davidaulloa/AmericanStories huggingface dataset:
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-26
ing htese distributions furnished
promising speculative material

ing htese distributions furnished
promising speculative material
which was used to bid up the Stand
ard Oil issues with considerable
violence both on the stock exchange
and in the market outside.
Among the issues on which quar-
terly dividends were declared
were R. H. Macy preferred; Ali
ance Realty and New England Fuel
Oil. The st. Joseph Lead COM
pany declared a regular quarterly
dividend of Csc share and an ex-
ira dividend Of squal amount both
payable December 20 to stock of
record Dec. 3.
The VirginiaCarolina Chemical
company announced that it will re-
deem all outstanding 12-year tx
per cent sinking fund debentures
on or before Nov. l at the Guaranty
Trust company at los and accrued
interest to date Of redemption.
The Carnation Milk Products
company will redeem all its out
standing five-year sinking fund Z
per cent bonds on Nov. l at the
Continental and Commercial Trust
and Savings bank, Chicago, the Ma.
tional Bank Of Commerce, New
York, the Bank of California, Sar
Francisco, and Dexter Horton Ma.
tional bank.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-26
{By the Consolidated Press,

U. s. Yards, Chicago, Sept g.
Livestock trade was slow to start
but there was some improvement,
in some branches late in the day.,
At 10 point markets the cattle sun
ply was posted at 81. 400 against
$4,000 week ago. with hogs stand
ing $1,000 against 1850. At thu
local yards stale supply Of near.
~ $4,000 was added to the fresh
run, and this hurt the trade. Strict.
ly prime steers were held above
$12 today. Receipts were estimat.
ed at $4,000 cattle, 10000 hogs, H..
900 sheep and $500 calves.
CATTLE.
Prime steers were taken at $ll. 50
to $12 and the trade was stronr
compared with the best time Of tia
day before. Bulk of steers went al
$3.50 to SO, the general trade show
ing weakness late in the day. Cows
and heifers were steady at the start
but the market was easy late in tho
session. Good Gamers sold at s.
and below, while best bologna bulls
went at 81 to $4.25 on . steady to
easy market. Choice calves sold
fully steady. Small lots went to
outsiders at $3.50 to $13, as quail
ity showed improvement.
HOGS.
Light hogs were weak to a dime
lower, with choice butchers at
5000 to $1065, but some OF the
rough mixed lots were down 15c to
Csc late in the day Most Of the
heavy butchers sold at $685. to-
5000, with rough packing stock at
$7.25 to $7.75. Pigs were down Csc.
placing the best at 1925 to $3.50.
SHEEP.
The run fell far short Of the first
estimate, and this helped the trade
to q gain of 10c to 15c in spots for
choice lambs. Choice lots were
quoted at $14.50 to $14.75 to ship.
pers and city butchers, while biz
killers took most OF the stuff at
$14 to $3.50 Feeders and aged
muttons were about steady.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-26
Curb Market

New York. Sept. "a. Standard
OIL Of New York and Vacuum OIL
were the features Of the trading on
the curb exchange today. The for
mer made Q new high record. mp
over 20 points. and the latter got
up 8 points to its high for the year.
Realizing sales brought about fur
Their recessions in other sections
Of the list, The volume Of business
was smaller than in some time. due
to the fact that several active lead
ers have been transferred to the
stock exchange within the last few
days. Standard Oil of Indiana lost
ground and the advance in Stand
ard Oil of Kansas was also check
ed. Ohio Oil, on the other hand,
gained slightly. International Pc
troleum and Angl0-Amerfcan Oil
were quiet and firm while others
of this group we're practically neg
lected.
Cities Service issues shared frac-
tionally in the general decline. The
company plans to cut its funded
debt $10,000,000 by the redemption
of its gold debentures. The $1,000
900 series B of this issue have al
ready been called. Heavy realiz-
ing in Gulf Oil brought about ma
terially lower prices. while the de-
mand for Mutual Oil slackened
somewhat, but these shares held
firm at their recent high. New
England Fuel Oil went somewhat
higher on the declaration Of the
regular quarterly dividend Of 5 per
cent. Carib Syndicate. Maracaibo
and Southern States Oil were low
er.
The feature of the miscellaneous
section was further sharp decline
in Schultz Retail Stores. 1t had
been expected that some statement
would be made yesterday OF the
consolidation of this company with
the Whelan-Duke interests, AND
when this did not materialize today
the shares lost most Of their gaiI
on last week.
Department stores issues were
less active and lower, but decline:
were confined to small fractions
The declaration of the regular
quarterly dividend of TX on MACY
preferred was announced. Shelf
field Farms company first mortgage
|6h per cent bonds of 1912 were ad
mitted to the curb trading. Thes'
bonds were dealt in between pa
and between the 4 and par ant
Malt.
Motor shares were quiet with tn
exception Of Stutz. which fluctuate'
within range Of point from it
previous close. Durant common
continued to decline, while tn
Packard Motors preferred also wa
. lower.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-26

the affair up to q short time aso.
when, he said, he investigated and
found that legal procedure had
been followed. The special police
men filed $500 bonds with City
Clerk Martin Rudgren, he said,
and then applied to Chief Cox for
stars, which he was obliged To-
grant them.
The boards opinion on the mat
ter was embodied in another reso-,
luton which was passed and will
be presented to Commissioner
Fitzsimmons as temporary active
head Of the police department. The
resolutions are:
WHEREAS, 1t has come to the
attention Of this board that there
are several persons in this city
having in their possession permits
for special policemen and are TAX
ing advantage of this situation, and
WHEREAS, This board, under the
rules and regulations thereof, has
the power and authority to issue
such permits, and has up until this
time issued only one such permit,
THEREFORE, Be 1t resolved by
this board that we do not approve
of this manner Of issuing permits
and deem it to the best interests Of
the community that those so-called
permits should not be in the pos
session of the persons who possess
the same. and those persons should
be deprived of those permits as
well as any city property they
may have in their possession.
Therefore. be it
RESOLVED, That the CHIEF q
police of this city forthwith take
possession of these permits and
present them to the board, togeth-
er with any city property founS in
the possession Of these persona
Mayor Issues Orders.
Before practically all the police
men of Rock Island, Mayor Harry
NJ. Schriver declared that the po-
lice department should put an end
to all vice of any sort in the city,
in the police station last night.
1.-THE newspapers have charged
that policemen are not at liberty
to arrest some law breakers the
mayor said. II hereby notify each
and everyone of you that you are
personally responsible to me for
any lawbreaking in the city. Every
man is hereby ordered to arrest
anyone on your beat you find sell
ing liquor or operating a gam.
bling game, to arrest any street
walkers, inmates or keepers OF DIS
orderly houses, or motor venice
law violators"
! The mayor added that he person
ally, did not know that any OF THESE
conditions exist, but he charged
all officers to investigate and enc
such conditions if they could d.
found.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-26
JUDGE DUC0Mb
TO DECIDE IN
TIERNAN CASE
CONTINUED from First Page.)

ranged between the two and the
affair was carried on for the better
part of a year. Finally, she testi-
fed, she told Poulin she was about
to become mother and that he &C
knowledged the paternity of the
unborn child. Following this, how
ever, she asserted, Poulin broke off
relations with her and refused to
speak to her when the two met on
the street She decided then, she
said, to confess to her husband, and
told him of her relations with Pou-
lin. After the child was born her
husband went to Poulin and told
him of her alleged confession and
Poulin refused to discuss the az
fair, the witness said, whereupon
she determined to bring court &C
ton and force him to acknowledge
the child.
Tiernan Backs Wife.
The latter part of the story was
corroborated by Professor Herman
on the stand. He told of meeting
Poulin and demanding that the lat
ter pay the cost of accouchement.
He testified that Poulin acknowl-
edged the fatherhood of the child
and promised to pay the medical
charges incident to the child's birth
but that he did not carry out his
promises. Other witnesses were
put on the sttnd by the state to tes-
tify regarding details.
The hearing of the case was re-
plete with sensational incidents
During the first part of the trial
| the spectators were constantly in
an uproar and it finally became
necessary for the hearings to be
held behind closed doors. Person.
alities were INDUCED in frequent.
ly between contending attorneys
and Judge Ducomb was called or
many times to reprimand witnesse.
for violations of court rules during
tense moments of the trial.
There is possibility that Judg,
Ducomb may reserve decision il
the case for several days, and coun
sci for both sides have indicated
that an appeal will be taken to 1
higher court in event the decision
SIS against them.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-26
COX SUSPENDED
| ASPoL|CE CHIEF
Confined from First Page.)

my working organization" said the
commissioner, Il should fire him or
at least report his actions" To this
the chief vouchsafed no reply.
In their deliberations later the
commissioners decided that an in
vestigation of the department is the
only course they can pursue when
affairs have reached the present
pitch. The chief was ordered sus-
! pended for 80 days, while the con-
ditions he charges exist will be
sought for.
FitzsimmoHs Head.
City Commissioner William H.
Fitzsimmons, department of public
health and safety, nominal head OF
the police department as a whole.
will be left in charge Of the depart
ment- temporarily, the board de-
| cided. This will hold for the term
of the investigation, after which re-
instatement of Cox or appointment
of a new chief will transpire.
What was done by the Miner
brothers, Edward and Charles, both
patrolmen, on the night of the Gabel
murder, came in for questioning
Charles Miner and Chief Cox both
stated that Charles Miner was as
signed to special duty with the gov
eminent prohibition agents, partic.
ularly Gosse, in accordance with the
mayors orders. He tried to locate
Gosse, but could not earlier in the
evening, and then went to the sta
ton to await a phone call which
should summon him to the agents
In the meantime Edward Miner hal
been called in off the beat which
protected the Gabel place, to take
his brothers place at the station, al
patrol driver.
There they both remained unit
news of the shooting came and they
called the chief and began working
on the case. ~
Mayor As Defender. IS
In a casual way Mayor Harry M
Schriver dropped in at the city hal
during the boards meeting, and oh
B0Iteu LuC WO1 n VI tAC COhlAASoAOu
ers.
why are newspaper representa-
tives here?" the mayor inquired.
This is public meeting" an
swered Mr.. Bakersfield, land the.
are interested in the proceeding
tonight"
He heard the Interrogation o
Chief Cox and of Charles Miner
Later he defended the chief warm
ly, saying that Chief Cox has hat
big obstacles as head of the depart
ment, and quoting various Judge
and other authorities over the stat
who spoke in complimentary man
ner of the chief.
1T is true that Chief Cox ha
been a capable and efficient Office
in the past, and that he has grea
|, abilities in the police line" MI
Bakersfield admitted. But yol
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-26
PASSENGER SHIPS
ON LAKE MICHIGAN
PLAN TO BURN OH,

Chicago, Sept. 26.-The steam
ers North American and South
American of the Chicago, Duluth
& Georgian Bay Transit company
line, at the completion of their
seasons run, have been laid up in
Detroit for the installation of oil
boilers. The finest transatlantic
burning equipment under their
liners have been rapidly changing
over to oil burners during the last
few years. But these will be the
first two large passenger steamers
on the Great Lakes TO have this
equipment.
This change will not only make
for greater economy and speed of
operation, but will add greatly to
the comfort of passengers, as it
will eliminate the annoying coal
ing operations which have hereto
fore been necessary along the
route.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-26

mot INFECTED
! BY TURK NEWS
! n mUAM 7. WEST.

y
wall Street., New York. Sept -.
The selling movement in today's
sHock market was not m express
6t6n Of genuine copcern over En-.
f0D1an politics. Rather it indicated
III the Turkish news was being
i xploited with some moderate de-
nee OF SUCCESS By professional
traders, working to get prices
deWn. The best reason Tor re-
harding the selling - Of no great
importance was that there was no
evidence OF q real war scare In any
IL ten other markets.
Sterling exchange did come
down to the low figures OF 10 days
40. but the drop was fully ex-
plained on commercial grounds
a increase in the supply Of drafts
dawn against English purchases
df.s American grain and cotton such
% commonly occurs at this session.
aThe other exchanges with the
exception Of German marks. were
STEADY throughout and slightly
higher In the case Of francs and
lire. The exchange market, which
io.always the most accurate meas
ure Of banking opinion in q politi-
cII crisis, gave not the least indi-
cation Of uneasiness. French gov
ernment bonds were of a bit but
English government securities
were stationary. Even upon the
sensitive wheat speculation the
news of the Turkish advance In
neutral territory had little effect
r. was purely negative factor in
the cotton market Of the day.
The fact that the stock market
proved vulnerable to speculative
raiding simply meant that thu
Wall Street pools and syndicate'
which we're back of the operations
for the rise In July and August hat
temporarily set too fast pace
The upward movement had go
ahead Of the trade recovery. 1t hal
amply discounted the influence o
cheap money. Moreover, the &C
tive investment demand which wa
such a sustaining force not only il
the bond market, but in the stool
market, had suddenly subsidized. r
some extent this was due to an in
clination to await developments a
the Dardanelles. More largely
reflected uncertainty in invest
ment circles as to what effect tn
new government financing, prom
ised in the near future would hav
upon the general bond list.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-26
= FINANCIAL NOTES

"A syndicate Of New York bankers
today offered $7,000,000 Pennsyl-
vania Power and Light company 5
per cent bonds at price to yield
about 51a per cent. The proceeds
will be used to reimburse the COM
pany for previous capital expenses
and to pay TO Traditional construc-
ton work now in progress.
Among the issues selling ex-divi-
dend today were Reading company
second preferred; Nashua Manufac-
turing preferred and Monongahela
Power and Railway.
Receipts of grain at Winnipeg
today were reported to be running
exceptionally heavy, being nearly
double receipts of year ago.
The reduction of prices by the
Oldsmobile company ranging from
$50 to $3.50 on Oldsmobile models,
was widely discussed in financial
circles today in it's bearing on pos
sible cuts by other automobile
manufacturers.
'!Texas company officials today
denied there was any truth in re-
ports of merger which would
place Tidewater Oil, Fensland Oil
and one other unnamed oil pro-
ddcer under control of the Texas
Company. Il.
1t was announced today that Mid.
vale Steel stockholders would no,
be asked to pass ON the proposed
merger with Republic Steel and In
land Steel at the annual meeting o
the company Oct 8. That meetin,
will be confined to routine business
according to present plans.
The Booth Fisheries compan,
has sold to bankers an issue o
100000 seven per cent bond
which will be offered the public a
prices to yield 7.25 per cent. TIL
cQnds are convertible into commo
stock Of no par value at so share
for each $1,000 bond.
Coffee was quoted: Dec. 9.25
March and May. 9.27; July, 9.2l
Raw sugar: Dec, 3.19; March, sos
May. 3.17; July. 3.32. Refine
sugar: Oct, Nov, and Dec, 6.25.
The selling movement on tn
stock exchange ran its course b
early afternoon, There followed a
interval of extreme quiet and the,
in the last hour the market wa
helped by the renewal, of specia
buying in the Standard Oil shares
Nothing definite was given out Il
the subject Of the various scheme
OF disqualification in stock divi
dends which have been DISGUISE,
Tor the last week or more in con
nection with Standard Oil proper
ties. But the uncertainty regard
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-26

know as well as 1 know how things
have gone about town in the past
year or SO. We have been waking
up to the fact, in the past six
months, that vice is being openly
Haunted here, that members of a
certain large group of shady citi-
zens can and do to our personal
knowledge and those Of policemen,
speed about the streets in defiance
Of laws and conduct vicious resorts,
We have spoken to him about this,
and he has said both privately and
openly that the conditions would be
improved"
But the town is comparatiye,y
clean now" the mayor protested.
THERE'S big difference be-
tween the city's being cleaned up
and the vice district being under
cover" said Commissioner Muel-
Ter, "and we don't want them
covered up, as is now the case, bu,
cleaned up. Our chief says he
can't do it because of disobedience
on the part of his men. But he
has never mentioned this to us be-
fore. We rule that he is ineffi.
cient, whatever the reason is"
Pass Resolution.
After examinations of the chief
Mayor Schriver and Miner, which
occupied until after 10 o'clock, the
! commissioners deliberated on the
case. 1t was decided that they
should pass resolution suspend.
ing the chief for not exceeding &c
days. in accordance with procedure
set by law, and Mr.. Mueller drew
up the document, which reads as
| follows:
WHEREAS, It has been charged
in the public press that the police
department of the city of Rock Is.
land is in a demoralized condition
and
WHEREAS, Chief of Police
Thomas Cox has stated before the
board that he has repeatedly or.
dered patrolmen and officers unde,
his charge to enforce the laws Of
the city, state and county, which
they have failed to do, and
WHEREAS, Chief Thomas Coz
has made the admission before this
board that the police department
of the city is in a demoralized con.
dition, therefore be it
RESOLVED, That Chief Thomas
Cox be and is hereby suspended fol
a period Of not exceeding 80 days
! pending thorough Investigation
of the police department.
Commissioner J. H. Fender, fol
personal reasons, was excused
from voting on the resolution.
Hit Special Police.
Members OF the board agreet
that the use Of police stars, undel
authority granted otherwise thai
by the civil service commission
has become Objectionable. The,
asked Mayor Schrfver to explain
how ut least two persons in Rocl
Island gained special police per
mitx. and ha claimed ignorance 10
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-26
Bond Market

New York, 0epG zS.-Weakness
prevailed throughout the bond
msrket today. Eor The first time
q long Whiie three issues Of lib
eSty bonds sold below par. The
secodd fours, the second 4As and
the third ms had this undesfr-
able distinction. All the govern
ment issues were lower. Whether
that vas to be attributed to uncer-
tatnty about new government nm
ancing or whether 1t was due to
continued concern over the for
eign situation cannot be said.
Weakness was prevalent in both
high grade and speculative bonds.
There were some signs Of liquid
alton or attempted liquidation by
dealers who offered their holdings
at substantial concessions but with
out attracting any great number OF
purchasers. The result was that
actual sales we're on small scale.
French bonds held comparative
ly steady around the low prices,
the S. being q trifle stronger than
the TVS. United Kingdom says
Of 1887 were heavy and fraction
ally lower. Dutch East Indies SIS
lost ground and MexicaQ issues
! were reactionary.
High grade utilities held better
than either the rails or industrials'
Examples were American Tele-
phone and Telegraph collateral
trust IS which were steady around
/ 100 to 1904. New York Gas, Elec-
| trio Light and Power SIS sold al
par. Atchison general 4's-were OF
fractionally, but no attempt was
made to buy any large quantity
around the prices quoted. These
bonds of course represents tht
highest type Of railroad security
1t sells on about a 4.35 percent bas
is. The high for the year was ssh
and the low IS. Today's sales
ranged around 80 to 92A.
1t is perfectly obvious that NJ
conceivable complication in thu
Near East could be responsible TO
any decline in a bond of this kind
Only anticipation of higher rate
for money could be indicated. New
York Central SIS were very activ
around 80 to a fraction lower. Six
ty millions of this issue were of
fered in April last at 94h. Prob
ably a proportion of this amour
has not been firmly placed. Nor
thern Pacific SIS were another hig
grade issue which sold off fror
yesterdays closing price. Anon
bonds legal for savings banks thi
one is prominent because of tn
high yielding base on which
sells.
OF the speculative issues the S
Louis-San Francisco income 6
and the Erie convertible AS wei
lower. Erie prior lien As ais
sold down. The convertible issue
notably Cerro De Pasco SIS, sol
off with the rest.
Notwithstanding the hesitatio
shown by quoted prices for old il
5 sues, new offerings were said
1 have been well taken. The synd
8 cate putting out the $7.000,000
: Pennsylvania Power and Light r.
5 funding SIS announced that a
: bonds had been sold. They wei
offered to yield about 5h percen
! The Sheffield Farms issue of g.
y percent mortgage bonds totallir
: s., $4,000 were also reported sol
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-26

Ell Paso, Sept Is. - President
Obregon signed decree declaring
nonretroactive article q of the
Mexican constitution, which pro-
vides that the Mexican government
retain ownership of sub-soil on all
property, giving it mineral and oil
right, according to NJ E. Johnson,
editor of Mexico, local periodi-
cal.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-26
Toledo Seed.

Toledo. Ohio, Sept. 2s.-Clover
seed: prime, cash, 1850; October,
1880; December, 1860; March,
10.87h.
Timothy: prime, cash (old), 800;
new, 2.95; October, 800; Deem
Der, 3.e5.