davidaulloa/AmericanStories huggingface dataset:
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-11
Curb Market
BY STUART =. WEST
tCopyright. e0;s2ss

New York, Sept. 1.-THE princi-
pal features on the curb exchange
today were lessened activities and
realizing sales in the Standard Oils.
higher prices for some Of the de-
partment store stocks and wide
fluctuations in the shares of the
Schultz Stores corporation. Kup-
penheimer company Z per cent Gu
mulative preferred stock and COM
mon stock were admitted to trad
ing upon when issued" basis. The
first sale in the preferred took
place at premium of quarter point
above the subscription price. Later
the stock sold up point to 101.
Kuppenheimer common also COM
manded substantial premium.
Standard Oil of Indiana opened
strong but ran into heavy realizing
sales and dropped two points be-
fore the reaction was checked. I'm
perial Oil Of Canada, International
Petroleum and Standard Oil of
Kentucky also encountered realiz-
ing. On the other hand, on sin
gle transaction Ohio Oil sold up
eight points and Standard Oil of
New York was firm. Cities Service
issues continued strong, but as
rule the industrials were lower.
This was true Of New England Fuel
Oil, New York Oil and Carib Syndi-
cate. Southern States Oil and Salt
Creek Producers worked somewhat
higher.
Durant Motors was an active
leader again in the automobile
group. 1t is expected that appli-
cation will be made to list Hayes
Wheel on the stock exchange.
These stocks held firm. There was
an unofficial report that Hayes
Wheel for the first seven months
of the year net earnings were s640,-
600 and that the totally for the full
IL months will reach approximate
ly S1,200,000. Present earnings are
reported running at the rate of Sc
share before federal taxes. R. H..
Macy, common and preferred, were
in demand and sold at consider
ably higher prices while Gimbel.
common, gained over a point. After
opening higher Schultz Stores re-
coded over five points but subse-
quently rallied, making up the
greater part of this loss. Prima
Radio continued into new high
ground.
Mining shares were active and ir-
regular with declines predominant
ing. Magma Copper was an excep-
ton, advancing more than a point
on moderate buying. Bonds were
quiet and steady.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-11
TRADE IN CORN,
WHEAT IS QUIET
OATS OFF | CENT
(By Consolidated Press.)

Chicago, Sept. 11-Trade in
wheat was quiet most Of the ses-
sion. The undertone was firm dur
ing the first half of the session. but
thereafter a heavier feeling devel-
oped. Locals were inclined to be
bullish at the start and they alb
sorbed wheat put into the pit by
eastern and northwest houses. Lat
er there was selling by houses that
bought in Winnipeg and the effect
of this pressure was felt later when
early buyers attempted to unload.
There was some short covering
early. The visible supply increas-
ed 2,S17 900 bushels and this caused
some pressure. Receipts were
heavy but were moderate in COM
parison with the heavy arrivals OF
a year ago. Cash premiums in the
local market were unchanged, but
Winnipeg premiums were again off
a cent while Minneapolis reported
mills pulling out of the market on
account of the premiums prevail
ing.
Corn was affected by the trend
of wheat. Trade was largely local
in character and sentiment was
bullish. Locals took the commits
sion house corn offered at the start,
but later corn was put in the pit
by Armour and some of the local
bears and these offerings were
hard to place. Cash corn was
steady for contract grades but the
basis for the lower grades was Nc
to 1sc lower. Exporters took 1OO,-
900 bushels of corn. Visible sup
ply increased 409,100.
Oats were affected by the action
of other grains. Northwest houses
bought September and. sold May,
transferring hedges but aside from
this trade was mostly local. Cash
oats premiums were off 1c to nc
Visible supply decreased $4,000
bushels.
Provisions were dull and easier
Decline in hogs and corn caused
little pressure.
Wheat market closed u to 7se
lower; Sept. 1.005s to u; Dec
1017s to 102; May 1.065s to q
Corn closed II to sc lower; Sept
621s; Dec. STA to Is; May CO.'S te
q. Oats were 1sc higher: Sept
35A; Dec 35; May 377s to 80. Lard
closed 5 To- 121sc lower and ribs
unchanged.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-11

but with more advances than de-
clines. Here, too, there was no in
dication Of change in opinion which
the market has been expressing
right along that the shopmen's
strike has not been interfering
with and will not interfere with
current earnings and that the prob
lem of handling a record coal ton
mage along with , the seasonal
movement of grain and good av-
erage merchandise traffic, will be
successfully solved.
A new high for Union Pacific
fitted in with the prevailing view in
speculative circles that there Is
considerable chance that some dis
tribution of treasury securities is
altogether likely. New York Cen
trail, Northern Pacific and N. o. T.
& NJ. were other rails that were
conspicuously strong in the late
afternoon. Cocoa Cola, May De
partment Stores, Eastman Kodak
and Austin Nichols Industrial made
higher prices in the last hour. The
market generally, however, was not
as active this afternoon as it had
been earlier in the session.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-11
Weather Forecast

Illinois: Fair and continued cool
tonight; Tuesday fair with rising
temperature.
Indiana: Generally fair and
somewhat cooler tonight; Tuesday
fair with slowly rising temperature.
wisconsin: Generally fair and
signify warmer tonight, except
showers near Lake Superior: Tues
day partly cloudy in south, and
probably light showers in north
portion; rising temperature.
Missouri: Fair tonight and Tues
day; somewhat warmer Tuesday
and in west and central portions to-
night.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-11
FINANCIAL NOTES

One. Of the largest single orders
ever made, in point of money in
volved, on the International Com
bustion Engineering Corporation;
was announced today as coming
from the Ford Motor company, for
installation of Lopulco Pulverized
Coal System which will be the
largest in existence for burning
pulverized coal. When the system
is installed, Ford can burn coal,
oil, or utilize blast furnace gas
without changes.
Chicago and Northwestern direc-
tors meet in New York tomorrow
to declare the regular semi-annual
dividend of 81 per cent on pre-
ferred and 21s per cent ON COM
mon.
Negotiations are under way for
absorption by one of the largest
oil companies of the Producers and
Refiners corporation, which owns
large oil properties in Salt Creek
an dother fields of Wyoming and
elsewhere in the Rocky Mountain
district.
The first half of this year Gener-
al Motors showed net profits of
$30,711 ,238 or $1.33i share on
common stock. 1t is expected that
figures for the year will reach ap-
proximately $50.000,000.
American Car and Foundry COM
pany has received orders for $50
tank cars OF SO tons capacity from
the Texas and Pacific road, and a
contract for repairs to 1000 box
cars and 1000 gondolas from the
New York Central and repairs to
/ 1000 box cars from the Cleveland
Cincinnati, Chicago and St. Louis
road.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-11
SLOWS up
LIVESTOCK
MARKETS TODAY
(By The Consolidated Pres. !,

q. S. Yards. Chicago, Sent III
Rain during the night and morning
slowed up the market for all kinds
Of livestock today. The supply Of
range cattle was placed at 5000 and
quality was plain. Heavy receipts
we're reported at western markets
Kansas City and Omaha being post.
ed with respectively $4,000 and IL
900 cattle on hand. More cattle
than hogs were estimated for the
ten principal markets, thing
which seldom happens, the num-
bers being 1O7,S00 and 102, 100. Re-
ceipts were estimated at $4,000 cat
tie; 10000 hogs; 1900 sheep, and
$500 calves.
CATTLE.
Supplies were too large, and bids
were lower from the start. or the
reported LIPS cars of livestock.
about 500 had not arrived at the
opening OF the. trade. Demand for
choice steers showed up we'll on ac-
count Of light supply, and sales
were strong. Some 1870 pound
steers went at $11, but few sold
above $1,000. Medium and palmer
grades were unevenly lower. Best
cows. going at 81 and better, were
steady, but other grades were slow.
Bulls showed strength. Calves
showed plain quality, and the trade
was weak. Outside buyers paid
$3.50 for good lots.
HOGS.
Light butchers sold about steady
from the outset, while stuff under
200 pounds also held without
change. OF the estimated supply.
about 1000 were forwarded to big
packers, while only 2,151 were held
over from last week. Some 1870 to
210 pound hogs sold at 9.50@9.6O
while $40 was paid for good $50
pound butchers. Heavy hogs were
slow to start, but values were about
steady. Rough packing grades
went at SIS to 700.
SHEEP.
Best lambs. sold strong to CSC
higher, after a slow start. City
butchers and shippers paid 1900
@13.25 for native, while packers
gave 1890 for good westerns. Aged
muttons were quoted steady, choice
ewes being placed at 6.25@6.50.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-11
Bond Market
BY sIuARr P. WEST
tCopyrizhs. 1927

New York, Sept. 11.-Quiet
strength chara cterized the bond
market today. Prime investment
issues were in unusual demand.
There was the same exhibition of
confidence in a continuance of low
moey rates that has been a feature
of bond trading so long.
The Liberty loans were stronger
than in some time. The fourth "A S
got up to 1O1. Liberty bonds of
late have been selling out of line
with the yields on high grade mu-
nicipals. Probably this was due in
part at least to concern over the
bonus situation which seems to
have abated somewhat. At any rate
when municipal bond like the
City of Schenectady issue could be
marketed on a 3.95 basis it was evil
dent that there was room for iriiii-
provement in Liberties.
Canadian Pacific debenture stock
made new high at 81. When these
bonds were first offered at Is it
, was considered that the price was
somewhat in advance Of the mar
ket. For a long time they held
around the issue figure. Undoubt-
eddy this was partly due to unfa-
miliarity among American invest
ors with the class Of security.
This so-called debenture stock
corresponds to an American mort
gage bond At today's quotations
the yield is 406 per cent. which
seems reasonably high enough con-
sidering the fact that the income is
| subject to tax.
Among the second grade Ameri-
can Railway bonds. Rock Island re-
funding Is and the ST. Louis-San
Francisco prior lien issues were
conspicuous The former equalled
their high price for the year. OF
the latter the B IS sold at 80, a
new high.
/ There was the usual active deal
ing In the convertible issues. Nor
folk & Western IS were lower frac-
tionally. The price of this bond,
however, is without investment sig
nificance at present. No other
proof of this is needed than the
! fact that as a bond it sells to yield
less than 3 per cent. Today's quo
tations was simply on a parity with
the stock into which the bond is
/ convertible.
! Another convertible issue active
ly dealt in was Chile Copper IS
Here. however, the situation is
somewhat different. The bond sells
both at an attractive investmerl
yield, quality considered, and on its
speculative possibilities, convert.
BILE as it Is to Chile Copper stock
at IS.
j Foreign issues we're strong with
out any great change in quotations
The Dutch East Indies Is were es.
pecially active. This is one of the
few foreign bonds. obligations of q
country not involved in the war
which still sells at an attractive
yield. Most of the high coupon
bonds issued by European neutrals
sell around or above the callable
price.
The new issue Of Kansas Cit,
Power & Light IS Of date '93, tt
weld 5.37 per cent, was said tt
have been we'll taken. The same
company's 71s per cent series
bonds have been called for paymen
as q result Of this financing. Aside
from the preferred stock to tn.
amount OF $500, 900 offered b,
kuppenheimer & Co. little new fl
: nancing was in sight. 1t is ex
: pected. however. that there will b,
: further offerings OF Joint stool
land banks, particularly from som,
: II the more recently organized o
these institutions.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-11

lMYM E8WOQN10b
Buying q Iron Products during
The last few dayy has been accom-
panied ~ intimations Of IN impor-
liant financial arrangement affect
ing the company. Il y understood
that the. plan will involve retiring
the bonds and the preferred stock
and leaving the full earnings power
for the common stock. In June the
company earned 10000, In July
SIS. 900 and ii August 100000. The
expectations are that The total viii
reach $130, 900 in September and as
high q 100000 in October.
SENTIMENT MIXED.
Brokerage opinion as the week
began was mainly bullish. Some
critics were inclined to think that
the market was being handled with
a view to distributive sales. For
this purpose Baldwin Locomotive
on Saturday and Steel Common to-
day were pushed ahead to give the
impression that the whole market
was headed for hew high territory
ILLINOIS CENTRAL.
Estimates are that the net in
come on Illinois Central common
stock is running at an annual rate
Of about Is percent on the out.
standing $1o9,296O00. These esti'
mates are arrived at after allowing
for fixed charges and the six per
cent dividend on the recently ISSUED
preferred stock. For the first
months the gross revenue was ovel
81, OO0, 900 in excess of that for thu
same period of last year.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-11

lfUlE z. NEsT.

~ 01Ux1t 4. WEST.
al 0tysst. Nav York. Sept H
10 prineipAl Incidents In to-
49, nasksts wsrs . rather pro-
ncfneSd rise IN 800 Of the Liberty
bosasxrosp. ! moderate but sener-
II 1eclins IN tho foreign exchanges
and an irregular exchange list,
With operations, h0wsver. still law
|oring the side OF advance.
The ~ per cent bonds OF the
forth liberty loan returned to
10t. The SIS were also promi-
nent for . time although subse-
Que1tiy reacting. Apparently the
susdsn enlivening OF the govern
neht bond market after a long
period Of quiet was the result OF
purchases by agents OF the treas
Siry for the purpose Of retirement
This sort Of buying is quite apt
to precede Tho quarterly tax days.
In the present instance 1t would
be the investment of the remnant
of tie tax receipts after taking
care Of the $500. 100000 treasury
certificates maturing on Sept ID;
the current expenses Of the gov
ernment to be provided for by the
20o, o00, 900 issue Of OK per cent
new certificates announced this
morning.
The fall In exchange rates car
ried sterling down two cents on
thu pound from its high Of week
ago and francs 80 from the top OF
the, recovery which eliminated last
Wednesday. German marks sold
under OF again and were thus only
two one-hundredths Of cent away
from their extreme low. Ostensi.
bly, these declines were response
to the hitch in the negotiations be-
tween Germany and Belgium re.
sardtng the nature Of the security
20 be given the Belgian govern
ment in lieu of the cash due during
the remainder Of. 1922. Still there
isanO serious idea that these con
ferences will not 60 through IL
the end. Over the week cables
from the European centers strucl
the most cheerful note of any sim
liar advices for some time.
\ They were uniformly favorable
toward the SHINES plan for pay
ing the indemnity with material
supplied to devastated France ant
were equally hopeful regarding it
acceptance.
At times during the day on tn
stock exchange there was symp
toms of large and carefully con
Quoted realizing. But this selling
WITS, not pressed to the extent
checking the rise in individual
stocks which went on in the sam
/ fashion as it. had been going on TO
the last month or more. U. S. Stee
common reached new high for tn
year--a clear enough answer o
the, part Of Wall street as to how
looked upon the question Of tn
fuel supply. Some of the recen
favefites like Studebaker, MeXica
Petroleum and Crucibie Steel fel
the effect OF speculative realizin.
AS an offset to this, however. me-
leaders were taken Up, like Inter
: national Paper. American Stet
Foundries and Hupp Motors.
Railway shares were variabl
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-11
Chicago Potasoe.

Chicago, Ill, Sept. 11.-Potatoes.
stronger; receipts 81 cars: total
United States shipments 622 cars:
Wisconsin sacked and bulk cob
blers 1.1001.30 cwt; Wisconsin
sacked Early Ohios 1.1001.2o cwt;
Minnesota sacked and bulk Early
Ohios 1.0001.25 cwt; Utah sacked
Early Ohios 1.1001.20 cwt: Idaho
sacked Rurals mostly 1.25 cwt;
South Dakota sacked Early Ohios
1.10@1.16 cwt.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-11
Chicago Produce.

Chicago, Sept. 11.-Butter: easy;
creamery extras, 3S1a; firsts, 800
"a; extra firsts, 35@371a; seconds,
)O@31; standards, 351a.
Eggs higher; receipts, 1929
cases; firsts, $1,000; ordinary
firsts, 25@26; miscellaneous, 27@
Poultry: alive, higher; fowls, Is
@231a; springs, 231a; ROSTERS, IA.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-11

New York. sept. 11-Irsde q ct
ton cloths resolved its impetus to-
day from the arm opening OF the
market for the raw staple, and news
Of higher wage adjustments IN the
Maine, New Hampshire and Massa-
ckusetts textile mills. Prices TOT
the standard print cloths were arm
and sheetings we're strong with q
tendency toward higher prices. The
demand centered largely in the
print cloths and in sheeticgs for
the bag trade, although there was
inouiry also FOR fair volume OF
sateens, drills and twills. Tire RAD
RIGS were an exception to the gen
etal active trend and cotton ducks
ais owere quiet.
Some shading was In evidence In
the silk market but in most In
stances current prices were well
maintained.
WOOL.
Boston, Sept. 1.-The wool mar
ket continued to broaden out as the
week opened today and domestic
woods in general were in excellent
demand. The demand is following
increased activity at the WOODEN
mills and some weavers are report
ed to be investigating with a view
to filling their heavy weight re-
quirements as we'll as buying for
the light weight lines for next
spring. The meSium grade territory
woods were firm and fairly active
and there was a good inquiry for
quarter bloods.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-11
Horses amt Mules

Horses: good to choice draft,
$145@$170; good eastern chunks,
sS0@sl15; choice southern horses,
$50@$70.
Mules: 16 to II hands. $3.50
$3.50; ISL to 161s hands. $150@225;
IA to is hands, $60@$90.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-11
st. Louis Cash Grain.

st. Louis, Mo-, Sept. 11.-Cash:
wheat: No. red, 1.14Q1.15; No. 3
red, 109@1.12.
Corn: No. l white, Size; No. 2,
6112c.
Oats: No. 2 white. 40@4Okc; No.
3, 3S@39c.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-11
Peoria Cash Grain.

Peoria, ILL.,, Sept. 11.-Ccrn: re-
ceipts IS cars; unchanged; No. l
yellow, 81; No. 2 yellow, 81; No.
601s; No. 4 yellow, 80; No
5 yellow, 591s; No. 6 yellow, So;
No. 2 mixed, 81; No. 3 mixed, 601s ;
No. mixed. So.
Oats: receipts s cars; unchang-
ed; No. 1 white. 361s; No. 2 white
&c.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-11
Liue Stock
Chicago Livestock.

Chicago, Sept. 11.-Cattle: re-
ceipts $4,000; slow; choice and
prime beef steers, scarce, about
steady; other grades weak to 10
cents off, quality plain; early top
beef steers, 100; weight 1870
pounds; bulk of native beef steers
of quality and fresh conditions to
sell at S:75@1O.25; western grass
ers in liberal supply, mostly from
Montana and the Dakotas; She
stock, steady to weak, early; feel
ing week. on lower beef sows' and
heifers; bulks, strong to 10 cents
higher; veal calves opening largely
25 cents lower. early; quality con-
sidered; stockers and feeders,
weak to unevenly lower; bulk beef
COWS and heifers, 4.5O@7.25; bulk
bologna bulls, 4.00@4.25; bulk veal
calves around 1900.
Hogs: receipts 10000; market,
slow; around steady; $50 to 210
pound hogs, mostly 9.45@e.55; top
$50; bulk 225 to 260 pound butch
'ers, 9.1O@9.40; bulk good $50 to
800 pound butchers, S.50@S.S5;
bulk packing sows, 6.S0@7.50; pigs,
.strong to Is cents higher; most
good pigs, S.25@9.00; heavy S-l0@
$40; medium, 8.90@9.50; light, $40
@950; light lights, S.75@9.25;
packing sows, smooth, 6.S0@7.50;
packing sows, rough. 6.25@6.S5;
killing pigs, 7.75@9.O0.
| Sheep: receipts 1900 native
lambs opening strong; mostly %
cents higher; packers, slow to
start; best choice trimmed natives
1925 to shippers; early city butch
or top, 1900; one load western
lambs, 1890; best held about 1900;
takings ready on sheep; supply
light; feeders firm.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-11
st. Louis Futures.

st. Louis. No.. Sept. 11.-Wheat:
September. 1.01: December, 1.00N
Corn: September. 60xc: Decem-
Der, 56xc.
Oats: September. a4%c,
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-11
Silver.

J New York. Sept. l1.-Foreien
bar silver. .esE; Mexican dollars,
.5sM.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-11

All the news all the time-The
Argus.
The Dickson County herald. (Dickson, Tenn.) 1907-1979, 1922-12-01
Sense Of Smell
Guides Insects

dsred he's sOns VI the finy crcatur~s
are unerrfnxiy eaidec 20 their uAtrA
To f0csi. ard 10 thsir hsxHea II was
prvs@t ksax sxD thar saxAt piays q
msnor part In INSECT tifn ssnas scics-
lists attrfhats the remarkable ssats Of
sasesSx 20 ln1sinsf and others believe
,hat strHRxs occult powers guide thssa
SIN ether ensosnologssts srv p~rsaad
~f that ttist ets ~ RE :we wnsAx
highly developed. spsss ruIs tas~rs &C
ttyiiies ~ sishs rules huinaa ltfa
Msas Careful obssrssslsaa
Doctor Meindso earrsed 80 prone
thea eoesans fsva- Massachusetts, 10
small Islands Of the Florida Keys
the moths wxre then snfssoensly fer
from their r~gioaal hosse. the dec1w
figured. - that no other Eyecisaens
would interfere with hls ohssrvs-
iona The female moths we're kept
In glass lara socse turned upxids
down GA the sand. and seess ~s,h net.
ting over the top
The males were released st vartoas
distances. They quickly found their
way 10 the females In The jars Gov
srci With nstfing. bot none Came TO
Jars with mouths buried Ia the sand
As the females IN all the lars we're
equally visible. Doetor Mefndoa found
II reasonable 10 heliTve tina, sight
had little af nothing ia d. with IN.
attraction ~ the male lnoth 10 the
female He believes that etuanatloas
passed away from tbs Jars whose
mouths were covered With netting ami
that these siaanA,ipns were sens.si 10
some aay hy the male nioths 40 deli