davidaulloa/AmericanStories huggingface dataset:
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-10-12
U. S. Enterprise Opens
St0ckyard in Mexico

Mexico City, Sept. 29-Approxi-
mately 1000 head Of cattle. hogs.
sheep and goats are killed for meat
in Mexico City daily, and OF this
number at least % percent are inn
ported from either the United States
or Argentina. Seventy percent Of the
imported stock comes from the
United States, usually four days by
train from the border, and the re-
mainder is brought from South
America on steamers that traverse
the distance between Buenos Aires
and Veracruz in II days. In view of
these figures J. F. Primm and Lee
Russell. both well known to cattle
men Of the southwest. are just COM
pleting q stockyard here which at
present has a capacity OF 1900 head
of stock and can be enlarged as
necessity demands.
The stockyard. the FIRST OF the
kind ever established In Mexico on
modern plans. adjoins the city
slaughter pens and a working agree
ment has been made whereby all of
the city kill is first received in the
local yards and there prepared for
market. Cold storage is an unknown
thing in Mexico. the natives prefer
ing their meat fresh killed, but ac-
cording to Mr. Primn1, who is in ac-
tive charge Of the yards. a storage
plant will be started as soon as the
other enterprises are safely on their
feet.
The inauguration Of the American
owned stockyards is said by Its back
ers to be the forerunner OF an earn
est attempt by United States stock
men to replenish the Mexican herds
that have been depleted by years Of
revolution. A branch of the Pure
Bred Live Stock Association Of the
United States has been established in
Nexico City and Is Offering its serv-
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-10-12
Boston Produce Market

Boston, Oct. IL.
BEEF-Choice whole cattle 1919.
BUTTER-Extras 45@454; firsts So
@43.
CHEESE-Frcsh choice 25a q 60:
firsts 23G25.
CORN-No. . yellow SSGS9
EGGS-Nearby hennery brown ex-
tras 70@72; white and mixed extras
sc M6S.
FLOUR-Spring patents, 196-lb:
sacks. special short IT'S $500; standard
675G740.
HAY-No. 2 timothy PAGES.
LAMB-Spring 20@26.
OATS-Fancy 40 pounds 5SG5 50.
PORK-Medium backs 2S75M 1000.
NEUTRALITY-SUSPICIOUS. 175G225 per
hundred pounds: new Maine l1o@12o.
SUGAR-Amercan Sugar Refinery
quotes CTS cents in hundred barrel lots
less per cent. for cash.
NEAI-GGl %
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-10-12

t"HERE is considerable discus
+! sion and difference Of opin-
F., = ion As to whether another
period Of credit imitation and ris-
ing prices is in sight. The prices
/ Of many commodities are tending
upward, wage advances signify
higher industrial costs and the vol
, ume of bank loans is now increas-
ing. What is the difference between
legitimate and wholesome expan-
sion and the unhealthful state
which is called inhation1
If comparison is made with the
situation before the war, conditions
are now inflated, but this is not
chargeable to the slight expansion
which has taken place in the last
few weeks. Prices have had very
considerable fall from the top, and
a slight recovery from that fall,
but this gain cannot be called sec
ondary imitation. 1t looks like the
recovery that always comes when
the old stocks are exhausted and
industry gets fairly under way
again. The fall of prices was un-
even and in some cases too pre-
eipitate, and the curtailment of in
dustry was too great to permit Of
supplying the necessary demands.
Although the wartime was any
thing but period of depression,
some Of the effects were similar to
those resulting from a period Of
depression. Industry in some lines
fell behind the normal growth Of
the country creating deficit of
supply, or accumulation Of demand.
This is true in BODYBUILDING, in
the construction of railway equip
ment, and in some other lines, and
revival has occurred in those
lines. 1t is due to imperative
needs, rather than to a belief that
the bottom has been finally reach
ed in construction costs, although
the feeling doubtless prevails tat
prices are not likely to 60 lower
until the existing shortage is in
large part made up. The advance
OF wages is due in part to the re-
vival Of industry, but in large part
to the immigration act.
1t is quite evident that abnormal
conditions in some of the indus
tries are directly influencing prices
at this time. The rise Of iron and
steel is mainly due to the coal
strike, which has affected all indus
trial costs.
There is nothing about the atti-
tudc of buyers of general merchan-
disc that indicates desire to an
ticipatc future wants. They are
buying cautiously, for immediate
needs only, and fighting advances,
which is just the opposite OF the
common attitude when imitation is
under way.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-10-12
Chicago Cattle Market

chicago, OCT. IL.
cATTLE-Receipts $4,000; native
beef steers and western grassers gen.
orally steady: trade slow; runs slow
in arriving: top matured beef steers
1880; numerous strings at 1915; best
yearlings 1926; bulk native beef steers
BOOBIES: flesh condition of western
Veal calves strong to Is higher; heavy
calves show most advance; other
classes largely. steady; bulk bologna
bulls around 425; bulk beef cows and
heifers 425@700: bulk desirable veal
ers to packers around 1850: bulk
strong weight grass calves 650@750.
HOGS-Receipts 10000; generally 10
to 20 lower on lighter weights; closing
weak; packing sows steady to strong:
bulk $50 to 220-pound average 960G
975; few choice 225 to 250-pound
butchers 9s0Q9s5; top 9s5 one load:
40 to l55-pound average dull. mostly
935 q 955: bulk packing sows 775@ S35:
desirable pigs mostly 900; estimated
hodover 10000.
sHEEP-Receipts $1,000: fat native
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-10-12
House Shortage
Rome Relieved
By Subsidy

Rome Sent. Fl The house hung
er.,Ipas the lack ~ dwellings In called
In Italian. is increasing In Rome.
According 10 n statement by Dr.
Eaimondi. Municipal Councillor.
Rome. city 81 $50. 900 Inhabitants.
needs 100000 more rooms TO house its
population.
The surplus of people II now iiv-
Ing in unhealthy and immoral con-
ditions. DR.. Rnimondi says. There
are some quarters ~ the city where
each room is occupied by from six
tAelght people in the greatest prom
iscuity, and nj Porta Mctronia. one
OF the poorest districts Of Rome. Is
persons are living IN three rooms.
Also NJ the very gates Of Rome =
portion OF the population has revert
ed 10 the troglodytic period and lives
in grottoes excavated In the hills.
while others have built straw huts
to house their families.
This state Of affairs IL q conse-
quence Of tho war ON account OF
the rise in the price OF building ma
terials, the construction of houses
ceased practically entirely for about
eight years. The government has
tried To meet the situation by ap-
Iropriating SO0,o0o.Oo0 lire (at par
SiG0.o00,0oo) 10 be loaned at three
per cent. To workmsn. civil servants.
etc. for the purpose 81 home build
ing. Such an amount however. Is
not enough. according TO DIR. RAT
mondi. for II provides only for the
construction Of about 10000 rooms.
This. together with 10000 rooms
which are being built by private in
dividunls without state subsidy.
makes total OF 10000 rooms. leaving
$4,000 more 10 be built within the
next three years. A further subsidy
OF 600,O00.00 lire 10 being nsitatcd.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-10-12
Boston Wholesale Market
Review
For Week Ending October 10, 1872
Fruits and Vegetables


Trading has been quiet the past
week, with plentiful supplies and
downward price trends on many
lines. Native: Apples plentiful and
weak at s1.00-s125 a bushel box for
Baldwins, and s150-s250 for Nc
Intosh. Green and wax beans SOC
higher at s3.00-$4.00 a bushel. Beets
unchanged at $1.25-S15O a bushel.
Cabbage 25c lower at s1.0O-S125 a
barrel. Carrots lower at 75c-s125 a
bushel. Cauliflower lower at 75c-
$l.00 box. Celery unchanged at
S2.OO-S2 80 Tor white and s250-S3.00
for Pascal Eggplant higher at s1.50-
$1.75 box. Lettuce lower at 25c-75c
box for ordinary lettuce and S5c-
si.O0 for fancy lettuce. Parsnips
lower at s1.25-$1.5O a bushel. Pep
pers steady at 75c-s 1.00 box. Spin
ach weak at 65c-75c a box. Blue
Hubbard squash lower at 21ac-3c
pound bulk. Tomatoes slightly high
er at s2.50-s4.00 a box. Shipped in:
Maine Mcintosh apples steady at
$5.0O-$6.50. but Wolf Rivers weaker
al -vS'fo DdTIel. SdlIloTHld
Casaba melons steady at 2.50-$2.75
a crate. Massachusetts cranberries
dull at $4.00-s4.50 per half barrel
crate. New York and Michigan Con-
cord grapes in heavy supply and
lower at S0c-90c per IL qt. basket.
Onions lower at $175-s1.9O per 100
Id! bag for best Michigans and mostly
s1.oo-$1.25 a bag for Massachusetts,
stock. New York peaches about
done. selling at s1.25-s1.50 a bushel
basket. New York Kieffer pears
i.00 a basket. Ounces lower at
$1.00-s1.50 a basket. Maine pota-
toes steady at s1.oO-$1.20 per 1o0-lb.
sack. Virginia sweet potatoes steady
at $2.00-s2.25 a barrel. Canadian
rutabaga turnips weak at s125-s15o
per 140-lb. bag.
Dairy and Poultry Products
Butter market continues firm with
a tendency towards higher prices on
all grades. The preliminary cold
storage figures released last Friday
show heavy reduction for the
month Of September and as a result
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-10-12

FURNISHED to the Kennebec Jour
nal through the courtesy of J. A.
Carnage e. Co., Of Augusta and Water
ville.)
Washington. Oct. 1.-The volume
and movement OF freight by the rail-
roads is approaching a new record
point, 1t is indicated in official reports
to the Interstate Commerce Commits
sion.
More than 100000 cars will be
loaded and moved each week during
the next few months. it is predicted.
II shippers continue to offer freight at
the present rate of increase.
The largest number of cars loaded in
any single week in history was 1915
500. This record was set up in the
week ended october Is, 1920. 1t has
never been equaled.
More than 100000 cars were loaded
every week during September the total
reaching $4,000 cars in the week ended
Sept. 90. This is within four per cent
OF the record OF 1920. boom year.
Officials Of the railroads and of the
government predict that the 100000
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-10-12

a bullish tendency is noted. Quality
OF fresh arrivals Is showing much
Improvement and there is more of
the better grades available. West
ern extras 45c, northern extras as
sorted sizes spruce tubs 4o12 -46c.
Cheese trade has been rather quiet
the past week with prices advancing
slightly. Dealers express consider
able confidence and are holding firm
to their asking prices. Sales re-
ported were mostly on smaller lots
Of fresh goods. Some held cheese
moving at prices about on par with
fresh. York State Twins 25c-26c
single daisies 24c-24Ec, Young Am
cricas 2412c25c. Egg market hold
ing very firm with more of the better
quality goods available Ordinary
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-10-12

a n d h o m E.
ownership in
the history of
our country.
This is impor-
tant because
these activities
signify wide
spread prac-
tees Of thrift.
Thebuildingof
homes means
the creation of
new wealth,
coming either
directly or in
directly from
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-10-12

receipts selling very slowly 30c-32c.
firsts 45c-45c, extra flrsts 46c-50c,
extras 5Gc-57c, trades and dirties 22c-
24c, April refrigerator first only mod
crate movement around 29hc-30hc.
extra flrsts sic, nearby hennerys 45c
coo, fancy browns up to sac. Dressed
Poultry market firm with shortage
Of heavy fowl and small broilers.
Heavy fowl (4h-6 lb. average) sc
35c; chickens (3-3i. Id. average)
2Sc-31c with heavy chickens up to
lbs. around 35c. 3roilers 32c-35c.
Live Poultry receipts are light with
the market firm on choice fowl Fowl
22c-26c, chickens 2lc-24c, Leghorns
1Sc-20c
distributed through the Boston
Office OF the United States Depart
ment Of Agriculture. Bureau Of Ag-
ricul.ural Economics, 400 Atlantic
aVenuc.)
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-10-12
New York Money Market
New York. Oct. II.

Foreign exchange firm.
Great Britaiip; demand 1914, cables
France demand 1854. cables 1871.
Italy. demand 4.27l. cables 4.2s.
Belgium. demand 6.?5a. cables sos.
Germany. demand .03 3-16. cables
o3a.
Norway, demand 17.S2.
Sweden. demand 1868.
Denmark, demand 20.1S.
Switzerland, demand 1872.
spain. demand 1922.
Greece, demand 2.70.
Poland. demand .02l.
Argentine. demand $500.
Brazil. demand 1852.
Montreal. 100 3-32.
Call money easier; high 81. low ~.
ruling rate 81. closing bid II, offered
at 5. last loan ~.
Call loans against acceptances S.
Time loans firm; mixed collateral 60
80 days 4AG4s; as months 4aQ5.
Prime commercial paper ~.
Ann. T. & T. CIV. Is ........... liza
Atchison gen. a. .............. S9s
Central Leather SIS ............ 9SI
c.. r. l. & +. fdg. IS .......... IS
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-10-12

lambs opened steady. closing weak:
top natice 1885 to city butchers and
shippers. 1850 to packers; bulk 10000
1850; culls mostly 5000 $50: fat west
ern lambs slow. weak to shade lower:
10 cars choice Idaho lambs 400 with
6G7 out: other westerns to killers 1865
q 3S5; feeders slow. about steady; five
doubles J5-pound western feeding
lambs 1850; sheep scarce. steady;
heavy fat ewes $500 400; lighter
weights up to $50.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-10-12
Conditions Favorable to Initiation

1t is true that conditions are very
favorable to All imitation of credit.
We have great number Of indie
pendent banking institutions, act
lively competing with each other
for customers, and the most effec-
tive way that has ever been found
for winning customers is by lib
crafty in granting credit. These banks
have liquidated a great amount Of
credit in the last two years, and
while they have shifted a large
part of it into securities, they will
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-10-12

be glad to sell the securities IS
fast as the market will take them,
if they can employ the FUNDS 10
the service of their banking Gus
toners and to bring new Gus
toners.
Furthermore, the Federal Reserve
banks are now liquidated down to
very small holdings, with their
gold reserves at the highest point
in their history. and have the ca
pacity to grant more credit than
ever before. And. finally, gold is
steadily flowing to this country
from the new production OF the
world, and will continue to do so
as long as exchange rates are in
our favor as now.
These are the conditions that
make for easy money, and we have
never yet had easy money in this
country that imitation did not come
out of it. There is no such central
control over bank credit in this
country as in countries where the
banking business is handled by a
comparatively few corporations
operating numerous branches. The
Federal Reserve banks have no
control over the member banks
until the latter begin to rediscount,
and then only by means Of the dis
count rate. and popular pressure is
always strong for a low rate.
There seems to be nothing in
sight to save US from imitation but
an indisposition OF the public to
borrow. The mere presence Of
ample gold reserves in the vaults
of the Federal Reserve banks will
not cause imitation. 1t only serves
as the possible basis. Somebody
must borrow the available credit,
and use it in buying things to such
an extent as will produce the con-
ditions that characterize imitation.
Reasons for Caution
One reason for doubling that
the country will swing readily into
another inflationary jamboree is that
so little time has elapsed since the
last one.
There would seem to be reason to
believe that most Of the business
men who passed through the ex-
periences of 1920 and 1921 will
want to make a very careful study
of probabilities before they commit
themselves to extensive obligations
on a level. Of prices much above
the present one.
AS an answer to the argument
that the importations Of gold make
for imitation, it is to be said that
it would be most uf1wise to build
a great fabric of credit on a tenn
porary foundation. If this influx
OF gold should put prices up, BY
the same logic an efflux Of it woult
put them down. Nothing can be
more certain than that the pres.
ent situation, in which gold came
to the United States last month
from 81 countries, is abnormal ant
cannot be permanent.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-10-12

have been the product of abnormal
conditions, while the price-level Of
pre-war times was the natural re-
suit of the free-play of all economic
forces over a prolonged period, and
nothing is more certain than that,
given similar conditions perma-
nently, economic laws will tend to
repeat similar results.
Wages and Prices After Civil War
One reason given for holding
that the old price-level never will
return is that labor has become
highly organized and never will
consent to lower its standard OF
living. 1t is also pointed out that
wages were not reduced to the
pre-war level after the Civil War.
1t is pertinent to say as to the last
argument, that prices were re-
duced. Wages depend at last up
on production, and if production
can be increased in the coming
years as it was after the Civil
War, so that goods are cheap
ened, consumption increased. and
the demand for labor thus increas-
ed, not only will there be no occa-
sion to reduce wages, but it would
be impossible to do SO even if labor
was unorganized.
Wages and Living Standard
On the other hand, unless pro-
duction is cheapened, the standard
Of living is not raised for the WACO
earning class by pushing up wages,
because the cost of living rises with
them. 1t is perfectly futile-fool-
ishly soto look for any general
improvement of social conditions
by merely raising wages in terms
OF money. To talk about it is
nothing but habit of mind.
There are no gains from raising
money-wages, except as there are
inequalities in the advances, some
groups of workers getting their
compensation raised at the expense
of others. Such benefits are nei-
Their general nor permanent, for
in the long run the economic law
will find way Of eQualizing con-
ditions.
A Sound Basis for Prosperity
If we accept the very substan-
tial revival which has taken place
this year as natural recovery from
an excessive curtailment OF indus
try in 1921, and a natural result of
progress made in restoring the
equilibrium between the several
branches of industry, by reduce
tons in some quarters and adj
vances in others; and if we cndea-
vor in spirit of harmony and CO.
operation to restore the equilib-
rum more completely, in order to
obtain such a free and full inter-
change of goods and services that
everybody shall be employed and
production shall be to the limit of
capacity, we may hope to have a
better year in 1923 than in 1922.
That is the method by which pros
perity is achieved.
On the other hand, If the public
; generally becomes possessed of the
| idea that boom is coming, and
is willing to ,borrow and spend
, upon that belief, it is possible that
a short course Of imitation may b:
run.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-10-12

A suitcase was dropped by an I'M
Identified man In Portland West
Commercial Street railroad yards
early Tuesday morning when PATROL
man Charles Dolan, suspccting that
II contained liquor. approached. The
man fed. The suit case was found to
contain mems wearing apparel Later
in the day c. H.. Cotton. who man.
ages store at Ssa Main street. west
brook. Identified the collection OF I'M
derwear and shirts as having been
taken from his store recently.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-10-12
Bankruptcy Petitions

The following petitions in bank
ruptcy have been filed in the United
States District court for the northern
division at Bangor: Alice A. kerst
Of Bucksport, milliner. Secured
Claims, $3.50; unsecured, s2,5S4.71.
Stock in trade is listed at 5000. The
unsecured creditors are largely bust
ness concerns in Massachusetts and
New York. Thomas S. Bouchard Of
Caribou. Secured claims, none; I'M
secured, s21S.0S. Mansur l.. McCar-
thy Of Limestone. Secured claims,
$G79; unsecured, S4S5. Real estate
Is listed at $500.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-10-12

Max 3. Striar Of Bangor, who es-
capped from a Bath deputy sheriff
within sight Of the county Jail Mon
day noon, has not yet been located.
despite concentrated efforts OF the
Portland sheriffs department.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-10-12

Evelcna Burton. a colored woman,
OF Senatobia. Miss. has raised q fam
lily Of II children. put two through
college. is sending two through now.
and she says that tho rest will also
go to college. She manages all this
by running a farm and selling her
products In Senatobla.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-10-12
Prices Over the Long Run

1t is affirmed very positively in
some quarters that the pre-war
price level has gone forever, and it
may be readily agreed that there
Is no prospect Of an early return to
it. The fluctuating prices that We
have had since the war, however,
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-10-12
LITTLE TALKS ON THRIFT

By S. W. STRAUS, President
American Society for Thrift.
IT is gratifying to note that the
: current year has proved to be
the greatest era Of home building
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-10-12
Current Business Conditions
Bv GEORGE z. ROBERTS

ON the Monthly Bank
The Washington times., 1922-05-26
CARPENTER is READY
TO TACKLE HARRY CREB

PARIS, May 26.-Georges Car.
pentier is ready to defend his title
of light.heavyweight champion OF
the world against Harry Greb as
soon as the best arrangements can
be made.
He is desirous Of showing Amer.
leans that, although beaten by a
heavier man. he can hold his own
with anybody of his weight in the
world.
In the absence of Francois Des-
camps. Carpenters manager, who
is away in the country, no reply
has yet been sent to the offer made
by Tex" Richard for a match be.
tween Carpenter and Greb for a
purse Of Sl50.OOO. the battle 10
take place at Boyle's' Thirty Acres
Jersey City, either in July or Au.
gust.
Carpenter said today that II was
his opinion no French promoter was
likely TO meet the offer OF Ricka rd
and that 1t was probable a fight
with Greb would take place in the
United States
The Washington times., 1922-05-26
Pretty Good Fighter.

"HAT'S the way we feel about
Harry Greb.
u After viewing the revolu-
tions Of the Pittsburgh windmill for
several years until we are almost
dizzy. we have come to the con.
clusion that he is a pretty good
fighter.
Fistlc technicians call him a
clown. They can point out more
flaws in his style than a pawnbroker
can find in the diamond you are
trying to hook.
But even the striCtest technicis n
has to admit that a comparatively
little fellow who can take on these
big burlies one after the other and
make them look like Joe MaEees
must have something beyond mere
clowninG.
The human pinwheel from smoke
town has great punching power
He mauls and claws an opponent
He goes whirling in. shedding wal.
lops in all directions. pushing and
showing. and pulling, and hauling
using his head and his elbows In