davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1922-09-10
PRICES.
TN ITALY CONG UP
Trade Balance, Better Than
! s Last ysar-Financial !.
Position Improves.

Some Improvement in financial
conditions in Italy is reported to the
Department Of Commerce by Trade
G Commissioner Osborne. Rome. Gov,
Iernspent revenues for the fiscal year
sI92ls1S22 are. ANNOUNCES at 1851.
100; eco lire; compared with 1905.
900, ,60e for the fiscal year 1s2O.21,
The exchange value of the lire was
August at As to4.6 cents, dropping
about the twentieth Of the month to
4.3 and recovering to AL cents by
August 80. The month OF August
saw another banking, crisis due 10
failure of old Banca TDi Sconta de.
,positors to deposit the proceeds of
the liqiIidation Of their claims in the
new Banca Di Sconta, as they had
been expected to do. The government
had to extend assistance to the new
new Banca Di' Sconta be absorbed by
the Banca Commerciale, or the
Credito Italiano.
are better, with Government securi-
llCo pcLi - uCuidHus LIS
tendency of commodity prices Is also
price despite the cessation of the
American coal strike. Silk prices are
higher, but the foreign market is
raralyzed on account of the oseil.
lating exchange and the uncertainty
of~the political situation. Producers
are holding off for lower prices.
Ia hAAv, oy,,o1I 1N k,,..
ness in olive oil. The present quota
best quality OF OIL, The hemp mar.
ket unchanged and cereal prices sta.
tionary.. =. ."|.'.
Corrected trade figures for the
first three months of 1922 are as
tollows: Imports, 1852, ,5g0,544 lire
exports. 2,055,s65, ,097 lire; excess OF
imports, 1926. 400 lire. Imports for
the three months were s29,5ss.S44
lire less and exports 170,007,31S more
than in the first three months OF
1921, improving the, trade position
by 7ss.546,1e2. compared with last
years.
Z The total foreign ltrade .6f Italy
however, for the first three months
Of 1922 is less by 549,530,526 lire than
for the corresponding period of 1921
/, Consul H. M. Byington reports
that the placing of an embargo oil
the export of fruits and vegetables
owing to the small crops occasioned
by the continued drought, has caused
a strike Of the local dealers in these
commodities. All crops are threat
ered by the continued lack OF rain.
Consul d.. G. Sycks at Turin states
that the automobile plants In his dis
trict are fairly active and tire manu-
featuring plants very active" The
high price Of foreign exchange is IA
yorabie to the local Manufacturers
restricting as Il does importation OF
foreign. tires. At Bella, the center
or the wool industries. the mills are
working full time.
The Washington times., 1922-09-10
AWAITING
INDUSTRIAL REVIVAL
. ...-.-r- ~. . - - -
Business Conditions Unsettled.
Coal Output
\ Increases. ..

: Regent uncertainty as to the
situation on the continent has had
an unsettling Influence on British
affairs, according to q. cable to the
Department Of Commerce from Com.
mercial Attache Tower. Exchange
Irregularities, especially the violent
fall in the sterling value Of the Ger
man mark, have created an atmos-
phere of apprehension. The new
Anglo.Spanish commercial treaty CIV
ing Great Britain full li-fayored nation
treatment and special treatment on
100 items is the cause Of keen salts
faction in British business circles.
Several colonial railway and elec-
trical contracts have been placed,
but weaker exchange sent consider
able Of the India orders to the cont.
nent: - ~
The major Industries, except coal
milling, have remained largely un-
changed. \ Coal production has sur.
passed the 5000, 900 ton weekly out
put figure. Cotton and wool trades
have been quiet, and the iron end
steel industry has been undergoing
the usual summer lull. Tonnage
launched, during August is the largest
of any month this year. Upemploy-
m,A. figures on August 20 stood at
1,333.700 as against 1.353,000 on July
81, a drop of $500 In three weeks.
Approximately f10,000.000 has been
allotted to schemes for the relief Of
unemployment during the fall and
winter. '.-...
The financial situation has been
satisfactory notwithstanding q tight.
ening up on the money market. Rev.
enue receipts and expenditures con.
tinue to manifest a healthy favora.
BILE balance. The decision to extend
the operations of the Export Credits
Department till September s, 1923,
is generally considered very oppor-
tune.
The expected improvement Of af-
fairs during the next few months
is dependent upon the stabilization
of both labor conditions and prices.
The Times index of wholesale prices
at the end of August was 1862, the
food group standing at 1902. and ma
terials at 1899. The decline In the
food group index number was occa.
stoned mainly by the decrease in
price OF potatoes. wheat. and flour,
and the materials index was lower
because OF declines in metals, lutte
and linseed. The stabilization Of
prices thus far noted has been more
apparent than real. The general
averages have changed only slightly.
but the prices of individual comInodi-
ties have fluctuated as much as 10
per cent In a month. Price cuttings
Of from Is to 25 per cent character.
lied the closing week of this years
motor cars selling season. s
The Washington times., 1922-09-10
Rail Bonds.

Judging prices of prominent rail-
road stocks from the standpoint of
income yield, in comparison with
current yields on investment bonds,
the result is not far from flattering
to the former class. Delawars and
Hudson, for example, which is now
selling around 140, yields about $50
per- cent on the actual investment;
Uhpp,s Pseifi t--ls giYes a return
of $40 per cent; Southern Pacific
at "a. about $40 per cent: New York
Central at par. per cent; Atchison
at 104, around $40 per cent; Norfolk
and Western at 124, a yield of $40
per cent; Pennsylvania at 46, aoout
l.30 per cent, which will amount 10
6.45 per cent when the rate is In
creased from 81 to SO -share; Ler
high Valley at 20, aboutt per cent;
Chesapeake and Ohio at 76,, about
$40 per cent; Great Northern. pre-
Northern Pacific at 3d., $50 per
cent: Reading at so, S per cent: At
iantic Coast Line jat iO2, $50 per
cent, and Caphdian Pacific at 100,
TT There was - Sisirxer volume of II;
yestment bopds brougfit to the mar
ket during, the past week, the ag'
gregate being about $4,000, 900 and
Including a. niiinber of tax-exeinpt
state bond issues. The largest in
this group swefe the new offerings
of $4,000, 900 State of Missouri an
per cents:ts$a ,g06, DOG ts4A per cent
of the Stais S6f North Carolina and
81 $50 900 4tatpet cent of Hudson
county, New sdsrsey. There were
four new offefihgs ofSpublic utility
and Industrial bonds aggregatirig
nearly SIS, 5,OO0s0O0. -v, .s..
Price changes ON the .iisted bond
market were mostly in the, upward
direction, enthusiastic bidding for
the bonds of important railfoad, and
industrial companies resulting IN
spirited advances in humber OF
these issues. ~ e
Ii is problematical to what extent
the passing of the soldier bonus; bfh
has affected the liquidation and
prices Of liberty bonds which have
been sold in on fair quantity by
prices of liberty bonds which have
been eagerly picked up by banking
and fiduciary institutions. There
was further recovery also in the
foreign government bonds which
were heretofore somewhat reac-
tionary. ~ ~, 80
The Washington times., 1922-09-10
RUSSIAN EXPORT.
OF GRAIN WISE
%. ..'' ~.
Experts VIII Overcome Trans
- port Trouble by Plan They
-" Have Developed is'ie q, +;
BY HARRY L. ROGERS:
International News Service.


The American farmer win benefit
by the decision Of the Russian soviet
government to export part Of the
wheat crop just maturing. accord
ing 70 United States Government
experts. -. a'"
The feeling Of indignation which
followed announcement of the plan
Of the Moscow authorities to ship
part OF the new crop out of the
country has disappeared and OFF,
Gals here are inclined now. to COM
pliment the Russian experts upon
the good judgment shown. ~
Officials here had previously jump
ed to the conclusion that Lenin in.
tended to sell the new crop to OBJ
tain badly-needed funds, leaving the
population to the mercy of the Amer
lean. Relief Association for another
winter. ....s e..
=. Apparently there Is no SUCH mo-
tive behind the plan. Inquiry shows
II practically has been forced upon
the soviet authorities because of
the break down Of transportation be.
tween the northern and southern
parts Of the country. To yobviate
this difficulty grain will be shipped
from the Ukraine and the Caucasus
region. formerly called the granary
Of Europe, to ports on the Black
Sea, thence, to. be carried to the
Greek. Italian and other markets,
With the credits obtained by these
sales Of foodstuffs the soviet auth
critics plan to purchase in the Lon.
don and Liverpool markets a supply
Of foodstuffs to relieve the situation
In the northern districts. The,great-
er part Of these purchases is ex.
pected to be in grain, and experts
here assert the United States norm.
ally would furnish a, good share of
II. = 3Ef.T.N - ~
The Washington times., 1922-09-10
Claims Estate 5 Years
After Death of Father

CHICAGO, Sept. Claim to the
5000 900 estate Of the late Charles r..
Swigart, who was a Chicago alder
man, was made in probate court by
Mrs. Ena WEIGH. Of New Jersey, set,
ting forth that she was Swigart's
daughter. Swigart died five years
ago, supposedly leaving no heirs ex.
cept a sister, who was an inmate Of
a State hospital. The estate was
awarded to the sister.
Mrs. Welch's attorney said that
she had lived with her father until
her. marriase. She was the alder.
man'se only child, according to the
petition. which requests the proof
of heirship established by the claim.
ants aunt to be set aside. -
The Washington times., 1922-09-10
Honest Man Requests
His Taxes Be- Increased

CHICAGO. Sept. e.--The' Lake
county yhoerd of review has. accom-.
piished with effort what 1thee elan-
bearing Diogenes failed to.
They found Owen Paddock has
broken all records along thar line.
BECAUSE no far .,as anyone knows
no man ever has voluntarily asked
to. have his taxes increased. v.
~ i.My assessment and (. tho taxes
are too low Poddoek told. Chair.
man. Martin, Ringdahi, ,rof the boar
of review, "nnd ] nn wiling to
pay more" s...a. ar. -
The Washington times., 1922-09-10

4 " feal izaffon 4 that einyestment'
fng has hid tie fleet Of remoy-
HE{aH Hlsreel hAinbert of these stocks
4pm TIE i6afing snpply., Off ths
sASet h&5E been anc incentive for
trsders 10 hold their purchases for
still higher prices, ana the same
factor has operated against those
who sold stocks short in the expec-
tation OF, buying them back on a
more favorable basis little Later
on. 80, -, - -
Professionals Active. -,
In the market place It is quite
freely stated that the booming OF
the high priced speculative stocks
can be- none other than the work
of professional traders who have
been indulging in window dressing
in order to attract a. larger follow
Ing to the stock market. Before tne
professionals can reap their profits,
II is necessary to go through what
Is known as the distribution process,
and this is best accomplished when
the market Is booming and STOCK
seems headed for higher levels:
Comparison of Tuesdays opening
prices of the high-priced stocks with
FRIDAYS close seems to bear out this
contention, as an observation tof con-
ditions elsewhere in the market re-
veals an insignificant number OF i'm
portant advances in the 1ow-priced
iaaiQa
The Washington times., 1922-09-10

neither these three billions nor any
part OF them win be there to In
crease the uational, profits of em-
ployers or the amount OF wages re-
ceiyed by the nations workmen.
That income is lost-vgross and net.
4 The employers may charge higher
prices to get even. but, those higher
prices will come out OF oth hers. The
same would hold of. amy increase OF
wages Some extra money then
would pass to the -operators and
miners from other peoples pockets.
but the three billion, more or less,
would remain loss to the nation
just the same. &.
The Washington times., 1922-09-10
Rents u. S. Property,
Collects .S1O0. Flees

CLEVELAND, ? Sept. s.--Fesieral
authorities are searching for a squat.
ter who increased his bank roll at the
expense OF Uncle SAM
iThs man assumed authority over
the Government radio property on
the lake front. and when n circus
came to town accumulated more
than 800 nv selling parking space
to automobilists.
The Washington times., 1922-09-10
Stocks Gain Steadily
During Active Week
Average Level of Stocks Advance As Indus
trial Conditions Improve.
BY w. 8, COUSINS.
It. isis. BY cosmopolitan NaFs serviee

Copyrght
NEW YORK, Sept 9-As result Of another weeks active
operation in the stock market number of cont
buttons have been made to Of high prices of nd
dal soeks while the average level Of stocks as WHOLE
advanced General Improvement in bus
Hsss ndastris and financial together with i'm
in number Of leading industrial enter
es have furnished the background for aggres-
NfleInalId f0r specuatiye stock SE 9tlsssa
The Washington times., 1922-09-10

Some time after the British coal.
strike Barclays bank in London
estimated the total cost OF the Brit
ish people at nearly $4,000, 600, 900.
The estimate was only an estimate,
but 90 carefully made that It Is use
full. .ys
The tive strikes lasted about tho
same length OF timer But the Amer
lean strike covered a far, larger
territory Therefore, IL Great Brit.
aims National lossf was near $4,000
900 zoo. the loss of the United States
could be hardly less than $4,000 ,0O0,-
900. That is as much as all the
United States Government taxes col
lected from all the people in a year.
Yet II the English bank estimate is
correct, the American estimate is
probably too low. Think Of IL!
A Congressman's Estimate.
A Western Congressman has an
other way Of getting at the loss,
He figures, for instance. that on
account OF the hard coal strike
about 35,000,000 to 100000 tons
Of hard coal that should have been
produced still lie uhdug. This
means that 36,000.000 tons which
should be a part of this nations
uu5iHc55 iHCOUle IOr l3ZZ are not
a part of that income and won't
be when the year ends. They are
no more a part of the nations
present wealth and income than
several trillion other tons that still
are under ground In the United
States.
At the mines these $4,000, 900
tons or more would be worth
about $3.50, 0,0O0. 900; in the retail
market about $500 900 900.
The writer has seen no compJete
estimates Of the loss in soft coal
production. Figured in the same
way 1t, too. must be enormous In
all, hard coal and soft, the direct
loss. according to the Congressman g
way Of figuring 1t, could be hardly
less than $500, 0,000, 900. And the
Englishman's way of figuring would
bring us again to at least $3,O00,.
900 900.
Estimates Loose.
These estimates and guesses are
loose, but they are worth the trcu-
BILE. Jut now every employer who
wishes to pay low wages and every
labor leader who wants to get high
ones Is figuring on the nations In
come, how big IL is, and what wages
and profits it will pay out IL split
up and divided fairly. To these men
what do the figures mean? Just
this
That neither the three billions nor
any part of them will be in this
nations income for 1922: that
The Washington times., 1922-09-10
Coal Strike Will Cost
Public Three Billion
Cost More Than British, Which Was
Estimated at Two Billion Dollars. ~
BY GEORGE w. HINMAN

CHICAGO, Sept 9-What did the coal, strike cost the
American peoplei @~,a I99st rfas 49, ~
Directly indirectly every man in America will help pay
the cost So the question every business question
The Washington times., 1922-09-10

l. While Utah's metal mines In 1921
produced $22. 100000 worth of ore,
despite the fact that the copEers
were absolutely inactive, they will
this year produce over sac, ,000, 900,
exclusive Of coppers, now back to
SO per cent production. Utah was
the leading silver-producing State
in 1921. 1t will double its produc-
ton Of 100000 ounces Of last
year.
The Washington times., 1922-09-10

Laborwise. most unusual con-
dition has arrived in. Utah, Her
mines would produce much more
II she had the miners to take the
ore ont, 1t is estimated that Utah
could use 3.100 real miners at this
moment.
The Washington times., 1922-09-10

It will be possible to present
equally encouraging news from Mon.
tana, only now recovering from her
memorable crop failure.
Copyright, 1s22, by n. c. Forbes.
The Washington times., 1922-09-10
Here's. another interesting fact:

Here's another interesting TACT:
Millard county. ins the southern
part OF the State, Is producing the
finest alfalfa seed In the world. 1t
now goes to various countries. A
branch railroad Is about to be built
to these rich acres. The estimated
production for 1922 from four coun-
ties is 4.000,0 900 pounds. This seed
a better price than any
other seed on the market because
brought to fruition under almost
ideal upland conditions.
The Washington times., 1922-09-10

Coal production is. Increasing.
,Utah's coal mines are nonunion, -
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-03-14
'GAY PROPHETS
.GAMb0L FREELY
At SHRINE FAIR
KalIipolis Grotto, Armed
With Flies and Drums, Has
Big Evening.

The high peak in attendance at the
Almas Temple Shrine Fair, now In
it's second week at Convention Hall.
was reached last night when the
prophets Of Kallipolis Grotto were
extended the courtesies Of the tenn
pie and received as guests OF honor.
Leaving their headquarters at I:45
D. m, 500 Grotto members, headed
by Monarch NJ. w. Pickering, his
official family, Illustrious Potentate
L. p. Steuart of Almas Temple, the
Almas drill team and drum and
bugle corps, paraded the downtown
section of the city and on arriving
at the auditorium were given n rour-
ing reception.
After encircling the hall several
times, the procession broke up and
the remainder OF the night was given
over to amusement.
Director-General John ]. P. Null
lane, announced that Thursday night
would be given over the Masonic
clubs OF the city. Tonight the Ken
meth A. Nash Post, American Legion.
will be guests Of honor. while We'd
nesday night the Loyal Order OF
Red Men will hold sway.
The cadets Of local high schools
are making preparations for Friday
night. when all students appearing in
uniform. and accompanied by ladies
will be admitted free. The boys have
several novel stunts" prepared for
the occasion, It is said.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-03-14
H|GHPRESSURE
FIRE system
FOR DC. URGED
Central Labor Union Favora
Using UnfiItered Water
of Potomac.

Unfiltered raw water from the Po-
tomao river for firo-fighting in the
District of Columbia Is urged In reso-
lutions passed last night by the Cen
trail Labor Union.
Such q course would not only con-
serve the supply Of filtered water.
but would furnish more adequate
fire protection. 1t Is pointed out.
Chief George 8. Watson. OF the
fire department, stated today that
the question Of installing high
pressure system for the use OF raw
water in the high value OF business
district had been considered Tor Q
number Of years.
Favors Pumping Station.
Chief Watson advocates the erec-
ton of a pumping station at the
Tidal Basin for the use of the water
of the basin, should high pressure
system be built. A special system OF
mains would be necessary for the
ar ca which would probably be locat.
ed between B street southwest ana
1 street northwest and between Sew
enth street and Seventeenth streets
northwest.
Such a system would represent .
huge expense that would propaoiy
reach $2,500.oo0. 1t il roughly esti-
mated.
Ten years ago after the depart
ment had had to fight three serious
fires at the same time the question
of a high pressure system was
gone into at length.
j. s. Garland. superintendent OF
the water department OF the do
trict, stated today that his depart.
n
the advisability of installing a high
pressure system, to operate from
the Reno reservoir. Since that
location is approximately five miles
from the high value area OF Wash
ington and because Of the great ex-
pense involved, the project was
temporarily abandoned.
Mr.. Garland favors the use OF
the Tidal Basin water should q
high pressure system be built.
The present system could not be
used for high pressure, it 10 pointed
out, because the equipment would
not stand up under tho strain.
Insurance Rate Low.
The Districts insurance rate IL
already as low as that Of any city
in the country, with one possible
exception, and installation of a high
pressure system would no! bring
about a further reduction in the
rate.
The Central Labor Union reso-
lutions set forth that since the
filtration system was Quilt primarily
to furnish pure water for house
holds 1t should not be overworkcd
for fire.fighting when the Potomac
river nearby furnishes an unlimited
supply of raw water for fire-fightIHg.
Copies of the resolutions will be
transmitted to the District Commits
sioners and to the chairmen of the
Senate and House committees in
charge of District of Columbia
matters.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-03-14
Take Care of Your Cold
Guard Against Grippe, "Flu"
and Pneun1onia-Rub MusteroIe
on Throat, Chest and Back

Grippe. Influenza and treacherous
Pneumonia all start with a cold, so
guard against these dangers before
your cold gets deeply seated.
At tho first signs of a cold
(which 10 Just congestion) bring your
circulation back to normal by rub
bling Musterole on your throat,
chest and back. Musterole Is a
counter-irritant which warns up
tho body quickly and sets the blood
surging through the congested
parts.
Remember tho good oid-fashioned
mustard plaster that was grand.
mothers standby Musterole has
all Of the good qualities of that
messy old mustard plaster without
the sting and blister.
Made OF pure oil Of mustard,
eAmphor. menthol and other simple
ingredients, II penetrates the pores
and goes straight to the seat of
trouble.
During the Flu" epidemic sew.
eral years ago, Musterole was used
in our army training camps and the
Y. M. c. A. War Board sent thou.
sands Of Jars to our soldiers In
France.
II you are feverish, II you ach,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-03-14

all over, rub on good old Musterole,
take a hot bath, drink plenty of
hot water and go to bed and call
your doctor. Keep good and warm
and see that there is plenty of
fresh air in your room.
Musterole has been used for years
and Is recommended by doctors for
Sore Throat, Pleurisy, Headache,
Neuralgia, Group, Lumbago, Grippe,
Flu" and Pneumonia. Apply the
healing ointment with your finger
tips, rubbing II gently into the af-
fected parts. First you will expert
ence a warm tngling glow. then
a refreshing. cooling sensation.
Thousands of families keep Muster.
ole always on their bathroom shelf
ready for colds and other emer-
gencies.
All druggists; 95c and SIC, lars
and tubes. Hospital size. $500.