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The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-19
Street Features
~ stuart p. WEST
tCopyr1ghk 1881
CORN PRODUCTS.

Opening up nearly points and
continuing its advance even while
the early selling in other directions
was at its height, was the remark
able performance of Corn Products
today. Evidently special explain
alton was called for, and the
street found one in the report
that at the December meeting a
large stock dividend would be de-
clared. The amount Of this divi-
dend was reported at % percent.
REPUBLIC STEEL.
The Republic Steel report for the
September quarter furnished a
good excuse for the trading element
to attack not only that stock but
Bethlehem Steel and Lackawanna
as well. Some scattered stop or
ders were caught but there was
probably very little genuine SELL
ing. That Republic should have
reported a deficit of $138,676 for
the third quarter as against a prof.
it Of $S6.3S2 for the second quar-
ter was ON its face an unfavorable
JAW Ing. oul was readily
enough accounted for by the fact
that the losses from the coal strike
were principally felt in the three
months ending September 30.
PACIFIC OIL.
The further severe break in Pa
cific Oil which carried the stock
down another two points right at
the start Of business today was
quite a surprise to the rank and
file of the trading element. As
usual the street was full Of rumors
regarding new financing and a pos
sible cut in dividend rate. The
first, regarding new financing. can
be set at rest, because one of the
officials Of the company stated that
nothing OF the kind is in contem-
plation. As regards cut in the
dividend rate Wall Street was in
clined to believe this because the
Pacific Oil Company is not doing
as well as when it was first or
ganixed.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-19
DryGoods Market
BY oTUART r. WEST
Copyright. l0z1.b

New York, Oct. 19.-Point cloths
and sheetings continued to lead the
dry goods market today and showed
no signs of diminishing strength
in prices. The attitude of some
southern holders was firmer and
there were some quarters where
bids at current quotations were de-
clined. Sateens were strong at
slight yadvanced prices and pa
jana checks we're in demand for
future delivery. Sheetings were
we'll taken by the big trade. Large
volume of trading in Yokohama in
duenced the silk market here which
wa sactive and strong. Prices ad-
vanced from 5 to 1Sh cents a pound
on many of the grades. XXR 1915
was upSto $S.45, best No. | X to
$S.27n; Kansas No. l to $3.50 and
Canton 1916 to $3.50.
WOOL.
Boston, Oct. 19.-The activity for
American account in the foreign
markets had a stiffening influence
on trading in wool here and prices
for many grades were up fraction
ally from early week figures. Bny-
ing in Texas Of fall clips for Bos-
ton account is ON the increase.
dealers endeavoring to Increase
their stocks OF domestic woods. ),
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-19
Curb Market
BY WILLIAM G. HEFFERNAN.
Copyright, 1929;

New York, Oct. 19.-On the curb
exchange today prices generally
moved over. an extremely narrow
range. With few exceptions they
were little changed from Wednes-
days close.
). Cities Service company reported
net earnings for the month OF Sep
TENDER, 1922, Of $96S,016.S2 compar-
sd with $6S1,76S.67 for the same
period in 1921. The company earn
cd 1882 per cent on the average
amount OF common stock outStand-
ing, in the IL months ended Sept.
30. 1922, compared with 1875 per
Cent in the same period in 1921.
The 100000 shares of Vacuum
Oh capital stock Of SIS par value
vas admitted to trading, initial
sales occurring around 421a. 9th
er Standard Oil issues went lower.
Vacuum Oil old stock was an ex-
ception to the general tendency, ad-
vancing sharply.
Official announcement was made
that recent reports Of salt water
intrusion In one of the Mammoth
Oil company's wells had been great
~ exaggerated The stock held
firm and was one Of the active lead
ers Of the Independent oils. South
ern States Oil continued to reflect
the declaration of an 8 per cent
stock allotment announced /yester-
day while New England Fuel Oil
reported better prices. Heavy real
iTing in other Of the independents
resulted in only fractional declines.
In the miscellaneous department,
Phillip Morris last part Of its ad-
vance Of Wednesday. Department
store issues were practically neg
tected but Gillette Safety Razor
vas in demand at its high for the
year, on ruEors Of stock distri-
button by this company. Coal
shares were depressed, Southern
Goal and Iron and Acme Coal
among the low priced issues fall
ing sharply. while Glen Alden also
shared in the decline.
Motor shares were less active
With the exception Of Durant com
non. which dropped to below 81
Hayes Wheel reflected better earn
ings and went higher.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-19
LONDON NEWS
PRovESbEAR
IN WHEAT PIT
(By Consolidated Press

Chicago, ct. 19-Trade in wheat
was quiet. The FEATURE trading OF
the session was the selling of De-
cember and buying Of May by a
leading elevator interest. This re-
suited in the nearby contract los
ing part of its premium. Cables
were not as weak as expected and
this induced buying at the start.
On the bulge there was further
realizing. The resignation OF the
British cabinet was construed as
bearish and caused some selling
about midday. Cash wheat prem
iums locally were unchanged to a
shade easier and unchanged at
Minneapolis and Winnipeg. An ex-
ceptionally brisk demand for wheat
was reported at Minneapolis. Some
of the southwestern markets re-
ported the car situation easing up.
There were deliveries of 100000
bushels of wheat on October con-
tracts, 10000 bushels were deliv-
cred in the local market. Milling
demand for wheat was fair. A To-
cal house reported 400 900 bushels
of Durum wheat worked for ex-
port.
Corn was inclined to follow
, wheat for time but good support
was uncovered on the dips. There
was a little scattered selling on the
bulges but the dips brought out
buying by cash houses who are be-
lieved to be committed to the long
side. There were $4,000 bushels OF
corn delivered on October con-
tracts this morning. Shipping de-
mand was only fair. Receipts were
of moderate volume. Cash corn
premiums were &c to 1c higher. A
car Of new No. 2 yellow was re-
ceived today, the first this season
and it graded No. yellow. testing
! 1910 per cent moisture and So
pounds to the bushel. II came
from central Illinois.
Oats followed corn. Trade was
of moderate volume but some good
buying was noted on the dips. A
good domestic demand for oats was
noted and some export business
was reported;
Hedging pressure caused nearby
deliveries Of lard to weaken bur
deferred futures met with a good
outside demand.
Wheat closed &c to INC high
er, December 1.127s to lib, May
1.12b to liz, July 104h. Corn
closed &c higher to Nc lower, De-
cember 675s to 67A. May 67N,
July 67A SITS. Oats were Nc
higher to &c lower, December 41A
May AZ, July 39%. Lard closed SC
lower to 2kc higher.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-19
Bond Market
e1ons. 2 1gsU!

New York, Oct. 1s.-The feature
of the bond market today was the
demand for Liberty 3hs. In the
face OF . continued reactionary
tendency in the general list the
3hs made q new high for all time.
The record high for this issue pre-
yious to today was 102.50, in Au-
gust, 1918, and the low was S6 in
June, 1921. Large blocks were
traded in around today's high price
and the demand appeared unsatis-
fed.
One report had it that the buy
ing came from interests which have
made large profits in the recent
rise in Standard Oil stocks. 1t was
of course obvious that only inves-
tors of large wealth would be apt
to purchase an entirely tax exempt
bond like the first 31zs at a pre-
miumm.
AS the day progressed the price
continued to advance not only on
the exchange but over the counter.
Dealings were on large scale. 1t
was stated that orders for the pur-
chase of the first 3ks amounted to
as much as $10,000,000. AS the
price mounted, offerings appeared
inadequate to meet the demand.
The sales were made above 1O3,
creating something akin to q SEN
sation in bond circles.
Quotations for the other Liber-
tvs showed irregular changes. If
anything. pricehwere inclined to
be higher early n the day and new
refunding Ans made new high.
High grade investment railroad
securities continued in excess sup
ply. Prices in some cases were
lower than at any time since this
recation began. Atchison general
As at S7A were within 2A points
of their low of the year. Bonds of
a slightly lower grade were looked
upon with more favor, although
here, too, the quotations showed
losses.
Convertible bonds, obligations OF
railroads, the stock of which has
shown strength of late, were fairly
firm. Examples are New York Cen
| trail IS and Delaware & Hudson
convertible IS, particularly the for
mer. There was also good inquiry
for high grade industrials. Among
| utilities there was a good market
! for bonds of the high grade Of New
York Gas, Electric Light, Heat and
Power, purchase money As. The
purely speculative issues continued
weak.
/ The foreign bonds practically all
| lost ground.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-19

Of the unions disintegrates, the
Kansas court will not be as ready
to champion labor's cause and force
unruly employers to pay fair and
just wages as would be the case if
the strike weapon were available.
The answer is that there are rene
dies for one sided courts and that
whatever may be the fault of the
personnel of future courts of indus
trial relations the state supreme
court always will have the power Of
review.
Labor has more to gain than lose
by taking the Kansas court idea OF
faith. Many employers Of the
ultra-conservative school are far
more likely to be found fighting the
nationwide application of the Kan
sas idea when the national debate
begins.
(The attitude of employers in
Kansas toward the industrial court
will be covered in tomorrow's dis
PATCH.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-19

count upon Austen Chamberlain
and Lord B:rkenshead and perhaps
Lord Balfour, the three cabinet
members whose adherence to him
has been repudiated by today's con-
ference.
Mr.. Bonar Laws friends question
whether his health will permit him
to take office, even for a short time.
Lord Darby seems the most prob
able alternative selection for prime
minister, although it is suggested
that Lord Curzon, who gained
greatly in prestige by his work in
the recent near east negotiations.
and is believed to have been a luke
warm Coalitionist, might be sum-
moned to form government.
HDie-Hards" Claim Victory,
Today's vote, it is forecast, will
be proclaimed as great victory by
the Orchards" group of conserva-
tives in parliament who for several
months have been advocating the
withdrawal of the party from the
Coalition and resumption of its
normal party organization.
II the conservatives control the
next parliament they may be de-
pended upon, it is considered, to
carry out the treaty made with Ire
land by the Lloyd George govern
ment. That this would be done was
stated by the Marquis of Salisbury
in his speech last Monday.
The general results Of today's
collapse Of the Coalition promises
to be, after a period of upheaval,
the length of which is difficult to
predict the reversion of Great
Britain to the traditional system OF
government on strict party lines.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-19
(By The Consolidated Press.)

(By The Consolidated Press.)
U. s. Yards, Chicago, Oct. ia
feature in the livestock trade to-
day was the brio demand for live
muttons. The run was much larg-
err than sellers had expected but
the outlet was also better. In the
hog pens an improvement was not
ed in demand for light stock. Ship
pers had call for more Of this kind
than they have had for some time.
All changes in livestock values
were favoring sellers. Receipts
were estimated at $4,000 cattle;
$4,000 hogs; $4,000 sheep, and g.
500 calves.
CATTLE:
Prime steers were again placed
At $3.50 while some 1900 pounds
stock went at 1885 and many 9TH
er heavy steers at 1900 and 1925.
It was strong market for the
best stuff with generally steady
prices for other grades. Choice
cows at 8.00@S.50 we're strong with
medium kinds fully up to yester-
days levels. Gamers and bulls
were steady but calves went to
packers at 10.5O@i1.00 for choice
vealers on q Csc higher market.
HOGS.
Demand for light hogs was &C
tice, but they were still below the
high mark, which was made by
220 to 800 pound butchers at $500
$40. Many 40 to 16O went at 9.l5
$3.50 however. Rough packing
hogs were quoted down to ESQ with
good lots at 8.50@S.75. The trade
was steady to a dime higher.
SHEEP.
Demand for lambs was active al
steady to strong values. Choice
natives went at 1425@14.50 while
best westerns also reached 14.50
Feeders we're quoted at l4.0Oq
14.35. One load of 8S-pound year
lings sold at 1875. Aged muttons
sold we'll at steady prices.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-19
Stuck MARKET
IS JUNBtE Of
! s'UPSl|lDDOWNs
DY sfUAM Z. WEST.

= wall Stfe6t, New York. Oct. d.
sTbdsy's STOCK market was tumble
us sharp advances and equally
uhsfp decitnes, occurring simulta-
ueously IN individual stocks. Thess
movements were 80 entirely the re-
sult Of special causes that they
meant little - an expression OF
Wall streets Judgment regarding
the general situation.
I, There was, in fact, nothing in this
news Of the day calculated to have
much effect upon the course Of
! prices. Resignation Of the British
ministry did not come as any great
surprise. 1t did have some unset.
.st1ing effect upon the London mar.
let, and United Kingdom bonds
were down q point in New York.
Possibly. too. 1t was this which
stopped the advance in sterling ex-
change. But a parliamentary cleo
%tlon In England under present COLI
ditions. while It may cause some
uncertainty In financial circles
abroad, cannot conceivably have
any terrors for investment capital.
The most remarkable single in
cident Of the day was the rise in
the tax exempt Liberties 3hs, not
only far above their previous high
for the present year, but to their
very highest for all time. This ad-
vance, accompanied as it was by
transactions OF unusual magnitude,
might have been consequence OF
tle extraordinary over-subscription
to the new government loan. 1t
possibly represented the invest
ment by institutions and wealthy
individuals OF funds which were
intended for employment in the
new AIS but~missed out in the al
lotment.
Speculation in the oil shares was
suddenly chilled by a violent and
quite unexpected break in Pacific
Oil. The published earnings have
shown the dividend barely earned
and vet the magic name of STAND
ard Oil" In connection with the
company has led at times to The
most extravagant predictions o.
what the shares would ultimately
be worth. AS it looks now, Pacific
Oil Is another case where specula'
tive calculations have far overshoI
the mark. The report that the
company needed money for devel
opment work and would have Il
find 1t by emitting dividends wa:
not authoritatively confirmed bu
was commonly believed.
se Besides the oils there wert
enough other weak spots developed
10 keep the market considerable,
unsettled. The Republic Iron
Steel report for the third quarter
showing small deficit, as agains
the surplus for the preceding thre,
months. was evidently not fai
picture Of the present earning 20
siVon Of this or any Of the othe
steel companies. 1t covered a per
iod when steel production was Sc
lverely curtailed by the fuel scar
city. Nevertheless, the statemen
led to general attack upon tn
steel group which met with som
success.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-19
Classified Display
Build for
The Future
With Concrete

A few simple instructions
are all you need to build any
thing from a feed box TO
garage or a cyclone cellar.
Porches, steps, walks,
benches, flower boxes, anu
hundreds of other things can
be made easily and perfectly
at home. The process is SIM
pie. The results will last a
century.
Everything you need 70
know to undertake making
anything of concrete is con-
tanned in a booklet which our
Washington Information Bu'
reau will obtain for you.
THIS BOOKLET IS EN-.
TIRELY FREE. Simply MI
out and mail the coupon pc
low, enclosing two cents III
stamps for return postage.
and the booklet will be sent
to your address. Be sure your
name and address are WITT
ten clearly.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-19
Chicago Potatoes.

Chicago, Oct. 19.-Potatoes:
steady on whites, firm on Ohios;
receipt, 80 cars; total United States
Shipments, 1,24S carloads; Wiscon'
sin, sacked and bulk, Round Whites
.90Q1.OO cwt.; unclassified, .s0Q "
cwt.; Minnesota sacked and bulk
Round Whites, .90@.S5 cwt.; Mln.
nesota, bulk Red River Ohios, LA
@125 cwt.; North Dakota, buiK
Red River Ohios, 1.15Q1.2o cwt'
South Dakota, bulk, Round Whites
$50 80 cwt.; ditto, Early Onios
100 cwt.; Idaho, sacked, Rurais
1.1O@1.15 cwt.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-19

sAn ln0lU1161n1 N0Uq9o
ROCK Inland. III
~ CAa1UIED ADvEx10W0 RS
lDdursd, 0sandardnssd nd RsD1lonus
,..r 1870 =; ssy.rrx nm
An Cd ere E1GtySc1sd - shear peo0es
elasaAeatiea asa y ~ sssnlas AEso
cIAssuuD HAxxs
Daily raso ~ ~ ~ consecutive NJ
~ 49, d. ............. ~
On day .,. He 1oo
Advertidns osdsrsd for irregular insas>
tons takes III ons tns Insertion eeae:
no ID taksn for less than boss OF swe
lines.
Count i've syeraes vords 70 ~ line.
Charged ads viii b resolved ey teie-
phons and Il paid at Ths Argus oaace
within seven days from ths Azss das 81
insertion cash rats viii b allowed.
Ada ordered for three o. six days end
ssopped befocs epiratlon vM only @
charged for tho number Of times The ID
appeared and adjustment msds at ths rsts
earned.
Rate per In for white puns y u
same a. . line Of tVpo.
SpeciaA rate foe yoaeiy odver0dng upoa
request.
Publishers reserve tho right 70 ettis q
reject any classified advertising COPY.
Telephone 3. !. las and ask for &
Want Ad Taker.
STANDARDIZED CIuA66IR1CAIIOND
The following classi6catioa heodtngl
appear in this Newspaper in the nupaericAl
order here given. closely allied claaaAcar
lions being grouped together.
Tho individual advertisements are n
ranged under these headings in alpha,
betical order for quick reference:
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-19
Peoria Cash Grain.

Peoria, III, Oct. 19.-Corn: re-
ceipts Al cars; unchanged; No.
white 72@74; No. 3 white Tx @73;
No. 2 yellow 72@74: No. 3 yellow
71h @73; No. yellow II; No.
mixed 72@74; No. mixed 71H@
10; No. 4 mixed II; No. 5 mixed II.
Oats: unchanged; receipts
cars; No. 2 white As bid.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-19
Peoria Livestock.

Peoria. ILL.,, Oct. 19.-Hogs. re-
ceipts 500; 10 to Is cents higher;
top SIS: lights S.75@9.15: med
iums S.S509.35; heavies S.S5Ge.30;
packers 7.509S.75.
Cattle: receipts 200: steady to
strong; good calves SO cents high
err practical top $50.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-19
GEORGE
CABINET HANDS
IN RESIGNATION
Continued from First Page.)

eminent ministers at their meet
ing in the Carlton club today, vot-
ed by 1856 to 81 to appeal to the
country as the conservative party.
This creates a situation of the
greatest political confusion and
uncertainty the country has known
for many years.
The next move certain to be
made will be the resignation of
Austen Chamberlain and his asso-
ciates, Lord Balfour and Lord
Birkenhead from the cabinet. 1t is
expected Prime Minister Lloyd
George then will present his res
ignation to the king and advise his
majesty to summon a conservative
leader to form a government.
BOnar Law Looms.
This course would be taken be-
cause the conservatives have the
largest number of members in the
house of commons.
The conservative leader expect
ed to be picked for the task is eth
er Andrew Bonar Law, or the Earl
of Derby.
Announcement of the vote of the
Conservatives was preceded by re-
ports from the Carlton club that
Austen Chamberlain's statement
had failed to satisfy the meeting
and that Andrew Bonar Law had
spoken in favor of maintaining the
independence of the Conservative
party. Mr.. Bonar Laws speech
was said to have had great in
fluence on the meeting.
Heated Scenes In Club.
There were some heated scenes
inside the club, because, although
the Carlton is the headquarters of
the Conservative party, only those
Conservative members of the house
of commons, who had supported the
coalition, together with the men,
bers of the house of lords, who are
members Of the cabinet, were in
vited to today's meeting.
Lord Chaplin, who is 81 years of
age, one Of the Oldest members of
the party and the club, insisted on
his right to attend. He had to be
lifted from his motor car and he
mounted the steps with the aid of
two canes.
With several members of the
house Of commons not coalition
lists, however, Lord Chaplin was
barred from going upstairs in the
club house to the chamber where
the meeting was being held. Two
/ or three of those excluded protest
ed belligerently.
Chamberlain Speaks.
! Austen Chamberlain, the govern
ment leader in the house, address,
ed the meeting first. Stanley Bald
win. president of the board of trade,
who leads the Conservative mem
bers of the cabinet opposing Mr..
Chamberlain, followed.
Alter two or three lesser lights
in the party had spoken, Andrew
Bonar Law. who was the official
party leader before he retired on
account of poor health, took the
floor. There had been much spec
ulation as to whether he would par
ticipate in the debate and predis-
tons had been made that if he
! spoke he would try to reconcile the
coalitionists and anti-coalitionists
and prevent party split.
The life of the new Conservative
ministry probably will be very
brief, according to present fore
casts, and a general election is ex.
pected swiftly to follow its forma-
ton.
Party Lines Puzzle.
! The party lines on which the
elections will be fought present :
profound puzzle. One suggestion I.
that MIR. Lloyd George may form
q center party in which ne conld