davidaulloa/AmericanStories huggingface dataset:
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-11-25
Curb Market
BY WILLIAM G. HEFFERNAN.
{CopyEight, 1929

Wal Street, New York, Nov. Is
The curb exchange was subjected
to the same heavy selling pressure
today that was in evidence on the
stock exchange, and for the same
general reason, namely, that spec
ulative accounts overloaded dur
ing the campaign of last spring
and summer, had to be cut down
regardless of the sacrifice involved.
This forced selling bore most
severely against the Standard Oils
because this was the group which
had the greatest rise in the market
of a month or two ago. Standard
of Indiana was the leader with
ute violent break. 1t left off
eight points lower on the week.
Standard of New York fell Is points
with the corresponding decline in
the new $25 par shares. Magnolia
Petroleum, Vacuum Oil, Standard
of Kentucky and the new Standard
Oil Of New Jersey sharaes were all
very weak and so were the Pipe
Line stocks. Prairie Pipe Line
broke 10 points.
Ohio Oil announced dividend of
s. a share ON the 100000 shares of
capital stock payable to holders of
record December l. Stockholders
also approved an increase in the
capital from 100000 to S6O,000,-
900. This increase will be used for
the 800 per cent stock dividends.
The weakness in the Standard
Oils extended to the independent
oil shares. There were reports of
salt water in the number 3 we'll in
Toeteco, belonging to Gulf Oil of
Pennsylvania and these brought
heavy selling into the stock. Mar
acaibo, Mammoth Oil and City
Service were all prominent in the
decline.
The remarkable feature in the
t industrial section was the advance
in Shuttle Retail Stores stock
against the market There was no
explanation other than a statement
made some time ago by the presi-
dent that the stock would go on a
IS dividend basis some time next
year.
Motor shares moved with the
rest of the market with the excep-
ton Of Peerless, which was I'D over
, a point.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-11-25
PROHIBITION
IS AMER|cA's'
HARD PUlllI
7'r~4
Continued from First p...s

grows. the federal governmen, -
respect for the existing law s; NY
, n.a And the defenders a. -
hibition point out that il ths "a. q
are liberalized the en,c.s ~ ~
machinery will break down -.
gether and the sale of whisi,. M..
be difficult to stop. W
Meanwhile the resentmen, !, !,
vets over the alleged interfss = -
OF government and state otsei.s.
with personal liberty, the co ss.a's
ued searches and seizures ana 1t -
extremes to which enforcems,ss - y
been carried in some commss;. -
is causing trouble on the ons ss
while, on the other, the ind;ss
ton of the drys over the lay;,ssl J.
certain states and the failn,s v
the federal government to ...o. "
the law more severely rises r. =
to day.
Truly, the federal governm.,. :.
between two fires, President Ha,a'
ing feels that while the ba,tle !.
going on and public sentimsnt !.
shaping itself. he must at Least !.
cure respect for existing Law ~.
idea is that the fundamental lat N
the land and the constitution A..
TOO sacred to be disregarded avss
though a large number OF nson,.
may favor a change. His thou,h,
Is that disagreement with the Nor.
1t OF a law must not be converted
into plain violation of the law
Cites Basic Fault
The whole thing illustrates IN.
basic fault with the probih;,io,
problem from the beginning-tb.|
inability of the drys to rally N.
people Of the wet states to thai,
side early enough. State legisl,.
lures ratified the federal amend. |
ment under pressure from the Anti.
Saloon league and succeeded n
many cases in preventing a refer
endum. Had the latter been per.
mitted, it is quite possible tbul
some states now counted as vel
would have voted dry and IL,
movement for law enforcement
would have been the gamer.
Irrespective. however, of the tae
tics of the past, the president and
his cabinet are united that tn
thing to do now is to appeal ID
public sentiment to respect the Law
until the people through congress
actually modify the law in orde.id
fashion. This naturally helps tha
dry cause to some extent, but OH
posed to this theory are thoss
bone dry" vets who have insisted
from the beginning that the quick
est way to get wines and beer back|
was to enforce the law so rigidly|
that the reaction against il would
be inevitable and the pendulum
would swing in the other direction
The federal government, however,
needs the help of state authorities
The president unquestionably hal
taken hold of one of the most
acute questions in American poli-|
tics today-one that helped to make
the last election topsy turvy and
may befog other questions of mo
ment in the 1924 election If some
thing isn't done in the meantime.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-11-25

New York, Nov. Chief inter-
EFT In todat's bond market cs4tered
In the continued activity 4 Id
vancing prices OF French securi-
ties. The rise In those bonds was
generally ascrfbsd to the optimistic
statement a. to European conditions
made by President Mitchell Of the
National City bank. His declara-
ton that At present prices French
bonds represents "a ridiculously
low credit rate" brought some good
buying into the market. Both the
TVS and the SIS responded and
Department Of the Seine rs were
alphabetically strong.
Outside OF the activity IN the for
eign group there was little interest
shown In the market. Chicago
Great Western IS which had such
a sensational run, up just before
the close Friday afternoon dropped
between two and three points to-
day. Nor was any explanation at
hand Of Fridays episode. Chicago
Great Western has been operating
very poorly for a long time. Other
speculative bonds to score losses
today included New Haven SIS and
the New Orleans, Texas and Mexico
incomes.
United States government issues
went slightly lower but the very
high grade railroad bonds, of
which Atchison general As is typi-
cal. held very firm. Holders of
securities of this grade seemed to
have regained their confidence.
At any rate there were no evil
dences of sale on the theory that
the reaction in high grade bonds
was likely to go farther. Mean
while it is very interesting to note
that the weekly statement Of the
1856 member banks Of the Federal
Reserve, system published today,
showed decrease of $29, 000, 900
in commercial loans and an in
crease of S17,0G0,000 III total invest
ments. This latter increase is di-
vided between $7,000,000 in gov
eminent and $10,000,000 in corpor-
ate securities. All these figures in
dicate a reversal Of the liquida-
ton On the part of banks of Sc
curities bought at lower levels
year or SO ago. 1t was this liquida-
ton which was one of the factors
adversely affecting the bond mar
ket during the recent decline. I'm
less there is an unexpected larger
demand for money for business
purpose the market is not likely to
be depressed by sales from the
banks
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-11-25
WEEKLY GRAIN AND
PROVISION REVIEW

Chicago, Nov. 25.-Big new esti-
mates of the Argentine exportable
surplus have had much to do with
giving a downward slant to the
wheat market this week. Compar-
ed with a week ago wheat this
morning was &c to 1Bc lower,
with corn off &c to INC. and oats
showing a setback Of Ac@3sc.
Net changes in provisions varied
from 45c decline to 32c advance.
According to the latest figures.
Argentina will be able to export
37,O00,000 bushels more wheat this
season than had been deemed prob
able, and the enlarged estimate was
given particular notice in view Of
advices of favorable weather for
the Argentine harvest at present in
progress.
Reduction in estimates of the
Australian wheat surplus acted
subsequently as more or less Of an
offset and SO did a bullish con-
struction which in some quarters
was placed ON President Harding's
reference to proposed legislative
measures to aid the farmers.
Disquieting reports about Brit
ish unemployment conditions. how
ever, as we'll as bearish advices
concerning the outlook for the
winter wheat crop in this country
led to fresh decline, and abate-
4 ment of car shortage tended fur
Their to ease values. On the other
hand, az the week drew to close
the wheat market gave considera-
BILE evidence of rallying power that
was ascribed partly to gossip about
y plans to finance European bread
stuff purchasing in the United
: States.
e Corn and oats receded with
wheat. It was asserted that the
feeding demand for corn has les
sened inasmuch as hogs were SELL
i ing below the value of corn.
Packers buying made the pro-
visions market hold relatively
steady.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-11-25
CONSTITUENT
ACT PUBLISHED
Bill Setting Up Constitution of Irish
Free State Is Made Public In
London.

London, Nov. 25.-(By The Asso-
ciated Press. THE bill setting up
the constitution of the Irish Free
State and known as the constituent
act, was published here today. 1t
provides for the temporary contin-
uation of the present system Of tax-
alton and gives the Irish Free
State power to adopt acts applic-
able as, to their dominions.
The first schedule contains 50
articles. 1t is declared that the
national language in the Free State
shall be Irish, with English given
equal recognition as an official
tongue The legislature will con-
sist of the king and two houses. a
chamber of deputies and senate,
known generally as the Oirachtas.
All citizens Il years old have the
right to vote for members of the
chamber while citizens 80 years OF
age may vote for the senate.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-11-25
MEETING PLANS
CHECK ON CRIME
Illinois Association for Identifica-
ton Will Meet in Chicago Nov.
q and Is.

Joliet, ILL.,, Nov. 25.-Extension
of finger printing and other identi-
fication methods to check the
growth of crime in Illinois will be
discussed here Nov. q and %, at
the annual convention of the ILL
nois State Association of Identifi-
cation.
Representatives of the depart
ment of justice, treasury depart
ment, bureau of investigation, post
office inspectors, sheriffs. chiefs of
police. prison officials, Bankers
Protective associations and rail-
road special agents will attend, ac-
cording to Edward J. Hargrave.
president of the organization.
John l.. Whitman. superintend-
ent of the prisons of Illinois, and
acting warden of Joliet peniten-
tiary, is slated for election as pres
ident of the coming year.
The convention will be featured
by a visit to the penitentiary and a
study Of the Identification methods
in use there William j. Hickson,
head of the psychopathic laboratory
at Chicago will discuss the use Of
finger prints in tracing morons.
Peter Hoffman, coroner of Cook
county, and sheriff-eiect will de-
scribe finger print registration as
means of decreasing the annual
toll of unidentified deaths, and
Judge Daniel P. Trude of the Chi
cago morals court, will speak on
Identification work in connection
with his court activities.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-11-25
Liberty Bonds
BUTTER MARKET
WEEKLY REVIEW

Chicago, Nov. 25.-The butter
market ended the week today
strong and firm; early receipts on
all markets were taken quickly re-
sulting in good tone and almost
daily advance. Storage butter con-
tinued firm, due to increased de-
mand. Importation of Danish but
ter, due to arrive before Dec. 10,
apparently caused no concern in
buying or selling circles because of
decrease in domestic supply. The
markets closed yesterday as fol-
lows:
Chicago, 52hc, plus &c.
New York, 53c, plus 21zc
Boston, Sic, minus 1c.
Philadelphia, sac. plus 21kc.
Wholesale prices Of 80 score at
Chicago closed at 4SAc, plus &c.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-11-25
YOUNGEST OF
OPERA STARS
TALkSOFLOVE
. ary Mccormick
Says Grand Passion
Comes But Once.
BY CHAN DAVIS.

Consolidated Press Correspondent,
Copyright. 1922, by The Argus. }
Chicago, ILL.,, Nov. 26.-Promiscu-
GUS falling in love is impossible.
That is the opinion of no less an
authority than Americas youngest
grand opera star. Mary McCor-
mick. protege of Mary Garden. and
a brilliant product of that "old
Yankee stock" now. so conspicuous
by its absence from the American
stage.
In taking this position today.
however, Miss Mccormick insisted
that she, herself, was still heart
whole and fancy free.
Love" asserted the girl who be-
gan life as a cowgirl in Oklahoma,
comes but once, even in the life of
an artist. Many artists will dispute
me. but l am certain l am right,
Many will say that the true artist
must have love as constant in
spiration for great work. That is
true, but it is untrue that to be
inspired the artist must transfer
love from one person to another in
order to preserve the thrill that
raises the singer to an emotional
peak.
Everlasting" She Says.
True love comes but once and
is everlasting. 1t is greater than
all and cannot be fought down. It
will persist through everything
through every obstacle placed in
its path; it will climb every bar
rier. jump every hazard that
stands in the way of it's fulfillment,
ITO say that it is possible for
a, woman to love one man one
year, or one month, or a week, and
then later. to fall in love again;
still later again and again, as we
have been asked to believe in the
case of many artists-ah. to believe
that is to credit the most ridiculous
nonsense.
After ALL. what is true of one
class is to a large extent true of
another class and artists do not
have a monopoly on love or the ca
pacity for loving. Their lives are
less sheltered than others, because
it is a semi-public life and tens of
thousands follow the career of ar
lists as closely as a cosby neigh
Dor may follow the course of true
love in the next flat, where the
bank clerks daughter is keeping
company with $50 month mes
senger."
The interviewer listened care
fully. Then impressed with the
sincerity of the good looking young
artists remarks he gulped and
asked:
"And have you ever been in love,
Miss Mccormick?
NO." was the prompt reply, Il
never have"
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-11-25
mica lARk||E
ovERBoUeHT
HITS 30 ON
(By the Consolidated Press.)

Chicago. Nov. 35.-The wheat
market was overbought and the ac-
ton Of the market today was re-
Election Of this condition. 1t is diff
ficult to interest new buying in the
market at these figures and longs
are losing heart waiting for some
thing new to turn up In order to
stir up bullish enthusiasm. Sup
porting orders were uncovered aft
er q decline Of &c and there was
little covering by early sellers that
caused . reaction from the low
point. Seaboard reported q little
parcel business in wheat with Ger
many, but bids on round lots were
&c out of line. The weakness in
Liverpool was due to increased and
cheap offers OF Argentine wheat for
nearby shipment. The farmer who
is relying ON government help to
enhance prices must learn that
there are countries who have wheat
to sell and that despite any move
made by federal authorities the
law of supply and demand still will
make the price. On the other hand
it would not be amiss to point out
to the government authorities that
the farmers present situation is
due to poor transportation facili-
ties, preventing marketing Of grain
in an orderly manner and the re-
Mobilization of rolling stock would
do much to alleviate the position
of agricultural communities. Min
neapolis cash wheat premiums were.
1c to &c lower. Winnipeg, Hc to
NC lower and at Chicago I'M
changed.
Corn suffered losses as the re-
suit of liquidation and poor trade
buying power. 1t is being gener-
ally intimated that the big long in
terest is marketing corn on every
hard spot and this has weakened
the morale of other longs. West
continues bullish on corn but the
eastern situation is weak. Cash
premiums were quarter cent lower.
Oats suffered declines because OF
the weakness in other grains. Ship
ping demand is better.
Provisions were firp. Hogs are
higher and this induced little
eastern buying. Offerings we're
light.
Wheat closed at the bottom, meet
ing with no support even at the
last Market closed 11sc to 2ssc
lower: December, 1.15b @1.16; May
1.15h @115A; July, 1.06A @1.07.
Corn closed 1k@15sc lower; De-
cember, 601s@69hc; May, 6SA@
6SH@6SAc, and July, 6SAsc. Oats
were &c to 1c lower; December,
42A @42Sc; May, 42@42hc; July,
39hc. Lard closed 2hc higher and
ribs 15c higher.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-11-25
lain TIERS
STEADY HOGS
15c ] HIGHER
nv the consolidated Press. J

o118SAtA4
U. s. Yards, Chicago, Nov. 25.-In
the cattle alleys one OF the years
largest runs arrived during the
present week. About 10000 tail
end westerns were included In .
count OF more than 5000. An In
crease in the supply Of aged sheep
was noted this week, and heavy
ewes that went up 50 fast 4 week
or 50 ago. lost all the gain. show
ing decline Of about $1.00 for the
week. Less than 5000 hogs were
held over from yesterday and
prices we're higher today.
Receipts were 1000 cattle; 5000
hogs; 1000 sheep and 300 calves.
CATTLE.
No choice steers were offered to-
day. Small lots Of medium and
plain animals sold steady, but the
market was off 2505O cents COM
pared with a week ago. Best cows
and heifers held we'll during the
week, while medium grades closed
easy. Gamers showed strength but
DulA0 WcIc easy a. tAC GlOSC. Ss.1A
trade closed mostly LOO lower. Bulk
of vealers went at 8.00Q8.5a at the
end Of the week.
HOGS,
Demand was active today and
values generally were 10@15 cents
higher for all grades. Choice 1876
@z10 pound lots went at SIS with
few rough packing lots below TBS
A week ago today, best hogs sold
at $40. Choice butchers sold at
8.00@S.20 while good pigs made
S.00@S.25.
SHEEP.
OF the estimated 1000 sheep and
lambs for the local yards about 200
were received by big killers from
other trading points, and the mar
ket was hardly more than nomi-
nal one. Fat lambs were quoted
nearly steady compared with a
week ago, but heavy ewes and also
most grades OF yearlings were Oft
about 100 for the period.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-11-25
~ 1IFEIAkR 81 WEST.

Nan Street, NsW York. Nov. 7s.-
y6r today's suddsn renewal Of the
'eelllng movsmsnt On the stock ex-
l1naGo the Fundamental explana-
Hon was that the liquidation which
has been going ON intermittently
for over . month in response to the
necessity Of strengthening the Wall
street position had again broken
out. The immediate occasion for
exposing this weakness was the an
nOuncement Of the Bethlehem
Nidvale merger. and the discovery
that 80 far from being an argument
IN favor Of. the steel stocks, it ac-
IN favor OF the steel stocks, It
could actually be used as a club
against the entire market. The
huge addition to the Bethlehem
steel capital was thes thing most
insisted upon. But besides this the
thought was In peoples minds that
this latest merger had been put
through in an effort to reduce costs
I 70 meet the sharp competition now
going ON in the steel trade. The
volume Of business is indeed good
but IL is a question for the so-called
independent producers Of the pro-
1T margin, and whether this is
enough to make satisfactory show
In current earnings.
1t was when the market received
the merger news with indifference
and Bethlehem and Midvale shares
commenced to fade away that trad
! ers were encouraged to renew
their efforts on the short side gen
orally. These efforts were more
successful than those of the prev
ious days, especially when directed
against stocks like Standard Oil
of New Jersey. Studebaker. and
Baldwin Locomotive. in which last
!. summers bull" movement had
been carried to the greatest ex-
IRENE. The Standard Oil sharaes
sold well below where they were
before any talk Of stock divi-
dend. Baldwin Loco felt the effect
Of the disappointment aroused over
the disclosure that with all tina.
. has been said about the exception.
al business Of the equipment COM
panies during the last half year.
earnings for the full II months of
1922 will be considerably under
: those of 1921.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-11-25
Weather Forecast

Illinois: Fair tonight and prob
ably Sunday; rising temperature
Sunday and in west and north Dor
tons tonight.
Indiana: Fair tonight and
Sunday. rising temperature Sun
day and in northwest and central
portions tonight.
wisconsin: Generally fair to-
night and Sunday, except some
what unsettled in north portion
Sunday; rising temperature tonight
and in east and south portions
Sunday.
Missouri: Fair tonight and Sun
day; somewhat warmer in north
portion tonight and in east portion
Sunday.
Iowa. Fair tonight and Sun
day; warmer tonight and in ex-
IRENE east portion Sunday.
A.. the news all the time-The
Argus
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-11-25
Chicago Potatoes.

Chicago, Nov. Is. Potatoes
steady; receipts, Is cars: total
United States shipments, 67S cars;
Wisconsin, bulk. round whites, 500
100 cwt; ditto, sacked, S5@95c cwt
Minnesota, sacked, round whites
S0G90 cwt; Minnesota, sacked, Red
river Ohios, No. II, 95@105 cwt /;
North Dakota, sacked, round whites,
5000 cwt
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-11-25
Peoria livestock

Peoria, ILL.,, Nov. 25.-Hog re-
ceipts, 500; 15c to Csc higher, top,
$40; lights. 7.75@S.00; mediums,
7.S0@S.10; heavies, 7.sO@S.10;
packers, 7.00@7.50; pigs, $50 and
lower.
Cattle receipts, light; steady;
calves, steady; top, 7.50.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-11-25
Chicago pro'd4iOna.

Chicago, Nov. 25.-Butter: high
er; creamery extras, So; firsts Al
Gas; extra firsts 4Sh @52; Sec
onds, 5000; standards 48k.
Eggs: steady: receipts 1861
cases; ,firsts 45@47h: ordinary
firsts 5000: miscellaneous 400
43; refrigerator extras %; refrig-
orator firsts 25k@26.
Poultry: alive, higher; fowls
12@1Sh; springs IS; ROSTERS IL;
turkeys IS; geese Is.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-11-25
Horses and Mules.

Horses. good to choice drafts.
s145@S165; good eastern chunks,
$75@$110; choice southern horses,
S60@$75.
Mules: 16 to II hands, $175@
$3.50; ISL to 161s hands, $115@
sl95: "A to Is hands, $300$65.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-11-25
BANKS SHOW INCREASE.

7 New York. Nov. 25.-The actual
condition Of the clearing house
banks and trust companies for the
week shows a deficit in reserve of
S5,56S.010. This is an increase of
reserves of s14,074,590.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-11-25
St. Louis Futures.

st. Louis, Mo-, Nov. 25.-Wheat
closed: December 1.15B; May
LA.
Corn: December 69A; May 6Sa4.
Oats: December "A; May 43A.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-11-25
Silver.

New York, Nov. 25.-Foreign bar
silver, SAY; Mexican dollars, .491h.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-11-25
STEEL MERGER COMPLETED.

New York, Nov. 25.-Completion
Of the arrangements for the absorp-
ton of the Midvale Steel and Ord
nance company by the Bethlehem
Stael corporation. vas announced
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-11-25
st. Louis Cash Grain.

st. Louis, Mo-. Nov. 25.-Cash
wheat: No. 2 red 1.30@1.31: No. 3
red 1.2c.
Corn: No. 2 white 74h; No. 3
white 74h.
Oats: No. 2 white Az; No. 5
white 44@44A.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-11-25

A.. the news all the tims-The
Argus