davidaulloa/AmericanStories huggingface dataset:
The daily star-mirror. (Moscow, Idaho) 1911-1939, 1922-08-11
B0URBONS, COPS
TO MEET TUESDAY
ELECT DELEGATES TO STATE
CONVENTIONS-F CON-
TESTS ARE PROMISED

|
Local leaders of the democratic ant
republican parties made arrangements
today for the places for holding the
county conventions of the respective
parties, next Tuesday, August Is. I'm
der the elecion laws. the conventions
of both parties must be held On the
same day., just as the primaries are
held on the same day. The work OF
the conventions will consist Of elect
ing delegates to the respective state
conventions, to be held August %, and
passing suitable resolutions.
The democrats will hold their con
yention in the chamber of commerce
rooms and the republicans will meet
in the Latah county court room. Beth
conventions will be called to order
at IL o'clock a. m.
The republican state convention
will he held at Wallace Tuesday, Aug
ust %, and the democratic convention
at Haley, on the same date.
So far as is now apparent there Is
no likelihood of any contests in the
county conventions, unless there
might be some difference of opinion
in the republican convention regard
ing the merits of the primary law
which is likely to be an issue at the
state convention Reports from var
iOus parts of the state indicate that
there is some sentiment in favor Of
going back to the state wide primary,
and some favor of abolishing the pri-
mary entirely and getting back to the
old convention system. Many consld-
er it probable that the state conven-
ton will finally go on record in favor
of leaving the law as it now is.
It is generally believed that Lieut.
enant Governor G. G. Moore will be
nominated for candidate for governor
without opposition. A number of
north Idaho men are mentioned as
possibilities for the republican nom
ination for secretary of state, to sue
ceed r. o. Jones. Among them is
Fred e. Lukens, superintendent of
schools at Grangeville; Senator U. S.
Mix of Orofino, formerly of Moscow
and State Senator F. H. Rehberg Of
Lewis county, all north Idaho men.
Alexander or Morgan2
In the democratic ranks the general
belief is that there will be sharp
contest in the state convention over
the nomination for governor, between
Moses Alexander. who was twice cleo
ted governor by the democrats, and
Judge William Morgan, former
chief justice Of the supreme
court, and former well
known Moscow attorney. While the
north Idaho counties are likely to
send delegations to HALEY favorable
to the candidacy of Morgan, it is gen
orally believed that Alexander will
capture most of the south Idaho coun-
ties.
1t is expected, according to the pre-
convention dope, that the democrats
will adopt a platform favoring return
to full primary and in opposition to
Governor Davis commission form OF
government. which has been target
for the democrats for the past three
years.
The daily star-mirror. (Moscow, Idaho) 1911-1939, 1922-08-11

of seventeen railroad labor organiza-
tions went into joint session shortly
after 1000 a. m. today to consider
the response which would be made
by the seven striking shopcrafts un-
ions to President Harding's latest pro-
posal of a basis for settling the rail-
roaod strike. Union leaders agree
that an answer to the presidents pro-
posal be made tomorrow.
r.. Il. Executives DeadlOcked
New York-(A. P.)-Railroad exc
cutives are reported late today to be
deadlocked over President Harding's
proposal to end the rail strike by TAX
ing back strikers and letting the rail-
road labor board setlethe senior
ity question.
The daily star-mirror. (Moscow, Idaho) 1911-1939, 1922-08-11
BROOKS PLANTS TROUT IN TRIB-
UTARIES OF UPPER PALOUSE

L. E. Brooks, deputy state game
warden, assisted by G. D. Kincaid of
Palouse and number of members of
the Potlatch Fish and Game Protect
i've association, planted large num-
Der of trout in the tributaries of the
upper Palouse, above Halter creek,
in the Hoodoo district Thursday. The
fish were brought from the Standpoint
hatchery by Ralph Whitmore, in his
automobile. This installment of fish
was to have gone into the tributaries
of the Potlatch, in the Bovill district,
but because of the forest fires and
the impossibility of getting help in
the district just now, it was decided
to plant them in the tributaries of the
Palouse.
The daily star-mirror. (Moscow, Idaho) 1911-1939, 1922-08-11
Pullman Pastor to Speak Here

The Rev. DR.. Spalding, pastor of the
United Presbyterian church at Pull
man, will be the speaker at the union
meeting of the Moscow churches in
the city park Sunday evening. This
will be the last Of the series of out
door union meetings. The meetings
have all been well attended.
The daily star-mirror. (Moscow, Idaho) 1911-1939, 1922-08-11
T. ~ = + ++++ + + -



i New York-(A. P)-The rail !
i way executives, in session this af- I
!. ternoon, voted to accept Presi- :
+ dent Harding's proposal for !
i. settlement of the railway strike, !
= conditionally The decision was !
i reached shortly before o'clock !
i this evening, but it was stated !
- that no announcement would be 4
i made until an hour later. 1T is !
\ presumed that the announcement !
+ is withheld as matter of court !
+ esy to the president, in order !
+ that word might be received at !
+ at the White House first and J
+ statement given out from there. !
! The presidents proposal was !
+ that the striking employees be re- I
+ instated and that the seniority !
+ issue be left to the railroaod la J
!. Dor board
+ + + + /. j. + /. 1. i. !. + j. + + + =
The daily star-mirror. (Moscow, Idaho) 1911-1939, 1922-08-11
Prominent Methodist Visits Moscow

DR.. D. D. Forsyth, secretary of the
board of home missions and church
extension Of the Methodist Episcopal
church, is in Moscow visiting at the
home of his brother, DR.. w. H. H. For
syth. He will spend "a hours in the
Palouse country, looking over the new
church project at Moscow and also
at Pullman Dr. Forsyth is one Of
the prominent men in the Methodist
church, receiving a large vote for
bishop at the last general conference
The daily star-mirror. (Moscow, Idaho) 1911-1939, 1922-08-11
Spokane Bankers visit Moscow

W. T. Triplett, secretary of the
Spokane & Eastern Trust company,
and T. W. Bradley, vice president OF
the Old National Bank, Spokane, were
in Moscow for a short time Friday.
They are making tour of the Pa
louise and Lewiston districts, sizing up
the crops and familiarizing themsel-
yes with conditions.
The daily star-mirror. (Moscow, Idaho) 1911-1939, 1922-08-11

period contained was subjected to
more moisture than the month of
July. No rain at all fell in July,
while on the 4th of August there was
.O3 inches and on the 9th trace of
rain
The minimum temperature for Fri
day records the coolest night of the
month. The mercury dropped to Sc
degrees.
The Washington times., 1922-08-03
Market Comment
Copyright. 1921, BY Cosmopolitan News

Copyright. 1921, by Cosmopolitan News
Service.)
NEW YORK. Aug. 3.-whatever
unsettlement there may be in the
market for industrial and speciality
stocks, professional Wall Street Is
again pinning its faith to the rail-.
road shares and expressing its con-
fidence in the certainty Of another
bull market for railroad stocks. De-
spite the handicap which the carriers
have had to contend with in recent
months, they have been signally sue.
cessful in rehabilitating their finan-
cial position. According to the
American Railroad Association, the
combined reports Of 10 out Of 201
Class ! railroads to the Interstate
Commerce Commission show operat.
ing revenue OF S435,S25,442, com.
pared with 425,797,4s for June,
1921, which was an increase Of S10,.
,005. while net operating income
was $70.601, AS. compared with $47,.
s7s,so1. an increase Of s2a, ,s21 ,641.
Based upon these figures, the net
operating income for June of the rail.
roads would be approximately s78,.
ooo,o0O, or equal to about ~ per
cent return on the property vaiua-
ton adopted by the Interstate Com.
merce Commission.
stockholders In a number Of prom.
inent industrial enterprises have ap.
parently been unable to appreciate
the difference between dividends paid
to them in stock. rather than in
cash. They figure that new stock,
which carries a substantial dividend
ana which possibly might have a
good market, is as valuable to then,
az cash. The internal revenue de-
partment has given some very de.
cislve opinions on this question,
ruling that stock dividends are not
income for taxable purposes. AS a
matter OF fact, the corporation which
passes out new stock is not making
distributions from earnings but is,
In reality adding to it's liabilities. and
increasing It's future fins ncial bur
dens, and the stockholders who are
as interested in the continued sue
cess of any enterprise should be
greatly concerned over the adoption
OF policy Of too liberal stock divi.
dends. This is as hurtful to a cor.
poration as the printing Of too much
fat money Is to a nation.
Should plans that are now In
preparation be finally adopted. an.
other important mercantile enter.
prise will be before the public as an
avenue for investment Of their
funds. 1t is stated that prominent
New York bankers are formulating
plans to amalgamate the various
Gimbel brothers enterprise. AT the
present time the New York corpora.
ton has $1,000, 900 common stock and
$4,000 preferred stock outstand.
ing, while the Philadelphia concern
has $4,000, 900 common and IS .OOO. 900
preferred. most Of which stock Ia
clossly hAA
The Washington times., 1922-08-03
Local Wholesale Prices.

Erx,-strictly fresh. selected, per dos.
n q 1S; average receipts. "a; Southern, -
turkeys, per h., IS: spring chickens.
per TO-: .sS's' keats young eaoh' 50;
pressed poultry-Frssh-i killed winter
chickens, per ID. ,27e,c: hens. per iS..
ie: roosterp, per ID. 10; hens. per lb..
IS o 20; keats, young each. 50.
Livsstock-Calves, choice. per ID, 90
sx: lambs, choice. per lb. sou: live
hogs. per lb., II.
Gr.en fruit--Appl.s per bSi., 1900
500; Per bu. basket. 10000; Western,
per box. 37b@tas. California oranges
per crate, s.eo0io.Bo. Lemons. per boz.
1900 500. Raspberriss, 1o@4o. Peaches,
sEs.s.t. E Sce7t. 6y.ntsioupss. TSs.,S"
veEstsbies-Pntstoss No. l. per bbl.,
500 b 400: per sack. i.oo02.oo. New
potatoes, per bbi, No. 1, 8 ooQs 500; No.
!, aao0s.oo. Sweets. Loo6tBo. Yams
500 q s.bo. Lettuce. Southern. per crate.
500 90 RomRine lettuce. 1.Bo. Cymb-
iinss. per crate. Nei.to. Onions. per
crate, 1000 400. Cabbage. new. per
owt., so0i.oo. Cuoumbsrs, 7B61.S0. Egg
plants per crate. a.bo03 SO. Tomatoes,
per boz. Florida, a.oo@s.So. Beans 800
oi.oo per basket. Peas. s.oo1s.oo. Pep
pers. per crate, to6bo. Kale, Bo61.00.
spinach, per bbl.. 1.so0aoo.
The Washington times., 1922-08-03
Chicago Live Stock.
By q. q. Ruresu sf MarkS<s.

CHICAGO, Aug. s.-Hogs-Rs-
ceipts. 21.ooo; market steady to &c
higher. Bulk. ss.o091o.76; top,
$10.S0: heavyweight, Ss.50910.l0;
mediumweight, S10.00Ql0.76: light
weight. s10.s6@10.so; light lights.
s10.26@10.70; heavy packing sows.
smooth. S8.o09s.50; packing sows,
rough. S7.2598.00: pigs. S9.509l0 SO.
Cattle--Receipts, 10000: market
steady. Beef steers-Choice and
prime. s10.00@10.85; medium and
good. SS.50@9.60; good and choice.
S10.00010.75; common and medium,
s7.00@9.00. Butcher cattle-Heifers,
s5.00@9.0o: cows. s4.269800; bulls,
S4.o046.50. Gamers and cutters
Cows and heifers, S2.5094.15; Gamer
steers, s3.5o65.50. Veal calves
eight and handyw eight. $4,000 II 30;
feeder steers, S5.6097.76: stocker
stocker steers, s6.00@a65; stocker
cows and heifers, S3.608b.60; stock
calves, t5.5067.O0.
Sheep-Reoeipts, 10000; market
steady. Lambs 84 lbs. DOWN.,
sl2.00612.s5; lambs, culis and com.
mon, S7.50@1l.0o; spring lambs,
yearlings, ss.5o@11.00; yearling
wethers, ts.00@s76; ewes, $4,000
7.6o; ewes, culls and common, $4,000
$50; breeding ewes, s5.0o01l.Bo;
feeder lambs. t11.6o612.76.
The Washington times., 1922-08-03
RAIL STOCKS
ADVANCE IN
EARLY TRADING
Mexican Pete Comes to Life
and Advances Three Points
In First Hour.
BY w. 8. COUSINS.

Copyright. 1922. by Cosmopolitan News
Service.)
NEW YORK. Aug. s.-The stock
market was bullish. as far as It went,
in the early part Of today's session.
but trading was never in very heavy
volume, and interest was centered
most directly in a small group of
speculative leaders in which old
Mexican Petroleum and Pan-Ameri-
can again came to life.
Recent developments in finance.
business, and industry. while con-
tanning their disoouraging aspects,
have all been in the general direc-
ton of progress and improvement.
Wall Street was cheerful today when
reports OF the drift Of the rail strikers
back to their jobs were sent in from
sections. That progress is also be-
ing made in the mining Of coal Is
evident from the increase Of 1000
cars in bituminous loadings on Mon
day in comparison with last weeks
average. The June statements OF the
railroad companies, indicating net
earnings Of AZ per cent on valuation,
were also an important bullish fac
tor.
Railroad stocks started the day
with a modest advance over the
previous close and, as a rule, main
tanned this price level for the, first
two hours on a comparatively small
volume Of salee.
Mexican oil stocks were churned
around rather lively In the first
hour. Mexican Petroleum selling up
8 points at 171h. Pan-American up
" at Is and Mexican Seaboard up
TX at 23h. Because of the pro-
fessional activity in these stocks. II
is seemingly impossible to calculate
on it's probable movements, and use
less to Judge the whole market by
the action of this stock. In view
Of the constant reports Of the
deterioration of the Mexican oil
fields. many traders are mystified
over the present strength Of the
stock.
There was a good market for
industrial and speciality stocks.
woolworth sold at 1904. the highest
price in its history. and 81 points
up from yesterdays close; Western
Union reached a new high for the
year at 10sx and Famous Players
advanced q to ssh on buying based
on the outlook for better earnings
for the amusement enterprises in
the fall and winter.
A new high for the year was post
ed up for Cuban American Sugar
at am, Punta Allegro and American
Sugar also sold higher on reports
OF the advance in Cuban raw sugar
to a new high price Of Sk cents a
pound, and of refined sugar to 7.10
cents a pound.
The oil and motor stocks were
somewhat unsettled. due to the
further cuts in crude oil and gaso-
line for the former. and the pre-
dicted price war In the motor in.
dustry. Studebaker was inactive at
around 1904; Chandler was frac-
uonally lower. but Republic Motors
was pounded down to q new low at
Al. compared to last weeks high
at IL.
The Washington times., 1922-08-03
GIMBE[ BROS.
MERGER IS SEEN
AS POSSIBILITY
Shares Will Be Given to Public
if N. Y. and Philadelphia
Firms Join.
BY Cosmopolitan News Service.

NEW YORK, Aug. "a merger
between Gimbel Brothers. Of New
York, and Gimbel Brothers, of Phila+
delphia, the two corporations con-
Quoting department stores In New
York, Philadelphia and Milwaukee,
was today reported to be a possit
bility.
Plans for a disqualification of the
business, the money to be raised by
issuance of stock, are being prepared
by Goldman, Sachs & Co., and Lehr|
man Bros. bankers, II was stated,
The bankers have announced that
they have obtained an interest In the
common and preferred shares of the
firm. and that the same will be of
fered to the public shortly. Control
will be retained by the Gimbels.
The annual volume Of the Gimbel
Brothers stores is estimated at $1C0r
900, 900. The firm heads own almost
the entire stock. julius Rosenwald.
Of Sears-Roebuck & Co.. Chicago.
holds some Of 1t.
The Washington times., 1922-08-03
Chicago Grain Market.

CHICAGO. Aug. S.-September
wheat started y to 4 cents lower:
December y TO y cents off and
May y to Y cents cheaper, COM
pared with the previous close.
There was general selling because
of the weakness in Liverpool cables
and tho indications that yesterdays
export business was indgnificant.
Liverpool futures started y to Va.
lower and showed q decline of
141kd. At . O'Clock. Receipts
were more liberal, estimated at 800
cars.
Corn for September delivery open.
ed y to y cent lower; Deosmber,
n to y cent lower. and May y
oent off. Trade moderate, with
selling by locals on the weakness
shown In wheat. Receipts were es-
timated at 100 cars.
Oats started unchanged, with a
small trade. Elevator interests had
orders In the market TO buy around
the previous closing figures. Re-
oeipts were estimated at 1870 cars
The Washington times., 1922-08-03
Local Stocks.
SALES.

Washington Railway and Electric
general 6's-31. .o00Qs9%. $1,000
99A.
Washington Railway and Electric
preferred-847S, 10@7S. 11Q7s.-
Lanston Monotype-10Q7S&. 10
@79&.
Mergenthaler Linotype 19152,
2@152%, 1H152S.
After call:
Washington Railway and Electric
4s-s1, ,000974h. S1,00o@74H, 81 900
@74h. s2.000G74h. $1,oo0@T4Et
s1,Ooo974%. $a,ooo974x, $1,000
rs, s6o0975.
Potomac Electric 7's--s1 900 @1os.
Lanston Monotype-20@7sB. 2o9
7sK. 20@7sK, 2o97sS. 2o37s%.
Potomac Electric Light, Gas and
Power rs. $2.0004108.
Capital Traction-4@1s1.
Money-Can loans s to 8 per cent.
The Washington times., 1922-08-03
MARKET
EAGER To BUY
]. :. ISSUES
High-grade Investments Back
cd by Government Largely
Oversubscribed.
BY MUNROE ROBERTS,
Cosmopolitan News Service.

NEW YORK. Aug. 3.-If any
doubt has been felt or expressed as
to the extent Of the market for
United States Government bonds. the
informal statement Of the treasury
concerning the last Offering Of four
year ~ per cent notes would easily
put that to rout. More than 81 ,000.-
900. 900 worth Of the new bonds could
have been sold. and doubtless a good
many bidders did not submit bids for
the total amount which they would
have been willing TO subcribe for had
there been any necessity Of support
ing the treasury In its plans.
OF total OF S4.6oo. .000. 900 In the
Victory bonds originally put out,
only 1000, 900, 900 will be left after
December Is. OF course, all the
bonds have not been paid off. as a
good quantity Of them were refund
ed into new short term notes. BUT
enough has been done to demonstrate
the wisdom and the skill with which
tho treasury officials have tackled
the problem Of short-dated war in
debtedness. The highest grade in
vestment backed by the United
States Government and paying ~
per cent are not to be found in
abundance, and from the standpoint
Of the investor the only drawback to
the Victory bonds Is that their
maturity date 10 so near at hand.
The secretary Of the treasury m.
nounces that exchanges Of ~ per
cent. Victory notes for the new
treasury notes of this series are
proceeding satisfactorily. and that
the books on this exchange offering
are being kept open until August s,
in order to give holders Of the ~
per cent. Victory notes throughout
the country additional time in which
to take advantage Of the opportunity
to make the exchange.
During the month Of July, accord
ing TO the DowJones summary, the
total crop Of new bonds and notes
Of American railroad, industrial and
public utility companies totalled
about S2os, 900 900. When the new
stock issues are added to this total
the aggregate 10 swelled to $2H.-
43S, $50 against 1884, ,365, 900 In June
and s12s. 200. 900 in July Of last year.
Industrial companies led the way
with $40, ,o00, 900 In bonds and $780,
900 In notes and nearly SIS ,000, 900
In stocks. Public utility financing
was comparatively heavy and reflect.
ed considerable improvement In that
industry. Such issues totalled $67,-
323, 800, Of which $47. .03o, 900 was In
bonds; 32,500!000 In notes and S17,-
7ss. 800 in stock
A feature Of July financing was
the gradual decline In interest rates
on new issues. A considerable num-
Der OF floatations bore a five or six
coupon rate, while no bonds were
put out at . per cent. There was
also an increase in companies which
were financed by stock issues. The
months financing was attended by
unusual success and nearly all iss-
ues offered the public were well alb
sorbed.
The Washington times., 1922-08-03
49, TREASURY NOTES
oVERSUBScRIBED 4To I

The recently announced issue Of
5000 900, 900 of ~ per cent Treas
ury notes dated August l. 1922, ana
maturing September Is. 1925. has
been oversubscribed to /, 1t was
stated at the Treasury Department
today.
The aggregate Of subscriptions,
which closed at noon today, ran
above 81 zoo, 900, 900, all Federal Re-
serve districts reporting oversub-
scriptions.
The issue will remain open until
August s for exchange Of 4% per
handled in addition to the $780,
000, 900 cash subscriptions. Secretary
Mellon said these exchanges ARE
proceeding satisfa ctorily."
The Washington times., 1922-08-03
RECORD SALES PERMIT
GENERAL MOTOR CUT

NEW YORK, Aug. 3!-Sales ap-
proximating the highest point in the
history of the corporation have made
IT possible for the General Motors
Corporation to cut prices on a num-
Der Of their cars, Pierre s. Dupont,
president of the organization. an
nounced today.
Economies effected In manufac-
turing processes and better methods
OF marketing products were given as
other reasons that led to the price
reduction.
The Washington times., 1922-08-03
Pa B SINESS AND FINANCE OF ~,azzHHaaaarrHHmr
French Threat
Sends Mark Down
to New Low
BY KARL ii. Won WIEGAND.
Universal Service.


BERLIN. Aug. 3.-Under pres
sure Of the attitude Of France
regarding reparations and the
fears created by Premier Poin.
cares new note threatening to
apply sanction of force IL Ger
many does not come through
with 100000 gold marks by
August Is, the German mark fell
like a leaden plummet yesterday.
The exchange rate on German
money dropped to a new low
record of IT'S to the dollar and
continued to slip downward after
the official close of the Bourse
until 61S marks for a dollar were
being offered on the curb last
evening.
The Washington times., 1922-08-03
FOREIGN Exchange.

NEW YORK, Aug. s.--sterling de-
mand. 444k: cables, 444h. Francs.
815h; cables, SIC. Lire demand,
1854; cables, 458. Belgians ITO and
TON. Drachmas, $40 and 326. Marks
0o12. Swiss francs, 1901 and 1908.
Guilders, ss63 and ss62. Pesetas,
1850 and 1859. Sweden kroneu 2s0s
and 26fs. Norway III ana tf1S.
Denmark. 21ks and Elsa
The Washington times., 1922-08-03
JoBBERS BODY IN
PROCESS OF ORGANIZING

NEW YORK. Aug. 3.-The job
bers' Woolen and Worsted Assocfa-
ton, an organization to protect the
interests of jobbers. and help in ef-
panding the industry, is today In
course of formation.
Leading jobbers Of the country are
identified with the movement to form
the new body.
The Washington times., 1922-08-03
Clinton Bank Dividend.

Clinton Bank Dfv1dend.
At a recent meeting of the board
Of directors Of the Clinton Bank,
Prince Georges county. Nd, II was
decided to declare a semi-annual divi'
dend Of 8 per cent. payable Decem'
ber next.
The Clinton Bank was organized
and opened for business about two
years ago.
The resignation of former Con.
gressman Guy T. Helvering. who
was chairman of the board OF direc'
tors, was accepted. Mr.. Helvering
whose home Ia in the West, has re-
Gently acquired controlling inter.
est in the Planters State Bank OF
Salina, Kan, and is devoing his time
in that direction.
Lee Manning, Of Accokeek. 6fd =,
was elected q member Of the board
to succeed Mr.. Helvering.
w. Gilbert Dent, Of the real estate
firm Of Gardiner & Dent, Inc, IL
the president OF the Clinton Bank.
The Washington times., 1922-08-03
Cotton Market.

NEW YRoK, Aug. 3.-The cotton
market was steady at the opening
today. October sold at 21.93, up; De
cember 21.SS, up II; January 21.sb.
up 10; March 21.62, up 10.
The Washington times., 1922-08-03

who in this wise keeps q good Gus
toner in the market and out OF the
profits may reimburse himself for
the losses which he has suffered"
The Washington times., 1922-08-03
Bankers Favor Lending
u. S. Money to Europe
Generally Approve Plan to Invest Money
s., Abroad at Fair Return.
BY HARRY GUSACK.

Leading bankers throughout the United States favor
of investing American abroad through the medium of
securities in order that this country take
leading part in the reconstruction Of world affairs.
The Washington times., 1922-08-03
international Bank Dividend.

International Bank Dividend.
Checks amounting to approximate
ly $46.0o0 were sent out to stockhold-
ers Of the International Bank Of
Washington. covering the per cent
semi-annual dividend OF that institu-
tion, 1t was announced by Presi-
dent John r. Waller, today.