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The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-02
! Street Features
VARIOUS WEAK SPOTS.
BY STUART p. WEST
tCopyright. 1927

While there was no let up in the
Dull campaign in many special is
sues. there were a number of 9TH
er recent favorites which camu
down sharply. 1t is the procedure
OF the modern market to have its
reactions by individual stocks and
groups and stocks, as well as its
advances. 1t is because an upwar.j
movement nowadays corrects its
technical weakness |and in this
manner as it goes along. that il is
SO prolonged and persistent. Toda :
with Studebaker making high
record, 1t was Suddenly disclosed
that cocoa cola was down nearly {
points, and American Sumatra
nearly points from the high
Philips Petroleum was reacting vi.
olently, even while other oil stocks
such as Texas company and cant
Iornia Petroleum, were moving up
These were samples of, what was
going on al Through the list.
STEEL MERGER STOCKS.
An object less on was given to.
day that the whole enthusiasm %
speculative circles on the subject
or mergers is confined to the antic
ipation, and that realization is api
to bring with it a revuision in sen.
ument- Both Midvale Steel and
Republic Iron and Steel started il
where the left off on Thursday but
heavy selling quickly set in, carry.
ing the two stock down swiftly
Speculative predictions as to what
the various shares would be worth
when taken into the merger were
proved to be altogether excessive
A lot of people had bought Repub-
lie on talk that it would be taken
in on terms which would work out
between So and 90 for the present
common stock Midvale was bought
in the same way on talk of at leas'
so and as high as so. Outside trad.
! ers who had followed these tips
found themselves badly caught.
PITTSBURGH COAL.
The advance in Pittsburgh Goa.
common stock to a new high fol
. the year was based upon the pros
poets of the company's earning ca
pacity during the second half Of
1922. IN interested quarters of the
street a settlement of the Goa
strike by the first of July is looked
for.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-02
Curb Market
BY STUART z. WEST
tCopyright, 1922.

New York, June 2-There were
some wide fluctuations on the curb
exchange today. Al the start prices
were higher on commission house
buying, but later profit taking and
some selling by professional opera
tors who were preparing to even
their accounts over the weekend,
caused a partial recession.
Standard Oils attracted most of
the attention in the oil group. I'm
perial Oil of Canada ran up sharp
ly, but later felt the effects of re
alizing sales. Standard Oil OF Ken
lucky also fell back after estab-
fishing a new high in the early
dealings. There was some reaction
in Ohio Oil, but Standard Oil of
Newl York and Prairie Pipe Line
continued their advance In con-
trast to the strength elsewhere was
the conspicuous weakness of Kirby
Petroleum, which broke badly to
the lowest yet reached. On the 9TH
er hand, Mutual Oil was active at
a new high and Fensland and
Simms Petroleum were steady.
In sympathy with the weakness
OF tobacco stocks on the big board
the curb tobaccos were freely sup
piled. Among the motors, Durant
old stock was higher, Hudson Mo
tors held steady. while REQ and
Cleveland were sligtly lover.
Trading started in North Ameri-
can Steel, the company which is
taking over the Midvale, Republic
and Inland companies.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-02
WHEAT SHOWS
NERVOUSNESS;
CORN is FIRM
by Consolidated Press.)

Chicago, June "A feeling Of
nervousness pervaded the wheat
market. but trend of values the
greater part of the session was in
an upward direction. Trade was
not large and this caused over
bought conditions to develop at in
teryals that caused the dips which
were recorded at intervals. Despite
the lower cables, the opening was
fairly steady, local buying being
encouraged by report of the fed
eral crop statistician of Texas say
ing the crop of Denton county was
deteriorating rapidly as the result
of black rust, and this will be a
menace to the crop in the more
northerly states. Locals also were
disposed to buy on the theory of a
Friday bulge. Bears pressed wheat
for sale on the bulges. Export bro
kers said they had a renewal of the
day before bids for cash wheat, but
local shippers were reluctant to Of
fer. Premiums for red winter wheat
were &c higher. Seaboard reported
resellers abroad Offering new hard
winter wheat &c to Sc cheaper than
direct offers, and that Germany's
government buying agency had
withdrawn from the market. Mill
ing demand for wheat was fairly
good. Receipts continue of light
volume Heavy Argentine ship
ments caused a break in the Liver
pool market
Corn trade was quiet, but the UNI
dertone was firm. There was goou
buying early by local profession
ais and the pit crowd were inclin-
ed to buy because of the firm tone
in wheat. Weather was too cool
in parts of the crop. A better do
nestle shipping demand for corn
was noted. Receipts continue heavy.
Oats trade was moderate with
price changes slight Armour was
a seller of July. Demand for cash
oats was not so good.
Provisions were neglected with
trade mainly in lard Liquidation
was in evidence early because of
the big increase in stocks, but the
firmer hogs induced some support
Liquidation by local holders
caused a late break in the wheat
market. Closing prices showing
losses of Il to &c; July 1854 q g /;
Sept. ITS az and Dec. 1904
Corn closed 1s@7sc lower; July
Sis 662; Sept 64%, and Dec.
SPY. Oats were unchanged to &c
higher; July 38A; Sept 4O1s. Lard
closed .215c lower and ribs I'M
changed.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-02
LiUe Stock
Chicago Livestock.

Chicago. June 2.-Cattie: re-
ceipts, $500; beef steers active;
strong to 10 cents higher; top
yearlings. steers and heifers, 9.25;
bulk beef steers, S:15Q $50; besf
cows and heifers, Gamers and cut
ters, and stockers, steady; bulls
and veal calves, strong; bulk fat
she-stock, 5:400725; bulk veal
calves to packers. 9.75Q10.50.
Hogs; receipts, $1,000; market
active to shippers, small killers
and yard traders; mostly 10 to 10
cents higher than yesterdays aver
age; spots up more;~ top, 1870;
bulk. 10.20@10.65; pigs. about
steady; mostly, 9.5061025; heavy,
10.30Q10.55; medium. 10.50010.1a;
lights, 1065@1070; light lights,
10.30@10.65; packing sows, smooth,
9.30@9.75; rough. g.00G9.35, kill
ing pigs, 9.25010.35.
Sheep: receipts, 5000; mostly di-
rect; market steady; few spots on
lambs, culls, lower; short DECK
choice "A pound native springers,
14.75 to city butchers; packer top,
14.50; culls, mostly S.5069.50; best
light ewes, 700; heavy 3,0043.50:
top good shorn lambs, 1925.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-02
Bond Market
BY STUART p. WEST
tCopyright, 1927

New York. June 2.-In today
bond market the general price
movement was mixed. Trading be-
gan in a few new issues success
fully fioated by banking syndicates
and outside influences such as the
advance of sterling exchange were
plainly felt The hardening of the
call money rate had its effect on the
dealings, causing further irregular
ity and dullness during the first
hour or so. after which many BONDS
were inclined to strengthen.
The sharp rise of United King
dom 515s of 1922 and 1929 TO a
new high price for the year was
the logical accompaniment to the
upward swing of sterling The new
Republic of Bolivia SIS were ad-
mitted to trading on the stock ex-
change and sold at a slight pre-
MUM above their issue price OF
101.
1t was the French Republic is
sues that remained around their
closing prices of the day. while
there was strength in Brazil SIS,
Denmark SIS, Netherland Is and the
Japanese bonds.
The secretary of the treasury an
nounced that the books have been
closed on the 100000 issue of
31a per cent treasury certificates
of Indebtedness, maturing Dec. 10,
1922.
The movement of railway and
Industrial bonds was uncertain. A
number of active railway issues
were still reactionary. The Erie
convertible BIS encountered profit
taking again. Peoria & Eastern in
comes, Frisco incomes and Sea-
board adjustments gained ground.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-02
DryGOods Market
BY STUART r. NEST
Copyright. 1312.J

New York, June 2-Trading IN
cotton goods was light. today and
especially in the morning but
prices were we'll maintained both
for print cloths and sheetings. The
government raw cotton report was
eagerly scanned for its probable
effect on the goods trade and some
orders were held in allegiance until
the trend of the new staple
throughout the day could be deter
mined. The demand for 54x60 and
6Sx72 print cloths was light. Sheet
ings were steady with orders for
small lots in evidence. Business
was recorded in osnabergs, pa
jana checks and some of the fine
yarn goods
No activity was in evidence in
the raw silk market, the dizziness
rejecting somewhat the lack of de-
mand for future deliveries of broad
silks among the manufacturers.
WOOL.
Boston, June EARLY reports
from the renewals of the San An
gelo. Texas, wool sales today indi-
Gated the high prices of the first
sales were being maintained and
buyers in the middle west contin-
ued to scramble for the best mid
die west clips at prices around 50
cents a pound The foreign mar
/ kets, especially Brisbane, contin-
ued strong with considerable bust
ness for American account report
ed. Woods arriving here are being
moved very quickly and with nc
slackening in the firm trend OF
prices.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-02
Weather Forecast

Illinois: Unsettled weather to-
night and Saturday; probably
showers. except fair Saturday ia
west and south portions; not much
change in temperature.
Indiana: Unsettled weather to-
night and Saturday; probably
showers; not much change In tenn
perature.
Wisconsin: Unsettled weather
with showers, this afternoon and in
extreme east portion tonight; Sat
urday probably fair, not much
change in temperature
Missouri; Unsettled this after
noon and tonight; Saturday gener
ally fair and warmer.
Iowa: Unsettled tonight; Satur-
day probably fair and somewhat
warmer
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-02
GLASS OF Is TO
BE CONFIRMED IN
TEMPLE EMANUEL

Four from Rock Island and one
from Moline are members of the
class Of 10 tri-city young people to
be confirmed at services Sunday
morning in the Temple Emanuel,
Davenport. Rabbi J. L. Baron will
conduct the service. The Rock Is
land members of the class are
Pearl Isenberg, Mary NeidOrff and
Harry and Tillie Kulp. Eleanor
Dolhart is the Moline member The
confirmation takes place at 10
o'clock.
Last public service of the season
will be held in the temple at
o'clock this evening. There will be
special holiday music by the choir.
There will be no service during the
summer months.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-02
Chicago Produce.

Chicago, June 2.-Butter: High
Ter; receipts, 1883 tubs; creamery
extras, 3412; frsts, 304331a; sec.
onds. 28@29; standards, SAY.
Eggs: Unchanged; receipts, 25,-
PIP cases; firsts. 23Q23A; ordi-
nary f1rsts, 211a OPP; miscellaneous
22n@22%; storage packed firsts,
2412.
Cheese; Unchanged.
Poultry: Irregular. Receipts,
two cars in; fowls, 2415; broilers.
32040; cocks, IA; ducks, springs,
80; ducks, old, %; geese, spring,
%; geese, old, IA; turkeys, Csc.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-02
Chicago POtatoeS

Chicago, June POTATOES. Re-
ceipts, SO cars; total United States
shipments, 500 cars; market strong
er; Wisconsin, sacked, round
whites, 1.40@1.55 cwt; Michigan,
sacked, bulk, 1.45@1.55 cwt; Idaho
sacked, russets, 100000 cwt;
Louisiana, sacked, Bliss Triumphs
2.60@2.75 cwt; Alabama, sacked
Bliss Triumphs. 2.75@2.90; Texas
ditto, 2.30@2.50; South Carolina
Irish Cobblers, No. 1. 5.65.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-02
Peoria Cash Grain,

Peoria, Ill, June Corn: re-
ceipts II cars; &c lower to nc
higher; No. l white so; No. white
so; No. yellow 5Sh@60; No. 3
yellow 5712 @5S3s; No. yellow
57A.
Oats: receipts 16 cars, unchang
ed; No. 1 white 3915; No. 2 white
37R 03Sh; No. 3 white Sc.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-02
ROBERT T.. RQTE
IN SUMMER CAMP

The first boy from Rock Island
to register for Camp Roosevelt, the
national boys camp near LaPorte.
Ind, is Robert Emery Rote, son of
Mr.. and Mrs Robert, ]. Rote, 2016
Sixteenth street. He will enter the
summer school division, and re-
main for the six weeks term.
Camp Roosevelt is operated by
the Chicago board of education, I'M
der direct command of Major F. l.
Beals, U. S. A, the founder.
From the number of enroIlments
that are coming into the camp
headquarters office, $50 State
street, Chicago, it is anticipated
that the summer of 1922 will be the
banner year of the camp. Location
has been changed to bring the
camp nearer Chicago than the for
mer site in Michigan.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-02
Peoria Livestock.

Peoria, Ill, June 2.-Hog receipts
800; 10 to 10 cents higher; best
price, 1O.45; lights, 10.25010.45:
mediums. 10.15@1O.45; heavies.
8.75@1025; packers, S.75Q9.40.
Cattle receipts, light; steady;
calves, steady; best calf sold 1000.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-02
ANNOUNCEs STEEL. MERCER.

New York, June Thomas l.
Chadbourne. attorney. announced
adoption of plan whereby the Mid
vale Steel and Ordnance company,
Republic Iron & Steel company,
and the Inland Steel company. will
be unified under ownership of
Midvala.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-02
,By the Associated Press.


Chicago, June
WHEAT.
No. 2 red. 1.23.
Sample grade red, 1.16A.
No. l hard, 1.2212.
No. 2 hard, 1902 @1.21A.
No. hard, 1.1901.191a.
No. northern dark, 1891.
No. 2 mixed, 1.191a.
No. 3 mixed, LII.
CORN.
No. l mixed, SOL.
No. 2 mixed, 60A9G601s.
No. 3 mixed, 59A
No. 4 mixed, 59059h.
No. mixed, 57Q5SI4.
No. l yellow, 60A Q61.
No. 2 yellow, 60% @61.
No. yellow, 60A 96012.
No. yellow, 591s@6014.
No. 3 yellow, 5S41Q59.
No. 6 yellow, 5612Q5S.
No. l white, 81.
No. white, 6O&@61.
No. 8 white, -60A @60k.
No. 4 white, $4,000.
No. 5 white, 58@59.
Sample grade, Sc.
OATS.
No. l white, AN.
No. 2 white, 3S@4Oh.
No. 3 white, 36A 0304.
No. 4 white, 35A Q36A.
OTHER GRAINS.
Rye: No. 2, LOO.
Barley: 60Q69.
Timothy seed: 4.00@5.50.
Glover seed: 12.00@20.00.
PROVISIONS.
Pork: Nominal.
Lard: 11.3O.
Ribs: 12:50013.50.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-02
FOR RENT

Ofhces recently occupied by the
Sinclair Oil Co. especially aGapaS-i
for firm desiring a large amount OF
space-or will alter to meet smaller
requirements. F. X. Rhoads, Rob-
inson Bldg.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-02
New York Sugar.

New York, June Raw sugar.
quote Cuba's 9 11-16 cents cost and
freight. equal to 429 for centrifu-
gal
Refined, unchanged.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-02
New York Money.

New York, June Call money
easier; high, 5; low, AZ; ruling
rate, 5; closing bid, Az offered at
IS; last loan, Az percent.
Call loans against acceptance,
Az percent.
Time loans: firmer: so days and
80 days, "A; six months, Az 0412
percent.
Prime, mercantile paper, AZ per-
cent.
Silver.
New York. June Foreign sill
yer, .71A; Mexican dollers, .547s.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-02
Local Stocks

Quotations furnished by A G. Cochrsne
Co.. 800 Best Bldg)
RiH Ackod
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-02

Divorce is increasing rapidly in
England, especially among the poor.
Albuquerque morning journal., 1922-11-26
FOR BETTER EDUCATION

The ideals of democratic government
and democratic education were planted
simultaneously in our country. They
have gone hand in hand ever since and
have always supplemented each other.
1t has been a cardinal principle in the
United States that everyone should have
the opportunity of receiving an education.
President Harding rightly stresses these
facts in proclaiming this week as Ameri-
can Education Week.
Opportunity, indeed, is not lacking,
but unfortunately it is not always availed
of. When the draft system came to be
applied, it is no exaggeration to say that
the revelations Of mental deficiency which
it disclosed was a shock to the country.
Those revelations, more than anything
else, made the focusing of attention on
the subject by some such extraordinary
method as the holding of special educa-
ton week necessity. And in making his
proclamation the President has shown
that he is alert to the needs of the time
and to the many benefits likely to accrue
to the country from more intensely de-
veloped attention to the universal spread
of education.
The President regrets, and with reason,
that so few young men and women,
properly equipped for such service, are
nowadays disposed to take up teaching
as profession. The situation in this
respect of late years has in truth been
such as to reduce school boards almost
to despair. Not only good teachers, but
a sufficient number of them, are essential
TO every system of education. One result
of education week ought therefore to be
an increased determination in all parts
of the country to offer such inducements
in the way of compensation as will at
tract young men and women to the pro-
fession of teaching. The tendency of the
male teacher to disappear from the ranks
has been one of the severest blows to
education in the United States. Educa-
ton week will have served a useful
function if it succeeds in restoring the
balance as between the sexes.
Albuquerque morning journal., 1922-11-26
WORSHIP BY RADIO.

y The radio church which Roger Babson
intends to found at Wellesley, Mass, is
the logical development of one phase of
wireless activity Under his scheme, sew
eral denominations would be represented,
and the broadcasting station would be
powerful enough to send out its weekly
devotions over all the country.
The Baptists, for instance, would have
an hour for song, prayer, sermon and
worship. Then the Methodists, then the
Presbyterians, etc. Some sly wag has
suggested that this scheme is particularly
desirable because it eliminates the collec-
tion plate.
The art Of communication is the great
est achievement Of mankind. First, when
we lived in the caves and on the cliffs,
came rude speech Writing, after many
centuries, followed, and then the print
ing press gave civilization a spur forward.
The telegraph and the telephone were
almost twins. Now it is radio.
Perhaps the next generation will use
the telepathy Of thought-waves for its
exchange Of ideas.
Albuquerque morning journal., 1922-11-26
The Park Ave. News

Weather. Better.
Exter! Big Loss! Puds Simkins
slipped on a empty banana skin
last Thersday and ruined 10 cents
werth of chocklit covered cherries
in a bag, saying that's the last time
he'll ever carry enything valuable
in his back pockit.
Intristing Facks About Intristing
People. Artie Alexander can so to
sleep very quick at mite but he is
perfect wen it comes to sleeping
in the morning.
Pome by Skinny Martin
Small but Active
My father has little automobeel,
He is in it mite and day,
o other fellows fathers cars may
of cost more
But can heer his the ferthest
away.
Things You Awt to Know. a
bumbel bee wont hert you unless
you hert it ferst but wen you are
in doubt the best thing is to run.
Safety l'erst. Some good ways
to pervent axsidents is as follows
l. Wen crossing a street never
see how close you can leeve a auto
mobeel get to you without hitting
you Always be at leest is intches
past it wen it goes by.
2. Don't pet mad looking dogs
or horses with their ears back.
3. Don't hold eny conversations
in the middle of a biz2y street un-
less its absilootly necessary.
4. Be exter careful vile wawk-
ing past bildings if bricks are fall
ing off OF the roof.
Albuquerque morning journal., 1922-11-26
DAVIS OUTLINES STEPS NEEDED
TO BRING ABOUT RECLAMATION

, planned. High ground water, hay-
ing no outlet, produces this alkali.
The water comes to the surface and
is absorbed through evaporation,
leaving the alkali. When the drain
age canals have provided an outlet.
the continued application of fresh
water will wash the alkali down
through the ground, eventually
leaving the soil fertile again.
Use of fresh water will not mean
the actual consumption of any
more water than at present, since
the water that is now wasted,
through evaporation and otherwise,
would go back into the river chan
mel. This return flow would fully
compensate for the fresh water
taken out.
Waters not otherwise cppropri-
ated have been appropriated to the
Elephant Butte project, but Mr..
Davis believes that the water rights
held in the middle valley are not
ante-dated by the Elephant Butte
rights. And, as has been shown.
the river flow would .ot be dimin-
ished by exchanging water now
wasted Tor freSh water.
River Bed Elevated
The bed OF the Rio Grande has
kbeen gradually and steadily ele-
waited until now, in many places,
there Is no real channel left. There
are locations where the river bed
is six to eight feet higher than the
land on either side. Divertlng water
in Colorado has left in the river
too little water to preserve a chan
mel The principal flow has been
from side streams, bringing in vast
quantities of sand, gravel and silt.
This side flow, with accumulation
i of earth and rock, and without any
current to preserve a channel, has
served to raise the rivers bed.
There is a method of raising the
| lands on the side of the river nearly
to the level of the river bed, but
| the process is slow and expensive,
Mr.. Davis said. This is by flooding
the lowlands, allowing the silt to
settle and then Withdrawing the
cloar water. This method has bee
used on some comparatively sma /
areas, but probably will not be e.. =
tensively used.
In the light of the forthcoming
report of the reclamation service,
and the revised law. which it is
hoped the next legislature will en-
act, 1t ought to be possible, Mr..
Davis believes, for the people to
go ahead intelligently md success
fully with plans for the reclama-
ton of the middle valley of the Rio
Grande.