davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-09-23
I'm Wall Street
The Resistance Point

1t was evident by 2 o'clock yesterday
that the earlier wave Of selling which
had carried many active stocks to new
low on the current decline had spent its
force. The ticker began to slow up
and traders, quick to sense the change
from the previous activity, began to
buy stocks all around the floor of the
exchange. United States Steel, com
mon, which had sold down to 1929,
rallied at the close to 1o3%. The de-
cline, which lasted until after the noon
hour, was undoubtedly accelerated by
the indiscrminate throwing over Of
stocks by holders who were eithcr ur-
willing or unable to meet the maggin
calls that went out Thursday night
from brokerage Offices all over the
Street
New-York tribune., 1922-09-23
Crucible steeps Financing Plans

Resumption of dividend payments on
the common stock of the Crucible Steel
Company will be hastened as result
Of the new financing operation involving
the sale of an additional $4,000 shares
at par, according to information given
stockholders by Horace s. Wilkinson,
chairman, at a meeting In Syracuse
Wednesday. The Tribune's Syracuse
correspondent sends the following:
"Mr. Wilkinson has strong following
among men Of means who have profited
by working with him in the past and it
is understood that forty Of these men
have agreed to take all Of the $4,000
shares or any part thereof for which
subscriptions are not received from
stockholders. But the underwriters
will not have to take the entire issue
because subscriptions are already com
ing in from many shareholders, Mr..
Wilkinson said. He declared that
Crucible Steel Is now showing profits
and production is increasing at the
various plants"
New-York tribune., 1922-09-23
Stock Prices
Recover After
Early Decline
Selling Pressure Induced
by Foreign Situation and
Higher Call Money Rate;
Sterling Exchange Breaks

Spectators raided the market early
Yesterday on the basis of the reports
from the Near East to the effect that
the Turks were invading the zone Of
the Straits, but before the close &
covering movement effectively Offset
the earlier losses. The selling was in
tensihed by 5 per cent call money
renewal rate, the highest in many
weeks, which was attributable to tenn
porary extra demands on the hanks, re-
sulting from the rush on Thursday TO
get imported merchandise cut Of bonds
before the new tariff became effective
and by the passing Of income checks
through the banks.
The character Of the foreign news
resulted In weakness in sterling ex-
change, which declined a full cent to
s441%. Continental exchanges, how
ever, fuctuated within narrower
boundaries, and net changes were ir-
regular. Cotton closed to 10 points
higher as a result of cove ring, and
wheat quotations, after attaining the
highest level in about seven weeks,
reacted some on profit taking, and
closed unsettled with gains varying
from III to 2A cents bushel
One explanation Of the selling Of Sc
eurities Is the fact that banks to take
care Of the growing seasonal needs for
credit, instead Of borrowing at the
Federal Reserve Banks, have been Of
fering securities previously accumu-
lated for sale. This development was
to be expected, and in no way indicates
fundamental change In the situation.
Expanding business will be reflected in
increased borrowing at the banks.
The covering movement in the stock
market in the last hour was in the
nature of profit taking by the bears,
who apparently had little desire to
remain short for relatively extended
period in the present market. Indica-
tions that the earlier foreign news
had been exaggerated created desire
TO close out commitments.
Average prices Of both railroad and
industrial shares at the close were
slightly higher than on Thursday.
New-York tribune., 1922-09-23
Manila Rail Bonds

Question: should greatly appreciate
an expression OF your opinion regarding
Manila Railroad Southern Lines first mort
gage per cent bonds, due 1899, which
have been recommended TO me. under
stand that the interest on these bonds Is
guaranteed by the Philippine government,
and is In addition being earned by salts
factory margin. understand that the
principal is secured by absolute FIRST
mortgage on government owned property.
Yet current quotations on tho bonds indi-
cate n yield of over 7 IA per cent. should
DO glad TO know whether this bond may
be considered reasonably well secured, ~
compared with domestic issues soling on a
similar basis.--A. G.
Answer--Your information on Manila
Railroad Company is correct. The sale
of the company to the Philippine gov
ernment was ratified on September s,
1916. Net income does not reveal the
actual earning power of the road, as
such profits as have accrued have gone
toward wiping out the deficit which
came,>over the property and in max
ing general repairs and Improvements.
A reported deficit of about $4,000 for
1920 was followed by II surplus for
1921 Of about $780, 900. The position
of the bonds of the Manila Railroad
Company compares favorably with
those Of most foreign railroads, and
the bonds Of this company are entitled
to a fair investment rating.
New-York tribune., 1922-09-23
What's Behind
Active Stocks !?
isher Bodv

lhree companies manufacturing
automobile bodies, one of them the
iong-established Fisher Body Com
pany, We're combined in 1915 TO
form what is now the Fisher Bodv
corporation. Since 1920 control of
fiVe accessory companies has been
acquired. In 1919 the General Mo-
tors, Corporation acquired control Of
Fisher Body through the purchase
OF 100000 of the 100000 shares Of
no-par-value common stock The
corporation has outstanding ahead
OF the common stock $3,470,80O Of 7
per cent cumulative preferred stocL
on which dividends have been mid
regularly since incorporation. and q
funded debt of $3.50, 900 made un
OF the obligations of subsidiary
companies. AS of April 80. 1922. tho
and, buildings, machinery and pat
'erns or the corporation and it's sub
salaries were carried at $21 ,6O1 900.
Net tangible assets applicable to the
common stock on that date amount
ed to S33,541 900, or $6709 a share,
not including the items of good
VIII and patents. The cash item
stood at $7,254,000 and current as
sets exceeded current liabilities by
$i8,692 ,00o. There was surplus
of $e,7e5,00o. Earnings in the three
years ended April 80, 1922, aver
aged S9.67 per share a year on
100000 shares and in the previous
three years averaged $9.55 q share
on 100000 shares. The directors
put the common stock on a s10-a-
year basis on February 9, 1920. and
that rate has remained undisturhed,
Range of common stock since 1917.
High, 173, in 1919; low, 25, in 1917;
last sale, 120A.
New-York tribune., 1922-09-23
p. Loriliard Outlook

Question-WilI you be good enough.
onIouSh the medium OF your investors
Soiumns' to give me your opinion of the
pany as an investment for a business man
nave been advised To purchase this Sc
curlty ana informed that Its stockholders
s5ana soa,n TO benefit considerably through the
company's control of the Schultz Retail
stores Corporation. the stock of which has
advanced from 35 to &c in the pest Saw
Gays Do you consider the present dnan
s,' I'M cohaition OF the Lorillard Company
sucn az to Justify expectations of an ex-
IRA declaration in stock in the near I'm
cure have been advised that this is
also also IN prospect. / would also appreciate
ing and Smelling preferred as a hnstnan
mans investment. Does it's nns;tinn 80
your opinion. justify hope for an incressad
u,o.ueha inn@ no or something being done before
oacK dividends, amounting 10 approxi
mateiy l7ia per cent?---D. A. II.
Answer-In classifying P. Loriliard
common stock as reasonably good
investment security for business
man we cannot attempt to discuss the
speculative features of possible extra
aividends or increased dividend rates.
Such possibilities form the ordinary
rlsks which g business man is sun-
Rosed to assume. Federal Mining and
omeiting preferred cannot be re-
garoed as q high grade investment. al.
gnmough IT offers speculative possih;lit;es
Ihe outlook for the company annears tn
nave improved, but the present nrics
would seem to indicate that the bros
pect OF increased dividends or nav.
ment OF arrearage is not bright. to saw
the least. " say
New-York tribune., 1922-09-23
Long Term Investment

Question: wish TO mako a iongsterm
investment of about 81 900 10 pay 6 per
cent II possible Security of principsi and
interest are NJ prime i'm port ance but ready
inarketability not noceSsary. +, n.
Answer-We suggest for your $4,000
ten shares Of New York Telephone eh
per cent preferred stock, selling re-
Gently around 10; 81 900 Canadian
Northern rs, 1910, yielding about 80
per cent. and 81 900 st. Louis-San Fran
cisco prior lien 5s, 1851, yielding about
So per cent.
New-York tribune., 1922-09-23
stock quotations were:
". Y. Metal Market

Tin was quiet. with Straits quotes
at 52,S7h0S2.T5e; Straits shipments,
S2-S7 1s @lS2.75c; standard, S2.37isc, ana
W per cent, 3175032. SOC. Copper
quiet: standard spot, Sept. and octs
ia,o'Zo0lS.621sc, and electrolytic spess,
sept. and Octs ls62h@l4c. Lese
nsm; New York spot, 6.2oc bid, ano
East st. Louis, Sc. Zine firm; Nee
.orS & spot, 7.foc, and East Sc. Lsss
New-York tribune., 1922-09-23
General Motors Stockholders

At the end Of August common stock
holders Of the General Motors Cor
poration Numbered 4S,554. There were
41,144 owning .one hundred shares or
less, while only 7,410 owned more than
one hundred shares. Those owning
from one to ten shares formed much
the largest proportion of the total,
numb bering l4,774, compared with 1880,
the next highest, which included share
holders owning from eleven to twenty
Sharas
New-York tribune., 1922-09-23
Investment
Information

Questions Of general fntevest to in-
vestors WiH be ans1oevsd in shts COLI
ANN, In whieh case only inttinis sciU
be used. Others wiu 5e ansWeysd bs
mail. address oil inquiries. iaotos-
ing a stamped. addyessed envelope. TO
Financial Editor. The Tribune, fs4
Nassau Street, Neso York City.
New-York tribune., 1922-09-23
The Dollar in Foreign EXCHANGE

Indications that Great Britain would
take firm stand in opposition to the
Turks in the Near East disturbance
led to increased offerings Of sterling,
and cable rate on London fell cent
TO s4.414s, while French francs re-
covered part of recent losses.
Continentals on the whole, however,
presented an irregular trend, with
changes small. Norwegian crowns
worked slightly higher, but other
Scandinavian rates sagged.
New-York tribune., 1922-09-23
Money and Credit

Call money renewed at per cent,
but did not get up to tho per cent
rate that prevailed at the close on
Thursday. The high point was 51a per
cent. The effect of the stiffening of
the call rate has been to once more at
tract funds here from the interior.
With the operation incident to the pay
ment Of the September Is tax payment
now practically completed an easier
tone to the money market is expected
v,ooL
New-York tribune., 1922-09-23

Bank Clearings-Bank clearings at
New York yesterday were: Exchanges,
$3.50 100000; balances. 67,o0o,o00.
Silver-London, 85Ad; New York,
domestic bar, 99Ac; foreign, s9asc;
Mexican dollars, 53c.
New-York tribune., 1922-09-23
London Market Irrea,,lar

LONDON, Sept. %. Prices moved II
regularly on the Stock Exchange e
day. Bar gold was quoted at SIS zd; :
money was loaned at ia per cent. pis-
count rates were: Short bills, 2as per
cent; three-month bills, 25s az us PEI
cent.
Consols for money were quoted q
oo&, british 8 per cent loan st ss@
and British d u per cent loan at 96ss.
tsIA2lnp
New-York tribune., 1922-09-23
Paris Market IrreguIar

PARIS, Sept. %. -- Prices moved
lrregularly on the Bourse to-day.
Three per cent rentes, So francs y
centimes; exchange on London, .
francs Is centimes; per cent loan, :.
francs 80 centimes. The dollar wss
quoted at Is francs 1S1a confines.
New-York tribune., 1922-09-23
Strong Investment List

Ouestion-Some tiino ago through an In
fhoritance | came into posscssion Of thirty
Minneapolis & ST. Louis Railroad refund
ing and extension 5 per cent bonds, 1862
w nile am aware that che bonds are
highly speculative I hesitate to cell them
at present price without first obtaining
advice from some reliable and impartial
source. Hence this appeal 10 you. For
your further formation will say that !
am dependent on !ucc me trom invest ments
and will append list of other investment
most Of which | bought some time ago at
materially lower prices. Any advice you
can give me to what disposition TO
make of the bonds mentioned or any tn
formal ion as to the outlook for the Mime
apolis g. st. Louis Railroad will be greatly
appreciated. List OF Investments. stocks
90 shares American Locomotive per cent
preferred. 100 shares American Telephone
peka g. Santa Pc preferred. SO shares Colo
rado Southern frst preferred. so shares
shares Union Pacific common; Is shares
United States Steel per cent preferred:
100 shares New York Telephone 6i4 per
cent preferred. Bends, $4,000 American
Smelling and Refining per cent. 1e47,
1000 American Telephone and Teiegra phi
collateral trust per cent. 1895. $1,000
Bush Terminal Building 8 per cent. 1850;
$4,000 Duquesne Light per cent. 1919: ST.
oSS coo Great Great Northern general 5Hs 1872 g.
Kansas City Southern refunding So. 1850;
$4,000 Kings County Electric Light and
Power 6 per cent. 1897: $4,000 Mississippi
York Central refunding So. 2013. 81 900
New York Edison shs 1871: $1,000 Pa
cihc Gas and Electric SIS. 1912: 81 oQG
Pehrsylvania Railro ad general 5s, 1868
$1,000 State OF Queensland SIS. 1917; 81, 900
United States Rubber 5s. 1s47; $4,000
Western Union siss. 1888. Liberty bonds
various issues. s750.-H. S.
Answer - With the exception of the
Minneapolis & st. Louis bonds your
investments are particularly sound and
desirable and as these bonds represent
only about one-seventh of your capital
we think your position is one where
you are the best judge as to whether
you can afford to undertake a specula-
tion of this sort. There has been con-
siderable Improvement in the earnings
of this company for the first six months
Of 1922. Net earnings after taxes re-
suited in deficit of $5S4,527 for this
period in 1921, while a surplus of $751;
595 is reported for 1922 These bonds
constitute a first lien upon ESQ miles
of the consolidated lines of the com
pany. They are junior in lien. upon
the balance of the road, and subject to
large amount of prior liens. The
total equipment trust obligations due
in the next two years is S7Sl,125 and
as the surplus of the company is not
entirely depleted continuance OF re-
covery in the earnings of the road
should warrant fair rating for your
bonds.
New-York tribune., 1922-09-23
No Change in Rnnd

Queotion--Takins ADVANTAGE Of your
suggestion Sras Of April %. considerinT san
sFeculative bond. purchased eoinC or
these at 70ia at that time AS they are
now selling at ~. 1 would appreciates your
aovfce as TO disposing OF them now at
this price or holding theSn beyond Octo-
ner when they Will pa$ thoir 6 points
ishterest: which Undoubtedly viii be re-
nected in the price.-W. ], Il.
Answer-As a speculative bond we
regard St. Louis-San Francisco income
os as attractive at present as on Aoril
%. If YOUR financial position is such
that. an investment of this class is s,rit.
able. we see no reason for disposiny
of this bond
New-York tribune., 1922-09-23

Four full columns OF in.
oessnaeEss questions and arr.
81, steers soili be published In
Inc Tribune euery Sunday
ana Monday. On Other days
os'e full colursn s0ill appear.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1922-05-10
Benches Planned For

The newly organized Mems Booster
Club, the County Commissioners and
several private citizens are consider
ing the placing Of benches in various
places about Redwood Falls, these
benches to provide resting places for
tourists and other visitors who may
be in the city for a short time. At
present there is dearth of such fac
ilities for resting and several progress
sive citizens are seriously considering
the placing of substantial wooden or
iron seats. The courthouse lawn Of
fers a most convenient and attrac-
tive spot for such seats and Commits
sioner Aune will endeavor to have the
County Board provide few of them.
The members of the Church of Christ
are considering placing several in the
vicinity of their property. The Boost
ers Club has under advisement the
placing of benches in one or two de-
sirable spots where they will be con-
venient. Where it is possible for
either individuals or organizations to
Mace such benches it will be real
benefit to the city if the matter is
given immediate attention. Redwood
Falls has always made a claim Of be-
ing very hospitable city; these seats
will most certainly help to exemplify
this claim.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1922-05-10
Farm Wages Goes
Up to $35.b
DEMAND FOR HELP is NORMAL
IN MOST COUNTIES, FARM BU- u
i REAU LABOR SURVEY SHOWS.

4 The county Farm Bureau Offices
have received from the state Farm
Bureau federation the results Of the
monthly farm labor survey conducted
yb the state organization. 1t shows
the demand for farm help is normal
in the majority of counties, and that
farm wages have risen during the
last thirty days. The average wage
now being paid, the reports from
county Farm Bureaus show, is $1.58
day for general work, or $35.75 a
month for laborers agreeing to stay
on the job for eight months. A month
ago, the Farm Bureau survey showed
the daily wage averaged $1.37, and
the monthly wage $34.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1922-05-10
Bread Club Week

The week of May Is is Bread Club
Week in Redwood County and series
of demonstrations will be given under
the direction of Fern Kennedy, super
intendent of the school of Redwood
County. Assisting Miss Kennedy is
Mrs. Baker Of the State Boys and
Girls Club Department, who is judg-
ing all competing students to deter
mine who will win free trips to the
state fair. Cake and sewing club
teams will also demonstrate. Mon
day Morgan and Redwood Falls will
demonstrate at Redwood Falls, Tues
day, the Belview team will demon
strate, Wednesday the Milroy team
and Friday and Saturday will be spent
in similar work at Lamberton.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1922-05-10

vent undo moisture Of shade and ais0'
to permit 4 good growth. The trees
are ready for planting and e. A.
.Lauterbach and Andy Ruder who nave
the matter in charge have declued
upon Friday afternoon Of this week
as q suitable time for this WoIh.
They desire the volunteer assistance
Of fifteen men and also the loan oI
two trucks. Those willing to help are
asked to notify either one Of the TWO
men mentioned. It is important that
ali the trees be planted very soon N
order that they may makeeysa raooa
growth this year. vVs'1ss1 u q
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1922-05-10
Endorsements Made

Several candidates were endorsed
for office at meeting of Nom Partisan
League members of Brown and Red
wood Countids, this meeting being
held at Springfield last Saturday.
Representative Spilbrink, the present
representative from Brown County
was endorsed for reelection, Senator
Romberg was endorsed as senator OF
the two counties, VIM. Van Horn OF.
Walnut Grove was endorsed as repre-
sentative for Redwood County and
Mike Kramer of Sheridan township
as representative-at-l large for the two
counties. Both Mr.. Kramer and Mr.
Van Horn have filed for the offlce s
for which they were respectively en-
dorsed.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1922-05-10
Supt. Hargis
Approves Picture

The picture entitled The -Four
Seasons" was reviewed by number
of teachers and myself last week and
we found it one which deserves special
consideration by those who stand for
good entertainment. 1t is thoroughly
wholesome and is suitable for boys
and girls Of all ages. It is interesting,
instructive and pleasant with nothing
in it that is Objectionable. It is large
ly educational and kind of picture,
in its line that must be used if the
movies are to be of lasting educational
value to young as well as old. We
recommend it without reservations.
Signed
S. E. Hargis,
Superintendent Of Schools
of Redwood Falls.
This picture will be shown at the
New Dream, matinee and evening,
Thursday, May II. Matinee at 4:15-
two evening shows.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1922-05-10
/ Foreign Advertising Representatiye
| THE. AMERICAN PRESS ASSOCIATION
X X X X X X i X X * X
+ City and County

49,
Sheriff L. J. Kise transacted bust:
ness at Revere, Friday.
C. F. Gales returned Thursday
from a business trip to Chicago.
Miss Veva Halverson visited over
the weekend with friends in the Twin
Cities.
Miss jeanette Barber entertained
the Sewing Club at her home, Monday
evening.
Mr.. and Mrs. w. G. Weldon drove
to Wabasso Sunday and spent the :day
with relatives.
Joe Ruddy Of Charleston township
was a business visitor in Redwood
Falls, Saturday.
Rev. and Mrs. w. C. Nickels and
family are guests of relatives in Man.
kato this week.
Mrs. Ella MARITIME returned Friday
from a visit Of several days with fri
ends at Mankato.
Erwin Seifert of Minneapolis was a
visitor at the home Of his parents
over the weekend.
Mrs. G. P. Smith and children Of
st. Paul were weekend visitors at the
home of Mr.. and Mrs. H. Jensen.
Mr.. and Mrs. A. J. Weldon accom-
panied by Misses Molten and Goudy
were shoppers in Redwood Falls, Sat-
urday.
The New Avon Ladies Aid will have
a Baked Food sale, Saturday after
noon, May Is at Jaehning Bros.
Store.
Mrs. H. M. Aune returned last We'd
nesday from a short visit with her
daughter, Miss Irene Aune in Mime
apolis.
Mrs. Lane Trotter and son of Daw-
son arrived last week for a visit with
Mrs. %Trotter's mother, Mrs, Mclean
who is i'll.
Miss Eva White, who. teaches at
Montevideo, was a weekend guest at
the home of her parents, Mr.. and Mrs.
A. j. White.
Vegetables for your garden and
flower plants for your window boxes
and flower beds at Lauterbach Bros.
now. Call and see them. 4371t.
Westminster Guild will be enter
tanned by Mrs. Elmer Gilbertson and
Mrs. Jack Henze at the Gilbertson
home Tuesday evening, May Is. GA
Leo. Barrett returned Friday from
Minneapolis where he was called on
account Of the death Of his father
Mrs. Barrett, who accompanied him.
remained in Minneapolis for longer
visit.
Mrs. John O'Meara, Mrs. Joe Laut-
erbach, Mrs. C. A. Lauterbach, Miss
Ruth Welch and John Larson drove to
Minneapolis, Saturday. They return
ed Sunday.
Don't Forget the big dance at Fair
fax, MINI. May Is, 1922. Music by
Gerlach's Orchestra of Mankato. 43-1t
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1922-05-10
Commissioners File

There have been two filings IN the
Second Commissioners district ana
John Amends, the present commls-
sioner has not yet filed although ne
has informally announced that ne VIII
again be a candidate. The other two
candidates are G.. w. Hamlon OF
Charlestown Township and VIM
Vollner. of Lamberton Township.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1922-05-10
Volunteers Wanted

The Commercial Club is in receipt
of hundred, fifty black walnut trees
which are to set out along the road
way west of the city. These trees are
to be set fifty feet apart on opposite
sides of the roadway, this assuring
sufficient space between them to pre-
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1922-05-10
MATCHING EGGS 81
Barred Rocks Thompson Bradley
Strain.

Bred for eggs and good looks.
Matching eggs from choice mating
pens No. /, No. 2 and No. 8. Also
from focks of heavy winter pro-
ducers. Flock No. / Yearling hens.
Flock No. 2 Pullets. Take q look
at our birds and you will be con-
WINGED of their quality. Satisfac-
ton guaranteed. Also Kansas black
cap raspberries cents apiece.
Strawberries / cent apiece.
>Baled hay for sale.
MRS. e. E. MOSIER
Phone 2337
Redwood Falls, MINI.