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The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-12
Bond Market
BY STUART p. WEST
tcopyrighk 1e22D

New York. May 1.-THE bond
market as well as the market for
stocks responded readily today to
the unexpected announcement OF
the Bethlehem Steel-Lackawanna
Steel merger. The immediate eff
feet of the news was to send Lacka-
wanna Steel convertible IS OF 1891
to their highest price in over TWO
years. Nearing SO, they were up
two points from the closing level
on Thursday. Aside from this ad-
vance in Lackawanna SIS them
selves. fresh buying came into the
Industrial and railway securities
and either resulted in numerous
fractional advances or steamed
bonds that had declined earlier IN
the week. Bethlehem Steel SIS were
practically unchanged just above
SO.
Elsewhere in the corporation list,
improvement occurred in special
group. The Virginia Carolina
Chemical issues were feature
jumping a point too over 8 points.
There was no explanation for the
rise except that the fertilizer IN
dustry is improving. Cotton Oll
SIS reached new highs. Rubber and
tire issues were strong. Packard
Motor SIS and Kelly-Springfield IS
both advancing almost a point
Public Utility bonds were active
and as a whole inclined upward.
Brooklyn Union Gas SIS went up
a half point. Consolidated Gas rs
were an exception. They contin-
ued to work slightly lower. Greater
New York Traction bonds were
firm. marlborough Rapid Transit
refunding SIS got above 81 again
and Interborough Metropolitan SIS
rose close to II. Railway mort
cages and the lower priced rails
hardened in a number of instances.
Chicago and Eastern Illinois IS
gained points, the st. Pauls were
firmer and Missouri, Kansas and
Texas adjustments were active and
slightly higher. Central of New
Jersey were in demand at a point
above yesterdays close. There
were no features in the foreign eX-
ternal group Liberty bonds held
their ground. The third Az per-
cent loan was particularly promin-
ent, selling repeatedly on a series
of running sales in lots of so
bonds. The largest offering today
was quickly snapped up. 1t was
an issue of S4,500,000 Central Coal
and Coke company first mortgage
6 percent sinking fund gold bonds
series A.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-12
FINANCIAL NOTES

me Mingo works Of the Carnegie
.eei company has resumed oper-
"Ons employing 1000 men.
me ii. j. Heinz company called
" the redemption of June l of all
a.standing 10-year Z per cert
les due November, 1880 at 1041z
aad Interest.
me steel and Tube company OF
20, showed a net loss of the
.i or s2.57l,352 after tax, inter-
- depreciation and shrinkase of
!, 81 Inventory against a net income
Hso'S15 .20s in 1920.
AL me Union Pacific railroad in
i; M showed net income of $751;
;ss 49, or S122s a share after pre-
,ao dividends and sinking fund
agreements as compared with
a5'sO in 1890.
associated Dry Goods common
A. preferred stocks sold ex-divf-
s, sS Today. Magma Copper sold
Inc statement of President Crom-
Al OF the New York Stock Ex-
4 n.ge that when the exchange
&ssietes the examination of the
a.. reports of member houses
s.e VIII be a hundred less men,
is on the exchange, was widely
~, sssed in brokerage circles to-
- net profits of the Sts1a :
H. er Speedometer company for
rst quarter of this year, after
ess.ssclation and federal tax, were
s, Isl 70 % cents a share on the
ss ssanding stock and the company
sed profit and loss surplus OF
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-12
Street Features
LACKAwANSA STEEL.
BY STUART p. WEST
tCoypfight. 1ox2.l

Lackayanna Steel, opened on
running sales from 70 up to IS as
against last nights final OF 65Ac.
This was measure of the streets
nnprepared for the merger an
nouncement despite the 7-point
jump In the stock on Thursday.
me terms ON winch Bethlehem
Steel will take over Lackawanna
will not be actually known before
Tuesday. A NUMBER OF details re-
main TO be worked out. But specu-
iatiye' Wall street could not of
course be content with waiting for
Official word. One report was the
basis or exchange would be one
share of Lackawanna for two-thirus
OF share of Bethlehem Is plus
rights-the amount and value IN
discriminate new issue of Beth
lehem Steel Z per cent preferred.
Another, story was that the Lacka-
wanna purchase would be financed
$500 with new Bethlehem b and
new Bethlehem z per cent pre-
ferred. Ii this were true, taxing
bethlehem B at 50 and the pre-
terred at par, Lackawanna would
be worth 80, with possibilities OF
still higher prices In case OF ad-
vance IN Bethlehem issues. One
thing was pretty we'll agreed upon,
and that was that the deal mad
been put through so suddenly that
even the inside following had no
chance before the close OF business
last night to get all the stock they
SaI1teu. Hence wnen Lackawannd
on protit taking by yesterdays for
tunate buyers sold OF from rs to
IL, the offerings were quickly
goDDled up and the stock bid up
higher than ever.
OTHER STEEL STOCKS.
The street was puzzled as to how
to regard the Observation-Disclosures
wanna coup for its effect upon the
other and larger merger of indie
pendent companies. the first i'm
pulse was to look upon the situa-
ton of the Lackawanna from the
original 7-company plan as unfa-
vorable for the stocks of the latter
combination. There was quite a
lot selling of Midvale Steel and
Republic which made itself felt for
in the steel group generally. A
variety of issues representing mer-
ger possibilities became the objects
Of active speculation, but in only
two directions did this movement
seem to be at all well based.
This was in Wickwire Spencer
Steel and shares of the pipe COM
panies. The high officials in the
Bethlehem Lackawanna combina-
ton having been quoted as saying
that they now had everything that
they wanted except wire and iron
pipe, the speculative community
began to figure upon the posi-
bility of Wickwire Steel as manu-
facture of wire and either Cast Iron
Pipe or Iron Products as makers
of pipe, being taken into the con-
solidation. The stock of the COM
pany was unusually active at new
high prices.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-12
DruGoods Market
By STUART 4. NESY
Copyright. 1y22.D

New York, May 12.-Activity
turned toward the specialties in the
drygoods market today, although
prices for the standard print cloth
and sheeting constructions contln-
ued firm. Orders in print cloths
were inclined to await nearer ad-
justment of ideas between buyers
and sellers or goods for future de-
livery. Sheetings were fairly &C
tive and prices were very strong.
Sateens continued in good demand
as did pajama checks. Fine combed
yarn goods were sought by con-
yerters. Organizes, lawns and
voiles were active. The raw SILK
market was firm but demand was
very moderate. Thrown silk was
strong, although some shading of
prices were reported.
WOOL.
Boston, May 12.-There was less
activity in evidence in the wool
market here today, although prices
were firm. Buyers are hesitating
before they pay the figures demand
ed for some grades and the woods
in supply here at present are not
those most needed by the manu-
facturers of wooden goods. The
competition on the ranges continues
brisk with prices reported as rang
ing between 80 and 40 cents a
pound on the grease. Reports from
the foreign markets show advances
in prices with American buyers
fairly active.
The market here was undOubted-
y strengthened by the statement
of the head of the American Wool
en- company that the expected in
crease price continued to advance
and the wooden goods would be in
creased in price.
All the News-AN the Time
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-12
SHEEP, LAMBS
TAkE.BIC DROP;
TRADE Is SLOW
(By Consolidated Press 2

(By Consolidated PresS) sly
U. S. Yards, Chicago. May IL
Trading was slow In all branches
of the livestock trade today. The
feature of the weeks market WAS
another big drop in values fer
heavy sheep and lambs. Receipts
were 1000 cattle. $4,000 hogs. 5000
sheep and 1000 calves. ~
Cattle.
Few good steers we're Ofered
and there was little demand Some
good steers sold at $3.50. with bulk
at $7.666S25. Cows and heifers
went slowly at unchanged levels.
Calves were strong with choice
vealers al ss.0069.50. Bulls closed
at the weeks low point
Hogs.
Light hogs sold steady. Some OF
the best lots &went at $1O.S09i0.S5,
with bulk of good butchers at
.2o91O75. Heavy grades were
slow and values we're of a nickel
in most classes. Rough packing
hogs sold at s9159s-50
Sheep.
Lack of quality was evident. Val
ues held about steady, but other
grades of sheep and lambs were
weak. One lot of prime spring
lambs sold at $500, while shorn
stock went at $1,000. with the best
duotabIe at $13.50014.00. Aged
muttons sold slowly.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-12
Kansas City Livestock.

Kansas City, Mo, May 12.-Cat-
tie receipts, 1900; beef steers,
strong to 10c higher: top, medium
weights. $40; part load yearlings,
$50; all other classes, steady,
choice COWS, 6.6566.75; good. 600
@6.40: few heavy heifers, 700;
good cutters. AIS; yearling bulls,
700; Gamers, 3.25; good calves,
8.5009.00.
Hog receipts. 5000; opened slow:
later, active; steady to sc lower;
few closing sales, sc to 10c lower;
bulk, good and choice $50 to 235
Founders. 10.5001065; top, 1865:
bulk, 10000 1850; sows and pigs,
steady; best pigs, 1860.
Sheep receipts, none. Lambs re-
ceipts. 1000; shorn and springers,
15c to Csc higher; Arizona spring
ers, 1910; Texas goats, 4.10
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-12
LiUe Stock
Chicago Livestock.

Chicago. May 12+Cattle receipts.
1000: beef steers. she-stock, fully
steady; quality plain; top beef
steers, $50; bulk. 7.65@S.25; bulls.
weak to Is cents lower: veal calves.
25 cents higher; stockers and feed
ers, easy. bulk good to choice veal
ers to packers, S.0069.50.
Hog receipts, 10000; active on
better grades; sales steady with
Thursdays average; others. to
10 cents lower than the average or
about steady with the close; top,
16:s5; bulk. 10.2O01075; packers
and heavy mixed hogs, slow; most
ly 10 cents lower. Pigs about
steady
Sheep receipts, 5000; spring
lambs firm to IS cents higher;
early sales California. 1850; one
load to city butchers, 1900; others
held at 1878; sheep and shorn
lambs, slow TO lower
HOGS
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-12
Foreign Exchange.

New York. May 12.-Foreign ex-
change, easier.
Great Britain: demand, 4.441s
cables. 4.441s.
France: demand, 9091k.
Italy: demand, 5.2512.
Belgium: demand. S.31.
Germany: demand, 345sc
Holland: demand, $3.50.
Norway: demand, 1858.
Sweden: demand, $3.50.
Denmark: demand, 21.27.
Switzerland: demand. 1927.
Spain: demand. 1885.
Greece: demand, APP
Poland: demand, .0212.
CZechosloVakia: demand. 1.91.
argentine: demand. 1857.
Brazil: demand, 1895.
Montreal: 1855.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-12
Chicago Produce.

Chicago, May 12.-Butter: lower,
creamery extras, 341e; f1rsts, $40
"a; seconds, 27@29; standards,
3315.
Eggs: steady. receipts, 26,006
cases; first 24h OPS; ordinary
frsts, 22@221s; miscellaneous, 23A
ga; storage packed extras, 36& q
27; storage packed firsts, 26@26A.
Poultry: alive, higher; fowls,
26; broiIers, 3S@46; boosters, Is.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-12
Weather Forecast

Illinois and Indiana: Fair to-
night and Saturday: cooler tonight
Wisconsin: Generally fair to-
night and Saturday; cooler tonight
Missouri: Fair tonight and Sat
urday; cooler in east and south
tonight.
Iowa: Fair tonight and Satur-
day; slightly cooler in east portion
tonight.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-12
Chicago Potatoes.

Chicago, May 12.-Potatoes:
weak; receipts 81 cars; total Unit
ed States shipments, sol cars;
Northern whites, sacked, 1900 1.60
cwt-; ditto, bulk, 1.45@1.60 cwt-:
Canadian, sacked, whites, $50;
Idaho, sacked, rurals, 1.60@170;
Idaho, sacked russets, 1.S0@1.o5
cwt.
New stock: steady; Florida,
Spaulding Rose, double-headed bar
rels, No. 1, 625; No. 2, 4.00@4.25;
Alabama, sacked, Bliss Triumph5,
No. 1, 3.50@3.60; No. 2, 100000.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-12

Thomas L. Chadbourne, one of
the organizers of the proposed sew
en- independent steel company mer-
ger, said today the withdrawal OF
the Lackawanna company from the
negotiations will in no way affect
the merger which will be conclud-
ed on a six-company basis.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-12
New York Sugar.

New York, May 12.-Raw sugar,
steady: Porto Rico's, 3.92 for spots
and 39S for later delivery; Cuba's
at . 7-16 cost and freight for spot,
equal to 404 for centrifugal and ia
cost and freight for June, equal
to All.
Refined, unchanged.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-12

The Standard Oil Company Of
Ohio declared the regular quarter
" dividend of SO a share and an
extra dividend of 81 a share on the
common stock payable July / to
stock of record May 26
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-12

The gold holdings of the Federal
Reserve bank for the first time
have reached the record breaking
sum of ,000,000,000, an increase
of S130,000,000 since January.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-12
Silver.

New York. May 12.-Foreign bar
silver 70Ac; Mexican dollars,
531xc.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-12
Liberty Bonds
Local Stocks

Quotations furnished by A. G. Cochrane
Co.. 800 Best Bldg.l
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-12

Grain
Chicago Cash Grain.

Chicago Cash Grain.
Chicago, May Il.
WHEAT
No. 2 hard, 144l4 G145.
No. , hard, 1.41.
No. 5 hard. 1.21G1.27
No. 8 mixed, 1875.
NO. 4 mixed, 100.
Sample grade. mixed, 1872
CORN. =
No. l mixed, 62Ac.
No. ? mixed, 62@6212c.
No. 3 mixed, 610611ac.
No. 4 mixed, 60h a 604c.
No. mixed, 5sAc.
No. 2 yellow, 621A @63Ac.
No. 3 yellow, 61Q62Ac..
No. 4 yellow, 60A @62c.
No. 5 yellow, 59h 060Ac.
No. s yellow. 59@ 5919c.
No 2 white, 6215 @63c.
No. 3 white, 61% gee.
No. 5 white, Coo.
No. white. 59Ac.
Sample grade. seq 59c.
OATS.
No. 1 white, 44c.
No. white, 40@431zc.
No. 8 white, 39@41c.
No. white, 361203S1ac.
Sample grade white, 39c-
OTHER GRAINS.
Rye: No. 2, 1.06A @1.07.
Barley: 62@72c.
Timothy seed: 4.50@6.OO.
Glover seed: 1900 22.00.
PROVISIONS.
Pork: nominal.
Lard: 1125.
Ribs: 12.50613.50.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-12

All the News-AH the Time
The Argus
Evening star., 1922-11-04
FINED ON PISTOL CHARGE.

Arthur johnson, colored, charged
with carrying a deadly weapon. a
SPRING -bladed knife, was convicted in
the United States branch Of Police
Court yesterday by Judge Mattingly
and sentenced to pay a fine of $50 or
serve thirty days in jail. He was
committed.
Arthur had in his possession at the
time of his arrest an Army ball and
cap pistol Of civil war days, but it
was useless as weapon for lack
of the right kind of ammunition.
Evening star., 1922-11-04
$780, 900 IN REALTY
IS SOLD DURING WEEK
House at 18th and New.
ton Streets Among Properties
Transferred.

Property sales Of recent date call
ing for an aggregate investment by
purchasers of about 100000 were re-
ported this week by Moore & Hill,
Inc.
An apartment house recently COM
pleted by William A. Hill at the
southwest corner Of 18th and Newton
streets northwest was sold to an in
vestor whose name was withheld.
Mr.. Hill also sold the property at
730 18th street to DR.. Edward P.
Mertz, who previously had disposed
Of the adjoining residence. 1872 18th
street. to Ennals Waggaman.
Mrs. Eleanor BraZelton purchased
from Mrs. Fannie ]. Barrett the house
at IL Leland street, Chevy Chase. Md.
Mrs. A. G. V. Walton sold the build
ing 1881 P street northwest to Mrs.
Sarah Matte Frank and Mrs Mary
H. Hackley.
Three new stores, s1o1 to s1o5
Georgia avenue northwest, were ac-
quired from Samuel Taylor by Mrs.
Minnie Goodman.
Premises 1s15-1sl7 18th street
northwest and two adjoining lots
at the corner of 18th and Willard
streets were sold to a local investor.
The warehouse property on the
south side Of X street between Po-
tomac and 33d streets. comprising
two lots in square 1176. were trans
ferred by James P. Jeffries to a local
investor. whose name was not given.
A number of small home properties
also were sold.
Evening star., 1922-11-04
ANCIENT GOLD COIN
SAVED IN DISASTER
Relics Brought to U. S. From
Smyrna Worth More Than
Million Dollars.
Ry the Associated Press.

BY the Associated Press.
NEW YORK, November 4.-Thirty
small gold coins. believed to be among
the first ever minted, and possessing
q value estimated at more than
81, 900, 900, were brought to the United
States by George Horton, American
consul general at Smyrna, who is on
leave Of absence.
The coins were intrusted to Mr.
Horton after being unearthed in
April by American archeologists
working in the buried ruins of Saris.
the ancient Lydian capital in Asia
Minor. When MIR. Horton was forced
to fee from the flames that swept
Smyrna, the gold coins and his rec
ords were among the few things he
was able to save. -
The coins are of the mintage Of
Croesus. the last king of Lydia. and
the first great International banker.
whose name has been symbol of
wealth for nearly $500 years. They
were coined some time between 561
b. c., when Croesus ascended the
Lydian throne, and 546, when he was
captured by Cyrus, the Persian
They were unearthed in the ruins
of a tomb and thought by searchers
to have been hidden by a wealthy
Lydian when Saris was besieged.
They are regarded by arche-
ologists as one of the greatest dis
coveries in years, because previously
but five of the same coinage were
known to be in existence. These are
in the British Museum. On one side
Of each coin is a bulls head and on
the other a lions head. They are
round. and four are somewhat worn
as evidence that they had been in
circulation. They are pure gold.
Prominent among sponsors of the
expedition which discovered the coins
is said to be Cyrus Mccormick of
Chicago, who was present at the dis
covery. Fifteen of the coins, it is
understood. will go to the Metropol-
itan Museum of Art
Evening star., 1922-11-04
FOUR KILLED, FOUR HURT
IN COAL MINE EXPLOSION
One Of Injured in Birdseye Slope
Blast Expected to Die-Cause
of Mishap Unknown.

By the Associated Press.
SCRANTON, Pa, November 4.-Four
men were killed and' four others in
jured in an explosion at the Birds
eye Slope Of the Olyphant mine of the
Hudson Coal Company, at Throop,
near here, yesterday afternoon.
The death of the fifth man was ex-
pected last night, hospital physicians
stating that he was internally IN
jured.
Company officials were unable to
explain the cause of the accident. The
eight men were employed in driving
rock tunnel from one vein to an
other and were blowing out the solid
face Of the rock. Powder was placed
in five holes. which had been drilled
and one of the men began to make
the wire connections by which the
blast is fired. A moment later came
the explosion.
The dead are: George Bingham OF
this city. William Murray of Throop.
George Gumuwika OF Olyphant and
Jone Crane of Dunmore.
The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1922-11-22
HOSPITAL LEAGUE GIVES
PIANO TO NURSES HOME
CIT Made Possible through Series Of
Entertainments Arranged by
Mrs. George>F. Graves.

A Franklin baby grand piano with
ampico attachment has been placed
In the beautiful living room OF the
nurses home, gift TO the home from
the Women's league of the Putnam
Memorial Hospital.
This splendid gift was made pos.
sible through the efforts OF Mrs
George F. Graves. who while chair
man Of the ways and means commit.
tee of the organization. planned sew
eral successful entertainments. with
the end in view OF financing the pur.
chase OF plano without making any
call upon the treasury OF the league.
A musicale OF the highest order
was given, two most enjoyable card
parties were held at the nurses
home, and amateur plays put on at
the opera house which ranked with
the best professional productions
The proceeds from these various en-.
tertainments furnished sum more
than sufficient to pay for the piano
and generous number OF music
rolls.
In the near future DR.. Slgmund
Spaeth of New York will give 4 con.
cert at the home.
The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1922-11-22
EXPECT TROUBLE
TO FOLLOW ARREST
Of NEGRO SUSPECT
Troop Of Texas Rangers Dis
patched to Waco, Texas
EXCITEMENT RUNS HIGH
City Aroused by Skipworth Muir
der and Assault Upon
Young Girl
EXCITEMENT RUNS HIGH

Waco, Texas, Nov. 22.--(By the AS.
sociated Press s)--Twenty Texas rang
ers were sent here today as pre-
cautionary measure in event of an
drrest as the result of killing OF
Grady Sklpworth and the attack on
his girl companion Monday night
The girl accused an unidentified
negro.
Excitment Is running high here.
The crime corresponds in detail to
the killing OF Sid Bolton, promi-
nent young man In this community,
and the assault of girl companion
several months ago. A negro charg
ed with the crime was shot and
killed by the girls father immediate
ly following his arrest A mob
burned the negro's. body.
According to reports TO the police.
the assailant was "a negro, who held
up the automobile in which the
couple were riding, and who, after
robbing Skipworth. shot him and
threw his body over thirty-foot
cliff. The negro later threw the girl
over the cliff The tragedy occurred
about 8 o'clock at night and the girl
made her way home about $3.50
o'clock in the morning. The negro
escaped in Skipworth's automobile.
The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1922-11-22
"LEAH KLESCHNA" FOR
FORTNIGHTLY CLUB
Pleasing Portrayal Last Evening by
Maud Huntington Benjamin
OF Boston.

One OF the best programs 1t has
been the privilege Of Bennington au.
diences to hear was gwen last even.
ing by the Fortnightly club. The
evening was In charge of the pro.
gram committee and they presented
Maud Huntington Benjamin who gave
the fve-act play "Iesh Kleschna."
Miss Benjamin, who comes from
Boston, reads under the management
OF the Redpath I.ycerm Bureau and Is
considered the best In her art In New
England
The play is a wonderfully strong
drama and Miss BENJAMIN gave re-
markably fine rend ton Of 1t. From
the beginning to the end Of the play
there was not dull moment, and the
interest was keen all the way
through.
The l3 characters were so well
portrayed by tone of voice, facial ex.
preston and action that after their
first introduction it was not neces-
sary TO name them again.
The next meeting OF the Fortnight.
ly club will be held one week from
Saturday afternoon. December 2, at
the Second Congregational chapel at
o'clock when j. Thatcher Sears.
head master of Glens Falls academy,
will speak on Topics OF the Day