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Show J I BUSINESS NEWS i1 4. ! JOHANNE8BURQ, i nlon of S. A,. I P( b 16. ( por:itlons arc IncreaslnK in J tr.o Rand district where gold :ind coal miners have been on strike for sev-cial sev-cial weeks. Two mines now have full complements of white workers. An attempt to fljnamlte a tram line In otic mine failed PORTLAND RANK FAILS. PORTLAND. Ore., Feb 16. The State Rank Of Portland will not open today, Conr.nl P Olson, the president, j announced. 11 P.. Robertson. state bank examiner has taken charge, according ac-cording to the statement. No rea.son was given for ti) action. The built has deposits of $2, Too, 000. L.MILOYMLN 1 UNCHANGED CHICAGO, Feb. 1G Another month has passed without any notworthy im-prpvemenl im-prpvemenl In employment In Illinois, according to the February employment employ-ment built mi of the Illinois department depart-ment of labor today. HIGHER si . KB in t . WASHINGTON Feb. 10. A decree has been issued by the Mexican government, gov-ernment, effective immediately, increasing in-creasing the import duty on common sugar irom lo to 15 centaVOS per gross kilogram, the department of commerce was udvlsed today In B dis-patoh dis-patoh fiom the American consul at .Mexico City '1 he present value of a centavoa la about one-half ;i cent. making the increased duty about 2 1-2 . us for slightly more than two American Am-erican pounds. FIRST BAN KRl PTC V. HAVANA. Feb. 16. Vega and com-pany, com-pany, Importing firm. Is declared o.inkrupt and the arrest of the nuin-ngcr, nuin-ngcr, .Marcos Restegul ordered. Tho creditors in this, thy first action in a bankruptcy case by any Cuban court In 18 months, are 30 American exporters ex-porters who failed to realize on goods shipped to Cuba beloie .1 Ppln 1 1 ion of the moratorium late in n2u. Tho proceedings were brought b five orod-itora orod-itora who 1 hargefl that the company's assets including merchandise valued at 1860,000 against which they held a claim tor $U0.ouo, were bong juggled jug-gled into the hands of one of the firm. ADA M s RATE STUDY. CLEVELAND Feb. 16. The real solution 01 high transportation costs lies in :i scientific study of rates to I determine which arc too high and I which too low, rather th:in a horl-Isontal horl-Isontal reduction, William H. Flnley. 1 president of the Chicago & Northwestern Northwest-ern railway, declared in an address at tho annual banquet 01' tho Traffic j club here. .More than 30 other prominent prom-inent railway ol flcials' also attended. MERGER PENDING. NEW YORK.FeJb. 16. Officials- of the White oil corporation and the United Gas & Electric corporation I conferred VWdnesdav on a ponding $70.0im,000 merger oi the two Cor ! poratlons, w hich it was expected ! would be announced officially today, ! The United Gas and Electric corporation corpor-ation controls nun) oil and nutural gas properties In the middle-west through stock ownership. BANKER JAILED. MANILA, It. I., Feb. 16. Isidore Lcrma, former head of the foreign department de-partment ot the Philippine Nutlonal I bank, was sentenced Wednesday to two years and 11 months' Imprlson- I met and to indemnify the bank to the I amount of $15,000 for appropriating ; to his own use certain profits derived from dealings In German marks. DIVIDEND DE4 LARED. NEODESHA Kansas, Feb. 16. The 'directois of the Slundaru Uil compan) 1 Kansas) Wednesday declared the regular quarterly dividend of $3 u share, payable March Id, to stockholders of record at the close of i business February S8( 1922, WHY CORN DEW ENDED. LA SALLE. III., Feb. 16 The re-' re-' cent rise in the price of corn, which I he declared was 'unparalleled in the hlstorv ol I he World." was it, ,1 ! to large purchases by the United States ko ornnum for famine relief j In Russia by Carl Vrooman, former i assistant secretary of agrii ulture, in I a speech here. 'Thirty million dollars dol-lars have been appropriated by the American congress and the soviet j government. " Mr. Vrooman said, "and I although this money lus not all been expended, the price of corn aas al-I al-I ready gone up several cents a bushel. bush-el. This means that the American people are wanting at least 100 per 'cent and prdbabl) 200 or 30'J per cent i on their gift to tho Volga valley." ST. LOUIS. Feb 16 Expenditures of $7.766.0UO will be made b the SL Louis A San Francisco Railroad company com-pany this year in betterments and for i new rolling stock and equipment, J. I M. Kern, president, said in :i statement. state-ment. The largest Item in the program pro-gram is $1,700,000 for new tracks and replacement of old rails. t 4 Alt FOOL si ..l,s I I) WASHINGTON, Feb. 16. A plan for pooling the 2,500,000 freight oars of the country tor their "Joint use" by tho railroads through one central agehcy, under railway auspices, was filed with tho interstate commerce commission In connection with Its hearing; on rate levels by S. Dnvlos War field, president of the National Association of owners Of Railroad Securities. Se-curities. MEJtGER DEADLOCK. NEW V ORK, Feb. 16. A deadlock has been reached in the proposed merger mer-ger of Several of the independent western west-ern steel producing companis, accord- ing to reports current here. The outcome- of the proposed merger hinges largely on th- question of valuations ! and secuujty issues |