Indicted for Gas Mantle Monopoly Price Boosts
Federal grand jury indicts United Gas Improvement, Welsbach, Cities Illuminating and eight individuals for Sherman antitrust violations. Conspiracy allegedly formed by 1919 controlled mantle output, raising prices in 200 plus cities. Bonds set at 1000 for corporations, 2500 for Mason, with pleas of not guilty anticipated.
MENTIONED IN THIS ARTICLE
New York
AssoCiated Press
United Gas Improvement Company
Welsbach Company
Cities Iluminatinge Company Inc
Samuel T Bodine
Randal Norgan
Sidney Mason
George Manders
Arthur EB Shaw
William Finding Brown
Eugene S Newbold
Charles Patterson
Daugherty
Mack
Mason
Hert?s Estate Wins Suit Over Creosoting Patents
In Louisville on March 13, the federal court denied the heirs of C B Lowry a petition seeking an accounting and recovery of patent proceeds from the estate of Alvin T Hert former Republican national committeeman. The court ruled the patent rights, sold to Hert for 70000, were transferred legally with no coercion proven. An appeal was announced by the plaintiffs' counsel.
MENTIONED IN THIS ARTICLE
Louisville
C B. Lowry
Alvin T Hert
Kentucky
Mr Hert
Unsmp
Aintiffs Counsel
Court backs Reserve Bank in check collection policy
The Federal Reserve Bank of Atlanta may send checks for collection directly to the France Bank for remittance through the mails without cont of exchange. Judge Beverly D Byrana of the U S District Court for the Northern District of Georgia held the decision today in the pedal al voir et fee anne Lie studi ge Wan e ater Neld that under sections 1a and td of the Federal Reserve Act the reserve banks are empowered to accept any and all checks upon presentation when deposited for pollution and that Lite thus received must be collected at par. The case involved the American Bank and Trust Company of Cordaje and other Georgia banks seeking to stop the Reserve Bank from enforcing the parclearance rule and from publishing their names on its so-called parclearance list.
MENTIONED IN THIS ARTICLE
Atlanta
Federal Reserve Bank of
American Bank and Truat Company of
Cordaje
Georgia
Resarve Bank
Ita
Packers Deficit Revealed for 1921 by Wilson & Co
Chicago March 13 The annual statement of Wilson and Co packers shows an operating deficit of 3 462 656 in 1921 including preferred dividends the deficit totals 9 206 262 versus 1 500 000 profit in 1920 and 7 000 090 in 1919 Sales were lower though tonnage similar Wilson and Co last of the big five packers to report a loss with an aggregate deficit across Wilson Cudahy Armour Swift and Morris totaling 77 817 450
MENTIONED IN THIS ARTICLE
Chicago
Wilson & Co
Cudahy & Co
Armour & Co
Swift & Co
Morris & Co
Court Criticizes Cotton Sales Plan In Probe
New York March 13. Chief Magistrate McAdoo criticized the American Cotton Exchange amid the John Doe inquiry. He noted the exchange had little cotton to trade unless buying from the New York Exchange and cited a 15 000 bale purchase used by brokers to verify wheel outcomes. Former Judge A W Graham testified and denied knowledge of a petition claiming trading was terrible after a firm withdrawal. The order to name Southern planters followed testimony that the exchange, founded in 1918 to aid growers, allowed 10 bale minimums, opening the floor to smaller growers and sparking speculation.
MENTIONED IN THIS ARTICLE
New York
Associated Press
American Cotton Exchange
John Doe
McAdoo
New York Cotton Exchange
American Exchange
New York Exchange
A. W. Graham
The
Graham
Exchange
New Orleans Cotton Exchange
Graf & Co in Bankruptcy in New York
Involuntary petition in bankruptcy filed in federal court against Graf & Co stock brokers at 123 Liberty Street. Claims total at least 35,000 from Lenox and Montford, C 3B Whitaker and Walter P. McCaffery. total against Graf & Co reportedly over 400,000. Receiver Jesse W. Whrich appointed. firm members Henry Spitz James M. Graf and Herman Witkowski released on 7500 bail each on grand larceny charges linked to California Crushed Fruit stock promotion.
MENTIONED IN THIS ARTICLE
New York
Graf & Co
Liberty Street
Lenox and
Montford
Whitaker and Company
Walter P. McCaffery
Graf
Henry Spitz
James M. Graf
Herman Witkowski
Morton Garden
Jesse W. Whrich
California Crushed Fruit Company
FUEL AND IRON SHOWS LOSS IN COLORADO ANNUAL REPORT
Colorado Fuel and Iron reports a large fiscal loss for the year ending December 81 1081 with net earnings plunging to 1 773 505 70 from 6 466 492 567 in 1920. Revenues fell to 7485 000 43 and operating expenses dropped to 346 846 990 57, while charges totaled 09 781 171 68.
MENTIONED IN THIS ARTICLE
Denver
Maren
Colorado Fuel and Iron Company
Simple health prompt urges Vitamon use for weight gain
The notice promotes MASTIN'S VITAMON two tablets with every meal to build up body mass and energy. It recommends weighing and measuring weekly to track progress until satisfaction with weight gain, noting that physical changes and tape measurements reveal results beyond appearance.
MENTIONED IN THIS ARTICLE
Mastin
Maggie
Tsha Mastin
Banks Show Large Gains in Deposits and Mergenthaler Strength
Unprecedented gains in Washington bank deposits reported to the Comptroller of the Currency show Riggs National leading with about 2.8 million more deposits since December 31, 1921. Other big banks include Metropolitan, Merchants, American National, District, Federal, Bain, Munzey Trust, Liberty, American Security and Trust, Warmer’s and Mechanics, Dupont, Citizens Savings, Bank of Commerce and Savings, and Anacostia Savings. Officials anticipate further deposit figures soon, while a director of the Washington Railway and Electric Company urges using impounded funds to pay cumulated dividends on common stock if the court allows.
MENTIONED IN THIS ARTICLE
Morris H. Glazer
Washington
Riggs National Bank
Riggs
American National
Federal
Bain
Munzey Trust
Gain
Liberty
American Security and Trust Company
Warmers and Mechanics National Bank
Dupont National
Citizena’ Savings
Bank of Commerce and Savings
Anacostia Savings Bank
Mellon
Treasury
Federal Reserve
Mergenthaler
Washington Stock Exchange
Washington Railway Preferred
Potomac Flees Power Company
Washing Railway and Electric Company
Mergenthaler Linotype
Washington Railway & Electric
Pfd
Mergenthaler + Linotype
C & P. Tel
Capital Traction
City & Sub
Geotown Gas
Metropolitan B. A
Pat EL
Alex
Balto
Ana
Ehgen
Hises Realty Geng
Biggs Realty
Ry. & el Co
National
Columbia
Gommerciel
Tancoln
Amer. Security & Trust
Gontinerita Trust
National & & Union Trust
Commerce & Savings
Washington Merchants Bank
Security Gave
Com
Strashinton
American E- Corcoran
Onertonal Union
Grapho
C. Paper Mig. Co
Ans Mergenthaler Linotype
D. Mkt Co
Range of Stock Prices and Market Ticker
A Washington Post wire page item lists stock quotes and bond notes across utilities, banks, and rail stocks with high and low prices. It includes Mergenthaler Linotype, Washington Gas, Patents Power, and various regional bonds, plus a cursory market roundup and the March 13 New York average figures.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Pose
Supreme Court Denies Interstate Commission Right to Scrap State Rail Line
The Supreme Court held the Interstate Commerce Commission lacked authority to force or authorize abandonment of a Texas owned state railroad. Justice Van Devanter said Congress regulates interstate and foreign commerce and that state commerce remains unaffected, leaving the abandonment question unresolved as it was not fully presented.
MENTIONED IN THIS ARTICLE
Interstate Commerce Commission
Supreme Court-to.ber
Texas
Estern Texan ‘Railroad Company
Commission
Eastern Texas Railroad
iVan Devanter
van Devanter
Growth in Farm Exports in 1921 Output Drops in Value
Exports of 32 principal agricultural products rose 27 percent by quantity in 1921 from 1920, but value fell 88 percent. Total farm and forest product exports totaled 2.204 billion dollars in 1921, down from 3.659 billion in 1920. Agricultural and forest imports were 1.470 billion in 1921, compared with 3.587 billion in 1920.
MENTIONED IN THIS ARTICLE
United States
Department of Agriculture
Your Income Tax Under New Law How to Determine It
Overview of refunds and credits after the 1921 revenue act. Guides on choosing a claim for refund versus credit, audit processes, and retroactive provisions. Details on timelines, eligibility, and interest on valid refund or credit claims.
MENTIONED IN THIS ARTICLE
The
Public Ledger Co
Baltimore Markets Show Grain and Poultry Prices March 13
A Baltimore markets roundup lists dairy prints and butter prices for Maryland Pennsylvania and nearby firsts plus Western and Southern firsts. It details duck eyes turkeys oats wheat corn prices and various poultry weights including old hens and young ducks with bid ranges and contract figures.
MENTIONED IN THIS ARTICLE
Baltimore
Choice
Maryland
Pennsylvania
Ohio
West Virginia
Virginia
Kentsland
Americans seek 6,000,000 acres in Chihuahua Mexico
American interests contracted with Chihuahua governor to purchase and subdivide six million acres for farming and stock raising. If approved by the Chihuahua legislature the plan aims to form a company to place the land within reach of small farmers. The estate belongs to Gen Luis Teverages, once Mexico’s wealthiest man. A. J McQuarters of New York leads the syndicate with backing from federal and state officials. injunctions and presidential requests delay formal deeding and a judge’s ruling.
MENTIONED IN THIS ARTICLE
Chihuahua
James B Stewart
Stewart
el Paso
Tex
Mexico
Luis Teverages
A. J McQuarters
New York
Ignacio Enricquez
Juareg
Obregon
Juarez
New York Produce Market Prices Report March 13
New York receipts total 6 567 for but ter and 30 44 for eggs with irregular patterns. Creamery products show higher creamery rates, eggs list varying firsts and extras, poultry prices steady for alive birds and dressed meat, sugar raw Cuban prices noted, flour grades steady, coffee spot values for Rio and Santos listed with modest shifts.
MENTIONED IN THIS ARTICLE
New York
Broilera
Cubas
Tak Row Ea
Middle West
Rio
Santos
New York Money Market and Oil Quotations Note
New York money market figures show steady rates with closing bid around 3 percent and various offered rates. Oil quotations from Oil City include credit balances and shipment averages with runs totaling 88,410 and 75,680 in lists.
MENTIONED IN THIS ARTICLE
New York
Pime Toana
Prime Mercantile
Oil City
Also Mentioned on This Page
Philadelphia
Cleveland
Pittsburgh
Memphis
Boston
Canton
St. Loui
St. Paul
Brooklyn
Reserve Bank
Packers
Colorado Company
Aiaiy
Enyone
Mastins
Witamon
Olacnanes
E. Case
Local Produce Market
Este
Lee
Romes
Oregona
Spitzenbergs
Florida
North Carolina
New Jerseys
Marylands
California
South
Carolinas
Floridas
S. Ungerisider & Co
Aphitaietratayaeacs
Calume If Sags
Yavare Garson Volskasarteens ' Coupe
Hsetenn & Briokesesveretens i Guranel
Gapieuseeeces
Creesvete Libby
hfoNerseist Maneaonnnetts
North Butte
Warren
U.S
Panama
W. B. Hibbs & Fo
Greater Berli Bremen
Coblenz
Coloigne
Dresden
Duesseldorf
Frankfurt
Sasamepe
Hamburg
Suet Oe
Leipig
Leipzig
Munich
Feaesee
Krupp
Badische ‘Aniime Stas
Bleck Ges
Les
Supreme Court
Hovement
Migsig
Aftrek
Orleans
Charleston
Wilpington
Baleimors
Savannah
Norfolk
Houston
Recsiote
Brock
St. Louis
Little Rock
Dallas
Bebe Montgomery
Little Tyee
Montgomery
Commissioner of Internal Revenue
Northern Ohio Traction and Light Company
the National City Bank OF New York
Public Utilities Commission of
B. O. Cabs
Aiman
Cleveland-Akron-Canton
Thone
New York Stock Exchange
National City Company
National City Bank
18Th St
Niw
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