davidaulloa/AmericanStories huggingface dataset:
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-21
MAY WHEAT IS
FORCED TO new
HIGH BY BULLS

Chicago, April 2I.-Forcing tao
tics were used by the bulls in May
wheat at the opening and a bulge
to the highest price of the present
upward movement was recorded.
II seemed to be known to the longs
that locals had put out short wheat
on yesterdays c.osing bulge and
when cables came higher, bulls
started prices up sharply, forcing
overnight shorts to cover on stop
loss orders. Some selling appear
ed on the bulge and this encour-
aged locals into replacing short
lines, but they were forced to bid
up prices when they covered later.
The deferred months were meeting
with good buying also, but increas-
ed offerings were encountered on
the bulges. There was some talk
of exporters buying May wheat
early. March exports of wheat
were reported at 7,645, 900 bushels
Canadian farmers are reported in
censed over the action of the gov
eminent in refusing to establish
the wheat board and a move to re-
duce acreage is on foot Weather is
hICi 9 IdFOEdDl0 IOf the crop. he
ce1pts of wheat are increasing.
Corn was affected by the action
of wheat. Local sentiment is still
bearish, but there has been some
desertion to the bull side. Com
mission houses were fair buyers.
March exports are officially report
ed at 22,600,000 bushels. Domestic
shipping demand was moderate
while export bids were not as
strong as of late. Country sold
corn to arrive more freely.
Oats followed the leaders. Trade
was mostly changing. There was
good buying of September in evil
dence while locals sold July. Cash
demand was a little better from
the south.
Provisions were quiet but firm.
Shorts were disposed to cover be-
cause of the grain strength. Offer
ings were light.
Wheat closed at IS to 21a cents
higher; May LASS to Il; July
1.271s to Il; Sept. 11SA to 119.
Corn closed Il higher to Il lower;
May 61ss; July GAS; Sept. 81.
Oats unchanged to Is higher; May
So; July 405s to y; Sept 42%.
Pork closed sc higher. Lard, I'M
changed. Ribs. 10 to 121Ac higher.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-21
Curb Market
BY STUART P. WEST
Copyright, 1022.'

New York, April 21.-There were
many cross movements on the
curb exchange today. Commission
houses were buyers of some stocks
but sold others and appeared to
have sold on balance. The profess
sional floor traders apparently
were taking profits in some issues
which had enjoyed uptourns earlier
in the week and as result price
changes were highly irregular
Dealings were smaller than in
some time.
Interest swaS shown in Salt
Creek Consolidated Oil which was
traded in here for the first time
although there has been an active
market for the issue in Pittsburgh.
A group of banking houses includ-
ing a firm that has been active in
the standard oils over the counter
in the past has secured block of
the stocks. Merritt Oil was high
er and there was fair inquiry
for Standard Oil of New York and
the Indiana shares. Maracaibo
was in supply and yielded more
than point and there was profit
taking I'M Mexican Seaboard after
early firmness which caused a
sharp reaction from the highest
Creole Syndicate duplicated its
recent high mark.
In the miscellaneous list, Durant
Motor and Hudson Tube issues
were the leaders, establishing new
high records. Philip Morris, aft
er absorbing an early supply, re-
sumed its advance. Lincoln Mo-
tors continued under pressure ap
parentfy because of the uncertain
ty with regard to the effect of the
government suit against the COM
pany. Goldwyn Pictures was
firm.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-21

Kansas City. Mo, April 21.-Cat-
tie receipts. $50; beef steers and
she-stock, steady to strong; best
steers, $40; others, 7.00QS.50;
small lots, plain to choice cows,
4.75@6.50; heavy heifers, 700;
yearlings, 7.60@S.00; other classes,
steady; odd vealers, SEQ; better
grades Gamers, 325; bulls, $3.50
AIS; feeders, 7.50.
Hog receipts. 1000; opened slow
closed fairly active to both packers
and shippers; steady to strong with
yesterdays $50 to $50 Founders,
1O.04@10.15; top, 1915; $50 to 1926
Founders. 9.90@10.10; mixed loads,
9.60@9.8G; bulk of sales, $3.50
1918; throwout sows, S.75@8.85;
stock pigs, steady; better kinds,
10.0G010.25.
Sheep receipts, 1900; sheep,
steady; shorn Texas wethers, most
~ two-year-old S.65; others, S.25:
no wooded lambs on sale; shorn
offerings, strong; 90-pound kinds,
1850; heavier lots, 1900.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-21
STRONG TONE IN
ALL BRANCHES
OF LIVESTOCK

T. S. Yards. Chicago. April I'll
A strong tone was noted in All
branches OF the livestock today.
Sellers regarded this as 3 good
plan on the part of the buyers in
order to try for a big run Monday.
Paying strong prices Friday On a
small supply and cutting values ON
a large supply Monday is undoElbt-
eddy good business for buyers. Re
ceipts we're estimated at 3,0e0 cat
tie. $4,000 hogs. 5000 sheep and
700 calves.
CATTLE.
Demand for good steers was fair
Iy active, but few we're on hand.
Values were generally steady COM
pared with the average OF the day
before, with all steers higher than
at the weeks low point. Some
heavy steers went at SS.25US 50
with fair quality yearlings at $40.
Cows and heifers we're picked up
at unchanged prices. The balance
of the trade was quoted unchanged.
with only a small supply on hand.
HOGS.
Hog trade was slow at the start,
but there was a better demand
later and values were mostly SC
above yesterdays average and fully
steady compared with the best
time that day. Choice light hogs
sold at 5000 for the top. with
most of the light butchers at 1850
Qf0.65. Few rough packing hogs
sold down to 900.
SHEEP.
Few strictly prime lambs were
on hand. Choice shorn lots were
13.75@14O0 while good stuff went
at 13.25@13.5O A small supply Of
aged muttons went over at steady
to strong values.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-21
Bond Market
By STUART p. WEsT
tCcuyrighs. 1927

New York. April 2l--Bo 10
prices today went higher except IN
the liberty loan group where all
except the tax exempt Sta's SOLO
most of the time slightly beio"
Thursdays quotations. Whatever
was responsible for this reaction
airy tendency in United states GOV
eminent securities it failed TO de-
press the rest of the market Ins
domesti railway and industrial
bonds were active as they mao
been during any time in the iajl
month. The advance in the better
grade of railway mortgages prln-
cipally was made but quite general.
but general speculative issues n
several instances went ahead
sharply. Foreign government ex-
ternal bonds kept steady at their
top prices. Argentine rs we're at a
new high around 101.
Among the rails the features m
cluded new high prices for I9z-
in Canadian Pacific debentures As.
Delaware and Hudson refunding %
and Detroit United 41s's. Accom-
panying their rise were new tops
for New Haven debenture skies
above rs, st. Paul convertible AZ S
and refunding AIS, New York West
Chester and Boston AIS, which
Jumped over four points. Green
bay debenture IBIS" and Denver ana
Rio Grande As. the Fries, Great
Northern rs and Baltimore and
Ohio sc also moved IN SubStan-
TALLY. 1t was evident that this de-
mand for railway bonds of all
classes was due in part at least 10
the favorable March traffic state
ments expected shortly.
u. S. Steel sinking fund SIS, after
their sharp upturn to 1O3, sold close
to that figure today. Most of the
days irregularity in bonds prices
lay chiefly in the industrial list
although here, too, previous high
records were broken and strength
was general. Chile Copper 6's, Pa
cific Gas and Electric SIS and few
of the greater New York traction is
sues established their highest
prices for the year. Hudson and
Manhattan refunding SIS and adjust
ment SIS both advanced to new
tops and so did the Third Avenue
All we're up a point
to over three points. American
Telephone and Telegraph bonds,
led BY the convertible SIS, gained
ground and the Atlantic Fruit Is
were active at an advance of more
than, point.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-21
DruGoods Market
BY STUART r. ESD
Copyright, 1822.D

New York, April 21.-Trading in
the drygoods market today was
again confined largely to spot and
nearby deliveries with the firmness
manifested recently fully main
tanned. Mill men were unchanged
in their attitude for higher price
for future deliveries and the vol
ume of trading was broader than
has been the case recently. Both
wide and narrow print cloths were
bought by corverters and bleach
ers and the interest in sheetings
was well maintained for domestic
consumption, although the demand
for export was not especially in
evidence. Heavy sateens did bet
ter and tire fabrics recorded some
business at current prices.
The raw silk market was inactive
after recent price advances, al
though inquiries continued good
and the firmness in primary mar
kets exercised its influence here
WOOL.
Boston, April 21-Predictions by
President Wood of the American
Wooden company that prices for
Wooieu anu WOTSleu BOOuS WOuiQ
be still further advanced and by
inference indicating his belief that
raw wool prices were also due T.,
advance, furnished the dominating
influence in the wool market today.
Trading was in better volume and
prices were firm. Mr.. Woods state
ment that his company already was
beginning flooded with duplicate
orders for fall orders was taken
to indicate better position for the
WOODEN cloth trade. Foreign wool
markets also were reported to be
strong.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-21
FINANCIAL NOTES

The American Writing Paper
company for the year ended Decem-
Der showed a deficit of $1.944,775
after all charges as against sur
plus of 81 ,687 ,672 in 1920.
Manufacturers of broad silks feel
that the situation has changed for
the better. H. R. Mallinson & Co.
report satisfactory sales for the
first quarter and earnings so far
this year sufficient to meet pre-
ferred dividends TO rthe year
Coffee was quoted today: May,
1910 bid; July, 10.24@10.25; Sept,
9.95; Dec, $50. Raw sugar: May,
2.42; July. 2.6S; Sept, 2.S7; Dec,
291. Refined sugar: May, $50;
July, COS; Sept, 6.25; Dec. $50.
The Packard Motor Car company
reports that with the business in
hand the plant can run at capacity
for at least five months. The COM
pany is turning out so new single
skies day.
The following issues sold ex-di ii
dend today: Cudahy Packing pre-
ferred; Federal Sugar Refining
common and preferred; Producers
and Refiners preferred; Public
Service of n. J. common and pre-
ferred sold ex-rights.
The Wheeling Steel and Iron
plant at Wheeling, W. Va, will sus-
pend indefinitely tomorrow owing
to lack of coal. About 1900 men
are affected
ment has been reached between the
Il
the Shell Transport and Trading
company for marketing their prod
ucts comparatively has been Off
cially denied from London.
In the last three months, motor
vehicle production has exceeded
100000 cars and trucks, or So per
cent more than for the same per-
iod las year. There is every prof.
pect of still greater increase in the
next three months, according to the
announcement of the National Au
tomobile Chamber of Commerce to-
day.
The Williams Tool Corporation
has acquired the bolt cutter ma
chine business of the Foote-Burt
company of Cleveland, it was an
nounced today. The Williams
company in 1921 showed a profit of
So a share on its preferred stock.
For the first time in several years
the Republic Rubber company
showed a profit in March. earning
$4,000 after interest and all Other
charges.
British war loan per cent bonds
reached 102 in London today.
]. P. Morgan and company an
nounced before noon that the sub
scription books on the issues of
$1,000, 900 Indiana Steel company's
IS and $3,000,0004 National Tube
company 5s offered today had been
closed.
An official of the American Tele-
phone and Telegraph company to-
day confirmed the report that his
company had disposed of it's hold
ings in Radio Corporation of Amer
lean common
Practically all the independent
steel companies have advanced the
price of heavy steel products,
plates, shapes and bars, 10 cents a
100 pounds to $3.50.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-21
LiUe Stock
Chicago Livestock.

Chicago, April 2I.--Cattle receipts
5000; market, active; beef steers
and butcher she-stock, steady t.
strong; quality. medium; top beef
steers. $40; bulk, 7.50@S.25; bulls,
calves and stockers, steady; bulk
veal calves. .o0@7.50; bologna bulls,
425Q44o.
Hog receipts. $4,000; active: fully
steady with yesterdays best time.
So loo higher than yesterdays ay-
erage; top, 1910; bulk. 9.95@10.65;
pigs, strong to Csc higher; good
100 to $50 pound hogs, 9.00Q10.00;
packing sows, strong.
Sheep receipts. 5000; killing
classes opening mostly Csc higher;
early top shorn lambs. 1865; best
not sold; light fleshed Mexican
wooded lambs. 1900 good IS
pound shorn yearlings, 1900; fall
shorn Texas wethers, 9.25; wooded
ewes, 900 down; no choice lights
offered; good 5S-pound shearing
lambs, 1425.
Prices of livestock in Chicago yester-
day were:
TJ0fsS
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-21

FEATURES ARE
SHY IN STOCKS
nv STUART r. WEST.


Wall Street, New York, April 81.
There was no outstanding fea-
tire in today's market movements
~ distinguish them from markets
NJ other days. In the bond list
there was special strength in pub
liz utility issues and some of the
railway eonvertibles, with foreign
governments generally unchanged
and with United States war loans
eighty lower. The upward ten
dency again predominated on the
stock exchange but with the usual
amount of variations as the specu-
Iafion shifted from one group to
another. Foreign exchange was
romewhat easier, money rates con-
tinued at the minimum of the sea-
SON. while the commodity markets
we're stronger, especially the
wheat market, which rose rather
abruptly.
II was conceivable that the par
tial check upon the investment
bonds has some connection with the
soldier bonus situation in the SEN
ate. If the fayoring majority were
10 get together in proposal to
raise the funds through short
term treasury issues, il might easily
become definite market factor.
But at the moment, the investment
community is satisfied that the
president will adhere to his attitude
OF hostility against any bonus
scheme not carrying a tax provi-
sion and that the senate will be
unable to pass its bill over the
veto.
In the stock market investment
buying again made itself felt along
with the renewal of operations for
the rise by tn pools and speculative
syndicates. A number of the in
oustrial preferred shares, COM
mending themselves to investors On
account of their relatively high
yield, advanced rather sharply. The
rise in the telephone and telegraph
stocks and the new highs made in
a few of the dividend paying rails
we're likewise instances where in
yestment rather than speculative
capital was at work. In the specu-
lative quarter it was agreeable to
note, the same as on Thursday, the
subsistence of the extreme excite
ment that had marked the trading
at the start of the week. Public in
terest showed no signs of slacken-
ing and there was enough outside
. buying to absorb the sales by the
large investors and spectators
who were shrewd enough to fore
see last autumn and winter the
change which has come over the
business situation and to gauge It's
effect upon security values.
But there was no repetition of
the violent upbidding such as &C.
Cured over the last weekend in
the oil shares and in some of the
motor and equipment stocks.
Next TO the unusual strength in
the preferred industrials and other
shares of the investment type, the
feature of the day was the rise in
Public Utility issues, more particu-
larry the stocks of Gas Producing
companies and the bonds of local
fractions. The explanation for the
buying in this direction was quite
fsmiliar-a combination of more
favorable attitude both in the
courts and the state regulative
commissions toward the claim for
higher rates along with reduced
operating costs resulting from II
months of defiation and readjUst-
ment
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-21
Weather Forecast

Illinois: Generally fair tonight
and Saturday; frost probable to-
night in north and central por-
tons; cooler in southeast portions;
rising temperature Saturday after
noon.
Missouri: Fair tonight and Sat-
urday; moderate temperature.
Iowa: Fair tonight and Satur-
day; light frost probable tonight,
cooler in extreme south portion;
rising temperature Saturday in
central and east portion.
Wisconsin: Fair tonight and Sat-
urday; frost tonight; slightly warm
er Saturday.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-21
Horses and Muies.

Peoria, Ill, April 19.-Hogs: re-
ceipts 1900; steady to strong; ton
1910; lights, 10.20Q10.40; mediums
1O-10@10.40; heavies, 9.75@10.15;
packers, S.50@9.40.
Cattle: receipts light; steady to
weak; calves SO to IS cents higher;
top calf HOO.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-21
Peoria Livestock.

Peoria, ILL.,, April 21-Hog rs
ceipts, 500; steady to shade lower
top, 1910; lights, 1O.10@1040;
mediums, 10.00@10.35; heavies, 1856
@10.15; packers, S.25@9.00.
Cattle receipts. $50; steady:
calves. steady with yesterday
close; best calf price, $50.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-21
Chicago Potatoes.

Chicago, April 21.- Potatoes,
weak; receipts. sc cars; total Unit
ed States shipments, T45 cars; Wis
consin, sacked, round whites, lao
@1.50 per hundred weight; Mime
sofa, sacked, round whites, 1-40Q
Las per hundredweight; Idaho,
sacked, rusets, 1.6001.65 per hun
dredweight.
New stock, steady; Florida No. I.
double-headed Spaulding rose, 7.25
@7.50 per barrel; No. 2, mostly 600
per barrel, 150-pound sacks, Spauid-
ing rose No. 1, 6.0096.25; No 2,
400.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-21
Street Features
aLLIS CHALMERS
BY STUART y. WEST
Copyright. 1922

ALLic tHlLHEKS.
ne rise in Ailis Chalmers stocks
IS partly a response TO improve
ment in current earnings and part
~ better recognition OF the strong
position shown In the annual bal
ance sheet. The corapany,s bust
ness reached the bottom OF its
slump in October, when total book
Ings and billings were sI,429 900.
BY February there had been recoy-
cry to $2,000.G00 while for March
the preliminary estimates point to
a still larger aggregate. In view
OF this showing the recent advance
In Allfs Chalmers from around 80
TO arousE par is scarcely a matter
of surprise
NORFOLK & WESTERN.
The advance in Norfolk & West
ern across 107 for the first time
was inspired mainly by the earn
ings situation of the road and the
ability, should IL choose. to restore
the extra dividend OF | per cent
which was dropped in 1917. Nor
folk is one OF the few roads whose
loading has not shown a slump in
April as the result of the coal
strike. AS it derives its coal bust
ness chiefly from non-union mines,
which have been going full tilt. its
April results promise to be better
even than those of any month so
far.
BURNS BROTHERS.
Burns Brothers stock. which for
some time have been holding back
in the market, came to the front at
last. and, going through 100, the
"A" stock moved ahead sharply.
The equivalent of a 10 per cent is
sue, Burns "A" has been selling
out of line with other industrials of
similar earning power. The in
creased earnings which have occur
red as the result of the consolida-
ton with the Farrell Coal make il
probable that the distribution on
Burns Brothers "B" will gradually
be enlarged, and inasmuch as the
"A" stock shares equally in any
such distribution, this will mean
gradual raising of the rate on the
latter.
UNITED STATES SMELLING.
The rise in U. S. Smelling yes
terday and today was part of the
general movement going on in
Mexican securities movement
which began with the Mexican gov
eminent bonds and which has
spread to the shares of the Ma
tional Railways of Mexico. So far
in 1922 there has been steady in
crease in business over the CORES
ponding period last year, and it is
4 h nj hnf
quarter the entire dividend on the
preferred stock will have been COW
cred.
AUTO PARTS SHORTAGE.
Word from Detroit is that the
demand for automobiles has in
creased so rapidly in the last ten
days that an acute shortage of both
and finished parts is
rapidly developing. Production
have been more rapid
than the ability of material men
to take care of increased volume.
NEW YORK DOCK.
The annual report of the New
York Dock company covering OPP
erations in 1921, is made public
next week. 1t is expected that the
results will be about the same as
in the previous year when earnings
OF 514 ON the combined $4,000
600 common and preferred were
shown. In the first two months
OF the year Dock showed net in
come of slightly less than 100000
which compared with bette than
100000 in 1920. This year, how
ever there was a reduction in eX-
penses of over s250,000 from the
first two months of 1921.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-21
Chicago Produce

Chicago, April 21.-Butter, high
er; creamery extras 371a; firsts "a
@37; seconds 32@33: standards
81.
Eggs, unchanged; receipts 35,991
cases; firsts 23A @24; ordinary
firsts 22@221a; miscellaneous $50
231a; storage packed extras 27;
storage packed f1rsts 26A.
Poultry, alive, higher; fowls %;
broilers 50660; ROSTERS is.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-21

Frolic," Mrs. A. Cyril Graham be-
ing in charge of the entertainment
The affair will be at 7:45 in the
school gymnasium and all friend
and patrons of the school are in
--ited. The affair is a benefit for
the scholarship fund of the school.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-21
tRy the Associated Press.
Grain
Chicago Cash Grain,

Chicago Cash Grain.
WHEAT.
No. l hard, LAT.
No. 2 hard, LASS.
CORN.
No. 2 mixed, 60h @61Ac.
No. 8 mixed, 601a @6Ic.
No. 4 mixed, soc.
No. 2 yellow, 61& 062kc.
No. 3 yellow, 60A @61hc.
No. 4 yellow, Coo.
No. 2 white, 631a063%c.
No. 3 white, 61@61kc.
OATS.
No. 2 white, 401A @435hc.
No. 3 white, 3SA Q39Ac.
OTHER GRAINS.
Rye: No. 2, 1.08A @1.OS5k.
Barley: 63@65c.
Timothy seed: 4.50@6.00.
Glover seed: 15.00022.00.
PROVISIONS.
Pork: nominal.
Lard: 1875.
Ribs: 11.50@12.50.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-21
Liberty Bonds

Ten policewomen are employed
to prevent smuggling in Picking,
China.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-21
SHEEP.
Silver.

New York, April 21.-Foreigr
bar silver, .6SA Mexican dollars
.52k.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-21

Only two women are members of
the actual governing body of soviet
Russia.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-21
After.Easter Dancing PARTY.

The members Of st. JOseph's
alumni will hold the after-Easter
dancing party Tuesday evening, at
the Masonic temple. The proceeds
of the party will apply on the
Mount st. Joseph scholarship fund.
Music will be furnished by Meitke's
orchestra. Card tables will be
provided for those who do not care
for dancing.