davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1922-10-06
STOCK MARKET
RALLIES AFTER
WEAK OPENING
Receivers From Bear Drive in
Early Trading. and oon-
tinues on Upward Swing.
BY w. s. COUSINS.

(COpyrlRnt, I'VE, Dy Cosmopolitan NEWS
SerViCe)
NEW YORK, Oct. 6.-Relying on
the aid of the unexpected entangle-
ments in the Near East and the
weakened technical position of the
market caused by the generous rise
of prices since the opening on Mon
day, the bears launched a drive
against prices at the start today, sell
ing Standard Oils and other speCu-
lative leaders from l to points be-
low the level of yesterdays close.
Practically every division of the
speculative list felt the effects of
this drive, and stocks that had been
plunging forward at a rapid pace
took positive step to the rear
Studebaker and Mexican Petroleum
were Offered in liberal quantity. the
latter at 1929 being about points
down from yesterdays high.
After only short period Of wav-
ering. the whole market again
struck it's stride in vigorous fer.
ward movement. While the oils
were the spectacular performers
both as to the volume of transac-
uOns and vigorous price improve
ments, good buying was evident in
the industrials and specialties, and
considerable number of these
stocks sold into new high ground
for the year.
Standard Oil Up.
Standard Oil of New Jersey, after
losing 5 points at ZIG, pushed up
ward to 22412 for a new high, and
a gain of SO over yesterdays close.
Houston came next, with a spirited
advance to 9OI2, up 6 points. Mex
lean Petroleum changed front and
sold up from 1921 to above lSj,
and Tidewater Oil. which passed its
dividend in the early part of the
year, and sold down to l0924, made
a new high at 1854. The Standard
Oil Company of New Jersey owns
a 40 per cent interest in this com.
pany. Sinclair made but a feeble
response to the report that the
first well had been brought in the
Teapot Dome, flowing 2U.OOO liar.
relS.
dupont at 15S, National Elscuj, Mt
2O5H Air Reduction at 65, Corn
Products at 1922, WoOlw0rth at lH;,
- N''SS hI 10" ~ an represented new
flights into higher price territory
for this year Accumulation of thrsn
high priced mercantile company
shares has been in response to ;hC
most favorable statements of their
rate of earnings, with cX-'
peCtatiOnS of more liberal di|buu'Se-
ments to favored stockholders
Gulf States Steel was the most aC-
tive and robust of the steel group,
about four points to ~
United States Steel opened fraction
ally lower, but soon advanced to yes
terday's level. Movements in tn"
shipping, copper and speciality stocks
which have featured the previous st's-
Sions of this week, were not resulted
in the early. trading today.
The Washington times., 1922-10-06
To BUILD
POWER SYSTEM
ON CHEAT RIVER
West Penn Company to Erect
Steel Tower Line to West
Virginia Border.

CUMBERLAND. Md, Oct. THE
West Penn Power Company. OF
which the Western Maryland Power
Company, which has acquired the
municipal lighting plant at Oakland,
Md, is a part, is to construct 4
third steel tower line from ChaTleroi,
Pa, south to the West
Virginia State line. at a point near
Cheat Haven, and from there to the
Rivesville plant of the Monongahela
Power and Railway Company, located
on the Monongahela river, a few
miles below Fairmont, w. Va. This
last line will connect in substantial
manner the West Penn Power system
with that of the Monongahela Com
pany, control OF which was recently
purchased by the West Penn inter
eSts.
Contracts have just been let for
the addition of two large boilers at
The Rivesville plant, which will make
il possible to increase the output OF
hat plant 10000 XIV, making avail
able its entire present installed
capacity of 10000 XIV.
Application for a Federal court
permit to develop the water power
on Cheat river was recently filed
by the West Penn interests, under
which work may be completed on
the first power plant installation, OF
at least 10000 XIV. capacity. to De
located at the point Of intersection
of the Cheat river with the Penn
sylyania-W Virginia State line.
The company has extensive improve
ment plans in hand for both its
Windsor and Springdale plants, in
western Pennsylvania.
With the acquisition OF the
municipal plant at Oakland, Md,
will follow the construction OF
power lines through the western
and southern part Of Garrett
county to supply the coal fields
around Oakland and along the
upper valley of the north branch
of the Potomac river. This sec
ton will be connected to the West
Penn system through power lines
now under construction in Monon-
gala and Preston counties, w.
Va, by way of the towns Of King
wood and Terra Alta.
The cost of completing work now
under way and about to be started
under the program just announced
will exceed $4,000, 900, and will
provide employment for large
forces of men in the territory af.
fected throughout all next year,
It is stated that a market for the
additional power supply thus made
available will be readily found in
the mines and industrial plants in
western Pennsylvania. northern
West Virginia and Garrett county.
Md-that being the territory
served by the WEST Penn system.
The Washington times., 1922-10-06
REVENUE LOSSES MAY
JUMP TREASURY DEFICIT

Government revenue losses next
year because of the higher tariff du.
ties may increase the expected deficit
by 100000 900, according to Treas.
ury officials today.
Stocks of foreign merchandise
have been accumulated in such large
volume by American importers, espe-
cially on goods which were given
higher levies by the new tariff law,
that trade experts predict a falling
off in revenue from customs sources.
Congress figured on revenues from
this source of 100000, 900. about
800 100000 higher than under the
old law. Treasury experts estimated
today that the Governments income
from that quarter probably will he
much less than $500, 900. 900 during
the coming year.
The Washington times., 1922-10-06

Mr.. Messer, who Is president of
the James A. Messer Co, Inc, will
succeed Albert F. Fox, who has
been president Of the bank for the
past twenty-five years, but who has
been anxious to retire for some
time.
Mr.. Stryker, at present assist
ant cashier of the Federal National
Bank, and recently named as
cashier of the consolidated Federal
American National Bank, succeeds
Charles B. Bailey, who has also
completed twenty-five years of ac-
tive and valuable service with the
Columbia National Bank.
1t was announced that Mr.. Stry-
ker would assume his new duties as
head of the Columbia Bank on Oc-
tober 16. He has been in the
banking business here for the past
seventeen years, and has been with
the Federal Bank since 1t started
business in 1913, serving success
sively as secretary to the president,
note teller and assistant cashier.
The Columbia National Bank, or
ganiZed in February, 1887, is one
of the Oldest and strongest national
banks of its size in Washington,
having a surplus earned equal to
its capital of $250,000. The undi-
vided profits total 100000. 1t is
housed in a modern banking build.
Ing and is fully equipped to care
for the needs of present-day
financing in every respect.
The Washington times., 1922-10-06
COAL SHIPMENTS UNDER
THOSE OF LAST YEAR

Both anthracite and bituminous
coal loadings last Wednesday fell
below the daily average for October
of last year, according to reports to
the Association of Railway Execu-
tives today.
Anthracite loadings. totaling $3.50
cars. were fourteen cars below the
daily average for last October, while
bituminous loadings, amounting to
27.608 cars. fell 3.400 cars below the
daily average for October of last
year.
The Washington times., 1922-10-06
Chicago Grain Market.

CHICAGO, Oct. 6.-Strength a.
Liverpool and less favorable politi
cal news from the Near East were
factors that led TO a higher open
ing in wheat on the board of trade
Corn and oats followed. Trade waN
fairly active and scattered cover
ing by shorts and buying by com
mission houses found offerings
rather light Estimated receipts
We're for a moderate run Of cars.
The car situation and the conges
tion of grain in the East continues
unrelieved. Hogs at the yards wer"
fairly active and strong. Liverpool
closed 4 to 81 pence higher.
The Washington times., 1922-10-06
BAN ON COTTON GAMBLING
TO BE SOUGHT BY LAW

Enactment Of law to penalize
cotton gambling just as the Capper-
Tincher act prohibits grain gamb.
ling, will be urged upon Congress
by Senators from Southern cotton
growing States.
These members will hold a con.
ference before the Senate Agricul.
ture Committee begins the investi.
CATION of cotton prices and short.
ages. ordered by the Senate toward
the close OF the last session, Senator
Helm Dem) Of Alabama announced
today.
The Washington times., 1922-10-06
STUDY is ORDERED OF
PRICES OF ANTHRACITE

An exhaustive study of anthra.
cite coal prices and distribution
problems was ordered today BY
Federal Fuel Distributor Spens.
He dispatched his chief assist
ant. r. r. Wadleigh. to Philadel.
phia. to begin a tour Of the an
thracite regions. Wadleigh will
later visit New York
The Washington times., 1922-10-06
Seek to EIectrifY Roads.

The Staley system today asked
the Interstate Commerce Commits.
sion for authority to construct $50
miles of electrified railway and
225 miles of branch line in Arizona.
New Mexico and Colorado.
The Washington times., 1922-10-06
Local Stocks.
SALES.

Washington Gas SIS, $5O0G95A.
Washington Railway and Electric
Is, $3.000@74%, $3,000474A, $1,000
Q74%, 81 1,0OO@74%.
Potomac Electric Cons. 5's, 81 900
695%.
American Security and Trust Com
pany. 1O@283, 10@2S3.
Union Trust Company, Sq13S,
10@133.
Lanston Monotype. 20@8OA.
Mergenthaler, 1@167.
After Call
Washington Railway and Electric
pfd.. BOOTS.
Money-CalI' loans, sos per cent.
The Washington times., 1922-10-06
PUBLIC UTILITY
|SSUESP0PULAR
WITH INVESTORS
Banking Syndicates Report
Excellent Success With
Recent Offerings.
BY MUNROE ROBERTS.

copyright, 1922. by Cosmopolitan News
Service.)
NEW YORK, Oct. 6.-Banklng
syndicates have had excellent sue
cess in their recent offerings Of new
securities of public utility corpora
tions, both stock and bonds. The
financing of public utilities Is facili-
tated by the high rating which their
securities have always enjoyed
among investors. particularly OF the
companies which are known to be
conservatively managed by local
boards of directors. The next i'm
portant offering of public utility
stock will be that Of $12 900, 900 new
allotment of the Commonwealth
Edison Company.
Among today's new offerings is
an attractive issue of 12,5OO,OOO five
per cent refunding first mortgage
gold bonds OF the Milwaukee Elec-
trio Railway and Light Company,
dated June /, 1921. and due in 1861.
The issue Is redeemable as whole
or in part, to any date TO June /,
1928, at 1906 and interest, with the
redemption price reduced Il per cent
during each two-year period there
after.
Bankers who have been in fairly
close touch with the Treasury De.
partment state that the Government
officials are now considering three
possible plans of refundiny the wal
bonds which come due between now
and December 81: first, the issuance
OF a new allotment of treasury Ger.
tificates, which would be largely Alb
sorbed by the banking syndicates'
second, a three or five-year note
issue which has already been
authorized by the Victory Loan act.
and third, the sale of long term
bond issue, on attractive terms, TO
investors. generally through the
medium of investing banking organ
iZations and commercial banks. De
velopments thus far indicate that
any or all of these forms may be
resorted to.
Financing OF American corpora
tions during September was rather
heavy. the total of new notes, bonds
and stocks amounting to $2S0,000, 900,
against 1886. 100000 in August and
sos 900 900 in September, 1921, ac.
cording to the Dow-Jones summary.
The total of all issues for nine
months was slightly in excess of
81 SOC, 900, 900. September financing
was accomplished with a gradual de-
cline I'm interest rates. more bonds
being absorbed at 8 and 6 per cent
than for many months.
A small foreign loan appeared in
tOday's offerings. that of the State
OF Bahia. United States of Brazil,
S., ,000. 900 Of per cent twenty-year
sinking fund preference gold bonds
These bonds are redeemable at l07.
and are Callable by lot in equal in.
stallments beginning April. 1928. at
105.
An issue OF $685. 900 Wisconsin
Public Service Corporation first lien
and refunding mortgage per cent
gold bonds. series "a" due 1852, is
being offered at 9912, to yield sos
per cent, by Halsey, Stuart & Co.
The issue is redeemable before Sep
tember 30. 1882, at 1071a, and up TO
1912 at 105. and thereafter less one.
half per cent each year to maturity,
The Washington times., 1922-10-06
Market Comment

copyright, 1922. by Cosmopolitan News
ServicoD
NEW YORK, oct. 6.-Gencral
Improvement in the money situation
has been one of the marked fca-
lures of this week, following the
settlement of the interest and dlvi-
dend disbursements on October l
and the payment Of final income
tax installmentS on September l5.
This weeks statement of the Fed
eral Reserve Bank reveals a steady
gain in gold and in cash reserves,
and a decrease in Federal Reserve
note circulation.
1t is interesting to note, also,
that the reserve ratio of the banks
of the three principal financial CEN
terS of New York, Chicago and
Boston declined somewhat severely,
while that of the banks in most
of the other Centers made "A gain
in their reserve. Thus, New York
declined from S3.7 to SO.2. Chicago
from S7.7 to 500 while st. LOUIS
advanced from 63.1 to Gil, Knnc-
apolis from $50 to 6S.9, and San
Francisco from 67.5 to 6S.7.
The rally in prices of speculative
stocks which took place from the
opening on MOnday morning to
Thursday afternoon was of the best
in the current bull market PruC.
tiCaIly every section of the list Dir-
ticipated, with special performances
by the oils, rails and the industriaIs
In extreme cases the reaction from
last weeks low to Thursdays high
has been remarkable.
Thus, in the oils, Standard Oil of
New Jersey advanced from 1914 to
Z22; Mexican Petroleum from 17G to
1891; Sinclair from 32% to 363: in
the steels, Bethlehem "B" from 6qsI
to 755s: United States Stecl from
100A to 104ss; in the rails, Union
Pacific from 146% to l51as: Lacka.
wanna from 1904 to 143: Great
Northern preferred from SO to 94l,
in the equipments. Baldwin, 1905 to
1884,: Locomotive from 12Oix to
12S6s; Pullman from 12S to 1877 in
speCialties. Allied Chemical from
J6s to 66R: National Biscuit from,
1874; L. s. Realty from 7I.a to S75s
According to survey prepared by
the American Railway Association,
the total loading of all commodities
this year is about two million cars
under that of 1920 and about the
same number of cars over 1921. TIL.
loss in loading this year compared
with 1920 is due entirely to ,the de.
crease in local loading. This means
that as an aggregate, all other com.
rnodities show an increase over both
1920 and 1921. During the first
three months of 1922, the loading of
revenue freight Corresponded very
closely to the year 1920.
I.oadings of all classes of revenue
freight increased nearly 10 per cent
during the period from July |. this
year, the date when the strike OF
railway shopmen began, to Scptem.
her rs, compared with the CORE.
spending period last year. according
TO reports filed with the American
Railway Association.
The Washington times., 1922-10-06
Authorizes Rail Bonds.

The Interstate Commerce Com
mission today authorized the Chi
cago Eock Island and Pacific rail-
road 60 issue t5,0O0.O0O OF Z per
cent bonds.
The Washington times., 1922-10-06
Cotton Market.

NEW YORK, Oct. 6.-The cotton
market opened weak today. with
prices : to II points net lower.
There was heavy pressure from
Liverpool. the South and Wall
street, while New Orleans and local
operators bought.
The Washington times., 1922-10-06
Columbia National
Selects New Officers
James A. Messer to- Be President, With
Frank j. Stryker, Vice President and
Cashier AS Active Head of the Bank.
BY HARRY GUSACK.

Important changes in the executive personnel of the
Columbia National Bank, predicted some time ago, were
yesterday with the election of James A. Messe
president, and Frank Stryker vice president and
cashier the latter the active head of that institution
The Washington times., 1922-10-06
Oil Stocks.

Furnished by W. B. Hibbs & Co
Prices at noon: Bid. Ash
The Washington times., 1922-10-06

D. c. Paper Mfg. is ....
Riggs Realty SIS Qong).
Riggs Realty 5's (shorU.
w. NJ. Cold Storage SIS. q.
The Washington times., 1922-10-06

Copyright, 1922. by Cosmopolitan News
SeTViCo.D
Paragould soliphone. (Paragould, Ark.) 1918-1950, 1922-05-10
THOROUGH WORK
How Paragould Citizen Found
Freedom From Kidney
Troubles.

If you suffer from backache-
From urinary disorders
Any durable disease Of the kidneys,
Use a tested kidney remedy.
Doan's Kidney Pills have been
tested by thousands.
Paragould people testify. ASK
your neighbor.
Can you ask more convincing
proof of merritt?
John w. Pillow, r. F. d. 5, Box
5SA, Paragould, says: Il used two
boxes of Doan's Kidney Pills with
the best results that l ever got
from any kidney medicine. They
relieved the scalding sensation that
was always present when the kidney
secretions passed and cured me sc
that | didn't have to get up sc
often during the night. MY bacF
has never bothered me since ana
think Doan's Kidney Pills are &
reliable kidney medicine and wei
worthy of recommendation.
Coo, at all dealers. Foster-Mil
burn Co, Mfrs. Buffalo. N. Y.
Paragould soliphone. (Paragould, Ark.) 1918-1950, 1922-05-10

NOTICE IS HEREBY GIVEN, That
in pursuance of the authority and d.
roctions contained in the decretai or
dor of the Chancery Court of Greene
county, made and entered on the
third day of April, A. ID. 1922. In a
certain cause ono. 1413 then pend
ling therein between N l.. Edmonson
ct al Petitioners Eek Parte, the under
signed as Commissioner of said court
win offer for sale at public vendue
to the highest bidder, at the south
door or entrance of the County Court
house, in which said Court is held
i'm the County of Greene within the
hours prescribed by law for judicial
sales. on Saturday the Bird day of
June A. ID. 1922, the following de-
scribed real estate, to-Wit: The south
west quarter OF section thirty(30)
township sixteen GG) North, Range
six CD East in Greene County Ar
TERMS or SALE: On a credit to
November LIST, 1922. but not less than
three months, the purchaser being re-
uuired to execute a bond as required
| by law and the order and decree OF
| said Court In said cause. with APP
proved security, bearing interest "a
| the rate of 6 per cent per annun
| from date of sale until paid. and {
Hen being retained on the premise
| sold to secure the payment of the
purchase money.
Given under my hand this 4th day
| Of May, A. ID. 1922.
JOHN SIMPSON,
Commissioner in Chancery.
| Gune -
Paragould soliphone. (Paragould, Ark.) 1918-1950, 1922-05-10
ooMMIssIoNEn,s SALE.

NOTICE is HEREBY GIVEN, That
in pursuance of the authority and di-
rections contained in the decretal or
der OF the Chancery Court OF Greene
County, made and entered on the
sixth day of April, A. ID. 1922, in a
certain cause mo. 1449) then pending
therein between Clennie Johns. com
plainant, and j. NJ. Brandon. ct al.
defendants, the undersigned, as Com
missioner of said Court will offer for
sale at public vendue to the highest
bidder, at the south door or entrance
Iof the County Courthouse, i'm which
said Court is held, in the County OF
Greene within the hours prescribed
by law for judicial sales. on Satur,
day the Bird day of June, A. d. 1922
to-wit: Lot Number Three 60 in
ington and Brays Addition to the
city Of Paragould Arkansas. in Greene
TERMS of SALE: ON a credit t.
November LIST. 1929 but not less than
three months. the purchaser being re-
quired to execute bond as required
,by law and the order and decree OF
said Court in said cause, with APP,
proved security, bearing interest a.
the rate of 10 per cent per annun
from date of sale until paid. and s
| lien being retained on the premise!
sold to secure the payment OF th'
purchase money.
Given under my hand ths Attn da,
of May, A. ID. 1922.
JOHN SIMPSON,
Commissioner in Chancery.
| Gune -
Paragould soliphone. (Paragould, Ark.) 1918-1950, 1922-05-10
couN,ss,oNER.s SALE.

NOTICE is HEREBY GIVEN, That
in pursuance of the authority and di-
rections contained in the decretal or
der OF the Chancery Court of Greene
County. made and entered on the
third day of April, A. ID. 1922 in a
certain cause (No. 1415) then pend
ling therein between Mrs. Millie John
lston, in her own right, Delbert john
son. a minor, by his mother and next
friend Mrs Mile Johnston, Petition
ers. FIX Parte, the UNDERSIGNED. as
| for sale at public vendue to the high
est bidder at the south door or en-
trance of the County Courthouse, in
which said Court is held, in the
County of Greene within the hours
prescribed by law for judicial sales,
ION Saturday the Bird day of June
A. D. 1922, the following described
real estate, to-wit: The cast half of
! the northwest quarter of section Sow
en- ca township sixteen G6) North
Range six co East in Greene County
Arkansas.
TERMS OF SALE: on credit OF
| three months, the purchaser being re-
lquired to execute bond as re-
Iduired by law and the order and
decree OF said Court in said cause
/ terest at the rate of e per cent PEI
annum from date OF sale until paid
and q lien being retained on tho
|ipremises sold to secure the payment
Iof the purchase money.
n Given under my hand TINS attn day
of May, A. ID. 1922. -
Commissioners in Chancery'
II (june j.
Paragould soliphone. (Paragould, Ark.) 1918-1950, 1922-05-10

der of the Chancery Court of Greene
County. made and entered on the
fifth day of April, A. y. 1922. in a
certain cause tNo, 1i7D then pend
ing therein between j. ID. Wright, ct
al Petitioners eX parte the under-
signed, as COMMISSIONS of said couIt,
will offer for sale at public vendue 70
the highest bidder, at the south door
or entrance of the County Courthouse.
in which said Court Is held in the
County of Greene, within the hohls
prescribed by law for judicial safes,
on Saturday the Bird day OF June,
A. ID. 1922 the following descrin~d
real estate. to-wit: The west haiE OF
the northwest quarter of section
twenty eight t2S) township eighteen
GS) North Range sven CO East in
Greene County, Arkansas.
TERMS or SALE: ON credit TO
November LIST 1922, but not less than
three months, the purchaser being re-
quired to execute n bond as required
by law and the order and decree of
said Court in said cause, with APP
proved security. bearing interest at
the rate of per cent per ahnun
from date Of sale until paid, and a
lien being retained on the premises
sold to secure the payment of the
purchase money.
Given under my hand this 4th day
of May, A. ID. 1922.
JOHN SIMPSON,
Commissioner iii Chancery.
(june ~
Paragould soliphone. (Paragould, Ark.) 1918-1950, 1922-05-10
COMMISSIONERS SALE.

NOTICE is HEREBY GIVEN. That
i'm pursuance of the authority and di-
rertions contained in tn decretal or
der OF the Chancery Court of Greene
County. made and entered on the
sixth day of April A. ID. 1922. in "a
certain cause (No. 1445) then pend
ing therein between j. +. Futrell
complainant, and II. H. TAYLOR. ct al,
defendants, the undersigned, as Conf
missioner OF said Court, win offer
for sale at public vendue TO the
highest bidder. at the south door or
entrance OF the County Courthouse,
in which said Court is held. in the
County of Greene within the. hours
prescribed by law for judicial sales,
on Saturday the Bird day OF June,
A. -. 1922, the following described
real estate to-wit; Lot one ~ or the
northwest quarter of section four
ca Township Seventeen tlD North,
Range four tD East. in Greene
County, Arkansas.
TENNIS Or SALE: on a credit of
four months, the purchaser being re,
quired To execute n bond as required
by law and the order and decree OF
said Court in said cause. with ap-
proved security. bearing interest at
tn rate of d per cent per annum from
date of sale until paid, and lien be
ing retained on the premises sold TO
secures the payment OF the purchase
money.
Given under my hand this 4th day
of May, A. ID. 1922
JOHN SIMPSON, #
Commissioner in Chancery
Cune ID