davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-05-15
NEW ENGLAND MILL STOCKS.

BOSTON. May 1.-THE following Sc
curities were sold at public auction last
week:
ITO American Mfg. Co., scrip, Off at n.
Wamsutta Mills, 1i3.
20 Hamilton Manufacturing Co, 73.
Contoocook Mills, common, 20.
~ Canadian Conn. Mil. preferred, s0iz.
125 Canadian Conn. Mill, common, 6is at Ss.
~ Nassau Manufacturing, preferred. 10.
q Hamilton Wooden, 7ga4.
West Point Manufacturing, 1919.
Grafton & knight Mfg. preferred, J0a
Boston Betting, preferred. -.
I Grinnel Manufacturing. 13i.
30 u. S. worsted, first preferred. at ~
T3 Merrimac Chemical. s4iA at sJis at 50
20 American Brick, preferred, l6
II American Brick, common, 1ii.
80 Wiclswire Spencer steel, preferred, 20.
30 Draper Corporation, i5i.
20 Fisk Rubber. first preferred, S2h.
The New York herald., 1922-05-15
THE HANOVER NATIONAL BANK
of the City Of New York.
Nassau a Pine SITS.

INeW 1UTK, May % IS-z
To the Shareholders
of The Hanover National Bank n
of the City of New York:
Notice Is hereby given that a special meet
ing OF the shareholders OF this Bank has
beea called and will be held at 10 O'Clock
A. M. on Tuesday. the sixth day OF June
1922. at the banking office of The Hanover
National Bank of tie City of New York
corner OF Nassau and Pine Streets, Manhat.
tan, City of New York. TO vote upon the
following resolution
RESOLVED. that. under the provisions y
OF the Act OF May I. 1886, the Capital
Stock Of this Association he Increased in
the sum of $4,000. 900. making the total
capital 81, 5,O00. .00O Said increase shall be
made by stock dividend from the un-
divided profits OF the Bank, and to vote
upon such other matters may properly
he brought before said meeting
BY order OF the Board Of Directors.
WILLIAM =. CABLE. JR.. Cashier.
The New York herald., 1922-05-15
Fan shoe style show To-day.

From responses to invitations sent to
shoe retailers throughout the country
the attendance at the women's fall shoe
style show which opens to-day in the
Hotel Commodore. will break all pre-
vious records. The show is being held
by twenty Brooklyn manufacturers of
women's shoes who are members of the
Shoe Manufacturers Board OF Trade of
Greater New York and will continue
through Wednesday. There will be two
performances daily, one in the afternoon
and one in the evening. The exhibitors
have agreed TO hold the new models to
definite style trends in an effort to elm
mate confusion created among shoe re-
tailers by an extremely wide range of
styles, which has been largely respon-
sible for hesitancy in ordering distant
requirements.
The New York herald., 1922-05-15
OLDEST MURDERER TO DIE.
RossI, 90. wceps when Told New
Trial II Denied.

Michael Rossi. CO. wept yesterday y
when Informed at Sing Sing that the
Court OF Appeals has just denied him q
new trial. Rossi must die June 26.
Unless Gov. Miller commutes his sen.
tcnce, Rossi will be the oldest person
ever put to death by capital punishment
in New York lie was convicted of kill
ing Antonio Orlando In Tuckahoc
The New York herald., 1922-05-15
MANY LEHIGH CARS
STILL IN BAD ORDER
Loomis in Annual Report Tells
Ills of U. S. ContrOl-Urges
Fair Rates.

The Lehigh Valley Railroad Com
pany's pamphlet report for 1921 shows
net income of slO,O50,797 alter deduc-
tions for fixed charges. equivalent
after preferred dividends to $500 4
share on it's s6O.50l, 700 $50 par) com
mon stock. In 1920. with the aid OF
Federal rental and guaranty, it's final
net income was $13,511 ,917. or s11.15
a share on it's common stock.
The income account for 1921 COM
pared as follows with that of the pre-
ceding year:
The New York herald., 1922-05-15
GAIN IN cMIcAGo CLEAnINGs.

Spccidi Dispatch to THE New YORK HERALD.
CHICAGO. May IA. - Chicago bank
clearings last week Increased $685.
100000. or 7.6. per cent, over those of
the corresponding week last year. The
weeks total was s534.50O,OOO, against
s496.4 900 n year ago. and S722.-
100000 last week. Clearings yesterday
were sS6,500,00o.
The New York herald., 1922-05-15
WOMEN LAWYERS TO CANVASS

Sevcnty-five women lawyers viii can
vass in cap and gown IN the courts for
the benefit OF the Salvation Army ON
Lawyers Day. May %. They have been
organized by Dorothy Brooks.
The New York herald., 1922-05-15
TODD DRY DOCK AND
CONSTRUCTION CORPORATION
NOTICE OF ANNUAL

MEETING OF STOCKHOLDERS.
THE ANNUAL MEETING of the stock
holders of this Company will be held on the
21st day of June, 1922. at o'clock in the
afternoon, at the office of the Company, No.
% Broadway, New York City. for the pur-
pose of eectng a Board of Directors. receiv-
ing and acting upon the reports of the Off
GERS, and for the transaction OF such other
business as may properly come before the
meeting.
Dated, May IL. 1922.
CARL n. RIEDEL. Assistant Secretary.
The New York herald., 1922-05-15
EARL A. SMITH ON BENCH.

Earl A. Smith of NIcEligott & Smith,
33S West Twenty-third street, has been
appointed temporary city magistrate
to MI vacancy caused by the Illness
OF Magistrate Matthew r. Breen. He
presided in Jefferson Market court yes
terday.
The New York herald., 1922-05-15
TO THE STOCKHOLDERS OF THE
CHICAGO, MILWAUKEE AND ST.
PATTI. RAUVWAX COMpANY.

fAOL RAILWAY COMfANI:
NOTICE is hereby given to you that pur-
suant to the Articles of Association and
BYLAWS Of said Railway Company. the
Board Of Directors OF said Railway COM
pany has called the Annual Meeting of the
Stockholders of said Railway Company for
the choice or election of Directors and other
purposes. and the transaction of such other
business as may properly come before said
meeting, TO be held at the Principal Office
OF said Railway Company Majestic Build
Ing. In the City of Milwaukee, State of Wis
consin. at twelve o'clock Noon on Thursday.
the eighteenth day OF May, 1922.
Each stockholder of said Railway Com.
pany will be entitled to one vote. either In
person or by proxy. for every share of stock
owned by him for thirty 800 days neu
preceding such meeting.
The Stock Transfer Books will be closed
at the close of business at, three O'CLOCK
p. NJ. on Monday: the 18th day OF April.
1922. and reopened at the commencement OF
business at ten O'Clock A. NJ. on Friday. the
10Th day of May, 1922
Dated, March 18th, 1922.
BY order of the Board Of Directors.
r w ADAMS Secretary.
The New York herald., 1922-05-15
READING COMPANY
General Office. Reading Terminal.

Philadelphia May II. 1922.
The Board of Directors has declared from
the net earnings a quarterly dividend of one
per cent. ue6) on the First Preferred Stock
of the Company, to be paid on June y. 1929.
TO stockholders of record at the close ofs
business May 49, 1920. Checks VIII be mailed
to stockholders who have filed dividend
JAY v. HARE Secretary.
The New York herald., 1922-05-15
DIVIDENDS AND INTEREST.
paramount 0iclA1gs
To the Stockholders of
FAMOUS PLAYERS LASKY col

New York, May s. 1922
PLEASE TAKE NOTICE that the
regular quarterly dividend at the rate of
$500 per share. on the common capital
stock of this Company issued and out
standing. has this day been declared.
payable July 1st 1922. to stockholders ot
record at the close OF business on Juno
18th, 1929.
EIEK JOHN LUpVIGH. .Secretarv.
The New York herald., 1922-05-15
NOTICE is hereby giuen as foIlous:

Detroit United Railway called for redemption 1922
the Office of Company of York.
80 Broadway Manhattan York City, iOOH per
face value of principal Two
Dollars face value of Notes the issue The
numbers of the Notes which
BY the Trustee and which hereby called for redemption
The New York herald., 1922-05-15
ELECTIONS AND MEETINGS.

CHICAGO. MILWAUKEE AND ST. PAUL
RICHARD TRIMBLE. Secretary.
RAILWAY COMPANY
NOTICE OF "
ANNUAL MEETING OF STOCKHOLDERS.
The New York herald., 1922-05-15
RECEIVERS IN BANKRUPTCY.

Receivers in bankruptcy appointed Satur-
day in United states District Court were:
MAX J. OBERMAN, 10 East Thirty-third
street-Harriet b. Goldstein. receiver; bond.
HARRY wBIcHHoLTz. 4s Little West
Twelfth street-Rose Weiss, receiver; bond,
REUBEN. BELoTsTozKY. 1924 Bathgate
avenue-Shirley NJ Moore. receiver; bond,
INTERNATIONAL MERGERS. INC. % East
Twenty-sixth etreet-Fanne Horowitz, re-
JOSEPH GALoWITz, 90 West Thirty-cighth
street--Lina Mayors, receiver: bond. $500
FREDERICK =. MARCH. 400 Nints avennec- e, aeo
RAY WETNER, 1.74i Madison avenue-Mar-
saret wardell, receiver: bond. $500
j. NJ. TALLEY G. CO.. so Wall streetmHar-
old Riegelman, receiver for Jesse Nj. Talley
and Walter T. OFT; bond, 5000.
PosNICK NoNAs COMPANY, INC. IS West
Twenty-first street-A. NJ. Levine, re-
ceiver. bond, $500.
JUDGMENTS FILED.
The following judgments were filed satur-
day, the first name being that OF the debtor;
MANHATTAN.
ALTMAN Max-M Rothenberg. =. S26s. 80
ABRAMOWITZ. Joseph-P. Wiener. $500
BALINISY. Abraham-w. II. Ken
BALINKY. A.. and Marvel Needle
ct al. .....,............ 1,o2e53
BUSCEMI. Charles-A. ~ AMIGO -. 1861
McCiuincss .................... 47s.4i
coNNETL, James C.--H. schwarz.. s2s.l5
sAME--I. Friesner ............. 2s3. 10
y. 1nc-w. G. smith ........... 1.1o7.o2
River Butter Co. Inc.'........... 1908. ~
FRANK, Smon-E. Marcolis. 2Q2.it
GUZZAEDT, 1NC.--B. Wynn. ...... 36q.ii
GAIsLIPOLT. Peter-D. Cantasne... 50I.S2
GREDlNGER, Anna. or Aanger-F.
GODDESS Observation-Disclosures CO.
INc.-Niax Mcndcl Laces. Inc. -. 2eo.Go
GRADWOIIL, Francis (Gradwohl
Hubbard Floyd Co. Inc: 80. $3.50
r. II. Hopkins. ................... $780,
HAMMER. Max--A. Lurie ct al. ~. 2.O09.5I
| KAHN, Montifiore &C webb. 393.T0
KEIL. Frank J.-orinoco Realty
| Coz Inc. OBSERVATION-DISCLOSURES. 33SI 70
L. p. FOSTER co. INc.-J. ii.
Finch Observation-Disclosures. 4e47i
LEVINE. Morris-H. sagolowutz. e2ase
| McCAFFERTY, John J.--P. Reilly. 477.9S
Inc .....'.......... 2ss 4e
| MASTERS, Harry--L Jacobins. .. 800 20
| MCGOWAN, Elizabeth--M ITaupt. 36. Al
/ MANSFIELD, George %. q. Con-
late %. 80. .................... 24i45
NuSBAUM Rubln--Procter Gam
bic Distributing Co. Co...t........ 514o7
METAL CoRP.-Baer Bros. ..... 4,ass "a
ROMAN. Hazel F.--N McGovern.. 5g3J0
J. wieser ...,r....,l........... 2452o
SHAPIRO, Israel S.. Saul shapiro.
soiowitz-H. s. Meirhard ....... i,oio2o
trust 60, 80. M ................ 2,2es. 20
| Surety Co,.''..,, ls,Ao.sI
The New York herald., 1922-05-15

sEIpMAN, wnliam-F. Melcher. i.77i.7s
wAL-SO ELECTRIC CO. INC
American Brass & Copper 90. 41o27
WETNTRAUB Alexander Globe
WEST nth ST. GARAGE, INC
MAJ. District Telegraph Co n. Y. 2eo25
WOJNER, Symon - Jaburg Bros,
lnc. ...s...... .ss'........ .......... 2t0UJ
BRONX.
COOPER. Harry. Louis Cooper and
Gabriel s.. Iasner American
woolen Co. Of n. Y. ........... s6.1o1 "a
DIAMOND. William i'll. f. Ca
Nalluzzo ............... 521.30
SATISFIED JUDGMENTS.
The first name is that of the debtor the
second that Of the creditor and date when,
Judgment was filed:
MANHATTAN.
JENNINGS, David Dbl. willetts:
April 81, 1914 (canceied) ...... 1884. ~
HENRY G. KELLY CO.--H. Homsy
ct al: March -. 1922. -. 49,. 4is.33
KIsSL1NG, Louise--M. A. Carroll;
rEpnRAr. EfS; Sai lex EXpoRT ;coolR;p-A $. 2h'''
Lewis: May 2s. 1920. ............ .46s.7s
DEvENPECtS, Welles ct ai-Export
81. 1919. ........., .,...,..,,.. ss7.47
MEGARGEI.. Roy C.--L @. Albro;
Dec. II, 1921 a2i................,.. 2.231.57
len Corp; March II, 1922. ....... 2s.oe
q al: February "a. loc2. ...... c13e.o7
lNc.-P: Hans g al Feb. ], ie2s 1.7oi "a
SrMPLIFIED TAX RECORDS,
INC. ct al.--Grayzel Press. Inc:
Feb. 2S, 1922. ACKNOWLEDGEMENTS. 2G6.S0
The New York herald., 1922-05-15
GENOA AND MORGAN
HALT PARIS BOURSE
Fear of Breakup and Doubt as
to Bankers Course Af-
feet Trading.
New York Herald Bureau. I
Paris, May IL. !

sp sci1I Gable TO THE NEW YORK HERALD.
COPYRIGHT, 1923, by THE New York HERALD.
The New York herald., 1922-05-15
Business Troubles
PETITIONS IN BANKRUPTCY.

Petitions in bankruptcy filed Saturday in
the United States District Court were:
EDWARD GOLDSTEIN, millinery supplies
40 West Thirty&seventh street-Involuntary
by Saxony Flower Corporation, which claims
$3.50: julius Teffert, $615. and Harold NJ
Hrsch, $500. Samuel Hurz, attorney FOR
petitioners. Edmund Wright, receiver;
bond, So 200.
WERNER GOLDMAN, INC. 665 Fiftl,
claims 5000; Rae Robinson. $3.50. and Sally
Messenger. 81. Dubestein & Robbins, at
torneys for petitioners; Max Reich, re-
ceiver; bond. $3.50.
DEVINE & CO.. INC, underwear, ] East
Fordham road-Involuntary, by s. Brett,
who claaims 81 900. Douglass Newman,
attorney, for petitioner. Irving Dorf. re-
COMMERCIAL CONSTRUCTION CO., INC.
Bridge street--Involuntary, by u. S. T..
NJ Company. Inc. which claims $40;
and Arthur Il. Wells, as trustee In bank
ruptcy of Ajax Electric Company Inc.
$3.020. Orlando NJ. Barnes. attorney for
ENAMAR GREENBERG. INC, coats and
suits, % West TYenty-seventh street-In-
voluntary. by W6olen SILK Corporation
$3.50. and Robert England. S311. Lowther
q Smith. attorneys for petitioners.
ADJUSTo SHOE LACE COMPANY, IL
Smith, who claims $21 900; Arthur Cop
pell. 1.f4s. and Lester L.. Callan. $50
Greene Hurd, attorneys for petitioners.
SdHluei lSOSenSOnn. rcceINer, bDnu, No,VVD
NATHAN WISSNER. I'LL Fulton avenue
Voluntary. Liabilities, $1,000 no assets
Principal claim. Morris Friedman and
Mick Friedman, $1,000. William l.. Green
foge attorney for Wissner.
AMERICAN BLOUSE STORES. INC. 1887
Fifth avenue-Involuntary. by Lillian Saff.
who claims $3.50: Jacob Rubinstein, $3.50,
and Frances Neider. $50 Joseph krinsky,
attorney for petitioners.
EASTERN PARTS MANUFACTURING COM
PANY. INC, I3J Spring street-Involun-
la ROrOVttZ.
George Erb. $4OS, and Albert Nadolny,
S112 Koenig, Sittenfeld & Aranow, at
torneys for petitioners. Louis S. Posner
receiver; bond, $4,000.
The New York herald., 1922-05-15

day Of june 1922 there will become and be due and
with the onehalf above mentioned
and said date of redemption No
will the Notes
specified. after said first day of June 1922
specified hereby required
for redemption said first day Of june 1922 at said Office
of New York. All
presented negotiable the
1922 attached and
required by Federal Law and Regulations
DATED; May l. 1922.
DETROIT UNITED RAILWAY
A. A. GINGRAss, Treasurer.
The New York herald., 1922-05-15
SCHEDULES IN BANKRUPTCY.

Schedules in bankruptcy filed Saturday ir
United States District Court we're:
WEITHORN SPONGING COMPANY. INC
Liabilities, $9,119; assets. $s,025. Principal
claims: $. Topper. $500; Colin Sarns,
S255; J. Rohmberg e. Co.. SITS.
NATIONAL BINDING MACHINE COM
PANY, 260 West st-Liabities, $169. .201
assets. $167.511. Principal claims Mer-
chants National Bank of San Francisco
S., 900: Midwest Box Company, $1,000
George w. Scam. 81 800.
BENJAMIN Observation-Disclosures, s5,240;
assets, 81 ,S52. Principal claims Gorder
" Lyons, 81 266; Bell Cloak and Suit Com
pany 81 266. j. Brimberg. $40.
The New York herald., 1922-05-15
NOTICE OF REDEMPTION OF
Detroit United Railway
Five Year TO Collateral Trust Gold Notes

Issued under Collateral Trust Indenture dated
April /, 19l8 between Detroit United Railway ana
Central Trust Company of New York, Trustee
The New York herald., 1922-09-15
COTTON CONSUMPTION UP.
August Figures show Big Increase
Over 1921.

WASHINGTON, Sept 14.-Cotton con-
sumed during August amounted to 527,-
404 bales of lint and 60.S25 bales of
linters. compared with 45S,54s OF lint
and 55424 of linters in July this year
and 467.059 Of lint and 52.106 of linters
in August last year, the Census Bureau
announced to-day.
Cotton on hand August 81 was as fol-
lows: Held In consuming establish
ments, 1.024.994 bales of lint and 49,
S91 Of linters. compared with 1.215.103
OF lint and 1857 OF linters on July
81, this year. and 1,006.066 of lint and
f90,623 of linters on August 81 last
year. Held In public storage and at
1.549,7s9 bales of lint and
30.534 of linters. compared with 1885,
0s3 Of lint and 54,5S7 OF linters on July
81 this year and 3.463.964 OF lint and
241,f40 Of linters on August 81 last
year.
Exports totaled 273.3os bales, includ-
ing 4.490 bales of l1nters, compared
with 373.742. including 9.100 OF linters
in July this year and 423.491. including
1855 Of linters IN August last year.
The New York herald., 1922-09-15
NEW BANK OF AMERICAS
ADDS TO ITS INTERESTS
Acquires Shares in Several In
l Stituti0ns.

. The recently organized Bank of Gen.
trail and South America. Inc. an
nounced yesterday that it had acquired
from the Mercantile Bank of the Amer
icas, Inc. the latter's interest in sew
eral South Americansand Central Amer
ican banks. namely, the National Bank
OF Nicaragua. Inc; Banco Mercantil de
Costa Rica, Banco Mercantil Ameri-
cano del Peru. Banco Mercantil Amer
icano de Caracas and Banco Mercantil
Americana de Colombia. The Mercan-
tile Bank of the Americas. Inc, has
discontinued banking business.
The Bank Of Central and South Amer
ica, Inc. has a paid in capital of $780,
600 and a surplus OF s2.50o.o00.
The members of its board of directors
are Arthur NJ. Anderson of ]. 2. Nor
gan & Co. James Brown. Brown Bros.
&c Co.: w. Palen Conway. vice. -presi-
dent Guaranty Trust Company of New
York; Walter t. Frew. president Corn
Exchange Bank; r. F. Loree. president
Bank of Central and South America.
Inc; Henry F. McCreeSy. president
Hard & Rand. Inc; Gates w. McGar-
rahs chairman Mechanics and Metals
National Bank; John McHugh, presi-
dent Mechanics and Metals National
Bank; Maurice A. Oudin, vice-president
International General Electric Com
pany; William G. Potter. president
Guaranty Trust Company of New York;
j. Louis Schaefer. vice-president w. r..
Grace & Co.; Siegfried Stern. vice.
president Columbia Trust Company: T..
r. Stettinius, ]. p. Morgan & Co.. and
Albert Strauss. ]. & W. Seligman & Co.
The officers of the bank are: r. #.
Loree. president; +. C. Harding. vice
president; r. Hansl. vice-president and
secretary; p. Tillinghast. assistant man
ager and assistant secretary: J. Bloom,
treasurer; Colin S. Macdonald. assist
ant treasurer. and William Todd. as
sistant secretary.
The statement of the bank as of
September .. 1922, shows cash and
United States Treasury certificates of
SO. 49s and a surplus OF $2.500,0o0. I'm
divided profits of $3.50 are shown in
the balance sheet.
The New York herald., 1922-09-15
HERCULES POWDER
TO CUT BIG MELON
Proposes 100 P. c. Stock Divi-
dend and Doubling of Au-
thorized Capital Shares.

The Hercules Powder Company has
holders to be held in Wilmington, Del.
on October "a. 10 vote upon a proposal
to increase the company's capital stock
by $40. 200. half OF which will be In
per cent. cumulative preferred with
view TO retiring bonds of the Aetna Ex-
plosives Company and the remaining
S10.000.000 in common stock to be dis
tributed as a 100 per cent. stock div
idend to the common shareholders.
Plans for cutting the big melon" al
ready have received the approval of the
company's board The authorized cap
consisting of S10.o00.000 per cent. cum
ulative preferred stock and $40, 900, 900
common stock. will be doubled.
On December 81 last the company's
profit and loss surplus of s14.362, ,o96
was roughly equal to the outstanding
amount OF these two classes OF stock.
while its current assets aggregated S13,-
294.707 against current liabilities OF
$S51.S23. leaving a net working capital
OF S12,443,3S4
The last market quotation on the COM
pany's stock was $50 bid, with none Of
fered.
According to the letter sent to the
company's stockholders. the object OF the
increase in capitalization is to provide
means for obtaining additional capital as
needed although no offering is contem-
plated at present.
The immediate purpose of the pre-
ferred stock increase is to retire ap-
pproximately S4,000,O00 per cent. OF
the Aetna Explosives Company at or
before maturity. while the purpose OF
the increase in the common stock Is to
transfer to permanent capital account
through 100 per cent. stock dividend
a substantial amount of the accumu-
lated surplus.
THE exchange of all the Aetna bonds
on the basis contemplated says the lat
ter. would make the total outstanding
preferred stock about s12.250.000, only
35 per cent of the companys total net
assets. The conversion of s7,150,000 OF
surplus into common stock will again
make the outstanding common stock ex-
ceed the preferred and will permanently
assure retaining in the business assets
heretofore lawfully available for dis
tribution as dividends on the common
stock, but which the best interests OF
the company clearly require retaining
The New York herald., 1922-09-15
UTAH POWER FINANCING.
Proceeds of Preferred Stock Issue
to Help Pay Debts.

The Utah Securities Corporation has
sold to the Electric Bond and Share
Company, and Hayden. Stone & Co.
So. 200, 900 par value of Utah Power and
Light Company per cent. preferred
stock. The proceeds from this sale, with
cash in hand, will pay off the s6,952, 900
of Utah Securities per cent notes,
which mature September Is. This will
retire the last of the total issue. which
was $27,790. 900. and leave the company
free from funded and floating debt, with
a substantial cash balance in it's treas
ury
Resumption of the copper mining In
dustry and the general revival OF busi-
ness in Utah have caused a substantial
increase in the earnings of the Utah
Power and light. controlled company,
and of the Utah Light and Traction
Company, the latter's subsidiary.
The New York herald., 1922-09-15
KANSAS CITY POWER
ISSUE FOR SALE HERE
First Preferred Stock at Price
to Yield 7.3O Per Cent.

Spencer Trask & Co. and Blyth. Wit
ter & Co. are Offering $4,000 shares OF
Kansas City Power and Light Company
first preferred stock, series A, bearing
cumulative dividends of 81 a share
year. at 500 share and accrued divi-
dend to yield about 7.30 per cent. The
company recently sold S2l,000,000 first
mortgage thirty year per cent. gold
bonds, series A. due September l. 1852
and the company has contracted to sell
$4,000 shares of it's common stock.
The proceeds will be sufficient to re-
tire all present outstanding funded in
debtedness, including purchase money
obligations. and after deducting a sum
equivalent to present floating debt, in
CURED entirely from new construction.
will leave a substantial sum to be ex-
pended on additional property. The
financing will result in a reduction of
approximately 100000 a year in in
terest on funded debt, and with interest
on floating Indebtedness the saving in
interest charges will be more than $780,
600 year.
The New York herald., 1922-09-15
CUBA SOON TO INDORSE
LARGE LOAN FROM u. S.
NeU York Banker Says Island
Heads to Prosperity.

James II. Durreh. manager in Cuba
of the National City Bank in New
York. who organized the Havana Clear
ing House as an initial step toward
regulation and supervision of banking
methods in the Republic. painted rosy
picture of conditions on the island yes
terday.
Mr.. Durrelf said that the proposed
loan from American bankers will be a
big help to the Cuban Government and
that the loan would probably be author
lied by the Cuban Congress in 60 days.
Any changes in the Cuban Administra-
ton in the November elections will not
affect the American loan. Mr.. Durrell
said. He added that in Cuba it is be-
lieved that every dollar brought in from
the outside will attract another in hid
ing.
The New York herald., 1922-09-15

bank statement issued as at close of
business on September 13. Increases of
s15.300.0 900 in deposits and of $1,700.000
in Federal Reserve note circulation are
counterbalanced by an increase of
S10,S0o, 900 In cash reserves. The reserve
ratio is unchanged this week at 1873
per cent.
Shifting of gold through the gold set
tlement fund proceeded on a smaller
scale than during the previous week.
The gold movement was away from New
York, which reports a decrease of
S20300.000. Chicago shows an accession
of $19,500.0 0o0 of gold for the week.
Boston reports an increase of $500, 900
in its gold reserves Richmond an in
crease of s6,300,000. while smaller in
creases aggregating s2,900.0oo are shown
for the St Louis, Kansas City and Dallas
banks, as against total decrease of
s10.100,000 reported by the five other
reserve banks. Total gold reserves show
a gain of $6,400.000.
Holdings of paper secured by Govern
ment obligations show a further decrease
for the week from s130.400.000 to
s124, 600. 900.