The evening world. Newspaper, December 12, 1922, Page 26

ECEMBER 12, 1922 ; STOCK QUOTATI THE EVENING WORLD, TUESDAY, D |[Mme. Meluis Starts New $200,000 Suit PLAINS {POUND STERLING Ons JURY QUICK TO FINE nd Husband... 1000 Ajax Rub 600 Am Metal 2800 Allied Chem 100 Pere Star pt ie. 200 Pierce Oil pr. al. 300 Pitte & Ww 400 Pond Creek 1100 red & Retin... £00 Pub § of N 2. Outlines to Farm Bureau Basis} Depreciation Now Is Only 5 of Organization to Handle Loans of Three Classes. Per Cent. Below Its Gold Parity. 400 Am Steel Fary 4900 Am Bumatra .... 100 Am Sumatra pf 300 Am Tel & Tel .. Dec, 12.—Bernard M. Paruch, former President of the War Industries Board, yesterday outlined a system for placing the farmer on a par with other producers in the matter /rurther notable rise in the value of the English pound sterling. Before the noon hour demand ster- was quoted at $4.62, a rise of compared with quotation of last night ure to-day is the highest since June, It represents a recovery of $1.45 to the pound from the low fig- the adjustment The stock market to-day was so professional that price movements, RLaeetr.. .L & Sweet ... 200 Am Tob B overshadowed importance by of obtaining credit. He told the annual convention of the American Farm Bureau Federa- tion improper credit facilities are at the root of the farmers’ troubles and & Federal scheme for enabling them to get their loans on the world credit market instead of a restricted local market must be the first step toward agricultural revival. Co-operative marketing, to the transportation problem and widening the farmer's market by as- sisting Europe to recover economically ‘were also stressed. Mr. Baruch pointéd out how other Industries, through organifation, have] opinion that sterling exchange would have a sharp break to-day, because 100 Atl,O Line . MO ALG AW, 100 Atlas Tack ... 4900 Bald Loco ... 1700 Balt & Ohio .. 100 B&O pt. The top fig- ure recorded period following the war. parity of English exchange is ap- proximately $4.86, so that at to-day’ top figure the depreciation is only about 24 cénts, or 6 per cent Before the opening of the market bankers seemed 100 Beth Bteet 3000 Beth Steel B. 100 Beth Steel n. : 1400 Brooklyn Edson. 1400 Brooklyn R T..... 000 Brooklyn RT cte 100 Brown Shoo pf... 200 Burns Bros A. 1800 Burns Bros B. 5800 Butte C & Z. 600 Butte Sup 100 Bangor pt .. 300 Caddo O11 =. 1900 Stromberg. 9000 Studebaker . LLA MELIUS . 600 Tex Guit Sulp 800 Texas C & Oll . 000 Timken Co . 200 Tob Prod 1200 Tob A’! 600 Trana-Cont 600 Union Olt 1800 Union Pac 800 Union Pac pt. 1400 United Fruit 4009 United Retail 4900 U B Ind Al gained an advantage over ngricul- ture. He declared the exchange value|™uch of of farm products in terms of other of agreement among Allied Premiers on the repara- commodities has declined 36 cents of! tions question at the London confer- the dollar since 1918, and even then] ence just closed. the difference was disproportionate. The speaker pictured the millions} continues its rise. of aores of farm land that are being} Pused. run at a loss and the too burdensome debts that are being incurred to keep To remedy this Mr. to prospects 500 Callahan M 2800 Can Pacific 400 Cent Leather 100 Cent Leather p} 500 © RR of N J. 9600 Cerro De Pasco... G00 Chan Motors The conference has ended in apparent failure, yet sterling 300 Utah Cop #00 Van Steel Bankers are non- Tt ts doubtful English exchange had a direct reflec- tion in the movements of stock prices Business was comparatively dull, but ar industrials and rails alike were able ‘A new tinance\system should bélig show gains extending from set up to increase the volume of three classes of rural credits; (1) Credit for the more orderly marketing of crops. (2) Credit for the purpose of raising linterest which hax been of oxcecdingly and marketing cattle. productive purposes: “The basis of increased credits for the more orderly marketing of crops should be the placing of the products in a modern warehouse or elevator where a neutral authority would reg- the strength F.-BROLD F MeCORMICK @ MisMKin, GIRLS ARE SOUGHT AS AIDS 10 GUNMEN IN IRISH SHOOTING New Senate Meets in-Dublin With 45 Out of 60 Members Present. them going. Baruch recommended: 200 Chi Pneu Tool 1000 C M& 8 P 3700 CM & St P pt. 22000 RI & Pac ..... 100 C RI & Pac 6s pt 200 West ‘Air 800 Went Mfg 1200 White Ol tions to more than two points. The upward movement largely rep- resented a retirement of \ Singer Also Includes Manager in Action for Damages Over Contract. PORBIGN EX Sterling demand cables, 4.61 1 (8) Credit £0F} commodious proportions, stance it has all along been predicted 100 Coca-Cola LD f M°CORMIC! Ln Prawoee & UNPERW OBE. GAS AND ELECTRIC. 10 FIGHT AGAINST GONTROL BY CITY Companies Will Oppose Leg- islation Giving Regulation of Utilities to Hylan. 800 Col Graph 700 Comp T&R. fessional market sources that tors of the Great Northern Railway would be forced to reduced dividends ister their grade and amount, ana|from a 7 to a5 per cent. basis at the where a certificate would be issued |™ecting for the amount so stored or ware- cables, .0718, up .0005 -2; cables, .0508, up .00000 1 Belgian francs, Lire, demand, transferred her Ganna Walska Me- Cormick from the Federal to the State Thfough her attorney, Sam- Hershenstein, erk’s office suit for $200,000 damages against Gunna Walska, to be held in St Also, there have been rumors concer ing the credit of the St. FP it was intimated ficlal sources that the current rate of dividends on Great Northern will be ame way as is now done; or to a new| Maintained, while definite knowledye finance corporation which should oe} Was obtained t : created for the putpose of lending |{ake care of its Jon money to the farmer at the low obtainable rate of interes! exceeding one year, upon his note so- cured by this certificate representing |tinentals guins {rom one to two points and low priced non-diyidend payers “The new institution, intended to be} showed proportionate advances independent of the present banking system, would place the farmer's note, |fected for a brief tlme by,announc secured by his produets, tn its treas- ury and issue its own Obligations, as}son and Hasex companies, but these js now done by the Federal Landjlater joined in the forward movement ‘The paper so is- Jin other parts of the market 1 ets., off 0002. Greek drachmas, “The farmer could take this cortifi- cate to the present banking system and obtain credit upon if in much the Cub Cane Sug cables, .3990. Pesetas, demand, .1557; Cub Cane Sug pf. cables, .1559, up .0001. nen, demand, Swedish kro- 2688; cables, .2692, off aul will easily ‘ormick of the International Har- and Jules Daiber, Meluis's former manager, now Walska’s manager. which was filed in che Wederal Court here Sept. 7, im- ately after Mme. Meluis returned dan injunction re- ng Mme. Walska from singing ere Under Dalber’y management —as It was withdrawn when it was rumored it had been settled for $150,- 1890, off .0002. 68; cables, .2072, up .0002 LIBERTY BONDS. opened 98.50, 98.50, off .02 Denmark, de- t |auirements. Great Northern at one time showed a gain of three points, other transcon- Endicott-J_ pt marketable commodities, Motor stocks were unfavorably State Parliament lias | called, 100; Tr. 41 by the swearing Only forty-five of the for the ceremony on the P Chamber of Leinster Hou the absentees are sald to about taking the oath. Labor members had to protest the recent executior ment of price reductions by the Hud as damages fight of the Opened steady. Tob. P. Exp., 51-8, 1 oceur over bills N. Y., 471-8, off 1-8; O. Ind, 117; Glen legislative session w to carry out Goy.-elect Smith's pledge to put into the hands of the Hylan Administration power to regulate all public utilities in the city, except the telephone and telegraph. Abolition of Int. P., 211-8; Banks in their field. sued should be discountable in the Federal Reserve System when having not more than nine months to matur- ——— os LEANER DANCING NOW PLANNED BY LOGAL MANAGERS New York Ballroom Associa- tion Formed to Act on 148-8, up 1-8 . Com., 168; Jones & L 108 1-4; Mesabl, 1 a WISDOM FOR WIV (Prom the Boston Tranacrip’ A wise old m with a young couple he had joined In , used to slip a card into the bride's hand on which was printed this EI band of conspiging with Paper issued by the Federal regu- lated institution of this kind would heve the widest kind of a market and would place the farmer who deserves in a position where he could obtain it at the lowest rates of inter- in the credit markets of the rv contract with Mme, Meluis, Daiber did not deny the con- its autocratic} changed by Repu night when Deputy before parting powers to the Hylan Board of Est mate will not arouse half the resist- ance the gas and electric light com- panies plan against regulation from City Hall tnstead of Albany. most astute lobbyists will storm Capt- tol Hill the day legislative wheels be- sements a year at $1,000 first year, $1,250 the second +850 the third year. Meluis had publicly announced 20 that she was no longer under yement and he then consid- contract with her ended. Again the public “The basis of the issuance to cattle ‘ould be, of course, the cattle, which would have to be spected, with réstriction# that would be applicable in the circumstances. Debentures for this purpose should run for as long as three year osly notes or debentures having nine months or less before maturity should he discountable in the Federal Reserve After you marry him study him. he is honest humor him. generous appreciate him. ‘Yyhen ho is him. When he If he {s slothful spur If he {8 noble praise hi ‘x confidential encourage him, secretive trust If he favors society accom- When he does you a favor When he deserves it kiss Let him think how well you un- derstand him, but never let him know that you manage hin.” sworn in, and Dr, Sigerson, an octo- genarian and a leading Dublin citizen, descendant of the Vikin some ignore him. gin to move Anticipating home rule from the Governor-elect, Mayor Hylan, Comptroller Craig and ihe other members of the Board of Estimate are planning to force dub- stantial reductions in the price of gas to consumers as soon irope in January and sing here ement, despite an id to the cop- Inter M Mar pf Tater M Mar pt . Inter Nickel pf . Chairman, The Senate then adjourned hear the royal addre: A permanent Senate AFTER NEW PLAYS FOR HARVARD TEAM in the matter of credit for produc- here we do not have collateral of unquestioned value and A dozen dance hall proprietors met yesterday in a stay or ae P . Jewel Tea pt . BaD) ASU ESSN hamber session at] | 4 otectricity most freely FOR GOV, RUSSELL IN PROMISE CAS Takes 28 Minutes to Degide for Mississippi Executive Accused by Girl. OXFORD, Miss., Dec. 12.—After being out twenty-elght minutes and taking one ballot, the jury hearing Miss Frances C. Birkhead’s $100,000 suit against Gov. Lee M. Russell for alleged seduction and breach of Promise filed into the court room last evening and the foreman announced: “We find for the defendant." Only Judge B. R. Holmes and a few newspapermen were present. T. H. Campbell sr., attorney for the Gov- ernor’s former stenographer, an- nounced at once there would be mo appeal. . . Mi Birkhead at her hotel was notified of the result. She appeared calm and even more cheerful than during the trial, but would make no statement. She left for New Orleans last evening. Gov. Russell and his wife are remaining here a few days. The Governor has issued a etate- ment expressing gratitude to court and jury and hoping the verdict would be accepted as final. Former Gov. Bilho, for whose testi- mony for the plaintiff the case had been postponed from Saturday, failed aguin to appear, re, MEETINGS. ~ 2 STOCKHOLDERS or | THE EQUITABLE TRUST COMPANT UF NEW YORK: Notice ts hereby given that @ Special Meet- ing of The Equitable Trust Company of Ne York 1s, by authority and direction of the Board of Trustves of the sald Company. hereby called to be held at the principal otfice of the eald Comp at No. 37 Btreet, in the Borough of Manhattan In the City of New York, on the 2uth day of De- cember, 1922, at 2:00 o'clock In the after hoon. The object of the (a) To authorize the Increase of the capi- tal ‘stock ‘ot the Company. trom $12,000,060 consisting of 120,000 shares of the per value Of $100. each, to $20,000,000. conslating of 200,000 shares of the par value of §100. each betni "eae of $8,000,000. consisting of 80,00 of the par value of $100. () uthorize the offering of a ef such new stock (conslat shares of the par value of $10 subscription at’ the ‘of $100, ‘for share thereof, to the stockholders. of the Company of record on tts books at the clos Of business on the 20th day of December 1822, In the proportion of one-third of share for each share of stock then #0 owned. and held by each of sald stockholders shown by said books, euch subscriptions te be made on or before the 0th day uf De- cember, 192%, and under such regulations and provisions as shall be determined by tha Executive Committee; notice of the time and manner of making such subscriptions to be Hiven by the Secretary of the Company stockholder of record on the i of Decembe Gres 1922, by mailing a co; h stockholder at hi Af orem at les cans, vs jon of the per turin, cription can be made; and to authorize the sale by or under the direc- tlon of the Executive ‘Committee of atl shares of such Increased stock not so taken and paid for to such persona, tn such mi ner, at such times and at such prices said Executive Commuttee shall datermine: such prices, however, to be not less than $100. per sh (FO authorize the tesuance of 4.000, . par value of such new stock (conalatin of “48,050 hares of the par value of 100, tach) as @ stock dividend, payabl 30th day of December, 1922, or thereafter delivery can be made, to the stockholders of the Company of. -rord on Ite bool at the close of business on tf 20th day of December. Portion of one-third of a shai share of stock then so owned and held ich of sald stockholders a: and to authorize the transfer from the surplus account of the Company to the capital account of the Company of the sum of $4,000,000., being an amount equivalent to the total par value of said stock dividend. (8) To take such other action as may properly come before the meeting In reli tlow-to the proposed tncreaso of said capitel stock and the disposition thereof. D ew York, December 5, 1922, ALVIN W. KRECH, President of The Equitable Trust Company lias Uf of New York. Wy WILLuM 3. Ect, Secretary of The Equimble Trust Compa: of New York. marketability as in the two other in-| tM Astor to take action on the com- we have more to consider character aud Individuality of the] Loft, farmer himself—what bankers call the Heretofore the country e furnished SAVINGS BANKS. as the power to squeeze the companies Is lodged willf them, Members of CAMBRIDGE, fashioning of a new we of offensrve Harvard football teams ts un- consideration by Bob Fisher. inean an entirely new set of Deputy Police Comnisstoner, in sie “Invited” t ing in the city or have the alter native of having similar action taken the Board of Estimate gas and electricity due to the and Sir Thom monde, a former pm to clean up member of the Yanks and merchants b Ubis sort of credit “Financial associations or corpora- tens could be formed to localities so desiring whose purpose would be to provide the necessary fuarantees to the mote of the farmer who wants | ™4nagers. aud {s entitled to obtain credit for the purchase of machinery or fertilizer or for anything necessary to the pro- of hig farm. “The initia! capital of the new sys- teh coyld be obtained out of the liqui- dation of the War Finance Corpora- Assuming that the would have a eaptta! of $60,000,000 to $100,000,000—to be increased if found and the right to issue tts own obligations to the amount of ten times its capital, you can readily see dition to the present credit the farmer would be weil pf and could have ov just outrageously sympathetic ear Gov. Miller's Public posed to be the Lehigh Valley Announcing Another 4%% Dividend East River Savings Institution © Defosits $40,000,000 tion of present methods intend- mson teams gain more have been able to do Service Commission turned to virtu- ally all corporation appeals for larger Once they have the whip the Board of Estimate mem- bers say they will drop costs to a rea- sonable figure tended, was as ron-commiital on the the Government believes 3 outcome as were the dozen dancing ‘ound than the concern to modify in part and to work out it is under- Macy & Co pf. call the New York Ba set of shift plays, A committee appointed included James Corriger of St pom Associa quent it is dungerou up to the tt e to game in the ght and the strat- neiderations of each contest. neat fall has been without weakening for a more gradual the big games, sible to bring the team along with new plays to bet- Commission's adoption of the British thermal unit stands ew system | °! Max Motors B change was accomp: organization t in New York.” “did not send » fo attend th patrols tv hold up wome and the public obliged to burn which results In larever THOMAS DUT ymething @ litte new ore variety here and “As in the case of the land banka, provisions should be made for the re- payment of the origival capital invest- ment of the Government. the Government would be repaid not only ‘in the money sense, but also in the greatly increased pro per cent. of the population; the whole population.”* standard of a: put contro! and regulation of gas and electricity into the handa of the city Department o: Water Sup- Was not an order, but In the end |that if it was not done by the F hen it was u nis was as th FANCY HANDICRAFT BY THE CITY’S “GUESTS” the Vanderbilt to-morrow at @ lune’ erity of 49] sult of ary» President of Mt of Lostitational farm “leaders concentrated all attention on the measures which om- body hie proposals and are now be- fore Congress, they could be passed within a few days, do not call 1 missioner ap American Society on of a Com- nounces to-day srtment of useful articles, baskets, knit goods, alip- in which he blamed elevated and Commission of office and a new on music played in dance that the orches! 1alls and asked varlous institutions of will be offered for sale as the projecting of new and unifying MORGANTOWN, ‘The popularity of wrestiing as an inter- collegiate sport was shown here yester- est equad reported for cam that hus ever ay- for any sport, not More tha one hundred Municipal Building: Pacific Gas & B. benwAt of the East River Savings Institution —One Block North of City Hall day when the la West Virginia's 291-35 Broadwa: SAVINGS BANKS, The Trustees of the East River Savings Institution have again declared a divi- dend at the rate of 414% per annum—the third consecu- tive distribution st this rate. If you are av Last River Savings Institution depositor you will share in this divi dend. If you are not a depositor, why not become one at once and share in the next divi- dend? One dollar is enough to start.