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The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-06
Curb Market
BY STUART P. WEST
(Copyright, 1922

New York, April 6.-The curb
market today kept step with the
rise on the stock exchange. A num-
Der of new high records were made,
notably in Sterling products, Brit
ish-American Tobacco, Eastman
Kodak, Gardner Motor, REQ and
Mexico Oil. The strength in the
motor group was one of the feat
ures. Packard common stock at
811 was selling at new high. The
advance was based upon reports
that the company could not keep
pace with its present orders. Cleve-
land was fractionally higher. The
Goodyear issues were bid up sharp
ly, especially the preferred which
was quoted late in the afternoon
three points above last night. Van
Raalte was an exception to the
general tendency, dropping four
points on comparatively small Of
ferings.
Glen Alden Coal was rather more
active, starting lover but rallying
in the afternoon. The Standard Oil
shares were again in demand, es-
pecially Standard Oil of Indiana,
Kentucky, Buckeye Pipe Line and
Vacuum Oil. Stock exchange houses
bought and bid up Anglo-American.
Creole Syndicate. International
Petroleum and Cities Service issues
were all firm.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-06
WHEAT ON RISE;
CORN is QUIET;
OATS FOLLOWS
(By Consolidated Press.)

Chicago. April 6.-Wheat gave a
good account of itself today There
was further heavy liquidation OF
May and there was pressure from
bought July. Despite this fact the
market moved in higher territory
Some of the big professionals we're
big buyers and there was some de-
mand from pit shorts. Missouri
River wheat is continuing to find
its way in the hands of Chicago in
terests and 100, 900 bushels was
bought from Omaha to come here
Sales of 100000 bushels of wheat
were made to go to store making
500, 900 bushels so far this week
and this would indicate that shorts
are going to make good deliveries
on May contracts. Weather is
favorable for the growing CROP
Cash wheat premiums were I'M
changed. Milling demand for wheat
! remains slow and no activity In
export circles is noted. Illinois
dealers reported contracting new
wheat at $100 a bushel to the
farmer. Liverpool spot wheat
close l pence to IL pence lower
and futures were unchanged to Il
pence higher. Primary receipts
were All, 900 bushels compared
with 761, 900 bushels last year.
Corn trade was quiet Prices
followed the trend of wheat Com
mission houses sold early but locals
and cash interest bought Cash
corn basis was unchanged. Domes-
tic shipping demand was better and
there was some export business
worked Primary receipts were
$4,000 bushels compared with
AT 900 bushels last year.
Oats followed the trend Of other
grains. Bulk of the business was
in the way of spreading. Cash
premiums were nc better. Ship
ping demand was only fair.
Provisions were lower. Selling
in the way of liquidation of May
lard was factor. Cash interests
bought on the break.
Wheat closed IS to 1%c higher,
May 1.30 to 1905; July I19 to
1.181s; September, 113 to LIPS.
Corn closed q to "a higher, May
5S3s; July, 62B to 81; September,
64A. Oats closed 4 to g higher,
May 36A; July, 1914; September,
4O1a- Pork closed unchanged.
Lard, 212 to sc lower. Ribs, 71z to
121ac lower.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-06
FINANCIAL NOTES

New York, April 6.-The Vacuum
Oil company today declared the
regular semi-annual dividend of
per cent and an extra dividend CT
8 per cent payable May 81 to stock
of record May l.
Trustees of the Great Northern
Iron Ore properties today declar-
ed a dividend of 81 a share of l.
500,0 900 certificates of beneficial in
terest payable April 20. Dividends
of 81 a share semi-annually have
been declared since the latter part
of 1918.
The Portuguese government has
granted permanent oil rights in
Portuguese West Africa TO the Com
panhia Do Petroleo De Angola, a
company financed by the Sinclair
Consolidated Oil company and OPP
Grated under Sinclair management.
Area of the concession covers TO-
600 square miles.
1t was announced today the
Pennsylvania railway would spend
5000, 900 in improving switching
and trackage facilities in the Pitts
burgh district, particularly on the
Conemaugh division
The annual report of the Boston
G Maine railroad for 1921 shows a
deficit after charges and taxes of
81 ,34S, 0S6 as against a deficit of
SI7.132,4S1 in 1890.
u. S. Refining and Smelling pre-
ferred sold ex-dividend today.
The Chicago & Northwestern
railroad has rejected all bids for
new cars because prices were too
high.
Stockholders of the Savage Arms
corporation have authorized the
issue of s., 900 900 in bonds at the
discretion of the directors.
Coffee sold today at 9.S1 for May,
9.75 for July. 9.4S for September
and 9.49 for December. Raw su-
gar was quoted as follows: May,
2.63, July $50, September 2.97, De-
cember 500. Refined sugar was
quoted: May SIS. July 6.10, Sep
TENDER. 6.25, December, 600.
New York. April 6.-The S. H.
Kresge company today declared the
regular quarterly dividend of 81 a
share on the common stock, pay
able May 1 to stock of record April
20.
The Inspiration Consolidated Cop
per company produced 7,45O, 900
pounds of copper in the six weeks
ending March 81 The company is
operating Is of 20 units.
Arbuckle Brothers advanced re-
fined sugar to 5.35 a pound today,
a jump OF 10 points
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-06
CATTLE STEADY
HOGSUP ADIME;
LAMBS DOWN Is
fRr Consolidated Pressl


Z. S. Yards. Chicago. April s.
Livestock trade sEas a little uneven
today. Sellers had only about
5000 hogs held over from yester-
day and this helped the market
After q steady gain in prices for
live mutton buyers had about Csc
the best OF the deal today.
Receipts were estimated at H.
600 cattle: $4,000 hogs; 1900
sheep, and 1000 calves.
CATTLE.
Choice cattle were steady, but
the market had a weak tone for
plain steers. Some S43 pound year
lings went at 1925 but bulk Of
steers sold at s725Gs75. Cows sold
steady but few went over $3.50
Bulls were strong. some choice
bologna bulls going at $3.50. Veal
calves were down sec with good
lots going to packers at $500
S.25.
HOGS.
Demand for hogs was active. aud
values were up 10c. Top lots made
$1,000. but both lights and light
butchers reached this point Bulk
of good butchers sold we'll at SlO.25
Q10,70 Few rough packing hogs
went at $40. while good lots were
placed at ss.8001O.00 Pigs made
$1,000 for the best on a 108i5c
higher market.
SHEEP.
Lambs sold mostly 25c lower to-
day, but even buyers did not expect
the decline to continue. Best
shorn lambs went at $14.25. while
choice wool lots made $1,000. Bulk
OF clipped stock sold at $lS 0Oa
1880. Aged muttons sold mostly
25c lower.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-06
Bond Market
BIT srUAKT r. WEST
sCopyrighk. 1891

New York, April 6.-New high
prices for the Liberty loans and
lower priced railway groups par
ticularly and the prompt success
both here and abroad of the Czecho-
Slovakian external quotations were
the most important incidents in
today's bond market Heavy trad
ing continued in the .. s. govern
ment issues, with the second AZ
per cent loan reaching 1914 for
the first time and substantial gains
in the other Liberty bonds. Follow
ing the over-subscription to the
$14 goo 900 portion of the $4,000
900 Czecho- Slovakian per cent
secured external sinking fund gold
loan OF 1922 due April L, 1851, the
bonds were dealt in at when is
sued on the New York exchange at
half a point premium above the
Offering price of 961z. Among the
seasoned foreign government ex-
ternal loans, United Kingdom 511 8
of 1922 touched a fresh top and so
did the City of Sac Paulo SIS.
City OF Sac Poulo SIS. Mexican
SIS, Swiss SIS and Zurich SIS all
went up bout y of point
Many of the representative jun
ior railway mortgages advanced to
the best figures of the year and in
some cases Of over year. The
most prominent were the ST. Paul
convertible AIS, all the Erie bonds,
Missouri, Kansas and Texas ad-
justment IS, Minneapolis and st.
Louis refunding As and SeaboarG
Air Line adjustment 5s and IS.
Chesapeake & Ohio convertible SIS,
New York Central IS, Southern
Railway 61zs and Ontario & West
ern convertible Is all reached new
highs. The buying in the Ontario
& Western issue coincident with the
rise in the stock of this company,
was in anticipation of a deal by
which the controlling interest of
Ontario & Western will go from
the New Haven railway to the New
York Central
Industrial bonds were active
again. Wilson & Co. convertible Gs
jumped over 3 points to 80 for the
first time this year and the 71a per
cent issue of this company also go
the highest point Central Leather
5s advanced a point In the New
York traction group B. R T. Is
certificates had another sharp up
turn to new top for the present
movement
New bond offerings today includ-
ed $1,950,00O first mortgage and
collateral trust 61z per cent sink
ing fund gold bonds, series A of
the Pennsylvania-Ohio electric
railway company. Another issue
was $1,250,O00 City of Memphis,
Tenn, AZ per cent bonds.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-06
SENATOR SAYS
new TARIFF is
BIG u. S. NEED
Willis of Ohio Flags Democrats and
Praises G. o. p. in Speech
at Bangor, Me.

Bangor, Maine, April 6.-A pro-
tectixe tariff law must be enacted
pat the earliest possible moment if
american workmen are to be en-
pioyed, If American industry is to
ariye and American standards are
% be maintained, Senator Willis Of
ONO declared in an address today
before the Republican state con-
Venuon. American markets, he
sad, are being flooded with for
eign-made goods offered for sale
N tnis country at only a fraction
VI the American labor cost alone.
: senator Willis reviewed the ac-
eomplishments of the administra-
uon and charged that "holdover
democrats" had hampered and i'm
peoeu Republicans in their effort
% stabilize conditions. Before
many weeks. however, he said. a
protective tariff law based on the
principles of Blaine and Mckinley,
would be on the federal statute
books.
me Republican party, he said,
nj checked extravaganza, estab-
nShed a budget system, reduced
.aAes, Topped off appropriations and
maintained American ideals.
Signs Look Better.
Inc signs look better, he said,
auulng that even the promise of
q republican tariff stimulates in
eustry and starts factories"
With the early enactment of the
arm and prompt funding of the
toIelgn debt already provided for
y! law, he continued. industrial
conditions will continue to improve
aug under Republican policies we
shai have peace and prosperity at
ZONE as We have honor and pres
uge abroad"
Every serious interest difficulty
shicn threatened a year ago, Sena-
sor wills declared, has either been
Anaily settled or the definite means
provided for it's speedy adjustment
All this, he added, has been done
without sacrificing of national SOW
erelgnty or abatement "of self-re-
speet and with fullest justice to
otner nations"
Boosts G. o. p.
But 1t is not in the handling OF
.aorelgn affairs alone" he added,
sAat the Republican party has
aaae record which merits en-
sorsement at the hands of the peo-
PIE. In domestic affairs it has
aaae more progress toward econ
VIZ and business methods in eight
months than the Democratic party
eight years"
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-06
LIBERTY BOND
DEALINGS RUN
CLOSE TO PAR
nj STUART P. WEST.

wall Street. New York, April g.
r.sre was no let up in activity to-
S.v IN either investment or specu-
,.s,ve markets. The liberty bond
r-onn we're again all dealt in at
= close to par The French and
pr,tssh external loans also held at
heir high points, but the two fea-
,ures of more immediate interest
was the further advance in railway
bonds OF the second and third rank
and the successful outcome of the
rveeho-Sloyakia issue. The Czecho-
siovakian bonds--part of an author
,zed 50,0O0,000 were offered
simulta neously in New York, Lon
Sou and Amsterdam and in all
cases were promptly oversub-
k~rribed. In one way, OF course, this
success reflects upon the improve
ments in the country's financial
condition, as shown in the recovery
rom an almost worthless state
form cents on the dollar. But
mainly il was due to the unusual
security afforded by the impound-
ing of customs and the profits CT
the tobacco monopoly, which with
full allowance for the deprecated
currency, is estimated to produce
an annual revenue four and half
times the requirements for interest
and sinking fund on the present s
per cent bonds.
On the stock exchange the up
ward movement continued to pur-
sue a normal course. 1t acquired
still greater momentum during the
first hour or so. when new high
urices were reached all around, and
transactions rose to a new maxi
mum for the year. But later trad
ing auieted down somewhat and
the price movement grew much
l Aore irregular as the customary
croft taking sales began to make
themselves felt The stock market
is such a big affair nowadays that
il is an exception when there is
any uniform swing one way or the
other. The procedure in a rising
market is for some stock to be bid
up while profits are being drawn
down in others. There is a constant
shifting of speculative capital, pro-
: dueing much unevenness as be-
tween individual groups of stocks.
But the essential point is that the
initiative should all be on the side
Of advancing prices.
These characteristics were in evil
dence again today. There was news
to influence the dealings. The mar
ket was simply showing that the
reports Of trade recovery which has
been coming in right along had not
yet spent their force upon the Wall
Street movement. The motors were
very strong at the outset but later
! their advance was held up by real
izing sales The railway section
gave another display of quiet
strength with several rather not
able gains. The copper stocks did
not respond as it might have
seemed they would, TO the statis-
tics for March. These showed that
taking home and foreign sales to-
gether the total was nearly twice
what it was in February and nearly
three times that of January. The
significant thing here is the sharp
progressive increase from month 70
month.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-06
FATTY DEFENSE
RESTSITS CASE
Last Witness Was Film Comedian
Himself, Who Told His Story
on Stand Yesterday.

San Francisco, Cal, April g.
The defense in the Roscoe c.
('Fatty') Arbuckle manslaughter
trial announced at the opening of
court today that it rested its case.
It's last witness was Arbuckle him
self, who testified yesterday.
San Francisco. Cal, April 6.-De-
Tense counsel today was expected
to be nearing completion of its
structure of evidence in the third
trial of Roscoe C. Arbuckle, on a
manslaughter charge. The appear
ance of the defendant on the wit
ness stand yesterday was consid-
cred one of the closing moves in
the effort to prove that a chronic
ailment caused the death of Miss
Virginia Rape after a party in
Arbuckle's hotel suite.
Counsel today looked for deci-
sions from the court as to admis-
sibility of evidence which was con-
tested at the time of its introduc-
ton, including that of Mrs. Virginia
Breig. secretary at the sanitarium
where Miss Rape died. Mrs. Breig
testified that Miss Rape told her
that Arbuckle attacked her.
All the news all the ti1ne-The
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-06
Street Features
JUMP IN THE sTRRIs
BY STUART p. WEST
tcoyprixht. 1891

AS group the steels were much
more responsive today than they
had been yesterday to the favora-
bic picture Of trade conditions as
set forth in the iron and steel Jour
mails. The two-point Jump in Beth
lehem Steel "B" represented the
hasty coyering-in of a short inter-
est put out last week on the I'M
founded talk of a dividend reduc-
ton. Recent buying of Vanadium,
which continued today, has been
based upon the remarkable i'm
provement in the business OF the
company. Replogle Steel had one
of its characteristic uprushes, fol-
lowed by an equally abrupt re-
lapse. Replogle holdings are so
concentrated that it is possible for
floor traders at any time to bid 1t
up like this morning. The trouble
is that when they try to take prot
its, it is usually a case OF unload
ing on one another.
ONTARIO IL WESTERN.
The remarkable rise yesterday
and todaj in Ontario & Western in
all probability foreshadows the
consummation of the long expected
deal by which the controlling in
terest will pass from the New Ha-
ven to the New York Central This
deal has been in the wind for the
last 10 years. AS part of the ar
rangement. the report is that New
York Central will try to get in the
o. & W. minority stock. Wall street
was talking today of 80 or some
what higher as the figure would be
offered.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-06
DruGoods Market
BY STUART r.. " EST
Copyright. 19zZ.J

New York, April 6.-Sheetings
again carried the burden of the
trading in the dry goods market
today The demand from China is
still in evidence and some mills
are fairly well sold up until June
and several have withdrawn wide
sheetings, sheets and, pillow cases
from sale. Bag manufacturers
who have been seeking some wider
classes at concessions have found
little response. The market for
wide print cloths was very quiet
with prices inclined to softness in
some constructions Tire fabrics
were quiet and pajama checks dull.
Some business was done in fine
goods specialties.
The raw silk market was fairly
firm but quiet as buyers are waiting
to see how permanent the pegged
price in Yokohama is to be. Retail
ers are selling a fair quantity of
finished silk goods.
WOOL.
Boston, April 6.-Wool pools
throughout the entire country are
completing their plans for market
ing the 1922 clips and growers are
firm in the belief that they will
obtain higher prices but mill buy
ing still is extremely light and the
tone of the coarser grades in this
market continues soft although
concessions are small. The New
York state woods are practically
cleared except small lots of half
hl00d oau1 hing and tho rsOOl thic
year is expected to market approx
mately 100000 pounds. The Aus
traliasian markets continue strong
and Bradford is maintaining prices
for tops firmly
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-06
Weather Forecast

Illinois: Unsettled weather with
probably showers Friday and in
extreme north portion tonight; not
much change in temperature.
Missouri: Increasing cloudiness
tonight, probably followed by
showers Friday; cooler in west por-
ton Friday.
wisconsin: Showers tonight and
Friday; warmer in southwest por-
ton tonight
Iowa: Unsettled weather tonight
and Friday with possibly showers;
colder in extreme west portion to-
night and in west portion Friday.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-06
LiUe Stock
Chicago Livestock.

Chicago. April 6.-Cattle receipts.
11,0oo; beef steers, slow. about
steady; top yearlings, s.25: best
heayies (early) SIS; bulk. 1850
$50: she-stock. weak: bulls, strong
bulk bologaas. 425G44o; bidding
so cents lower on veal calves; few
sales to outsiders, 9.0019,25; pack
ers bidding 500 down; stockers and
feeders steady.
Hog receipts, $4,000: fairly active;
steady to 10 cents higher than yes
terday's average: mostly 5 cents
higher; big packers holding back :;
! top, 1880; bulk, I0-30G1o.70; pigs,
! strong to 10 cents higher; bulk de-
sirable, 100 TO IFS Founders. 1000
@I050.
/ Sheep receipts, 1900; slow; lit
! tie done early; bidding generally
% to so cents lower: few sales big,
% lower. choice handy wooded
| lambs, 1900: good strong weight
shorn lambs, 1900 sorted.
Prices OF livestock in Chicago yoSser-
| day were:
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-06
ASSESSOR BUSY
ON VALUATIONS
Albert E. Nelson and Force of Five
Deputies on Job; List Per-
sOnal Property.

Albert E. Nelson, who was re-
elected assessor of Rock Island
township Tuesday, with force of
five deputies, has begun his com
pilation of valuations of personal
property.
The township has been divided
into districts, and the work will
proceed until the entire township
has been covered. 1t will be fin
ished in about six weeks.
The tax will not be assessed on
this valuation until next spring.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-06
Peoria livestock.

Peoria, ILL.,, April 6.-Hogs: Re
ceipts 1900; 10 to Is cents higher;
top, 1860; lights, 10.S091o-6o;
mediums, 1025Q1060; heavies,
1OOeQ1045; packers, S.50@s-25.
Cattle: Receipts 150; cattle mar
ket firm; calves mostly so cents
lower; top calf. $50.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-06
Chicago Potatoes.

Chicago, April 6. - Potatoes,
weak; receipts. II cars; total Unit
ed States shipments, 739 cars; Wis
consin, sacked, round whites. 1.50
@160 cwt; Idaho sacked, russets,
1S5Q2.00 cwt; Idaho, sacked rur-
ais, 1554165 cwt; Nebraska,
sacked, round whites, 165 cwt; Col
orado, sacked, brown beauties. ITO
cWt
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-06
Chicago Produce.

Chicago, April 6.-Butter, higher;
creamery extras, 33&34; firsts, 81
asa; seconds, 29@30; standards,
1914.
Eggs, unchanged; receipts, 21,265
cases.
Poultry, alive, lower: fowls, %;
springs, so; BOOSTERS, 20.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-06
Peoria Cash Grain.

Poria, Ill, April Corn: re-
ceipts II cars; unchanged; No.
yellow, 55: No. yellow, 5413; No.
4 mixed. 541s.
Oats: receipts cars; nominally
unchanged
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-06
New York Sugar.

New York. April 6.-Raw sugar
Unchanged.
Refined: Firmer, 5.25Q5.50 fol-
fine granulated.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-06

(COntlnued from First Page-)
per and neither miIlstones of party
politics the government service is
being opened to the job hunters.
The assurance that employees of 10
or Is years standing have hitherto
had some degree of permanency
now is being removed by gradual
steps. Administration officials in
sist that the civil service system is
wrong, that it leads to ineficiency
because government workers easily
get into a rut. To correct this there
have been many proposals for an
efficiency board, or commission, by
which the merit of an employs
could be tested
Civil Service Hard Hit
Ample opportunity would be af-
forded the employee to learn of his
possible removal for reasons of in
efficiency, and it is contended that
would act as a stimulus and pro-
duce efficiency. Such a board or
commission, however. would tend
to preserve in Office the government
employees of past administrations.
Perhaps at the end of the Republi-
can administration there will be
the same kind of an attempt to
make permanent the status of their
followers as the Democrats have
attempted in the past Between
now and the next presidential cleo
tons, however, numerous changes
can be expected in government per-
sonnet. 1t is unlikely that the ad-
ministration will again make such
drastic move as in the case of
the bureau of printing and engrav-
ing. Dismissals will be one by one
and the removals will not be so
conspicuous The civil service sys-
TEN is suffering its worst defeat in
q generation.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-06
FARMER KILLS WIFE

Carmi, Ill. April 6-AarOn White.
Springerton. Ill, farmer. shot and
killed his wife following a quarrel.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-06
Silver.

New York. April 6.-Foreign bar
silver, 65A Mexican dollars. .5O3<.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-06
Local Stocks

Quotations furnished by A. G. CochrAne
Co.. 2o9 Best Eldg.I
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-06
Horses and Mules.

East st. Louis, Ill, April g.
Horses and Mules, unchanged.