davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1922-12-24
CAMP GRANT TO Be I
on AUCTION BLOCK
Large Cantonment, Relic OF
War Days, Once Housed
Nearly 10000 Men.
$500 ACRES INCLUDED
Several Of the Farms Under
Lease Will be Returned to
Their Owners.
$500 ACRES INCLUDED

ROCKFORD. ILL.,, Dec. 23.-Camp
scenes of busting military activity,
soon H. to go upon tho auction
block-one Of the final steps In its
ultimate wrecking az q canton
ment.
Between 100 and 400 buildings
and utilities are TO be sold, part OF
. camp that at the height of its
operations covered 5.656 acres Of land
and housed approximately 10000
men. Three army officers now are
making q survey of the salvage
value of the buildings all located In
the area Of the old base hospital
site.
Buildings in the areas turned over
to the national guard of Illinois and
the. portion reserved for the pro-
posed reformatory for first term
Federal offenders are not included
In the survey. The Baldwin SAM
uelson and johnson farms are to be
returned to their owners. Other
properties were brought by the
Government and condemnation pro-
ceedings were necessary in some
cases.
It was on May IL, 1917. that the
War Department submitted to the
Rockford Chamber Of Commerce the
requirements for q military camp
In northern Illinois. The site was
inspected by five army officers
May 30 and on June IL the lands
were definitely selected. Leases
were obtained on, 3.301' acres. This
later was reduced to 2.249 acres.
when property intended for a
range was found unsuitable. Sub
sequently q hsW rifle range and
safety zone weee selected and the
total area ultimately used was $3.50
acres.
The Eighty-sixth' Division was
trained at Camp Grant. Several
thousand negro soldiers also were
trained here. Hundreds of thou
sands Of soldiers were discharged
at the camp after the war. Several
public auctions in the last year dis
posed Of thousands Of dollars worth
OF camp property.
The Federal project IL meeting op-
position here. Rockford sent Q
representative to Washington to
appear before the House Judiciary
Committee to protest against q
favorable report on the bill, locat.
ing the prison at Camp Grant.
The Washington times., 1922-12-24

What is Of greatest significance is
the preparation which leading in
vestment bankers and brokers are
making to meet the reinvestment
demand Of the first months Of the
new year. evidences Of which are
already seen in the principal finan-
cial centers Of the country. The
January reinvestment period IL by
all odds the most important Of the
year. for 1t II at this time that the
more important judiciary companies,
including the surety. insurance, and
bonding companies make their selec-
tions. Municipal and Government
bond dealers will probably have the
bulk of the business. and some Of
them are now regretting the efforts
which they made to dispose Of bonds
Of this class at the low prices pre-
vailing In the early part OF the
month.
Not so much is heard of the pro-
posed financing Of foreign govern
ments, because of the general unset
tlement In the European countries.
Efforts to create new interest in
an international loan to Germany,
sponsored by American bankers,
failed to elicit much support in
American banking circles. though 1t
is generally believed that the time
has come to exercise q closer super
vision over the reparation situation.
The settlement Of this important
question must precede considera.
ton Of loan to Germany for any
purpose.
The weeks crop Of new bonds was
not large, aggregating not more
than $20,000.000. Public utility and
municipal issues predominated, with
a sprinkling Of new farm loan bonds
and railroad equipments. Liberty
bonds made q good record on the
listed market. foreign government
issues held their own. prime indus
trials and railroads were inclined to
advance. and second-grade rails re-
covered some of the ground pre-
viously lost by them.
1t is current opinion in the finan.
cial district that liquidation for tax
losses has been about completed.
and that, therefore, the last week
in the year will witness q strong,
steady bond market.
The Washington times., 1922-12-24
Agriculture Suffers
Loss In Philippines,

MANILA. Dec. 23.-The high
water mark was reached in Philip
pine agriculture in the year Of 1921
10 far as the area planted to the six
leading crops Of the island is concern
ed, according to the annual report
of the Bureau of Agriculture. In
that year 8.78S,967 acres was cult.
waited. compared with S,192,355 acres
In 1920. Notwithstanding the in
crease in acreage, the year was one
of general dissatisfaction from the
financial standpoint, the report says.
I'm yield per acre 1921 shows an
increase LIZ per cent in rice and 81
per cent In sugar cane over that of
1920. but market conditions were
such that in spite Of the increases in
area and yield the value Of all Phil.
ippine crops fell from $343,565, 900 In
1920 to $201 $4,000 in 1921. or about
20 per cent"
The Washington times., 1922-12-24

to obtain legislation designed to
end the issue Of tax exempt bonds
represents another way of ap-
preaching the situation which has
been supposed to call for the i'm.
position of new taxes. Greater
economy and the adoption Of q
more conservative policy regard
ing the offering of "tax exempt"
bonds would do all that IL really
needed In Federal finance. With
the STICK dividends that have al
ready been issued, and with the
other financial readjustments ac-
companying the year end-and In.
cluding extra dividends, as well
as other changes-effort to attack
corporate surpluses will encounter
difficulties that perhaps had not
been foreseen by radical legislators.
RAILROAD CONSERVATISM.
The expected action Of Great
Northern in keeping its dividend
down to a per cent rate repre-
sents the conservative tendencies
that are now prevalent in the
transportation world. Although
Great Northern director issued an
optimistic statement relating to the
prospects for 1923. Il remains true
that these good prospects are still
to be realized and that there is
disposition on the part Of q good
many railroad financiers to hold
back and conserve their funds.
pending further indication Of de-
velopment. As yet, there 10 moth
ing to indicate whether Congress
will or will not act practically
upon the Presidents suggestions
relative to a change of the status
of the Labor Board, and there 10
some reason for. thinking that this
will be deferred because Of the
opportunity that would be offered
by such legislation, for the offer
ing Of radical amendments design
ed to change the desirable features
Of the transportation act.
AUTUMN MONEY STRAIN,
All indications now point to the
definite ending Of the autumn. money
strain which this year, however, has
been very much less than usual in
intensity. Latest reports of the
Federal reserve system show slack
ening in commercial demand and
fresh accumulation Of gold. The re-
serve strength Of the banking or.
ganization IL practically unlimited.
30 far as any Immediate demands
are concerned. Tho question whether
foreign financing in this market IL
likely to 20 on developing Ia, Of
course, dependent upon reparations
readjustments. The reassembling
of the conference Of premiers IN Lon
don after the holidays are over will
throw more light upon this matter
than IL now available. Foreign Sc
curities, naturally, await further de-
veiopments in regard to exchange
and international politics before re-
veaiing any definite trend in any
direction.
MARKET OUTLOOK.
Comparative quiet for some days
past has been q natural predecessor
Of the three-day holiday which COM
menced on Saturday. Trading has
not been concentrated In any special
group Of stocks, but has been spread
over a considerable number, and evi-
IDENTIFY represents, in part, sales for
the purpose Of recording tax losses.
60 ar ~ the general market y Con-
The Washington times., 1922-12-24
Weekly Financial Reuie
By HENRY CLEWs,
OF Henry Clsws B o., New York Bankers.

NEW YORK, Dec. 23.-Pre.holi.
day quiet and absence Of funda.
mental causes Of change In market
values have been characteristic
during the past week. While for
day or two q FLIP was given to
prices by the erroneous reports con-
cerning a large German loan, later
and more solid information shows
that whatever the Administration
may have In prospect 1t will not
reach the point Of recommending
definite loan proposals. for . good
while, II at all. 1t now appears
that the situation outlined last
summer has not changed. and this
means that the United States will
naturally be inclined to await the
arrival Of q much clearer situation
in Europe before committing itself
further. Domestic business 10 still
the important element In the out
look.
DEMAND STILL INCREASING.
Notwithstanding pessimistic fore.
casts in some quarters, and In spite
of indisposition on the part of some
to place orders far In advance, the
volume Of domestic business con-
tinues very satisfactory. From the
West, It II reported that holiday
trade IL better than for several
years past, q fact which Ia sub
stantiated by tho high levels Of re-
tail trade index numbers. Higher
prices for copper have carried that
metal well up toward Is cents .
pound, with excellent demand, d
fact which has been reflected In the
copper shares. These issues have
shown very decided ability to hold
their own. Fairly good results for
the year a. q whole are now pre-
dicted for United States Steel. and
while the Independents have not
done a. well II il thought that they
will be able to report an improved
financial condition in most cases
There IL q satisfactory outlook
In. many Of the machinery and ma
chine tool lines. As for oil. in
creasing demand has helped to keep
the prices of shares UP and has ad.
vanced q good many Of them.
Rumors of merger plans have
tended to keep the equipment stocks
up to high levels, but the good
condition of their order books would
have a strong contributory influ-
ence working to that end in any
event. The contamination OF the
arrangements for an important com.
bination of packing plants, the
financing to be placed probably in
this market, has tended to strengthen
the situation in Middle Western
business quite materially.
STOCK DIVIDENDS SLOW UP.
A smaller flow Of stock dividends
has been characteristic during the
past week, and the approach OF the
end Of the year makes II probable
that for the present further action
In this direction will be les fre-
Quent. Congress has not taken
such action ~ was anticipated by
many, and at the present moment
does not seem likely to take Il.
This defers the prospect OF new
taxation until another session.
with doubt a. to the probability Of
Il even then. II 10 likely that no
immediate action would be attempt
ed. even n q special ssssion Of
Congress should BE- summoned,
next spring. Meantime. he sffort
The Washington times., 1922-12-24
Georges Creek Region
Is Nearing Normally

rROSTBURG. Nd. Dec. 23.-
Working conditions in the Georges
Creek territory are fast reaching
o normal state. with about 1,b00
miners working. of whom about 400
erc employed by the Complication
cNal Company. Seventy-flve per
nj OF the men are working on
~ open-shop basis.
Three weeks ago 1,S0o nsn were
nloyed. Since then the incrsass
= averaged 1o0 q wesk.
The Washington times., 1922-12-24
u. s. Sells Warehouses
At Camp MONisOn, Va

NEWPORT NEWS, Va. Dec. %.
Government warehouses and other
buildings at Camp Morrison. sew
eral miles north Of this place, have
been, purchased by Mayor p. w.
Hiden, Abe Horwitz and Samuel
r. Buxton for less than 800. 900.
They cost the Government nearly
$4,000, 900.
The purchasers intend to use
them for commercial purposes. The
land belongs to private interests
and an effort will be made to ac-
quire this also. There arc twenty
four warehouses 66x169 feet, and
they are admirably suited for stor.
ing merchandise. This purchase Is
a direct move in the direction OF
getting new industries started in
Newport News.
The Washington times., 1922-12-24
81 Cent Street Car Fare
Restored to Wheeling

WHEELING, w. Va, Dec. 23-
For the first time since pre-war
days. Wheeling has returned to a
five-cent street car fare, through
Wheeling Traction Company where
by strip tickets win be sold at
ten for half dollar.
On various divisions In West
Virginia and Ohio. operated by the
company, the reduction will ap-
proximate 26 per cent. The fare
cut does not affect the through
rate from Wheeling to Steuben-
vile.
The Washington times., 1922-12-24
Danville Claims First
Woman Bank Official

DANVILLE. Va, Dec. 2S.-Dan.
vile lays claim to another distinc.
tion-that of blazing farther the
trail for women who aspire to re-
snonsible places. Miss Sallie Has
kins has been elected assistant cash
Ter of the American National Bank
and IL the first woman In the State
to become q banking official.
She has been associated with tho
local institution for several years,
the directors of the bank elevating
her to her new position, which she
will assume in January.
The Washington times., 1922-12-24

SnOrtSs VINO na0 expeCteu u
cover further down, and sold-out
bulls. who had been anticipating
with pleasure the Christmas bar
gains in some of their speculative
favorites, were equally disappointed
with the weeks developments. The
bulls were firmly in the saddle. and
showed not the slightest inclination
to relinquish the advantage they
had gradually won in the specula-
tive situation. It ID somewhat too
soon to crow. for . great deal may
happen In the five remaining ses-
sions of the stock market In 1899.
but as yet there IL no evidence that
q drastic downward revision of
prices is to take place before the
! New Year rolls around.
UPWARD TREND.
Bullish sentiment was rampant
this week, and most Of the develop
ments In domestic finance, business
and industry Justified such an atti-
tude toward the securities Of the
representative productive and dis
tributive industries of this country.
On every side leaders Of business,
Cabinet officers, bankers and econ
omists We'd with each other In CIV
ing publicity to the most optimistic
statements Of the past accomplish
ments and future prospects OF
American industry.
It is well known that the big
steel, copper. motor, equipment ana
oil companies are winding UP the
year in q much more prosperous
condition than marked their en-
trance into 1922. They have in
creased their operating capacities
from 20 to rs per cent, disposed OF
surplus material for which there
was no market in the first part of
the year. and brought equipment
up to normal. Prices for their
products have gradually risen, and
skilful management has enabled
them to cut down their costs OF
production.
It was a great week for the big
speculative leaders. Baldwin and
6tudebaker. Just as these stocks
were in the forefront Of the bear
raid that closed ,the November pc
riod. so were they the leaders in
the vigorous rally since that time.
In Fridays bullish demcnstration
Studebaker advanced to 1881
which was less than q point below
INC Doot pToNlOu3 pcILoIuihuCo VI
the year, and represented a come
back of over 'twenty-four points
from the slump of the week ending
December 2. Baldwin has done
even better. for. counting its
dividend OF 3h points. 1t has sold
up 26h points in the same period.
New York Central, United States
Steel, Pullman and others Of the
speculative leaders have also given
q good account of themselves.
though their movements lacked the
spectacular features of the others.
OILS STEADY.
Az a group, the oil stocks are
entitled to the palm for steady.
consistent advance into higher
price territory. Pan-American,
California Petroleum and Sinclair
announced new developments which
made their stocks a magnet for
public traders, and with little cere-
mony they resumed their upward
cou4se. Pan-American company an
.nounced another stock dividend Of
20 per cent. and Sinclair added to
Its laurels by winning an important
concession in the Navan oil fields
In Wyoming. Mexican Petroleum
resumed it's speculative gyrations,
making a grand leap Of sixty.two
points in one session, and marking
UP the highest price for all time.
The Washington times., 1922-12-24
RAISE WATER RATES.

CHARLESTON. w. Va, Dec. "a
AN increase In rates has beer
granted by the public service com.
mission to st. Albans Water, Light
and Ice Company, affecting water
meter readings after December i
Announcing the increase. the com.
mission declared the company dooa
not receive sufficient revenue for :
fair return on its investment.
The Washington times., 1922-12-24
Cotton Spinning More
Active During November

Cotton spinning during November
showed increased activity. the num-
Der of active spindle hours being
420, 900 900 more than in November.
Active spindle hours for Novem-
Der totalled 8,710,224,794, or an
average of 234 hours per spindle
in place. compared with S,2S9.Ss5,-
446, or an average Of 223 hours per
spind,e in place for October.
The Washington times., 1922-12-24
ABANDON LINE.

COLUMBUS, Ohio. Dec. a3.-Tbe
state ut1lit1es commission has An.
thorised the Marietta and Vincent
railroad to abandon operation of its
ten-mile line In washington coun-
". effective midnight. December
u. The road had applied for such
authority. stating Il was losing
The Washington times., 1922-12-24
Tidewater Bus Company
Will Cease Operation

BALTIMORE, Dec. %. - The
Tldewater Bus Company, operat-
ing from Warrington to points
IN Southern Maryland. has notified
the Public Service Commission that
It win discontinue businsss after
the first Of the yer.
Impaired earnings. dus to ~
creased ccmpstsden. @o giveA -
eho N0o1o0
The Washington times., 1922-12-24
! LkfEsT' NFwss6 sss'
FINANCIAL WORLD
Bond Market Preparing
For January Offerings
Reinvestment Period Next Month Considered
Most Important Of Year and Bankers
Anticipate a Large Demand.
By MUNROE ROBERTS,


NEW YORK, Dec 23-Most of the important developments
in the bond market during THE past week are those which do
not appear the surface The listed bond market has been
fairly active offerings that have been brought to the
market have been well received and with few exceptions
prices of listed bonds have shown tendency advance
The Washington times., 1922-12-24
ADVANCING WASHING
TONS INTEREST
Stocks On Upward Trend
During the Past Week
Baldwin and Studebaker Leaders in Vigorous
Rally, in Which Oil, Steel and
Industrials Follow.
BY W. 8. COUSINS,
!. i,,,. - co.mopoli..n N.ws ssrvie.,.

~ Cosmopohtan Nsws esrves1'
NEW YORK Dec 23-Tbose who had been expecting =
and dull market for speculative stocks this week.
closing periods Of the last two were given
another of the periodic surprises for which the last few
months have been noted. gr
The Birmingham age-herald., 1922-03-11
NEW YoRR COTTON
NEW ORLEANS COTTON
Ky Associated Prosl rk. March l0.-Cc


 New Orleans, March 10.-The price of cotton was higher in a small way today. the net change on the more active months on the close being 3 points. May closing at 16S2c. In the early trading the advance at one time amounted to 21 to 22 points, but dur ing a good part of the session the market stood at rise of 10 points or so. Unfavorable weather over the belt and complaints that new crop preparations were being delayed by it were the main reasons for the buying.
 Liverpool prices were higher than due when the market opened and this helped put prices higher here at the start. The wet weather in cen tral and eastern sections of the belt. as portrayed on the weather map, also helped the market. Highest prices of the session were reached following telegrams from Mississippi to the effect that many rivers had overflowed, messages from Alabama claiming as much as four inches of rainfall In some localities and mes- sages from Georgia stating that thousands of acres of land were standing in water.
 Around mid-session the market fell off about 10 points from the best under the rumor that Lloyd George had resigned and during the re- mainder of the session little strength was shown. Mill takings of 172,- - GOO bales for the week, were con sidered rather small but were bal anced by the decrease for the week, In the visible supply of American cotton of 67S35 bales
The Birmingham age-herald., 1922-03-11
Better Tone ShoWn
 in Business, But
 Situation Not Stead, :,
By Associated Press

New York, March 10.-Dun's tomor- row will say:
 Recent betterment in business Is supported by the prospects, of further gains although the general situation lis still conspicuously irregular. With rapid and uniform progress not ex- pected, the present gradual and un- even commercial recovery occasions no general disappointment, and ad- verse phases now affect sentiment less noticeably. Added reason for a more hopeful feeling appears in the continued rise of iron and steel pro- duction in the diminishing unemploy- ment of workers and in the further expansion of building operations while the improved financial position of agricultural interests has strength ened confidence and stimulated buy ing of merchandise. Apart from the broadening of activities which devel- ops with the advancing season there Is an increasing disposition in various quarters to undertake deferred com mitments along constructive lines and forward transactions are becoming a more potent factor In some indus tries. Competition for orders, how ever, has narrowed profit margins in different instances. causing a closer restriction of outputs In certain cases. and the greater discrimination in public purchasing Is reflected in price concessions in consuming chan nels. The main trend of wholesale quotations this week was also down. ward Dun's comprehensive list dis closing a small excess of declines
 Weekly bank clearings. $6,o70, 4e4,- 600.
The Birmingham age-herald., 1922-03-11
WHEAT RECOVERED SOMEWHAT FROM
 ACUTE WEAKNESS
Corn and Oats Both Made Gains, While the Provisions List Was on a SeeSaW
 Basis
By Associated Press

Chicago. March tO.-Wheat prices recovered somewhat today fro-l the acute weakness shown during the last preceding session. Indications of enlarged demand from exporters and from domestic millers appeared to be chiefly responsible. The market closed unsettled at the same as te"day's finish to 1c higher with May $1.36 3s @$1.37 and July $1.17% O $1.1S. Corn gained 1 ls Q1 ss c and oats Is O sc. In provisions the outcome varied from unchanged figures 15c higher.
 1t soon became apparent after ths opening in the wheat market that liquidating sales on the part of hold CTS were at an end, and that offerings were being readily absorbed by strong houses
 As result slight general advances in price followed a sag which had been witnessed at the start. Then re- ports of further rains and snow in Texas, Oklahoma and Kansas reliev- ing completely apprehension of drought and to fresh declines. How ev~r, with gossip current that ssia was buying wheat, rye and oats on a big scale and that tillers in the United St .tes were D rchasing wheat nor freely. the wheat market de- veloped new strength in the final half of the day. Spectators who had overreached themselves on the down ward swings of the market took to the buying side, but when their wants were satisfied a good des.. of ad- vance failed to hold.
 Corn and oats displayed independent strength. Export sales of more than 100000 bushels of corn were con- firmed. Besides, !. was said Sweden had disposed of 900.000 bushels of American oats to Russia. Further more. the Argentine exportable sur plus of corn was estimated at less than half of last .ear's total.
 Provisions averaged lower with h 2; values but in the end scored an up- turn with grain.