davidaulloa/AmericanStories huggingface dataset:
Bisbee daily review., 1922-07-16

price of copper, and in May the com pany made substantial entry on the profit of the ledger.
 Ore Showing Good
 The rich ore-bOdy encountered in the western part of Old Dominion continues in evidence and in the east upraising has disclosed a large ton mage of high grade ore, running about per cent to AZ per cent copper. The ore in the west, assayed, showed an average of better than per cent cop per.
 Old Dominion is keeping in liquid condition. It is well sold up on cop per and on the future of metal prices will depend to what extent produc- tion will be increased
 Companies May Merge
 The large interests in both Old Dominion and Arizona Commercial are confident that consolidation of the two properties would be of dis tinct advantage to both companies. and if equitable terms can be worked out, this will be done. The Phelps Dodge contingent owns in excess of 50 per cent of Old Dominions 350,000 shares outstanding and ther are fully cognizant of the progress made by Arizona Commercial in the last few years.-Globe Record.
Bisbee daily review., 1922-07-16
'B|LL' GOHR|NG
 TAKES CHARGE
 VERDE JEROME
Former Warren District Mine Superintendent Takes Over
 Development Operations

William Gohring, former mine SUI. perintendent of the c. & A., has taken charge of development at the Verde Jerome property, in the Jer- ome District. He arrived in Jerome last week, accompanied by A. K. Gaullaudet and Fred J. Elliott. off cers of the Verde Jerome.
 The Verde Copper News carries the following regarding the property:
 "A force of men has been at work for some weeks enlarging the old shaft which was sunk on the Verde Jerome holdings several years ago by Joe Larson and which reached a depth of 135 feet. The old working is being made into a three-compart- ment shaft and this has been com pleted and tfmbered to a depth of S5 feet; it is expected that the re- maining 50 feet will be finished in couple of weeks more at which time the real work of development will be begun.
 ''The first thing demanding atten. tion is naturally. the installation of suitable machinery and Gohring is giving this his first care. The lines OL NAiC IOWcI COulpduy cross the Verde Jerome ground and it has been decided to install an electric hoist, compressor and drills at once.
 Such hoisting as is required in the work of enlarging the shaft is being done by hand. In the meantime the foundations for power house, camp buildings and gallows frame are be- ing prepared and the road already built is being extended. Arrange ments are also being made for the. immediate building of the necessary workmen's houses, office and other necessary structures.
 Company Is Lucky
 "The directors of the company feel that they are more than ordinarily fortunate in securing the services of Gohring. who is recognized as one of the most competent mining men in the southwest, and who is greatly impressed with the possibilities of the Verde Jerome. "I don't know any more than you do" he said to- day to the Verde Copper News, whether we have mine or not. Nobody can prophecy as to that. I do believe, however, that the prop erty is full of promise and know that we are going to do everything possible to prove it up just as fast as is possible"
Bisbee daily review., 1922-07-16
SiliciOus Ore For
 Smelling Purposes
 Quarried From Hill

Operations on very slight scale were started during the week on Sac ramento Hill by the Copper Queen Branch. Phelps Dodge Corporation.
 The operations do not forecast the opening of the new concentrator at Don Luis nor has the resumption, of sar l,T. HIl work '; ,, k on large sfals; sS it to the ,duarrying of 3,0OOtor 4.OOO tons of q silicious ore month to augment the supply needed for the shelter at Douglas. This silicious ore was ex- posed by stripping operations on the hill.
 The latest work on the hill is in charge of George Mieyr superintend- ent of former operations at the big hill.
Bisbee daily review., 1922-07-16
P. D. Producers in
 Greenlee Assessed
 Sixteen Millions

CLIFTON, Ariz., July 15.-With the final assessment of the producing mines and continuous groups thereto in this county, and the assessment placed upon railroads by the state tax commission it is apparent that the to- tai assessed valuation of Greenlee county, for the year 1922, will be ap- proximately $31, ,750,OOO as compared with the assessed valuation for the year 1921 of $35,OOO .OOO, a decrease during the past year of $3,250,000.
 The assessed valuation of the pro- ducing mines and continuous groups of the Phelps Dodge Corporation for this year is $16,345, ,439 as compared with $176O9,559 for 1921, decrease of $1,264,220 under last year.
Bisbee daily review., 1922-07-16
NEW YORK coPeERs
to the miner and prospector.

10 the miner and prOspectOr.
 Work is being done in number of places and plans are being laid for work in others.
 Geo. M. Thomas, who owns the Cal ifornia mine, and has an interest ill a group of claims in the Tabatacachi district, expects to start work on these properties shortly.
 The California is low-grade ledge of gold-silver ore. being an average width of 40 feet. The group of claims in the Tabatacachi district carries good values in copper, silver and lead and has considerable shipping ore in sight.-Douglas Dispatch.
Bisbee daily review., 1922-07-16
OTHER CURES
Liberty Bonds

Liberty Bonds
 (Bv The AsSoerGted Prcss) NEW YORK, July 15.-Liberty bonds closed 31ss $100.S0; 1st 4hs $100.S2; 2nd 4As $1OO.54; 3rd 4Hs $10034; 4th 4zs $100.92; Victory 4%s s100.52.
 Cotton Market
 (By The Associated PrsSs) NEW YORK, July 15.-Cotton closed very steady, net unchanged to 4 points lower.
Bisbee daily review., 1922-07-16
THE REVIEWS WEEKLY MINING NEWS PAGE
Metal Market

tBy The dssoeiated Press) NEW YORK, July 15.-Bar silver foreign, .703s.
Bisbee daily review., 1922-07-16
Timber, Supplies
 at Higgins Taken
 Over by P. D. Corp.

All timber and supplies of the Hig- gins mine an option on which is now held by the Copper Queen, are now being taken over by the latter com pany. During the week, equipment and supplies at the Higgins were checked and inspected by P. G. Bech- ett. general manager of Phelps Dodge pro- critics in the west, D. D. Irwin,
Bisbee daily review., 1922-07-16

The time must come when all businesses will consider the advisability of advertising in the same spirit that manufacturer ponders over the advisability of adopting new machine. One does not install a piece of labor-saving mechanism because it suits his fancy; but because the efficiency of the business re- quires 1t.
 He expects the new machine to reduce his cost to operate-perhaps to make better product-and thus aid him in meeting com petition and making larger profits.
 Advertising is exactly similar. The man who refuses to consider it as a possible ex- pedent, simply shuts his eyes on one of the problems of his business. He might as we'll ignore the banks as sources of credit when he has need to borrow capital.
Bisbee daily review., 1922-07-16

Copper Queen superintendent, Arthur Notman, mine superintendent for the Copper Queen and J. J. Flannigan, To- cal representative of the Higgins es- tate.
 The Copper Queen does not contem- plate any operations at the Higgins until the copper market shows materi- al improvement.
Bisbee daily review., 1922-07-16

Published by the eisbee Daily Review In eooperatTor\ \with The American Association Of Advertising AaencesJ
Bisbee daily review., 1922-07-16
A Business Motiue Power

On the other hand, the man who looks to advertising to checkmate all weaknesses and shortcomings of his business and to carry it along to victory despite these, has child like faith in the miraculous.
 Advertising will not make his product or his service any better than they are; but it will bring him the full benefits of their merits. It will not eliminate wastefulness in his fac tory or his store; but 1t will reduce his cost to operate, It will not make illogical selling methods successful; but it will assist good selling methods, and often point the way for improving them.
 Advertising is the most inexpensive motive power that the manufacturer or merchant can buy today It is form of stimulus that brings excellent returns on the investment.
Bisbee daily review., 1922-07-16
Interest Revived
 in Mining Around
 Nacozari, Sonora

A renewal of interest in mining has started in and around Nacozari. The increase in the price of silver, copper and lead has served as a stimulent
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-01-29
Steel EARNINGS.
LARGE IN 1921,
I REPORT SHOWS
Bethlehem Steel Corporations
Preliminary Report Shows
Profits Last Year Were Big,

The Bethlehem Steel Corporations
preliminary report for 1921 shows not
only that company earned all dividends
with ample margin but considerably
strengthened its financial condition
during course OF year. 1t Ia also note
worthy that Improvement In financial
condition over two months. November
and December, was as striking as in
previous months. although latter part
Of year was probably worst 20 FAR as
Bethlehem was concerned.
Thus, working capital Increased from
S77,473,918 at end of 1920 to $685.
636,876 at close of 1921.
Cash and marketable security largely
United States Treasury certificate)
holdings Increased from s20,078, 1888 on
December 81, 1920, to $52,690,031 on
December 81, 1920. to $62.6s0,031 on
October 81 last and to $64,881 .227 on
December 81 last. Inventories declined
from $73,208, 678 on December 81, 1920,
to S4s.52S,s2s on October 81 and to $41.-
115.700 at CLOSE Of last year.
Amount of accounts payable In not
given In preliminary annual report but
they stood at $28,931,25 on October
81 and probably were slightly reduced
by end Of December. Bethlehem has
cash and marketable security assets
alone approximately twice amount of
its payables.
Bethlehem is now in sound inventory
position. For a company with a ca
/ pacity of $500 900 tons Of ingots in.
ventorfes of SAL 900. 900 are certainly
not large. And as they are marked
down to lowest possible basis, market
or reproduction cost whichever ID
lower, It can be regarded as certain
inventory depreciation will not be q
factor Of any importance In 1922 profits
In stating orders on hand manage
ment is most conservative. Figure
| given, $50,164,000, is after allowing
for cancellation of work on naval pro-
gram which may result from arms
limitation conference. This work has
not been cancelled yet. and from pres
ent outlook may be source OF profit to
Bethlehem for some time.
Equal conservatism Ii shown In
| calculating profits. sum of 81 800, 00l
being deducted to allow for expenses
OF bond redemption, ETC., in future.
This item 10 distinctly q future charge
and. eliminating it, Bethlehem's net
for common stock was equal to $11.50
share. instead OF 1885 a share
| shown.
President Grace was careful to point
out that large profits In 1921 were
due to carry over of business from
1920, orders on hand at close of that
year having stood at Sl45.2s7 900.
With reduction in carry over business
to $50, 164. 900 at end OF 1921 and with
company's steel plant operations run
ming only about 80 per cent capacity
at present the intimation In apparent
that profits, In first six months OF
1922 at any rate, viii be considerably
below those OF 1921.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-01-29

action. amendment Of the Federal re-
serve and farm loan acts, ana Con-
gressional investigation Of the subject
Of crop insurance.
The committee also urged q const.
tutional amendment prohibiting ID
suance Of tax free securities except
bonds and other obligations OF FED.
eral farm loan banks, and the re-
enactment of an excess profits tax.
1t urged equal confederation for agri-
culture with other industries In any
tariff policy. and the report protested
against enactment Of any consump-
ton. sales, or manufacturers tax.
In urging the ennctment of legislar
ton to meet the taymer's need for
short-term credit of from six months
to three years the report asks that
law be enacted which shall empower
any agency of the Government to
discount for any national bank. State
bank, trust company, incorporated
live stock association, or savings In
stitution, with its Endorsement, any
note or other such obligation, the pro-
ceeds of which have been advanced
or used in the first instance for an
agricultural purpose, or for the rails
ing. breedings, fatt ening, or market
ing Of live stock, and to make loans
direct to any cooperative association
organized under the laws Of any State
and composed of persons engaged in
producing staple agricultural prod
ucts. II the notes or such other obliga-
lions representing such loans are Sc
cured by warehouse receipts covering
such products.
The committee urged that the Fed
eTal Farm Loan Board continue to
employ extraordinary efforts in the
sale Of farm loan bonds. and that Con-
gress pass appropriate legislation to
create an agency within the farm
loan system to market its bonds. 1t
was also recommended that as soon
as the needs of the small borrowers
and the available funds Of the system
will permit, the borrowing limit be
raised from $4,000 to $4,000.
In referring to international credit.
the report says:
I'VE trust that 1t may not seem in,
consistent with prudent policies Of
state for the United States at the
Jroper time to participate in a con-
ference for economical and financial
reconstruction In Europe to the end
hat we may counsel with the prin-
Cipal customers for our products con-
corning their present difficulties and
future needs. that they may under
stand our situation, that we may un.
derstand theirs, and that we may as
certain what we may expediently do
within the limitations of our consti-
tuition and our established American
policies to accommodate them and our
selves through sound credit arrange.
ments by international financial insti-
buttons, or otherwise, in helping to
stabilize exchange and thereby to
stimulate international trade which is
one of the chief factors in determining
the value Of our products and in re-
storing the normal commerce Of the
world"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-01-29
Creditors Meet.

Anyone who believes that a Wall
Street, failure ends with the an
nouncement should have visited
Bryant Hall Thursday evening. 7.
ID. DER creditors were meeting. The
hall was damned and the overflow
crowd was almost big enough to fill
Madison Square Garden. The cred
itors wanted a committee to keep
after the receiver and also to try to
locate more assets. The receivers
representative pointed out that this
was the receivers duty. One cred.
itor arose to give his views, which
he did by stating that he had heard
somewhere and at some time that
the "B. r. T. has a receiver" The
meeting lasted three hours. Every.
body had something to say, and
everybody said 1t. Finally the com.
mittee was appointed to hold its first
meeting yesterday. Those in charge
say they have only started.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-01-29
BUSINESS TONE
IS MUCH BETTER,
SURVEYS SHOW
Capital Loosening Up to Indus
try's New Needs, Reports
Federal Reserve Board.
BY w. II. ATKINS.
Intsrnatisnal News Service.

A better business tone over the
country was shown today by reports
Of new surveys OF industries and
commercial enterprises.
Federal Reserve Board reports. and
the advices collected by Secretary
Hoover's large staff Of trade ex-
perts. offered evidence that as prices
have reached a more definitely fixed
level in most lines. capital il loosen
ing up In a remarkable degree TO
finance industry's new needs.
The Government Ia gratified over
credit support for business, but finds
it's chief concern In larger financing
to aid agriculture. The Administers
ton has decided that larger credit
must be given the farmers. Bankers
have shown a ready response, the re.
ports show. to demands Of industry
for q larger supply of capital. and
at lower interest charges, but the
farmers in complaints to Washing
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-01-29

ton stilI are handicapped BY inability
to obtain sufficient capital Ut rsa-
Through the oovsrnmsnrs ,stss-
lished agencies, including the War
Finance Corporation and the Fed
ersl Farm Loan Board. tits az
pected that Q portion Of the credit
demand from Agriculture viii be met
TO enable the farmers % enter the
new season and be provided VITA
financial means 70 help In the plant
Ing Of the new crops.
Bankers generally. hcwsver. are to
be urged through Government chan
nels TO extend a. far az possible
liberal accommodations though IL u
not believed specific orders Of that
nature are necessary through the
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-01-29
Weekly Financial ReUieuO
By HENRY CLEWS,
OF Henry Clsws 4 Co., New York Banksrs.

although there are abundant free
funds In many parts Of the country,
and particularly In the cities. There
Ia now no reason why commercial
businesses should not supply them
selves with the funds they require at
very moderate figures; indeed. most
of the banks In all parts Of the coun-
try would be very glad to see an ac'
tive revival Of the commercial demand.
Market Review and Outlook.
Market conditions during the past
week have been somewhat uncertain
and irregular. Buying demand has
been slack. but the general public are
In a receptive mood, and with any
market encouragement would not hest
tate TO make fresh purchases. The
trouble In that spurts Of activity are
followed by periods Of sluggishness
due 70 the publication from time TO
time Of last years unfavorable earn.
ings reports, and this condition has a
disoouragtng effect on the outside
man, although It does not produce
any liquidation of consequence. The
sugar business 10 fast righting itself,
and most of the refining and pro-
ducing companies are now In fair
way to show profits hereafter instead
OF deficits. The firmness Of the wooden
shares indicate quite clearly the i'm
proved condition of the wooden trade.
and this In also true with respect to
the shares of the Steel Corporation
and of the copper companies The out
look. therefore, II by no means dis
couraging. although the market may
continue to be q two-sided affair, until
Il In demonstrated more fully that
present predictions of trade improve
ment are well founded.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-01-29
Now One Can Be Single
for Nothing in Montana

HELENA. Mont, Jan. 28.-The
supreme court declared unoonstitur
tional the bachelor tax law passed
by the last legislature and the pom tax
law. which has been in force for more
than twenty-one years.
I The bachelorS tax was imposed on
all adult males who were not heads
of families.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-01-29
Farmers Want Banking
LnlUs More Flexible
Conference Adopts Report Of Committee Rec
ommending intermediate Credits for
Farmers Through Commodity
Financing.
BY HARRY GUSACK.

Believing that the permanent banking machinery OF the
country is not adequately adapted to meet the farmers
requirements operative and marketing conditions such
Is temporarily available through the War Finance
Corporation recommendations contained in the report OF
the committee agricultural credit urging that Congress
take steps aid the farmer adopted at the national
AGRICULTURAL conference last night.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-01-29
Why Trader Grow Gray.

Opinions uttered by two experts"
In the same brokers' office: First,
Think any activity will be on down
side:' second. Think the market n
q purchase ON this reaction
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-01-29

q The committee on AGRICULTURAL
credit, Insurance., and taxation recon-
mended the enactment by Congress
of laws providing intermediate credits
for farmers through commodity
financing. continuation Of the War
Finance Corporation pending such
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-01-29
WALL STREET GOSSIP
Indopcndent Steels.

The Bethlehem Steel statement was
quite favorable. but this is only the
first Of the reports that are to be
made. Other independent steel COM
panies have not Bethlehem's ship
building accounts to help out their
income. Their reports will be bad.
This was expected and should have
little effect on the stocks. What has
come rather Unexpectedly is the re-
port that two Of the mergers that
were looked for are apt to fall
through. The enthusiasm over the
rumored steel consultations was be-
coming too great. Warning to this
effect has been made before. There
were SO many angles to be considered
that negotiations for such q grouping
could fall through at any time. Even
II successfully carried out, they would
be for the purpose Of economy and
therefore could mean little pecuniary
benefit to shareholders for some little
time.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-01-29

or Again. On Again.
Negotiations are more often i'm
portant for stock market purposes
than otherwise.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-01-29
Poor Annual Reports.

The expected flood has started. Sew.
eral rather poor annual reports have
been issued for 1921 and many more
are to come. However. It will be very
unwise to take them too seriously. In
q year such as has just been conclud-
cd income, or lack OF income, means
next to nothing. What Is most i'm
portant is: How has the company's
financial position stood the strain7 II
no Gripping financing was necessary
and IL the prospects for the specific
industry In which the company oper.
ates are improved, the 1921 earnings
can be entirely overlooked. Pools have
accumulated stocks of several CON-
panies whose earnings In the past
year were negligible. They will accu-
mulate others. The one factor of i'm.
portance IL the financial condition.
IL precarious II would be well to leave
the stock alone, as the banks are not
likely TO feel obliged to carry the
tame ducks" much longer. For this
reason the condensed analysis" In
this column win point out the peril
nent financial facts as the reports are
Issued,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-01-29
Columbia Graphophcne.

The sudden bulge in Columbia
Graphophone preferred caused quite
little comment. 1t was due mainly
to private advices that the bond In.
terest due on February I win be paid.
However, inquiry among those close
to the company brings out q some.
the effect that while interest IL likely
to be paid. II will be delayed. The un.
Outstanding IL that q reorganization Is
likely under which an exchange of se.
curities will be arranged. As the pre-.
ferred shareholders are expecting to
get some ratio Of new stock without
an assessment, those who bought al
the low prices are holding on. What
win happen to the common IL another
story.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-01-29

Unemployment has been reduced
one-half in the last four months, de
clares the DepartYrent Of Labor
Within the next four months the tota
should again be reduced one-half OF
more.
copyright, 1879, by b. c. Forbes,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-01-29
Reaction Talk,

Reaction Talk.
Don't be too carried away with ap.
parent reactions while the pools are
holding the big bulk OF stocks.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-01-29

Housecieaning 70 quietly going on
in Wall Street. An important an
nounesmsnt VIII be made next week
concerning some Of the stock ex
changes activities in this direction
Several serious evils are now being
probed by the authorities. who are
sincerely anxious to remove all just
grounds for criticism. sThe drumming
out of the stock exchange TO twp mem
beers found guilty Of dishonorabls
practices. In only q beginning.