davidaulloa/AmericanStories huggingface dataset:
Imperial Valley press., 1922-06-20
LONG BEACH FIRE LOSS, 100000

LOS ANGELES, June 20.-Damages
estimated at 100000 were done by
fire which early today destroyed the
big fish packing plant of Giaconi &
Go. at Long Beach, according to word
received here. Cause of the fire is
under Investigation.
Imperial Valley press., 1922-06-20
RUTH YESTERDAY AND YEAR AGO

1921-Hit two doubles. in four times
up against the White Sox.
1922-Hit his seventh homer. Walked.
Famed. Famed.
Imperial Valley press., 1922-06-20
LEAGUE STANDINGS
PACIFIC; COAST LEAGUE
Coast Games Today

Portland at Vernon, Los Angeles at
Salt Lake, San Francisco at Sacramen
to, Seattle at Oakland.
Imperial Valley press., 1922-06-20
San Diego's
VERUGA
QUARRIES
offer an
immediate
OPPORTUNITY
to repeat this
Wealth Creating

record! It's holdings include 12O
acres near Warmers Hot
Springs credited by marble ex-
perts and eminent engineers to
be one of Americas most valu-
able marble deposits.
There is no Over-burden OF
waste matter covering this de-
post; Merchantable blocks are
quarried from the surface; this
eliminates high costs of quarry
ing, bringing production ex-
penses to the very minimum,
thereby adding to the profits.
The Veruga project in its present
form is not the result of week, a
month in effort, nor few dollars
spent, but rather of many months OF
hard work, close attention to details
and the expenditure of many thou
sands of dollars. 1t is not theory
nor experiment. Already a produc-
ing and shipping basis has been
reached! For this reason it presents
remarkable investment opportun-
ity for you. Mr.. Investor, profit by
the thousands of dollars and inten-
sive effort already expended to
bring this gigantic project to it's
present point of success!
The Washington times., 1922-04-23
AUTO OUTPUT
50 P. c. AHEAD
Of 1921 PERIOD
First Three Months of This
Year Shows 10000 More
Cars Than Past Year.

During past three months motor
vehicle production exceeded 100000
cars and trucks. or s5 per cent more
than the same period last year. with
every prospect OF even greater In
crease in the next quarter. accord
ing TO Alfred Reeves. general man.
ager National Automobile Chamber
of Commerce.
Wire reports from forty different
sections indicate that car and truck
sales are on the upward trend, which
indicates that this years production
will be substantially In excess OF
1921.
''The extraordinary strong busi-
ness which we are now enjoying T"
says Mr.. Reeves, comes first from
the fact that many cars were held
over last year that should have been
replaced with new cars; that stock
ing and buying during winter was
light; that demand for motor trans
portation continues pressing. and
the fact that general business Is con-
stantly moving forward. !.
Interviews with Government Of
ficials at Washington show every
prospect of easy money conditions
for the remainder OF the year; I'M
proving prices for farm products and
general upward turn of practically
all lines Of business. This latter has
had substantial effect on the truck
business which probably VIII make
proportionately bigger gains this
year than passenger car >prodoc-
ton"
One Of the important things which
has contributed to the return OF al
most normal conditions In the motor
industry is the fact that manu-
facturers promptly took losses dur,
ing the period of readJustment, and
priced their products on a basis com
parable with the buying power OF the
country.
The Washington times., 1922-04-23
Spring Building Boom
Starts i'm Appalachia

APPALACHIA, Va, April IA
housing boom has started here with
the coming of spring, which prom
ises TO surpass that of last year,
the greatest In the history OF Ap-
palachia.
X. K. Parker has let q contract
for a brick and tile residence to be
erected on Blondell avenue at a cost
of $4,000. Falin Brothers has let
contract for a two-story brick bust
ness building to be erected on Main
street, costing around s25,000. ]. II.
Wolfe, of Bristol, is getting esti-
mates on a two-story brick business
building to be built on Main street
next to the Grand Theater. to cost
around $4,000. DIR. ]. Belts has
let contract for a handsome brick
bungalow to be erected on Blondell
avenue 10 cost 5000. w. J. Smith
is getting estimates on a two-story
frame residence TO be erected on
Spruce street to cost approximately
$4,000.
The Washington times., 1922-04-23

The losses caused by strikes are
tremendous. Workers and capital.
ISIS suffer severely. No group of
citizens is entirely exempt from
damage. Why, then, does business
go on as largely as usual? The
question comes up repeatedly. The
answer is to be found just now in
the facts of the coal industry.
Attorney General Daugherty says
the coal strike is an almost con.
tinuous performance. More or less,
large or small, the strike is always
In progress. People get used to it.
For twenty years there has been
some sort Of strike every year in
the coal fields. The number OF
men out has varied-sometimes
only 10000 or 10000, sometimes
only 100000 to 450, 900, but, as Mr..
Daugherty says, there has been nc
period OF perfect peace. One author.
ity figures that in twenty years
previous to the present strike a
total of 1900 900 men struck a total
of $4,000. 900 days. OF course, this
is a statistician's statement; II con
tains many Implications; the same
men struck many times; that is the
reason for the staggering figures
But at that, the story of lost pro
duction to the public, lost wages tc
the workers and lost profits TO the
operators Is accurately told.
Business Goes On. -
Translated into money, this story
means many more billions that the
great British coal strike cost Eng
land last year. Yet business has
proceeded through the twenty years
more or less prosperously, and the
securities market has gone its way
without giving special heed. Whyi
Largely because, as Mr.. Daugherty
says, this particular trouble stayed
with us 80 constantly that II came
to be figured almost as a fixed
charge on industry, like interest or
bonds or notes at banks.
So Il has been with most other
strikes. For a year the writer has
received an incomplete report OF
strikes In the Chicago area OF the
Middle West. Aside from the build
ing trades controversy, there has
not been a week up to this date
when the small strikes hereabouts
did not show a total OF $4,000 &c
26, 900 men idle. II one figures tht
loss of production, wages and prof
it's, at the usual rates, one would
get a total annual damage of prob
ably $3.50, 900, 900 to 5000 zoo, 900
And this is to be charged to tn,
account of one limited area and 9
lot of strikes too small to be ever
mentioned in the newspapers.
A man who has just written a Dool
on the high cost of strikes says that
in 1919 there were some 1900 strikes
in the United States and that in ths
2, 400 Investigated the 1000, 900 strik
ers lost 100000 working days
Prof. jerks says that the cost o.
these strikes was s725, 100000 to the
The Washington times., 1922-04-23

what that sort OF proposal IoErcnfry
leads to; here IL a letter received
from Boonsboro, Nd:
Ford got his money Idea from me
and, he is right and you are wrong.
Every bond and savings stamp
or Government certificate should be
Cancelled here and abroad, paper
money issued instead, and a burden
Of more than two hundred billion
dollars of debt removed from the
world. Even our Panama canal
bonds should be called in and can
celed and paper money issued In
stead, as was done by Lincoln after
the civil war. More than $500, ,00O,.
600 of this currency is still in circu-
lation, and It has saved and Is still
saving US vast sums in interest on
bonds, which were issued for graft
and not for efficiency and pa
triotism.
Save billionsi
Germany can easily bring her
paper money to par in her own land
by incarcerating a few OF the
gamblers who are shaving It and
keeping them in prison without bail,
just as we would do here II anyone
shaved one of our dollar bills"
Why not make this last suggestion
to Russia? There the governing
powers make a speciality OF throwing
people into prison. II their trillions
and trillions OF paper rubles could be
made worth anything by falling a
few thousand people Ldlin and
Trotzky and their cohorts certainly
would not hesitate to do It.
The trouble is, however. It can't
be done.
ran across Thomas r. Wilson
this week, and Immediately tried to
pump" him about the Armour.
WilsOn-Cudahy merger talk. I'D
rather have your Views on the re.
port than give you mine" Mr.. vii.
son countered, smiling.
/ In view of the very severe losres
which all the packers have sustained
during the last eighteen months II
would not be astonishing should ef.
forts be made to bring about some
such combination as the one under
discussion. Needs must when the
devil drives" Necessity has often
proved a wonderful pathfinder. II
may possibly prove 80 in this in.
stance.
Certainly an organization having
y. OBuen Armour Ut lJS nea0 TO
guide, particularly, its financial des-
TIMES, and Thomas f. Wilson as its
president to direct it's business opera.
tions, would have a pre-eminent1y ef.
ficient pair at its helm. Mr.. Ar
mour has been described as 'the
ablest banker among the packers, {"
while Mr.. Wilson has ben described
as 1.-The ablest packer among the
packers"
The War Finance Corporation ad
mittedly has rendered yeoman serv-
ice in helping farmers and others
over financial emergencies. But Is II
not time to consider eliminating the
Government from this banking bust.
ness, now that both agricultural and
banking conditions are back toward
normal7
The Washington times., 1922-04-23

workers and $3.50, 10000 to the
capitalists.
A total of nearly $4,000, ,ooo, 900. or
the same as the cost OF the English
coal strike that almost wrecked Great
Britain.
II anybody wished evidence OF
Americas financial and industrial
strength he need hardly look beyond
the foregoing figures, for Americaa
has carried this particular load With
out collapse. In fact, American bus
mess has become so accustomed to
the load that the load is figured as
a regular factor in most business
calculations.
And yet IL is a load. Who denies
II? To get rid of IL Is the aim or
ambition of all sober workers and
decent capitalists. Even now, In the
coal strike, Congress is trying to
provide for Federal commission
to remove this costly fixed charge,
this permanent burden. from both
the employers and the employed I'm
the coal industry.
The Washington times., 1922-04-23

the largest OF wnlCn WVrT
of Illinois, $4,000. 900, and 'the city Of
Detroit, s5,546, 900 issues; $32 500
railroad; 100000 industriRl; $12.-
100000 public utility, and $59,750,0G0
foreign and miscellaneous. The sale
of listed bonds on the New York and
other exchanges were again on a
large scale, 'and, almost without ex-
ception, new high prices were marked
up in the speculative railroad and In
dustrial issues.
Developments in the money
market carried rates for loanable
funds to still lower figures, while
credit supplies in the banking insti-
tutions showed no signs OF diminu-
ton. The rates for bankers ac-
ceptances declined this week to the
lowest in all time, accommodation be-
ing available at as, while bankers
bills sold in the open market at 3A
per cent. Time money was marked
down to ~ per cent and call money
3h per cent in the inside market
and per cent outside.
Bank Clearings.
Bank clearings at leading cities of
the United States for the week ended
April 20, as reported TO Bradstreet's
aggregate S7,035, 4S5, 900, a gain Of
per cent over last week and Of 15.S
per cent over this week last year.
Outside OF New York the total is
s2,557. .295, 900. a decrease Of 1.S per
cent from last week but an increase
of 2.7 per cent over this week last
year. New York shows a rise OF 2S4
per cent over last year. Twenty
two cities report gains over last
year and twenty exhibit losses.
Chicago reports a gain of SIS per
cent, Philadelphia, "a per cent; Bos-
ton, 8.4 per cent; San Francisco, 80
per cent; Los Angeles, 161 per cent;
and Cincinnati, 3.8 per cent. Kansas
City reflects q loss Of per cent,
Cleveland, Is per cent; Detroit, 8 per
cent; Minneapolis, 11.2 per cent; New
Orleans, 3.S per cent, and Atlanta,
S.s per cent.
The general business situation Is
spotted, although there are instances
of a trend toward betterment, ac-
cordIng to the weekly trade reviews.
There was no change in Bradstreet's 8
food index No. as compared with
the previous week. Dun's list Of
wholesale prices showed fifty-four
advances and thirty-two declines.
The Washington times., 1922-04-23
Northern Neck Wants
Better River Service

RICHMOND, Va, April 22.-Cii'
zens Of the lower Northern Neck,
embracing the counties Of NOrthum'
berland, Lancaster and Richmond,
have asked the Richmond Chamber
of Commerce to use its influence in
bringing about a direct transporta.
ton connection between Richmond
and the Northern peninsula.
The project in mind is to have
the steamers of the CheBapeake
Steamship Company, which ply be.
tween West Point and Baltimore,
stop over at Fleeton, Northumber.
land county, for freight and passen.
gers to this city. Fleeton Is situated
on the Great Wicomico river, just
a half mile from the Chesapeake
bay and is at the very lower ex-
tremity of the Northern Neck.
The Washington times., 1922-04-23
PSHHaHR~ BUSINESS AND FINANCE ~5H2sa.&TE5nD
Securities Market Not
Affected By Strike
Twenty Years of Coal Strikes Looked Upon
AS Fixed Charge on Industry,
Experts Say.
By GEORGE w. HINMAN.

CHICAGO April 22.-Why isn't business more dis
turbed by the coal strike? Why does the securities market
pay so little attention to strikes in general?
The Washington times., 1922-04-23
Plan to Construct Hotel
of 102 Rooms in WeIch

BLUEFIBLD. w. Va, April "a
The Carter Hotel Company Of
welch. which has Just obtained a
charter from the secretary of State,
has been organized for the purpose
of giving Welch a new hotel build
ing. This hotel, as now planned,
will have 102 rooms. Andrew f..
Lecl0ie has been elected president:
Graham Sale, vice president; ]. w.
Price. secretary-treasure and 8. r..
Carter. general manager.
The Washington times., 1922-04-23
Wheat and Cotton.

No less a factor has been our
wheat and cotton markets in the
ushering back of business prosperity
The price of May wheat after gyrat'
lrig to low levels during most Of this
month and last sold yesterday at
sI.47%, a price comparing with the
high point of s1.49h on February 27
For July delivery valuing In ad'
vance, the growing winter wheat
crop, the price OF s1.2S reported yes.
terday, came within one-quarter OF
b cent of the highest price Of the
season. The May price is the more
important because II represents the
markets measure of known facts,
whereas the July price measures
only expectations, which are as
likely as not to be fll-founded. Econo.
rnists have figured that this country
The Washington times., 1922-04-23
ciaL Reuieu
LEWIS.
New York Bankers.

rrencies Is now beginning 20 be
bservable. The marketing OF do
estic issues has gone ahead with
nusual success and the reduction
IN actual net cost OF interest which
Fhas taken place since the opening
of the year, although not quite so
noteworthy as in the case OF Gov.
ernment offerings, Is nevertheless
almost unprecedented. A singular
feature of the situation is found in
the fact that although business and
railway enterprises are thus appeal
ing with success to the investor,
their calls upon bankers for com.
mercial advances seem to be limited
and are increasing but slowly. The
result II TO leave the banks largely
free to uze their surplus funds In
call and time loans, while the lack
Of regular commercial business die,
tates to them the wisdom of so do
ing.
Better Agricultural Prospects.
Coincident with this improved out.
look in the industrial and financial
fields Is the better agricultural pros.
pect which has made itself evident
OF late. The steadily improving
prices for farm products are encour-
aging a substantial acreage and the
movement of products to market has
been more satisfactory for some time
past. What is still more favorable
is the fact that retail and wholesale
trade indexes are now showing better
purchasing power in many OF the
agricultural districts, while bankers
report a growth OF loan extensions
that indicates an abundant supply OF
funds for legitimate farming de-
mands. The fact that not only farm
prices but also wholesale prices In
other fields have moved upward, as
shown by recent index numbers, ap,
pears to suggest that they have now
reached approximately the turning
point in the shift from depression to
business activity. Agricultural prices
evidently passed that point some
time ago.
Market Review and Outlook.
The feeling Of uneasiness which
was 30 prevalent at the close OF Ia ST
week, owing to the markets rapid
advance, has given place again to
ono Of cheerfulness. The fact that
the market has been able to so readily
absorb the rather heavy liquidation
which has been under way only goes
to show that the general public ar.
eager to buy stocks when holders are
willing to make concessions, and this
Is always an important element In q
bull campaign. As frequently point
ed but. the factors affecting the mar
ket are altogether OF too construc
tive q nature TO admit of any psd
break taking place. This,o OF course
does not mean that after such n con
tinuous upward performance there
will not be danger of reactions. As a
matter Of fact, these are something
that must now be counted upon, thus
making the market more of two
sided affair than heretofore. Still
as the Improvement in business is
now 80 generally recognized. nine
people out Of ten firmly believe thai
while there may be resting spells
now and then, as the year progresses
prices will reach a higher level.
The Washington times., 1922-04-23
PHONE co. EXPANDS.

HUNTINGTON, w. Va, April ~.
The Chesapeake and Potomac
Telephone Company has awarded
contracts and started work on t2S4,-
900 of improvements at its local
plant. New conduits and six and
a half miles OF underground cables
will be laid. additional aerial cables
and wires will be installed and the
exchange win be enlarged.
The Washington times., 1922-04-23
Foreign Exchange.

Judging by the action d
markets for foreign exchange
conference at Genoa has not
Ms great a fiasco as some p
sn both sides of tn ocean
Judged. Lloyd Geroge has era
the whip in no gentle fashion
the backs of the Russian bear
The German juggler, and given d
new realization of their respd
bilities to themselves and to o'
nations in the general scheme
world rehabilitation. The need
bread and for outside trade
proven to be the best wea
against their hypocrisy and
plicity, and once again they b
been beaten at their own ga
The businesslike manner in WI
he reparation and financial C
missions have tackled the matter
international debts has given
rouragement to those who have
ways been more or less opium
On this question, and II Is extren
gratifying that the head or
house OF Morgan VIII paruclE
In the deliberations of the rep,
Uon commission In Paris.
hound sterling has advanced ain
steadily to s4.42. while the Ere
franc at .0s32, has risen nearly
per cent above last years rate. v
,treet was interested In the pre-
lion of a prominent London n
.bant Cformerly of Chicago) that
hound sterling would sell at s4.S
It's normal parity. before the
pf the year.
The Washington times., 1922-04-23
Wall Street and Stock,
Market Sc.
Wheat and Cotton
Tone and Ec|
Getti|
/ BY W.
Copyright. 1921. b,

NEW YORK, April
market have been promi
the past week, but they
worldwide economic al
easily marked an impor
Of the whole world back
From the standpoint of dom
business the week was one OF
most satisfactory OF the year to
IL was marked by the convenin
different times and places OF
boards of directors and stockhol
ef some OF the outstanding indus
ORGANIZATIONS of the country. an
whom the most optimistic sentir
has prevailed. Despite the coal 8!
the steel companies are operatin
higher capacity than at any
vious time In two years or NOR
the cose of the u. s. Steel CONF
lion amounting to rs per cent of
sapacity.
The week has produced soms
,portant developments in the oil
both in tho prospecting for an{
discovery OF new oil fields. al
the perfecting of the mechanis
the refining and transportation
crude material. Further deta|
the plans of the Government an
lain of the domestic petroleum.
panies for the development q
Teapot Dome in Wyoming has
made public, to the accompaT
Sf the usual vaporings on tn,
sf the political fraternity. The
san wires have abounded WI
ports of new gushers and salt
IN accordance with the menta
nations of the speculative
munity.
The New York herald., 1922-03-14
Activity Accompanies Advance.

The turnover In listed bonds yesterday
was the heaviest in many sessions.
Prices adhered to their upward trend.
gains for the most part being frac-
tional, but nevertheless several new high
record prices were registered, especially
among foreign government issues. in
Guiding Argentine 5s, Norway So and
Swiss Ss AT S5 Argentine 5s were up
points from Saturdays final Lowell The
F'ramerican Industrial 7ih per cents.
initially dealt in yesterday. were quoted
above their offering price of 80 from
the markets opening. suggesting that
investment absorption of the issue has
been unusually rapid. Sinclair ~ per
cent. notes moved into new high ground
above 103, the price at which they will
be redeemed on November 10 next from
the proceeds of the fifteen year per
cent. bonds just floated. Cuba Cane
bonds rounded out a remarkable re-
covery, the SIS selling above So up moro
than 0 points from last weeks low while
the rs crossed 81. There was heavy sell
ing OF Tntorborough Rapid Transit IS
sending the price down to 5S off about
points, or n total decline OF y points
from the high OF n few days ago.
United Kingdom securities were unset
tied by the further break In sterling and
closed n point or moro lower all around
American Telephone convertible bonds
moved up in sympathy with tho stock
which established new high price. The
convertible SIS advanced nearly 2 points
The New York herald., 1922-03-14
FRENCH RAIL ISSUE
WILL BE SOLD HERE
Negotiations Nearly Com
pleted for Offering of New
S3O,O00,000 Bonds.

Negotiations for the offering in this
market OF 100000 OF per cent.
bonds of one of the largest railroad
systems in France. marking the second
step in the introduction Of internationally
known securities in the New York mar
ket, are about completed. 1t is probable
that a leading international banking
house will complete its distributing syn
dicate in time TO offer them tomorrow
although the offering may be postponed
another day. They are likely to appear
at better than "a per cent. basis.
The time for French railroad bond
offering is ripe. The eight times sub
scription for the Framerican Industrial
Development Corporation issue indicates
investment response to a security offer
ing in behalf of France, which Is an
attitude much changed from that of a
few months ago. Complete details re-
garding the new Issue. which will con-
tain an exchange speculative feature.
adequate sinking funds. &c. must await
formal announcement.