davidaulloa/AmericanStories huggingface dataset:
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-18
FINANCIAL NOTES

New York. May 18.-The plan for
new financing of the Virginia
Carolina Chemical company in
cludes total of $4,000, 900 in new
securities and makes provision for
all the outstanding funded debts as
well as for new working capital.
The plan will be submitted to
stockholders June 81 The plan in
cludeS authorization Of a S35, 0o0,-
600 first mortgage bonds and $685.
100000 convertible bonds.
The St. Maurice Paper company
today declared the regular quarter
ly 1 Ia percent dividend payable
June 16 to stock OF record June
6.
Rapid progress has been made
in blowing for corn in Iowa, corn
planting and other field work in
the last week, although weather
has not been favorable for germin-
alton A good soaking rain is
needed.
Coffee was quoted: May 1881;
July 1O.15; Sept. $40; Dec. 9.44.
Raw sugar: May 2.45; July 2.65;
Sept. 2.S4; Dec. 2. So. Refined
sugar: May SIS; July 5.95: Sept
6.10; Dec. 600.
Daily production of crude oil in
this country averaged 1,422, 400
barrels last week. This compares
with 1,4e7 ,450 the previous week.
Fairbanks, More and company
declared the regular quarterly l IL
percent dividend payable June 1
to stock of record May 10.
The report of the Greenbay and
Western Railroad for 1921 shows a
total income of S394,265 as against
1897, 449 in 1920, and a surplus of
$232,64 as against $21S,462.
All grades of pig iron have been
advanced 81 to 81 a ton at Chicago.
The April operating income OF
the Kansas City Southern was $751;
200 against $414,S55 for April, 1921.
The American Stores cmpany de-
clared a quarterly dividend OF $1.75
a share on the common stock, plac-
ing the stock on a 81 per annum
basis. The previous rate has been
81. The dividend is payable July
l to stock of record June 20.
The Southern Railway has
ordered 200 locomotives and $3.50
freight cars, 500 automobile cars
and 100 steel passenger cars.
The Lackawanna Steel company
has advanced the wages of common
laborers from % cents and hour
to &c cents.
The Union Bag and Paper COM
pany today declared the regular
quarterly dividend OF ia per cent
payable June Is to stock of record
June 5.
The new Niquiero Sugar COM
pany declared a semi-annual divi-
dend of 3h per cent on the pre-
ferred stock payable June l to stock
of record May IS.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-18
Kansas City Livestock.

Kansas City, Mo-, May 1S.-Cat-
tie receipts, $500; beef steers and
yearlings, steady to strong, top
yearlings, $50; best steers, $40;
best Colorado pupers, SIS; in-be-
tween calves, weak to lower; all
other killing classes, steady; good
and choice cows, 6.00@6.75;
straight yearlings, heifers, SIS;
Gamers and cutters, 425@4.5O;
most bulls 4.5o@5.25; best vealers,
5000 $50; stockers and feeders,
dull.
Hog receipts, 5000; $500 light
and few medium weight hogs TO
shippers, strong to 10 cents higher
bulk medium, heavy and mixed
loads, to packers, late, to 10 cents
higher; spots up more, top, 1910;
top packers and shippers, bulk, IT'S
to 269 Founders, 10.50@10.60; clos
ed active; bulk sales, 10.36@10.65;
sows mostly 9.25; bulk desirable
native stock pigs, 10.50@10.65; best
1915.
Sheep receipts. 5000; sheep and
shorn lambs, generally Is to 25
cents lower; most shorn Texas
wethers, 7.2507.75; best shorn
lambs, 11.S5; springers about
steady, few natives, 14.25.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-18
WHEAT TRADES
NERvOUS;CORN
AND OATS QUIET
(By Consolidated Press. J

Chicago, May Is.-Trade in
wheat was without feature today.
Outside trade was small and even
locals feared to make commitments.
There was a slight advance at the
start but selling by eastern inter-
ests forced a reaction. Thereafter
the price fluctuated in a nervous
manner quick to respond to the buy
ing or selling. Trade in May
wheat was the smallest of the
month There appeared to be May
on tap and the price was lower,
most of the time. Crop reports
were mixed, a good number of un-
favorable reports being received
from the southwest. Generally
speak1n the crop is making favor
able progress. Wet weather is ex-
pected to cut down the acreage of
late wheat in the northwest. Ex-
port demand is quiet and mills are
still holding off. A report said
Kansas mills were well supplied
with wheat and at least rs per cent
OF them had enough wheat to run
them until harvest. Broomhall's
Argentine agent estimates that
there is still $4,000, 900 bushels of
"hSoS l..
Trade in corn was exceedingly
quiet and the market was affected
by the trend of wheat. There was
some pressure from local profess
SIGNALS. Commission houses had a
littl corn to buy on the dips. Cash
demand for corn was moderate but
export corn sales late yesterday
via Montreal are estimated at 700,-
hIIe. t1IE,lC Ia- t,11 -
half OF June shipment. Crop con-
dition is satisfactory and planting
is making progress. Oats were
neglected. There was little pres
sure which pit leaders were in
lined to credit to Armour. Cash de-
mand was good.
Provisions were without much
change. There was a little pres
sure from hedgers and longs while
coverings by shorts helped to main
tain values. Demand for cash
lard was better with sales of 350, 900
pounds of loose lard reported at
soc off July or 10c better than yes
terday
There was sharp break in May
wheat during the last Is minutes,
the result of liquidation by local
longs. The close was 3azc lower at
1.41& to AZ. Deferred futures
closed Il to lie lower, July 1.26a
to Il. Sept, 1.203s to 4. Corn
closed Is to n lower. May, 61A;
July, 64A to Is; Sept, 66R. Oats
closed " to 116c lower, May, 81;
July, S91e; Sept, Al. Pork closed
unchanged, lard unchanged to 21sc
higher and ribs unchanged to TIC
higher.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-18
Curb Market
By STUART P. WEST
(Copynght. 1922

New York, May 1s.-There were
some erratic movements on the
curb exchange today. Overnight
buying orders had accumulated and
commission houses were active in
the early dealings, but after good
advances had been established,
realizing sales caused recessions.
Thereafter price movements were
irregular although there were many
strong spots. Mexican Seaboard
again was in active demand and ad-
vanced and there was active buying
in Standard Oil of Indiana. that
stock crossing 107, before profit
taking developed. Fensland after
selling within a fraction OF its re-
cent high, reacted slightly. Kirby
and International Petroleum were
helped by short covering.
Interest was shown in Creole
Syndicate, which advanced to a new
high for the day. The buying was
said to be in anticipation of the be-
ginning of development work on the
property Marine Oil also was in
good demand following the pub
LEGATION Of statement by an Off
ciai that an offer of $1,000,000 for
its half interest in the Elk Basin
fieIG had been refused. Woody Pc
troleum was strong on buying at
tributed to the announcement that
new we'll had been brought in on the
company's Burns tract in the Edo
RADIO field, flowing 1000 barrels
day and bringing the total produc-
ton up almost to 1000 barrels.
Maracaibo was easier.
New high records for Daniels
Motors and Dubilier Radio fea-
tured the miscellaneous list. Some
of those that were most active in
advancing radio common had been
recent buyers of Dubilier Inter
borough voting trust certificates
touched a new high in the early
dealings but receded later. United
Profit Sharing was again in good
demand and went into new high
ground and Tobacco Products Elk
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-18
Bond Market
BY STUAKT p. WEST
Copyright, 1891

New York, May 1s.-Another re-
duction in money rates helped the
bond market today. This influence
was felt not only in the industrial
section where the copper issues re-
NAMED the feature but in both the
railway and foreign government
groups as we'll. Prices generaiiy
were firm with about the same
number of new high records. CO.
incident with the further conces-
sions in fall loans there came an
other lot OF new financing. The
success of the Virginia Carolina
Chemical company's first mort
gage 25-year z percent gold Dono
offering were another indication Oh
the absorbing power of the invest
ment community. These bonds
were offered at SO "a and interest
to yield approximately Il percent
The seasoned Virginia Carolina
Chemical bonds including the 5s
and the debenture Z LIS kept
strong and active. Under the terms
of the new issue which is to De
accompanied by a s12,500,000 con-
vertible loan, the S35,000,000 avail
able will be used mostly to retire
the existing $25, 401 900 funded OBJ
legations. This accounts for the re-
cent sharp upturn in the company S
bonds on the stock exchange
Beth the 6 and percent issues
of the Chile Copper company
reached new tops. The Z percents
were up over points from We'd
nesday's close Other copper bonds
were firm. This group led the
market again. Interest was at
tracted to the marlborough Metro
politan 4 L. certificates which adj
vanced on very active trading to
the highest for the year. They
were more than points higher on
the day. marlborough Rapid
refunding SIS fell below 70.
Third Avenue adjustments and
and Manhattan adjust
ments also declined. The speculat-
i've Atlantic Fruit rs lost ground.
Steel securities were moderately
active but moved within narrow
range.
More buying came into the rail-
way section although price changes
were few. The majority of repre-
sentative standard railway mort
cages held steady, with fractional
advances in Central Pacific first
As, New Orleans, Texas and Mex
leo incomes, Baltimore and Ohio
4 LIS and the Fries
and st. Paul.
Liberty bonds were firm. For
eign government issues exhibited
further irregularity with a new
high for the year in Queensland rs
and better demand for the
French municipal loans. United
1-2's of 1922 and 1929
held their ground as sterling ex-
change got to its highest for the
season.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-18
DruGoods Market
BIZ STUART r. " asa
tCopyright, lyz2.I

New York, May 1S.-The volume
Of trade in cotton cloths continued
small today but prices were tirmly
maintained at their recent ad-
vances. The market for 1914 inch
64x60s and of S9-inch 6Sx72 still
could be considered 81 cent and
az cent respectively. Sheetings
were very strong and in fair de-
mand and pajana checks showed
more activity than the other con-
structions. Sateens attracted some
attention and percales and shirt
ings were fairly we'll sought.
The raw silk market was trifie
more active today and there was
very little to indicate radical de-
cline in prices. Yokohona was &C
tive and firm.
WOOL.
Bosom, May Is.-Boston dealers
are watching the Texas sales of
wool with keenest interest. Compe-
tition in the Lone Star state is very
keen and 1t is reported some sales
already have been made at prices
as high as As cents a pound I'M
secured. Choice lots are being
snapped up Immediately. Ship
ments here are being readily taken
by manufacturers with the makers
of worsteds much more active than
they have been Shearing is being
rushed in Utah to take advantage
of the high prices and many herds
are being. clipped before going to
the lambing beds.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-18

ports was firm and active. Todd
Shipyards, Radio Common and Gu
ban Dominican Sugar were easier
during the greater part of the ses-
sion.
Durant Motors was firm. There
was more activity in the mining de-
partment with the low priced issues
the favorites. Independent Lead
reached a new high record on
buying following additional favor
able reports from the property.
Boston and Montana issues were
firm. Bonds were active. Inter
borough new SIS advanced TO a new
high Freeport, Texas, rs were err
ratio, moving over a range of 8
points or more.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-18
Street Features
~ szvJAKr r. WEST
tcoyrstEhs. 1ez2.b
AUTOMOBILE STOCKS

In line with the statement that
Studebaker earnings for the second
quarter will be SO a share. bring
ing earnings for the half year up
70 SIS, 1t was learned today that
General Motors has already earned
the FULL years dividend charges on
It's preferred issues and will earn
better than 81 6 share In the first
SIX months and probably So share
Tor the common for the year. The
corporation expects to be free of
debt by the first of July.
AMERICAN LINSEED.
American Linseed stocks were
bought on the theory that they
were behind the market and had
not measured the improvement In
the company's business. Linseed
Is partly producer of linseed oil
and partly a maker OF butter. It
Is therefore building material
company and at the same time q
food products company. But just
now il is mainly concerned with
the building material end.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-18
Local Stocks
WEEKLY FRUIT AND
VEGETABLE REVIEW

Chicago, May 1S.-Fruit end veg
etable receipts were so per cent
heavier last week than for the
same period last year and prices
were on the downward trend, ac-
cording to the weekly report issued
today by the United States Bureau
of Markets. The total movement
was about four thousand cars.
Heavy supply in the large markets
was reported responsible for the
lower prices.
A further decline in the price of
strawberries was noted and the
car load movement was heavy,
about four hundred cars arriving
in Chicago and 1888 in New York.
Carolinas, Virginias and Tennessee
berries sold for from 10 to 20
cents a quart. Arkansas and Ten
nessee berries had declined about
81 case. They ranged from 50 to
$3.50, while a year ago the price
was 1915 to $3.50.
Leading potato markets aver
aged about Is cents per hundred
pounds lower for old stock. North
ern round whites closed at $145
in Chicago, while Maine shipping
points were steady at IS cents.
Green Mountains ranged Is cents
lower in eastern markets.
Sweet potatoes sold generally
lower in middle western markets
and onions were weak.
Prices of barreled apples contin-
ued steady at general jobbing
range of $3.50 to So for best grade
New York Baldwins.
Cabbage and asparagus sold
lower.
The first car of Georgia peaches
was reported enroute to New YorL
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-18
STEERS CAIN IS
CENTS;-PRICES
INHOGS BETTER
fBv Consolidated Press.l

4 AESn-E
U. s. Yards, Chicago. May 1S.-It
rained again today, and this delayed
the trade. In the cattle alleys the
trade was better than expected
while hogs also sold we'll in view OF
the fact that the weeks supply is
nearly $4,000 larger than a week
ago. Receipts today were estimated
at 10000 cattle, q 900 hogs, 1000
sheep and 5000 calves.
CATTLE.
Demand for good steers were
active and sales above $50 looked
strong to 15c higher. Even palmer
grades of stuff were steady. Many
steers were good enough to go at
900 and better. Choice lots were
quoted at 9.25. Cows sold well.
with choice kinds at 6.e0G7.00 while
Gamers at 3.75@400 and bologna
bulls at 4.5005.00 were steady.
Packers paid 9.50@1O00 for good
veal calves on generally steady
market.
Hog trade was strong from the
start. Prices were better than the
average of the day before and sup
ply up to the best time noted that
day Prime light butchers sold at
10.90@1100 making the top the same
as the day before. Bulk of good
butchers went at 10.60@10.90. Some
rough packing hogs sold at 800 but
bulk went at 9.25@9.75.
SHEEP.
Few lambs sold before noon. The
trade was slow with all changes
favoring buyers. Good shorn lambs
were placed at 12.009I2.50 while
some native spring lambs sold at
120001450. Native ewes went to
shippers at 5.00@6.50.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-18
Chicago Produce.

Chicago, May 18-Butter: high
er; creamery extras; firsts, 31Q34;
seconds, 2S@30; standards, 34h.
Eggs: lower; receipts, 22,84S
first 2S@241e; ordinary firsts,
2112 @22; miscellaneous, $50
2313; storage packed extras, 2612
storage packed firsts, 26.
Poultry: alive, higher, fowls, &c
broilers, 40@4S; ROSTERS, 14h.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-18
Chicago Potatoes

Chicago, May 1S.-Potatoes, weak
Receipts, 81 cars; total United
States shipments, 524 cars. North
ern whites, sacked, and bulk, 1.15Q
1.35 cwt.; western rurals, sacked
1.40@1.50 cwt.
New stock, firm; Alabama, sacked
Bills Triumphs. No. 1, 3.75 cwt.
Florida Spaulding Rose double
headed barrels, 6.25@6.50.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-18
Foreign Exchange.

New York. May 1S.-Foreign ex-
eaange, irregular.
Ifeat Britain: demand, 4.44%;
cables, 445h.
france: demand, go.
Italy: demand, 5.16A.
belgium: demand, S.29.
germany: demand, 1875.
ROLAND: demand, 3S.6S.
SSorWay: demand, 1883.
sweden: demand, $3.50.
oenmark: demand, 21.3o.
SWltzerland: demand, 1917.
spain; demand, 1872.
Greeee: demand, Ala.
roland: demand, .025s.
e-eehoslovakia: demand. 100.
argentine: demand. 1862.
0fszll: demand, 1887.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-18
Peoria Cash Grain.

Peoria, ILL.,, May 18.-Corn: re-
ceipts 10 cars; unchanged; No. 2
white, 61A; No. 3 white, coy; No.
1 yellow, 61Z: No. 2 yellow, 61k@
61%; No. yellow, SOY; No. 2
mixed, 61A; No. 8 mixed, 60A.
Oats: receipts 81 cars; NC to
1ec higher; No. white, 39k@44A;
No 3 white. 3S1aQ39A; No. 4
white, 37A.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-18
MUTT FIRES FOUR MEN

.enicago, May 1S.-Dismissal of
,oor prohibition agents of the Chi
ago office was ordered by Colonel
~ u. Mutt, who has taken the post
associate enforcer, as a start of
na nouse-cieaning expected to affect
many more agents.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-18
Peoria Livestock.

Peoria, Ill, May 18.-Hogs: re-
ceipts 1000; opened stronger; top,
1880; Ii hts, 10.5O010.S0; mediums,
10. 5O@10.75; heavies. 10.O0Q10.70;
packers, 9.00@9.75.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-18
LiUe Stock
Chicago Livestock.

Chicago, May 1S.-Cattle re-
ceipts, 10000; market, active; beef
steers, strong to 15c higher; top,
800; bulk, 7.75QS.65; she-stock,
steady to strong, bulk fat cows and
heifers, 5.S5Q7.25; Gamers and
cutters, largely 3.90Q475; bulls,
steady; bolognas, mostly around
ass; early sales veal calves to out
siders, steady, packers bidding low
eer, best vealers to shippers and
city butchers, 1O.5o@11.00; stockers
scarce, dull.
Hog receipts, $4,000; market, &C
tive, strong to loo higher than yes
terday's average; heavy butchers,
up most, top, HOO; bulk, 1850
HOO; pigs, weak to Csc lower.
Sheep receipts, 1900; market.
slow, bidding lower, practically all
kinds, few early sales; natives,
about steady; bulk, native spring
lambs, 13.25@14.50; ewes, largely
4.50Q6.50.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-18
MISSOURI BONUS SHY.

az senerson City, Mo-. May 1S.-The
an u,'Voo,Oo0 soldier bonus fund will
sss a snort about $4,000 900 in the
n NJ of Missouri ex-service
rs,s Adlutant-General Raupp esti-
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-18
Weather Forecast

Illinois: Fair tonight and Fri
day; slightly cooler in extreme
south portion tonight.
Indiana: Generally fair tonight
and Friday; not much change in
temperature.
wisconsin: Fair tonight and Fri
day; slightly cooler tonight in
west and north central portions.
Missouri: Fair tonight and FRI
day; not much change In tempera-
ture.
Iowa: Fair tonight and Friday;
somewhat warmer Friday afternoon
in west and north.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-18
Grain
Chicago Cash Gram.

Chicago. May Is.
WHEAT.
No. z red, Las.
No. 8 red, LAO.
No. 1 hard, 1.51h.
No. 2 hard. 144@1.45.
No. 3 hard, 1.40@I.4O15.
No. 5 hard, LBS.
No. 1 northern dark, liz
No. 2 mixed, 1884.
No. 3 mixed, 1.3415.
CORN.
No. 2 mixed, 62Ac.
No. 8 mixed, GIG.
No. 6 mixed, 60hc.
No. 2 yellow, 62hc.
No. 8 yellow, 61k062Ac.
No. 4 yellow, Gle.
No. 5 yellow, 601ac.
No. 6 yellow, 601kc.
No. 2 white, 62&c.
No. white, Sic.
No. 6 white, Gle.
OATS.
No. l white, 44c.
No. 2 white, 41Q42Nc.
No. 3 white, 40@42c.
No. 4 white, 3s%@41Ac
OTHER GRAINS.
Rye: nominal.
Barley: 62@S6c.
Timothy seed: 4.50@6.0o.
Clover seed: 12.00@22.00.
PROVISIONS.
Pork: nominal.
Lard: 11.40.
Ribs: 12.62@13.50.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-18
Toledo Seed.

Toledo, Ohio, May 1S.-Clover
seed: prime, cash, 1875; October.
Has; timothy: prime, cash, and
May, 80; September, 3.45.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-18

About so out of every 100 natives
examined in two villages near Lake
Maracaibo, Venezuela, showed in
lection from malaria.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-18
Silver.

New York. May 1S.-Foreign bar
silver, 1875; Mexican dollars, .56A.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-18

The public health service insists
that European immigrants be reas-
onably clean when embarking so
that they will not bring with them
disease-bearing vern1in.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-03-06
Continued Peace
in Manchester, N. HI.

Manchester, N. H., March SIT
most peace still reigns in this city
where 10000 textile operatives are
or strike. Despite a hard storm, the
mill plants were guarded by pickets,
although there was nothing tram
sacted there of the most minor i'm
portance.
The features of the Sabbath were
several mass meetings. the Portu-
gese. Greek. and Polish spanking
workers holding sessions in the day
time. and the evening being featured
by mass meetings in two of the larg-
est theatres, where out of town
speakers spoke at the gatherings.
These meetings were addressed by
Miss Mary Thompson of Boston. con-
rected with the Women's Trade In
ion league, who told of conditions Of
women workers in textile centers,
which she had visited. Hugh j.
Glover of Boston counseled discip-
line, confidence and patience.
While a tabulation of returns has
not yet been made, it is estimated
that a tag day held Saturday yield
ed over $4,000 for the benefit of the
strikers.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-03-06

it's policies, but mainly on the tariff
liberals and prosressives uniting in
their belief in customs duties 'fol
revenue only" as against the con-
sentative program of protection.
Premier King. himself veteran OF
the Laurier ministry of 1911, in which
he served as Minister of Labor, has
surrounded himself with seasored adj
visers, many of whom had cabinet eX-
perience under Sir Wifrid Laurier
Five of the King ministry were in the
administration that went down to de-
feat in 1911 on the reciprocity pact
with the United States.
Foremost among these is w. S.
Fielding of Nova Scotia, who
negotiated the reciprocity agreement
with the Taft administration. The
others are: Charles Murphy of On
tario: George P. Graham of Ontario:
Henri S. Bcland Of Quebec, and
Jacques Bureau of Quebec.