davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-10-11
What's Behind
Actipe Stocks /?
l2O-S. S. Kresge Company

The S. s. Kresge Company COM
mon stock is selling on the strength
of earning power--past, present and
prospectiye--and not necessarily on
its tangible asset valuation. This
is general rule applying to pros
porous merchandising companies.
This company operates the second
largest chain of Ave and ten cent
stores ip the country. In addition
it has a number of stores selling
higher priced goods. The $l6,to1,-
200 common stock is preceded by
preferred stock, on which dividends
have been paid regularly since its
issuance. Prior to the payment of a
stock dividend Of 81 per cent on
December 81, 1921, the regular rate
on the common stock was 6 per
cent. On July ], 1922, the rate was
raised to per cent on the enlarged
capitalization. At the end of 1921
fand, buildings and equipment were
carried at $11, ,872 900, and there was
funded debt OF $4,851 ,230, includ-
ing mortgages end land contracts
The company started this year with
inventories reduced to the smallest
total in years and with current as
sets exceeding current liabilities by
$o,226.0D0. The net tangible assets
applicable to the common stock
amounted to $14,554 900, or $e0.39
share. The item Of leaseholds, or
panization and goodwill, carried in
the books ait S5, ,eS9 ,0o0, is not in
cluded in this computation. The
company earned 29.25 per cent on
the s10,0o0,0o9 common stock in
1921, and in the 5M years ending
with 1921 earnings averaged 14.04
per cent on the amount Of stock
now outstanding, AS result of
these earnings in excess Of dividend
payments the profit and loss sur.
piag stood at S4,58a,000 after the
stock distribution last December.
The par value Of the stock was
raised from $40 to StOO in the
spring os 1917. Range OF comnor
stock since 1915. High. ls8, in 1922:
low go in 1917; yesterdays close,
L I9s.
New-York tribune., 1922-10-11

The cali money market, with the
rate advancing to per cent again yes
terday, is apparently deriving no bene,
fit from the relatively free supply OF
funds to the existence Of which the
liberal subscription of the new gov
ernment loan bears testimony. There
has during recent days been an in
crease in demand for accommodations
Of this character as operations on the
board have expanded, while simultane-
ouslyF the movement of funds to the
interior to meet agricultural and trade
demands has continued. Preparations
for the British interest payment were
also mentioned yesterday rs factor,
although how important was not dis
cernible The 6 per cent call loan rate
furnishes ample evidence that the
banks are not ready to increase their
borrowings at the Federal Reserve
Bank to support speculative operations,
although this could be done at the
moment with profit to themselves.
New-York tribune., 1922-10-11
An Echo of the Convention

The impression created by the adj
dresses on international debts before
the American Bankers Association by
the Right Hon. Reginald McKenna,
chairman Of the London City and Mid
land Bank, Ltd, and Thomas W.
Lamont, of J. 2. Morgan g. CO., has
resulted in the receipt of thousands OF
requests by the association for copies
Of these speeches. The demand is COM
ing from all sections of the country,
from corporations and individuals as
we'll as from banks. The Standard Oil
Company of New Jersey and General
Electric Company are among the cor
porations applying for copies in
volume Bankers regard the requests
as revealing surprisingly general
interest in the debt situation.
New-York tribune., 1922-10-11
Stock Prices
Decline After
An Early Rise
Downward Movement Mos,
Precipitate in the Issues
Which Showed Greatest
buoyancy on Monday

Eager buying of the stocks of ;na,,s.
ariai companies possessing large SUR.
piuses that in the opinion of snecu,a.
t've wall Street might properly be dis.
tr'oueed, momentarily continued At tbe
outset yesterday, collapsed as trad;no
proceeded The conviction spread that
the usefulness of such prospects az the
OASIS or an advance had for the timn
peen exhausted and the temptation 10
take profits proved beyond The capac;tv
ior resistance of the professional
.rsoer' whose living depends upon call.
ing market turns. The resultant da.
eilne was most precipitate in those
stocks which had been lifted in yrea+.
est degree in Mondays buoyant rise
and barely handful stood out against
TINS general tendency.
The first wave of realizing sales wa 8
succeeded by highly unsettled condi-
tions In which the appearance of specu-
iation for the rise in several issucs
dissipated the force of the downward
swing. Mexican Petroleum, was aca;n
IN favor, and few other stocks, as Ma
tionai biscuit, buying Of which was ex-
planned after trading closed. by declara-
tion OF rs per cent stock dividend
dlsplayed strength. Brooklyn Rapid
transit issues, in contrast, were excep-
tlonally weak, apparently on the theory
that termination of the receiyershin
and the putting into effect of re-
organization would involve a substan-
tial assessment on the stock. The
depreciation extended to SA points. and
at the low for the day of 11h the
stock was almost SO per cent below
Mondays closing level.
While these special movements were
IN progress the main body of the list,
including the railroad, steel and equip
ment stocks, gave only trifing ground.
Inc steel group was aided by publica-
ton of the untitled tonnage report of
the United States Steel Corporation,
showing orders on hand October / of
6,691 ,607 tons. The increase as COM
pared with September was 741,502
tons, the largest gain for any month
since January, 1920, and was supported
in its influence by reports of expand
ing operations.
Call money went to per cent as
the last hour opened and this stiffen-
ing was not without disturbing effects
upon the market. 1t is becoming clear
that however plentiful the supply Of
money and credit speculative funds are
not to be had cheaply until the fail
requirements are past. Further piling
up of subscriptions to the new govern
ment loan was accompanied by steadi-
ness in the bond market, except for
some depression, of prime rail bonds,
as holders switched to the new issue.
The foreign exchanges were quiet
and without important change. A new,
low record for marks was followed by
return to the previously obtaining
quotation. Sterling gained II cent, but
there was little of significance in it's
firming
Cotton dropped 10 to 10 points as
the technical position brought liquida-
tion. Wheat moved irregularly, finish
ing with squirt on the foreign news
that left prices 1s to % cents higher
than at the previous close.
New-York tribune., 1922-10-11

Bank Clearings--Bank clearings at
New York yesterday were: Exchynges,
S912,0oo,oo0; balances. $73.0oo0b.
Silver--London 35Md; New York do
mestic bar, 99Ac: foreign, SO hc; Mexi-
can dollars, 52Rc.
New-York tribune., 1922-10-11
A Rid That Meant Something

A range of bids from 1920 to s7.67,
disclosed at the opening of tenders
yesterday on the s2o,ooo,ooo Province
of Ontario twenty-year 5s, supplied
signal recognition Of the. effect of the
new Treasury offering on bond prices.
The lower price rendered represented
conditions as they existed week ago.
The high and accepted bid reflected
appreciation Of the influence of the
success of the government loan on the
investment market. The experience in
distributing this issue, which is offered
to-day at only a fraction below the
price ruling for Dominion of Canada
IS, will be watched with unusual inter
est as likely to give an index of the
situation.
New-York tribune., 1922-10-11
In Wall Street
Vacuum Oil Extra Dividend

Reports that directors Of the Vacuum
Oil Company would announce q big
stock dividend at yesterdays meeting
were not borne out by the action taken,
but the board did declare an extra
cash dividend of 81 share in addition
to the regular semi-annuaf payment of
80 a share. A year ago the company
paid 81 share extra and six months
ago SO g share extra. Payments this
year will total s16 share. The com
pany is one Of the strongest of the
Standard Oil group, with profit and
loss surplus of more than $4,000, 900,
compared with only $15,o0o,0oo capital
stock.
New-York tribune., 1922-10-11
Weakness in White Oil

A decline in White Oil shares yester-
day of u points was not justified by
any unfavorable turn in the affairs Of
the company, according to P. j. White,
president, who said: "There is no de-
velopment in the affairs Of the COM
pany to warrant break in the stock.
1t was apparently brought about by the
liquidation of some interest. The COM
pany is drilling wells on it's properties
and making good progress in every de-
partment of its activities"
New-York tribune., 1922-10-11
Chile Wants Small Loan

The Chilean government is anxious
to arrange for the fotation of loan
of small amount in this market, but
so far discussions are in the tentative
stage. Many loan feelers are no more
than inquiries, but this seems to be
a case where loan is genuinely
sought 81.
New-York tribune., 1922-10-11
transactions Yesterday i'm Listed Stocks
Summary of Stock EXCHANGE DeaI;nos

7o0pyriKht' Ig2s. New York Tribune 1nc) .
New-York tribune., 1922-10-11
The Dollar i'm Foreign Exchange

Steling, the most active Of the for
eign exchanges In dull session yes
terday, gained * cent as offerings of
commercial bills slackened and some
support appeared. Marks, az 31s hun
dredths of cent, shaded Yheir prev
1ous low record in the early trading but
subsequently moved back to 3%. The
other principal European, currencies
were quiet and about unchanged, al
though Belgian francs fell off to new
low for the wear
New-York tribune., 1922-10-11
Money and Credit

Call money opened and renewed at
5 per. cent. From this level there was
an advance shortly after noon to 5h
per cent, and at o'clock to 6 per cent
There was an increase in speculative
demand coincident with further re-
striction of supply. The government
will withdraw about 100000 rron
the banks on Friday Time money was
unchanged as to rate and transactions
in this department were on q limited
scale
Connecticut western news., 1922-09-07
NEWS from NEARBY F0WRS
ASHLEY FALLS

Mrs. Richard Eppes and son James of City Point, Virginia are guests of her brother, Walter Van Deusen
 Charles Bell of Plantsville and Floyd Andrew of Cheshire spent the weekend at The Waffle Shop.
 The Misses Dorothy and Hulda Flint of New York were at Mrs Shinn's for the weekend.
 MT. and Mrs. Anderson of Bridge port were at R. L. Hurlburt's over the weekend.
 Miss Anna Van Deusen spent Monday night in Great Harrington with Miss Margaret Sweet.
 There will be a porch whist al Mrs. Shinn's this (Thursday) even ing, the proceeds to go toward pay ing for the street lights.
 A very pleasant evening was passed at the home of MT. and Mrs R. ?. Lee last Thursday evening by about 35 guests, who invited them selves to a genuine surprise party in honor of Mrs. Lees birthday Whist was played and refreshments served.
Connecticut western news., 1922-09-07

greatly improved in health, after a few weeks rest with her mother, Mrs Fred D. Bushey.
 Miss Ida Hurlburt, Miss Anna HurIburt and Miss Elizabeth Hel- comb had a picnic at Wangaum Lake on Wednesday.
 Miss Jessie Davies who has been spending several weeks with rela- lives here has entered New London Hospital for further training as a nurse.
 H. | Holcomb of Torrington spent the weekend at Ledgy brook farm.
 MT. and Mrs. Julius Clark and daughter Helen from Bristol called on Mrs. M. c. Dean one day last week
 tMMs Elizabeth Hclcomb spent a day at Cornwall Bridge and at- tended Kent Falls field day.
 Mr. and Mrs. Herbert Hathaway, Mrs. M. e. Dean and Miss Nellie Dean, also Miss Hattie Willard, Mrs. L. E. Loverin, Miss Jessie Davies, Mir. and Mrs. Arthur Dean and little Margaret made a party and nautored to Milford Beach on Tuesday to spend a pleasant day, returning in the evening. Mrs. Arthur Dean and daughter will stay for a tWo weeks visit.
Connecticut western news., 1922-09-07
SALISBURY
Death of Frank Scribner

Death of Frank Scribner Frank Scribner, who has been i'll for several months, died at his home on Monday. The deceased was 66 years of age, and leaves a wife, one son Robert, and a daughter, Louise, besides many friends. The funeral is to be held on Thursday afternoon. The public schools opened on | Tuesday for the fall term with the following teachers, Miss Butler, Miss Emma Clark and Miss May Morrison of Danbury.
 MT. and Mrs. George Belcher spent the weekend with friends in Bridge port.
 Miss Dorothy Hicks, who has spent several weeks with her grand mother here, returned to her nome in New Brunswick on Friday. George H. Clark, who has been i'll at his home for a week, is slowly inn proving.
 MT. and Mrs. Edwin Warner and sOh of Sufield are spending few days at F. H. Reeds.
 Robert Ashman and family are visiting at Mrs. Kate Ashman's.
 Miss Elizabeth Squires returned to her school duties in Phillipsburg on Monday.
 Miss Clara Stone of Hartford spent the weekend at her home here.
 Miss Margaret Hall, who has been visiting her mother, has returned tc New York.
 MT. and Mrs, H. R. Brinton, who have spent several weeks at Twir Lakes have returned to their home
 The Misses Marion Eggleston ant Elizabeth Perkins went to the Char ter Oak Fair in Hartford on Mon day, and gave a demonstration il canning. They came out a tie witl the Hartford club, and at this writ ing the winners are not known.
 Miss Helen Eggleston spent Sun day and Labor Day with her sister Mrs. George Andrews an Millerton IN. Y
 Miss Julia Pettee who has beer visiting her parents has returned t New York.
Connecticut western news., 1922-09-07
LAKEVILLE

Ward F'ink1e has resigned his posi- tiun with Dufour x Sons.
 Miss Emily Goderis of Hartford spent the weekend and Labor Day with her father.
 Miss Winifred Odell of Springfield spent last week with her cousin, MTsS Gladys Osborn.
 Edward Miller has secured a posi- ticn in the Pin factory near Water bury and moved his family there on Monday this week,
 Mir. and Mrs. Miles Roberts and iainiIy of Waterbury visited friends in town last weeE.
 I'*Fevine Sc, 'ol opened on Tues day 1his week for the fall term.
 Benjamin Senior of New Britain spent the weekend aud Labor Day visiting friends in town.
 Mr. and Mrs. Edward Bartram and child returned to their home last week, after spending a month with MT. sand Mrs. E. E. BarSrzar and fam .ily.
 C. H. Osborn spent d part Of Hast week in Hayviilc, looking after 1the interest of his propertg m Islip.
 Mir. and Mrs Gile and MT. and Mrs. Iceland Smith and children of Waterbury motored to LaksviTle on Sunday e@tt-and spent the day in Holhey Grove.
 Mrs. Florence VauDyke and son Lawrence who have aeem spending the past three weeks in town left for thier home in Northport on Tuesday.
 MT. and Mrs. Ches e. Barnett left for fheir nome in New Haven. after spending last week with Fl. L. Bar nett and family.
 The annual fair, supper and dance given by the Friendly Club OF Thursday afternoon and evening of last week was complete success.
 MT. and Mrs. Grant Finkle, daugh1 ter Mary and c. H. Osborn spent Sunday last with Mrs. Mary Blake near Falls Village.
 Chester Andrews and family have moved to Lime Rock. John Grogan is now occupying the room vacated by MT. Andrews.
 Misses Florence Cleveland and Catherine Phillips returned to their school duties in Springfield, Mass. on Monday, after spending the sum- mer in town.
 We again call attention to the demonstration on culling to be given by Messrs. Bavis and Jones of the Farm Bureau at Allen Bosworth's house on Sept 8th at 9:3O in the All persons interested in poultry especially invited.
Connecticut western news., 1922-09-07
LIME ROCK

MT. and Mrs. Matthew Hogan of Torrington have been spending a few days in town.
 Miss Helen Fenton spent the holi- days in Pittsfeld.
 Mrs. Fred Lee of New York spent the weekend and Sunday with her mother, Mrs. s. F. Brusie.
 Miss Esther Lowe, who has been spending the summer with her sis ter, Mrs. Edward Egan in Deep Riv- CT, is at home again and resumed her school duties Tuesday.
 Cortland Fenton of Bristol was home for the holiday. Miss Agnes Lowe returned from a vacation trip Sunday. James Brasie left town Tuesday morning.
 MT. and Mrs. George R. Belcher Jr. are spending their vacation ir Bridgeport.
 F. H. Dresser spent from Saturday until Monday with her sister, Mrs. F. c. Tobey ;n West Stockbriipe MT. and Mrs. George Belcher ST MT. and Mrs. Mark Merriman, and Michael Dunn and family left town early Monday morning and motored to various places, returning fate Monday evening.
 Miss Eda Spoth was in Kent cne day last week. Mrs. Michael Hickey went t. Hartford, Saturday returning with MT. and Mrs. Andrew Arnott, Mon day, who motored in just for the day
 Mir. and Mrs. Ezra Wolf have been enjoying week at Fort TrurubuT Beach.
 Mrs. s. F. Brusie left here Nun day night with her daughter, Mrs Fred Lee. >..
 George Darling and family ro1 Dalfbury are, visiting his parents MT. and Mrs. William Darling al White Hollow.
 Mrs. Frank Boice has been visit ing in Bristol and other places. Eight children scholars are at tending High School in Canaan. l Homer Bathrick and Miss Cuba Welch were guests of his sister, Mrs, Raymond Sigler, of Pine Plains Sun l day and Monday. Mrs. Charles Hubbard and two daughters have been stop1 ing at John Lowe's for a week or mare. Miss l Margaret returned home Monday, leaving her mother and sister FDr a longer stay.
 MT. and Mrs. Fred Howe and a couple of friends attended Goshen Fair Monday.
 Miss Clair Sheppard of New Ha- ven Is with Mrs. Eugene Wickware for a short time.
Connecticut western news., 1922-09-07

Try our Cent-a-Word Column.
Connecticut western news., 1922-09-07
SOUTH CANAAN

Rev. James McKeirnan resumed his ministry with US or Sunday. A trio was sung by Mir. McKeirnan, Mrs. Arthur Dean and Miss Jessie Dawes.
 We again call attention to the demonstration on cculling to be given by Messrs. Davis and Jones of the Farm Bureau at Allen Bosworth' s house on Sept. 8fh at 9:3O in the morning. All persons interested in poultry especially invited.
 The Junior Mission Circle held a work meeting with Miss Hattie Mil lard at Mrs. L. E. Loverin's on We'd nesday, after the meeting Miss Lily Loverin entertained her young friends and shared her birthday cake.
 Clarence H. White and family mo- tored to Boston on Sunday, enroute for Maine, where they will spend a week.
 Antonio Passani is spending a few days with friends in Colebrook.
 Donald Spencer, Edward Bradley and Billy Holcomb were at Goshen Fair on Labor Day.
 MT. and Mrs. Karl Hein and friends of Noroton Heights, also Miss Bertha Ruby of New York were weekend guests at Meadow Brook farm.
 The 10th anniversary was the occasion of a surprise party being given to Mr. and Mrs. Arthur s. Dean on Saturday evening by rela- tives and friends. A large basket full of useful articles of tin ware was presented. Some finely decorated cakes were served.
 Miss Anna Milford of Bay Path Institute, Springfield was a guest of Mrs. D. P. Holcomb last week.
 Mrs. Antonio Passani with son Frank and friends from Camp Ever cit motored to Great Harrington on 
 Mrs. Samuel Holloway returned to her home in Stamford on Monday,
Connecticut western news., 1922-09-07

visitor at Edward Fuller's last week.
 Mrs. Cunning attended the funeral of relative in Goshen Sunday.
 Mrs. Kate Hyde returned Friday to her home in Plainville.
 The Ladies Aid with few Gran gers and boy scouts had most de- lightful day Friday at Lake Buel.
 MT. and Mrs. Beach, MT, and Mrs. McCready of Derby, who had been motoring over the Mohawk Trail and other places stopped at the morning service Sunday, and lunched at, the parsonage.
 The Cheerful Workers, two classes in the Sunday School held a sale of fancy work, also a supper last Tues day evening, which was a decided success. The amount taken in was nearly $65, without a small amount to be taken out. This class has been organized about 12 years. The older ones now having Mrs, Fletcher for teacher, the younger ones Miss Briggs. Much credit is due Mrs. \ Fletcher for her untiring efforts in teaching them to do fancy work of all kinds. There were some beauti ful pieces of embroidery, every ar ticIe was sold.
 l Ladies Aid will meet on Thursday P. M. A 1Oc lunch will be served. Master Wilbur Bentley returned home Saturday after spending two weeks with relatives and friends in Stafford Springs and at Pleasure Beach, Waterford.
 l Among the Labor Day visitors at No. were E. L. Case and family of Bullhead, N. Y. at c. H. Sage's; at E. s. Roberts, W. W. Webster and daughter of Waterbury and son of New Haven; Miles Roberts and fam 1 fly of Waterbury.
 Mzs Ruth Gaylord has returned to her school In Stamford.
 MT and Mrs. George Perdrizet and children of Bethel and Misses Alice Perdrizet of Hartford and Julia Per drizet of Sharon spent Labor Day at Alfred Perdizet's.
 Miss Mary Ivory of Winsted spent Sunday at her home.
 MT. and Mrs. L. Whitney and daughter of Torrington spent Labor Day at B. J. Stratton's. Mr. and Mrs. D. J. Foley and Master James 7Tierney spent Labor Day with friends in Winsted.
Connecticut western news., 1922-09-07
EAST CANAAN

Rev. and Mrs. Fletcher left this week for their vacation. The pulpit will be filled each Sunday. Next Sunday by Rev. Wm. F. Stearns.
 There were few at Sunday School but hope for a full attendance next Sunday.
 Rev. W. F. Maylott and family re- turned to their home in Derby last Thursday, after a month at their cottage here.
 Miss Miller and Miss Dyer of Maine are the new teachers at No. land 2. They will board with Mrs. Whiting.
 Miss E. J. filling is caring for Mrs. Irene Cowdrey, who is slowly improving.
 Mrs. Hall of Auburndale, R. I. was
Connecticut western news., 1922-09-07
CANAAN VALLEY

MT. and Mrs. J. C. Stevens, their mother, Mrs. Florine Stevens, Mrs. Minnie Dunning and Theo. Silvernail attended Mrs. Thadus Ives funeral in Goshen Sunday.
 Miss Blanche Brink is home from Hartford for a week.
 Mrs. Lewis Markham is entertain ing a cousin from New York.
 MT. Chandlers of New Jersey spent Sunday with Mrs. Chandlers at the Markham cottage
 Several of this place attended the Ladies Aid picnic at Lake Buel last Friday. Mrs. Florine Stevens, over
Connecticut western news., 1922-09-07
Republican Caucus

The Voters of the Town of North Canaan entitled to participate in a Republican Caucus are hereby noti- fled that a caucus will be held in the Town Hall in the village of Canaan in the Town of North Canaan on Sep tember 9th, 1922 at 2 p. m. for the purpose of nominating candidates to be voted for at the annual town meeting to be held in said Town of North Canaan on October End, 1922. Dated at North Canaan, Connec- ticut this End day of September A. D. 1922.
 William J. Reel
 Chairman Republican Town
 Committee.
Connecticut western news., 1922-09-07
CORNWALL HOLLOW

School opened on Tuesday with Miss Ida Hurlburt as teacher.
 MT. and Mrs. Roy Hurlburt were home ever Sunday.
 Miles Yale of Washington, D. c. is spending his vacation at his home here.
 Allyn and Charles Hurlburt at- tended the Dairyman's League picnic at Kent Falls last week.
 W. J. Stanton of Torrington and George Wright of Thomaston were holiday visitors at Ernest Ocain's.
 MT. and Mrs. Tom Slawson of Waterbury were weekend guests at her nephew's, George Ocain.
 MT. and Mrs. Frank Lucas and daughter of Huntsville were Sun day callers in town.