davidaulloa/AmericanStories huggingface dataset:
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-02-04
tss the Associated Ere.
LiUe Stock
Chicago Livestock.

Chicago, Feb. 4.-Cattle-Re-
ceipts. 500. Compared with week
ago: Beef steers. mostly 25 to Acc
higher: she-stock, 25(to Csc high
er: bulls mostly CSC lower: good
and choice handy weight calves,
steady; light vealers, weak. most
ly 25c lower; stockers and feeders,
Is to Csc higher on better grades;
cheaper kind, show little change.
Hogs-Receipts. 1000; fairly &C
tive; lights mostly 10 to 15c high
er; others steady to strong. with
Fridays average; shippers bought
about $500; fairly good clearance;
top $40 for one load $50 TO 100
pound hogs: very few over $50:
bulk mediums and heavies, $3.50
9.25; pigs strong to 15c higher:
bulk desirable 9.35@e.50; few at
$50.
Sheep-Receipts $500; today's
receipts nearly all packer direct
Compared with a week ago: best
fat lambs and yearlings 10c to Csc
higher: other grades fat lambs,
heavy yearlings and feeder lambs
about steady; fat sheep around Csc
lower.
Prices for live stock in Chicago yester-
day were:
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-02-04
Market
BY STUART P. WEST
Copyright. 19z2)

New York, Feb. 4.-There was
some trading in gray goods in the
dry goods market today but deal
ings as a whole were confined
largely to goods for February de-
livery. Buyers still are holding off
on the chance that wage reductions
in New England will mean price
reductions here but manufacturers
declare that this is not probable
as a large part of the reductions
has been discounted in prevailing
prices. Trading in print cloths
was dull with little change in
prices, southern 381a inch 64x60's
were maintained around s cents
while 80 inch 6Sx72's were at 91s.
Sheetings were dull and inactive
and sateens easy.
The advance in the market for
raw silk at Yokahoma had some
reflection in a slight advance in
prices here but dealings in finished
goods continued nominal.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-02-04
MINERAL

Roscoe Darlington is not very
much improved, the abscess under
his arm still giving him a good deal
OF trouble.
Mrs. Beatrice French was called
to Joliet, ILL.,, Wednesday. on ac-
count of the serious illness of her
father.
Miss Macie Reider was able to be
outdoors today for the first time in
two weeks. She is recovering from
an attack of the grip.
Mrs. Beart Kearns is on the sick
list again.
Mrs. Tom Bryan is taking care
of Mrs. Iva Trotter since the nurse
Of Davenport has gone
Mr. and Mrs. Wilbur Tomlinson
are both sick with the Quinsy.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-02-04
Kansas City Livestock.

Kansas City, Mo, Feb. 4.-Cattle
Receipts, $50. For week, beef
steers stronger to 50 cetns higher;
mostly 15@25c higher; fat cows,
25c higher; heifers steady to soc
lower; better grades declining,
bulls steady to strong; Gamers,
cutters and stock cows and heifers
strong to Csc higher; calves most
ly steady to soc lower; stockers.
feeders and stock calves averaging
steady; top beef steers, 8.25.
Hogs-Receipts, 1000; fairly &C
tive TO packers; mostly steady to
strong; best $50 pounds, sos; bulk
good. 10000 pound weights, $40
6S.S5; most droves lacking quail
ity; bulk of sales, 8.35@S-90; top,
895; packing soWs, mostly, 100;
fat pigs up TO $50.
Sheep-No receipts. For week:
Sheep and feeding lambs, steady:
fat lambs generally 25c higher;
top. 1885.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-02-04
Bond Market
BIT STUART p. WEST
sCopyright. 1921

New York, Feb. 4.-The contin-
ued advance in sterling exchange
was more conspicuously felt in the
bond market than elsewhere today
and the foreign government group,
led by United Kingdom issues, were
the feature of the tive hour ses-
sion. Interest in local fractions
waned in face of the buoyancy of
foreign external loans. and al
though the various transit matur-
tiles were fairly active, their ad-
vance of the past week was check
ed. All the United Kingdom So
per cent bonds reached new high
prices. The 1929 and 1922 loans
were most prominent. Their rise
was in direct response to the move
ment in sterling, inasmuch as they
are convertible, at par and inter
est, Alto the British national war 5
per cent bonds, fourth series, ster-
ling being computed for the pur-
pose of conversion at the fixed rate
of s4.30 to the pound With the ex-
ception of Brazil IS, the rest of this
section gained substantially. City
of Toxic 5s were up nearly two
points, and there was pronounced
strength in Mexican, City of Berne,
Queensland, French and Republic
of Chile issues. Liberty bonds
again reacted.
The chief incident in the indus
trial division was the activity IN
Cuba Cane Sugar convertible Is, up
a point. as, well as the trading in
Chile Copper 6s, and Armour and
company AIS, both of which were
up over half point. Railway
bonds maintainer their gradual ad-
vances, which became more notice
able yesterday. st. Louis and San
Francisco issues were all up and
prices rose a point or less in the
case OF Erie Traction, Chesapeake
and Ohio AIS, Missouri Pacific As,
Southern Railway IS, Missouri,
Kansas and Texas adjustments.
Reaction set in in the market for
Canadian provincial bonds this
week. The volume of business fell
off and prices sagged. Manitoba 6s
of 1916 were 104H bid, offered at
104A, the 6s of 1880 were 9914 bid.
offered at 1908; and the IS of 1926
were 951a bid, offered at 961a. On
tario As of 1925 were 9212 bid; Of
fered at 80 and the SIS of 1929
were 97A bid, offered at 9Sl2, and
the 6s of 1943 were 104A bid, Of
fered at 105A.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-02-04
BUTTER MARKET
{. SHOWS UNUSUAL
81 STEADY PRICES

al Chicago, Feb. 4.-Steady prices
Its this weeks butter markets, an
! unusual condition at this time of
b the year. developed Unexpectedly
like a luIl after a storm" accord
3 ing to H c. Taylor, chief of the
5 Chicago Bureau of Markets and
Crop Estimates, United States de-
partment of agriculture, in a re-
ayiew of butter market conditions
today
So THE Chicago market" his re-
! port said, remained unchanged at
nS7 cents a pound during the en-
% tire week, while the New York
varied but one-half cent.
The Philadelphia and Boston mar
kets showed changes of from one
to two and one-half cents, with the
former holding the weeks lowest
price at SO cents yesterday.
So sAfter long periods of depression
during the fall and early winter
months, the markets apparently
reached bottom" the bureau report
said. Buyers, both consumptive
q and speculative, jumped in to in
crease stocks at bottom prices. This
lied to sharp reaction which prov
ed only temporary and the markets
again became weak and unsettled.
Receipts became lighter due to Sc
we're weather, low domestic prices
and frmer foreign markets, which
decreased imports.
81 Low prices increased consump-
ltlon and the markets gradually,
during the week ending Feb. 4, and
! the week previous, assumed steady
healthy positions with supplies just
about sufficient to meet a regular
eonsumptive demand"
rs lmportations have played a rela-
iatyely important part in market
2 conditions for several weeks, the
report said, because actual arriv-
ais were very light and the condi-
ton of foreign markets was such
mat little was expected in the near
iuture. Several shipments arrived
IN New York this week, however,
including 5000 boxes of Australian
3 butter from Vancouver. 200 casks
2 rom Denmark and SOS boxes of
New Zealand butter from South
. ampton. San Francisco also receiv-
ed 6,23S boxes from Australia.
The week closed with cautious
ouylng, but with a good consump-
we demand, the report concluded.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-02-04
LIVESTOCK At
HIGH POINT or
week AT CLOSE

chicago, Feb. 4.-Light runs were
reported and the market for cattle
and sheep was of little account.
Seilerssfound the market for stock
er and feeder cattle better at the
close of the present week. This
was fact which made the future
OF the cattle market look more
bright. Killing cattle showed bet
ter quality than last week. Nearly
all kinds of livestock closed at the
weeks high point Receipts today
were estimated at 500 cattle: 1000
hogs, $500 sheep and lambs, and
300 calves.
Cattle.
Few cattle were on hand today
and quality was plain Sales were
made at generally steady values.
but the market was of little ac-
count. Good steers closed mostly
25c above a week ago, with top
heavy lots quoted at $9.0009.50
Some spots showed more gain, but
othe grades were only steady for
the period. Cows. and heifers. were
up 15@25c, while calves gained 25
cents. Bulls closed weak, while
Gamers and cutters held steady.
Hogs.
Light hogs were up 1O615 cents
from the start today. but some
deals were as much as 20 cents
higher later in the day, and prices
were at the weeks high point, with
top lots going at $50 against 1925
at the close of last week. Few
rough packing hogs went below
S775. Heavy kinds of butchers
were in somewhat slow demand and
values were only steady.
Sheep.
OF the estimated $500 about $500
were received by big packers to-
day and the trade was only a nom
inaI one. Top lambs were quoted at
S14.10 and the general market was
25 cents higher for the week, this
for the best lot. Plain lambs were
only steady. Aged muttOns showed
little change, but the trade was
weak at the close.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-02-04
WHEAT PRICES
HIT TOBOCGAN
AS WEEK ENDS

Chicago. Feb. 4.-Decines took
place in the value of wheat today
during the early dealings, demand
being less urgent than has been the
rule of late. The Iessened dispose
ton TO buy was ascribed to appar-
ent slackening of the upward tend
ency OF quotations in foreign mar
kets. Weekend proflt-taking here
on the part of holders of wheat
counted also as a factor in sending
prices down. The oepning. which
varied from sc to is lower. with
May $1.24A to $1.25. and July SI.0S
to SI.0s1a. were followed by i
slight further setback but then
something of a rally.
In the last part of the day, prices
sagged again. The close~was IN
settled. 1ac to 1Isc net lower, with
May at s1.25 TO s125ls, and July
$10SA to SI0S2s
Corn and oats eased on with
wheat After opening unchanged
TO Sc lower, May SO to 55ts, the
corn market held within the ini-
tial range.
Subsequently corn prices made a
decided upwar dswing. Predictions
were current that there would be
an actual shortage OF coarse grain
prior to a new crop. The close was
strong. sc TO 11sc net higher with
May SO to 561sc.
Oats started unchanged to &c
down. May 3942 TO 1885, and later
sagged little more.
Upturns in the value of hogs
were paralleled by provisions.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-02-04
WALL STREET FEATURES
p WEST tcopYxIerr 1870
BALDWIN LOCOMOTIVE.
:. WEsf tcoPfRIGHT. isz2.l

Baldwin Locomotive had begun to
show special strength just as BUSH
ness LEFT OFF yesterday. 1t started
IN with a rush today, reaching 80
on the first few transactions and
got up to 101 shortly afterwards. A
house which is prominently identi-
fed with the socaIled uptown crowd
had a buying order for 5000
shares, and this the board room set
down as short covering. This same
uptown coterie, which ordinarily
favors the bear side, has been yerv
badly hit in the market for the last
Few months. Corn Products is one
of the stocks which it has been
lighting all the way up, and Bald
win is another The main reason
Tor the rise in Baldwin, however.
as pointed out here yesterday. is
the expectation of a very favorable
report for 1921. This, it is thought.
Will show surplus for the common
shares Of between $40 and s25, and
1t would not be surprising if the
balance sheet discloses the entire
3O,0OO,000 bank loans of a year
ago wiped out.
FAMOUS PLAYERS.
The basis for the advance in Fam
Gus Players stocks was furnished
by local news agency forecast OF
what the annual report would show.
According to this the surplus avail
able for common dividends will be
over $50 share as against s21.75
the previous year. Meanwhile the
company's bank loans have been
reduced $3,900,O00 against $4,SOO.-
O00 on Oct. and the program is to
get this item down to 100000 be-
fore the first of next July.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-02-04
fTERLING STILL
sKYROCKETS ON
n. Y. CHANGE
nv STUART z. WEST.

rall street. New York, Feb. A.
=. advance in sterling exchange
ksrxed no signs of slackening to-
E[r Even before New York had
a.s,ed business sight drafts on
,s.don had touched $4.321a and
Srsnch francs had passed their
.rsyious top, getting up to $40
r.sts By an interesting coinci-
..,ea this highest rate for sterl-
- aimee the second week in Aug
= 1919. came on the precise day
<heu two years ago record low of
,sIs was reached. The strength
( The exchange failed for the first
80 10 find response in the wheat
-arket. But an early decline re-
mlting from natural realizing sales
As quickly checked.
:. IN stocks the sterling movement
ras undoubtedly an influence, but
.utte a minor one. The market
merely continued to move forward
under the momentum previously ac-
suired. There was the usual irreg-
slarity as the professional follow
;nr went out of some stocks into
eshers. but not at any stage of the
txo hours was there any question
about the upward tendency of the
Iist as a whole. Railroad stocks
we're not as prominent as yesterday
and were inclined to react. The in
5ustrials for the most part were
consistently strong, especially in
the last half hour. Baldwin Loco
motive, Pullman, Westinghouse
Electric and Allis Chalmers were
PARTICULARLY favored, as the bust
ness of all these companies has
been good in the past and seems
assured for the future Corn Pro-
ducts was another feature and
Chandler Motors and Studebaker,
although feeling the effect of real
izing in the latter part of the morn
ing, went through their former high
levels first.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-02-04
TWO AVIATORS
. TO START NORTH
5 WITH AMUNDSEN

Chrlstiana, Norway-Two Nor
wegian ayiators. Lieutenant Omdal
and Sergeant Odd Dahl, will ac-
sompany Ronald Amundsen when
ne starts north again from Seattle.
wash, next May and will make 4
, ussh for the North Pole by air
plane.
ihey will also carry a moving
ssgeture outfit and about 10000 feet
S9 nim. Two extra men have been
1saged here by Amundsen for the
t1pedition.
both 0mdal and Dahl are ex-
eeft wireless operators and expect
70 Keep the Maud, Amundsen's
sup In touch with Spitzbergen and
receive messages from the Nor
ger
=, The two aviators will join the
maud at Seattle. The airplanes 10
&c used in the North Pole dash will
ave motors of so horsepower, ac-
sonnodate two passengers and be
p'ovlded with skis and wheels.
ohly one machine will be used at
time and the other held in re-
soIse. As the Maud does not offer
Seicient space, a shed must be
'I.lt on the ice for them.
me Norwegian army and navy
ave presented TO the explorers the
~Is and munitions they may need
aad 6O boxes of specially selected
s.oflslons, tested by Professor Tor
~ OF the physiological laboratory
NE University of Christiana. will
~ sent to Seattle for their use.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-02-04
WEEKLY GRAIN AND
PROVISION REVIEW

Chicago, Feb. efforts to over
come serious lack of reserve stocks
of wheat in Europe have apparent
ly been the chief factor causing a
big advance of wheat values this
week. The Chicago market this
morning compared with week ago
was up 63sc to 91ac a busheL 9th
er net gains for the week were,
corn 1Ac@1Bc to 21sc. oats re
to q C, provisions CSC to s2.1S
Nearly every day witnessed a
continuance of climbing quotations
for wheat. with buying power in
the market more active than had
been seen before in several months
The scantiness of supplies at the
Atlantic seaboard was perhaps more
clearly shown when the stock at
Liverpool was down to T6O. 600
bushels. as against $500, 900 bush
els a year ago Need of a remedy
was emphasized by news of drought
in various European countries,
France in particular. and by evi-
dence of what some authorities de-
scribed as an approach to an over
exported condition in the United
States.
A poor outlook for the growing
domestic wiRter crop was likewise
a factor, and so too was reduc-
ton OF 100000 bushels in the es-
timated yield of Australia. Under
these circumstances, the advance Of
prices was unusually swift, il be-
ing contended here that United
States hard winter wheat was the
cheaDest wheat in the world
Corn and oats prices reflected in
some degree the action OF the wheat
market. Notwithstanding hindrance
from huge receipts of corn.
Provisions rose in value with
hogs and grain.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-02-04
Weather Forecast

Illinois: Increasing cloudiness
with probably rain in south. and
west portions tonight and Sunday
and rain or snow in northeast por-
ton Sunday; warmer tonight ami
in northeast portion Sunday.
Missouri: Increasing cloudiness
with probably rain tonight and in
east portion Sunday: warmer to-
night.
Wisconsin: Unsettled weather
with snow or rain Sunday and in
west and north portion tonight;
warmer tonight and in east portion
Sunday.
Iowa: Unsettled with probably
rain or snow in south and east
portions tonight and east portion
Sunday; warmer tonight.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-02-04
JOY

]. H. Stoddard of Rock Island is
here attending to business for the
Aetna Insurance company.
Philip McNeal OF New Boston
came Thursday for visit with his
laughter, Mrs. B. Wheeler. and
family.
Mrs. Omar Willis went TO keiths-
burg Thursday for visit with her
mother. Mrs. John McNall.
The Pomeroy Wimodansis club
met Thursday afternoon with Mrs
J. B. Epperley. There were = Ia
dies present. The hostess served
delicious lunch at 4 O'Clock. The
afternoon was spent informally.
Mr.. and Mrs. Fred Forrest went
to New Boston this afternoon to
attend the funeral Of Mrs. Glen
Greer
Twin tube tunnel, 1900 feet long
has been completed under the river
EIbe at Hamburg. Germany.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-02-04
BALED PAPER ON
FIRE ENDANGERS
FORMER FACTORY

The Rock Island fire department
was called at lis o'clock this aft
erncon TO the old Rock Island Reg
lister company building. Thirteenth
street and Fifth avenue, now owned
by Henry Morris. where baled pa
per stored in the building was
ablaze-
1t was necessary to lay two lines
of hose, but the tiremen checked
the fire before any damage was
done TO the building itself. No one
was in the structure at the time OF
the fire. but it is believed that per
sons in the building this morning
left a lighted cigar or cigaret stub
among the waste paper Several
bales of paper were badly burned
Damage Will not be over S25.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-02-04
MISSOURI PAcIFIC

The December earnings statement
OF the Missouri Pacific shows the
effect OF the traffic slump in an op-
Grating deficit of $SS,1s4. In No
venDer there was an operating in
come of sl,156.000. The net for the
year is about 1856 900 and other
income will bring this up to about
Sl1,2oO, 900, which will cover fixed
charges and leave about l per cent
for the preferred. This, however.
IS not the whole story. 1t was the
very poor results of the first half
OF the year which brought down the
average. At the present rate, o.
rather at the rate of the second
half or 1921, there would be about
76c available. There were included
In December account charges
amounting to $1,4o0,440 under the
ruling OF the Interstate Commerce
commission to anticipate future
payments applying to the guaran-
tee period.
MOTOR STOCKS.
The two leading motor specialties
Chandler and Studebaker-were
close rivals to Baldwin Locomotive
for market leadership. Both went
through their previous highs,
Studebaker getting above 80, and
Chandler striking 81 Immediately
at the opening. Studebaker's re-
port for 1921 will show between
SIS and $50 a share earned For
1922, based upon the results for the
first quarter, which are now well
known the estimates are aYtrnrn alv
rosy. One house in it's letter this
morning put the figure as high as
$40 per share.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-02-04
THE BAT" CROWDS
ILLINOIS THEATRE
FOR SECOND TIME

1.-THE Bat" drew another large and
enthusiastic audience to the llli-
nois theatre last evening at its fin
al appearance in Rock Island.
Its success here proves that the
atre goers appreciate first class
productions and turn out in goodly
numbers when plays of real merit
bespeak their patronage.
Probably the equal Of The Bat
as a mystery play is not to be found
on the American stage.
The management OF the Illinois
theatre IS to be congratulated as
we'll as thanked for dating an at
traction of this character.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-02-04
Foreign Exchange.

New York, Feb. 4.-Foreign ex
change: strong.
Great Britain, demand: 1927
4.33.
France: demand S.3S1h.
Italy: demand 46S.
Belgium: demand S.02
Germany: demand .4915.
Holland: demand 1920.
Norway: demand 1920.
Sweden: demand 25.T0.
Switzerland: demand 1850.
Spain: demand 1885.
Greece: demand 446
Poland: demand .0314.
Czechoslovakia: demand 1.e1.
Argentine: demand 37.75.
Brazil: demand 1900.
Montreal: .95A.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-02-04
URGING Lower
THEATRE PRICE
Joseph HOpp Encourages Reduc-
ton of AdmisSi0ns-GO Make
Announcement Soon.

Reduction of theatre admissions
which is being debated by motion
picture house owners of the coun-
try. is prophecied early in Rock
Island.
Joseph Hopp of the Rosenfeld-
Hopp q Co. OF this city, who SAID,
prices must be reduced IL moving
picture houses are to be made prof
liable TO their owners, in an arti-
Gle in the February Motion Picture
News. stated that within a few days
there will be an announcement OF
a new scale of prices for the Fort
Armstrong theatre.
In his interview in the Motion
Picture News, Mr.. Hopp said that
since he has put his theory into
practice at one of his theatres, he
has quadrupled his business. His
article in the picture magazine Is
in part:
I'm Rock Island and immediate
vicinity, the big industrial plants
closed about nine months ago and
are still closed, with no indication
of when they will resume opera
tion. 1t is estimated that this has
thrown out of work about five thou
sand bread winners in Rock Is
land, nearly all Of whom, or equal
numbers, are still unemployed. Our
company operates two houses in
Rock Island. one on a high grade
basis, the other upon an ordinary
basis. With a continuous losing
business here we had an economic
problem to meet"
Mr.. Hopp goes on to explain that
since the Majestic prices were
placed at 10 cents. the business has
increased four times, while pre-
viousiy it had been a losing propO-
sition. OF prices in general, he
says:
Back in Pre- War Scale.
In our opinion exhibitors dur
ing the prosperous war period were
going too fast and now they must
co their part to help bring things
back to a pre-war basis. Another,
and perhaps the most important
angle, is consideration of the fact
that the man unemployed cannot
take his wife or sweetheart to
show and pay TO cents or more fer
pair of tickets, although he will
spend 20 or 80 cents.
He, toe, must have his recrea-
ton. and exhibitors hoping 10 win
popular favor should adjust their
business TO meet the exigenciea {.
the present industrial situation.
Admission prices will have to come
down. and with this, of course, the
cost of operation, of which the
film service plays the greater part
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-02-04
RAIL HEAD SEES
NO LAB0R PEACE

San Francisco, Calf. Feb. A.
Julius KruttsGhnitt, chairman of
the executive committee of the
Southern Pacific company's direc-
torate, in a statement last night,
declared:
There will never be any real
peace with railroad labor until the
government more closely combines
and coordinates the functions of its
rate making and wage adjusting
bodies"