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The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-07-07
Curb Market
BY STUART p. WEST
(Copyright. 1o31.s

New York., July Another bad
collapse in Mexican Seaboard is
uses was the feature of the curb
exchange trading today. On Thurs
day these stocks had held their
ground, relying upon the statement
of the president Of the company
that the development of salt water
in, two of the wells had been fully
anticipated and that this did not
reflect upon the producing capacity
OF the company as whole. But
when the new rush of selling Or
ders swept into the market today
and found little or no support, the
street forgot all about hese reas-
surances and refused to believe
anything but the worst. Mexican
Seab0ard stocks fell another nine
points and the voting trust certifi-
Gates ten points before the decline
was checked at all. On the other
hand the great strength of Standard
Oil of Indiana continued almost as
much of an outstanding incident on
the collapse in Mexican Seaboard.
The Indiana shares were up anoth-
er two points, completing a total
gain of nearly fourteen points with
in the last ten days, There was
nothing to add in connection with
this rise, to the statement already
made that a new pool took hold of
the stock a fortnight ago basing its
operations upon the fact that a
maximum Of production has been
attained.
Among the other oils, Sicily held
its gain of Thursday, Standard OF
Kentucky followed the rise in the
Indiana stock and Mountain Pro-
ducers, Merritt Oil, Fensland and
International Petroleum were all
active and strong.
Glen Alden Coal was one of the
leaders in the group of miscelIan-
eous shares, advancing several
points. Goldwyn Pictures on
heavy trading, rose about point.
Profit taking sales made them
selves felt in Hayes Wheel despite
the report put out that net earn
ings for the first six months would
exceed 100000 with June making
the best showing of any month thus
far.
Among mining stocks, Mother
Lode had a slight advance and
Eureka Croesus and Independent
Lead were active with irregular
changes. International Carbon
reached a new high on considerab-
ly increased volume of business.
In the bond list Freeport, Texas
rs reached $50 but later fell back
sharply. Mexican government As
were weak, selling down to 39h
a loss of two points within the last
two days. New Haven rs were
strong. selling up from S6A to IS.
The new Humble Oil rs were trad
ed in around 101.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-07-07

~ vneA Infv 9Heavv trad
,nr h ! iherty honda keot on today
srd the mfvcanenf az nrtre. in this
-~s.~ -. PRESENTATION 81 fhe
e, s..es ~ Il. msrkef
sh-o..sho,,t The seastnn United
$780, s~-...-..Sf ~ecurifioa wara
M =. n =. a..s - hS.,-a thor
- y $3.50. :. =. - 80 sctivifv
49, l.N:n.-S $3.50 s.,i- = -. MINI
u !. .m,sa s Ia .s,.rr,nr pat,.
=. uaa ss - go n.S~ s..~.nAr a.
Wy Oonus :. ai1 80. so,a ~ Th,,~s.
sences, =. E. ,eas s syn 49,. -
ny : lasnsss en, ...saa
lefnal loens ulo scs.Csi ny ln ,.s
oI note. WINE tne tnuus.r.ai ,a us
osveiopeo : lev inle.sseane M.
aenS. AIMING ne railway uonuo
70 reach new niea prices loI .ns
year were tne y, .; q =. ssnes = =
=. New aoIk Sen,Ia uSDen.ue ~,
Kansas CITY southern os anu .ne
Big rouf % series A. fennsyl.a
mn 61ss were less taan point
from their top Tor lSz2 ST. Louis
and San Francisco adjustments,
New York, Westchester ana Bos-
ton 44s. Chicago & Alton 3Hs.
Unicn Pacific So and the Fries ali
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-07-07
PRICES
TAKE DROP ON
WEAK CABLES
(By Consolidated Press.l

Chicago. July THE trend Of
wheat prices was extremely cratic.
Market was lower on weak cables.
The pressure was mainly local. A
few minutes after the opening sup
port developed and shorts covered
on reports Of sales Of 900. 900 BUSH
els Of wheat to exporters q big
rally ensuing. Later the sales to-
tailed nearly 100000 bushels. The
advance held we'll for time but
buying failed to follow the ad-
vances and this encouraged pres
sure from locals. Later a Philadel-
phia exporter wired that he had .
cable Offering to resell wheat 2
shillings cheaper than, the price he
offered it last night and this to-
gether with the opinion that the
export business reported out of
here was merely to fill old sales
encouraged more pressure. Mime
apolis reported a sharp improve
ment in the flour demand and a
better demand for cash wheat at
unchanged prices. Kansas City re-
ported new wheat and ordinary
kinds Of old wheat 1c to 1hc low
er. Weather continues favorable
for the spring wheat crop but rains
southwest are curtailing the move
ment In that section. Spot wheat
premiums were hc better and to
arrive Nc better.
Trade In corn was Of moderate
volume but the action of wheat af-
fected this market and the price
trend correspondent with the leader.
Offerings OF cash corn to arrive
were heavy and there was some
hedging pressure In the pit early.
Armour gave the market support
early. A large local trader bought
September and sold December.
There was good demand for cash
corn in evidence. Receipts were
heavy. Beneficial rains fell over
. most of the dry belt.
Oats followed the trend Of other
grains. There was some pressure
based on the wet weather in many
parts of the belt where needed.
Cash demand was slow. Receipts
were light.
Commission houses sold provis-
ions at the start causing lower
price levels. but packers gave the
! market support on the dip.
Wheat closed Y to 1tc lower;
July 113B@1.13A; Sept. 1890
1.12B:; Dec. 1.15%. to 1.15h. Corn
closed Y to 1c lower; July 63k :
Sept. 665s and Dec. 65A. Oats
were * to &c lower; July 35N
Sept. 1895 and Dec. An. Lard
closed unchanged to SC lower and
ribs 22k to 30c lower.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-07-07
(By consolidated Pres..l


U. 8. Yards. Chicago. July -
On account Of the short market
week all branches Of the livestock
trade showed decrease In receipts.
Cattle trads was higher for the
week with top steers ct 5000, the
best point for the year. Hogs were
not able to 90 above I'll. In ths
sheep house, values>wers consider.
ably higher for the period, even
Gull lambs and heavy ewes showing
a good gain. Comparatively few
western lambs arrived. Receipts
today were estimated at 1000 cat
tie. 10000 hogs. $4,000 sheep And
1000 calves. .ss.a
= CATTLE. ae
Two loads Of strictly prime heavy
steers sold 1t 5000 today, making
. new top for the week. and also
the high mark for the year. The
trade was generally steady. but
there was q healthy undeftone.
with good demand for oil kinds Of
steers. Cows and heifers also sold
well 1t the weeks high point. Can
ners went at $3.2S to $40 for the
best, while bologna bulls were
steady, choice lots going at $3.50
to $3.50. Calves were in good de-
mand. Some prime animals went
to small killers at $3.50 to $40,
with bulk Of vealers at 1915 to 50.
HOGS.
Light hogs sold about steady
compared with the best time Of hte
day before with top lots at $11 or
equal to the weeks high mark.
Bulk Of ITO to 220 pound stock
went at $1,000 to $10.s5, while 240
to $50 pound butchers of good quail
ity sold at $10.50 to 310.75. 1t was
slow market for heavy packing
hogs at about steady values.
SHEEP.
Demand was q little slow to
start, but values were fully steady.
Strictly prime native lambs sold
to small local killer at $14, while
packers paid $3.50 to $13.75. Few
aged muttons sold at generally
steady values.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-07-07
GERMAN MARKS
: IN RECORD LOW
Make Greatest Drop in History;
Quoted 1t Is Cents q Hundrods
French Francs Down.

New York, July o. German
marks. plunged to the lowest level
in history today, being quoted at
Is cents q hundred, following pub
LEGATION Of the German bank state
ment revealing an increase of H.
250, 000,0 900 marks in the paper cur
rency issued last week.
French exchange also suffered 4
sharp decline, being quoted at
7.92 cents. an overnight drop Of Is
points. The decrease was attfibut-
cd to the heavy buying OF dollar
exchange by French importers for
wheat purchases and sympathetic
action with the course Of German
exchange because Of the latter's re-
lation to reparation payments.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-07-07
ed similar injunction to the. New
Orleans, Texas & Mexico railway.
Allen Rucv I'm KanooS

w - oAAAAAA$A 49, jAASSAoA " thSA ANVW
Orleans, Texas & Mexico railway.
Allen Busy in Kansas.
Mayor Coad of Parsons, Kan, I'M
der threat of custer by Governor
Allen, discharged 81 strikers who
had been appointed as special
police.
At Wichita, Kan, 50 stationary
firemen and oilers Joined the strike.
Striking shopmen of the Dakota
division Of the Great Northern Of
fered to volunteer their services
without pay in any case where loss
of life by wrecks or property by
fire IL threatened.
Announcements by the Union Pa
cific and Northwestern systems
that pensions and seniority rights
would be forfeited unless the men
returned to work Immediately we're
greeted by jeers from strikers at
their meetings.
Strikers Rule Slater, Mo.
Strikers at Slater, Mo-, compris-
ing rs per cent of the population,
remained virtually in control of not
only the Chicago and Alton shops
but the town, and in Morgan county,
Alabama, where the sheriff is alb
sent on a trip to Missouri, railway
special agents were threatened with
arrest for carrying concealed weap-
ons if they left the property Of the
Louisville and Nashville. The alb
sence of the sheriff left no one in
authority to deputize special Off
GERS. according to deputies, and the
situation was virtually in the hands
of striking shopmen. who. however,
had caused no disturbances.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-07-07
DryC foods Market
y 0pAH 2, vi
tcnpSsegAl. IsS4.p

New York. July - Although
converters and printers made a
firm stand against advancing prices
Of cotton goods. the drygoods mar
ket was very firm today. Trading,
however, continued inactive. The
market for southern 3Sh inch Sax
sos print cloth could be consider
ed - 6&c with eSx72's . cent high
er. The narrower print cloth con-
structions were y tribe higher in
comparison. Mil agents were very
firm In their price demands for
sheeting1 and some constructions Of
twills and sateen4 have advanced,
but buyers limited their purchases
to small lots.
The raw silk market was quiet
but firm.f Manufacturers are wary
about buying heavily at present
prices. Buying In thrown silks was
on = hand-to-mouth basis.
- WOOL.
Boston. July mills In this sec
ton are apparently awaiting for a
lead from the American Wooden
company before going actively into
the wool market. The announce
,, ment Of American Woolen's new
prices on certain lines is expected
shortly. The raw wool market to-
day was dull. bat still maintained
its iirmneSs OF tone. Some buying
by manufacturers IL being done d.
rect from growers in Ohio and scat
tered lots are being picked up by
dealers IN the central and north
western territory. Reports fndtcat-
ed that the tone OF the foreign mar
kets was strong.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-07-07
HARDING ASKS
LARGER power
IN TARIFF BODY
CONTINUED from First Page,

make for fexibility and elasticity
so that rates may be adjusted to
meet unusual and changing condi-
tons which cannot be accurately
anticipated. These are problems
incident to unfair practices and to
exchanges which madness in money
have made almost unsolvable.
know of no manner in which to eff
feet this fiexibility other than the
extension of the powers Of the tar
if commission SO that it can adapt
itself to scientific and wholly just
administration Of the law.
Il am not unmindful of the con-
stitutional difficulties. These can
be met by giving authority to the
chief executive, who could proclaim
additional duties to meet conditions
which the congress may designate.
The grant of authority to proclaim
would necessarily bring the tariff
commission into new and enlarged
activities, because no executive
could discharge such a duty except
upon the information acquired and
recommendations made by this
commission. But the plan is feas-
ible and the proper functioning Of
the board would give us a better
administration of a defined policy
than ever can be made possible by
tariff duties prescribed without
fiexibility."
Wants Honest Application.
By the phrase administration
of a defined policy" the president
means in his own case a protection
ist policy. The evils of tariff law
are not usually one of principle,
but the application of principle.
1t is more often a question of
whether the protection is for the
manufacturer or the consumer and
whether the protection if it is for
the manufacturer is sufficient to
keep out foreign competition with
out raising the prices too high for
the American consumer. AS costs
of production and labor conditions
fluctuate, the statistics on which
congress levies its duties also
change. Mr.. Harding wants the
protectionist policy applied honest
ly. He believes a tariff commits
sion could constantly furnish the
data and the chief executive could
thus change the duties from time
to time to conform to the fluctua-
tons in economic conditions
throughout the country.
Many OF the Republicans who are
to vote for the pending tariff bill
will do SO with a lukewarm feel
ing. They know the bill will cause
dissatisfaction later on. They
would welcome. therefore. some
corrective machinery which would
in itself, constitute an assurance
against the bad working of the
pending measure. Congress would
always be able to revoke the power
given the executive, ii it wera
abused. The saving Of time and
trouble for members OF congress, I,
I s realized. would be a big advan.
tage. Aside from that, however, thu
president is confident 1t would S,bt
better for the codntry-both fol
the manufacturers and consumer
LII they could be sure Of q square
IDEAL at all times BY q body Of ex'
tpsrts responsible to the executive
alone and not particular constit'
luencies with naturally biased view
points.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-07-07
Weather Forecast

Illinois: Generally fair tonight
and Saturday; cooler tonight.
Indiana: Unsettled with probably
thundershowers in east and south
portions this afternoon or tonight;
cooler tonight; Saturday generally
fair, cooler in southeast portion.
Wisconsin: Fair tonight and Sat-
urday; cooler in east portion to-
night, rising temperature Saturday
afternoon.
Iowa: Fair tonight and Saturday;
rising temperature Saturday and in
extreme west portion tonight.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-07-07
Peoria Cash Grain.

Peoria, ILL.,, July 7.-Cc.n re-
ceipts, SO cars unchanged; No.
yellow. 62h@63kc; No. 3 yellow.
62063c; No. 4 yellow, 611ac; No.
5 yellow, Gle. !
Oats receipts, Is carr; unchang-
ed; No. . white. s7h041c; No. 5
white, S5k 037Ac; No. 1 white,
34Ac.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-07-07
Liberty Bonds
kansas CITY Cash Grain

Kansas City, Mo-, July Cash
wheat: No. 2 hard, 1.07h@1.3S; No.
2 red, 1.06@1.15.
Corn: No. white, 5Sk@59c;
No. 3 yellow, 621zc.
Oats: No. 2 white, 39c; No.
mixed, 37@3Sc.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-07-07
Chicago Produce.

Chicago, July Butter, lower;
creamery extras 35; firsts 1904;
seconds 30031; standards 35A.
Eggs. unchanged; receipts 49,
TO cases.
Poultry, alive, higher; fowls "a;
broilers 26036; ROSTERS 14h.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-07-07
Flour.

Minneapolis. Mimi, July ~
Flour, unchanged to 15c lower;
family patents quoted at 7:75@S.15
q barrel.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-07-07
Toledo Seed.

Toledo. Ohio, July Glover seed
prime cash. 1900: October. 1850:
December, 1880; timothy. cash,
ESQ; September. 500; October.
2.4k
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-07-07

Peoria Livestock
Peoria. ILL.,, July Hog receipts,
1900; steady to strong: top, 1880;
lights, 1050@10.SO; mediums. 1915
@10.S0; heavies; 1O.25@ 1860;
packers, S.S5@9.25.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-07-07
Local Stocks

(QuOta&iens furnished by A. G. Cochrnne
Co., 800 Rest Bldg.)
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-07-07
BRADON HEADS VETS,

hinneapolis-Jack Bradon Of
~ York was elected national
/, ulfman OF the World War Vet
erahs.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-07-07

Silver. Is
New York, July 7.-Foreign bar
silver, TN; Mexican dillars. 54As.
The Birmingham age-herald., 1922-09-02
Bomb Hurled at
 Southern Railway
 Office m Gadsden

Gadsden, September Addition al guards were thrown about the shops of the Southern railway here today as a result of an attempt last night to bomb a two-story office building within tho shop enclosure. A dynamite bomb hurled from a shadow on the opposite side of tho street struck the building and shat tered windows in the neighborhood, according to authorities.
 After striking the building the bomb fell to the sidewalk, tearing out a hole in the earth. Guards opened fire on men seen behind Q billboard, firing about 40 shots.
 At q meeting today of striking shopmen, the bomb throwing was condemned by resolution and au- thorities were promised the aid of former employees of the road in an effort to run down tho bomb throw CTS. Additional men were said to have been added to the shop force today.
The Birmingham age-herald., 1922-09-02

Bessemer. September 1.--(Special) Ressemer Civic Improvement League is planning an extensive program of Improvements for the streets and parkways and public places in the city including the City park. which were outlined Friday afternoon at 8 meeting held at the library.
 Representatives from the various civic clubs were invited to be pres ent at the meeting to offer sugges- tions as to the most effective land scaping to be applied to the park days down the center of the paved streets.
 pr. R. P. McTyeiro. nominee for mayor of the city. was present and made a short talk, and A. F. Aus man. secretary of the Bessemer Chamber of Commerce.. and J. W. Brooks. who will be president of the city council, both made talks along civic lines.
 It was decided that before de- finite decision was made that fur ther conferences would be held be- tween the various committees from the clubs of the city. Mrs. John Neal of the Civic club, who presided at the meeting, announced that an- other meeting would be held at an early date.
The Birmingham age-herald., 1922-09-02
ALABAMA COTTON ABOVE AVERAGE l
However, Dry Weather and Drouth Cut Estimate to
 826,OOO Bales

Mobile, September 1,-Alabama's cotton crop shows condition which is 3 per cent better than the gem eral condition of the crop in the cot 1. ton belt of the south, according to n summary made public today by F. M. Gist, agricultural statistician,
 The report of the state indicates A prospective yield of S26,0o0 bales compared with a prospective yield 7 of S32,000 bales a month ago. The falling off in the prospect is due to the drouth and increased activity of boil weevil during the month. The prospective yield of S26,oo0 bales a Is 43 per cent more than tho total yield of last year. It was reported that 4.10 of one per cent was re- ported as having been abandoned from the acreage growing on June 25. between that date and August 25' the amount abandoned being about IF 900 acres and leaving 2,9S3,000 acres subject to harvest.
 BUILDS CONCRETE DAM
 Gadsden. September 1.--J. N. Will Hams has just completed concrete
The Birmingham age-herald., 1922-09-02
PROGRAM, W IA 6
Matthews Electric Supply Company
 SEPTEMBER g.. 1922, P. M.

Opening announcements and tun- ing in.
 Baseball results.
 Fox Trots. ta) Tn my heart, on my mind, all day long" (b) Lone some Mama Blues." Co 'Black Eyed Blues played by Harmony Five Orchestra" consisting of tho follow ing artists: z. T. Hutto, pianist i; Frank Korniker, saxaphone; Rex Sul- livan, banjo; Roy Perry, drums; A D. Brown, saxaphone.
 Saxaphone Solo, "Saxena." Mir. Preston Matthews, accompanied by Miss Marion White.
 Waltzes, (a) T Love You Truly" (b) "Buddah Smiles" by Harmony Five"
 saxaphons Solo. "Ths Flower Song, Mir. Preston Matthews, &C., companied by Miss Marion White.
 Piano Solo. selected. Miss Marion White.
 Fox Trots. (a) Don't Send Me Posies," (b) Kiss Mama, Kiss Papa" :" Co Virginia Blues" (d) Home. Sweet Home," Harmony Five"
 Dinosaur footprints, made millions of years ago. have been found in recently.
The Birmingham age-herald., 1922-09-02
BUILDING nooMING

Selma, August 31.--( J. Building in Selma during tho month of August took a sudden boom. Fourteen building permits were is- sued during the last sI days, several being large contracts for new homes, and Improvements. One of the larg- est was permit for q new home on the Weaver estate in this city.
The Birmingham age-herald., 1922-09-02
SWALLOWS POISON Ticket Agent in Critical Condition
 After Taking Poison

Huntsville, September 1.-(Special.) ) Leslie Holloway, ticket agent for the Nashville. Chattanooga and St. Louis railway. is at the City hospital in a critical condition suffering from the effect of a big dose of iodine which he swallowed today. He is not sx. Eected 10 die.
The Birmingham age-herald., 1922-09-02
SCHOOLS OPEN.

Athens. September 1.-(speciaD.- The schools of the city have begun
 to open for the fall term, those a1- ready opened are the agricultural school and Miss Smiths preparatory school for children.
The Birmingham age-herald., 1922-09-02

dam at the Rogers mill on Canoe creek to take the place of the old wooden dam washed away In the early spring by high waters. The dam is 120 feet long and IF feet high and will furnish power to oper- ate the grist mill on Canoe creek, which has been idle for the past six months
The Birmingham age-herald., 1922-09-02

was assisted in entertaining by Mrs. S. NJ Denton, Mrs. J. D. Tyler and Mrs. C. E. Holley.
 It was decided by the members that they would entertain at social meeting once q month at the homes of the various church members.
The Birmingham age-herald., 1922-09-02
CONDUCT FARM TOUR.

Athens, September IF Especially .-- The booster tour of the farm bureau of Limestone has been conducted this week, the tour taking in sev- eral counties in Tennessee. The boosters were headed by County De- montration Agent Fred Stewart.
The Birmingham age-herald., 1922-09-02
EN SI.EY Mrs. Harold Mandy
 Correspondent Phone Ensley 4o6-W Residence 240o Avo. H
 Circulation sosM 18th St, Room
sosNs 18th St, Room 4

The condition of Jewell Ray. who was injured Thursday afternoon when a Birmingham Southern engine in which he was riding. split switch and turned over, was somewhat bet ter last night.
 The accident happened near Thirty fourth street on the Birmingham Southern tracks. It Is said that the engine had passed the switch but the tank split the switch and jumped the track which caused the engine to turn over on the left side.
 Ray, who was fireman on the en- zine, was unable to escape and his right leg was broken and badly mashed He was carried to the Ten nessee company's hospital at Fair field where he was reported last night to be resting comfortably.
The Birmingham age-herald., 1922-09-02
BESSEMER

The Age-Hernld maintains special rep- resentatives in Bessemcr for handling correspondence, advertising and sub-s scriptions. Mrs. L. D. McCollum, ccrrs- spondent, receives news items; phone Bessemer 1072. Eugene Southwfek, 323 16 N. 10th St., Room No. 6, Cir- culRtion Manaxe