davidaulloa/AmericanStories huggingface dataset:
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-12
WHEAT PRICES
HIT TOBOCGAN;
CORN is FIRM
fBr Consolidatea press !

Chicago, June 12-Wheat sold at
the lowest prices in months. Sell
ing by big eastern houses and by
houses that were active on the buy
ing side last week found the mar
ket without sufficient support. Some
OF the local bulls attempted TO sup
port the market early, but they
were forced to unload later while
on the break there was some buy
ing by traders who were selling
wheat at some outside market
Some of the elevator interests
bought July on the break. There
was decrease of 5000 bushels
in the visible supply last week.
The break in Liverpool prices in
face of worlds shipments of only
100000 bushels indicated that
there was enough wheat bought al
ready TO fortify them against any
scarcity. Weather and crop news
is highly favorable. Southwest re-
ported old wheat being marketed
more freely by farms. There was
little demand here for wheat from
exporters. but mills took a little
wheat. Vessel room for 100000
bushels of wheat was chartered
late Saturday.
Corn was firm early on support
from local bulls. The market weak
ened later on selling by commits
sion houses and liquidation by
longs. An increase of $3.50
bushels in the visible supply was
disheartening for the bulls. Heavy
receipts forced a quarter cent wild
er discount for cash corn. The do
nestle and export demand was
light.
Oats were lower early on liquida-
ton and selling by houses with
country connections Coverings by
shorts on the dip held the decline
in check. Exporters took some
oats late Saturday.
/ Provisions were easier with
grain. Trade was featureless.
Wheat closed near the low point
Of the day. prices showing losses
of 37s to 47sc; July closed at 1.09A
| to 1097a; Sept, Ito to 1.0S%, and
Dec. 1874. Corn closed Is to 1asc
! lower: July, 81; Sept, "a to 637s
and Dec. 637s. Oats were q to 1c
lower; July 351a to 35M; Sept,
371s to 375s, and Dec. 1878. Lard
finished 121ac lower and ribs, Tx
| to 20 cents lower.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-12
Curb Market
By sTUAET P. WEST
Copyright, l9Sx.>

New York, June 12.-The curb
exchange market was quite as
weak as the market on the stock
exchange today. Selling was very
persistent especially in the recent
high-pNced favorites among the oil
shares. Standard Oil of Indiana,
Standard of Kentucky. Imperial of
Canada and Anglo-American were
under the greatest pressure and
yielded the most sharply. In the
independent oils, the raction was
smaller, but all the recent active
leaders like Fensland, Sicily, Mu-
tual and Mexican Seaboard issues
went lower. The weakness in the
oils was accompanied by talk that
so far from there being any further
advance in oil prices, decline was
not unlikely.
Great interest was taken in North
American Steel in view of the re-
port made by the attorney for the
Lockwood investigating committee
that if trading in these when is
sued" contracts kept on, he would
bring the matter to the attention OF
he>grand jury. Some had expected
that the curb exchange would give
in at once and forbid any further
dealings in North American, but
such was not the case. Trading
continued active with the stock OPP
ening higher and at one time sell
ing nearly a point above Saturdays
final.
Philip Morris broke badly with
the other tobaccos on the big board
and United Retail Candy and the
New Tobacco Products shares were
enthusiastically affected. Radio
stocks were heavy> and American
Metals issues broke a point OF
more despite attempts at support il
the motor stocks, these went with
the rest. The mining group was
also lower. The feature in the bono
section was a very sharp break in
Freeport, Texas, rs following theil
recent sensational fifty-point ad
vance.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-12
Market
By STUART r. VEST
Copyright, 1oz2.J

New York, June 12.-Orders Tor
cotton cloths had accumulated in
good volume over the weekend and
fhe market was very strong today,
with mills holding firmly for ad-
yances in prices of the standard
cloth constructions for delivery be-
vond July. August deliveries in
many instances continued to COM
mand a premium Of &c over pre-
vailing quotations. Sheetings were
bought heavily, and twills, drills,
naiama checks and sateens all were
in demand at firm figures. Cotton
duck prices maintained their recent
gains.
The raw silk market was strong
in tone but as has been the case for
some time, buying was very slack.
Activity at some of the Paterson
mills has increased. however.
WOOL.
Boston, June 12.-Woolen mills
continued to buy raw woods today,
but they are placing their orders
conservatively, Prices throughout
were firm. Interest is shifting
somewhat into the territory woods
and there is a good demand and
active bidding for fine and fine
medium. Delaines are strong with
sales reported as high as 60 cents
for choice lots of Ohio.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-12
LiUe Stock
Chicago Livestock.

Chicago, June 12.-Cattle: re
ceipts $4,000; slow; beef steers un-
even; mostly weak to Is cents
lower; few strictly choice kind
about steady, top. $3.50: weight
LAS pounds; bulk beef steers, SIS
G9.00; she-stock weak to 25 cents
lower; in-between grades off most;
bulls and stockers, steady to weak,
veal calves, % TO 90 cents lower,
quality considered; bulk butcher
cows, and heifers, 5.50Q7.35: bulk
bologna bulls. 4.40@460; bulk veal
ers, early to packers. 10000 1850.
Hogs: receipts. $4,000; market
active; light and light butchers, 10
to Is cents lower; others, Is to 20
cents lower; top. 1910; bulk, 1910
610.65; pigs, steady. mostly $3.50
1850; medium, 10.45@1065; lights
1O.60@10.70; light lights, 10000
1870; packing sows, smooth, 9.16
09.65; packing sows. rough, S.75Q
975; killing pigs, 950Q10.50.
Sheep: receipts, 10000; desirable
dry fed lambs. steady; top. 1880;
other killing classes, aged lambs
and sheep; steady and lower
spring lambs, % to so cents lower
| top springs, 1875, early; desirable
killers, mostly 400 with culls
largely 7.500S.00; stock ewes &C
tive with young natives upward
from $50; yearling ewes to 900.
| HOGS.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-12
Bond Market
BIZ STUART p. WEST
tCopSright. 1897

New York, June 12.-United
States government securities were
the firmest and most heavily dealt
in today in the bond market tneir
strength. caused by the continued
low money rate, was In rather
sharp contrast to the weakness Oh
French Republic and Municipal
bonds. The decline of French ex-
ternal loans came with the drop IN
French exchange. French IS broke
below 100 as against their final
quotation last week OF 103Ss, the
TVS sold we'll under 10l and three
points from the years high. De-
partment OF the Seine rs were Oil
about a point and the three French
issues fiuctuated below
Sc as compared with the preceding
week, top of 86A. Brazirs SIS also
were reactionary and got within
point of the low for 1922. Mexican
government As gained ground,
while the per cents remained
practically unchanged.
The railway and industrial sec
tons lacked anything of special IN
terest. A number of issues of this
class lost a fraction of point. The
slight advance in Delaware and
Hudson rs from 103A, last weeks
closing figure, to 109. was as con-
spicuous as any change in the high
priced railway list. Speculative
rails with hardly an exception, lost
ground. The Erie convertible Ds
were an example of the trend OF
this group, selling down about
points. Greater New York Trac-
tons were fairly steady. save the
Brooklyn Rapid Transit 7ss which
rose over point and therNew IN
terborough Rapid Transit 6s when
issued, which were a bit lower.
Consolidated Gas convertible Is
sagged little more. The ATLANTIC
Refining 615s encountered some
selling coincident with the f1otatioH
of $15,000,000 15-year 5 per cent
gold debenture non-callable TO-DAY
by a syndicate of bankers. The new
bonds were offered at 100 and in
terest. This fresh financing is the
purpose of providing funds to be
applied to the redemption of the
61as, which are callable as of Sept
/, 1922, at 1854 and accrued In
terest. Oil, rubber and tire bonds
in the main were off fractiOnally
Another new issue was a loan ol
50 ,O5a, 900 to the Manchester, N H.
Traction Light and Power com
pany. The bonds bear 5 per cent
interest and are secured by a frs
mortgage.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-12
Kansas City Livestock.

Kansas City, Mo. June 12.-Cat-
tie: receipts 1000; beef steers.
steady TO is cents lower; mostly 10
to IS cents lower; top light steers
$50; best heavies, ,~9.20; She
stock, calves, stockels, steady to
weak: medium TO good cows, $500
6.25; small lots better grades, $50
07Oo; yearling heifers, 8.S5; best
vealers, 1090O10.50; good stockers,
IT'S: other classes, steady; bulls,
mostly 40005.25; Gamers and cut
tiers. generally 275@425; choice
light feeders, $40; good kind, 7.S5.
Hogs: receipts $4,000; opened
slow, later trading active to pack
ers anda few shippers 10 to 10
cents lower; bulk IT'S pounds to
240 pound weights, 10.30@10.35;
shippers took about 500; bulk OF
sales. 10.10@1O35; top, 1910;
throwout sows. 9.006925; stock
pigs, steady to 10 cents lower; bulk
desirable natives, 10.7O61090; best,
( HOO
| classes, generally 25 to so cents
| lower; wether, 6.25m675; light
ewes. 5.500600; clipped lambs
I1I.25; native springers, 1850.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-12
CON CON WOULD
extend Terms
OF ALL MAYORS
Continued from First Page.)

Continued from First PdSe.)
that Cook county's representation
on the supreme bench be restricted
to one justice until the term OF
Justice Cartwright is terminated
and that then it could be increased
to two. He pointed out that terms
of five other justices beside Cart
wright expire in 1924, and that all
their terms will be extended one
year and a half by the proposed
constitution and suggested his plan
as a way to grant the same cour-
tesy to the oldest member.
Two plans for extending terms
in office of city and township Off
GERS were offered by Chairman Du-
puy. He suggested that the terms
of the present mayors and other
officers might be extended past
next spring and June election days,
under the single election day in No
vember, or that special provision
be made for one more final series
of city and township elections and
that the extended term be granted
| the next local officials elected.
Either the present mayors, or the
| next mayors, he said, must get the
long term, so that all elections,
| township and judicial, shall be on
the off years, or presidential
/ years.
One other important section was
put before the committee. 1t pro-
vided that county judges hereafter
shall be prohibited from practicing
/ law and in compensation for the
added work the new constitution
puts upon them, it provided that
their salaries shall be Increased 90
per cent. This so per cent increase
/ will be paid by the state.
/ Another section provided that all
official documents and the work OF
courts shall be in the English Ian
guage.
4 Members of the schedule COM
mittee are Chairman Dupuy, Chi
caso; W. E. Trautmann, East ST
Louis; Phillip E Citing, Macomb:
Il John ]. German, Chicago; Andrew
id. Mills, Decatur, and E H MOI
ris- Chicako.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-12
TOBACCO STOCKS.

speculative operations had mainly
concentrated 1t is incenceivable
that the rails should have been sold
because of any genuine misgivings
as to the enforcement of the labor
board decision which now promise
wage reduction of $3.50, 100000
year
Railway STOCKS were simply go
ing with the general market
thrown over with haste by the
speculative interests which had
found themselves with a greater
load than they could carry.
Undoubtedly today's very heavy
liquidation coming on top of a
week of uninterrupted declines,
went very far to complete the re-
adjustment demand by the inside
market position. There were many
stocks which at the low prices of
the day reached in the last hour
had to stop.
This was certainly satisfying
enough reaction in view of the I'M
disputed talk regarding improve
ment in general business and of the
redundant credit supply. Call
money renewed at percent and
loaned at ga percent on sums re-
quired for the day only. This was
the lowest figure recorded in any
sustained way since the autumn of
1917.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-12
BIG RUNS MAKE
CATTLE,HOG
TRADE uneven
AZ consolidated Press.)


L s Yards, Chicago. June IL
Heavy runs OF cattle and hogs were
reported for the local yards today
and-~he trade was uneven. About
2.OOH hogs were\ received by big
packers today. while the same num-
Der was held over from last week.
The average price Of beef steers
las4 week was placed at $50
which was 45c higher than the
week before and soc above the cor
responding week last year Ike
ceipts today were: $4,000 cattle
Sc a"A hogs; $4,000 sheep and SOU
calves. axis. .4t
CATTLE.
Best heavy slvcls were IN Ialr
demand as there were few on hand.
Steady prices were paid Choice
lots went at 96925 while l,4+b
pounds stock sold at $50. Strictly
prime-animals were placed at $50.
Medium and palmer grades were
slow and mostly 10ml5c lower
Cows and heifers were weak TO zoe
lower. while Gamers were easy,
Bulls we're weak, while calves were
off 25650c. Choice veal calves
were quoted at 1a75m1125.
HOGS.
Values were lower. Most OF the
good light hogs sold at a decline
of 10000 while heavy packing
grades showed more drop. choice
stock went at 1O.65Ml0.70 while
good 24O to 800 pound hogs sold at
| O35m1O.5O. Late trade was a
dime lower for light hogs. while
others were off Is to zoe. Bulk Of
butchers sold at 1010@10 50 while
rough packing hogs went at S.15@
925.
| Spring lambs were down 25P5bc
with choice lots at 14.25. Best dry
/ fed lambs were about steady,
| choice lots going at 1850, but 9th
ers were 15625c lower. Best aged
muttons held at unchanged values.
Good ewes were quotable at 6.5o@
/ 100.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-12
ALL LEADING
MARKETS ARE
MUCH WEAKER
RY sTuART 2. WEST.


B wall street, New York, June IL.
weakness OF very decided char
.rser developed in all the leading
,Sarkets today. Stocks, the foreign
1sehange, cotton and grain went
down simultaneously. Insofar as
there was any common explanation
n be assigned, it was simply that
m these markets were reacting in
perfectly logical and normal
manner from previous over spec
rIation. This was true in quite
carving degrees according to the
sTtent that speculation in each in
stance had overdone matters. The
decline was particularly sharp in
stocks and cotton, because there
we're Instances where operations
fnt the rise had been pushed with
PARTICULAR boldness. 1t was not 30
Pronounced in wheat, because that
market, by cancelling nearly all
the years advance, had already
atoned for any past excesses. i.
In the exchange market 1t. was
also a case of weak speculative
gsitions giving away-a position
built up on the expectation of a
German loan. Although 1t had been
uerfectiy clear even week ago
that the bakers subcommittee was
facing very serious obstacles, the
foreIgn exchanges were not by any
means thoroughly prepared for the
formal admission OF failure. With
the exception of sterling, which
stood up fairly we'll, all the allied
currencies broke sharply. German
marks were quoted close to the
record low of .294. French francs
broke quite as severely, getting
down to the lowest in over three
months. At $50 the franc was
down nearly a half sent from the
Years high. This entire loss hav-
ing occurred since converting the
Genoa economic conference. The
weakness in French exchange and
French public securities was proof
Of what intelligent opinion has held
right along that France has vital
stake in the industrial restoration
Of Germany and that in obstruct-
ing a German loan 1t had been go
ing against it's own best interests.
The selling movement on the
stock exchange was more precipi-
tate and altogether heavier than on
any day last week. Again. how
ever, it was against common sense
to attempt any outside explanation,
The European developments and
their reflection in the exchanges
we're a disturbing influence but one
which had been clearly foreseen
and therefore did not come as any
thing OF a shock. The reasons for
the decline were almost wholly con-
nected with the market position it.
self Repeatedly it has been point
Cd out that the speculative cam
paign of April and May was being
carried to extremes, that it was
abusing the credit conditions and
was overmeasuring the recovery o.
industry. The truth of this obser
vation had been manifest in tht
price movement of last week where
losses and 10 points had occurred
All through the list destroying il
numerous instances almost thu
whole gain OF the last two months
The weakness was very liberal
It was quite as emphatic in the rail:
stocks which have not had the ris'
that the average industrial groul
| had had as it was in stocks like
the Oils. Equipments, Motors ant
Steels, upon which the last month
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-12
Weather Forecast

Illinois: Fair in north, partly
cloudy with probable local thunder
showers in south portion tonight
and Tuesday; not much change in
temperature.
Indiana: Fair tonight and Tues
day; except possibly local thunder
showers in extreme south portion;
not much change in temperature.
Wisconsin,: Fair tonight and
probably Tuesday; slightly warmer
in west and north portions tonight.
Iowa: Generally fair tonight and
Tuesday; slightly warmer tonight
in north portion
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-12
Street Features
THE SELLING or INDusrRTAIs.
By STUART r. WEST
tCcDyffght. 1e22D


The street was satisfied in the
main to attributs the decline to
general causes, namely to the over
bought conditions on the market
and to the fact that the pool specu-
lation OF last month had been alto
gether excessive But there were
also other reasons brought forward
In connection with some OF the
group declines. In explanation for
the weakness in most OF the oils
the talk was about the big surplus
IN the mid-continent Geld and about
the failure OF the increase In prices
to materialize. But private iiitina-
tons OF increasing competition In
the rubber and tire industry was
brought forward as a bear point
against these stocks.
THE REACTION In RAILS.
Railway shares, considering that
they were far behind the industrials
in the recent advance, have had an
altogether dispfoportionate amount
OF reduction. At today's low read
ing was of nearly 10 points from
its recent high, Rock Island OF 8,
New Haven s, Union Pacific and
Southern Pacific and Baltimore
and Ohio 5. The striking fact was
that in some of these instances the
entire rise of April and May was
cancelled. Southern Pacific was
back to where 1t was selling in
March, Union Pacific very nearly
the same, while Reading was four
points lower than the best is sold
TO rthree months. There is nc
palpable reason for railway stocks
having such decline so far as the
present earnings are concerned.
TOBACCO STOCKS.
United Retail stores with a
further decline today registered q
los sof 10. points from where it was
selling at the time-two weeks age
when the merger with the To
bacco Products was announced. AS
was pointed out then careful analy-
sis based upon the official state.
ment regarding present earnings
, and dividend prospects, made il
clear that on any basis OF exchange
into the new stocks retail stores
would be a decidedly risk pei
cent dividend possibly and above
20 was much over valued
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-12
Chicago Potatoes.

Chicago, June 12.-PotatOes slight
" stronger; receipts 101 cars; to-
tai United States shipments Lis
cars; Alabama, Louisiana, Oklaho-
ma sacked Bliss Triumphs No. l,
3.50m3.75 cwt; Spaulding Rose No.
l. 3.0063.2O cwt; Texas sacked
Irish cobbIers No. /, 6.75Q7.0O;
North Carolina Irish cobblers No.
l, 6.55.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-12
Chicago Produce.

Chicago. June 12.-Butter, high
err; creamery extras, 3515 @35A;
frsts, 3O9341k; seconds, 26@2S;
standards, 352.
Eggs: lower. receipts, 49,277
cases; firsts, 22@2212; ordinary
firsts, 2O@201a; miscellaneous 211a
@22; storage packed extras, "a;
storage packed firsts, 23k.
Poultry: alive, higher; fowls,
22h; broilers, 32@40; ROSTERS, Is.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-12
Horses and Mules.

Horses: good to choice drafts,
S155@$1S0; good eastern chunks,
SSO0$115; choice southern horses,
S4O@$80.
Mules: 16 to II hands, S175@
$3.50; Isl to 1853 hands, $500
1925; IA to Is hands, S60@S90.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-12
New York Sugar.

New York, June 12.-Raw sugar,
easier; spot and July shipment
Cubas 3 cents cost and freight,
equal to 4.61 for centrifugal.
Refined, steady, unchanged to 20
points higher; with range for fine
granulated still $50 to 500.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-12
New York Money,

New York, June 12.-Call money;
firm. High, 31a; low, az; ruling
rate, 3; closing bid, 3; offered at
31a; last loan, 81 per cent.
Call loans against acceptances,
212 per cent.
Time loans: steady; so days, 4;
80 days, 414; six months, 4A per
cent.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-12
Liberty Bonds
Local Stocks

Quotations furnished by A. G. Cochrane
Co., 309 Best BldgD
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-12
tRy the Associated Press,
Grain

Chicago Cash Gram.
Chicago, June II.
WHEAT.
No. 3 hard, 1.1S15.
Sample grade hard, 1.12-
No. northern dark. 1.52.
No. northern, LAG.
No. 8 northern, 100.
CORN.
No. 1 mixed. Gle.
No. 2 mixed, 60A oslo.
No. 3 mixed, 591ac.
No. 4 mixed, 5SQ5SAc.
No. mixed. 551z OSLO
No. l yellow, 6114 661c.
No. 2 yellow, 60% @6113c
No. 8 yellow, 59A660Ac-
No. 4 yellow, 571a@59Ac.
No. 5 yellow, 57@5Sc.
No. 6 yellow, 56@57c.
No. 1 white, 601zc.
No. 2 white, 60a4 661Hc.
No. 8 white, 59& 060Ac.
No. 4 white. 571z659Ac.
No. 5 white, STA @57&c
No. 6 white, SIC.
Sample grade. 53955c-
OATS.
No. 1 white, 39Ac.
No. 2 white, 36A @39Ac.
No. 8 white, 35637hc
No. 4 white. 341a@35c.
OTHER GRAINS.
Rye: No. 4, 8614c.
Barley: 5S@67c.
Timothy seed: 4.00G5.50.
Glover seed: 12.00020.00.
PROVISIONS.
Pork: nominal.
Lard: 11.25.
Ribs: 1250@13.50.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-12
Silver.

New York, June 12-Foreign bar
silver 711Ac; Mexican dollars, 45sc.
, 1922-12-22
CLEMENCEAU PLAYED FOXINSTEAD
OF TIGER IN FIGHTING NEWSPAPER

what Mr.. c-lemenceau con,d do.
About ten days later the sane war
office clerk turned up with a bit OF
really startling news. for which he
paid five hundred francs. Ap-
parenty a French post had been sur
prised by the Ton.unesa and owing to
lack OF proper precautions had been
annihilated. a wen-known colonel
md several staff officers had been
killed and mutIlatsd. The Aiatin
t~hereupon published the news IN its
morning edition without making any
reserve
That afteroon Mr. C,emenceau rose
in the chamber OF deputies and stated
that 4 certain paper controlled by an
American had published some grossly
false news which would create n do.
testabie effect oil over the country.
He stated that the pnst which was
supposed to have beer zxtermlnated
had in reality nevA- been. attacked
and that b cable had informed him
that the supposedly killed Officers
were doing well at Hanoi. the Tonkin
capital. He further demanded tina;
this m~endacsous American disturber
be Immediately expelled from France
and his paper suppressed.
Things looked pretty blue for my
father. Luckily. Mr.. wa-deck Rouz