davidaulloa/AmericanStories huggingface dataset:
Evening star., 1922-08-12
TWO SLAIN AT CHURCH.
Pastor and Farmer Victims as
Rowdies Halt Religious Services.

SOMERSET, Ky. August 1.-Two
men are dead and another was be-
lieved to be dying in a hospital here
as the result of gun fight at tho
close of religious services last nigh.
at Mount Victory. near here.
Abe Nolen. lay pastor of the church, :.
and Ester Dykes, a farmer. were
killed. and Ellis Richardson, another.
farmer seriously wounded. Police
said they were told that Dykes. Rich
ardson and several others sought 10
break up the service. and after 1t was
over had fired on Nolsn. =
Evening star., 1922-08-12
ected i'm Real Estate and Buildin
u. S. BUILDING SHOWS INCREASE.
MANY NEW HOMES PLANNED
First Half Year Gives Promise of Big De-
velopment-Operations Are Retarded
by Labor Troubles.

NEW YORK, N. Y. August 12-
Building throughout the country
reached the unprecedented high level
of $1,70o. 200. 900 during the first
half OF 1922, against $1,063. 100000
for the 1921 period. An unusually
high proportion involved small oper-
atoms. with 40 per cent residential.
Few skyscrapers or large industrial
plants are being erected. Railroads
and public utilities are doing only
essential construction. Labor situa-
ton has had a restraining effect.
Following table shows percentages
of residential. industrial. public
works and utilities and business
buildings under way June 80. 1920
to 1922, inclusive. as compared with
total:s
Evening star., 1922-08-12

banking circles. 1t need have little
effect on the real credit of private
firms"
X
General business is maintaining its
recent Improvement in spite of un-
favorable sentiment created by coal
and rail strikes. The index of the
Babson chart shows that business
is but per cent below normal No
change since last week
Evening star., 1922-08-12

The National Confectioners' Asso-
citation has set aside Saturday. Octo-
ber IA. as the date for the. annual
observance of Candy day" through
out the United States.
Evening star., 1922-08-12
Lumber Production Jumps.

Lumber production is rapidly ap-
preaching high figures of 1920. the
banner year. For the first half of
1922 production of the seven largest
lumber manufacturing associations
was 5,026.559,542 feet against $751;
Evening star., 1922-08-12
Finance and Trade Conditions

Of
an
New-York tribune., 1922-07-01
Would Weaken Investment

Question Kindly advise me whether Il
Ssi my s.. Ooh 6n per cont Nnw Yori
hd'son bonds in exchange for $4,000 IA
per cent United Fuel Gas Company secured
soiT bonds. 1881 also would Ike - SCI
$500 < ner cent New York Central Ran.
road -0l&. in exchange for United Frn
"4s company per cont l926--J G
Answer b. exchanging either Nov
York Edison 6'ss, 1871, or New yorF
Central 5s, 20l3, for United Fuel Gas
bonds YOU would be weakening youl
investment position. In the first in.
stance, despite an increase in current
return. you would be exchanging =
BOND that is not callable until 1885
tor ore that is cellablc at any time or
suitable notice at 105 In the second
instance, although again you wouc
obtain larger current return yo,
would face the possibility of being
forced to reinvcst your funds-if the
united Fuel Gas SIS. 1886, were re
deemed-et an unfavorable time. The
New York Central bonds are not call
able before 1851.
New-York tribune., 1922-07-01
Stock Good Investment

:, Cnestlon--Will you kindly give mo any
.tt'orma,lon possible regarding the safety
or An investment OF 80 900 IN Now YORK
telephone stock or bonds at per con, :?
" oHIo II be fair nVcst mont or does T.
verge on speculation Miss NJ C. r.
Answer--All the common stock of
the New York Telephone Company il
owned by the American Telephone and
Telegraph Company, but the former
company is now Offering preferred
stock to patrons and employees at 500
share, The dividend rate will be sla
per cent We consider this stock a
good investment, Tae company sn-
nounccd on Thursday that the sub
scription books we're closed and the
issue overa1bscrbed The stock VIII
probably soon be obta inable in the
open market. lou might also con
slider investing in New York Telephone
6 per cent bonds, 1870, selling recently
to yield about 30 per cent
New-York tribune., 1922-07-01
" ants to Sell at Profit

Nnostton n-pleese let mo know what YOU
a4dVls" in buying about thirty shares Of
Famous Players preferred 30 you think
Gould sell some time iater and make 4
proNt The interest appeals 20 me- bu.
cannot afford to lose --Mrs. Z l.. S
Answer-If you feel you cannot af-
ford to lose, you should not CONSIDER
tho purchase of stocks from a specula
tive viewpoint. In other words. your
purchases should be confined to securi-
ties on which the income is reasonably
sure. so that YOU would not he con-
cerned over market fluctuations. Al
though Famous Players preferred is
entitled to rank as business mans in
vestment, we do not believe this stool,
would be suitable for your purpose. We
thlnk your capital should be invested
IN hig h grade bonds, Or at least in pro
ferred stocks of a better grade tha n
Famous Players. Unless You have other
Investments. we think you should first
select such bonds as New York Tele-
phone IS, 1871; New York Edison 61as,
1941; Great Northern SIPS. 1862. or
Canadian Northern 6l2s, 1896.
New-York tribune., 1922-07-01
Whut's Behind
4ctiue Stocks &?
3A=Industrial Alcohol

The United States Industrial AL
cOhol Company is one of the many
corporations that must establish q
new basis of normal earnings. At
the end of 1921 the company had a
profit and loss surplus of $10,395,-
900 and an increase of S20,972,0o0
in property account to show for the
remarkably prosperous rerod 1916
1920. The generous distribute on OF
earnings in that period contributed
to complete omission of dividends
when depression came. The COM
pany was incorporated in 1906 ard
has since absorbed or acquired an
interest in a large number Of COM
panies manufacturing grain alc ohol.
Properties are carried at S42,240,
900. The S24,0Q0,000 common stock
is preceded by $6o00,0O0 of pre-
ferred and debt Of only S78.50O.
Net assets applicable to the com
mon, after allowing s125 share for
the preferred, are equal to $136.89
a share. Earnings in the ten years
ended with 1921 averaged 1855 per
cent on the average amount of stock
outstanding. Earnings ranged from
54.36 per cent on $4,000 900 stock
in 1917 70 a deficit in 1921 equal to
4.lS per cent Oh the $24,000,000 COM
mon now outstanding. On the basis
Of S24,00o,000 stock the company
paid dividends of Is per cent in
1917. 9 in 1918, 8 in 1919 and 1920
and IN 1921. Range of stock since
1911: High, l7lla in 1917 before
the sale Of 100000 new common
to stockholders at 500; low, IS in
1915. Yesterdays close. 55.
New-York tribune., 1922-07-01
Outlook for Oil Stncks

Question VIII YOU please give mo vour
advice about Texas Company preferred. if
GOOD 20 buy at present prjro; also What
about any OF tho Standard Oil st7ckso
read your investment Information news
every day and would thanl. you for some
he'p n th.s. also would like TO know If
You know anything about the United Sui
1hor Mines. Inc if the stock is any good.
the stock Is Texas common safe 10 buy
at present price or better to wait for a
little TO see il the market comes down /?
Answer There is no Texas Company
preferred stock. The common, which
is the only class outstanding, repre-
sents a share in the business of ore
of the most extensive independent
producing, refining and marketing COM
panies in the country. In common
with most other oil companies the
Texas Company experienced a material
shrinkage in earnings in 1921, but at
the present time it is we'll situat ID
financially and is in a position to
profit materially on q revival in the
industry. The stock has investment
qualities, but, being sensitive to earn
ings, it is at the same time speculative.
1t is suitable for You if YOU are in a
position to keep posted on current de-
velopments. On the question of the ad-
visibility Of purchasing Texas Company
now or waiting for 1t 10 reach lower
price 1"e must remain silent. It is out
side the province Of this column 20 fore
cast the action Of the market and we
could not make an exception in your
case. even if we we're in position to
do so. Standard Oil stocks are good
investments. but we have several time S
called attention to the fact that the
price at which they are now selling
reflects the expectation on the part Of
traders of some additional benefit m
the form of higher cash dividend
rate, or stock dividend, or distribu-
1ion of some kind. Whether such a
distribution will take place. and If so
when, is not for us to say. but in the
mean time the return on money in
vested in these stocks is low one
United Sulphur Mines stock is
speculative.
New-York tribune., 1922-07-01
Steel Common Late Opcner

1t was not until the afternoon deal
lngs yesterday that the stock market
became active and turned upward. An
indication Of the earlier apstny on the
part Of traders was the fact that
United States Steel common, by com
mon consent the market leader. did not
open until tnirty-six minutes after
the opening. The action of Steel typi-
fed the whole market in tae first hour
Fluctuations were narrow and the vol
ume showed a tendency toward a fur
Their contraction in transactions. A
more hopeful feeling regarding the
outcome Of negotiations involving a
settlemc1s. of the coal strike was evil
dent throughout the afternoons deal
ings, and this was reflected in active
buying Of stocks throughout the entire
list. 1hc belief was prevalent in the
financial district that with this vexa-
tious problem out Of the way the rail
road strike would soon be ended
New-York tribune., 1922-07-01
Bonds in $500 Denomination

Cuestioa--Win you kindly name. in order
Of their excellence. three or four long term.
non-caliabl- bonds coming in $500 pieces?
Safety hotn as 70 PRINCIPAL and interest
Is the only requisite. J shall be satisfied
With 4 yicid OF i.75 to 500 Bonds SELL
ing under par I prefer. Do you call the
New England Telephone and Telegraph 5s
Series 4. gilt edge or nigh grade? Are
there any indications that United States
Rubber common and Kelly Springfield COM
mon VIII resume dividends?--H. /. l..
Answer-As we use the term, there
is often only shade Of difference be-
tween gilt edge and high grade bonds.
We consider New England Telephone
and Telegraph IS high grade issue.
They do not come in $500 pieces The
following bonds come in $500 denomi-
nations and meet your requirements in
other respects: Atchison. Topeka g.
Santa re adjustment As, 1895, yielding
about 485 per cent; Bethlehem Steel
first and refunding 5s. due l942, yield
ing about Sc per cent; General Elec-
tric debenture 8 l2s, due 1912, yielding
about 30 per cent, and Montana Power
5s, l943, yielding about 5.3 per cent
We cannot attempt to say what the
prospects are Of resumption of dvi-
dends on the two common stocks.
New-York tribune., 1922-07-01
Stock Prices
Rule Firm In
4 Dull Market
Railroad Shares Score a
Slight Rise D e spite
Strike Threat; Industrial
securities Also Climb

a. ~. eve Of the threatned railroad
~. sceculative security prices IN an
~.r.selv dull session were firm in tone.
:. II. morning, dullness was the moat
-....d in weeks. The days best prices
..- n. most part we're attained toward
-. .,cse. without, however, increasing
,,.,v;ty 20 any large extent
r.. belief permeated the financial
,....;,. ,hs. President Harding would
a,.. big stick and settle the coal strike
asv and If this expectation is real
;..1 distinctly favorable factor will
\. operative. There was an almost
..r;nous tendency in banking and
,rok.rage quarters TO depreciate the
.e,.,< of the railroad strike scheduled
r., to-day. Although granting that
.~,.p, Of workers may so out, the aver
-. ,r.jculator Of Wall Street opinion
20, inclined to discount the Importance
=. walk.out. This view was reflected
i rise of the average quotation at
-. close of twenty representative rail
,,,d shares to 1880, compared with
-snn the previous day. Industrial
.h.res. led by a gain OF 2+a points by
s,,debaker, which recaptured the posi-
,;or of leadership borrowed for fort
NIGH. by the readily inflated Mexican
Petroleum, climbed higher also.
Tn. bond market was fairly strong,and
.,.r. were indications of a slightly in
creased demand early in July as result
~ the new reservoir Of investable funds
Consisting of money obtained on divi-
dends and interest payments due to-day.
Rejecting the massing of funds to meet
Iuly disbursements call money rates
we're again relatively stiff, opening at
AZ per cent and closing at 5]a per cent
In the international money market
IRE race Of the mark toward zero went
further. and the German unit of cur
-.scy measured in dollars, was once
more quoted a. the lowest level in his
tory. The collapse of the infinitely in
s,,ed mark had no unsteadying effect
on the other European currencies.
Cotton prices, in a quiet market, de-
elned 8 to IS points as traders evened
IN their position for the weekend.
Wheat quotations closed three-eighths Of
cent to fve-eighths of cent bushel
lower
New-York tribune., 1922-07-01
In Wall Street
Lamont Seeks Sec,,s;on !, vos.

FolIowIng the statement by Minister
de la Huerta tnat he had received un-
official advices from Mexico that the
Administration had approved the agree
ment entered into with an interna
tional committee Of bankers. headed
by, Thomas W. Lamont, for the re-
habilitatlon OF the Mexican national
credit, Mr.. Lamont will leave to-day
lof month vacation in the West.
Mr. Lamont viii be at d country place
far away from the lines Of communi-
cation, and at j, ?. Morgan & Co.'S it
was said tnat every effort will be made
to leave Mr.. Lamont undixturbed until
his vacation is over. In the neeot,a-
tions incident to international finance
since the war MIR. Lamont has been a
leading figure
New-York tribune., 1922-07-01
Lord & Taylor Dividend

With reference to the declaration of
a IL per cent dividend on the first pre-
ferred stock, paying the accumu uated
back dividends for the period from De-
cember /, 1916, to December /, 1918,
Samuel w. Rey burn, in a letter to
stockholders, says: "The company is in
excellent financial condition. Unless
something unforeseen should happen
we believe that in future you will re-
ceive quarterly dividends on the first
preferred stock
New-York tribune., 1922-07-01
Stock Exchange Firm Changes

Changes in the personnel of Stock
Exchange firms, to become effective to-
day, and the consolidation Of two firms
previously operating separately were
announced yesterday.
Halsey & Hudnut and Teft e. Co.
have dissolved by mutual consent and
united under the firm name Of Tefft,
Hsisey & Co. The new firm consists
Of Erastus 7. Tefft, R. T. H. Halsey,
Mark w. Reeves, De Witt C. Noyes and
Walter r. Price.
W. A. Moore jr. has been admitted as
a general partner in the firm of c. I.
Hudson & Co.
Louis J. Weig,e has been admitted to
partnership in the firm Of Loew & Co.
Philip G. Cammann has been ad-
New-York tribune., 1922-07-01
Auto Price Cuts

Announcement yesterday of new
price cuts on Hudson and Essex cars
was considered as tantamount to more
severe competition in the passenger
car industry. The financial district
heard, in this connection, that the
General Motors Corporation has per
fected plans for competing more di-
rectly with the Studebaker Corpora
tion through its Buick division. and
it was believed tnat cuts IN the prices
Of those cars may be looked for shortly:
Alfred p Sloan jr, vice president Of
General Motors, IN charge OF, opera
tions. announced yesterday that ar
rangemcnts have been completed for
the erection Of u modern and complete
service building in the heart OF the
automobile district for the joint use
OF the Buick and Oakland organiza-
tiOns.
New-York tribune., 1922-07-01

mitted as general partner in Pearl
Co.
Joseph F. McCaffery has been ad-
mtted into the firm Of Fellowes, Davis
e. Co.
E. Tucker Sayward, of Boston, has
been admitted to partnership in J. R.
Williston & Co.
New-York tribune., 1922-07-01
Investment
Information

Qvesfions Of general interest TO IN
cestors 81 ! be answered in this coli
umn. IN uhich case only initiris Win
be used. Others D,tl be ans7ccred by
md'i. Address all inquiries, incios-
tn0 a stamped. addressed cnpelope, to
Financial Editor. The Tribune, ISL
Nassau. Street. New York City.
New-York tribune., 1922-07-01
Canadian EXCHANGE Rate

OTTAWA, Ont, June 3o--The rate
of exchange on shipments of freight
between Canada and the United States
from July to July "A will be ~ per
cent and the surcharge per cent, it
was announced to-day. The rate of
business will be based on per cent
exchange.
New-York tribune., 1922-07-01
National Banks and Their Branches

The First National Bank of St. Louis
is making test case of the right of
national banks to open branches. There
is q wide difference Of opinion regard
ing their right to do so. Representa-
tive L. T. McFadden, chairman of the
House Committee on Currency, IN
recent speech expressed the view that
the national banks have the right un-
der the present law, but Comptroller
Crissinger was yesterday quoted IN
dispatches from Washington as saying
tional banks could open additional Of
fees, but not branches The essential
characteristic of full-hedged branch
is ability to accept deposits. No for
eign banks are permitted by law to
open branches in this country. State
banks may open branches and do, and
since under the Federal Reserve sys-
tenn state banks by joining the Re-
serve system get virtually all the ad-
vantages of national banks, the latter
feel that they ought not to be denied
the right to start branches. Several of
the large national banks in New York,
including the National City Bank and
the Mechanics and Metals National
Bank. have branches, but they OBJ
tanned them in a roundabout way
State banks with branches may obtaih
national charters and retain their
branches and then merge with other
national banks. This latter right to
consolidate was established by a Fed
era law passed in 1918. This subject
is much under discussion in the finan
cial district, and may be a primary
matter of debate at the convention OF
the American Bankers Assoc iation
next fall. Local bankers say that there
is nothing clearly in law to prevent
them from opening branches but that
they have been deferred from doing so
by adverse opinions handed down by
previous Attorney Generals. A dis
patch from st. Louis yesterday called
attention TO the fact that the Missouri
Supreme Court had granted a tempo
rary writ in the quo warranto proceed
ings instituted by Attorney General
Barrett against the First National
Bank, which is rcturnable in ten days.
The order does not restrain the bank
from operating the branch already
opened. but from starting new
branches. The bank is expected to
plead that the matter is outside state
jurisdiction, being solely in the prov
ince Of the Comptroller Of the Cur
rency and the Federal courts
New-York tribune., 1922-07-01
New Financing Imminent

After the Fourth OF July holiday two
new issues, an industrial and a public
utility, will be publicly offered. A syn
dicate in which Halsey, Stuart g. Co.
and the National City Company will be
participants, will, it is understood,
place on sale 13,500,000 Twenty-Five
year per cent bonds Of the Detroit
City Gas Company.
New-York tribune., 1922-07-01
London Market Firm

LONDON, June 30.-Prices firm on
the Stock Exchange to-day.
Bar gold was quoted at 93s I'd.
Money was loaned at per cent. Dis
per cent; three months bills, 2A@
2 sis per cent.
Consols for money were quoted al
SIX. British per cent loan at l0oA
New-York tribune., 1922-07-01
Paris Market Firm

PARIS, June 60 Prices were firm
on the Bourse to-day. Three per cent
rentes, 81 francs IS centimes Ex-
change on London, 50 francs So CEN
times. Five per cent loan. rs francs 80
centirles. The dollar was quoted at
ii francs 991a centimes.
New-York tribune., 1922-07-01

Stock FycI1aope II
no u All actnhs yes
BID Asked
ADJ RUM II y
do pf II ~
Alaska & NJ u =
, AID x SIS lSo'3 zoo
Alleg NeSt 100
( 4 ! a tah-e ] -. ia
Ait Eesl Il
Ans Gu =: - 95ir
ANA! Sug = y
an Il Noe ~ ~
90 pt 81 = -
\ Bet ) p: 9l2 20
Am Is : / p loo 5 JUS
AM Can pi lni lp6
Am { + pf ll"'. III
Am Ch-cle " 10
IN pi ...-. G5'2 %
I'm eo2l =" -
Am g . pf 70 20
+ y III II ~ l. ie2 -
Am 700 p i-p ~
= ~ ~ " ~ =
Aln vi, Hs'ia a ~, '1
an = " !" y o az -, ,,, :
$40 ~ = - .. =
am ,HH ~
40 p' ~ 2 w.
\ Ses IL IL ~" !o2 2 Ipn
\ sun u, i Pi ." oS S
am ici d ~ ov
\ III W d llc pi - ~ =
New-York tribune., 1922-07-01
The Dollar in Foreign Exchange

Foreign exchange rates held steady
yesterday, sterling advancing % Of
cent to S4.4lie for cables on London.
Continental rates were slightly higher
on the average.
New-York tribune., 1922-07-01
Bid and Asked

Following are the closing bid ard
asked quotations OF stocks listed on the
Stock Exchange in wnich .here were
no tran actions Yesterday:
New-York tribune., 1922-07-01

Bank Clearings - Bank clearings at
New York yesterday were: Exchanges,
ssS6,500o00: balances. s95 100000,
Silver - London, 36hd; New York,
domestic bar. 993sc; foreign, 70%c;
Mexican dollars, 541sc.
New-York tribune., 1922-07-01
and British Az per cent loan at 95
London Metal Market

LONDON, June 30-Standard cop
per, spot, 4s2; futures, ss2 los; eiec-
trolytic, spot, $50 los; futures, f7l;
tin, spot, f152 15s; futures, fi53 lbs.
Lead. spot. s25; futures. f23 15s. Zinc,
spot, eos; futures, f27 Is.
New-York tribune., 1922-07-01
Money and Credit

Call loans renewed on the Stock
Exchange yesterday at 4la per cent,
but advanced by the close of the stock
market session 70 5l2 per cent, re
p.ating the performance Of earlier in
the week The jump in the rate was
rot attributed so much to an increase
in the demand for funds from brokers
as to a calling Of loans resulting from
preparations OF interior banks for
meeting their July | requirements.
The furry was regarded as only tenn
rorary
New-York tribune., 1922-07-01

-Four full columns Of in
restnaent questions and an
srers wiH be published in
The Tribune erery Sunday
and Monday. On other days
one f,sil column .ciI appear.
New-York tribune., 1922-07-01
AIansdcuOns yesterday lin Listed Stocks
Summary of Stock Exchange Dealinos

tCopyeht, 1877 NewYork Tribune Inc -
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1922-10-13
KING COUNTY BEE SCHOOL.
Annual Beekeepers School to be
Held at Seattle October
20, "a and %.

Teh annual beekecpcrs school
for King county will be held in
the assembly room of the Seattle
Chamber of Commerce, ninth
floor, Arctic building, corner OF
Third avenue and Cherry street
on October 23, "a and rs, County
Agent A. B. Nystrom announces.
that all bcekeepcrs are invited and
that the lectures are free. Below is
tentative program;
Monday, Oct, %, 10 a. m.-Pur,
pose of the school, county agent
Address of welcome, president Bee
keepers association. Response
G. W, York, Qualifications of Il
Beekeepcr," B. A. Slocum. "Bec
Equipment and its USE" w. L.
Cox, "Location of the Apiary,'
G. W. York.
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1922-10-13
STATEMENT OF OWNERSHIP.

OF the ownership, management,
circulation, etc, required by the
Act Of August "a, 1912, Of The
VaShon Island New s. Record,
published weekly at Vashon,
Washington, for October, 1922.
Editor, business manager, pub
Usher, owner, p. Monroe Smock.
Known bondholders, mortgage
ors, and other security holders,
holding one per cent. or more Of
total amount Of bonds, mortgages
or other securities: Vashon State
Bank Of Vashon, Washington.
p. MONROE SMOCK.
Sworn to and subscribed before
me this 9th day of October, 1922.
Y. HANSEN,
Notary public, Vashon, Wash.
My commission expires March 6,
1926.
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1922-10-13

Afternoon program Fall
Management" BA. locum. "Wm,
ter Management" W. H. Cox,
Tuesday, Oct. "a, forenoon
"prmg Management" b. A, Slo.
cum. "Requeeninng and Queen
Introduction" W. Il. Cox,
Afternoon program" Uniting
and Transferring" G. W. York
"Swarm Control, " W, l.. Cox
progress Of Bookkeeping in the
State" b. A. Slocum.
Wednesday, Oct. %, forenoon
"Thc Harvest" G. W. York
Diseases of Bees" B. A. Slocum
Afternoon -" Marketing" W
u. Cox. Ground Table" G. W
York, 400 p. m, Bcekeepers
association meeting.