davidaulloa/AmericanStories huggingface dataset:
The Detroit times., 1916-03-22
WAR STOCKS IN
SHARP RALLY
Market Receivers Strongly
From Mondays Peace
Talk Depression

NEW YORK, March 22.-Ths
Sew York Evening Sun review Tues
day said:
with the resumption Of business
on the stock exchange this morning
the professional element set about
repairing the damage occasioned by
yesterdays peace discussions. I'm
der active short covering and az
gressive pool buying prices rallied
sharply at the outset. AS Was Ia
have been expected the greatest
gains reflected In the war order
stocks and industrials specialties
which suffered such severe declines
In Mondays closing hour. American
Zinc. Crucible Steel. Baldwin Loco
motive, Industrial Alcohol. Mexican
Petroleum and the like opened from
IL to 8 1.2 points or more higher
No doubt yesterdays peace dis
cussious were overdone, or at least
that the speculative element antici
pated too much from the recent In
locations pointing TO an early ter
nination of the war. But the early
recovery In prices does not appear
to be q reflection OF the public mind
on this particular matter.
Dealings were almost wholly
professional and took place ate,
the more urgent short coverings
had accomplished some OF their
improvements.
Statements credited to the Nor
gan interests corrected the exces
sive estimates Of the amount OF se
curities that Europe has for sale In
this market, while confirming the
general conclusion that consider
able volume Of stocks In the hands
Of foreign holders or for the British
,reasury are hanging over the mar
ket. The result Of this with the
railway issues was little short Of
pathetic. Though the leading rails
hardened in sympathy with the gen
eral upturn. the recoveries were
limited to narrow fractions and the
inactivity Of the group was sccen-
tuated. Trices, while irregular, and
generally under the best. held some
Of the recoveries In the early after.
noon but speculative impulse was
lacking"
The Detroit times., 1916-03-22
Nathan B. Williams,
Trade Expert, Dis
cusses Regulation
SPEAKS BEFORE
COMMERCE BOARD
Business Suffers From
Ill Considered Laws,
He Says

I'VE have in this country a very
riot of regulation; very real an
archy of law. The fe deral trade
commission law marks the high-tide
of attempts at governmental regula-
ton OF business activities"
This was one OF the statements OF
Nathan Il. Williams. federal trade
expert. and for several years engag-
ed in special research work in legal
and economic investigation for com.
mittees OF congress. before the De-
troit Board Of Commerce, Tuesday
noon.
Mr.. williams address dealt with
the new federal trade commission
law, which followed nearly % years
experience with the Sherman Law.
He emphasized the fact that II is
not an antitrust" enactment.
The experience Of the country
with the Sherman law and the inter
state commerce commission law re-
;ating TO railroads. and what was
believed TO be the judgment OF the
country. suggested that certain prac-
tices which had developed scandal
in some corporate arrangements be
made unlawful" said Mr.. Williams.
Congress set about to do this. II
| made the responsibility OF the guilty
individual a little more certain.
1T liberalized the trust laws 80
that an individual or corporation
need not wait upon the processes OF
the department Of justice. but might
proceed upon his own initiative. II
provided that during the pendency
OF federal prosecution OF comb
| nation In restraint Of trade that the
rights OF the individual to damages
be preserved. pending the outcome
OF such suit. II went further: II
llberalized the provisions as to legal
process so that service OF summons
might be made where the offender
was carrying on business.
Then congress made certain
things which were commonly believ
ed to lead 10 monopoly unlawful
These related to price dIscrimina
tions under certain circumstances
so-called 'tying-contracts INTERIOR
porate stockholdlngs; and after Oct
Is certain forms OF interlocking DR.
rectorships are forbidden.
"The federal trade commission
was given concurrent authority to
enforce the provisions OF those -four
sections OF the Clayton law which
fairly named. may be called provi
sions against unfair practices
Mr.. Williams told OF the great
food of legislation that was passed
by the legislatures Of - states last
winter. There were $4,000 new
enactments, he said. and congress-
added several hundred TO that mum
Der.
Anarchy is the absence OF law.
he continued. but whae Is the diff
ference II our laws are so volumin
Gus that no man can know them
and no man can hnd the mout. The
The Detroit times., 1916-03-22
Commissioner Water.
fall Says r. RS Ac-
ton Will Have Effect
COMMITTEE IN
CHARGE OF RULES
Executives Have Conn
plete Control Over
Freight Situation

The forming Of central embargo
committee TO handle problems aris-
ins from freight congestion. In
which 10 OF the leading railroads are
represented, will Immediately be m
nected In Detroit. according tc Ar.
thur T. Waterfall. trAfYic commission
or OF the Detroit Board OF Com
merce. and In a short time will have
the effect Of clearing up the situa-
ton that has been perplexing the
shippers. and causing the railroad
o1icials great annoyance.
The embargo committee IL q d.
rect result of the recent meeting Of
railroad representatives In Washing.
ton, ID. c.. the nrst week Of March.
and was the only plan evolved for
solving the present ENHANCEMENT.
Of the Is railroads participating
In the plan, but ore. the New York
Central, touches Detroit directly.
All are. however, more or less init.
mately concerned In Detroit's indus
tries. and the effect OF the central
= uCttStVu4 8Au tHuOro&0
is bound to be felt here In no small
degree.
The plan II bound TO be unpopu-
lar with the shippers" says Commits
sioner Waterfall. "as shipments viii
be held up for time. Eut 1t is aim
ply a question OF what 10 best for the
greatest number. and In a short time
more even balance will have been
established"
Commissioner Clark. OF tire inter.
state commerce commission. and
the presidents Of six trunk lire rail-
roads, form the executive committee
Of the embargo committee. and will
put the regulations into effect.
The committee will pass on and
approve or disapprove OF modify all
embargoes. and may make such In
vestigations as 1t sees nt Il also
may apply the principle OF storage
charges.
The Detroit times., 1916-03-22
COMS70Ck
ISFAv0REO
IN CAPITAL
Administration Fr0wns
On Local Activity For
Wood, Is Report
NAGEL EFT AL.
ENTER DENIAL

A dispatch nom Washington says
that instructs0ns nave been sent 10
Collector Of Customs lawson, In.
ternal Revenue Collector Brady and
Postmaster Nasel to curb their &C.
tivity in promiting the candidacy OF
Z. o. Wood for reelection al Demo
cratic national committeeman.
Washington politicians regard the
action rs proof that the administra.
ton favors the selection Of W. A.
Comstock over Wood. the dispatch
says.
Federal regulations prohibit gov
eminent ofncialy from taking an &C
tive part in politics.
Postmaster Nasel heatedly denied
that any instructions had been 70
ceived by him. Collector Lawson
smiled tolerantly and shook his
head. Internal Revenue Collector
Brady was inclined to be secretive
and non-communicative
nave hOt ASSCAsSo ohy Ahra w
lions that I know Of" said Brady,
The place to hnd out about such
matters ID from the head Of the do
partment In Washington"
Collector Lawson insisted that h>
knew all about the regulation pro
nibiting politics In federal ofices
and that he has never violated this
particular regulation.
IT'S a frame-up.- said Nagel. 81
know my department never sent
such dispatch and never will. Per
scnally. am for e. o. Wood. but
am not active in his behalf. The
federal building is out OF politics"
Apparently, the increased strength
that Comstock Ii showing has alarm
~ the Wood adherents, and every
effort is being pun forth in his be
half.
The Detroit times., 1916-03-22
Grain and Provisions

DETROIT. Mar. 2l.-Close: Liver
pool wheat prices were unchanged for
cash and the American markets were
easy and lower largely on tales of
an early end OF the war. Detroit
opening prices were lae lower.
While cash wheat in Liverpool was
and offers liberal. A decline is noted
in Argentine freights and the In
crease of s,332.oe0 bu In the European
wheat visible supply helped the feel
ing Of easiness; A reduction In the
to ll,soo.ooo bu did not receive much
attention and the general tone OF Eu-
ropean advices shows confidence
that supplies in future will be ample.
The possibility OF peace Is hang.
ing over the market all this time and
there Is general belief that the
war will come TO a sudden end. This
makes longs nervous and they are
quick to take profits Morgan states
IL as his belief that peace is stiil .
long way of. The general feeling Is
that prices will 40 10 smash III the
war ends. although there are cases
where an advance has followed the
nervous market and dealers md dtf-
ficulty making up their minds about
the future Crop damage reports con-
ttnue to come ia. but the bears feel
enough TO make up for great deal
of loss to the growing wheat.
Wheat opened with drop OF hc.
which was later recovered. Trading
was duh all day.
Beans advanced Sc other coarse
grains and seeds were unchanged.
No. red. si.isA May opened ,sc
lower at .siI4 and advanced TO
advanced to si.l3: No. white. sl.esh
Tuesdays coarse grain quotations;
Corn. cash No. 3. s.c; No. yellow.
1tbc: No. : yellow. 7e,a oil hc. Oats:
STANDARD Sc; No. white, a5e; No.
March Shipment. 1855: April. $40
Cioverseed: Prime spot, sfi.75: March
sli.50. prime alsike. $3.50. Timothy;
| Receipts in the Detroit market On
Tuesday included 1000 bbls OF -four,
cars OF wheat. OF corn. OF oats
and 10 OF hay. Shipments were ..oeo
bbls of -four. $4,000 bu OF wheat. y.
900 blu of corn, 5000 bu OF oats. stock.
are 7st.00e bu OF wheat. $4,000 bu OF
corn. $4,000 bu Of oats and ifs5oo
bu OF rye.
TIL. European wheat visible sup
Receipts OF wheat Tuesday: Duluth,
SO cars. against 124 a year ago; Mn
neapolis. 5ts cars. against LIS; Win
nipeg. i,f19 cars. against 532; Chi
cago, Js1 care. against $50.
Tie worlds visible supply OF wheat
IL .37. $4,000 bu. an increase for the
week OF 2.sec 0ce bu. stocks a year
ago were $50. $4,000 bu
Exports OF wheat and -four Tues
Primary wheat receipts we're 1,is7..
coo bu. against I,l33,0o0 bu year
ago.
The Detroit times., 1916-03-22
Ssoe FINANCIAL AND MARKET NEWS Ioa

responsibility for much OF this
weighs upon the business men.
THE interstate commerce com.
mission has been i'm existence about
80 years. and Is frequently cited az
model. Yet the facts are that at
this time one-sixth OF the railroad
mileage OF this country Is being ad.
ministered under court receiversnips.
The advocates OF governmental own
ership should take heart. They ap.
pear TO be In a fair way to realize
upon their hopes.
The federal trade commission
law now carries the tide OF commits.
sion control or direction to the vast
number OF business enterprises car
ried on by thousands OF men and
doing the multifarious things involv.
ed In the manufacture. distribution
and sale of those innumerable arti-
Giles which make up our wondrous
commerce. This control includes the
methods by which this commerce
IL carried on. The trade commission
law applies 10 perhaps 80 per cent
OF more than 100000 business cor.
porations OF this country. The cap
itali.ation OF these corporations rep
resents more than $4,000. 900, 900.
Their employees number more than
1000. 900.
1.-The commission has wide powers
OF investigation. IL also includes
authority to inquire into foreign
conditions where there exist combi-
nations or associations OF manufac-
turers that may affect the foreign
trade OF the United States.
Most business men are honest
and most business is fairly and hon
sstiy conducted Business as q
whole has suffered at the hands OF
poorlp-informed legislators and i'll.
considered legislation. But you hold
the remedy for this in your own
hands.
The contending aliiteratively des-
:gnsted economic theories are bat
tling for supremacy In this country.
These theories are honest competi-
ton and cooperation. The results
Of this contest no man con foresee.
Probably the centrifugal force Of i'm
dividualism will be sufficiently mod.
fled by the centripetal tendency OF
cooperation that the better aims OF
each may be made to serve the
whole people. A corporation. some
times defined as a body without de-
cay. a mind without decline Is but
controlled and regulated co-opera.
ton
due progress will wish to pre-
serve that spur TO initiative and en-
deavor which free and honest com
petition keeps ever present. II W.
likewise wish to prevent that tea
dency TO extreme waste which un
controlled and unrestrained compe'
tition produces.
May We not hope that these two
forces may. like their counterparts
In the physical world. so guide. con
troll and develop the forces OF Amer
lean business to that economic jus
tice which satisfies the conscience
and promotes the well being OF all. "
The Detroit times., 1916-03-22
WHEAT RALLIES
after SLUMP
Heavy Buying Counteracts De-
cidedly Lower Opening In
Chicago Pit

CHICAGO. March 22.-Wheat raj
lied on heavy buying after a decided
ly lower opening Tuesday. May re
gained most OF its early loss, selling
at l.os IA and July sold at los IA
after opening at 1.o7 Is.
Corn followed the wheat trend
May ruled around IS SIS and July
around IS IA.
Oats also rallied from lower
start. May sold at "A IL and July IT
IS Is.
Provisions were steady.
The Detroit times., 1916-03-22
NIGHT TRAFFIC
SCHOOL OPENS

Trafic Commissioner Arthur +.
Waterfall. OF the Detroit Board OF
Commerce. and his assistant. John
McNally, Tuesday night will open
the trafYic school, recently announc-
ed. The sessions VIII be held each
Tuesday night from 1870 to 3
o'clock.
The shipping forces OF the various
wholesalers and all others interested
will be afforded an opportunity OF
becoming better acquainted with the
essential facts and practices OF traf.
&c work.
The school will consider classified
ton Of freight, freigh. rates and
charges, express tariffs. bills OF lad
ing and contracts OF shipment.
weighing, freight tariffs or rate
schedules, transit privilege, terminal
facilities and regulations, and dam
age and reparauon.
The Detroit times., 1916-03-22

Nm UgNYnAL SrOCl1YARDy
l11Xs Mtels-. Merc1, 3I.---rattl~.
en<Df : best heavy steers. ~
AZ l&1c handy weight butcher
&4 4 LIZ mixed steers and
light butchers. ss.S51s:
- ~ $50: butcher cows. IS
Ql1ulon cvws. $i.50W1I5:
Y @404eS btst heavy bnllS.
6oJQHnn bulls. es..5fa5 81:
NJ 1&ta 9}t6 20. Veal calves:
MN, 15GI0. sheep and
nf1tet {. steady. best lambs.
hl4bp (Io0 1850: light 70
and ccnmOn. e596 Hogs:
~ Sssvies, ssss0 80. 80
The Detroit times., 1916-03-22
Plans Rubbish Removal.

Commissioner Fenkell Ia sending
to the common council several
amendments to the rubbish ordf
nance. providing for the collection
OF commercial" rubbish By the de-
partment at 20 cents q barrel. The
department proposed to removs
waste paper free. providing It ID
dry and In compact bundles. The
commissioner thinks he can realize
enough from the sale Of the waste
paper to cover the cost Of collsc.
tion. Persons wishing the depart
ment to remove commercial" rub
bish must nrst obtain tickets 1t the
d. p. w. once, ~ the wagon drfv.
ers are not allowed to collect any
money.
The Detroit times., 1916-03-22

The Hoover steel Bail Co. OF Ann
Arbor, has authorized the sale q 49,
OF shares Of treasury. stock. that
the company may provide for expan-
sion IN the near future. IL viii be
Offered TO present stockholders at $40
q share. with the privilege OF SUBJ
scribing 20 an amount equal to one
half OF their present holdings.
The Detroit times., 1916-03-22

James T. Gallagher. aged 81. OF
1872 Porter.st.. dropped dead Tues
day while razing an old building at
No. 81 Larned-st. west. Heart fail
ure Is believed TO have caused his
death.
The Detroit times., 1916-03-22
CHICAGO suTTER MARKET.

CHICAGO. III. March .2i;-Butter:
extras. 5sas5,sc; nrsts. ssh a CSC.
Eggs: Prime ordinary. 1sm1st c:
frsts. 1sa13kc. Cheese: Twins. 1sk
1--we poultry: Fowls. lie; ducks. 80
fsc; geese. 100 i3c: springs, INC;
turks, 1sc. Potatoes: Receipts. 81
cars; Michigan. sTns7c: Wisconsin,
sra s2c; Minnesota. s7Hs 2c.
The Detroit times., 1916-03-22
CINCINNATI IS
LACcINC BEHIND

Cincinnati Ia another OF the indus
trial centers that Detroit has passed
within the last few years.
When the twelfth census was TAX.
en- In 1900. Cincinnati had q manu-
featured product Of about $4,000
600. and ranked seventh among the
Industrial centers OF the country.
N Detroit then had q product OF
about sss.s4s.ooo, and stood SIX
teenth. N
Bulletins just issued by the cen
sus bureau for 1914 give the follow.
Ing companions.
Establish
Empioyss ~. Ise.sis 7z.s5s
Capital ....szss.i5i.ooo sis7.sss,ooO
"a ......s aassrooo . is.asa.oeo
:s..s.e sA7siA~ : sksss.sss
60 (o,4pgsee<!
The Detroit times., 1916-03-22
Quotations by Paine. Weber a Co.
Open High Low. Close.
TOLEDO GRAIN.

WHAT orhDSe Cash. it.r's s! May, ,iisS;
July. siIss; c9.n; Cash n.i: 's ~. 6
and May. 47%c. July. 4ssc. Rye:
Cash, sic. Cfoverseed: Cash. $3.50;
March. $3.50: April. 1855; October.
SIC. Alsiks; Prime. $40. limo.
creamery. ssc; tub creamery. 37c.
Eggs: Country run. 2ozc. Hay: Tn
The Detroit times., 1916-03-22
NEW YORK MONEY MARKET

Money on cali per cent: time money
3D3y per cent Tor six months: mer.
camille paper. 3@3k per cent. Bal
57sc. Demand sterling. N7sx.
The Detroit times., 1916-03-22

LA lyVFFALl- ~. r.. Mar. ~
IS ktceipts. 200: market active
prime Aferrs. ts.2sM So. I:
C|f Htndep. 970S5S: cows. $3.50
f>Alye4s Receipts .i7s: mar
ngket slow. lambs CSC lower:
]QxNbs. y1t.E041I,s5, Gull To
4 o1U II s.: yeavliuxs. es0to. SO:
~ 80 Hogs: Neceipts. 3. tOo:
NJ oc{fY1S 81 1oc higher: york
10. pfkn. e8-5s: mixed. %. % q
VI Y 3avys. l4El0.19; roughs. $50
The Detroit times., 1916-03-22

3: :s%s 8: =: sssS,;s.'
. Co, Bennett. Smith 4 Co. sinciaii
oS GSSl' W. !oiI s S:iiIy Co L S:a
West 4 Co.,. r. =. Mactrone 4 Co.
Emmet Il sprague. Matthew Finn.
p. L Seymour q Co. A. w. wallace
Co; VIM. = Ro.s = CO, WI 4.
PeIton. Merrill. lynch . Co.
The Detroit times., 1916-03-22
CHICAGO GRAIN.

CHICAGO. III, March 21.-OpenlnG
Wheat: MAY. down &c: July. down
ic. Cgn: May. down sc: July. up
i.r. Oats: May. unchanged. July.
down NC. Provisions. higher.
up Iisc. Corn: May. up hc: July, up
sc. Oats: May. up &c: July. up ~
Close Wheat. May up isc; July up
SC. Corn: May Up Ac, July. up y
Provisions: Higher.
The Detroit times., 1916-03-22

creamery. extra ssc: special, asa "a
SIC: state dairy tubs. eha37zc
imitation Eass' ssro s,ss% 9sry,, r'ts ,ss.c
by white fancy, 7sa2Tc: nearby mix
Cd fancy. 2ihc zsei fresh nrsts. ,sH
The Detroit times., 1916-03-22

The Harding Lumber co. has moved
lie offices 20 a new location az Ham
itton and Midland -aves.. adjoining It's
new main plant. recently erected To-
provide for an unusual Increase IN
The Detroit times., 1916-03-22
RUTrER AND EaGs.

natter - Creamery. extra 2sc:
hrsts, Sbc; packing stock. Ice: dairy.
2fc Id.
cases included. zoe: current Receipts
lstc per don. Receipts Tuesday.
1850 cases.
The Detroit times., 1916-03-22

- 1i4kNp. O.. March 2f.--Hogs:
q; steady: workers. and
6eStn(4 cars. steady.
La>mbs: Receipts, 3 cars.
- top. e1l.so Calves:
-; steady; top, sii.7S.
The Detroit times., 1916-03-22

Dyn,s nsyisw. commenting on shs
$; :: g y: :1';l':s
The Detroit times., 1916-03-22

J. p. Morgan. Just returned from
Europe. says that Great Britain will
a. Il has been doing. ana that New
York can Abeorb the supply.
The Detroit times., 1916-03-22

=. r.s:ss.S~tss y,:s';, seat s;.S- In:s
The Detroit times., 1916-03-22

NEW YORK bUTTER AMI EGGS.

EIGTN, III. March 1s.--Butter.- all
sales at SO cents. An increase OF 1c.
The Detroit times., 1916-03-22

NEW YORK COTTON MARKET.
. Quotations by Paine. Weber q CO..
Mar 2l.
The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1916-02-29
SOLDIER SHOT
BYPROQOST GUARD
First lnfantryman Attempted to
Run Gauntlet at lwiIei
,' and Now May Die

| With a bullet wound in his neck, in,
fileted by Private Henderson, a mem
Der of the provost guard, Second In
fantry, from a thirty-thirty Spring
field rife, when he failed to obey tht
order halt" and ran while in the
lwllei district, restricted to soldiers
early yesterday morning, Private M
Labrooks, Company NJ, First Infantry
is lying at the Fort Shafter hospital
In a critical condition. He is not ex
pected to live.
LabroOks was opposite the pineapple
cannery on the lwilei road when the
shooting occurred. He attempted II
enter one of the gates leading into thu
district and was warned to leave. lie
walked away and in a few minutes
came back again and attempted to Gu
ter the second time. Henderson, who
was on duty, at one of the gates order.
ed LabroOkS TO halt, telling him he
was under arrest. Instead of hating
he ran. The order to halt was given
three times before the provost guard
fred.
9he police ambulance was summoned
and the man was taken to the emeT.
geney hospital where first aid was
rendered. On examination II was
found that the bullet had entered the
back of the neck coming out through
the mouth, carrying away most Of his
teeth and portion of his tongue.
When Labrooks was placed on the
dressing table at the hospital, he was
In a conscious condition and elutching
to his breast a bottle of beer, which
was under his khaki shirt, and not
broken.
According to Doctor Ayers, emer,
geney hospital physician, the man had
evidently been drinking. After first
aid was rendered the man was taken
to Fort Shafter hospital.
Although the shooting by Henderson
was in line of duty, it is thought at
the army post that he will be tried
by general cOurt-martial as a matter
of form, to verify any evidence that
may raise beyond control of the mill.
tary authorities, Labrooks was rest
ing easy up to late last night.
The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1916-02-29
.SLAQS HARRY THE
50. MOgEM TROOPS
& ~ = Vet -" &
Victories Reported From Persia
on Way South and Syria " :
on Road to TrebizoId
tAssOciatsd Press BY Federal wireless,


PETROGRAD, February 27.r7-7 The
Russians operating in Persia and ad.
vancing south to reach the British col
umns on the Tigris are winning their
way against all opposition. Yesterday
word was Feeeived that the Persian city
of Kermanshah, only one hundred and
fifty miles north of Kut ell Amara, has
been. capt"rod, the Turks and Persian
sysmapthizerst being badly cut up in
their defenseof the, city and subsequent
retreat. ~ 49, s.. .. -.l.,,
!. Official figures of the prisoners tax
en- in the fan Of Erzerum have beer
received, these showing that the great
er part of the Turkish army escaped.
The report states that 235 officers, H..
757 men and 1928 guns were taken in
Erzerum and, vicinity,
In this theater of the war the Rus,
slams are pressing on in the wake. OF
the fleeing Turks, and towards Trebi
'zond. Yesterday the town Of Ishpir AZ
kala was occupied.
On the Galician and Baltic fronts
there have been no incidents Of impor.
lance, although activity along the north
ern front is expected soon. This ex
pectation comes from the announc ement
Of the appointment Of General Kuropat
Kin as commander Of the Russian arm.
les in the north.