davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1922-10-10
INDUSTRY GAINS
REACH RECORDS
IN PRODUCTION
Employment Larger Than
1920, With Labor Shortage,
Says Commerce Report.
BY w. ii. ATKINS.
International News Service.

American industry Is now mark.
ing up the best production record
made since the period of depres-
sion two years ago, it was shown
by a new business survey by the
Commerce Department.
Increased output Is general
among all industries. the reports
said. Factory employment is larger
than at the end of 1920. This is
held to be a chief factor in a more
even distribution Of buying power
over the entire country.
Declines in prices for agricultural
products are believed only temper.
ary. Bountiful harvests forecast
for this year have served to de.
press farm product prices. but
world demand is due to send them
up again. Meanwhile the farmers
are resting easy. assured Of plenty
Of credit, according to Government
officials, and a large percentage Of
them so well established they
upon the banks which such as
year preceding.
Conclusions Of Experts.
Manufactured articles and miner.
ais have shown a tendency to rise
in price as a result of increased de-
mand. The conclusion of experts
Is that industry is again upon a
sound basis, after twenty.four
months Of curtailed production and
deliveries from accumulated stocks
of goods.
Healthy business activity is re.
fleCtcd by the following Industrial
developments:
Wool consumption Is larger than
In any period since the Census Bu-
reau began compiling such data.
The textile mills absorbed large
volume, due partly to the increased
receipts OF foreign wool before en-.
actment OF the tariff law.
While exports of steel and iron
have declined, they are consider.
ably higher than the low records of
last year. A big increase is noted
in the production. shipments and
sales OF steel sheets. with produc.
ton at new high record Of 81
per cent OF capacity.
Automobiles Break Records.
Production Of automobiles, both
pa sscngcr and trucks now exceed
all previous records.
Large seasonal increases in ex.
ports of wheat and wheat flour
are noted, although less than the
same period last year. Exports of
rye and rye flour also have in
creased.
Better spending power OF public
is indicated by heavier purchasing
both OF luxuries and necessities.
Merchants report larger sales than
last year.
There is an actual shortage of
labor in number OF industrial
lines, the demand for skilled labor
being particularly strong. With
labor well employed. business can
see prosperous conditions through
the entire winter.
The Washington times., 1922-10-10
Study of Farm Credits.

Eugene Meyer, jr.. managing Ci-
rector of the War Finance Corpora.
ton, will leave here today for a sur
vey OF Western credit conditions.
He will go first to Albuquerque. y.
M, to confer with the corporations
agricultural loan agency and make
special investigation OF the situa-
ton in the drought stricken sections
OF the State.
From there Mr.. Meyer will go to
Los Angeles, San Francisco, Chay-
enne, Wyo., Billings, Mont, and Mn
neapolis, to discuss agricultural and
livestock loans made through the
corporations agencies and to confer
with representatives OF Western
interests regarding legislation fer
the permanent financing OF the
agricultural and livestock industries.
The Washington times., 1922-10-10
.PROSPER|TYBUT
NOT BOOM SEEN
by CREDIT MAN
Business Improving, Says Ire.
goe, Who Weighs Favorable I;
and UnfavorabIe Factors.
BY j. II. TREGOE,

NEW YORK. Oct. 1O-The IA
vorable and unfavorable factors in
the present business situation may
be summarized today as follows:
Favorable Factors.
Increased volume of business.
This is reflected by carloadings,
bank clearings and other indices OF
business volume.
2-Adjustment OF the coal strike
and the collapse Of the shopmens
strike. We put these in the favor.
able column merely because ot
their immediate effect and not bet
cause they betoken a permanent
settlement of the questions IN.
volved. They might just as well
be placed in the unfavorable column
of this summary.
3-Large increases in the produce
ton of basic commodities. apparent
in iron, steel and other commodities
of basic Importance.
4-Increased production in some
of our larger industries. This Ii
discernible in quite a few indus
tries.
5-Increase in orders for railroad
equipment.
6-The Presidents veto Of the
bonus bill. This action removes what
might have been a serious burden 70
our recovery.
7-Improved condition Of credit.
This Improvement is very noticeable
in the reserves of banks and the
credit available for sound enterprises
and aside from speculative purposes.
UnfavOrable Factors.
l-Disparities still exist in the
relation of prices to one another, par
ticularly the disparity existing be
tween prices of farm products and
manufactured products.
Low prices OF farm products.
This situation is limiting the buying
power of the farmer. although this
condition is very much improved over
a year ago.
3-Advance in prices of produtiocn
costs. Undoubtedly. and as we have
pointed out many times, advances in
fabricated commodities, and particu-
larly where they are based on higher
production cost, will unfavorably
affect our recuperation. The pricp
must be steadfastly watched.
4-High prices of fuel and light
ing. In August fuel and lighting
stood at 271. as against 155 for the
general index This is serious as af-
fecting home and industrial necessi-
ties.
5-Continuing unsettled situation
in European and in Near East af
fairs, Recent complications in the
Near East are serious and must have
their effect on world production.
No Boom Coming.
Throwing all of these facts to-
gether. we cannot but forecast an ac-
tive fall business, though the per-
manenCy of it and the future will rest
on the wise handling of present prob
lens. We are still confident thai
fundamentally the improvement
holds and that we shall return
eventually TO sound trading conde
tions.
/ say emphatically that we are not
bordering on a boom. There is moth.
ing in the situation at home or abroad
that would suggest one. We must
struggle hard to maintain the i'm.
provements we have made to neu.
tralize the present complications 50
far as human powers permit.
The Washington times., 1922-10-10
U. S. MACHINES AT WORK
IMPROVING CHINESE CITY

American methods are transform
ing south China. the Department of
Commerce learned today.
A Chinese engineer who was
trained in America, is engaged in
modern street and road building at
Swabue. one of the ancient seapurts.
Public gardens have been laid out
concrete highway bridges and wharfs
planned. and the use of American
machinery employed to pull the old
town out Of rut Of centuries of
industrial and civic slumber.
The Washington times., 1922-10-10
Chicago Grain Market.
tFurnish.d by Redmond q Coz

CHICAGO, Oct. 10.-Wheat start
ed steady; corn and oats easy. Trade
was not large. After the first few
minutes scattered selling was wit.
messed in wheat and the market be.
gan to rule easy. Bearish ConstruC
ton of the Government report put
a slight weight on corn. Estimated
receipts were for a moderate run OF
cars. Some buying was later aug.
mented by the firmness at Liverpool
Hogs at the yards were slow and
10 cents lower. Political news from
abroad had little influence in the
market early.
The Washington times., 1922-10-10

Although no figure covering the
aggregate Of Washington ap"liCa.
uon on the initial day of the offer
ing was available, it is estimated by
iocal bankers that Washington 5
subscriptions would reach the S.
ooO,OOO mark. The proportions uf
the response in this city. whose sub
cription will be filled by the Federal
RESERVE Bank of Richmond, is indi'
Gated by one institution whici, re.
ported that one local concern had Or
dered 100000 worth of the bonGs
Not only are individals and is
Purchasing the bonds in large
amounts, but the banks themselves
have put in large orders on their
own account. 1t is estimated that
the oversubscription to the issue
throughout the United States will
probably exceed 500, 1000, 900.
The Washington times., 1922-10-10
Foreign Exchange.

NEW YORK, Oct. 1O.-Sterling
demand, 4.4lSs; cables. 4417s.
Francs demand, 7.5l; cables, 7.j1ls.
Lire demand, 426: cables 426is.
Belgian francs demand 699Ia;
cables. Z. Marks. .0O039s. Drach.
mas, 3lS. Swiss francs demand,
1888; cables, 1911. Guilders lie.
mand. 1855; cables. 3S.Ss. Peseras
demand, 1918; cables. l52O.
Sweden kronen demand 26.lG:
cables, 1852. Norway demard, 1855:
cables. 1870 Denmark demand,
20. 20: cables. 20.24.
The Washington times., 1922-10-10
STOCK MARKET
CONTINUES ON
UPWARD SWING
Oil and Steel Stocks Are in
Strong Demand in Early
Trading.
BY w. s. COUSINS.
Copyright. 1922. by Cosmopolitan News
Service)

| Copyright 1922, by Cosmopolitan News
Service)
NEW YORK, Oct. 10.-The frs,
half hour in the stock market to
day was occupied chiefly with the
after.effects OF yesterdays whirl
wind finish. The accumulation OF
belated buying orders was of such
magnitude that the whole market
was swept bare of offerings and
prices again scared up to near
heights.
Standard Oil of New Jersey sold
above $50 in the first few minutes
Car and Foundry continued it's ad
vance to a new high at 1897; At
lantic Refining shot up rs point
more to 1915, and Mexican Petrol
cum rose about four points to
around 1911. and United States sold
at the highest figure since early
1920. Everybody wanted stocks and
wanted them in a hurry, and the
professionals were not slow to
seize their opportunity to crowd
between buyers and sellers and
reap their share Of the profits.
There is a we'll respected theory in
| the stock market that when stocks
as a whole. or in individual cases
show their ability to break
through" previous high points, they
are much more liable to continue
their upward course. The same
rule applies to the low points in a
bear market. Not only have a
large number OF stocks accomplished
this feat in recent days. but the
average which reached its summit
| on September II and receded quite
sharply from that point, has again
pierced through to new peak,
and the significance OF that per
formance, in the estimation of the
| bulls, is profound and mighty. AT
last their golden moment has ar
rived.
Oils BuOyant.
Mexican Oil stocks naturally re-
Ccived a boost from the latest state
ment of President Doheny of Pan
American to the effect that there Is
not the least foundation for the re-
Dorts that the oil wells Of the com
pany are drying up. He cited IN"
fact that some of the wells. which
have been productive for eighteen
wears. show no signs OF exhaustion.
Pan n-AmeriCan was particularly buoy
ant on this statement, advancing
briskly to So. for gain of more than
four points.
United States Steel was in strong
demand in anticipation of a favor
able statement of forward business
at noon. Crucible was buoyant in
the first hour. hut sold off at con
cessiOns after that period. Railroad
stocks were inactive and inrttEed 20
be slightly rcaCtionary. Brooklyn
Rapid Transit was the most notable
exception TO the forward trend in
the market. the stock selling off .
points from yesterdays close, whil >
the certificates were off points 1t
Is. Malinson also showed rea'
tionarv tendency. and at 33& vas
more than points down from yes.
terdays high.
Call money prevailed at 3 per cent.
The Washington times., 1922-10-10
Cotton Market.

NEW YORK. Oct. 10-The cotton
market was less active this morning.
with the exception Of October,
which opened l point higher, initial
transactions were at losses OF to s
points. The South. Liverpool, and
Japanese interests were sellers. And
Wall Street and local traders bought
Soon after the start. however, the
early losses were recovered.
The Washington times., 1922-10-10
District Bankers Meeting.

The first fall meeting of the Dis.
trict Of Columbia Bankers As,ocia.
ton will be held next Monday night
at o'clock, 1t was announced te''ay
by Joshua Evans. jr., president
Although nc definite program for
the first meeting has yet been
arranged, a full attendance Is eX-
pected in view of the many import.
ant questions that will come before
the association for settlement in the
near future.
The Washington times., 1922-10-10
BUSINESS BRIEFS
Nv CosmopoIitan News Service.

The September net operating in.
come of the New York Central will
approximate s4,4OO,O00, or within
81 900, 900 of the net for the same
month in 1921.
The August net income for all Class
/ roads totaled $52,579,799. or at
the rate of 2.65 pc cent per annum
on the tentative valuation.
Prices of diamonds have risen 20
per cent, due TO the increased de-
mand for diamonds, particularly from
America, according 10 report from
London.
A block Of Sinclair Consolidated Oil
8 per cent cumulative preferred stock
at 100 and accrued dividend, free of
normal Federal income tax, is offered
by banking group.
The Standard Oil Company Of In.
diana has reduced gasoline and
naphtha 2 cents a gallon throughout
its territory.
Willys.Over. IN ~ ~ 6k
willys Over. .pf. 43h 43 43h 42t
Wilson Conn.,. AK Ak HH IS
woolworth -. 1877 1877 1877
Wright Aero. iox 10 10 1ok
Open. High. Low. Close.
Call money.
Stocks sold up to
la m. l2noon. lp.m. Up. m.
40l 800 $4,000
Bonds sold UP to
IL. a. m. 12noon. 1p. m. Up. m.
1892 900 $4,000
The Washington times., 1922-10-10
Local Stocks.
SALES.

SALES.
Washington Gas SIS, $3,000495h.
Lanston Monotype. 154S0h.
AFTER CALL.
Washington Gas 76's, $200@105B
MONEY-Call loans, sos per cent
The Washington times., 1922-10-10
VIM. S. HART IMPROVED;
WIFE is FRUSTRATED

Los ANGELES, Calf, Oct. 10
Improvement in the condition of
William S. Hart, two-gun man Of the
screen, a sufferer from typhoid fever
and complications. was reported to.
day by the physician in attendance.
Attorney Milton J. Cohen, counsel
for Mrs. Hart, from whom the actor
is separated, said his client is suffer.
ing from nervous shock as result
of reports that Hart was seriously
i'll
The Washington times., 1922-10-10
ADass's SsssgssHsA&HPPs HHA&HPPs BUSINESS AND FINANCE
New Treasury Bonds
Are Oversubscribed
Washington Bankers Swamped by Applica-
! tions to Participate in Half Billion Dollar
| Loan Announced Yesterday
BY HARRY GUSACK.

Washington bankers will have difficulty in filling the large
number of subscriptions for the ongerm bonds offered
Dy the Government yesterday popular the loan
hounced by Secretary of the Treasury Mellon Yesterday.
The Washington times., 1922-10-10

Steel ingot production in Septem.
ber was 2 2,373,779 tons, against 2,214,.
$50 in August, 2,4s7.104 in July and
l,l74,740 in September, 1921.
Net earnings OF the Mexican Petro.
leum Company in September were
about $6.250 900. according to E. l..
Doheny, chairman Of the company.
The Washington times., 1922-10-10
Oil Stocks.

tFurn,.h.d by w. r. Hibbs q Coz
The Washington times., 1922-10-10
Short Term Securities.

Furnished by Redmond & Co.
The Washington times., 1922-10-10

NEW YORK. Oct. 10.-The Ia
vorable and unfavorable factors in
the present business situation may
be summarized today as follows: (,
Ir..aulla L,noIn.S
Evening star., 1922-12-10

Ice Cream Sets, S2.75 to
$3.50.
Cake Sets, S2.85 to $4.75.
Berry or Salad Bowls,
1895 to 5000.
Chow Sets. 800 to &s.25.
3-piece Tea Sets. $1.75 to
17-piece Tea Sets. $3.50 to
$l6.75.
Coffee Sets, $500 to $3.50.
Condiment Sets, 3 and S
pieces. SOC to 1878.
Salt and Pepper Shakers.
15c to s5c.
Sandwich Trays. S2.75 to
Service Plates, $2.75 to
Spoon Holders. $1.OO to
$1.85.
Mustache Cups, Sc to
$1.OO.
Fruit and Nut Bowls, $1.35
to $7.S5.
Evening star., 1922-12-10

Celery Trays, each. $50 to
S4.15.
Fruit Saucers, each, 15c to
4Sc.
Teapots, each. $1.OO to
1875.
Cups and Saucers. all sizes
and shapes, each, sc to
$3.50,
Plates. all sizes, each, 25c
to $3.50.
Breakfast Sets, 1915 to
$500.
Tea and Toast Sets, 76c to
$500.
Jug and Trays, $500 to
$3.50.
Smoking Sets, $1.75 to
500.
Tobacco Jars. $1.15 to
$3.50.
Ash Receivers, 45c to $1.5O.
Match Holders. BIC to $1.SS.
Cracker Jars, $2.OO to $4.2;3.
Vases, $3.50 to $12.7S.
Evening star., 1922-12-10

Butter Tubs. e5c to S1.25.
Teapot Tiles. SOC to $1.45.
Handle Baskets, $3.50 to
$500.
Jelly Trays, TIC to S1.1O.
Spoon Trays. CSC to $275.
Hot Cake Dishes. 800 to
&2.:5.
Covered Cheese. &1.35 to
$500.
Cracker and Cheese. Sc.15
to 1928.
Fruit Bowl and Stand.
Trinket Sets. &c to 1925.
Dresser Sets. &1.OO to $500.
Comb and Brush Trays,
each, $50.
Candlesticks. each. 45c to
Napkin Rings. each. Tie.
Marmalade Jars, $1.1O to
$3.50.
Condensed Milk Jars, $1.35
to $3.50.
Syrup Pitchers and Plates.
75c to $500.
Evening star., 1922-12-10

Sugar and Cream Sets.
75c to $3.50.
Fern Dishes. with lining,
Sl.35 to $500.
Tea Strainers, 45c to 6Jc.
Toothpick Holders, 15c to
35c.
Chocolate Pots, s1.O5 to
$3.50.
Bonbon Dishes. SOC to 5000.
Comports, 1925 to $3.50.
Cereal Sets. $1.25.
Baby Dishes, each, $1.OO to
$3.50.
Butter Dishes, each. $1.lO
to $2.75.
Mayonnaise Sets. @1.35 to
Wedge Cheese Dishes.
each. $500.
Salad Bowls, each, $1.OO to
$3.50.
Chop Plates. each. 1915.
Bakers, each, $40.
Cake Plates. each, $1.35 to
$4.75.
Evening star., 1922-12-10
Practical Suggestions Carefully Selected Aractuely Priced


tremendous selling Only brief Of the
FOLLOWING faithful we've made efforts in this
ttodav;
heth medcompe
Evening star., 1922-12-10
Pyrex Glass
Gift Sets
$500

Attractive boxed sets, con-
sisting of Casserole, Pie Plate,
Bread Dish. Square Cake Dish
and Utility Dish. Fine quail
ity Pyrex transparent ware.
Pyrex Glass is no longer an
experiment. but a real need
for cooking. Casseroles, Au
Gratin Dishes. Pie Plates, Util-
ity Dishes and Teapots. 90c
to $3.50.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-02-18

the income was the tax was equal
1t would make for democracy, and
give people a real interest in the
government, which they cannot
possibly have now The feeling is
general that the big fellows are
avoiding taxation in some manner,
and that the little business man
and the poor wage Garner is carry
ing the burdens of the government
Were the income tax adopted,
and every other form OF taxation
thrown aside, this country would
bloom as never before, without
a question.
l know very well that if these
suggestions are not delivered in
the right place we can harp our
| heads off without result Is it not
| possible to get these ideas combin-
ed in the form of an amendment to
the constitution and have it pre-
scented to the committee at Wash
tremendous subject? The commit
tee and congress seem to be wal
| lowing around in verbal froth, in
ane and worse than useless effort
! to settle a question that should be
extremely simple, equitable, just ]
I believe that an idea such as you
| sponsored should not be simply
made an editorial and then let go
by, as many other good suggestions
do. You have hit on something alb
solutely fundamental. So long as
! the gold standard is maintained
! that it is to be the basis of curren-
cy measure. the income tax would
be applicable. Aren't there enough
influential men in your city who
would get interested in this subject
to lend their influence so that the
ears OF Washington would pause
and listen? 1t would be a splendid
| feather in the cap of Rock Island
to advocate and put through the
! first radical change in taxation that
has been introduced since the days
of Rameses, Cyrus or Nebuchad-
nezzar. Napoleon came nearer the
| idea than anyone else.
II seems to me there is every ar
gument for the one tax, on income
and absolutely none against it.
believe there should be action tax
en- on this splendid plan; you ad-
yanced- it and 1 believe that you
| can do a big lot to push it through
to a successful conclusion. II
you'd start campaign in your pa
per you would be surprised to see
the number of staunch business
men, the intelligent wage earnel
rally to its support, and give YOU
a lever that would pry open the
doors of congress. Think it ovel
and see il you can't do it Your
publication is for all classes and
will be read by the very people yor
want to reach. It would be an in
teresting study OF human psycholo
to note the reaction sucl
a sponsoring would bring about
More power to you.
ROBERT X. WILLIAMS.
Editor Chiropractor and Cltnica
Journal
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-02-18
A Conference Trial
Balance.

We who are so close to the 'long,
dull and complicated proceedings"
of the armament conference ARE
likely to get blurred impression of
the whole thing" the New York
World (Dem.) thinks, unless we
make special effort to see
through the details to the design. -
In fact, aside from the battleship
scrapping program definite
and concrete proposition which can
be understood" the Charleston IS.
CD News and Couriers(Dem.) finds
little more than "a blur" in the pub
lie mind regarding the record of
actual accomplishment which the
conference leaves behind it. So,
while fully agreeing with the
Springfield Republican Und.) that
perhaps time is the only critic
whose verdict really matters,
American editors nevertheless have
endeavored so to analyze that rec
ord as to make the design clear, and
to appraise it's value in relation to
the immediate present.
As succinctly listed by the st
IduI 4NC"S NIhu-Is IN SSAAOA
has done these things:
Materially lessened the chances
of war Scrapped the Anglo-Japan-
csc alliance. Limited the size OF
the worlds navies. Stopped com
petition in Pacific Notifications
Fixed the status of the islands OF
the Pacific. Made it possible fol-
China to get on her feet and FOL
/ Siberia to hold her own"
| Sins of omissions are pointed ou'
! by some writer's; the JohnstoWT
/ Democrat (DebD, for one, notes
that mot one word has been spok
en- against war itself" and the
| Butte Miner (DemD expresses dis
appointment that 1.-The militarlstlt
spirit has not been eradicated.
The Fort Wayne Journal Gazette
| (Dem.) contends that lin the ina
! analysis it will be found that little
has been accomplished in the inter
est of mankind" except the Saving
of two hundred millions of dollars
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-02-18

George Washington held the coun-
try's record in the running broad
Jump. 1t wasn't exceeded unit l
1888. He was also fine wrestler
and enjoyed most every sport.
If he were here today he would
undoubtedly be interested in base
ball, football and other clean
healthy games Of the American
youth.
Always abreast of the times and
often a bit ahead, President Wash
ington would have had the great
est innovations of the age in the
White house.
He was the first man in the coun-
try to use the letter press, and one
of the first to use a gold pen in
writing. There is no doubt that he
would have his home equipped with
every known utility ranging from
electrical household appliances to
a, wireless telephone.
If he were bit younger, he
probably would be an ardent avi-
ator.
He would be a regular patron of
the opera, the theatre and the bet
ter elias sof moving pictures-and
possibly an occasional visitor to the
| circus. In expense books rigidiy
kept by the president are entries
| for many tickets bought for the
| circus-usually in blocks of six.