davidaulloa/AmericanStories huggingface dataset:
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1922-04-07
AL SMAULDING LOSES

FL Paso, Tex, April 6.-Mike
Vasquez, Eel Paso, southwest feath-
erweight champion. Knocked cut
Battling Barrere, New Orleans, in
the first round of a 15-round bout
here tonight. The men met at 1876
pounds. Battling Norfolk New
Orleans, won the decision OF the
judges over AL Smaulding, Albu-
querque. n. NJ. at the end OF an
eight-round bout at 175 pounds.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1922-04-07
PROBING DEATH
Of OFFICER At
OKLAHOMA CITY
(By The Associated Press. }

Oklahoma City, Okla, April c.
County officials continued their in
vestigation today of the death here
Tuesday of Lieutenant Colonel
Paul Ward Beck. who was shot to
death by Jean p. Day, attorney
and oil man in the latter's home,
but no material developments
were announced.
Officers at Post Field, Fort Sill.
Okla. where Lieutenant Colonel
Beck was assistant commandant,
ordered tnar the body of the
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1922-04-07
KEEPS SWIMMING TITLE

Los Angeles. calf, April c.
Ray Kegeris of the Los Angeles
Athletic club retained his title
of national amateur athletic union
$50 yard back stroke swimming
champion by winning first place
in the championship event in the
Los Angeles Athletic clubs tank
tonight: His time was 1859 3-5
seconds.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1922-04-07
FIGHTERS WRANGLE.

Wichita, Kans., April c. Ed
Warner, San Francisco, and Hugh
Walker, Kansas City, light
heagyweights. fought ten rounds
to a draw here tonight. The bout
ended in a wrangle with Warner
claiming foul in the ninth
round.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1922-04-07

hall, they found the novices wear
ing baby bibs and seated on high
chairs. Nursing bottles and baby
rattles were served to them dur
ing the meal
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-03
Kansas City livestock.

Kansas City, Mo, April 3.-Cattle
receipts, $500; beef steers and fat
she-stock, steady to 25C higher;
mostly strong to 15c higher mixed
yearlings, 500; good heifers, $500
700; choice cows, 6.0O06.25; plain
grades, 4.2505.00; calves, CSC to
SOC higher; better grades vealeFs,
S00@9.00; many $50 to $50 pound
calves, 6.75Q7.5O; stockers and
feeders, strong to Csc higher;
choice feeders, 7.55; good stockers,
mostly 6.50@7.00; other classes
steady: Gamers, mostly 2.75@3O0;
cutters, 40O@4.25; plain to good
bulls, 2.7504.50.
Hog receipts, 5000; active:
steady to strong; spots, 1Oc high
er than last weeks close; bulk ship
ping hogs, 10.00010.05; top, 1910;
200 to $50 Founders mostly to
packers, 990@1OOO; bulk of sales,
9.50@I0.00; throwout sows mostly
around 8.75; stock pigs, 10c to 2Jc
higher; best kind up to 1000
Sheep receipts, 1000; sheep.
strong; shorn Texas wethers, 500
@9.5O; light wooded yearlings,
400; lambs, generally 1Oc to 15c
higher; top, 1910; most Colorado s
1900 and above.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-03

bill. Commissioner Blair of the in
ternal revenue is already at odds
with Mr.. Dover over the matter Of
appointments. 1t will be remem-
bered that the internal revenue
service practically grew up under
the Wilson administration, due to
the heavy work of tax collection
and Mr.. Blair is naturally unwill-
ing to let go of experienced men
when the responsibility for eff
ficiency of the bureau is on his
shoulders.
Calls Order Illegal
But it is the upheaval in the bu-
reau of printing and engraving
which has for the moment focused
everybody's attention on the drive
being made to abolish the political
ly obnoxious phases of the civil
service system. So far as is known
President Harding's order sum-
marily dismissing the 25 men in
the engraving bureau is unprece-
dented. Senator Caraway of Arkan-
sas says it's plainly illegal and
when it was pointed out to him
that Mr.. Harding had not acted I'M
til Acknowledgement Daugherty
had declared the step was within
the presidents authority, Mr.. Cara
way said:
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-03
WHEAT PRICES
SHOOT UPWARD;
CORN FOLLOWS
(By Consolidated Pressl

/ Chicago, April 3.-Wheat showed
much strength during the forepart
OF the session. A feature was the
/ lack OF selling pressure although
| top prices brought out offerings
. from local bears but this selling
was not at all heavy The buying
was principally by local interests
who have been bullish for some
time and led the buying on Satur-
, days break. Liverpool futures
were 2 pence higher early and this
encouraged buying early. There
also was buying on the prospects
for decrease in the visible supply
and when the statement was posted
showing a reduction of 1,205, 900
bushels early buyers attempted to
unload but found buying power not
broad enough to absorb their offer
ings and some reaction was nota-
Bile. The milling demand for
wheat was light and no export bust
ness was reported. Numerous crop
damage reports were received which
invited buying of the new crop
months. Primary receipts were
$4,000 bushels compared with
1,097,000 bushels last year.
Corn had a firm undertone The
action of wheat was factor. There
was buying by commission houses
and locals but offerings were light
except on the advance There was
much talk of big export demand but
this was not confirmed by the sea-
board or by local shipments. WISH
Bile supply dropped 2,707,0 bush
els. Primary receipts were $4,000
bushels compared with 100000
bushels last year.
Oats followed the trend of other
grains. Bulk of the trading was in
the way of changing May for July
and vice versa at 2Ssc difference.
Cash oats demand was light. Visi-
BILE supply decreased 1,645,000 bush
els last week.
Provisions were quiet but firm.
Shorts covered because of the
strength in grain. Smaller packers
were hedging on the upturn.
Wheat Closed 11sc to 15sc high
er, May 1885 to 1891, July lisa
to 11S, September 1.12A. Corn
closed SC to &c higher, May 5Sas
to ssh, July g, September 6458.
Oats were 1sc to sc higher, May
36z to 1865, July SO, September
403s. Pork closed unchanged;
lard 211bc to 10c higher; ribs sc to
15c higher
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-03
Bond Market
BIZ eTuAxT p. WEST
tCopyTixht. 1921

New York, April 3.-There was
an eager demand for all classes of
bonds today. In breath and activ-
ity the market equaled but it did
not surpass, the best previous rec
ord Of 1922. New high prices were
numerous. Not only was the vol
ume of business in seasoned secur-
tiles unusually large, but the quick
absorption OF the $50, 1000, 900 offer
ing OF the New York Central Rail-
way company 5 per cent bonds after
the recent flood of domestic and
foreign loans indicated the avidity
with which investors continued to
buy new issues at the present mar
ket prices.
The real sensation of the day was
the seven point jump of Mexican
government per cent bonds to the
pest figures they have touched in
several years Mexican SIS also
made a new high record on an adj
vance of nearly 8 points above Sat
urday's close. The street ascribed
this display of strength in Mexican
bonds to a hope of improvement in
the near future of the political and
financial relationship between that
country and the United States.
United kingdom 515 per cent
bonds as well as the French Re-
with another upward movement in
the exchanges of these countries.
Norway IS, Copenhagen 512s,
Queensland IS, Dominion of Canada
51as and Danish Municipalities, all
rose to their highest of the year.
United States war bonds showed
marked improvement in most in
stances.
Many of the high grade invest
ment railway bonds as well as some
of the speculative issues broke
their previous high records of the
year. Among them were the active
st. Paul debentures and refundings,
the ST. Louis and San Francisco
prior is and the Missouri, Kansas
& Texas adjustment SIS and IS par
ticularly. Baltimore and Ohio re-
funding IS, Rock Island refunding
as, Union Pacific convertible As,
southern Pacific collateral As, and
Kansas ETY. Southern SIS were ex-
amples of the rise of standard in
vestment railway mortgages, Brook
ly Rapid Transit Is went up over
a point to a new top for the upward
movement. Trading started first on
the curb exchange and later on the
stock exchange in new per cent
New York Central refunding and
mortgages gold bonds
series C on a "when-issued" basis.
Their initial sales on the curb was
"a. Subsequently they advanced to
95, half point above their issue
price.
The industrial bonds advanced in
many instances above their high
levels of the preceding week. Cuba
Cane sugar IS went up more than
~ points. United States Rubber
rs almost touched S.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-03

But there is considerable doubt
as to whether a president has the
right of removal without furnish
ing evidence of the charges exist
ing against a government employee.
II he has, the whole civil service
system, it is commended, rests who'll
ly on the whim OF a president. The
tendency in congress has recently
been in the direction of abolishing
civil service requirements wherever
it was possible TO do so. The post
office laws have been changed so
as to enable the government to
choose any one of the first three
who pass the examinations, thus
permitting the president to ignore
the highest man if he is a Demo-
crat or even a Republican without
political influence, and the house
of representatives has just author
lied the appointment OF 100 addi-
tional postoffice inspectors. In the
last 10 years not more than 50 have
been asked for and the charge is
made by the Democrats that the
increase of inspectors is to be used
to hound Democratic postmasters
and get rid of them on inefficiency
evidence developed by the inspec-
tors. The quarrel over the prohi-
bition staff and civil service re-
quirements is still at it's height
Altogether the civil service system
is fighting feebly for its life.
"POliticaI House Cleaning?7
The whole government personnel
is disturbed. Hints are. given that
the international ravenue service
and the customs service, the pro-
hibition enforcement staff and other
bureaus which, like that of engrav-
ing and printing, come under. the
treasury department, are to be the
victims of a political house clean
ing. Secretary Andrew Mellon
Ioathes politics. He has declined
to interfere with what has seemed
to him an efficient personnel. Mr..
Harding couldn't persuade Mr.. Mel
lon to take an interest in party
patronage. So Elmer Dover, reg
ional director for the Republican
party on the Pacific coast and one
of the leading Republicans of the
state of Washington, consepted to
become assistant secretary of the
treasury and has been conducting
a relentless fight against Demo-
Gratis still in the office. In this he
has the hearty sympathy of Re-
publican members of congress, who
are not overly fond of Secretary
Mellon anyway, first because of his
differences with congress over tax
alton, and second, because OF his
pronounced opposition to the bonus
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-03
HARDING STIRS
SPOILS SYSTEM
ROW TO CRISIS

IContinued from First Page.)
such causes as will promote the eff
nclency of said service and for rea-
sons given in writing, and the per-
son whose removal is sought shall
nave notice of the charges against
him and be furnished with a copy
thereof and also be allowed a rea-
sonable time to answer the same in
writing and to file affidayits in
support thereof"
The reason given publicly by the
administration is inefficiency and
the interest of the service. A test
may be applied by the court to as
certain what the rights of a gov
eminent employee are. 1t is true
that a presidential order super
sedes almost everything and that a
ehief executive has the right to ap-
point persons to positions inside
me civil service without examina-
non and he has the right to abol-
Sh Jobs which were previously
covered by civil service. The pres
'dents technical right to take both
steps at once-abolishing positions
and appointing new men to vacan-
cles by executive order is admitted
oy most of the government lawyers.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-03
STOCK And BOND
DEALS SET new
MARK FOR YEAR
BY STUART p. WEST.

Wall Street. New York. April 3d.
Dealings today both in bonds and
in stocks were the most remark
able of the year. New high pricas
were made all through the invest
ment list and the speculative list
as we'll. The volume OF business
was likewise the largest of the
year. Two conclusions were quite
evident from the days happenings.
One was that the investment de-
mand was still as vigorous as ever.
The other was that having held off,
because of either skepticism or in
difference, since the stock market
started upward in January, the out
side public was finally taking a
hand in the speculative movement.
In this, Wall Street history is
but repeating itself. Shrewd in
vestors and speculators-the sort
commonly designated inside in
terests'-were able to visualize the
present trade improvement three
months ago. In the view of the
ordinary business man at that time
to profess optimism on the outlook
seemed utterly foolish when cur
rent trade operations were so slack
and improbable. Yet as usual the
Wall Street markets have been the
correct barometer. The rank and
file of outsiders who took their
view from trade advances and re-
fused to believe in the advance ia
the stock market, now have a
chance to see their mistake. The
same business men who were so
blue six months ago are now feel
ing very cheerful. The same mer-
camille reports which were dubious,
where they were not pesSimistic,
all through the early stages of
Wall Streets recovery, are now
picturing the situation in bright
colors. But in the meantime, in
vestment bonds are up Is to 20 per
cent and the leaders of the stock
list % to so points.
To say that the outside commun-
ity had been finally yielded to the
enticement of the rising prices was
to describe the whole development
of today's markets. While pools and
professional operators were busy,
the market was not longer domi-
mated by them. The buying move
ment broadened out the way it does
when outside buying orders begin
to pour in. 1t was an old-fashioned
accumulation of these orders over
the week end, which was felt in the
opening rise and in the widely dis
tributed and well-sustained adj
vance which followed Only a few
groups were left behind On no
day so far in 1922, have so many
individual industrial stocks figured
prominently in the buying. The
rails were strong with one or two
new high records.
Insofar as an expression of opin-
ion on the coal strike could have
been read into the days price
movement, it was one of entire con-
fidence that the trouble would be
over before long actual shortage
would be threatened. The only
quarter where the strike counted
as an influence was in the exchange
market Here there was some spec
ulative buying of both sterling and
francs on the theory that the shut
down in America would involve
imports of coal from England and
France. Sterling got back within
little than a cent of the high of ten
days ago and within six cents Of
the March IA top.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-03
Street Features
OIL SHARES.
BY STUART p. WEST
tCoypright. 1921


There were no further actual de-
velopments either in the oil or the
steel industry to account for the
strength in these two groups to-
day. What both were rejecting
were price advances confidently an
tlcipated in the near future. Oil
men do not attempt to guess
wnen such an advance may be ex-
pected, but they do predict that
Win the seasonal increase in the
demand for gasoline, a Jump in
both crude and refined is not far
on. Pacific Oil opened up a point
on top OF Saturdays three-point
rise. California Petroleum also
reached the highest prices since the
boom of 1921. The Standard Oil
stocks bore their full share in the
rise, and there was much more ac-
liv1ty in stocks like Caddo, Middle
states, Transcontinental, Phillips
and Invincible.
THE STEELS.
The oils were the leaders at the
start, but after they had had their
ilrst whirl, the speculative current
turned into the steel stocks. All
! these had the sharpest advance that
they have had in some time. Steel
common when, it struck 81 was
selling at the highest in two years.
Thls was in keeping with the infor-
nation received last week, that the
steel mills were more busily en-
ployed than they have been since
1920.
If they can put prices still high
er, their profit will get back to
normal. What the market for the
steel stocks was figuring on today
was further price advances, proba-
bly, this week
PIERCE ARROW.
Pierce Arrow issues were a fea-
ture of the market again today on
renewed gossip OF a merger with
company whose stock is not listed.
In some quarters 1T was the belief
that Pierce Arrow would be
merged with the Nash company,
while in others it was thought that
Lafayette and Pierce Arrow would
be the concerns put under one head.
Both Pierce Arrow common and
Pierce Arrow preferred go into
high ground and were in active de-
mand.
AN OIL MERGER.
Rumors of an oil merger were
also circulated throughout the
street. This connected four of the
smaller companies with Cosden as
the chief participant. The other
companies mentioned were Barns
dali, White and Marland. Both
Cosden and Barnsdall stocks were
in demand but very little was to be
learned from inside sources regard
ing any such deal.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-03
Curb Market
BY STUART z. WEST
Copyright, 1022.'

New York, April 3.-Today's curb
market was strong, but there was
not the same broad display OF ris-
ing prices that there was on the
stock exchange. Oil stocks moved
ahead in the wake of the rise in the
same class of shares on the big
board. The Standard Oils also
gained ground and Maracaibo rose
a point. Kirby Petroleum lost later
in the day most of it's early gains.
Creole Syndicate and Columbia Pc
troleum were firm.
In the motor and tire group there
were several noteworthy points of
strength. One of these was Dur
ant Motors, old, which rose quite
sharply, another was the Goodyear
issues, the preferred jumping for
ward some three points. 1t took
only a moderate amount of buying
to put Sterling products to a new
high.
Radio shares were active, but the
supply was so abundant as to pre-
vent them from making any head
way. People who have bought on
the widely advertised popularity of
far found little or no profits in their
venture. In sympathy with a sharp
rise in Tobacco stocks on the big
board, Philip Morris moved for
ward and British American Tobac-
CO reached its previous top of the
year. Acme Packing was inclined
to be heavy and GOldwyn Pictures
ran into heavy profit taking, which,
however, was offset by supporting
orders.
There was a good demand for
Alpha Mines, and Nipissing rose a
fraction. The New York Central
IS were dealt in for time at OAK
to 90, but by midday had been
transferred to the stock exchange.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-03
MARKET STRONG
INLIVEST0Ckj
RUNS ARELIGHT
tBy Consolidated Press.l


Chicago. April a. Light runs
were reported today and livestock
showed a strong tone for nearly
all kinds of animals Less than
1000 hogs were held over from
Saturday OF the sheep nearly To-
600 head were received by big
packers. The average price OF beef
steers last week was placed at
s7.T5, which was lower than the
previous week. Receipts OF live
stock were estimated at 1900 cat
tie. $4,000 hogs, 1900 sheep and
3 600 calves.
CATTLE.
Demand for steers showed
strength, and sellers found a good
outlet for all grades. Some of the
$3.50 to SO stock looked higher.
Bulk of steers went at $3.50 to
1925 Cows and heifers sold well
at strong values. Good Gamers
went at 1925 to $685.. while boz
logna bulls were placed at S4 to
$40 on a steady trade. Choice veal
calves sold at IS to $3.50. which
was steady.
HOGS.
Hog values were strong to a dime
higher from the start, and there
was a fair demand for light stock.
Some choice lots went over at
S10.45 to $1,000 from the opening OF
the trade. while bulk OF good
butchers sold at SOLO to 5000.
Demand was weaker late in the
day. and light hogs we're only
steady, while heavy grades were
weak to a dime lower.
SHEEP.
Fat lambs we're in good demand
and some spots were up % cents.
Most of the deals were only steady
to strong. however. Choice wool
lambs were placed at SIG to $i6.25,
while the best shOrn lots went at
S14. Aged muttons were strong,
best ewes going at $3.50 to $40.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-04-03
DruGoods Market
BY STUART r. WEST
Copyright. 1SZ2.J

New York, April 3.-The dry
goods market today maintained the
tirmer tone which was in evidence
at the end of the last week. The
wider constructions of print cloths,
while not in heavy demand, were
fairly active. Sheetings were also
firm and the activity extended to
drills and twills. The announce
ment that some large producers
had been compelled to scale down
bingham orders because of cur
tailed production had a bearing on
these goods and is expected to
help business in percales and 9TH
er cloths for summer and fall
wear.
The raw silk market showed lit
tie indication of increased activity
although a trifle better tone was
manifest in the demand for finish
ed goods, especially crepe con-
structions.
WOOL.
Boston, April 3.-Scoured and
pulled woods continued to be the
features of the wool market today.
Pulled wool prices remained strong
but while there are few changes in
quotations in territory woods, the
tone was not quite SO firm. Few
clips are yet being received here
from the west on consignment and
the confident tone of the growers
seem unchanged. although it has
not been supported by strong bids
from buyers on the ranges
Throughout the intermountain
country and northwest, the grade
of wool is expected to be good.