davidaulloa/AmericanStories huggingface dataset:
The Delta independent., 1922-06-02
SOMERSET NEWS
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Billie Lux spent several days on the
Berg ranch this week.
Mrs. Holiday and daughter, Verma
spent Wednesday in Paonia.
Elizabeth Neesham Of Paonia, spent
Tuesday in town.
Mr.. and Mrs. Kocklick and family
spent Sunday in Bowie.
Mr.. and Mrs. Mlakar and daughter,
Mary, spent Sunday in Bowie visiting
friends.
Mrs. George Davis and Miss Velma
Reed of Bowie came up Friday even
ing to attend lodge.
Mrs. Bert Charlesworth went to
Hotchkiss Monday evening to have
some dental work done.
Mr.. and Mrs. Jurcheck and family
and DR.. ]. f. Mcconnell motored to
Paonia Monday.
Bob Stoker went to Delta Sunday
to purchase a new car. The family
is we'll pleased with it.
The Somerset ball players lost their
first game of the season to Olathe
Sunday. The score was 10 to 5.
Mrs. John Rush of Hotchkiss is
spending a few days with her son and
daughter IN law, Mr.. and Mrs. George
Rush.
Thelma Buten came down from the
ranch Saturday for the dance and to
visit friends. She returned home
Tuesday.
Eva Muhlestin, who has been visit
ing her sister, Mrs. John Cain. at
Gunnison returned home Thursday
evening.
Mr.. E. T. Ralph made business
trip to Salt Lake Sunday. Mrs. Ora
ham and sons, Robert and Aften. went
with him.
Mr.. and Mrs. George Edwards and
family, Mrs. Emory Ward and Lillian
Neesham left Saturday evening Tor
months trip to California.
Thelma Neesham, Vauncile, Stoker,
Martha Sutch and Helia Hin went for
a hike down to Bowie Monday. They
returned home on the train.
Thomas Neesham motored to Hotch-
kiss Thursday evening to get the pas
sengers from the train. which got
here Friday morning at o'clock
Mrs. E. Schmidt spent Friday in
Paonia visiting her mother, Mrs
Quackenbush. Her mother returned
home with her for a short visit here
Harry Evans and family moved In
to the house vacated by Dick Williams
and family Tom Sierra and family
moved into the house vacated by
Evans.
The Antlers club gave dance Sat
urday evening. A small crowd was
present. Several cars came up from
Paonia. All reported having good
time. :.
Mr.. Charles Lawrence went to Salt
Lake to the Utah Fuel Co. hospital
Wednesday to have special care taken
of his leg that he had cut on some
time ago.
Miss Dorothy McKenna, who has
been teaching the past term at Natur'
ita. returned home Monday evening
Her mother. Mrs. VIII Payne. went as
far as Delta to meet her.
Mrs. Henry Luxand Mrs. Ed James
went to Delta Wednesday Mrs
James returned home "Wednesday
evening. Mrs. Lux stayed in Delta to
have her ears operated on. She re-
turned home Monday evening feeling
much better.
Wednesday afternoon and evenins
the members OF the l.. ID. S. Church
hoIa convention. President John
u KNIGHT and Elders Merrill. Hanson
King and Lyon were present In the
evening the ladies' served ice cream
cake and lemon ade.
The Delta independent., 1922-06-02
Had Theatre Party.

Had Theatre Party.
Mrs. G. c. Atwood OF Cedaredge
chaperoned party OF thirty to Delta
Monday evening to attend the feature
Aim. "The Old Nest" at the A-Muse-U
Theatre. They expressed themselves
as delighted with the presentation
The Delta independent., 1922-06-02
Buys Geer Property.

Buys Geer Property.
Charles White. completed deal
last week for the purchase of the
pretty Taylor Geer home on South
Main street. He and his wife are
moving there this week. This is one
of the prettiest residences in the
city and will make very nice home
indeed,
The Delta independent., 1922-06-02
Visiting at Montrose.

Visiting at Montrose.
Mrs. Ida Fauber, who has spent the
past two months with her son-in-law
and daughter, Mr. and Mrs. Dick
Kistler, went to Montrose Sunday to
spend Memorial Day with friends.
The Delta independent., 1922-06-02
woman's Club Elects OFFICERS.

Woman's Club Elects OffIeers-
At the final melting of the Delta
Womans Club Wednesday last week
officers were elected as follows: Mrs.
NJ Springer, chairman program COM
mittee: Mrs. Avon C. Remington, sec
retary: Mrs F. R. Stearns. treasurer.
The office of president and vice presi-
dent will be filed by appointment by
the executive committee.
The Delta independent., 1922-06-02
Leave for California.

The Misses Ida and Anna Petmecky
who have made their home here for
several years, spending the past year
as teachers in the Olathe schools,
left Sunday for Fullerton, California,
where they will make their home with
their parents, Mr.. and Mrs. John Nc
Weigh.
The Washington times., 1922-10-09
Banks Financing Crop
Movements With Ease
Federal Reserve Boards Monthly Review
Federal Reserve Boards Monthly Review
, Shows Improving Business and
/ Financial Conditions.
BY HARRY GUSACK.

The strides toward business recovery that have been
made in recent months throughout the United States
phaszed by the with which the banks meeting the
requremns of the current movement the Fed
ra Reserve Board in its monthly review business
and financial conditions made public TODAY.
The Washington times., 1922-10-09
SAY
BIC BUSINESS
IS JUST AHEAD
Prosperity, It Is Declared, Will
Compare With That Of
World War Days.
BY GEORGE r. HOLMES.
International News service.

An era of increased business com.
parable only to that existing during
the hectic months that preceded
Americas entrance into the world
war is now getting under way
throughout the country. according
to reports and surveys completed
by Government bureaus.
The extent Of this prosperity,
officials said today, will be meas
ured only by the ability Of the
railroads to keep pace with the
growing demand for transportation
facilities.
The railroad situation is causing
the Government acute anxiety. and
there are serious doubts whether
the roads will be able to maintain
the service necessary to allow the
country to reap the full benefits
of the better business ahead.
was admitted today. The prin-
cipal efforts Of the Government In
the business field for the next six
months will be directed toward cas-
in. the transportation situation.
Roads Hit by Strike.
That the railroads were harder hit
by the shopmen's strike than they
would admit, even to President Hard
ing. Is now generally known. Within
the last week President Harding has
discussed the transportation situa-
ton with numerous callers, to whom
he impaired the information that the
condition of the railroads was badly
misrepresented to him during the
strike by spokesmen for the railway
executives.
The ten weeks strike brought the
condition Of motive power and Of roll
ing stock generally to a point where
i: is now the only outstanding men,
ace to an era of good business condi-
tions.
In arriving at their optimistic pre-
dictions concerning fall and winter
business, Government officials have
taken into account three national
business barometers: The amount Of
business being offered the railroads;
the condition Of the employment mar
ket, and postal receipts, always a re-
liable barometer of general business
conditions.
Last week saw more business Of
fered the railroads than at any time
since 1920. The greatest business ever
done by the railroads under private
control was in 1920, and the business
last week was within 4 per cent OF
that peak.
Records May Be Broken.
This week will see records
smashed. in the opinions of Govern
ment officials and railway eIecu-
tivos
There is now virtually no unern-
ployment in the country, and before
many weeks there are prospects OF
an acute shortage Of labor in many
fields. according to reports to the
Department of Labor Sixty.five
cities, from coast to coast, showed q
marked increase in employment in
September over August.
II was marked, too. that the in
creased employment came in what
are regarded as the key" industries,
steel. textiles, and railroads, the
surest indicators OF national condi-
tons.
Postal receipts for the last week
available show an increase of lis
per cent. Government officials at
tach great importance to postal re.
ceipts as a barometer Of business
conditions generally. History has
shown that when business Is good
the mails are heavier. and when
business is bad the postal business
also is bad.
The Washington times., 1922-10-09
OIL STOCKS
AGAIN LEAD IN
ACTIVE MARKET
Standard and Other Oil Shares
in Big Demand as Prices
Rapidly Advance.
BY w. s. COUSINS.
Copyright. 1922. by Cosmopolitan News
Servce)

by w. .. COCSlNo.
Copyright. 1922. by Cosmopolitan News
service.)
NEW YORK, Oct. 9.-on was
king in the speculative markets to-
day, and from the opening gong
traders In the stock market bid
wildly for oil stocks of every de.
scription. grabbing them feverishly
at rapidly mounting prices. Before
the end of the first quarter of an
hour, Standard OIL Of New Jersey
had added about IS points to its
quoted prices. while in the outside
market the Standard Oils which
have been making history continued
their climb into new high-price ter
ritory.
Not to be outdone, the so-called
Independent oils entered actively
into the trading, and. on a heavy
turnover, advanced from l to
it's high mark at SSh; Texas Com
high at SIN; Mexican Petroleum
took another plunge forward. and
sold up points at 1874; Phillips
Petroleum. California Petroleum.
Pacific OIL, Cosden, Maryland. Pro.
ducers and Refiners enjoyed the
most active market that they have
had collectively in month or
more. and prices improved as the
demand for them increased.
Sinclair Strengthened.
Both Sinclair and Texas compan.
les have been materially strength.
ened financially by the develop.
ments which have taken place in
them since the turn of the year.
The Texas company has paid off
over $27 100000 of per cent serial
notes out OF funds on hand, and
has pursued an ambitious program
OF expansion. particularly In it's
Rocky Mountain territory. Sinclair
has not only opened up new terri
tory. not the least prominent Of
which Is in connection with its lea ses
In the Teapot Dome, but has been
placed in excellent financial posi-
tion by the conversion Of its IN per
cent gold notes into common and
preferred stock. Mexican Petroleum
Is far from the has been" that she
Is reputed to be in some speculative
circles. and her periodic kick backs
have been as vigorous as any of the
movements of prices.
"NAS was bOVd htl lOI lIIt
steels and industrials. in a number
which bullish demonstrations were
held. Dupont, American Woolen,
National Biscuit, Studebaker, Bald.
win. United States Steel. Famous
Players and Iron Products and Gulf
States Steel all sold at better prices
than they have commanded in two
weeks or more, some OF them in new
high price territory. Dupont was
most prominent, advancing points
to a new high at l65; United States
Steel smashed all its former records
since 1920 by selling above 107.
Interborough stock fell off sharply
on publication Of the details Of the
reorganization plan, while Manhat.
tan Elevated sold up about 2 points.
New weakness developed in the
shipping stocks. and Marine pre-
ferred fell about three points to 59is.
while Ship and Commerce and Amer.
lean International lost about one
point In the early trading.
Call money prevailed at ~.
The Washington times., 1922-10-09
VIRGINIA AY|ELDS
BIGGEST CROP IN
|. LAST 25 YEARS
Cereals, Root Crops and Fruits
All Abundant-Tobacco
Prices Up.

PURCELLVILLE, Va. Oct. g.
Virginia farmers are reaping the
best crops they have had for
twenty-five years. including corn.
wheat, oats. potatoes. apples, and
peanuts.
Prices for tobacco are higher
than for a long time, due to the
fact that the farmers are handling
their own sales and have forced
higher prices and lower charges for
handling when sold. Much Of the
early cutting has been placed on
the market and the farmers have
their money. Corn will yield $4,000
900 bushels: wheat. 10,500.0o0
bushels: tobacco, 1877 100000 pounds;
white potatoes, $4,000, 900 bushels;
sweet potatoes, about 5000, 900 bush.
els: apples, 1,000,00 barrels. and
peanuts about 900, 900 bushels. TIE
apple and peanut crops are short.
Late frosts hit the apples. Peaches,
too. are short for the same reason.
The Washington times., 1922-10-09
Short Term Securities,
GFurnished BY Redmonr 4 Col
Bid | Ask.

Alum. co. Of Am. rs, 1925 I1O4h l04&
Alum. Co. OF Am. rs, 1983I1O6E l0s u
Amer. Cot. Oil SIS, 1924, 80 99X
Amer. Sug. 8's, 1887. .I1O2X 103
Am. Tel. & Tel 6's, 1924 llO1S I101a
Am. Tel. & Tel SIS, 1925. l117 Ills
Am enn Io5. co. "a 1928: :. 1o17 u 1o2A
,nacon9a COP. 6s. 1929. 101& l02
Anaconda t COP 70, 1929. 103S 1895
-tmsio,Am' Oli y 8, 1925 103s 1037s
aotlour ao,h q co. rs, 1880. 104h 1855
Delh. steer -, 1923. 80. 1861 1861
Canadian Pacific 6's, 1924I1OOI l101is
{. c. c. & st. L. 6's, 1929 1O2 i102L
c. Gas of n. Y. rs, 1922. .llOOI zoos:
Cop' Exp. "A" Ss, 1924. 102k 1927
COP EXP. A Ss, 1925. -. 1881 l04
Cudahy Pkg. Co. rs. 1923l1O1 %I10i7.
Dufoht 'zs s. 1881 ...... l07B 1881
Goodyear T. & r. SIS. 1881 99& 100
Great Nor. rs. 1896. .I112 112I5
Gulf OIL Corp. rs, 1898, .l1O3A l04Is
Humble Oil 61a's. 1882. a9X 9eln
Ken. Cop. 7's, 1880. .llO4S I1O4 Il
Lib. Men. & L. rs, 1931IlO2L 90 81
NJ. St.P. & S.S.M. 6h's. 1O3B l1O4is
Morrls q co. s, 1880. 106k 1O6 *
fenna' H. X. rs, 1880. 110 110%
st. p. U. Dep. 52's, l923liOl 101 L
sears n; q GO. rs, 1923. l0l u l01 a
M SWn. BEL IS, 1928. -. l102& 1O3
Ildewater OIL 6las, 1881 103 103i2
Un: rank Car 7s. 1880. 1881 103s4
y. s. Rub. Co. rs, 1923. 1O2h l1O2 a.
Vacuum OIL rs, 1895. .l10SS ll0sSs
Wtgh. Z. & NJ. rs, 1881 1O7S los
The Washington times., 1922-10-09
AD7sPS 4sgsrsH#" E@#" B SINESS AND FINANCE III
Nations Gross Debt
Is Reduced To u
Billions

The country's gross debt has
been reduced nearly $S,000,00O,-
900 in four years, Treasury Of
ficials declared today.
The United States Treasury's
reports showed that the war
debt was at its peak on Aug
ust 81, 1919, when the figure
stood $25, 5,47S, ,00O,0 900. The
nations debt now stands $22,-
555, 1000, 900.
About $2,OOO,00O,000 Of the
debt to be retired before the
close of the year includes
1874, 100000 in Victory 4 3-4 per
cent notes which have been
called for redemption December
Is, next. Another block of
Victory notes amounting to
1891 100000 mature May so,
1923.
The Washington times., 1922-10-09

Copyright. 1922. by Cosmopolitan News
ServIce)
NEW YORK, Oct. 9.-Probably
the most attractive feature OF the
new bond Offering of the Federal
Treasury Department. is the ma.
turity OF the bonds. none Of which
can be redeemed for a period Of
twenty-five years. The interest
rate OF AZ per cent is generally
in accord with the prediction Of
those who were closest to the
Treasury Department though there
wns also a widespread opinion tina.
the new bonds might carry An
per cent. This is the first time
that investors have had an oppor-
tunity TO purchase a Az per cent
obligation OF their own Government
running for a period Of twenty
five years. and this fact. together
with their excellent tax-exemptiou
features. will commend the new
issue to investors OF large means
in every section Of the country.
The total amount of $500, ,00O,0 900
in cash offerings will doubtless be
largely increased by the condition
that holders OF Victory 4A per cent
bonds, due December Is, 1922, may
exchange their bonds for the new
Treasury offering. BY this opera
ton IL will not he surprising II at
least another $3.50 .000. 900 is added
TO the aggregate OF the new bonds.
making a total of $3.50 900, 900.
Debt Not Increased.
II is important to consider that
the new bonds will not increase
the bonded Indebtedness OF the
Government, as the entire proceeds
will be devoted TO refunding pur.
poses. The Treasury Department
has had good success In retiring
war bonds and thereby
reducing the bonded debt; and the
success Of this offering will make
a fitting conclusion to a successful
years operation Of Treasury H.
nance.
The new $4,000. 900 of Republic Of
Haiti general sinking fund per cent
bonds, due October !, 1852, are Of
fered by a banking syndicate today at
a price to yield about Ga per cent to
maturity. The proceeds Of the bonds
will be used to refund two loans now
outstanding in France to the amount
OF about S6.0OO.000 francs. They are
issued pursuant with an agreement
with the President Of the United
States and will be secured by a spe-
cific first charge upon the internal
revenue and customs duties OF the
republic of Haiti.
Dow.Jones & Co.'S bond index for
September, based upon average price
and yields Of forty corporation bonds.
including high and second grade rail-
road, public utility and industrial is
sues, has reached 77.47, the highest
figure since January, 1917. This is
81 point over August and 4.44 points
under January. 1917.
Public utility bonds made an un'
usually large gain. 1.76, from 69.S3
in August, to 71.59. They are still
.65 point under the high Of 1917.
Second. grade railroad bonds de.
clined .16 Eoint, while high-grade in
vestment issues advanced .2S point,
and reaching the highest since 1917.
Industrial bonds gained .55 point
in September to 1928, compared with
high OF 1853 in January. 1917. They
have maintained steadiest movement
during the war and since.
The Washington times., 1922-10-09
Get Together" Meeting.

Directors Of the American Ma.
tional Bank, recently merged with
the Federal National Bank, will be
the guests Of the directors of the
latter institution at an informal din
ner at the Willard Totel Thursday
evening at $50 o'clock it was an
Anounced by President John Poole to-
day.
Mr.. Poole said that the meeting
twas to enable the directors of the
two merged institutions getting ac'
ouainted with one another. A simi.
lar meeting for the clerks and tellers
of the two banks will be held at the
Columbia Country Club, probably
Friday night, il was stated.
The Washington times., 1922-10-09
Foreign Exchange.

NEW YORK, Oct. 9.-Sterling de-
mand, 4.41h; cables, 4.41%. Francs
demand. .0757: cables .0757a. Lire
demand. .0427; cables. .0427h. Bel
gian francs demand, .0707h; cables,
.070S. Marks. .00003A new low.
Drachmas. .03l8: no cables. Swiss
francs demand, .01S70; cables, .0lS72.
Guilders demand. .03sS5; cables.
.03S8S. Pesetas demand, .0151S;
cables, .0l52O. Sweden kronen de-
mand. .02649: cables .02653. Norway
demand, .0l774; cables, OTIS. Den.
mark demand. .O2029; cables, .O2033.
The Washington times., 1922-10-09
A. /. R. Activities.

The coming seasons activities of
the Washington Chapter OF the
American Institute of Banking will
| be outlined at the first fall meeting
| OF the Chapter Wednesday night at
& o'clock, 1t was announced today by
w. A. Dexter, president. Short talks
will be delivered by j. b. Larner
and Joshua Evans, ir.. president of
the District Bankers Association.
The Washington times., 1922-10-09

IN pointing out the contrast be.
tween general conditions of credit
now prevailing and the conditions in
the autumn Of 1921 and of 1920, the
review says:
From autumn to autumn the vol
ume and distribution Of the credit
burden carried by the banks differ,
ana these differences largely deter
NINE the method of providing the
aaoltional funds necessary for the
season.
The position Of the credit markets
ana the condition of member banks
lniiuence each year the extent to
whlch the assistance of the Federal
reserve banks is needed to meet the
seasonal demands of agriculture.
rms season the method employed is
interesting as indicating the crop.
moving problem Of 1922. and as pre-.
sentlng evidence Of banking develop.
hents during recent months.
Banks Meeting Needs.
The important fact about the
financing of the crop movement
OF this year Is that although the
yield OF the principal crops Is in
excess OF year ago, yet the cred
II necessary to their marketing is
peing furnished chiefly by the local
banks of the producing communi.
ties practically without assistance
from outside. This is the chief
point OF difference between present
conditions and those which existed
enther in 1921 or in 1920. In both
or these years the local banks not
only rediscounted with the Federal
reserve banks, but the reserve
banks in the districts that are
largely agricultural rediscounted in
banks.
I'm 1920. when the prices of asri.
cultural products were near their
peak, the amount of accommoda-
ton extended by the Federal re.
serve banks Of the North and East
TO the Federal reserve banks in
agricultural districts of the West
ana South reached record heights
In the autumn of that year the
lending power of the reserve sys.
tenn was mobilized to meet the de-
mand for credit which mounted
steadily until the close of the crop.
moving period. By the autumn Of
1871 the business situation and the
level Of prices had under. gone great
change, and, in general, credit con-
ditions were easier.
Little Aid Sought.
1 "The local banks of the agricul.
tural districts, however, were still in
need Of assistance. The difficulty
then was that the prices Of farm
products had fallen so low that
farmers could not realize enough
from the sale of crops to meet their
obligations at the banks. This was
the period Of frozen loans. The
banks. being unable to obtain full
liquidation of old loans at home,
were obliged to rely upon redis-
counting as a means of providing
their borrowers with new funds.
The Federal reserve banks in the
crop.producing districts again found
ii necessary in 1921 to rediscount
with other Federal reserve banks.
During the present crop moving
period, however. though the reserve
banks have stood ready to extend
accommodation at lower rates than
in the preceding year, there mas
been little call for their aid. The
extent of the change in credit con-
ditions is sufficiently indicated by
the fact that the larger crops Of
the present season are now in
process Of being financed with a
hardly perceptible influence upon
the lending operations Of the Fed
erla reserve banks"
The Washington times., 1922-10-09
BIG OIL GUSHER IN
ON U. S. WYOMING LAND

CASPER, Wyo.. Oct. s.-The first
susher on the Teapot Dome, United
States Naval Reserve, forty miles
from Casper, came in with an esti-
mated daily flow OF about 10000
barrels. II the estimate is correct,
this will be the largest we'll in Wyo-
ming.
The Teapot Dome reserve recently
was leased to an oil company by
the Federal Interior Department.
The Washington times., 1922-10-09
Local Stocks.
SALES.

Washington Railway and Electric
CON-, 1906. 4@55.
Washington Railway and Electric
pfd.. 1O@7S. 5Q7s. 547s. 1oQ7s
10@7S, 1OQ7S. 1OQ7S.
Union Trust Company, 10@137.
Lanston Monotype, 10@S0A.
Mergenthaler Linotype, 10Q179, 1C
Q179, 2Q179. 29179, 2Q17s. 1O@179
After calla
Washington Railway and Electric
CON-, 1Oa55, 1o@55. 1O@56. 100
54B, 10Q54H.
Money-Call loans, 5 and 6 per cent.
The Washington times., 1922-10-09
Cotton Market.

NEW YORK. Oct. 9.-The co,ton
market opened strong today with
prices Is to 30 points higher on heavy
and local foreign buying. There wa
lot OF profit taking on the rise were
prices were well maintained. Bullish
sentiment was general. but owing To
the strength in the Clots market and
a belief that hedge selling would show
a steady decline
The Washington times., 1922-10-09
Oil Stocks.

Furnished by W. B. Hlbbs 4 Co.
D.Ioes nj noon: Bid. Asl
The Washington times., 1922-10-09
NEW TREASURY
BOND ISSUE HAS
C00DFEATURES
Long Term Issue at a 1-2 Per
Cent interest Expected to
Be Quickly Absorbed.
BY MUNROE ROBERTS.

Copyright. 1922. by Cosmopolitan New,
Servlce.)