho worlds
greatest trading nation. is being co'u.
rlasciy outstrippcd in many Hines ~
American statesmen IN basis 81 official
records Of value and volume o. goods
sent abroad.
England during is-i sent abroad goods
worth E,9o.ooo.oco. according 70 thr
lntest computations of the British Board
Of Trade. For the same poriod Amer.
lean sales in foreign countries werD
valued at "a per cent more, Or approAl.
mately $500, 10000. During 1892 Amer
lean sales In foreign markets viii 81
above $.ooo,oocoooo. nj tho present rate
or expectation.
The New York herald., 1922-03-12
COTTON LOSES ALL
GAIN AT CLOSING
Trading Light and Mostly for
Evening Up-Statistics
Largely Ignored.

Few price changes of Importance oc-
Cured in yesterdays quiet and feature
less cotton market. The contract list
advanced to points at its opening
under scattered week end short covering,
based on continued wet and cold in the
eastern belt, but in the last half hour
lost all it's gain and closed to IL points
lower than it did on Friday. Trading
was light throughout the short session
and mostly of evening up character by
local professionals.
Statistics were largely ignored. Ger
tain traders regarded them as beaiish
due to small spinners' takings of cotton
last week compared with those OF the
corresponding 1921 week and the last
previous week. Final reports from Fall
River held to the preliminary total of
print cloth sales. 100000 pieces. and
placed curtaiiment at 10000 pieces
Conditions in the wholesale dry goods
trade were not 30 good, according to
Marshall Field & co. Of Chicago.
The first half hours market was under
the influence of the adverse weather In
the belt. Rather heavy precipitation
was noted at several places. including
1.52 at Atlanta. t.3S at Macon and 1.14
at Augusta. Clear and colder conditions
prevailed in the Southwest. New Or
leans interests and room longs we're
among the heaviest Of early sellers,
while Wall Street traded both ways
Liverpool bought little cotton, as did
ring shorts.
The late sag in the market reflected
absence OF support and disposition oi
many longs TO tighten commitments.
fearing unfavorable weather develop
ments. In its last few minutes the mar
ket made new lows for the day.
The local spot market was quoted un-
changed at 1885 cents for middlng. No
sales were reported. The New Orleans
spot market was steady and unchanged
at IL cents and its sales were S69 bales.
The New York herald., 1922-03-12
sRIOR RECEIPTS.
I'D CI.EARANCEs.
MORO PIRATE MUST DIE.
Companion In Outrage on Dutch
subject. Gets Life.

MANILA. March 1.-Two Moro pirates.
Lollo and sarao. were sentenced respec-
lively to death and imprisonment for
life by the Supreme Court for a piracy
committed nearly two years ago in the
region of the Dutch East Indies.
Lollo and Sarao We're members OF
party OF twenty-four Moros who cap
tured boat occupied by twelve men
and women. subjects OF Hollend. The
cargo was seized. the men were beaten
and the women attacked. Two Of the
women were carried away and held cap
tivcs BY the pirates for many days.
Later Lollo and Snrao returned to their
homes MT Tawi Tawi. on the Island OF
Suiu. where they were arrested.
The New York herald., 1922-03-12
23.5 P. c. or DANISH
WORKERS ARE IDLE
High Wages 9r Dumping Of
Goods Blamed.

caFnNuAeEN, March -rNsmplog.
msut ~ nenmark has besn stsaaly M.
crcasinr month ~ month. averaging -
pcr cent. FOR tho whole of 'sel ana cur
fninating ~ December sim 1s psr
cent of tho totai number - Danish
workers. according 70 official reports
iieh wageA and tho dumping ~ cheap
central European goods are generally
hlA med FIR this state ~ aflnlfs
EconomifiS. however. ARE ~ tne ouius
ion that unemployment ln pcumark.
az cl4owhrrr. - natural coukeg 4rur~
or the fact that more than hAr %
Europc'H population are unable 20 huy
even the barrat necessities Some
statiTticians assert that the country ~
too small FOR her feFti'e population ~
less tnnn 1t1a~u
The New York herald., 1922-03-12
Large Credits Abroad.

British trade at present Is - per cent.
IN excess Of the, pre-war trade. The
British volume ~ exports has grown
only about one-half as fast a. that OF
the United States, records show. Fur
thermore. the balance % trade during
1921 ran about SOS. 10000 against Eng-
land. leaving British merchants owing
money abroad for the first time IN mod.
ern history. For tho United States the
balance OF trade piled up on the credit
side OF the ledger. leaving exporters
with large credits IN foreign countries.
American credits abroad now total
more than s3.coo.op.0oo 70 private az.
count. exclusive OF Government credits.
according to one estimate. This bal
ance is growing daily II represents d
The New York herald., 1922-03-12
nri,ish Decline greatest.

For England the decline was much
greater than for the United states. ~
1891 the totai cf British export values
was - per cent lower than in ls2e.
American trade. however, declined out
50 TER cent during 1891 a. compared
with 1929.
England. tbc most formidable com
petitor ~ the United states a. world
markets. y shown ~ have experienced
d FAR worse 1921 ~ foreign trade than
this county. rhc United states y nov
gaining new markets faster than tie
United Kingdom.
The United kingdom u fhe htst single
customer 0f the tnitca states w point
~ value ~ reyds purchased. AppfoNl-
maieiy ona-lhird - every pound that
ENGLAND epcnda abroad comes % 10
itnlle states wheat, msat mnh other
foods. together With 4 iarNe volume -
rns materials and soule manufactured
goods. represent thc British demands on
ths United states. VI the south british
buyers nre th~ natural outlet fur raw
c0tt N. although Gcfnany = again corn
ing 10 the forc ~ 30 fof this rrodQct
That explains commerce oGAeinls cay.
N plri the recent Fite ln market prices
0f ruW cotton.
British buyers ar Furnishing employ.
uent IN Chicago fcr thousands Hf on.
pinyees III the p@cssnr houses. Np some
eAfent they Az kerpinr nMsg tac W'wtl
ullIla of thr middle Wref
The New York herald., 1922-03-12
LIGHT COMPANY ADDS ro NET.

The Central Illinois Light Company's
report for 1921 shows net income avail
able for dividends. replacements and
depreciation OF ts35. .3Is in contrast to
s5ee.5iS IN 1920. After deduction OF s2io.-
900 for depreciation and si70.2ss for
dividends on It's preferred stock there
was balance or s255,oso-
The New York herald., 1922-03-12
CHICAGO PRICES.

wHEAT-No. red, Si.44; No. . hard,
dururn 81 40, G. /. q track N. v. TO arrive.
CORN-No. yellow and No . white,
T6hc.; No. mixed. 15stc.. r !. {. y. Y.
46fi46isc: No. white. f444iiac.: fancy
clipped white. Soc. ordinary clipped white.
5in-2c, all elevator.
Sf.1sis e. l. T. n. v. export.
NEUTRALITY-SUSPICIOUS.. 75nI19isc. c. 1. T. n. Y.
American and Canadian,
81 ~ nominal.
HAy-No 4. $27T2N: No. .. s25T21 No. 3,
S2IH20; shipping. s2lal23 q ton.
u~TIuIoR RITEIpTg
The New York herald., 1922-03-12
BID. AND ASKED QUOTATIONS

To the following prices accrued interest
Is to be added:
FOREIGN GOVERNMENT AND MUNiCI-
PAL BONDS.
The New York herald., 1922-03-12

This "a No. X a series 0i discussions pre-
pared by the Financial Department OF THE
NEW YORK HERALD. dealing with the pur-
chase and sale ~ bonds, stocks and other
securities and designed 70 repaint few guide
posts for the layman. b. which reliable security
brokers and genuine investments in general
may Be identified.
The New York herald., 1922-03-12

day for the private business OF the
United States.
As result OF the great war, Amer
ican exports scared 10 a total Of nearly
8. Coo. 90 90 a year This was about 10
per cent. greater than the pre-war pc
riod Few persons expected this ex-
traordinary flow of foreign sales 70 con-
tinuo. Many pessimistically predicted
that Immediately after England. France
and the scandinavian countries could
get back into world trade unhampercd
by war conditions the United states
foreign trade would fall off 70 the pre-
war figures.
American trade did fall OF. But not
10 ,rcwar levels either IN value or
volume. However, n big decline was
likcwlse recorded tn books OF exporters
OF England and all other countries.
The New York herald., 1922-03-12
Speculation, Its Purpose and Possibilities


legitimate where individual sufficiently acquainted with the routine of
legitimate finance
In stock speculation markets stock
established
Exchange through unlisted market facilities
for selling virtually do If stock well defined visible
market the speculative possibilities be called
reasonably good Lacking market stock has profit possibilities and
usually represents in the end a dead loss.
When there speculative securities available that visible
active difficult other
these market that fantastic profit possibilities
allowed at times supplant plain business logic
Likewise there good for trading with but reputable
established
The New York herald., 1922-03-12
The Investment Security and Its Function

The
funds safety
must be the considerations which determine the merit of invest
securities
Usually snotso judgment
worthless bonds
consideration, should little difficulty
dealing
ard
little than should buy 1t well remember
standard securities,
the difference.
be called The considerable difference
behind securities The should
values determine the worth
Bond to assist uin
select of which suit
indiv A reputable Stock Broker may reIed
advise against worthless peculations; it is
with his however, profits
actions.
The financial advertising coum Of YORK HERALD
a reputable Bond
o financial advertising columns, THE
Read the Financial News and Adver-
isements the Financial pages Of
The New York Herald every day
THE NEW YORK HERALD
The Financial Pages of The Herald considered by many good
Judges be the best Financial Pages published New York
The New York herald., 1922-03-12
U. S. LEADS WORLD
IN EXPORT GAINS
Now Sells i'm Foreign Markets
at Rate of ST, 100000
900 n Year.
New York Herald Eureau.
Washington, -. g.. Marrh ~.

peciaI Dispatch to TIM Nrw lorn Hrs,lp.
The New York herald., 1922-03-12
UNITED STATES GOVERNMENT BONDS.

Closing prices OF stocks n. which there
ere no transactions yesterday:
The New York herald., 1922-03-12
Speculation
and
Investment
and

The who desrous either Of investing taking
flyer in securities of kind will do well to remember that odi
nary business prudence just the purchase Of securities
the purchase all other things involving considerable outlay
of money.
Time plays speculation
Tmelns to
men before time has been taken make investigation counting
and financial
Take time to investigate both the security dealer and the security itself
before purchasing of any
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1922-09-22
HOBART

Miss Sena Berger of Indianapolis,
Is home visiting with her parents,
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1922-09-22
FROM SIMPLICITY TO spLENDoR

In Salt Lake City in October there will sc
exposition in which the Rock Mountain
states will join. One of the leading displays
will be an archway of jewels. To make it up,
$4,000 novagens will be used.
This magnificent curtain will stretch on
four steel poles a. feet above the ground. and
its brilliance will be enhanced at night by the
illumination of artfully placed searchlights:
What a step from the suspicion, the con-
tempt and the sense of strangeness inspired by
all mention of Salt Lake City not so many
years ago! Let US pass that by. and remember
Joseph Smith, his remarkable Book of Mormon
and the romantic cavalcades which he directed
from the cast across the prairies to his promised
land.
Whatever ones view of Mormonism-and
Mormonism is not today the freakish practice
that once it was--the firm faith, the tenacity,
the courage and the strength displayed by the
pioneers of Idaho and Utah cannot but draw
forth admiration.
From the simplicity of the prairie schooner
to an archway of $4,000 gems Such is Utah in
two generations. Such is the spirit of America.
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1922-09-22
McADOO'S NEW ITCH

The cat Is out of the bag. The reason
William G. McAdoo bought home in Los An
geles was not to enjoy the salibrious climate of
California, but to establish citizenship in that
state with the view to what may happen two
years hence. The bee which stung him in 1920
still tenants bis political bonnet.
William c. Lyons. whose claim to distinc-
ton Is that he served as sergeant-at-arms in
the last three Democratic national conventions
declares that McAdoo is an avowed candidate
for the Democratic nomination for president in
1924. He will have no opposition. it is claimed
in the California presidential primaries. and he
Is said to have already captured the Democratic
organization Of the state. Mr.. McAdoo has
been spending the past month or more in camp
ing, fishing, rafting the streams of the Golden
State and having his pictures taken.
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1922-09-22
RUSSIA ON TRIAL

Unfortunate circumstances are often offer
ed as justification for mans lack of success.
But when the unfortunate circumstances are
removed, no excuse is left him for failing to
make good The same is true of nation
Whatever good there may be in the gov
eminent of Russia, it has not had fair chance
to prove itself as yet. Internal disagreements
have been aggravated and intensified by a ter
rible national famine; and hungry nation is as
demoralized as hungry man.
But this condition is soon to disappear. Rus
sia's hunger is to be satisfied. According to
a statement made public by the department of
agriculture at Washington. five million more
tons of bread grains will be harvested this year
than in 1921. This will give Russia plenty of
food, and enough seed to plant much greater
area for next year.
America has done a great humanitarian
work in saving the lives of starving Russians
by her relief work. But she has done more.
She has given Russia fair chance to prove her
ideas of government. And now it is up to
Russia to take advantage of her opportunity
Is she pauper or merely a victim of circum.
stances7
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1922-09-22
NOTICE TO suBscRrBERs:
COLE AND BLUE GRASS

We recall ballad of years ago In which
one significant line stands out in memory. II
is this:
"She was bred in Old Kentucky. where
the meadow grass Is blue"
Kentucky blue grass always has been ia
nous, whether or not it has any influence on
the beauties of Kentucy womanhood. Now
comes the news that it also is useful. And
the news will help many poor argument in
defense of golf.
The very best grass for golf links, It ap-
pears. is the Kentucky blue variety. Last year
the golf courses Of the country consumed AGO.
600 bushels of blue grass seed. Ninety pei
cent of this came from Kaintuck. and most OF
the rest from Missouri.
So now how can anybody say that golf Is
a thoroughly useless diversion7 Think of the
Kentucky farmersl
Fortunate indeed Is 1t that blue grass seed
is in such demand. Many a colonel, it was
known, used to make a surreptitious living OF
the proceeds from his mint bed. That occupa.
ton has been knocked sky high by Mr.. Vol
stead. But the colonel with a patch of blue
grass on his estate has no occasion for despair
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1922-09-22

3-Where are the Chincha is
lands7 Ans. Twelve miles off the
coast of Peru.
4-In what state was President
Cleveland born? Ans. New Jersey.
51Where is Seven Dials? Ans.
In London about half way between
Trafalgar Square and the British
Museum.
6-Before prohibition how much
beer did the United State produce
Ans. One-tifth Of the worlds output.
How many alrplane accidents
were there in 1921? Ans. There were
ia.
Show many motor vehicles
were registered last year? Ans
1o,44s.632.
9-When will there again be FIVE
Sundays in February? Ans. In 1913
10-How many deaths occurred
from motor vehicle accidents last
year? Ans. 9.103.
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1922-09-22

We trust that he is having pleasant time.
and that his life will be spared to accept the
nomination, because we do not at the moment
recall anyone in his party who could be so east
ly defeated at the polls. Knowing the fighting
qualities of the G. 0. P. as wa do, we appreciate
that some of its members will be disappointed
because they always like to have forman
worthy of their steel, but you cannot please ev-
erybody all the time.
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1922-09-22

for a few days.
DR.. and Mrs. Weiner and daug h-
ter Miss Eunice visited with rela-
tives in Chicago yesterday.
Members OF the Hobart school at
tended the Lake County Fair at
Crown Point yesterday.
Mayor Johnson and party OF about
$50 Gary Boosters arrived here at
eight o'clock yesterday morning on
their two day good fellowship tour.
Speeches were made by Atty. Pier
son. Mr.. Dorman and Mayor John
son.
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1922-09-22
Citizens Trust & Savings Bank

Trust Company Indiana Harbor the State of Indiana the
Close of Business September IS, 1922.
RESOURCES
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1922-09-22
HOW MUCH q
DO Y
YOU KNOW .

WAS Paul Lawrence Dun bar
the poet. negro or a white man?
2-North of what degree of lati-
tude is the Southern Cross invisi-
BILE?
S-In the lumber business what
Is a de'tr?
4-How many people die every
minute in the world?
5--what disciple spilled salt al
the Last Supper?
6-When did Anericus Vespucius
reach the American continent?
Before the calendar wa:
changed what was the first day OF
the year?
S-Who drew attention TO the
markings OF canals on Mars?
9-Is Othello a comedy or ira
gedy?
1o-On what river was Rhine
founded?
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1922-09-22
"a! The Passing
II S-h-o-w ,

OUR pastor seems so severely
POSITIVE that there is a hell of
some kind
THAT we guess he must have
GOT an inkling as to how some
OF his congregation. not to men
ton
SOME OF his deacons
CARRY on on week days.
MEN are supposed TO be
SMARTER than women but did
You ever sec a man who
CAN sharpen q lead pencil
WITH a pair of scissors7
1T the proposal for chemical
DISARMAMENT is accepted
WE might begin with the
CHEMICAL blondes as the most
deadly.
ONE OF the most trying feature,
OF the aftermath Of war
AS it affects the ultimate con-
sumner
Is that everybody has
GOT the idea
THAT he isn't making any money
OUT of it unless it's at least 1875
per cent.
IF they work as hard on the
JOB as they do TO get 1t
GOVERNMENT service Win soor
BE 100 per cent efficient.
SOME people don't know
WHEN to quit
WHILE others know too
MUCH about quitting.
THE people OF Japan and
AMERICA will talk war for q
years
AND then when II comes
LAY Il ON tho statesmen and poll.
ticians.
THERE is no real suffering
IN Mexico now
EXCEPT that Of the schooIooy
WHO Is trying to learn the
DATES OF all the revolutions.
AFTER man quits smoking
HE wonders what becomes OF
ALL the money he was going L
SAVE by quitting.
THE trouble with reforming a.
a business
Is that person engaged in 1t
BECOMES so interested in tn.
work that he
GETS so he doesn'. want TO sec
EVERYBODY completely re
formed
AS than he wouldn't have any
thing to do
AND we imagine that eminent re
former
WHO recently announced in
HIS outraged way that a girl ma
ON only four garments
WHEN she enters tho ballroom Ii
THESE degenerate days.
WOULD rather much discover
AS he continues his research
THAT she had come down Z
| three
THAN that she had gone up {
| five,
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1922-09-22
DYER

on Tuesday morning Sept. 18th, a
tiny fapper discovered the home OF
Mr.. and Mrs. Arthur Koch al
Hammond and is comfortably set
tied there.
Mrs. Till Schweinfurth returned
to Chicago on Monday afternoon
spending the weekend with her
relatives here.
Misses Gertrude and May Jung
were Maynard visitors Sunday
Miss D6ny Somers of Hammond
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1922-09-22
The Times Newspapers

FOREIGN ADVERTISING REPRESENTATION:
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1922-09-22

visited with Alma KeilInan on sun
day
A little son named Raymond JOS
eph arrived at the home OF Mr.. and
Mrs. Tony Fagen on Monday morn
ing.
Misses Margaret Keilman and Ma
RE Overhage spent Sunday at Ham.
nrond.
Robert OConnors. Senior. Of Del
phil Indiana. spont Monday al Dyer
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1922-09-22

No known land animal has natur-
ally poisonous flesh. There are.
however. several fish whose flesh is
deadly.