davidaulloa/AmericanStories huggingface dataset:
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-20
Curb Market
By WILLIAM G. HEFFERNAN.
Downright, 1927

new xOrK, Oct. Iu.-O1I SndrcS
attracted more attention than any
other group during the first half.
of today's session on the curb ex-
change. Later on the low priced
coppers we're also taken up. In
both issues the upward movement
was sympathetic with that in the
related stocks on the big board.
The feature of the trading, how
ever, was the spectacular jump of
over four points between sales in
Hayes Wheel, followed by a still
further advance carrying the stock
to a new high. Some time ago,
Hayes Wheel closed contract
with the Durant Motor company
and 43 Of the subsidiaries to supply
wheels for their entire output. Au-
gust was the best month of the
year in point of earnings.
Standard Oil issues today recov-
cred their losses of Thursday dur
ing the early trading but later they
quieted down and eased off. hide
pendent Oils followed a similar
course with New England Fuel Oil
Aha leader.
The rise in Hayes Wheel stimu-
lated the buying for while in
some OF the motor stocks, but other
members OF the group were affect
ed by the decline In the same class
of shares on the stock exchange.
Stutz at one time was point high
er; and Continental Motors decided
ly more active at somewhat better
prices, but later in the day the
whole group felt the effect of ac-
tive selling, in Durant common
and Packard Motors.
In the mining department Ohio
Copper moved up to new high for
the eyar while candelaria Silver
was active and firm.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-20
(Dy CsAsalidatsd rvess.l

U. 8. .stoclyards. Chicago. Oct
fo,FWhlle demand fcs livestock
ras not active today, Mt there Vas
littls change in vslas. ~ seaa
steers were offered. pig killers had
ehaHt thrae hppdred forwarded from
ethet tF8AtnS points, whil( 1000
lambs also arrived TO packers dur
ing the day. Sellers had nearly
1900 heGs hslA oyeT from yssteF-
AZ and this hurt tn trade. Total
receiDts tor tn 4eAks shoy de-
eraase In al branches q the trade
compared With . weak ago.
Receipts te4SE VsEe Estimated at
l.e00 csttle, ie,ao1 hogs. 1900
sheep and l,eee calves.
CAT44l, =
6taaldy values we're obtained for
cattle durilg the dAy. Two head Of
prime steers made 1850 with 1900
pound l0sds Of 13,25. Medium
grades Of stock sold more or less
slowly but values we're not chang
ed. Gamers and other cows also
sold steady With . weak tone in
the market for bulls at the close.
Choice veal calves went at 1880
ll.60 on . coed and steady market.
HOGS.
Trading was little slow from
the start. Big killers were out
with weak bids but sales were made
at generally steady values compar-
ed with the average OF the day be-
fore. This was somewhat lower
than early that day. The trade was
slow later in the day with values
steady to loo lover. The top OF
the market vas $50. while rough
packers wspt ct 7.50@8.00. Pigs
yere steady. good let's going at 900
SHEEP.
Choice native lambs were strong.
Some OF the best went to city
butchers at 1850 for the weeks
high point, while others sold al
14.00914.16. Prime westerns were
also placed Ut 1850 with feeders
at labs. 4 small supply Of aged
buttons went 1t steady price level
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-20

New York, Oct. 20.-Ths activity
Of trading and the upward trend Of
prices continued today In the mar
ket for common cloths. Wide print
cloths were strong at prevailing
figures with considerable demand
in evidence from the south and
west. Sheetings we're active and
firm and drills showed . tendency
to move upward under good de-
mand. Pocketing twills we're ac-
tive and patama checks for future
delivery were strong.
: The raw silk market here rshect-
ed the extremely active trading In
Yokohama and the advance there
OF 30 Yen per bale on most grades.
In this market X x A 1915 touched
$3.50; best No. ! X was at $685.;
Kansai No. at $3.50 and Canton
14-16 at $780,
WOOL.
Rasten, OCT. 29.-The local wac!
market approached the week end
wit hno dimunition Of trading or
,slackening OF prices. Unwashed
woods have advanced about l cent
q pound In the last few days. Ohio
fine unwashsd nelsine is ranging
between IS and Csc . pound, with
offerings scarce. U9washed CLOTH
ing and thres-eights blood comb
ing are firm at SO cents, while half
Hoods are 50 bid with little wool
offered.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-20
Street Features
\ s4 70.
CARERS No sEFlR

Possibly It Wis part Of the mar
ket psychology when resqming OPP
erations for the rise after a. break;
like Thursdays, to select the cop
psrs among the leaders because
they were something new. But at
all events buying Of these stocks
had in view that, while most of the
American companies lost money
during the first nine months Of the
year they were now running ahead,
even With the metal at lac. The
advance in copper prices which, has
SO often been predicted has been
held In check by the food Of low
cost, South American metal, which
has been coming on the market.
Nevertheless, the statistical posi-
ton IS constantly improving, con-
sumption is outrunning production
and the surplus is diminishing.
PACIFIC on.
The street had known at the
close Thursday that Pacific Oil di-
rectOrs Wera to uaeet soon after 8
O'Clock. and while this WAS not the
regular dividend u,eeting the rpm0r
was that the rate would b either
reduced or pessed. Whea nothing
Of the sort happened there was .
rush this morning to cover shont
contracts which lifted the nrn1
nearly 8 points on tia Arst few
sales. The rally went further later
on. Denial Of the reports that the
company needed money for dsVel-
opment work and would have to do
something in the way of new a.
nancing had . reassuring effect as
did the reelection Of the same Of
ficials. =
BALTIMORE AND OHIll-
The feeling in certain quarters re-
garding resumption OF diyiden As on
B. & o. this year ID that such ,lction
will be taken to keep its b6ads
legal investments In New Yo,ik. As
q large holder Of Beading stocks
the shares of the road would nat
urally be expected to show the
same improvement - shown by
Reading. Baltimore earnings, hog
ever. probably greatly anactsd BY
the coal and shop strike.
AMERICAN 6AfRM RAZOR
The action Of American Safety
Razor shares II simply rehecting
the better business Of the company
and the prospect that this. business
will continue during 1893.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-20
COURT
LAW DlsllxH
BY EMPLOYERS
tcontspned fron Fsrst Pasey

=
Production Or transportation or to
affect prices for the purpose Of
avoiding any of the pros.sions Of
1his acE but any person, firm or
corporation 50 engaged may apply
to said court of industrial relations
for authority to limit or cease OPP
ferations. stating the reasons there
for and said court. Of Industrial re-
lations shali hear said application
promptly and II said applicant
shall he found to be in goai faith
and meritorious, authority to limit
or cease operation shall be grant
ed
Give Sweeping Powers.
The foregoing gives the state
sweeping powers over essential in
dustries. The theory back Of the
law IL that it is necessary for the
pnblic gelfare. The supreme court
OF Kansas in q recent decision
points out. however. that no firm
lis compelled to operate its plant
ct loss, nor is it prohibited from
changing it2 business, nor from
quitting the business II it desires
to do either Of the things in good
faith, mot intending thereby to vio-
late any provision Of the act"
In other words. the employee
es the right to quit work just as
an emplcge has. But no employer
can c0nspire with another to liruf1
production nor can he plot alone
to affect prices by shutting down
his plant and limiting production.
Many employers who are fight
ing the Kansas law fear this pro-
vision. They are afraid, as Cover
nor Allen. nays. that such a law
Knight limit their profits and that
Drofiteering by limitation or sus-
ipension OF production will be pun
ished. The state of Kansas Is seek
ing to prevent the labor leaders
from abusing the monopoly they
have on the collective use Of Or
ganizedl workmen and to enjoin
employers from abusing the free
dom Of contract\ which they have
enjoyed in bargaining for labor
both when the public welfare is
threatened. -
Keep Down Coal Price.
OF far reaching importance, too,
Is the states power to take over
any essential industry and operate
it. Thus far this has not been nee
essary except in coal mining. This
year the state Of Kansas by virtue
Of the power it has over employers,
succeeded In getting from the coal
operators the assurance that the
price Of coal would not be IN
! creased over the price Of 1921.
1 The few cases that have been APP
Lpealed BY employers will furnish
10 test OF the future of the law.
The argument is to be made in the
supreme court of the United States,
Tor example, that no state can
force any concern to pay wages
which it does not wish to pay. The
tcontention is that this takes prop
1 erty from an individual without
due process Of the law and is con-
trary to the federal constitution.
But the state Of Kansas is pre-
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-20

- Fas< = = r. = 3I &
pairing = - ~ - ~
The decision a - 500 ~ ~
court 1pl4 ~ II
r1ilroaae kHFe hong belh Sll ~
regghtian AAd forqaf - aecnN
oer,nip sc |laap ~ - I'D re.
csnSv ~ pl 60 Hpheld
The coastakusiasa2y q rs trans-
portation act which gave The uujt-
ed States labor board the poWer -
ox RAgee and Noe1n1Ng ao4116lpoE
CaAE .Ahnae &b1sG
Employees DO nQt Me- the ~
stfictive features d the Kansas
law but here again II the pcuor 10
ahused y will - rpaoked ~ -
people int - wNnh b IL CO.
Il labor Nare injured ~ he ruk
ings Of . one odd ,eoNrt.
The public - . MA0le. ~ ~hoqe
the law Eas pvt an 4hs AefpA
book regard II - q etap - ~
right direction. WhAthAr 4 ann8
be amended Is Ahe AxpeFiuent d.
velops. whsther too much poveg
has been granted che AtAtp or &Qp
little. xshether che parsopnA Of ~
court car be ma.ntAtnsd q . Ngh
standard all this ~iM Aep4n1
upon the axperdance Il The nA3
few years. But broadly speAkink
the law is popular With the major
ity and the effect on other statso
has already been apparent.
It's Working IN Kaasas.
When monopolies became burH
densome, the law Of corporations
and trusts came into being. Wheo
labor and capital begin conspirlng
to affect prices and the supply e
necessities. the state steps in ana
regulates. That's what Kansas
has done and one Of her sons. Rep
resentative HOch, has introduced =
bill providing for q federal court
along the same lines. Various
states are taking 1t up. But state
protection Of the public In lator
controversies is a fact in Kansas
and 1t is effective besides. y
(Tomorrow's dispatch will deal
with the political situation in Me-
braska.) 6
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-20
Liue Stock
Chicago Livestock.

Chicago, Oct. 20.-Cattle receipts.
5000; beef steers and she-stock,
fully steady; top beef steers. 1925;
bulk short fed and warmed-up kinds
of quality and condition to sell at
s.500l1.76; bulls, slow, weak; veal
calves opened about steady; tend
ing lower; stockers and feeders
about steady; practically no west
ern grassers offered; bulk bologna
bulls, 7.8004.26; bulk yaal cows
snd heifers, 4.6e@7.25; bulk desir-
able veal calves around ll.5e 70
packers.
Hog receipts, 1890; early mar
ket steady to 10c lower; bulk 100
to 300 pound averages, 9.30@9.45;
good and choice 40 to 275 pound
butchers, 9.5009.eo; top, $50; bulk
packing sows, 7.e0@E60; desirable
pigs, strong; nasty Gas; heavy.
8.SD@9,60; medjum. s.200s.e0; light
9.a0@9.45; light lights. s.15@9.z5;
packing sows, smooth, S.00Q8.55;
packing sows, rough, 7.5068.10;
killing pigs, 9.00@9.25.
Sheep reesipts, $1,000; sat native
lambs opening steady to strong.
with general trade at Thursdays
figures; fat westerns, steady; early
top natives, AGO to city butchers;
1850 to packers. choice Idaho
lambs. 1860; other westerns to
killers. 14.55@14.40; two decks So
pound clipped lambs, 1850; fat
western yearlings. 1850; averaging
so pounds; feeding lambs and sheep
around steady; 54-poupd Nevada
feeding lambs, 14.25; heavy fat
ewes, A6905.6o lighter weight up
ward to TOO.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-20
Chicago Potatoes.

Chicago. Oct 30.-Potatoes about
steady on whites: firm on EARLY
Ohios; receipts. SO cars; total Unit
ed States shipments, 1880 cars:
Wisconsin, sacked and bulk. round
whites, .90@1.00 cwt; Minnes"tas
sacked, Red River Ohios. u. 8. No.
/, 1.1501.20 cwt; ditto, bulk, 1.200-
LBS cwt; Minnesota sacked, round,
whites, No. l, 80095c cwt; North
Dakota, sacked, Red river Ohios.
No. 1, 1.15@1.20 cwt; South Da-
kota, sacked. round whites. No. l.
8O090c cwt; South Dakota, bulk.
Early Ohios, u. 8. No. /. LOO cwt. !.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-20
Peoria Livestock.

sesla, ILL.,, Oct. ae.-Hbg receipts
asedy to strong; top, s.s6;
s7bG9.15; mediums, $3.50
sE hssviss. s.75Qs.so; packers,
A receipts, light; steady;
49, weaker; top on veals, ESQ.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-20

Ex-djyiAsnd today: Brown Shoe
preferred tl.7S; Fisher Bedy COM
mon $50, preferred S1.7k; Gimbel
Brothers preferred 1k per cent;
Kelsey Wheel preferred sl.7s; $.
H. Kress common, ! per cent:
Philip Jones preferred IN; Postum
Cereal commok S1.25, prefsrred 81;
General Cigar common tl.5o.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-20
Chicago Produce.

Chicago, Oct. 20.-Butter. uns
changed. s
Eggs, higher: receipts. 4,S1e
cases; firsts, 31Q37c; ordinary
firsts. 28@30c: miscellaneous. 500
Csc; refrigerator extras. 2611c; re-
frigerator firsts, &c.
Poultry, alive, lower; fowls. 40
21c; turkeys. Soc; springs. 1S1hc;
ROSTERS, lac.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-20

The Pullman company and Proc
tor and Gamble today declared the
usual quarterly dividends payable
Nov. Is to stock holders Of rec
ord Oct. Is. .
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-20

e srUART ?. WEST.

4& VI N1UA
York, Oct 2os-In none Of
seksts today VAS the pr q
- ssrticuiarly stgpiAtsct.
& &eht uneasiness had been
.. ffsfsdsy regarding the res
~ 81 the British cabinet and
snee Of British politics SEEM
~ disappeared.
events UAited Kingdom
y covered, the advance in
u chsnge Was Tesumed and
s, T y security market itself
spss in the German mark
carrying the rate down
3X ae-hundredths Of 9 cspt.
Ss logically enough on the
issIs = the latest Retchs hepk
21,a6ot showing oil previous
ri records Of paper money In
fioe eelipssd. For the week end
a aepk 70 the circulation item
- 1j0oo 600, 900 marks, the next
~ E,06O 900 900 and the last
~ ovss $4,000, 900, 900. No COM
Sf 4 called for ON such . sh0v-
- except that it will undoubtsd-,
mphasixe the demand for su-
sviSion Of German finance by the
Lions interested In reparati0ns
vnspt;
/ n stock market, still Wholly in
hafds of the professionals,
- through another day Of shift
| sentiment and rapidly chang
y prices, At the Ouset thsre was
IsSuod deal of hasty buying hack
I ouatracts for the decline put out
IfksfJdsy. This demand sufiiced to
!Ihg about . rally Of Q ppint to
In points In some Of the oil ana
IsAss Industrial specialties, which
II been 20 weak the preyiaus day.
l y while, too, attention was d.
IItssd to the railway list. The sug-
ofton Of the new Reading segre-
kipa plan which would be agrees.
~ to all parties led to actiye
uing Of Reading stock. and the
1nfss Of Other coal roads wera
alphabetically strong. Belief thai
Z interstate commerce eommis-
Ia would approve the proposed
lEthwsstern railway merger
Itbeeby undoing the Northern 80.
critics dissolution decree OF . de.
lie Sgo-was expressed in Z mod.
ate rise In the stocks concerned
But the demonstration IN the reils
vss short-lived. and 30 was Q littls
wing wave in the c0ppers. There
~ still considerable part,
cong the trading contingent,
hich felt that recent manipula
ms in the high priced Industrial,
Ned upon stock dividend talk hal
IN overdone and had weakened
y market position generally.
Acting upon this view, the motol
sch were sharply attacked q,
y afternoon began and Studeba
y, Chandler and the Pierce Ar
10 of driven dow sharply. I'm
\ the selling the whole marke
aeted. losing , greater part o
carly recovery.
n: Thursdays curious uprusi
hAs Liberty 3H per cents had nc
QiAeAuce was made clear by til,
euel today. The bonds came
Awn . fast ~ they had gone up
Wing almost back to 101 4.
linst 1903 the preceding day
laiors differed as to Just wha
Wped the sudden Jump, but tn,
- view was that 1t vas due d
- placing Of some large buyinl
lEegsy by investment institutions
~. hat as soon as these order,
heen filled this price slipped
- again.
- drive against the motors ami
wing stocks had only . temper
eject and In the lats hou
m turned upward again viii
eAer sensational rise In th,
9teap Oils with concerted buy
u Reading which drove til,
3 pest its former high Of tn,
sE6 ~ with . new high also foI
e Dsoducts.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-20

The Virginia Iron Coal-Coke
company showed pet earnings OF
S28S,799 for the nine months end
ing Sept. 3.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-20
Liberty Bonds
Peoria Cash Grain,

Peoria. ILL.,, Oct. 20.--Corn re-
ceipts, So cars; unchanged to &c
lower; No. 2 yellow, TIA 973hc;
No, 8 yellow, 7eG7ihc; No. vel
low, 701a @71c; No. 5 yellow, 6S1A
07eAc; Ne. yellow. 7o1ac; No. 2
mixed. 7sAe; No. 3 mixed. Tic.
Oats receipts, cars; steady; No.
| white, 45lac; No. 2 white. 45c.
Wheat receipts, 6 cars,
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-20
Silver.

New York, Oct. 20.-Foreign bar
silver, .66%; Mexican dollars, 81.
=
All the news all the tIme-Ths
Argus
, 1922-10-17
4 Day's Record.

NEW YORK rejolceu over the fact that a single
~ day, passed upon which no mortal accident
was recorded. True fourteen minor accidents
occurred, among which the most serious was a
fractured hip. This refers strictly 70 automo.
bile mishaps and is regarded in the metropolis
as a wonderful day for Lady Luck. She wore a
necklace of horseshoes and carried a vanity case
of graveyard rabbits feet.
The result was due in part TO a vigorous cam.
paign for safety, but it simply demonstrates
what can be accomplished If the effort is put be.
hind a movement for the public good.
New York awakened to a realization of the
awful toll of her population taken by the careless.
ness of her automobile drivers and demanded a
serious consideration of the matter on the part of
those who drove cars. The result was a day of no
fatalities.
What New York did other centers can do, and
the good work can be extended to the towns, viii
lagos and country highways, not emitting grade
crossings.
There is positively no sense in sacrificing val
liable human life TO pure carelessness. and that is
the underlying cause of a very high percentage
of this class of accidents.
Casper need not lag behind in a movement Ia
conserve human life and can we'll afford to take
a more leading part in such effort. Not only III
street traffic, but throughout Industrial plants
and in oil field operations. on railroads and else
where should the lessons of safety and caution be
driven homo.
, 1922-10-17
Botulism Easy to Avoid

Within the past ear & very old oil
ment with a comparatively new name
has been brought into public notice.
The history OF the food poisoning ha-
ciilus and the ptornaine which produce
the ailment Of botuiism probaby an
tedates the period OF written history.
The ,Acliius. the ptomaine and the
disease Produced sesm to be c~ontcnhpo.
rary With the curing OF meats. The
name aliantiasis was formerly EN-
ployed TO designate this particular
form of food poisoning. Both terms,
one from a Latin. the other from n
Greek wor meaning sausage. have
precisely the same meaning.
A toxic substance, apparently
one OF those bearing the name OF
ptomaines. is formed by the bacillus
of botuiism. That the substance is
highly poisonous is evident. hut the
as deadly a prussic| acid Is sheer non
sense. That botulispa has resulted
from eating uncooked sausage is true
without doubt; but cases OF this origin
in the United States are YER, rare.
Almost all of them have been derived
from canned Or potted meats which
hoNo oeeu eApOseu 10 ms HIT IOr n
dsy or more.
In a few instances Improperly cured
ham has been reported as the source.
The bacillus OF botulism is destroyed
by heat a little below the boiling point
OF water. 1t Is spore bearing and tho
spores may remain potent for a long
time. As a matter of preventing
heating TO the boiling point several
times is necessary for complete ster.
ilization in cases in which the pres.
ence OF the bacillus is suspected.
Census mortality statistics OF 1920
enumerste 9S7 deaths from various
forms OF food poisoning for hat year.
but botulism Is not mentioned among
them. a distinguished pathoiosist mas
been quoted to the effect that OF ap.
proximately 15e recorded cases in the
United States, covering a period OF
more than twenty years, there were
Ill deaths. Granted that the number
is small. 1t Is by no means ipconse.
quential; because with the exercise OF
sufficient are a considerable number
of the cases might have been prevent.
ed. and prevention rather thar cure is
the proper thing tosbe sought. But In
a country of more than one hundred
million people neither the total mum.
her Of cases nor the ratio of deaths
, 1922-10-17
Be Guided by Experience.

DAVIS of the Department of Labor
~ is dissatisfied with the railroad labor board
and has no h~esitancy in expressing his opinion
with reference TO it, and what ought to be done with
It In an address in the heart of the Hooking
Valley coal region in Ohio, he advocated the abb
lition of the board and referred to II as a Quasi.
governmental, partisan institution. That such of
the mediation and conciliation functions of the
board as the government might desire 10 continue
should be brought back TO the Department OF
Labor, where such undertakings more properly
belong. The secretary is of the opinion and firm
ly so, that the railroad labor board has demon.
strated its incapsbility of fulfilling the high hopes
of those who proposed and supported It as a
means Of industrial peace on railroads; and some
other and better system of settling railroad labor
disputes should be adopted to leave EMPLOYERS and
employees TO thresh out their difference free from
the hope or fear that the meddling quasiofficials
would interfere or cast their little influence in the
balance in favor of the one side or the other.
Retention of the board, so far has proved only
an intensifying influence in increasing the number
of disputes and in delaying their settlement.
Those familiar with the long drawn out tram
portation row will readily agree with s~ecretar~
Davis that the labor board has not proved a pop.
ular institution. II is too much government in
business. 1t is too involved and intricate a. con.
Germ to function in plain and simple fashion. It's
power and authority has always been questioned
and such as IL possesses has not been acceptable
to the labor interests it is designed to serve,
The inclination of the Harding administration
is today, and always has been, TO divorce the gov.
eminent from business, except in matters in which
it could be properly useful and of benefit in n
general way.
The transportation act is far from perfection
as a law and as a consequence far from perfection
in its application, and it is presumed since a csoi.
net member has been so outspoken about il that
the administration will make some move in the
next congress toward curing some of the defects
the secretary points ont.
In the light of the experience OF the past year
there should be ample evidence AT hand TO go a
long way toward establishing greater fairness.
greater equity, greater friendship and a better
working basis for those who work and those who
employ in any amendments TO the law that may be
framed.