davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-05-11
PRICE FIXING NOT JOB
OF RESERVE SYSTEM
w. p. c. Harding Declares to
Southern Association.

BrnMrNoHAM, Ala. May lot Is
not the function OF the reserve system
nor of any banking system to attempt to
fix or control prices, and reserve dis
count rates have never been established
with that idea in viow," to-day declared
w. p. G. Harding. governor of tho
Federal Reserve Board. before the
Southern Wholesale Dry Goods Associa-
tlon. Continuing. ne said. "As a matter
of fact. they have always been lower
than current rates given by member
banks TO their customers and, due to
peculiar circumstances, have, In fact.
followed. rather than led. the rise and
fall Of current rates. Banks are chiefly
concerned with pricos only in so far as
the security Of their loans may be In
volved and thoy are interested more In
the stability OF prices and their margin
OF collateral than in the general price
level itself. Banks DO not create general
conditions, but they must adjust them
seIvep to changing conditions. which IN
rocent sventful years have been brought
about by unseen and irrcsistibie forces
throughout the world"
The New York herald., 1922-05-11
u. S. STEEL'S ORDERS
LARGEST SINCE JUNE
Orders Coming In at Rate
AboDe Capacity.

The report of the United States steel
Corporation Of untitled orders at the
close OF last month. made public yester-
day. showed B,096.917 tons. an increase
OF 602,7 tons over the preceding month
and the largest reported since last June.
This increase was about in line with
what the financial district and the steel
industry had been expecting and 1t was
accepted generally as an excellent In
dication that the improvement In the
steel industry has been far more real
than mythical. AT the end OF March
untitled orders aggregated 4.494.14s tons
and at the end of April last year 5.s45,-
224 tons. The following table gives a
comparison since January, 1920:
The New York herald., 1922-05-11
RESOURCES LOWERED
BY NATIONAL BANKS
March Figures Show Drop of
81 ,601 1926, 900.

WASHINGTON. May 1os-Resources of
national banks OF the country in March.
amounting to s1s,s5o. 900. including
rediscounts. decreased s1,6o1.32s,ooo.
compared with those of February. 1921.
and decline of s93,340.000. compared
with those of December. 1921. according
to the latest abstract of reports of con-
ditions Issued tonight by Comptroller
OF the Currency Crissinger.
Total deposits at the March call.
amounting to $15.3so. 900, showed a
decrease OF ss7.s1e.000 compared with
those OF February. but an increase of
$315,336,000 compared with those of
December. Loans and discounts. In
cluding rediscounts, in March were
$11. asa .57e, 900, or q decrease OF $1,542,-
$4,000 from those of February and a
decline Of s22,s1o.0oo from those OF
December.
The New York herald., 1922-05-11
SECURITIES AT AUCTION.

King Philip Mills. sf42.
fo1 Indian Orchard Mills. 50 lot
10 Railway Steel Springs preferred. f1f0is.
rs American Can preferred, S103M.
~ Diamond Match. sii3.
1900 Carolina. Cllnclifield and Ohio first
rnortgngc 30 year per cent. bonds. due
1898. 80 per cent.
Chemical National Bank, s518
400 Cuba Distilllng preferred. s12.
100000 Colonial Mining, under Ontario Mn
Ing Companies, $500 lot.
100 National Dry Dock and Repair pre-
ferred, 500.
1gJ American Merchants Marine Insurance,
500
$500 Columbia Graphophone Factories pre-
ferred, S26.
ESQ stern, We'll 4 Menas. $4,000 lot.
I ,40s Now England Fuel OIL, $40 20 $f4n.
700 y. 8. and NJ. Petroleum, s24 lot.
10 Foreign Trade Banking, so.
10 Pierce Arrow preferred, S4d.
80 Pierce Arrow preferred. S4l.
The New York herald., 1922-05-11
SAYS BANKS HOLD UP FARMERS
y. n. Howard Tells Financiers of
AgrfcuIturists, Ills.

WHITE SULPHUR SPRINGS, W. Va.
May 10.--J. r. Howard. president Of the
American Farm Bureau Federation, told
the executive council of the American
Bankers Association to-day that bank
ers sometimes are inclined not to con-
slider what Is good for the farmer and
are too busy lending him money.
A farmer as well as anybody else "can
be loaned more money than is good for
HIM" declared Mr.. Howard. TT should
be considered whether the farmer needs
different term of credit TO finance
farm equipment and possibly cheaper
rate OF interest. II has been charged
that banks of one great agricultural
state were holding the farmer up for
3 per cent. while sending funds 20 New
York 10 invest IN corporate securities
at 5 per cent"
The New York herald., 1922-05-11
STOCK PRICE TO YIELD $40.
10000 Daniel Motors Offered by
Brokers Here.

A block OF 10000 shares of Daniels
Motor Company's per cent. preferred
stock, 500 par. is being offered by
Gillespie. Needs & %. at 95 and accrued
dividends. a price yielding s.42 per cent.
With each share of preferred will be
given q warrant for two shares OF COM
mon stock upon the payment of $40 a
share. Tho Junior shares have no par
value.
The purpose OF tho financing IL 10
retire bank loans and provide wording
capital. The plants OF the company
have been increased substantially in the
last year. Including the $1,000. 900 stock
now offered the company has s1,732,475
preferred outstanding and 10000 shares
OF common stock.
The New York herald., 1922-05-11
OFFERS HABIRsHAw PLAN.

The creditors committee Of tho Habir-
shaw Electric Gable Company are con-
sidering the plan Of the stockholders for
reorganization. whioh calls for an as
sessment OF 81 share on the common
stock stock and s25 a share on the pre-
ferred. The stockholders In return
would receive one share of common or
preferred stock for each share turned
in: also the equivalent of the assessed
amount in a second mortgage bond 20
run probably twenty years. The COM
pany, because Of the large abount OF
building construction. has considerable
business on It's books. but at low prices.
The New York herald., 1922-05-11
ADDED TO TRADING LIST.

The New York Stock Exchanges
governors have admitted 10 its trading
list Electric Storage Battery. 7s5.673
shares OF no par common stock; Great
Northern Hallway, s30,000,0n0 OF gem
eral mortgage 5h per cent. bonds ;
Eastman Kodak Company. 2,003, 900
shares of no par common stock; Sub
marine Boat, 1880 additional shares OF
capital stock: American Ship Building,
additional 10000 shares par value CONF
mon stock General American Tank Car.
The New York herald., 1922-05-11
EARNINGS DROP FOR 1919.

The MacAndrews q Forbes Company
for 1921 reports net earnings of $3.50, ,9sS
after charges and Federal taxes, or $500
a share earned on the $7,495.0 900 OF Its
common stock after payment OF It's pre-
ferred dividends. In contrast to s1,941,-
472, or s23.64 n share, in 1920. Accord
ing TO the balance sheet, bills and ac-
counts receivable dropped from S1,12s,-
063 to s4s2.S31 and bills and accounts
payable from S1,240.2s1 TO S507,347.
The New York herald., 1922-05-11
MENepL COMPANY SHORT.

The report OF the Mengei Company
and its subsidiaries for 1921 shows
deficit of s2,161.e5s after interest. de-
probation and inventory losses. Cur
rent assets, including s53s.s7o In cash
S2,248,3S7.
The New York herald., 1922-05-11
FOREIGN MARKETS.

LONDON, May 10--rrading was duet in
the Stock Exchange to-day. Quotations fol-
low
Bar silver. s5,sd. an ounce.
Dar gold, p3s. Sd.
Money. ~ per cont.
Discount rates. Short ond three months
bills. 2hG2N per cent
2h per cent. consols, bsM.
British per cent. war loan, 9px.
British ~ per cent. war loan. 90.
De Beers, 1fM.
Rand mines, 2M.
The New York herald., 1922-05-11
Bankers Trust Company
New York
What One Surrogate

In recent case before Swrogate's Court nvolv-l
Ing the continuance of the New York Lie Insurance
and Trust Company Guardian for certain children,
the Surrogate took occasion to say:
Tin my opinion, tho New York Life Insurance
Trust Company has lived UP to every obligation, legal
ethical moral in its relationship to these children
II is an old established institution well managed,
solvent making speciality of trust business, careful
in the management Of estates. and its officers have
had long and wide experience in trust investments
II this were an application de novo, in view OF tho
situation, rather think the respondent better quail
fed to be appointed than any other person or
institution"
The New York herald., 1922-05-11

IL IL estimated tne shipments IN Aprh
were approximately $4,000 tons. At
that rate, II Is figured that new business
taken during the thirty days totaled
more than 100000 tons. or at the rate
OF about 116 per cent. of capacity.
The New York herald., 1922-05-11
EASTMAN KODAK CHANGE.

TRENTON, May 1o.--Notlco was filed
to-day with the Secretary Of State by
the Eastman Kodak Company changing
every share Of It's dollar par common
stock into ten shares of no par COM
mon stock.
The New York herald., 1922-05-11
pxpORTs FROM NEW youK.

Exports from New York yesterday: Wheat
bushels, 20,0s3; barley, bushels 10000
bacons. lbs. T9o 300; lard, lbs, a.5Je,77i
grease, lbs, acc, 900. feed, lbs., 100000
grass seed. bars. 90 corn. bushsls. 1s7, ,2op
pork. .Ss sbls ~ CO. hams, lbs. 1900; ,slicw
.ssximssi, ssssss, a6c6a on eHiss iSs.~ sin
The New York herald., 1922-05-11
TO SELL CATTLE FUTURES.
Buenos Aires VIII Try Plan for
stabflfxfns Industry.

BUrNos AIRKs, May 10.--Establish-
ment of a futures market for meat and
cattle is one object Of the new produce
exchange to begin operations May 20.
1t Is believed that such market will
bring about better organization I'm the
cattle business, prevent violent oscilia-
tions in prices and improve conditions
generally
The New York herald., 1922-05-11
CUSTOM HOUSE, RECEIPTS.

Receipts for duties at the Custom House
Yesterday were ~ ,O76, ,2es,bO. of which sin5,-
bonded warehouses and esal. f2a.Sb for reasn,
importxtfouas
The New York herald., 1922-05-11

1895 shares OF per cent. cumulative
preferred stock. and Brooklyn Edison,
additional 100000 shares OF par value
capital stock.
The New York herald., 1922-05-11
PENNsYLYANIA ON.

on, CRY, May io.--credit balances. ss.25.
Runs. 32o07: average. 81 020 Shipments
81 1885, acreage, bB,B3f.
The New York herald., 1922-05-11

PARIS. May fo,--Prioes were strong on the
Dourse to-day. Quotations follow.
The New York herald., 1922-05-11
UNITED STATES TREASURY STATEMENT.

o York HrnmD
vs:Snsss s:S ssss G;rss g. ga sS:ss;;ss) Nay ss)
The New York herald., 1922-05-11
MONEY MARKET.
wrpNrspAy. MAY 10.

WEDNESDAY,, MAI ~.
Renewals. .........4 iIsnst.............. az
High............... 4hlYear's high...--.. 9
Low............... Years Iowa..
TIME LOANS.
Mixed collateral. go 20 90 days........ ~
Nixed collateral, a 60 q rnonths... AZ
Industriais, 90 20 90 days. .liteD4h
1ndustriais. 4 10 q months. ..zikD4h
COMMERCIAL PAPER.
T,est names. 4 10 months. ........... az
other names, 20 Q months. ........... ~
DISCOUNT RATE. RESERVE BANK.
Commercial paper, .15 days, ~; 60 TO 90
days 4M Liberty bonds and Victory notes.
i5 days AZ: 10 10 10 days. 4n: bankers
scceptances. 15 90 30 days. ~.
sfixed November 2. Previous rate. g.
fixed September 2i.
OPEN MARKET RATES.
Cali loans and acceptanccs. ........... stkcs
Discount rates on prime bankers accept
ancss eligible for purchase by Federal Re.
serve banks
BID. Ask, Bid. Ask
20 days.. gas sn % days.... sas sK
co days..... 8M 3hli20 days.. 3as 3h
CLEARING HOUSE STATEMENT.
Clearing House exchanges, fI2s, 800, 600;
balances, $50, 900, 600; Federal Reserve credit
balances, sif.500, 900.
SILVER MARKET.
official bar silver IN New York, domestic
0ptc.. unchanged foreign TIC. up Nc.
London, agNd.. up Md.; Mexican dollars,
Range OF silver prices this year;
London. ..... 357sd.. April 10 32kd. Teb. 2a
New York;. T0ihc. May J2gtc.. Feb. 29
-. -
The New York herald., 1922-05-11
New Issue

$5OOOOOO
The Francisco Sugar Company
JRsEYc
First Mortgage TwentyYea 71za6 Sinking Fund Gold Bonds
s:s= @ & Z: ] :::: $ @ : r.: T. $ e. 4 q
$;:s 4; :: q: e.: : :. s:;:: 6 = 4: :5: Il; @
A A than uhu% D
% %a
is s ns: 1s pss l & sss Hrs Sses s s @ part
s IL s s @ IL ] ;s IT, @ s ss
| s sefsa @ out
ss - ss :a s .sss s 5000 ' s s s %
s :s;ssss
% stsas '
's; : 2: ; a % s sasss
fsss. . s s s: @ % e % : de : s
Eas ] it. s] s s s s. d. ten ,
s " ss annual s . 1885, % sss as %su@
@ % Ps IT, s5 ;ss ssss s
] @ s.: :sss: ss r. s;sSs
% ss @ = sass s % @ WI = ssGs
@ % % % = % = % % @ s % ;
wmb.m.d. ~sa4. onshNwY a4ssAEs
evin sucrp phons 70 hhsus TO- at
100 and interest to yield 71za
Bankers Trust Company
The Union Trust Company Harris, Forbes & Company
ahun.~
The New York herald., 1922-05-11
STOCK EXCHANGE TRANSACTIONS
Continued from Preceding Page.

lot recorded separate sales
ics outside Of the reguAc let ranGa.
Evening star., 1922-04-17

is responsible for the larger part of
the broken hearts and unpaid ali
mony.
A woman has no more business to
make a mans love her whole exist
ence" than she has to center all her
try. Individual love is all right as
a motive, a vision, q refreshment.
reward. But as fixed idea it's head
ache. It never has worked-it never
will.
The wives who have been supremely
happy, who have had q. big grip on
their men and life in general, have
lock Of hubby's hair and ringing him
up At the ONCE. They've achieved it
just as a man achieves power and
content-by taking a vital interest
In their jobs.
Home-making is big job job
ability. for self-control, ingenuity.
segment of the world work. and It's
mission is just as big as anything a
man can tackle. It's a blessing to
the nation and an inspiration to the
individual who puts 1t through sue
cessfully. But 1t can't be put through
successfully from the slushy view
point that quotation advocates.
II you're going to bank all your
chances for happiness on the man
and his love, you'll surely come a
cropper, sister. It's right. that you
should, for that's q mighty petty aim
when you consider the largeness Of
the life scheme. But If you will look
work. as q man looks for his, feel
ing. that love Is a secret spring and
delight. then you stand large chance
Of making good.
Evening star., 1922-04-17
LISTEN, WORLD!
BY ELSIE ROBINSON.

Our best classics are to blame for
a great deal of mental malnutrition.
Just because a man has his bust in
Westminster is no reason why you
should believe what he says. AS a
sample Of the sort of Cruel that has
prevented our backbones from hard
ening. let me quote that lovely bunch
OF verbs, nouns and adjectives-
Mans love is of his life a thing
apart,
"'Tis woman's whole existence"
OF all the pondrous pihie. that's the
peak load! It's worse than pifne-
it's poison. Every woman from "the
coloners lady to Judy O'Grady"
knows that quotation and believes 1t
implicitly. I'll bet 1t has been quoted
at every dinner table in America on
the night when Henry wants to go
of for a little time with the boys"
And I'm convinced that that theory
Evening star., 1922-04-17
garment can change them for metal

garment can change them for metal
ones.
The new accessory is the cravat.
When Jenny Of Paris first put this
thing on frock the dressmakers
saw In it new trick to catch the
public eyes and make women happier
by hiding the crude. bare neck line
between the collarless coat and the
low blouse. Now the cravat Is a
part Of the separate blouse. as is
shown in this sketch. 1t is tied in
cream silk fringe to chime in with
the color of the crepe de chine used
for the blouse.
No matter what the neck line. the
modern woman can attach a cravat
to 1t. Ribbon Is quite smart. So Is
material like, or unlike. the blouse
Black satin cravats are worn under
the wide rslling collars OF white
muslin shirt waists.
Evening star., 1922-04-17
10 Keep Lemons for Months.

At this time Of the year lemons are
still fairly reasonable In price. During
the warmer weather. however, the price
usually soars quite high. You can buy
your lemons, now and keep them in good
dry salt in q box. Put the lemons under
thA salt and keep the box IN q cool, dry.
plaoe until you need the lemons.
THE HoUsUWUH
Evening star., 1922-04-17
French Fried Sweet Potatoes.

Prepare and fry them the same as
white potatoes. or they can first be
boiled for half an hour and then
pared. cut and fried. This Is the best
way to cook them. as they are liable
to be little hard il fried when raw.
Arizona republican., 1922-03-27
NOTICE OF ELECTION
SALT RIVER VALLEY WATER
USERS ASSOCIATION

Notice is hereby given. that under
the provisions OF the Articles OF In
corporation and OF the Bylaws OF the
Salt River Valley Water Users As
sociation, and In pursuance thereof.
an election by the qualified electors
of said Association, will be held on
Tuesday. April fourth (4th). 1922.
from 3 o'clock a. m. Of said day 70
o'clock D. m, OF said day at the
various polling places to be hereafter
designated by resolution OF the Board
OF Governors OF said Association, for
the election OF the following officers
Of said Association. that is to say:
President at large for term Of two
years
Vice President at large for term OF
two years.
One member OF the Council in each
of the ten council districts into which
the reservoir district is divided. for
the term OF three years.
One member OF the Board Of Gov
ernors from each OF the said ten
council districts for the term OF one
year.
The said terms OF said several OF.
ficers to begin on the first Monday
in May. 1922.
The President and Vice President,
hen. oers of the council and OF the
Board OF Governors are TO be elected
by the electors of the reservoir dis
trict who are qualified TO vote In the
several council districts.
F. c. HENSHAw,
Secretary Salt River Valley Water
Users Association.
First publication March 1. 1922
Last publication April. 3. 1922.
Arizona republican., 1922-03-27
Legal Advertising
IN THE SUPERIOR COURT OF
MARICOPA COUNTY. STATE OF
ARIZONA

I'm Ik1E OOEEAfNtOIN GOCRA w
MARICOPA COUNTY, STATE OF
ARIZONA.
In the Matter OF the Estate of
Elinor II. Miller, Deceased. Notice
Of Hearing Petition
Notice is hereby given that irwin
de Rivas Miller has filed tn this
Court q certain document purportlhg
to be the last Will and Testament
of Elinor II. Miller. deceased. to-
gether with his petition praying that
said document be admitted to pro-
bate In this Court as the last VIII
and Testament OF said Elinor II.
Miller who. said petitioner alleges.
is deceased, and that letters testa-
mentary issue therein to said petit
toner, and that same will be heard
on Monday. the 27th day OF March,
A. D. 1892. at 1870 o'clock in the
afternoon of said day. at the court
room OF said Court, in the Court
House, in tie City of Phoenix,
County of Maricopa, State of Arizona,
and all persons interested in said
estate are notified then and there to
appear and show cause. II any they
have why the prayer of said petit
tioner should not be granted.
CLAUDE S. BERGMAN,
Clerk.
BY W. II. LINVILLE,
Deputy Clerk.
3-1S to 27
Arizona republican., 1922-03-27
OFFICE OF
OFFICE OF
TUCSON. CORNELIA AND GILA
BEND RAILROAD COMPANY

TUCSON, CORNELIA AND GILA
BEND RAILROAD COMPANY A.
TO THE SHAREHOLDERS:
You are hereby notified that the
annual meeting of the stockholders OF
the Tucson, Cornelia and ella Bend
Railroad Company will be held at the
office Of the company, Warren, Ari-
zona, on Monday, April 10th, 1922, at
2 o'clock y. m. for the purpose OF
electing nine (9l directors to serve
for the ensuing year, or until their
successors are duly elected and quali-
fled. and for the transaction Of such
other business as may properly coma
before said meeting.
JOSEPH r.. CURRY,
Assistant Secretary.
Dated at Warren, Arizona, March
10th, 1922.
Arizona republican., 1922-03-27
SALE OF PART OF THE wILMoT
n "A 10 Z. LIT u A ArCtIr

SALE OF PART OF THE WILMOT
TARGET RANGE,
AN ABANDONED MILITARY RES
ERVATION IN ARIZONA.
Notice is hereby given that pur-
suant to the provisions of Section /
of the Act OF July S, 1884 t23 Stat,
103), part of the Abandoned Military
Reservation known as the Wilmot
Military Target Range. will be Of
fered at public sale at not less than
the appraised price thereof. at the
district land office at Phoenix, Ari-
zona, commencing at ten o'clock
g. m. April 19. 1922.
The lands to be sold are all Of Secs.
10, 30 and 81. T. IA S.. Z. 10 e., G.
and S. r. NJ. all appraised at $500
per acre.
Lot 4. Sec. 81, 1926 acres. has a
Arizona republican., 1922-03-27
EDUCATIONAL
DON'T WORRY ABOUT
EMPLOYMENT IN FUTURE

The Publishers Typesetting School
at Macon, Ga, can Solve the Prob
lem for You. Write for Information.
To be sure of a chance to earn a
living should be your chief consid-
GRAFTON. Without 1t, your life will be
a failure To have trade or pro-
fession is absolutely essential unless
you are to live from hand to mouth,
unless you are to be uncertain at
times whether you can get the ne
cessities for existence
The course of study in the type
setting school at Macon, Ga, is get
ting remarkable results. The di-
ploma IS accepted in the trade as the
equivalent OF an apprenticeship. The
publishers of this paper will gladly
advise with you If you want to go
into the work. Write
TYPESETTING DEPARTMENT,
GEORGIA ALABAMA BUSINESS
COLLEGE,
MACON, GA. b
Arizona republican., 1922-03-27

drilled well 400 feet deep. appraised
at $4,000.
WILLIAM sPRY.
1-4-ml Commissioners.
Arizona republican., 1922-03-27
4O-Eees AND POULTRY
Chicken Ranch

For sale. ~ acres, n. e. Fine To-
cation. S. f. Williams. los Monihon
Bldg tf
Arizona republican., 1922-03-27

-T-NTE 1871 MODEL BUICh &c Z,
RoApsTER; RUN LESS 5SsS ~ TldsS sS 3
1000 MILES; IN FlRST R ,SIpaSs. 1111as51.
CONDITION; FIVE COTp -, ezod NE1s IESS
~ X = &c COST. PHONE S541 OR 2o9l;
Arizona republican., 1922-03-27

MODEL IA Hupmobile. 90: run,
Ming good rubber; model ~ , or
light truck, 1925; ~ n%loqel % fQtu ti, 4uc
tru9Nf n ffacIsson st. Wood yard. 60
Arizona republican., 1922-03-27
5e-RusINEss CHANCES

FOR SALE BEAUTY PARLORS
on main street; price $780, good
terms; long lease: cheap rent. Doing
good business. Address Mrs Miller.
Home Apis, Prescott. Ariz. Phone
a9a d
Arizona republican., 1922-03-27
PAIGE DISTRIBUTORS
536-3S w. Washington st.
Phone 4a47 DIR

20 MITCHELL touring, ~ oahz
,and touring, Dodge roadster ana
curing; Fords, with or without
eterter. from owner to you. Make
snpointment for Moffitt. Pnone
es51 90
Arizona republican., 1922-03-27
A NEW SERVICE FOR
REPUBLICAN READERS

BUSINESS DIRECTORY ARIZONA REPUBLICAN Is pub
shs daily to help readers find reliable concern: in every line Of business
can't find the profession that fill IT, Make reference
Republicans Columns Directory
listed adjoining
Ad
There | 3 charge this Use II freely.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-10-27

SMothsr, quiek. look
schat Billy has gone
and spilIed--a sDhols
big box OF Kslloggs
Corn Flakes. Pu say
he likes them O let!"