davidaulloa/AmericanStories huggingface dataset:
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-03-20
TO Divide AUTO
TRADES SOCIETY
Organization Too Large to Work
Effectively Some Members.
Believe.

Division of the Tri-City Auto
Trades association into three or
CARNATIONS for each of the cities
made on this side of the river by a
committee appointed at the last
meeting of the association in Dav-
export.
NJ. E. Strieter and c. NJ. Fuller,
Rock Island, and Fred Young, Mo
line, compose the committee which
will find the opinions of each of the
auto dealers in Rock Island and
Moline to see if such an arrange
ment is desirable. Davenporters
who were at last meeting in the
majority, favored the resoluticr
urging it would make for closer
cooperation between the city deal
ers and enable the organizations ID
work more efficiently.
The breaking up of the organiza-
tons is regretted, as it has been
unusually progressive in the pas,
succeeding in staging several ex-
cellent automobile shows, the las
of which was held in the Sunday
tabernacle in Rock Island two years
ago. But since that time the as
ISOLATION has not given an auto
show, due to it's inability to secure
adequate space. Davenporters,
however, will put on an auto show
in the Coliseum, April SO.
Action on dissolving the organi-
zation will be taken at the next reS-
ular meeting.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-03-20
Bond Market
By 8TUAWT p. WEST
fCopyright. 1o21.D

New York, March z0.-In today's
bond market the main features
were new high records for several
OF the leading foreign government
issues, a new high also for the
Victory AIS and moderate up
turn in New York City Traction
bonds. Mexican external loans,
both As and 5s, responded swiftly
to the news that the long awaited
recognition of the Mexican govern
ment is near at hand. This will
expedite the working out of the
plan OF refnancing the Mexican
debt. French TVS had q remark
able gain of nearly two points, and
the French SIS were not far behind.
This time the advance could not
be attributed to the exchange
movement, for francs were lower
But 1t did reflect the view that
French economic prospects are
Frightening every day and that
with the new arrangement for 1922
reparations under which the bulk
would be paid to France in goods,
the chances for a German default
are very much less than they would
have been had full cash payments
been insisted upon.
The rise in Brooklyn Rapid
Transit and marlborough bonds
might have seemed on its contra
distion because the position on the
properties by the Rapid Transit
commission engineers are far be-
low what is claimed as the actual
cost. But there are two considera-
tions back of the buying in the
senior securities of these compa-
MES. The first is that however
low their scale valuation may be,
1t will not be less than the aggre
gate reported by the current SELL
ing prices of the bonds. The sec
ond is that the temper of the high
er courts of the land as instanced
by the decisions in the Consolidat-
ed Gas and Brooklyn Union Gases
has been shown to be in favor of a
square deal for public utility en-
terprises. Third Avenue adjust
ments, American T. & T. bonds, Co.
lumbia Gas IS and New York Gas
all went up. Invincible Oil IS.
Shelters SIS. Chile Copper 6s, the
Sugar issues, as well as a number
OF railway bonds, all went to fresh
tops. New York Central IS were
at their best figure and other ma
turtles of this road were up. Chi
cago & Eastern Illinois general 5s,
Norfolk & Western convertible IS,
Chicago Railway 5s, New Orleans,
Texas & Mexico incomes and West
ern Pacific SIS were among the rails
to better their previous high rec
ords. Peoria & Eastern incomes
reacted
Among the fresh offerings today
which were we'll taken were So
900 900 state Of North Carolina tax
anticipation notes and additional
10 to 80 year Lincoln joint stock
land bank 5 per cent bonds and
nearly 100000 Walworth county,
Wisconsin, per cent highway i'm
provement bonds.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-03-20
CATTLE STRONG:
SHEEP STEADY:
HOGS HIGHER
(By Consolidated Press

Chicago, March 20.-Light runs
were reported in all branches of
the livestock trade today, and hold
ers asked more money from the
start. Improved weather conditions
helped the trade The average
price for good beef steers last week
was placed at 81. or about &c be-
low the previous week, but it look
ed ike a stronger market again
TINS week. Receipts were estimat-
ed at $4,000 cattle. 1000 hogs, IA
600 sheep and $500 calves, against
24,517 cattle, 56.6S5 hogs and H.
6S3 sheep last Monday.
Cattle.
Cattle trare was strong. Most of
the steers went at an advance of
l5c to 25c with choice lots at $3.50.
No prime yearlings were offered.
Cows and heifers also were in good
demand at gain of Csc with good
lots of COWS OF $5.75 to Sc. Gamers
and bulls were strong while calves
held steady. Packers paid ST to IS
for good vealers.
Hogs.
hoiueFs Vi SOOd nOSS asked 15c
to 25c higher values from the start,
and many deals were made at a
gain of 10c to zoe over the levels
of the previous session. Prize light
lots went at $1,000 to $10.55 while
good butchers sold at $10.15 to
s10.36. Only 1900 hogs were held
over from last week. The top for
the trade was placed at 1860, while
few rough packing hogs went down
to So
Sheep.
Lambs sold fully steady. Demand
was active, but few strictly prime
lots were on sale. Choice wool
lambs went at $3.50 to $15.75.
while shorn stock made $13 for the
best. Aged muttons sold well,
choice ewes going at 1915 on g.
steady market.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-03-20
HIGH WATER
HITS TOWNS
IN ILLINOIS

Continued from First Page.)
is seen, according to the weather
bureau here. Snow and freezing
weather hit the city last night.
Railroad schedules have not been
disturbed.
Springfield, ILL.,, March 20.-High
water has receded along the entire
right of way of the Chicago, Peoria
& st. Louis railroad, it was an
nounced here this morning at the
Office of General Manager w. Q.
Hurst The railroad bridge at Can
trail was declared to be out of dan
ger, and the water clear of the
right-of-way at all points. Water
was previously reported as cover
ing mile of side-track near Can
trail.
Recession of high water was also
reported from the city pumping
station at Sangamon river, where
the high water mark of Friday had
reached IL feet over the dam.
Since then it has fallen % inches,
and is continuing to fall, it was
announced.
The present mark is feet and 6
inches over the dam.
Reports reached here that a dam
in the Sangamon river near River
ton had broken last night.
Homes Are Flooded.
Petersburg, Ill, March 20.-Fff-
teen families, driven from their
homes when the Sangamon river
flowed in on them yesterday, watch
ed the water recede slightly today
but not enough to allow their re-
turn. The water fell one foot, and
is receding gradually. 1t will al
low re-occupation of the deserted
/ homes about Wednesday, if recess
sion Is not interrupted, it is be-
lieyed.
Taylorville, ILL.,, March 20.-Flood-
ed Easements on the outskirts OF
Taylorville are keeping scores OF
families uncomfortable, but have
not yet forced desertion of any
home, investigation showed this
morning. The city of Taylorville is
on a hilltop, so all water runs
from the center of town to the
edges. Mail service out of Taylor
vile to Jerseyville and Bullpit has
been suspended three days, due to
the loss of the bridge over South
Fork.
Lincoln, Ill, March 20.-Water
in Salt Creek this morning had fall
len one foot below the high mark
of yesterday.
Mississippi Rises.
Memphis, Tenn, March 20.-A
flood warning predicting a stage of
Al feet in the Mississippi river at
Memphis, the latter part of the
week, with a corresponding rise at
points south, was issued today by
J. H. Scott, United States weather
forecaster here. Heavy rains in
the Mississippi and Ohio vallies are
given as the cause.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-03-20
Kansas City Livestock.

Kansas City, Mo-, March 20
Cattle receipts, .14,500; beef steers,
yearlings, heifers. stockers and
feeders, steady to weak; best steers.
$50; strictly good heifers, 6.50G
100; early sales feeders, 6.75@7.5c;
stockers. 6.5O@7 40; inferior, $500
45O; calves, steady to SOC lower;
vealers, 100000; others, steady;
cows, 5.50@6.25; Gamers and feed
ers. generally, 3-50Q4.25; bulls,
4O0@4.50.
Hog receipts. 5000; opened to
shippers, 10c to 15c higher; bulk
ITO to 200 Founders, 10O0@10.10;
top, 1915; steady; packer top,
995; 225 to 1926 Founders, $500
$50; bulk sales, 9.40@10.10; bulk
throwout sows, 8.25@S.75; stock
ers, pigs, 10c to Csc higher; best,
s.35.
Sheep receipts, 1900: fed shorn
Texas wethers, 600; lambs, steady
to Csc lower; top, 1900; others,
1460@1475.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-03-20
TWO HUSBANDS
AND ONE WIFE
SEEK DIVORCES

Two husbands and a wife are
plaintiffs in divorce suits begun in
circuit court today.
Earl Human of Rock Island
charges Viola Human with deser-
ton. They were married Dec. l.,
1907, in Bushnell, Ill, and lived to-
gether until Dec. IS, 1914.
Carl Buch. Quincy, seeks divorce
'FRONT.' ouise Buch on grounds of in
sanity. He alleges that at the time
of their marrige, June II, 1907, in
Germany, Mrs. Buch was insane and
has been ever since. The petition
declares she is now an inmate of
WATERFOWL state hospital.
Josephine NJ. Crawford of Rock
Island seeks divorce from Russell
w. Crawford on charge of desertion.
They were married Jan. 6, 1916, and
lived together until Feb. 6, 1919.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-03-20
Street Features
NEW YORK CENTRAL
BY STUART p. WEST
Copyright, 1o21.D

New York Central was the leader
OF the railway list and the steady
absorption Of this stock was the
most important sustaining infiu-
ence In the general market. No
topic was 80 much discussed ~
Wall Street men over Sunday as
what the impending financial con
solidation of the Vanderbilt sys-
tenn and what this would mean in
the way Of increased cash for New
York Centraps treasury.
ALL RAILS STRONG.
Under the enthusiasm caused BIZ
the buying OF New York Central the
other rails one after another
swung into line. inexperienced
traders who had gone short of
Reading and other OF the anthra-
cite coal shares were driven in sum-
marily today.
Big Four went higher and so did
the Lake Erie and Western stocks.
The prospect of an early recogni-
ton of Mexico helped Southern Pa
cific and the National Railway of
Mexico shares. Stocks of railroads
doing a large soft coal carriage
were in special demand-Baltimore
and Ohio, Chesapeake and Ohio, and
Norfolk and Western. The special
strength In Chicago and Northwest
ern stocks and in Southern Railway
common likewise in the Wabash, is
traceable to quite an extent to re-
buying from abroad
PUNTA Allegro.
On the, basis of the present 2h
cent price for sugar it is estimated
that Punta Allegro, one of the low
est cost producers, is at least
breaking even. The latest reports
concerning the company's opera
tions show that since the beginning
of the current crop year the latter
part of December, Punta has turn
ed approximately 100000 bags of
sugar. 1t is estimated that the to-
tai yield will be around 650,0
bags or slightly in excess Of last
years production.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-03-20
WHEAT BULCES
ON Statement
FROM BARNES
(By Consolidated Press.)


Chicago. March 20.-The statisti-
cal position was a depressing fac
tor in the wheat market today.
Worlds premiums were nearly 49,
100000 bushels and the increase Of
over 5000, 900 bushels in the wheat
supply on ocean passage brought
the total up TO $500. 600 bushels.
This caused a break of IA pence to
az pence in Liverpool futures and
the weakness in the English mar
ket caused pressure on the market.
There were frequent rallies during
the morning but the bulges brought
out pressure. Julius Barnes, who
was in Chicago. issued a statement
in regard to the enormous buying
of foreign countries and concluded
with the remark that Europe is de
pendent on North America for 20
per cent of her supplies. This
caused a bulge and there was some
buying on poor crop reports from
Kansas. The visible supply de-
creased only 673 600 bushels which
was regarded as bearish. Hard
winter wheat discounts were a half
cent lower. Kansas City cash wheat
was 1c to &c higher and this in
spired some buying later. Sea-
board was not issuing any reports
but it was evident that the big sup
plies afioat will temporarily check
foreign buying.
Corn was weaker. There was
pressure at the start in sympathy
with wheat but good support deyel-
l. &C
Visible supply increased 1881 900
bushels, making the total nearly
so ,000.000 bushels Domestic ship
ping demand was poor, while eX-
porters in reply to local offers stat
ed that the outside markets were
willing to sell 1 lee cheaper. Cash
discounts were Il to 12c narrower.
Oats trade was slow. Cash houses
were transferring hedges from the
May to the July at &c difference.
Price trend was similar to that in
other grains Cash discounts were
Ac lower to nc higher. Shipping
demand lighter.
In provisions lard started higher,
but broke under foreign selling.
Ribs were neglected and lower.
The wheat market closed I'M
changed to &c lower, May 1850 to
Is, July 1915 to 1908, Sept
112A Corn closed unchanged to
nc lower, Mayor 617s to 60, July
6411s to Is, Sept 66#. Oats closed
"A to q lower, May 1855, July 40A
to q, Sept, Ais to Il. Pork closed
unchanged and lard and ribs I'M
changed to 21ac lower Local ship
pers reported the sale of 100000
bushels of oats for export.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-03-20
FINANCIAL NOTES

New York. March 20.-The total
idle railroad cars on March ag-
gregated 39S, 982, decrease of 49,
ss2 from the total of Feb. 2S. it was
announced today.
Orders have been issued by the
United States Steel corporation to
prepare eight of the Is hearth fur
naces at the Farrell, Pa, works for
immediate resumption of produc-
ton.
The preliminary income account
OF the Remington Typewriter COM
pany and its subsidiaries for the
year ending Dec. 81, 1921, made pub
lie today showed a net loss after
charges, depreciation and inventory
adjustment Of $2,900,S74 against a
surplus of s1,57S,459 in 1920.
The Wickwire Spencer Steel COR
poration showed a net loss for last
year after inventory write-off of
1855 ,040 against a net income of
s6e2,116 in 1920.
The Maxwell Motor corporation
has announced an increase of 500
In the prices of Chalmers open mod
Ell automobile. The Chalmers fac
Iory has been oversold for several
weeks, 1t is claimed.
New York, March 20.-The Will
ys-Oyerland Automobile company
announced today that it had per-
iected arrangements whereby banks
vii take SIG. 10000 in Z per cent
bonds maturing 1923, secured by
liked assets OF the company in such
a way that currents assets of the
company will be available for nor
nal operation of its business. All
Sank loans will be retired by these
bonds.
Dominick and Dominick and
spencer Trask and company an
aoanced today that all of the block
Of Detroit Edison stock they have
0een Offering has been sold.
All The News-AIl the Time
The Argus.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-03-20
GERMAN MARK
HITS new Low
YEAR RECORD
nv STUART p. WEST.

xsv York, March 20.-In all of
-. markets today 1t was again a
.rsation of ability to absorb specu-
g,sve realization sales. This was
sssts as true of grain and foreign
ss,rhauge as It was of stocks. The
.~change movement has become so
non more violent nowadays, that
ssily swings of two, three and even
s,s cents are quite ordinary occur
ssnees. calling for no explanation
.sber than a temporary surface
Osange in speculative attitudes,
Ewing rebounded In from four
ssys from $4.27h to $40, it was
AL surprising that sterling should
nave had a rather sharp setback
,oday. Nothing in the over Sunday
news had any bearing upon this
sseline. Another new low record
tor the year in German marks came
losically enough on the heels Of
,he Reichsbank state ment showing
a further expansion Of 200, 900 900
marks in paper notes issues. Inas-
much as the circulation item has
dsen 10000 900 900 marks even
since the middle of December, it
NAV be readily understood why tie
,eparations commission, In fixing
the terms of 1922, are to insist that
this wild imitation be stopped, and
tbe gold bond necessary for indem-
nifty payments be raised by an IN
ternational loan.
4 On the stock exchange realizing
sales were heavier than at any time
Id a week. They converged more
particularly upon the recent indi-
yidual favorites and it was the
strategy, as this selling began to
tell against prices, to bring for
ward the railway shares IS a
counterbalance. New York Central
was bid up sharply again in antici-
patton of an announcement before
long Of the plans which are work
ing out to absorb the minority hold
ings of subsidiary lines and o
render the entire surplus of these
roads available for the par t
treasury. For an hour or so there
was a lively advance in standard
railway stocks and in many of the
low priced non-dividend paying
members 70 the group. While this
lasted, 1t served to distract atten-
ton from the profit-taking in the
Industrial section. But later On,
the advance was checked in the
rails, and then the reaction in
the industirals became more pro-
bounced.
There was nothing whatever in
the outside news to throw light on
the movement in stocks. 1t was
simply the familiar reaction in a
market which had been long NOV
ing uninterruptedly in one direc-
ton. The stage is invariably reach
ed on such occasions when specu-
lative profits become too tempting
10 resist 1t does not mei-n adv
change of view regarding the long
er outlook either in general finan-
cial conditions or in the market it
self. II the effect of 312 per cent
call loan rate and a 4 to Az time
money market had temporarily
been spent in speculative opera
tons, this was not the case with
investment operations. There was
no let up whatever in the strength
Of the bond market. Hereafter a
gneral advance occurred, with the
victory AIS reaching a new high
with Liberty bonds and foreign
government buoyant and with an
active demand for industrials, trac-
tons and many railway bonds.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-03-20
DryGoods Market
BY STUART P. WEST
Copyright, 1Szz.j

New York, March 20.-The firm
opening of the raw cotton market
did little to stimulate demand in
the dry goods market today and
trading in print cloths was slack at
figures little changed over the
week end. The narrower construc-
lions Of print clothes we're the
more active but small lots made
up most of the volume OF business.
The nenewey inquiries from for
eign countries for sheeting is ex-
pected to develop into a fair volume
of business this week and buying
for the sugar bag trade has not
been completed.
Trading in the raw silk market
was light as usual with prices
showing a softer tendency in some
grades. The steady but slow in
crease in demand for broad silks
and ribbons continued to make
itself evident.
WOOL.
Boston, March 20.-The wool
trade showed no break today in the
dizziness which characterized trad
ing for some time. Prices, how
ever, were not materially altered.
The finer grades of the Delaines
were in demand and in every scant
supply. While the quotations nomi-
nally are at 4S to 40 cents it is
probable buyers could be found at
soc for choice lots. There was lit
tie sikh of buyers and growers get
ting closer TO a point of agreement
on price in the west. Buyers are
disinclined to raise bids and grow
ers are convinced prices are still
too low.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-03-20

Continued from First Page0
Mr.. Harding offered no objection,
at the same time he did not utter a
word of approval He simply in
sisted that congress must assume
full responsibility for the legisla-
ton without any recommendation
from him Asked to interpret that
statement some of the presidents
callers pointed out that it might
mean a presidential signature ul1-
mately on the same ground-that
congress had by majority vote eX-
pressed itself and the executive
would find himself persuaded to
follow the will of congress. Others
commended, however, that the presi-
dent was free to veto the measure
and compel congress to enact the
law by a two-thirds vote of both
ouses-Something which admitted
ly is doubtful If the proponents of
the bonus have difficulty in muster
ing a simple majority in the SEN
ate.
Bonus Chances Remote
It is this vagueness which helps
the house leaders. The certainty of
presidential veto has been re-
moved for the moment. The execu-
tive has declined to recommend the
pending bill or to take any part in
the matter The house members,
all of whom come up for reelection
this fall wish, however, to express
themselves on the bonus issue. The
vote will help them to that extent
no matter whether the senate or the
president blocks the legislation ul-
timately. The president incidental
ly feels that the text of the state
ment issued after the conference
indicates clearly that he himself
has not changed his position. So
the house leaders went away happy
and bent on passing the bill. The
president will not feel offended be-
cause the house exercises its right
OF expression. Secretary Mellon
knows through the conference ne
held on Sunday with Mr.. Harding
that the president is standing
sQuarely behind him So ell is quiet
again on the Potomac and the
chances Of @ soldier bonus becom-
ing Law arc As remote as ever.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-03-20
FRANKLIN SEARIE
RECEIVES DEGREE
NLAW TOMORROW

Franklin Searle, son of Mr. and
Mrs. C. J. Searle, 934 Twentieth
street, will receive his degree to
morrow from the law school of the
University of Chicago. Mr.. Searle
is a graduate of the Rock Island
high school Graduation exercis $
will be held tomorrow. Mrs. Searle
and Miss Ann Pryce accompanied
Mr.. Searle, who had spent sever 81
days in the city, to Chicago yeste--
day to attend the exercises.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-03-20
ELIJAH JOHNSON DIES.

Elijah Johnson, colored, 1902
Fourth avenue, East Moline, died at
$50 O'Clock Saturday evening in
the home, after 10-days' illness of
pneumonia.
Mr.. Johnson was born May 80,
1876, in Princeton, Ky. He moved
to East Moline four years ago and
was employed at the Harvester
works. Survivors are the widow
and a son, LaVerne- He was a
member of Arsenal lodge, A F. &
A. NJ.
Funeral services will be held in
the Mt. Zion Baptist church tomor-
row and the body will be sent to
Princeton, KY, for burial.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-03-20
In the Lodges

John Olson, Galesburg, inspector
OF the grand chapter of Illinois,
Royal Arch Masons, in the eleventh
district, which includes Rock Is
land, will inspect Rock Island
chapter, No. is, tomorrow night.
Three candidates will receive the
royal arch degree.
A delegation from the chapter
will visit the newly organized chap
ter in East Moline in April and con-
fer the past and most excellent
masters degrees upon a class of 35
candidates.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-03-20
FORD INCREASES
FORCE IN PLANTS

Detroit, Mich, March 20.-An-
nouncement was made today by the
Ford Motor company that an in
crease OF 20 per cent in the num-
Der employed at the Ford plants
was being put into effect today
and that preference would be given
former service men
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-03-20
Peoria Livestock.

Peoria, III, March 20.-Hog re-
ceipts, 1000; 15c to Csc higher; top,
1910; lights, 10.15@10.40; medium,
10.e0@16.35; heavies, 9.70Q10.00;
packers, 8.25Q9.00.
Cattle receipts, $50; strong to Csc
higher; calves, stronger; top,
1000.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-03-20
Horses and Mules.

East St. Louis, Ill, March 20
Horses: good to choice drafts $165
to $3.50; good eastern chunks $S5
to $135; choice southern horses $50
to $50.
Mules: 16 to II hands $3.50 to
$40; 151a to 16 hands s160 to 1886;
141a to Is hands $S5 to $3.50.