davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-08
What's Behind
ActiUe Stocks?
39-United Fruit

The United Fruit Company de-
rives its revenue from growing and
selling fruit, manufacturing sugar
and operating steamships. Yet in
spite Of the Improbable condition
of the sugar and steamship indus
tries in 1921 the company's earnings
were the third largest in its his
tory. United Fruit owns 1,535,O0O
acres of land in South and Central
America and Cuba and leases 1872
406 acres. At the end of 1921 it
had 406,806 acres under cultivation.
1t owns LOLA miles of railways and
466 miles Of tramways. It's Ameri-
can fleet consists of thirty-four
ships of 145,018 gross tonnage and
it's British fleet includes eighteen
ships Of 94,279 tons. In addition
eighteen ships of 28,721 tons are
leased from other companies. Total
investments, exclusive Of govern
assets, were listed at $128,122, 900
on December 81, 1921. On that date
net assets applicable to the COM
mon stock were equal to $134.96 q
share on the $100,O00.000 stock. The
company paid stock dividend of
100 per cent on January 81, 1921.
Current assets exceeded current
Liabilities by $20,264, 900 at the end
of 1921, and there was profit and
loss surplus of $34,955,000. The
present 8 per cent cash dividend
rate has been in force since the
stock distribution. Range of stock
since 1910 (prices adjusted to pres
ent S10o,000,000 stock in view of
the stock dividend): High, 148, in
April, 1922; low, 523A, in 1917.
Yesterdays close, 142%.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-08
Industrials Up
As Rail Shares
Drop Slightly
Market Generally Steady
Despite Drop i'm Foreign
Exchanges: Studebaker
Leads Upward Trend

Despite : further collapse in marks
to .iSa. of a cent. the lowest quotation
in history. and Z. relative drop in francs,
the security markets were steady yes
terday. Both francs and marks recoy
cred somewhat from the most de-
pressed levels of the day. as result
of buying Of the exchanges to cover
trade needs at what to some seemed
bargain levels. The stock market, how
ever, was disinclined to pay much at
tontion TO the exchanges, although the
sweeping fall of the mark was telling
the story of an approaching crisis in
German finances.
Whereas on Thursday the rail shares
were the principal gamers in the mar
ket rally. the industrial stocks yester
day were as group more consistent
than the railroads in their upward
movement. AT the opening railroad
stocks and bonds climbed substantially
higher, but the swiftness OF the rise.
particularly on the previous day, in
yited considerable profit taking. and
spell Of irreeularity ensued. The clos
;ng average price of twenty representa-
tive rails was 1895, compared with
1920 the previous day. The mean quo
tation of thirty industrials, on the
ether hand, rose from Glib to o1.6o.
/ The industrial upward march was led
by Studcbaker. which returned to the
place Of primacy temporary held by
Mexican Petroleum, which. with the
other Mexican oil shares, declined fur
Their as a result OF the selling based or
Che news of salt water in one of the
important pools.
After the reaction from the sharp
rally on Monday. resulting from an in
terpretation favorable to prices of the
governments report on the condition
the crop, cotton prices yesterday re-
sumed their upward swing, based pri-
rlarily on the theory of an undersupply
Of the staple. Final quotations were
- to 36 points higher More than any
of the other domestic markets, the
wheat pit seemed sensitive to the break
in foreign exchanges. Selling, how
ever, resulted primarily from internal
wheat market considerations, and clos
ing prices were ss to ia cents lower.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-08
Wants Higher Yield

vested in Atchtson, Topeka & Santa Santa Fe
general As, registered. due 1895; $500
Union Pacific Land Grant frst mortgage
1897; $500 United States Liberty bonds
second. third and Victory bonds: 5000
United States savings stamps. The rest
is In savings banks. Please advise me IN
what way. could DO better: My income
at present is 800 month during the
summer months and $3.50 during the win
ter months Out Of this I support two
deduct monthly about $50. at least. This
Is Just to show. you that what I have
saved remain untouched, but also to
show. you that I cannot risk It; but I
would like 1t to grow moro rapidly. Please
advise me also how I can keep in touch
with investments outside OF newspaper
quotationa-A. G. D.
Answer-All the bonds you hold are
in the gilt-edge class and we think
you can afford to exchange the Atch-
ison 4s and Union Pacific As for bonds
little less conservative. We suggest
Canadian Northern rs, due 1910. re-
turning currently about 81 per cent,
and General Electric IS, due 1910, re-
turning currently about 81 per cent.
A $1,000 piece of each Of these loans
would cost about s2.177. The General
Electric IS, however, como in $500 de-
nomination and you can take advantage
of this fact If you wish. We know Of
no better way Of keeping in touch with
investment quotations than through
the newspapers.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-08
James speyer Going Abroad

James Speyer, head OF the interna-
tional banking house Of Speyer & Co.,
will sail to-day on the Majestic for his
annual European trip. He will be
abroad about two months, and his tim
erary will include London, Paris, Ber-
lin, Frankfort and probably Switzer-
land. Mr.. Speyer said yesterday that
he was going to bring back with him
his only surviving nephew, Herbert
James Belt Won Speyer, whose elder
brother was killed in the war. Upon
his arrival in the United States the
younger Speyer, who is twenty-four
years old, will enter the employ Of his
uncle's banking arm.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-08
The Dollar in Foreign Exchange

The mark has assumed the leader
ship of the foreign exchanges so long
held by sterling, and it's downward
sweep yesterday to new low, at 1874
cent caused profound weakness in the
other principal Continental currencies.
Francs and lire broke to their lowest
levels Of the year and closing quota
tons for these exchanges, despite an
afternoon recovery, found them at APP
proximately the identical levels of the
same date in 1921. Marks made the
best rally, finishing at PIN cent
Sterling lost one-half cent on the day
but throughout the period of selling
notably active at the foreign trading
centers. stood out in contrast for its
steadiness.
Exchanges other than the Europeans
showed only slight changes, but the
tendency so far as revealed was toward
lower levels 7a
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-08
Rail Equipment Bonds

1917 snSsr Se s y9n5 psss Of June
faults is smaller In the case of municip
bonds than any, other class of securities,
ponds nan Do 1 nnt Know ases Government
slider railroad equipment bonds as a par
ticular class OF securities. but don't they
acauantanos is desirea s Of n1estins n,y
600 in seasoned and safe bonds maturing
non-callable and yielding about 5.75 per
cent. He is only interested in straight
S,sld 80 high pom bonds are
cation as to nature Of industry. geograp phi
cal location and q balanced proportion of
railrosds industrial; public utility and
you please help me solve his problem for
him? What Is your opinion Of Baltimore
gage Shs Of 1925. which selling on
a 7.2o per cent basis, but which / believe
are considered gil.-edge? Do you consider
Answer-Railroad equipment certifi-
Gates have an excellent record OF long
standing and rank among the best
forms of corporate security. Baltimore
& Ohio Southwestern Division 31as are
not a gilt-edged investment. If this
were the Baltimore & Ohio's only obli-
cation maturing in 1925 the bonds
would undoubtedly be selling higher,
but the road has other bond issues
maturing in that year. We suggest as
suitable investment of your friends
$4,000 the following securities:
$4,000 of Canadian Northern Is. due
1910, yielding about So per cent and
not callable until 1885; $1,000 of Penn
sylvania Railroad 6ks, due 1886, yield
ing about 5.5 per cent; $4,000 of United
States Rubber 5s, due 1947, yielding
about 5.S4 per cent; $4,000 of New York
Fdissn 61as, due 1941, and not callable
Until 1895, yielding about 81 per cent:
$1,000 of Province of Alberta, 5hs. due
l947, yielding about 5.3 per cent;
$1,000 Swedish government IS, due
1889, yielding about So percent: 50 900
of International Paper 5s, due 1s47,
yielding about 81 per cent. We think
some of the new New York Telephone
6h per cent preferred stock would be
suitable for an investment of this size.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-08
Studebaker Dividend Talk

On revival of reports that directors
when they meet on July 81 will de-
clare a substantial extra cash divi-
dend Studebaker was the speculative
feature of yesterdays market, ad-
vancing to new high for the year
at 134h, and closing with net gain
Of 43s points There was one rumor
that the board at recent meeting had
already decided to recommend an ex-
ira distribution of S. share, but the
more conservative view was that the
dividend policy would be left open
until the day Of the meeting. Based
on its earnings record thus far this
year, the company is able to make an
extra dividend payment to stock
holders In the first six months Of
the current year nearly SIT a share
was earned for the common stock, or
about $40 in excess of the regular an
nual dividend requirement.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-08
Southern Steel Merger Denied
Interests identified with the Slos

Interests identified with the Sloss
Sheffield Steel and Iron Company and
the Gulf States Steel Corporation de-
MED yesterday that those companies
are involved in negotiations looking to
merger with the Iron Products Cor
portion, the Pratt Consolidated Coal
Company and the Empire Coal Com
pany, all properties operating in the
South. Neither Gulf States nor Sloss-
Sheffield's action in the stock market
indicated. that deal for their CONSOLE
dation with the other concerns men
toned is under way, despite the appar-
ent advantages that such a merger
might offer
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-08
Investment
Information

Questions Of general interest TO In
Vestovs tDiH be answcyed in this coi-
umn, in wkich case only initials Will
be used. Others wil be answered By
mail. address uu inquiries, incIos-
ing a stamped. addressed enpelops, to
Financial Editor, The Tribune, tSI
Nassau Street, New York City,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-08
Source of REIMBURSEMENT Demand

Institutional buying and the pur-
chases Of the small investor explain
the effectiveness of the July reinvest-
ment demand, which is credited with
furnishing the current impetus to the
bond market. 1t is not the reinvest-
ment demand which was customarily
experienced before the war and which
aged buying by the man of wealth.
The taxation factor, although modified,
is still paramount in controlling the
investments Of the large purchaser
upon whom this period flow of funds
into the market formerly depended, and
is expected to be SO until the latest
taxation schedule has been more
clearly defined by interpretations and
rulings.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-08
Ontario Not in Market Now

The Impression obtaining in invest
ment circles that the Province of On
tario was planning to float $15,0OO,-
QUO loan in this market now was found
yesterday to be based upon feelers
that had been put out as to the terms
upon which the financing could be
done. Bankers yesterday were advised
by the provincial administration that
no borrowing was contemplated for a
month or more.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-08
Paris Market Firm

PARIS, July Prices were Arm on
the Bourse to-day. Three per cent
rentes, 81 francs 80 confines; er-
change on London, IS francs IS cen
times; 8 per cent loan, rs francs 40
confines. The dollar was quoted at
IL francs 6sia confines.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-08
Bid and Asked

Following are the closing bid and
asked quotations Of stocks listed on tie
Stock Exchange in which there vers
no transactions yesterday:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-08
Observation-Disclosures and Bond Selling

Syndicate managers of the S25,0o0,-
600 Humble Oil issue sent out notices
Of allotments last night, the proper.
ton Of the amount applied for being
between 40 and 80 per cent This rec
ord was regarded as much more salts
factory than if the issue had been
heavily oversubscribed because of the
conviction it carried of bonds sold.
Before the war, or even q few years
ago, the offering of large bond issue
involved genuine sales effort and
subscriptions of double the amount in
volved would have occasioned almost
scandal. To-day there is too infre-
quently any real attempt to place the
bonds firmly at the time of Offering.
Dealers figure out what they can or
hope to be able to sell and use this
calculation as the basis for padding.
The result is that flotations UP to $50
100000 are often several times sub
scribed within an hour. "Anybody who
knows anything about bonds knows
that you can't sell s50,00O0oo or s25.-
100000 in an hour was one comment
yesterday. Consequently 1t is graft
flying to feel that loan has been
largely sold.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-08

AZ Eumsly... II 10
Alas Juneau. IA !,
Alb & Bus. .Ise zoe
Aueg West. .iooh -
All Am Cabis.Il2 la
ALL Realty =. II -
Anal Sugar =. 6;h -
Am Az Gu pr e4 eS
Am Bnk Note 6S 50
do pr 49,. 81 IS
Am Beet 8 pr IAN 80
A B s Il r. soS 81
Am Can pr. .io5A 100
A c 4 r pr.i2o l2l
Am Chicie pr 80 20
Am Coal -. IS
Am Loo pr.liY liz
Am Nal. & G. ~ 3
Am SIN pf A % "a
Am Snuff pr. ssH leo
Am Tel b q. 80 500
Am VIII pr. 80 eli
Am Wool r.loIA iee
Ann Arbof :. u lS
do pr $50. % ~
Art Metals. IAN 1e1
Atlantic Psi. SO 2s1
Atlantic Res.Iooo 1850
do p. .....llT t!s
Atlas Pow ..i22 Is2
do pr ..... 81 IS
Aus Mich pr. IS So
Auto Ssies ~ 20 u
Barnet Lea, b&h ST.
Batopilas NJ. J y
Bayuk Bros. IS &S
do pr .....lo3
Beech Creek. :. So
B Nut P pr.lo2 lo51
Br Emp st.. 10 II
do 1st pf..- 10 a
Brunswick -. 8H -
Buff R & P. 50 70
do pr 500. 81 %
Buff & Sus.. &c 30
do pr ..... %
Burns BIS Or g2h 81
do prior pr.ll4A ue1
Bush Term. :. 100
do pr -. e3& 90
Cal Pet Pr. eS ee1
Cal & AriE.. So S29
Can Southern. 81
Carson Hill. II
Cass ] I pr. SO s.
Cen RR n J.l15 lSS
Certainteed -. 81 81
do LIST pr. b. 90
CSPM&O pr. s1A 9St
CCC& 8 L pr 81 &R
CT g. Pitts. 90 50
Cluett Pes pr 9sa l0oa
c s. S I'd pr 81 IS
Col Graph pr II NY
Con Cigar pr II 75I
Cont Can pr. lo2M -
c p & r pr. ll6 III
Cosden pr -. 81 eeS
Crex Carpet. :. IS 40
Cru Steel pr. s9H %
Gu Am S pr 90 81
Deere Co pr. 77k IS
bet II & Sw. 81
Dot Mack :. 40
do pr 49,. 40
bet Tn RR.. II
Diamond ". los I9S
ID s S & A. Az ~
do pr . . ~
Du p n Pr. SO So
Durham Hos. ls ~
do pr 49,. Go Soh
East kod pr. 1861
Elkhorn c pr. s5h 40
En- Brant pr So Sly
Erie & Pits. 52B
Fairbanks -. Is l6
Fed NJ & s. TN l4t
Castor WINS. II y
Gen Am Tank coz SO
Gen Cigar pr.lo4 los
do pr deb. lal leih
Gen Baking. 1923 lS5
do pr .l0I Ill
G NJ s deb. 81 Sc
do I deb. :. 9S& 80
Giililand o pr IS 10
Goodrich pr. IS 81
Hack Wat :. Is
do pr -. %
Hartman Corp SO 81
Helme G w. .ls5 -
do pr ....lo9
Home Mines. 7oh re
Hydraulic 81. ION II
lii Central | | 70 "
Indian Sss. -. sh -
do pr ..... 65h
Int Agicui.s . 70
do pr .... IS So
Int Cement >. 81 S4n
Int Conabus. ~ 2tn
Int G n W l. % IAN
Int liar pr. Lie
Int Taper pr. IS 100
Int Salt -. s. 81
Jewel Tea -. In Is
do pr $500, 6sh 6S
Jol & East. . s5is S6%
Jones Tea -. AN AZ
KCFS&af pr. 81 GIN
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-08
Fayora Rail Stocks

Question: May trouble you for little
advice7 7 have $500 on hand just now
that wish 20 invest 30 that I can get
moro than savings bank interest. Please
let me know what you might suggest as
what you term. a business mans invest
ment. Southern Pacific or Atchison ap-
peals TO me. al there may be possibility
Of stocks advancing SO that something
can be made on the pr!ncipal-poss,bly
more so than in the case OF a bond I
would like to get per cent, realizing
that greater yield means less safety
F. W. e.
Answer-Atchison and Southern Pa
cifc are not exactly in the same in
doubtedly suitable for your purpose
and the latter Is also appropriate If
you can afford to assume little risk.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-08

BIZ ASKED.
s 3 3 % pr.ieoA iss
Kelsey VII pr.lea Its
heok q D u. 8 10
dc ~ -. %
AUse pg ...lsa =
Aeo d Co.. 80 ~
do p .....iss IL
Lake 2 d ". s2A AZ
Ags a II Pr. iisi3 10
| do B -. .iss Il.
Lima Looo p.lpa Inv
ILW Biscuit. :. ~ Il
90 ist Pr. esH it3
do ID p. ..iMt 10
lLTillard P ..lssk iH
Aaeksy Cos. :. ~ lss
| do % 49,. sSH q
Mac II ist w sf lsH
do I'd u... ~ q
nh Goal ...See
Man Sugar ps esH II
AAaha. Bach 4 ~
Han Shirt :. u sf1
DO Pr -. ~ lleS
M 81 Ry... W ri
| co pr 49,. a 81
do e r... y 8
Max Mos els /
| 90 ist p q S
do ID ~ Ct I
Nay Dep St. .i,s IL
DO rr .!e6x lis
Mch Caatya,. soS
MSP& 8 6 n 81 81
DO w 49,. rs IS
do sd lines. 81 ssA
~ Z & T p 10 Is
Mont Pow piles zoe
Morris & Is. rsA TN
Mullins By pr o. o.
Nash & Chat. It3 -
Nat Acme :. ly& Ns
Ma. CT b g. IS wv
do pr 49,. ssh 70
Nat Lead PHI il2s
NRR u lst p II Il
do I'd pr. s sH
New Con Cop. ifN IN
n 7 G & s l. rs 7sH
do lst pr. =. o. %
IN Y Dock -. sfN ssx
do pr 80. ssH %
IN Y Hlen. leo io'
IN J l. 4 ". IS IS
IN Falls pri pr.le4
Nor Cent -. II
Ohio Body =. 81 "
Ohio Fuel =. IS 50
orph Giro pr "a
OTIS Elevs 1904 lssS
do pr ....i0o
Otis Steel pr IS ssh
Owens Bot pr.ieo ioi
Pacific Coast. l3is Is
do LIST pr... IS g
do I'd pr. Is 80 ,
Pacific Mail. Is ieA
Pac Tel & T 50 IS
P P & r pr. 50 70
Penney J C pr 81
Petit Null. ;. - g
60 pr 49,. us
Phil Jones :. 50
do pr -. a2 y
Pitts Cnal Or e6 81
p F w & c.I3i
do pr .....ls7 l@
Pitts Steel pr IS "
P & r. Va pr IS Ssh
Post Ger pr. lor lGs
Pr L Ref pr q e
Rys Sec -. 62n q !,
Ry Steel Sps. loo& lQla
do pr 100 lls5
Reading lst pr SIN y
Refs Il Co. :. NV ~
do LIST pr. ). s7h
Rem T I'd pr % -
Rens & Sar. lis
do px .li3% itSS
Savage Arms. IAN IN
Sears Roe pr. iesA los
SIS s & / pr rs I.
S p Il Su pr 81 - W.
Spieer VI pr. IS 81
stand MIL pr IS VI
sup steel pr. e5k -.
Temtor A =. . -
T & p Id u,sso t@
ridewater Hl.i25 l1
T c r T pr. ssh g
Underwood r.ltlh I'm q
do pr ... ~
Tn Tank -. % W
Tn Cigar silly ", ,ss
DO pr ..s8
u Drug LIST pr tsA ~
I'M Fruit. lin hsS
UsCIP& r pr ssn g
u S Express. 81 ,.ass
u S lob pr.ics 1929
v Rasl ist pr o. v
Va II 4 p pr ~ ,su
Wells Fargo. y. 20
West'se II pr g 81
Wiilys o pr. z3h go
woolwnrsh ...iss y, III
DO pr liz x
w r q NJ pr d e. ,1 Is
do pr b.. 5sN y
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-08
Money and Credit

Opening and renewing at Az per
cent yesterday, call money indicated
that it was still subject to influences
arising from the disturbance of July
! disbursements by advancing during
the afternoon, first to 4& and then to
8 per cent. The demand was only mod
crate, but there was a tendency to pull
in funds. Only slight interest was
shown in the time money department,
where rates were unchanged.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-08

Four full columns Of in.
Uestnaent questions and an.
slUers scil be published in
The Tribune every Sunday
and Monday. On other dnys
one full column ,oiH appear.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-08

Bank Clearings-Bank clearings at
New York yesterday were: Exchanges,
sSe5,2oo,ooo; balances $77,o0o,oo0.
Silver-London, 36d; New York.
domestic bar, 99ssc; foreign, 71bc;
Mexican dollars, 54%c.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-08
Diversifcation Suggested

Guarantee and Trust COMPANY ga per cent
the Bond and Mortgage Company as 70
principal and interest I also have sto,-
900 in second, third and fourth Libertys
Would you advise me to turn them In for
the T. G. and T. Company mortgage as
they are now at par7 Are tho r. @. and
T. Company mortgages perfectly safe
in putting his entire fortune into them
Are they allowed by law to be used for
the Of trust Some
Of the financial editor OF The Tribune
who said they were gilt edged and I have
had no trouble with them. II in your
opinion they are safe enough to put the
Libertys and sone few other bonds have
that are nearly due I would like to do So
am satisfied with that rate OF In
terest, and avoid a lot OF worry In Sc
lecting good bonds that l could get a
higher rate on but am not 30 sure Of
r. H.
Answer-Title Guarantee and Trust
Company guaranteed mortgage bonds
are very good investments. We do not,
however, consider it wise for any one to
have all his funds tied up in securities
that have limited marketability. The
exchange Of your short term govern
ment bonds is logical m owe to make.
We think, however, that your bond
holdings should be better diversified
than they would be if all were real
estate mortgages. You already have a
substantial part Of your funds In that
class of security. We suggest Cana
dian Northern rs, 1910, yielding about
So per cent; General Electric SIS, 1910,
yielding about 56 per cent; Duquesne
Light IS, 1949, yielding about SO per
cent; United States Rubber 5s, 1947,
yielding about 5.8 per cent; Pennsyl-
vania Railroad 6hs, 1885, yielding
about SO per cent. You might also
consider some Of the New York Tele-
phone 81 per cent preferred stock.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-08
Transactions Yesterday in Listed Stocks
Summary of Stock Exchange Dealings
January / to date

(Copyright le22 en- York Tribune lnc)
Perth Amboy evening news., 1922-11-02
WALKER WINS
NELTER TITLE
Defeats Jack Britton in Fiji
teen Round Bout at Garden
Last Night

Edward Michael Walker, better
known as Mickey of Elizabeth, N.
j., is the new welterweight cham
pion of the world. Ell won the til
tie from the veteran, Jack Brit
ton, in IL fifteen round bout at
Madison Square Garden last night.
The former champion took two
counts during the fight, a count of
seven ending the tenth round and
a count CO nine shortly after the
start of twelfth stanza In the
second round a left to the chin sent
the hero o. five hundred fights to
is knees, but he vas up in a flash
and there was no count. In the
eleventh round Britton was SO tired
that he fell down twice after miss
ing punches.
Walker forced the fighting
throughput the fifteen rounds and
Britton fought in a determined
manne throughout, although he
was forced to hold on to prevent a
Knockout in the last three rounds.
In the thirteenth round Referee
Haley asked the former champion
If he cared to continue AMI he an
swered in the affirmative.
Local fans saw Walker in action
at the local auditorium through the
efforts OF Rev. Father Charles
Prendergast, who played 3 lead
Ing part in the arrangements for
the first show of the Center Attn
letic Club last year. The Center
Athletic Club is running its first
snow of the present season in the
Auditorium tonight.