davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-03-17
Easy Money
Strengthens
Stock Prices
Higher Quotations Regis.
tered Mainly by Indus
trial Shares; Railroads
Again a Shade Lower

New impulses of strength wcre ~,
parted to security prices yesterd.r ~,
''"i "eo oechhe IN the rental worth
"'oAeS' 10 great extent tho
"hoie rise in securities Of rocon,
weeks has been motivated bv the sh,u
oance OF credit and the prorrcss;v. u,
p'0Vement in the underlying bankinp
S''uauon' Credit easement and the
( ofy that substantial improvement. j.,
business lies ahead are the dr,vir,,
forces behind the swing in stock nr;ces
~n'ch' TO marked degree, has been
pu'motored by the operations Of noo,s
and individual professional snscn.
latorS The more recent phase of tbs
movement has been the heiehteninc of
outside popular interest in snecu,a-
'lon' The spectacle of rising prices.
the age-long lure, IS once from proving
effective.
mere Is n marked contrast to the
enthusiasm emansting from the trad
ing posts at the Stock Exchange and
'he data emerging directly from the
strongholds Of business. Annual re-
pofts-to large extent historical, il
Is true-chroriclc the effects of a year
OF severe depression in most indus
tries on particular properties. After
the market closed yesterday, in which
many stocks climbed to new high prices
for the year, two corporations-the
I TldeWater Oil Conrs,, oul A.. O..
Die Steel ompany-announccd that
they had passed the dividends on their
common shares. But the stock mar
ket operators are interested neither in
the past nor in predctablc results Of
past events; they are looking ahead,
seeking to discount an improvement
which the bulls believe is coming. The
equilibrium of the rev level of quota
tions therefore depends on to what ex-
tent this expectation is justified BY
the event.
! In the money market, although the
broad tendency is toward easement, the
marked superabundance Of funds yes
terday was attributable to temporary
factors in connection with the payment
of taxes and the retirement of Treas
ury certificates. Call money, which
opened and renewed at per cent, sub
sequently declined to per cent at the
Stock Exchange, and outside to 21a per
cent, the lowest rate since November I
8, 1919 Time money rates similarly
| declined and g. reduction of "a per cent
took place ir the acceptance market,
In the stock market the strength was
mainly in industrial shares. The rails
again were a shade easier, having been
affected by the decision Of the Great
Northern directors to put the stock on
a semi annual rather than a quarterly
dividend basis. The decision does not
mean that the per cent rate will
necessarily be cut; it merely gives the
board a few months more to deliberate.
| Among the industrial shares specu-
lators went from group to group seek
| ing stocks that had not shared proper
tionately in the recent gains.
There was further moderate re-
covery in sterling and in the Cont
mental exchanges. Wheat, seemingly in
a temporarily oversold condition, re-
sponded readily to speculative buying,
and prices closed 9 cents to 22s cents
a bushel higher. Cotton quotations de-
| clined 21 to 80 points.
New-York tribune., 1922-03-17
u. S. Mail Creditors Meet

Creditors Of the bankrupt United
States Mail Steamship Company rep
resenting about $750,000 in operating
claims which have been contested by
the Shipping Board on legal grounds
yesterday passed a resolution provid-
ing for sending representatives to the
Shipping Board or the proper Con-
gressional committee to attempt to
have their claims validated.
The Shipping Board some time ago
asked Congress to appropriate approxi-
mately $5,5OO,000 to pay claims against
the bankrupt company. 1t is from this
proposed appropriation that the oper-
ating claims creditors will seek reim-
bursement
New-York tribune., 1922-03-17
Broad View Of Foreign Loans


The number and character of foreign
Gently offered is accepted in banking
circles as evidence that the Admins
tration's request that it be given op-
portunity to review projected offerings
will not involve the enforcement of any
narrow gauged policy. Since the re-
quest was renewed in more emphatic
terms, loans foated in this market have
included, among others, bond issues by
a South American government, a Eu-
ropean colonial possession, a French
industrial and French railroad cor
poration, involving an aggregate OF
$1O7 100000. The bankers made no
statement regarding the governments
attitude toward these loans, but that
they were submitted to it in advance
Of Offering is taken for granted.
New-York tribune., 1922-03-17
Morrow in Cuha

Word was received here yesterday
that Dwight W. Morrow, of j. P
Morgan Co, returning from Panama
had arrived in Cuba. This iinmediatelp
started rumors that the much talked of
S50,000,000 Cuban loan was under
negotiation, but bankers here said that
they had no information indicating
that this was so. Mr.. Morrow is ex-
pected to meet President Zayas and
other officials Of the Cuban govern
ment while on the island, and as re-
suit of these discussions that basis
for negotiation may be reached. There
have been no meetings to discuss terms
of loan of bankers who are expected
to participate in it's distribution.
New-York tribune., 1922-03-17
I'm Wall Street
WilIys-Overland Bank Loans

Since conspicuous interests in the
ys-Overland Company object to the
plan for longtime financing, steps are
being taken whereby the St6.5oo, 600
bank loans of the company, recently ex-
tended to May /, will be further ex-
tended until November Of this year.
The bank creditors committee ia re-
ported at "A meeting this week to have
outlined program, acquiescence in
which by the company, involving sew
eral conditions, would furnish the basis
for such extension. Approval Of the
plan by both the company and the
banks interested remains to be OBJ
tanned, it is understood.
New-York tribune., 1922-03-17
Martin Parry Contract

Negotiations have been completed for
a five year contract between the Mar
tin Parry Corporation and the Edward
Hines Lumber Company of Chicago in
Yolying a supply of lumber for Martin
Parry bodies. The contract, it was
announced yesterday, calls for the
Miss, one of which will be used for
the finishing and assem- bling Of base
and top units. Considerable saving is
expected to be effected by Che cooper
ative building plan provided for in tho
contract.
New-York tribune., 1922-03-17
Tank Car Surplus $1,l5Ay614

Surplus Of the General American
Tank Car Corporation for the year
ended December 81, after depreciation
and Federal taxes, Of S1,154,614, com
pared with surplus in 1920 of $f,733,-
S04. Net earnings amounted to $685.
4o4, against S2,94l,3 in the preceding
year. o.
New-York tribune., 1922-03-17
Acceptances Lower

An incident Of the day in money
circles was a general lowering of the
rates on acceptances, dealers bidding
per cent and putting the selling rate
at 37s per cent. The move was de-
signed to attract an increased supply
of bills to meet the current heavy de-
mand that has pretty we'll cleaned out
portfolios, but was said after the close
Of business yesterday not to have been
Immediately effective.
New-York tribune., 1922-03-17
Oil Taxes Segregated

The Obregon administration has
segregated in special repositories the
funds received in payment of the oil
taxes, which under the existing agree
ment are to be applied to the external
debt While it is known in the finan-
cial district that none of these moneys
is being used in connection with the
current requirements of the Mexican
government, the understanding is that
their use for the purpose specified has
not yet been undertaken.
New-York tribune., 1922-03-17
Money and Credit

Gail money opened and renewed yes
terday at a per cent, the rate shortly
being reduced to 31s, and before
o'clock. to per cent. 1t marked the
first appearance Of the per cent rate
on the Stock Exchange since Jan. 10.
Loans were freely arranged over the
counter during the last half hour at
211 per cent. Offerings of time money
were heavier than on any previous day
of the year, causing an abrupt down
ward revision of rates. Money was put
out irrespective Of whether collateral
was all industrial or mixed at AZ per
cent for thirty days, Az per cent for
sixty days and 4s4 per cent for ninety
to $50 days.
New-York tribune., 1922-03-17
Paris Market Improves

PARIS, March 16.-Prices improved
on the Bourse to-day. Three per cent
rentes, So francs Is centimes; exchange
on London, as francs Al centimes; 5
per cent loan, 7S francs 95 centimes.
The dollar was quoted at II francs 141a
centimes.
New-York tribune., 1922-03-17

Bank Clearings-Bank clearings at
New York yesterday were Exchanges,
1915 100000; balances, $94,9oo,ooo
Silver-London, 33Ad; New York.
domestic bar, 9e3sc; foreign, 64%c;
Mexican dollars, 49c.
New-York tribune., 1922-03-17
Coppers Heavily Bought

Active speculation finally got under
way in the copper stocks yesterday and
Anaconda, Utah, American Smelling &
Refining and Tennessee, either equaled
or bettercd their high prices of the
year. Interest, however, was centered
chiefly in Anaconda and Utah not only
because of the improved outlook in the
copper industry, but also in view of re-
ports that speculative pools have been
formed in both stocks. The past week
has been marked by an excellent ex-
port business, which has overshadowed
domestic sales. 1t is estimated that
the Copper Export Association has al
ready sold this month over 40,OOO,O0O
pounds. while domestic sales for the
first half of March are believed to
have totalcd 100000 pounds. The
prices realized OH the foreign business
are understood to have been better
than could have been obtained from
local buyers. The demand has been
we'll diversified among the European
countries and the Orient.
New-York tribune., 1922-03-17
The Dollar iii Foreign Exchange

Foreign exchange rates ruled frmer
Yesterday in the. European list and
small gains we're made. Gable rate:
on London showed an advance of u OF
a cent at S434ls ct the close. Contl-
nentals averaged slightly higher.
Rates on China were stronger, while
changes in the South American lst
uern small.
New-York tribune., 1922-03-17
transactions Yesterday in Listed Stocks
onmmary of Stock Exchange DEALINGS

wy IL nN IVY, New YorN Tribunc Inc
The Rock Island Argus and daily union., 1922-11-04
FUNDS
TOTAL $51,950
Rock Island District Pledges s17,.
6s7 Direct 10 Moline Institution;
Expect $1,000 More.

The Lutheran hospital appeal
committee reports $20,1O7 which in
.cludes $17,627 pledged by the Luth-
eran churches of the Rock Island
district; S1.O65 from the hospital
circles: $3.50 from Augustana col
lege students and other scattering
pledges from Rock Island and near
by communities. No reports were
available today Of the canvass in
Moline.
Outside Of the Rock Island dis
trict, the appeal for both Angus
tana hospital, Chicago, and the
Lutheran hospital, has brought
$31, 1,844 in pledges and it is estimat-
ed that at least $4,000 of this will
come to the Lutheran hospital. Mo-
line, although the appeal commit
tee has not counted that in the
total thus far pledged.
The total raised in the Illinois
conference hospital appeal is SAL
4s9 and other pledges made out
side Of the churches raise the total
to $51,951. The pledge of the
churches of the Illinois conference
by districts is as follows: Gales
burg, $2,023; Paxton, $4,177; La
porte, $3,552: Rockford. S5,340:
North Chicago. $1.326; South Chi
cago, $4.179; West Chicago, $2.9O2 ;
Cadillac, 1888; Rock Island, $17,-
GET.
The Rock Island Argus and daily union., 1922-11-04
Pelsonal Peilsfs

s.
Mr.. Paulina Schroeder <and hSs
dsuUAtsr. Cladys. have gone to st
retsrsburga Pa, to epend the vim
ter with their daughter and sister,
Mrs.. e. C. Thrasher.
Miss Elizabeth Moulton Of Fort
Smith, Ark. In the houseguest Of
Mrs. 8. A. Virgins Of the Weishaf
apartments.
Mr.. and Mrs. r. c. Wagner Of the
Avalon apartments. left today foz
Cincinnati, Ohio, where they will
make their future home. Mrs. Wag-
,ner was Miss Pulma Boulton be-
fore her marriage q few weeks ago
Dan K. Brennan. 1900 Twenty
third street, has returned after
spending 4 week in Chicago On
business.
Mrs. Will Ellis and daughter
Betty Jean Of Litchfield, are the
guests CT the formers aunt, Mrs. J
G. Ray, 1890 Twentieth street.
Mr.. and Mrs. William A. Becker
Of Chicago and Miss Naomi Core
wall, Mrs. c. E. Watson and julius
Helpenstell of La Grange came =
Rock Island to attend the Becker.
Helpenstell wedding today.
Mr.. and Mrs. Robert A. Moss
Glenhurst apartments, are the par
ents of boy born last evening.
The Rock Island Argus and daily union., 1922-11-04
ACCUSE GIRL IN
WA|TTEN TRIAL
Charge Ruth Hill, 1S Threatened
to Drown Another Unless
She Testified.

Peoria, ILL.,, Nov. 4.-That Ruth
Hill, 15-year-old girl plaintiff,
dragged a young girl to south
side park swimming pool and
threatened to drown her il she
would not testify against Harry
Whitten, alleged love school" pro-
fessor, was the charge made in the
opening statement of the defense in
the trial of Whitten in circuit court
today.
Whitten, aged 40, and former
school teacher. is under Indictment
for seducing three young girls and
is now on trial for an alleged at
tack on the Hill girl. Following
the opening statement Of Bernard
Kelly, defense attorney, Judge T.
n. Green dismissed the jury until
Monday morning.
Whitten. after his arrest on the
charges of seducing young girls
fed to Minneapolis with a 14-year-
old Peoria school girl and they
were married there. The two later
were found in Duluth, Mimi, and
Whitten arrested.
The Rock Island Argus and daily union., 1922-11-04
CITY GOLFERS
BULGE after !
LIQUOR RAIDi
Three WeekS Activities Net ~.
$1OyOo; Some Are Sent h
Jail. !

From Oct. Z to Oct. 81, ss ds,.,x
ants to liq pr charges were hssss
in police court and I3 in conn,l
court Figures compiled By ~
eral Agent Joe Prendergas, shSs,
that 80 in police court paid iIncs y,
sS06 20 each. aggregating Ss.Ssf n
Eight were held~to the grand in,s
six took appeals to the circuit coss.
and nine cases were dismissed hns
was admitted to probation. M
were sentenced to so DAYS in III
each, one 30 days and another iH
days. One paid a fine of SIC a -
another S11.40. One who N.
ordered to pay a fine of $30s, 40 IA
town and has not been heard ffos
since.
In the county court seven ~.
committed to Jail for terms rsn,.
ing from so to 120 days and all mi
one were fined 500 and costs a Il
which aee yet to be collected On
case has not been disposed o. ~
five were continued with defendant,
on bonds of $4,000 each.
From Oct. Z to Oct. 81, 20 stin,
were captured by Federal Aseut
Prendergast working In conjute.
ton with the sheriff's office. Dufint
the summer the sheriff's ofirs
turned over to Bethany home ap
proximately 1.100 pounds OF sunr
confiscated in raids. About a,OsO
pounds of sugar is now on hand il
the Jail waiting transportation ID
the home.
The Rock Island Argus and daily union., 1922-11-04
EDWARD CHURCHILL
HIT BY ZIMMER. CAR

Edward Churchill, aged 81 years
was severely injured at 6:30Io'clock
last night when he was struck by
an automobile driven by L. h. Zinl-
mer, 1909 Tenth street. Mr.
Churchill sustained wrenched
knee and was badly bruised about
the body.
The accident occurred on Four.
teenth avenue and Eleventh street.
Churchill was waiting for q street
car which was about half a block
away. thinner was driving a short
distance behind the street car and
in his effort to dodge a boy who
was hanging on to the side Of the
street car he ran into Churchill
and knocked him to the pavement
DR.. Joseph De Silva was called and
Churchill was removed to st. An
thongs hospital. No serious iniur.
les were incurred by Churchill al.
though he was badly shaken up BY
the accident.
The Rock Island Argus and daily union., 1922-11-04
fire TEACHER
WHO BEAT BOY
Merle Callison, Dewitt, ILL.,, Whip
ped by Earl Pennington Until
Unable to Stand.

Clinton, Ill.,, Nov. Acting upon
the complaint Of John W. Callison.
Dewitt county banker, that his son
Merle, a fifth grade pupil in De-
Witt school, near here, had been so
severely beaten by his school
teacher that he was unable to
stand on his feet, the Dewitt dis
trict school board today dismissed
Earl Pennington and took his
teachers certificate from him
Merle Callison, it is said, was
caught passing a note to a school
mate, in class time, in violation OF
school rules. In disciplining the
boy it was complained that the
teacher beat him about the back
and arms until he was unable to
stand and left him badly bruised.
MIR. Calison .swore out a war
rant for Pennington's arrest. He
appeared in a justice courtNtoday
and provided $500 bond for appear
ance next week.
The Rock Island Argus and daily union., 1922-11-04
MAN HURT WHEN
CAR HITS CYCLE
Clarence Gemeinhart, on Bicycle, Is
Dragged by Auto Driven
by Moline Man.

Clarence Gemeinhart. 1101 Sec
ond street, was badly bruised about
his right eye and his head when
the bicycle which he was riding
was struck by an automobile q
5:35 o'clock yesterday afternoon st
Twenty-sixth street and Filth
avenue.
The automobile was driven BY
Peter Bjorkland, $40 Fifteenth
street A. Moline, and according to
Gemeinhart's story of the accident
Bjorkland's car struck the bicycle
from the rear. Gemetnhart said
that he had light on both ends Of
the bicycle when the car struck
him.
In the collision Gemeinhart wis
thrown to the pavement while be
still clung to his bicycle. He said
that the car dragged him for come
distance before stopping and that
Bjorkland mace an attempt 10 get
away. Bystanders stopped Bjcrk.
land. Gemeinhart said, and the in
jured man was then taken to the
Office of DR.. Arthur Williams.
where he was given medical at
'tention.
The Rock Island Argus and daily union., 1922-11-04
RATE QUESTIONS
CHIEF TOPICS AT
WATERWAY MEET

Rock Island Chamber of Com
merce officials have received an in
Ntation to attend the National
Rivers and Harbors congress. which
will hold its 18th annual conven-
tion in Washington, d. c.. Dec.
and 7.
At the same time and place the
woman's branch of the organiza-
ton will hold it's 18th annual
gathering.
One OF the liveliest discussions
at the coming meet will center
around the question whether or not
water competition justifies a viola
ton OF the long-and-short-haul
clause Of the interstate commerce
act. Cities on waterways that in
sist they are entitled to benefits
due to their location, including low
er freight rates than inland points,
will be largely represented.
The Rock Island Argus and daily union., 1922-11-04
IVEMERE DEAF III
COURT, BUT NOT
WHEN WIFE TALKS

The voice of. a judge and that OF
a defendants wife, although the
same tone, sounded much different
TO William Vemere, 710 Second ave-
nue..
Vemere was arraigned at 2
o'clock. this afternoon in police
court before Magistrate D. j. Gle
land on charge of assault and
battery. He was arrested on COM
plant of his wife, who said her
husband had mistreated her. We
mere seemed to be very deaf when
Magistrate Cleland talked TO him,
but after the magistrate had dis
missed the case Vemere seemed to
be able to hear his wife distinctly
without any effort when they
walked away from the police sta
tion.
Magistrate Cleland believes tbe
joke was on his.
The Rock Island Argus and daily union., 1922-11-04
ILLUSTRATED SONG
SERVICE SUNDAY
AT SPENCER NJ. E.

Family day services will be OBJ
served at the Spencer Memorial
Methodist church tomorrow. In
the morning the pastor will speak
on "The Drift Age. The subject
has to do with the home life of the
American people. In the evening
at 1880 An illustrated song service
will be given. The following hymns
will be sung and also illustrated
on the screen: America the Beau
tifuU, Where Cross the Crowded
Ways of Life, For the Beauty of
the Earth. my Country 'Tis of
Thee. From Greenland's Icy
Mountains. II Gave My Life for
Thee" and Saviour Thy Dying
Love-.
The Rock Island Argus and daily union., 1922-11-04
ONLY EX-SERVICE
MEN TO BENEFIT
BY STATE BONUS

An explanation of the provisions
OF the proposed Illinois state SOL
diers' compensation measure, upon
which the people will vote at next
Tuesdays election, is made in a
statement issued by Walter A. RIOS
enfield, commander of Rock Island
post, No. 200, American Legion, to-
day.
only ex-soldiers, sailors and
marines who served with the
American forces between the dates
of April 6, 1917 and Nov. II, 1918,
will be eligible to receive compen-
sation," Commander Rosenfield
explained. Charges have been
made by opponents of the measure
that shipyard workers and govern
ment arsenal employees will be in
cluded in the bonus. This is not
true, as only men enlisted in the
fighting forces Of the country dur
ing the war. will be entitled to the
reward"
The Rock Island Argus and daily union., 1922-11-04
SECOND. VICTIM
Of week TAKEN
BY MOONSH|NE
c. o. Peterson, Lynn Center Black
smith, Succambs to Alcoholic
Poisoning in Moline.

Hooch claimed its second victim
in Moline within a week yesterday
afternoon when Carl o. Peterson,
40 years old, a blacksmith of Lynn
Center, succumbed at the Moline
city hospital. $50
The coroner's jury which inves-
tigated the death of Peterson re-
turned a verdict that he had died
of poisoning caused from drinking
h0och. The jury in the other case
found that death was due to alco-
holic poisoning.
Peterson was found in a semi
conscious condition id his room at
the Manufacturers hotel Friday
morning. The man was removed
to the hospital and died yesterday
afternoon.
A bell boy at the hotel found
Peterson. The boy said a bottle
Of hooch stood on a table beside
the bed. A friend of 20 years
standing was summoned but Peter
son did not recognize him.
Peterson is said to have gone to
Moline for the purpose Of staging
a hooch party. He registered at
the hotel at l O'Clock Tuesday
morning. He left shortly after
wards and returned Tuesday night
Wednesday morning he disappear
ed and was not seen again at the
hotel until Thursday noon.
Relatives from Lynn Center de-
The Rock Island Argus and daily union., 1922-11-04
FARM PRODUCE
TO Be SOLD IN
HOME BUREAU


Dressed chickens, ducks, geese
and turkeys, butter. eggs, lard and
10 multitude Of other products df-
rect from the farms Of Rock Island
county will be placed on sale reg
ularly in thrift exchanges" in
Rock Island and Moline, if the pro-
posal Of the members of the execu-
tive board Of the home bureau or
ganization is acted upon favorably.
The board is to meet in bureau
headquarters in the State Bank
building Tuesday afternoon, for its
first session since the annual cleo
ton OF officers, and the <plan for
providing exchanges for the sale Of
farm products will be discussed
then.
Under home bureau auspices, the
exchanges will be under the man
agement Of a committee from that
organization which will be charged
with the responsibility of having
the quality and price of the pro-
ducts conform to standard, and
whatever is offered for sale will
have the guarantee of this group.
Miss Lucille Allen, home advisor,
states that in LaSalle county ex-
changes of this sort are in success
full operation in LaSalle, Ottawa
| and Streator. Their plan is to re-
tain Is per cent of the sale price
for-the home bureau. OF this 71
per cent goes to the bureau, and
71s per cent is used for the head
quarters maintenance fund.
Miss Van AIKEN Present
1t is believed that the population
of Rock Island and Moline is suf-
ficiently large to justify the estab-
! lishment of the Exchanges, and
that products Of the farm, guaran-
teed to be as represented, would
find ready market.
Miss Catherine G. Van AIKEN, Ur-
bana, assistant state leader will
meet with the board Tuesday for
the purpose of instructing board
members regarding some OF the
duties that devolve upon them.
The Rock Island Argus and daily union., 1922-11-04
PEORIA MAN IS
RED CROSS HEAD

, Peoria. H., Nov. Al. E. Lock
wood, Peoria, has been made chair
man of the general committee for
the state. for the sixth annual Red
Cross roll call. Nov. IL to Nov. 80
it was announced here today.
Appointment was made in a let
ter received from Walter Davidson
division manager for the Central
States Headquarters, Chicago. 9th
er. members Of the state committee
include:
Ralph C. Field, Galesburg; Paul
Beich, Bloomington; c. S. Kill
bourne, Aurora; F. w. Butterworth
Danville; Miss Rachel Rynie. Al
ton; C. NJ. Roose, Cairo; George
Keyes, Springfield; Charles Killer,
Champaign; Mrs. Inez Bender, De-
catur; Mrs. G. G. Ferris, Taylorville