davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-12-10
What Retailers
Are Buying
By Alfred Fantl

Retailers this season appear unani-
mously to have reached the true sales
basis for putting over novelties and
accessories Of all varieties for gift pur-
poses. Woolwortb found the same key
many years ago and Toe ED up his sub
seauent millions with II. But his was
the original skeleton key-the key OF
price limit, which Woolworth held to
be the proverbial thin dime. The prin-
ciple underlying price admits, how
ever. Of infinite variation, according TO
circumstances. The holiday gift period
this year finds the American public in
circumstances by no means poverty
stricken. 70 almost anything under and
up 10 50 can be made extremely appeal
ing as q token Of regard. And almost
anything is made appealing anything,
from the popular silk kerchief to
hosiery and chcmises. The added ap-
peal, that gifts such as these arc use
ful as well as beautiful. makes IL prob
able that pre- Christmas sales OF such
accessories will exceed those OF for
mer Defenders.
The passion for clearance sales,
against which many thoughtful mer-
chants have been protesting, has led to
numerous retail clearances Of coats
with prizes drastically reduced, while,
on the other hand, low stocks Of dresses
/ in the wholesale market make il diff
/ cult for retailers 90 feature sales on
these garments, although many are
anxious 20 do So Winter has not
really begun. yet plans have been quite
/ generally mGtured for January sales Of
/ furs. The whole situation has reached
the stage where the public waits until
It can get-Hs il knows 10 will get
new furs for something approximating
half price. This is q trade policy SO
close to trade madness that trade sui
eide remains little more than a matter
Of impulse.
The January white sales are another
story and a better one. Long and in.
tensive education Of the public. de-
signed % make January the month for
/ replenishing such supplies in the home.
! has made this annual trade event a
/ genuine profit producer. The trouble
I az this particular time is that all such
merchandise is subject to vieissitudes
OF delivery As well as of price ad-
vances Merchants who are not as yet
fully prepared for their really valuable
January white goods enterprises should
order at once and demand immediate
delivery wherever II is obtainable.
The spring will bring in the three
piece suit on an extensive scale. Skirts
are fGncifully draped. many having an
uneven hem. but all presenting the
idea OF a costume suit that il attrac-
tive and undeniably salable. The two
Mere euita ahoWr ave tafiored r,cAof.
from 80 20 81 inches in length. but in
eluding also box and blouse effects Is
inches long, with side closures. Al
though they bring no pronounced style
changes, they are distinctly smart and
: appear in materials Of various novel
ties Paisleys. prints and newly de.
vised silks, with fat crepes in predom-
nance.
A large demand has again sprung Up
FOR bertha collars. They, IKE other
New-York tribune., 1922-12-10
Better Business
Bureau Adopts
A New Program
Campaign Will Emphfl'ize
Prevention of Loss to In
vesiors Through Fraud
ulent Stock Promotions

A new service program, as a result
OF which it is intended that the etiorts
Of the Better Business Bureau 10 save
investors from wasting their savings
on worthless securities will be broad
ened. was adopted yesterday az meet
ing OF the advisory council. Lewis =.
Pierson. OF the council. who is also
chairman OF the board OF directors OF
the Irving National Bank, said that the
plan presented practical and effective
method Of lighting fraudulent promo
ters who were said TO be extracting
from the public more than $1,000
OOO. 900 each year through the sale OF
worthless stock.
aThe dihieulty.r said Mr. Pierson,
"hns been 20 secure workable plan
for RettinR 90 the investor before he
has traded .lis savings FOR worthless
stock instead OF waiting for him 20
complain 20 the authorities after he
had lost his money. Judging from the
success which the staff Of tho Better
Business Bureau has had on halting
frauds before they could get well under
way they arc now on the right track
and the members Of the advisory coun-
ell believe that the time has come 20
extend the work Of the bureau.
"The program which was laid before
the council to-day Is based on the
theory that in the matter Of fraudulent
promotions the public interest is better
served by prevention than by punish
ment. We have Efficient public depart.
mcnts devoted 20 the detection and
punishment Of crime. The bureau will
supplement the work OF these depart
ments By a campaign Of education d.
rected toward prevention
On behalf Of the National vigilance
Committee, II. ID. Robbins, president,
announced that the program adopted
would be acceptable to the Better Busi.
ness Bureaus operating in thirty-eight II
Of the principal cities Of the United
States and Canada, and would be put
into effect at once. He added that N
several cities, such as Boston. Cleve-
land and ST. Louis, part Of the new
program already has been successfully
tried out
New-York tribune., 1922-12-10
u. S. Sfeei's Untitled
Tonnage Decreases

The untitled tonnage rapport OF
the United States Steel Corporation
issued yesterday revealed totsi
orders for e,sl0.2te on hand No
vember 30. a decrease Of o2'OAo'
compared with October l.
Unhlied tonnage on the books OF
the corporation AZ tho end OF NO
vomber last year amounted TO a.
250,b42 tons.
New-York tribune., 1922-12-10
Overseas Trade

Ford has just shipped seventy.hve
cars Of autos and parts TO the Argen-
tine. Tractors are going forward in
large lots 10 the Continent.
The international Harvester Com
pany has completed shpment Of 1b0
France. the largest lot that went for
wsrd ia two years.
Susuki & Co. is shipping fifty cars Of
structural iron 70 Japan. Conditions
in the Far East show some improve.
ment.
Flour is being shipped In cargo lots
70 Finland and Russia. While South
Russia is in position 20 export wheat,
North Russia is dependent on imports
Of both wheat and -four.
The Westinghouse International
Company has sent forward another lot
OF thirty cars Of electrical equipment
to japan.
Exports OF sugar from Cuba will
total more than 100000 tons for the
year, Il is estimated, almost double
last years shipments.
All goods shipped into Mexico By par
eel post after January will be subject
70 duty Of 25 per cent.
Production Of petroleum in Trinidad
/ shows an increase. A total OF :. 600. .OOO
imperial gsllcns is in the record for
! the past year, az compared with 73.-
100000 gallons in 1920.
Larger shipments Of sugar TO the
United Kingdom are indicated By the
Royal Mail Steamship Company's in
crease in the service to Pernambuco.
One steamer last week was loaded with
5000 sacks.
The Argentine government announce,
exports Of 100000 bushels Of lin.
seed out OF an export surplus Of 55.-
reached 100000 bushels.
Shipments Of burlap from India last
month totaled 100000 yards, all des-
tined for the United States.
The steamer Sabotawan sailed from
Egypt last week with $4,000 bales OF
cotton for Boston.
Germany is large importer Of hides
from Brazil, according 70 the latest re-
ports. taking 81 per cent OF all ship
ments, as compared with 90 per cent
TO the United States. Shipments ex-
eesd last years exports b. almost 20
per cent.
New-York tribune., 1922-12-10
Nottingham Wool Conditions

The spinning trade continues very
busy and the demand for high class
fancy worsted cloth IL steadily i'm
proving. says Secretary Hartman. OF
the American Embassy. in London, in
a report 90 the Department OF Com
meree. Woolen goods have been rels-
lively quiet at tho expense Of worsteds
The dearness Of fine merino woods may
soon be expected TO force the demand
for cheaper cloths.
New-York tribune., 1922-12-10
Wool Sales i'm Australia

The first wool sale for the lsZS-I5
,esson was held in Adelaide on Sep
tember %. with prices ranging higher
than the June sales; 24,sss bales were
disposed OF by this means, Consul
Henry II. Balch, Adelaide reports 70
The nennrtment OF Commerce.
New-York tribune., 1922-12-10
Imports Shut
Out III French
Economy Drive
Nation Is Declared To Be
Able to Supply Self With
Goods Now Received
From u. s. and Britain
Power of Franc Shown
international Financiers Are
Denounced for Attempt
to Link Money With Mark
By Stephanc Lauzanne
Editor IN Chief Of lie Mdtin'


PARIS, Dec. e.--The magnates Of in
iernationsl finance. who have been
trying for one whole year 70 link the
franc and the mark in the same fate,
seem 20 have been pursuing an opera
ton which is neither very just nor
very wise. Such is, az least, the French
opinion.
Il Is not very just because no pos
sblo comparison can be established
between the mark and the franc. The
mark has fallen to a point very near TO
zero, not because Germany has 10 pay
huge sums for repsrations to the Al
lies. not because Germany is in any
great financial and commercial straits.
but because Germany has done what
Russia. who had not a single cent for
reparation 70 pay to any one, has donei
because Germany has machines for
printing bank notes operate at most
extravsgan. rate. In three months the
circulation Of paper money is being
increased in Germany b. dozens Of
billions. On November the German
paper currency amounted officially 10
470. 0.0O0, ,OOO.O 900 marks. And there is
not a billion gold marks in the vaults
Of the Reichsbsnk!
Nothing Of the sort has been done
IN France. For thirty months the
bank note printing machine has been
a. a standstill. Not only has the cir
eulation Of paper money not increased,
but Il has decreased, by more than
5000 900, 900 francs. According 70 the
last return Of the Bank Of France, the
French circulation Of bank notes
amounts 70 $4,000, 900 900 francs. And
there are about 5,5OO,OOO,OOO francs IN
gold and silver in the vaults Of the
bsnk.
Striking Contrast Shown
No comparison is possible between
The monetary situation Of Germany and
the monetary situation Of France.
There Is even a striking contrast be-
tween these two situations.
On the other hand, il is not very wise
~ try 10 place the franc under the
same disfavor as the mark. as this
tends 10 irritate the French, who can
retaliate by considerably diminishing
aud even by entirely eeasing their
purchases In the countries whose ex-
change is against them.
At the present time France purchases
annually from outside 10 the value Of
2i ,OOO, 100000 francs products which
are exactly as follows;
New-York tribune., 1922-12-10

Everv week the Federal Reserve
Board announces through the press a
statement OF condition Of all twelve
Federal Reserve banks, showing their
urincipal assets and liabilities, and
Also showing what IL known as the
reserve ratio, or reserve percentage.
This reserve ratio frequently IL singled
ont for editorial comment and Is often
considered an indicator OF the state
Of credit throughout the country. But
for lis proper Interpretation, II ~
necessary 70 understand the circum-
stances, which influence II AZ all times
ard 20 make allowances for such spe-
sciaI conditions as may occasionally
prevail, for example, the recent I'M
inense importation OF gold.
Generally speaking, a reserve is
fund set aside FOR emergency use. Re-
serve, are maintained by business men
as we'll as By banks. But In the case
Of banks the law specifies what re-
serves shall be maintained, for the
better protection Of their depositors.
The amount OF reserve required for a
bank which 10 a member OF the Fed
eral Reserve system depends on the
size OF the community IN which the
bank is located and the nature Of its
deposits. On the average throughout
tie country the reserve required Tor A
member bank Is about 10 per cent Of
the amount " rs deposits payable on
demand.
In the same way Reserve banks must
keep in reserve crtain proportion OF
their funds, and because Of the fact
that the Reserve banks carry reserves
for other banks, The percentage Is
much higher--S5 per cent Of the
amount OF their deposits and 40 per
cent OF the amount Of their notes; but
for purposes Of convenience and ease
OF reference the published reserve
percentage is a single figure. This
figure Is the proportion which the to-
tai reserves bear to the amount OF
both deposits and notes. Thus 40
per cent reserve ratio Cor percentage
means that the Reserve banks havo re-
serve in gold or lawful money which
amount 10 three-Quarters Of the sum
Of their deposits aud notes.
Elements in the Ratio
The reserve ratio OF the Reserve
banks may therefore be affected by
anv one OF three faetors-a change in
the amount Of cash reserves, a change
in the amount OF note issues or a
change in the amount Of deposits.
Changes in the cash reserves, however,
affect the ratio more than do changes
in either Of the other two items. This
may be illustrated best by an exam
pie. On November %, 1922, the cash
reserves, however, affect the ratio
more than do changes in either Of the
other two items. This may be illus
trated best by an example. On No
vember %, 1929, the cash reserves OF
the Reserve banks we're 3.2l9.000, 600.
Deposits were si,s05, 900 900. and notes
in circulation S2,29e. 100000. The re
serve percentage Is computed from the
fraction
aais COO oOo $4,000. 900
New-York tribune., 1922-12-10
Women Students Admitted
TO Nippon Technical School

TOXIC, Nov. - (By AsiD.-For the
FIRST time women students are 20 be
admitted 70 the school Of technology
Of the Imperial University Of Kyushu.
New-York tribune., 1922-12-10

On all these, II France wished to. she
vould make considerable economies.
She could dispense with purchasing
a single pint Of petroleum from out
sidc, by making use Of the national
carburant, which alcohol is. She could
within a very few years obtain ell
the cotton she needs from her colonies,
and she herself produces more wool
than she consumes. She could reduce
her coal purchases considerably by
making a better use Of the coal she
herself produces. and especially by
replacing black coal by white coal;
that is 10 say. by the electric power
derived from all the rivers and all the
waterfalls Of France. She might like
wise produce all the wheat she requires
for her food by making a more exten-
sive use Of the chemical products sup
piled 20 her by her North African pos
sessions. Finally she could even dis
pense with purchasing machiaes and
machine tools abroad; during the war
3. was demonstrated that the cxpen.
sive metals such as copper, zinc and
lead can be replaced by French alumi-
nun or by French cast iron. Why
thon. not do so7
Methods for Economy
On the $1,000, 100000 francs which
France converts every year into dollars
or pounds sterling 10 pay for her out
side purchases she could economic
With little effort and some ingenious
ness. i5.00O.OOO,O00 or e,OOO,O00.OO0
This Is the result which will infalEbly
Be obtained BY the more or less avowed
campaign which is being made against
ne franc and with the speculatiOnS
which are being made on the franc. An
excellent result for French industry
for French commerce. But less good
result perhaps for foreign industry and
for foreign commerce that were selling
their products IN France.
Already. since a fortnight, a campaign
has commenced requesting the house
wives and the workmen not to buy for.
eign products; English jam, English
mustard, American shoes, foreign-meds
autos. foreign sheets-when they can
buy similar French products. This cam
psign Is obtaining remarkable results
and the sellers Of foreign products ae-
knowledge that, in two weeks. their sale
has considerably decreased II viii de-
crease still more II the dollar and the
pound sterling still continue 10 rise.
In 1923 the number Of francs which
rill pass the French frontiers will not
be very large; that is the result Of the
fall Of the franc. Il is perhaps not
cutie what the artisans Of this fan
counted on.
New-York tribune., 1922-12-10
4.1sfOo0 0r

2. zoo 100000 Plus ise5.O09ovo i.lsAooo.ooo
which euals 1877 per cent. 1t Is clear,
arithmeticaliy, that an increase or de-
crease Of t100,o00,000 in cash reserves.
shown above the line, affects the per
centage more than a like change in
deposits or notes, shown below the
line. This always holds true as long
as the reserves are less than deposits
plus notes.
Under ordinary circumstances Of
world trade IL is probable that the
stock Of gold in the country would not
vary greatly, certainly not 70 the ex-
tent that has occurred in recent years.
Ordinarily the principal changes would
take place in the figures below the
line, namely in the Reserve Bank de-
posits and note issues. The way IN
which such changes would come about
and the reserve ratio be thereby affect
ed may be illustrated by the following
example: A merchant Of Batavia, y. "
New-York tribune., 1922-12-10

accessories, are among the leaders for
Christmas gifts within the popular
price limit. II is encouraging TO note
that short gloves have at last begun to
move, not only in New York City but
the country over. Blacks arc the IA
vorites.
Radio. previously suffering from
oevrstoeking in the hands Of retailers
and jobbers and from the popular in
digestion Of early enthusiasm. has re-
sumed its activity. The holiday season
has, of course. much to do with K. But
all signs point 70 permanent expansion
Of the business.
This is fhs nineteenth Of series Of
toeekly surveys Of The Ntio York ichole-
fule markets BY Alfred Fontl, toho is q
iosH kaowR resident buyer.-Finaroial
and Business Editor.
New-York tribune., 1922-12-10
Bid and Asked

Following are the closing bid ard
asked quotations Of stocks listed on
ths stock Exchange In which there
80. M fransActiors yesterday.
New-York tribune., 1922-12-10

IRepriutcd from no Nctu York Reser-f
Banks currepf tssus 81 THE Monthly Re-
riew of ButiHcss oad credit COaifi0Hg.'l
New-York tribune., 1922-12-10

Susuk & Co. is shipping fifty ears Of
structural iron 70 Japan. Conditions
in the Far East show some improve.
ment
New-York tribune., 1922-12-10

Ford has just shipped seventy.hve
cars Of autos and parts TO the Areen-
tine. Tractors are going forward in
large lots 70 the Continent.
New-York tribune., 1922-12-10

The international Harvester Com
psny has completed shipment Of 150
cars OF harvesting machinery %
France. the largest lot that went for
wsrd ia two years.
New-York tribune., 1922-12-10
Equipment Bonds

quoted on income percentage ba,.o
New-York tribune., 1922-12-10

Flour is being shipped In cargo lots
TO Finland and Russia. While South
Russia is in position 20 export wheat,
North Russia is dependent on imports
Of both wheat and -four.
New-York tribune., 1922-12-10

The Westinghouse International
Company has sent forward another lot
Of thirty cars Of electrical equipment
TO Japan.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-26
mixers win return early satura,,
evening.

You don't have 10 Be- m "A 49,.
get results from classified adveruan, l
id taker viii L.;;s you. ~
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-26
KEEPER Of RED
ROSE ARRESTED


Refused a license to operats the
Red Rose hotel, Fourth and Lee
Claire streets. Davenport. because
he appeared to be an undesirable
citizen, Louis Leanard. alleged
Rock Island underworld character,
known as Louie the Wop,' at
tempted to defy the orders Of Po-
lice Chief Charles Schlueter by
renting a room to o. J. Smith. an
intoxicated transient, and has been
placed under arrest.
Leanard seems to have recovered
his customary nonchalance, for
when his case was called for trial
by Magistrate Harold Metcalf, in
Davenport police court, the man,
who was seated at the rear Of the
court room, made no attempt to
rise, calling out in bored voice
that his attorney was not present.
Smith was given sentence of
five days in the county Jail, but
Leanard's case was continued un-
til today. Police have been keep
ing the Red Rose under strict sur
veillance ever since Leanard's pur-
chase of the resort which in the
past enjoyed very unsavory rep
utation.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-26
MEN WHO THINK
ASHAMED OF WAR
LA TOILETTE

Green Bay. Wis, Oct. 26.-'I
think most men who think straight
are ashamed about the war;" Sena-
tor LaFollette said Wednesday
night while Green Bay audience
applauded.
Half a mile away another Green
Bay audience was applauding Mrs.
Jesse Hooper, who attacked the
senator's war record, saying his
claim that the United States enter
ed the war at Wall streets behest
was an insult to every mother who
sacrificed a son.
Mrs. Hooper is the Democratic
nominee for United States senator.
She said she would want only six
years in the seat in the senate, and
did not believe in life sentence"
neither should the senate become
an old mans home, she added.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-26
DON'T SQUEEZE BLACK
HEADS DISSOLVE THEM

heads make the pores large and
cause irritation - then, too, after
they have become hard you cannot
get all Of them out Blackheads ara
caused by accumulations OF dust and
dirt and secretions from the skin
and there Is only one safe and sure
way and ane that never falls to get
rid Of them a simple way. too
that Is to dissolve them Just get
from any drug store about two
ounces Of calon.te powder--sprinkl
over the biackheads hriskly for q
few seconds-wash OF and you'll be
surprised to see that every black.
head has disappeared, and the skin
will be left soft and the pores In
their natural condition - anyone
tShes should Try this sin Ole method
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-26
pNQleypldplt
A Word From Tennessee.

Memphis, Tenn, Oct. 24.--Editor
Argus: In renewing my subscrip-
ton to the dear old home paper l
would like to add that l have fol-
lowed with keen and absorbing in
terest your unrelenting warfare
against the lawless element in your
city. That your efforts have been
rewarded with unqualified success
must be great satisfaction not
only to you. but to all the good and
law-abiding people of your city,
who realize the great and import
ant service you have rendered the
entire community. The fearless,
able and efficient manner in which
you have conducted this campaign
against vice and lawlessness, with
the remarkable results attained,
leaves Eo room for criticism or sug-
gestions:
JULIA HOUSTON WESSENDORF.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-26
RETURNS DECORATIONS.

Pittsburgh, Pa, Oct. 26. = Ex-
pressing disapproval Of Frances
policy in the near east, Christ A.
Meletis. wounded six times in
France, returned his French decor
atoms to President NIillerand.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-26
REJECTED LUMBER
SHIPMENT CAUSES
SUIT FOR DAMAGE

Refusal of the H. F. Brammer
Manufacturing company. Davenport,
to accept four carloads of lumber
ordered from the Aycock-Holley
Lumber company in July, 1920. has
resulted in the filing of a suit for
$6,942 damages by the lumber
concern.
The rejected shipment contained
10000 feet of lumber. Five car
loads were included in the original
order, according to the petition,
only one carload being delivered
and accepted.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-26
Walrath Driving
Gloves
Blowout Inner
Shoes

3 in. Reg. Csc. Sale Price. Ne
31a in. Reg. Acc. Sale Price. Sc
in. Reg. 45c. Sale Price. .2oe
Az in. Reg. SOC. Sale Price. Sc
5 in. Reg. 65c. Sale Price. >. .1e
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-26

The truck and trailer which will
convey the mixers to Fairport will
leave the Rock Island Y. w. c. A.
at $3.50 o'clock in the morning and
will be for members only. Others
will go by motor or by train. The
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-26

Want some painting doHe? Read today's
classified ads.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-26
FIRST WOMAN GLIDER

Geersfeld, Germany, Oct 90
Fraulein Hansen, believed to be the
first woman successfully to pilot a
glider, remained in the air five
minutes before being forced to land
by a defective steering gear.