davidaulloa/AmericanStories huggingface dataset:
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-16
LIBERTY FOUR
And QUARTERS
MAKE new HIGH
BIZ STUART ]. WEST.

wall Street, New York, June 16.
AS has been fully expected at the
s,ose of business Thursday, the
stocs market was subjected to a
tnrther test of its ability. to with
sIand selling pressure. Profess
sionals. as always the case after so
sudden and violent a decline, we're
sItogether pe5simistic and inclined
"a further ventures on the side of
liver prices. 1t was fact also
fhat the ten days during which
ne market had been going down
was not a long enough space TO al
Inv a proper readjustmeat of a
apeculatiye positioA which has been
stea6ily expanding for four months.
A large amount of the delayed liq-
uidatfon remained after the first
great break Monday. 1t was this
secondary selling wave which bore
the market down on Thursday and
lapped over into the session today.
!. The downward movement was
not checked until the leaders of the
Industrial list were down another
tvo points all around and
a large part OF the market was be-
low the lowest of Monday II was
significant, that the trouble lay
wholly in a previous over specula-
ZION. bat investments securities
we're not affected at all. On the
contrary the upward tendency con-
tinued, especially in governm ent
bonds, with the Liberty first Az S
at a new high and other members
OF The United States War loan
group well up to their best, and
the United Kingdom bonds higher
than they have sold in the last
week or more. French bonds were
not as sensitive as they had been
on other occasions to. the weakness
ID French exchange, which was
again very pronounced. Rates got
down again to their lowest of last
tuesday, but other Exchanges in
ending lire and sterling, were only
moderately affected. II is now evil
dent that the market for French
Exchange is beginning TO take more
seriOusly the statements made by
German financiers that the July
i1stallment of reparations is un-
certain and that the substantial
MuLL uly 4uOId 10 uluCA luOi o uuDl-
GUS still.
The money market felt the ef-
feet of the distribution of the Lib
erty bond interest and the supply
Of funds available at per cent on
call loans was more abundant In
none of the markets was there any
reaction to Thursdays dropping of
in the English bank rate. The pos
sibility of this forcing the hand OF
the federal reserve authorities con-
tinued to be discussed but the ac-
ton of the latter is far less cor
I rect than it was last winter and
. spring. The thought is that the
general money market anticipated
hng ago in its prevailing level of
quotations any reductions likely to
occur in official rediscount rates.
j Railway stocks went down with
the industrials during the early de-
\ cline but in a more moderate way.
4 There was certainly no sign of I'M
4 easiness over the statements of the
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-16
LiUe Stock
Chicago Livestock.

Chicago, June 16-Cattle receipts,
1000: beef steers. better grades,
she-stock and Gamers, steady,
bulls. inbetween grades, she-stocy,
stockers and veal calves, weak to
lower quality plain early top
beef. $50; bulk beef sters, $3.50
SIS; fat she-stock mostly 5-25p
3.25: Gamers and cutters. largely
3.000 400; bologna bulls, 4-00U
AIS; veal calves, S.50@900.
Hog receipts. $4,000; market ac-
tive; mostly to 10 cents higher
than Thursdays average; top,
1880; bulk. 10.10010.75; pigs,
slow. weak; packing sows, strong
to higher; mostly 9.25G10.00;
heavyweight, 1040@10.65; medium
weight. 10a5@10.75; light weight,
light lights weights,
1875 01o.70; packing SONS, smooth,
9450l0.00; packing sows. rough,
91o69.50; killing pigs. $500
1910
Sheep receipts, 1000; market,
steady to weak; top lambs, 1850;
bulk desirable natives, 12,00Q12.25;
culls, dull, mostly 6.50@700; best
light ewes. $50; heayies to packers
around use: two-third of receipts
direct to packers.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-16
wheat BRINGS
SURPRISE BY
HIGHER START
(By Consolidated Press.)

tBy Consolidated Press
Chicago, June 1S.-Wheat start
ed sharply higher greatly to the
surprise of many, There was
heavy buying by seaboard houses
and this led to talk of big export
business having been worked. Some
in the trade, however, believed that
the buying was mostly in the way
of short covering. After the bulge
was established wheat came out on
resting orders and about mid-ses-
sion there was a complete collapse
of the market as the result of mod
crate selling and poor buying pow
er. At $1.09 for July and under the
buying power broadened and some
of the observers credited the sup
porting orders to Armour. The
market had some recovery and act
ed we'll at a small fraction below
the previous close. Crop news was
mixed but the forecast is for cooler
weather and rain in parts which
will tend to relieve the situation.
Snow said that only the spring
sprouted wheat in Kansas is show
ing injury. Mills took fair
amount of wheat but export bids
were out of line. One local Of
fered at size over July c f Buff
falo and did not lose it. Heavy
receipts had a depressing effect on
the kansas City cash market.
Corn followed the trend of wheat
with the exception that the open
ing was easier but rally followed
few minutes later Heavy selling
by local professionals forced a big
break but the market recovered
partly with wheat. Trade was slow.
Some cash business was worked
on the break. Country offerings to
arrive were more liberal and 1861
900 bushels were booked on over
night aceeptances. Number corn
sold today at 1c over July c. l. F.
Bay Ports against SIC over the cost
of replacement
Oats trade was very slow and
price followed the tEnd of other
grains. Shipping demand was good.
Crop news is coming unfavorable.
Provisions were easier on hedg-
ing by packers. Eastern interests
supported the market later.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-16
Bond Market
BY STUART p. WEST
Copyright. 1927

New York. June 16.-Transac-
tions today in Liberty bonds were
heavy at top prices with a new
high for the first Las 1orelsn
government external loans were
generally strong despite the iaii III
exchange rates. especially francs
French government securlues'
however. after their rather sharp
advance on Tuesday and THURSDAY
held steady. In recent dealings any
appreciable decline in French
francs have been accompanied Oy
lower prices for the French bonds
United Kingdom LIS were all
strong with the 1922 and 1929 loans
at their best for the current move
Belgian issues were fractlonaIIy
higher, while recessions occurred
in such bonds as the Dutch East
Indies 6s of 1863 and the Dominion
of Canada percents. The SIS OF
1862 broke below IS. Mexican as
and SIS market time pending some
further announcement from COM
mittee of international banks on
the Mexican external debt question.
A final report on the situation was
expected this afternoon. The steadl-
ness OF the Mexican loan indicated
that a favorable adjustment was
looked for. The treasury depart
ment has reported the oversub-
scription of the recent offering or
$3.50 900 government 3 ga percent
one-year certificates of indebted
ness. The offer of 4 S-S percent
one-half year notes in exchange for
Victory 4 3-4s has been held open
until June % A large number or
Victory notes have already been ex-
changed. The Bankers Trust COM
pany was the successful bidder at
1881 $40 for the $2.S60,000 five per
cent municipal improvement and
S550,0OO five percent school bonds
of the commission of public ser
vice of San Juan, Porto Rico. The
bonds are being offered publicly
A syndicate today put on sale 81
500 900 Stetson, Cutler and com
pany Z percent first mortgage 20
year sinking fund gold bonds series
A at 81 and interest, to yield about
$50 percent
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-16
Chicago Potatoes.

Chicago, June 1e. = Potatoes,
weak; receipts 20 cars; total Unit
ed States shipments, S3S cars; Lou
isiana, Arkansas, Oklahoma and
Mississippi sacked Bliss Triumphs
No. 1. 2.75@325 cwt; Alabama
sacked Bliss Triumphs 2.75@3 25
cwt; Alabama sacked Spaulding
Rose No. /, 2-25@2.5O cwt; Ala
hama sacked round whites. poorly
graded. 2.25 cwt: North Carolina
stave-barrels Irish cobbIer No. /,
5.00@5.35; poorer grade 3.75@450;
Eastern Shore Virginia Irish cob
blers, stave-barrels, No. 1, $3.50
700.
Old stock, steady; wisconsin,
Michigan sacked round whites 1.S5
92.00 cwt.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-16
LAWRENCE
FINDS ODD
c. 0. P.PL0T
Continued from First Page.l

Continued from First Page.)
son of the late Justice Barnard of
the district supreme court, Re
publican appointed by President
Mckinley.
Many "Railroaded."
Malcolm A. Coles is listed as a
Democrat He was appointed
through the influence of Senator
Shortridge, Republican of -Galifor-
mia, and had the endorsement of the
entire Republican delegation in
congress, including Senator Hiram
Johnson.
Finally there is j. G. Halls, also
listed in the document as a Demo-
crat He was formerly the private
secretary of Senate Lenroot of Wis
coEsin, Republican. These are only
cases taken at random from the list
of 100 officials whose removal is
being asked. OF the same 100, At
secured their appointments through
civil service and not through pol
itics. There has been a movement,
however, to take out the civil ser
vice men who hold important posi-
tons so as to make way for polit-
ical appointments. Commissioner
Blair of the internal revenue bu-
reau has vigorously opposed such
step but the politicians in congress
are fighting him tooth and nail.
President Harding himself was per-
suaded to ignore civil service when
he issued an executive order re
moving many officials from their
posts in the bureau of printing and
engraving. No evidence OF wrong
doing was ever found against these
men after many weeks of secret in
vestigation and the general opinion
prevails that they were rallroaded
through tactics similar to that being
used against many now listed as
Democrats
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-16
HOGS STRONGER;
CATTLE, SHEEP
MUCH WEAKER
(By Consolidated Press)

(By Consolidated Press.)
U. S. Yards, Chicago. June Ia
Continued strength marked the lo-
cal trade in hogs, lights reachine
the highest point in several weeh.
while weakness was the character
istic of both the cattle and sheep
markets ON light runs. Receipts
today we're estimated at 1000 cat
lie. $4,000 hogs, 5000 sheep aud
1000 calves.
CATTLE
Only 1000 head OF cattle arrived
today and quality of offerings was
poor Few steers were good enough
TO pass $3.50 and animals selling
above that figure were steady
while other stocks were weak. A
load of 1000 pound cattle reached
1928 and big string of yeariings
averaging $50 pounds crossed the
scales at $3.50 butchers stocks
were dull and Gamers were a shade
lower at S375@325 and cutters
were salable up to 81, but hard to
dispose of. Bulls were easier. SAYS
taking choice bOlognas, Calves
showed further weakness, pa%kers
selecting vealers at $9Q0q9.25 with
an outside top of $3.50.
HOGS.
The opening market showed the
maximum gain of Toe on medium
and heavy butchers of good quail
ity but later the market developed
along more uniform lines and prac-
teal grades, except pigs, rules 5p
lec higher. Best lights topped at
$10.S0 while the bulk of good
butchers and lights moved at Sl040
@1O.70. Packing grades were sal
able at $9.l0d1O Pigs were weak.
moving within a general range Of
$9.5o@10.40.
SHEEP.
Actual receipts of sheep exceed
ed the government estimate by
about 1000 head, but there we're
1890 southern lambs contained IN
the offerings for the day which were
forwarded direct to packers. Only
1000 were on sale in the open
market and demand was restricted,
Prices were weak and in spots, 20C
lower. Best lambs sold to packers
and small dealers at $3.50. Ewes
of handy weight brought $3.50
with others down to $3.50.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-16
DryGoods Market
BIZ STUART r. NEST
(Copyright. 19zz.I

New York, June 16.-Inquiry for
future deliveries was fairly strong
er than for spot cotton cloths in the
drygoods market today but mills
were not inclined to make large
commitments even at the slightly
higher prices offered from August
on Dealings we're in small lots in
the print cloths while sheetings
were very firm but dull. Drills
have advanced to a point where
buyers seem to have lost interest
and what business was done in sa-
teens, twills and pocketings for the
garment trades, was in small lots
Cotton ducks were firmer than for
some time.
The raw silk market continued
inactive despite the fact that prices
here maintained a level somewhat
below the quotations in Yokohama
on new silks. The stocks of old
silks here are rapidly dwindling.
WOOL.
Boston. June 16.-Irregularity in
the London wool market has not
affected prices here but trading
was somewhat lighter today as
dealers were waiting to see what
effect it would have on the attitude
of growers in the west. So far there
has been no indication of an cas-
ing OF the stand for higher prices
on the part of producers. Ameri-
cans still were buying the larger
portion of the Merino offerings in
Australia The Uruguayan season
is practically closed. Illinois woods
are reported ranging about 80 TO
40 cents a pound for quarter and
three-eighths blood with Al to 4S
cents bid for fine staple.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-16
Weather Forecast

Illinois: Generally fair tonight
and Saturday. probably preceded
by local thunder showers in north
portion this afternoon or tonight;
cooler.
Indiana: Possibly thunder show
ers this afternoon or tonight; cool
er in west prtion tonight; Saturday
generally fair and cooler.
Wisconsin: Unsettled, with prob
ably thunder showers in east and
north portions this afternoon or to-
night; Saturday fair, cooler in
southeast portion.
Missouri and Iowa: Generally
fair tonight and Saturday; some
what lower temperature tonight
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-16
Street Features
SHARP INDTYInUAL DECLINES.
BY STUART p. WEST
Copyright. 1921

The market for many OF the re-
cent speciality fayorites proved ex-
tremely narrow when the selling
movement struck il. Specialties in
these stocks had very few standing
orders on their books, for pools
support had for the moment been
Withdrawn, the managers of these
speculative syndicates figuring that
the situation had TO be cleaned up
and<tha there was no use taking
stocks of the hands of the public
at any higher prices than was nee
essary. What happened was that
selling orders put in for execution
at the market" along with stop
orders were punched together and
taken over at sharp concessions.
STEEL STOCKS.
At today's low, Midvale Steel was
off nearly Is points from its high
month ago. when Wall street OBJ
sessed by the merger craze 1t was
one of the few stocks Of which it
could be said had lost nearly three
quarters OF the entire advance since
last August, People close to Mid
vale affairs said that when the
stock was around As and the street
was talking 60 that whatever com
bination it went into the shares
would not be worth over 40 But
below 81, where they sold today.
such generalization as there had
been was certainly wiped out with
a vengeance. In no other member
of the steel group was there any
thing like such a decline
CI-CAR GTGCES
Sugar stocks went down with the
rest of the market, but their de-
cline coxld not be attributed to
conditions in the sugar trade. Gu
han American Sugar and Punta AL
legri Sugar are regarded as pecu-
liarly fortunate insofar as their
revenues from this years crop are
concerned.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-16
Curb Market
By STUART p. WEST
copyright. 1874.

CURBS. =. ...G..... =. ...-.
New York, June 16.-Selling was
resumed on the curb exchange to-
day through commission houses
and special traders. The principal
pressure was again directed against
the Standard Oil shares but the
downward movement was also very
decided in the high priced indepen-
dent oils, some of which reached
new low records for the month.
Here and there among m1Sceilane
Gus stocks there were indications
of resistance, but the general mar
ket depended for such little rallies
as it had almost entirely on short
covering by the trading element
There was almost complete alb
sence of bids at thimes in stocks
like Standard Oil of New York and
Vacuum Oil. Consequently 1t took
very little selling to bring about
unusually large losses. Imperial
Oil of Canada, Standard of Indiana
and Standard of Kentucky were all
more or less under fire. Anglo
American Oil was heavy for a time,
but later rallied on covering by
traders, who had sold yesterday on
disappointment, that the dividend
declarati ton had not been more lib
eral. Mexican Seaboard old stock
and voting trust certificates both
recovered sharply. 1t was announc-
ed that the company's production
for the week ending June 10
amounted to 774,579 barrels, COM
pared with 781,376 barrels the
week before. Kirby, Simms Petrol
cum and Mutual were all easier.
The goat is regarded as an en-
blem of impurity in Christian art.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-16

labor union executives that the bal
lot now being taken was running
heavily in favor of a strike and
that they would make no effort to
discourage it. 1t is the old ques-
ton again of the labor board rep
resenting the agency applied by
law, reaching a decision regarded
as reasonable and fair. Organized
labor refuses to accept this verdict
by representative of the govern
ment with full concurrence of the
public group in the board itself,
then it will fight against public
sentiment and strike which does
not have the popular sympathy is
historically bound to fail.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-16
Chicago Produce.

Chicago, June 16.-Butter: High
er; creamery extras, 35A; hrsts,
3oh @S4; seconds, 2s@2915; stand
ards, 35A.
Poultry: Alive, lower; fowls,
2Ih; broilers, S3@40; ROSTERS,
IA.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-16
SET TRIAL LIST
( OF CIVIL CASES
viii Be Heard After Disposition of
Assault and Battery
Charges.

Civil cases will be before the cir
cult court next week, following the
disposition of the assault and bat
terry cases against Roy and Edith
Ouderkirk, trial of which is sched-
uled Monday.
The following trial list of civil
cases is announced:
Mabel Bernice Hayes VS.. Howard
Robert Hayes.
Minnie R. Campbell VS.. William
R. Campbell.
H. Tremann's Sons Co. VS.. Gus
tave BIankenburg, ct al.
Daniel P. Tice VS.. Hattie E. Tice.
Charles Petit VS.. EdTard Sid
linger.
Frank Perkins.
Thomas P. Sinnett VS.. Federal
Savings & Insurance Co.
Manufacturers State Bank VS..
Joseph H. Young.
Mary H. Chambers VS.. William I.
Chambers.
Charles Petit VS.. Clifford Hamil-
ton.
Bert Newton VS.. Illinois Oil Co.
Morris Welsh VS.. Martha Hughey.
ct al.
William H. Deters VS.. Otto c.
Seidlitz. ct al.
James EIlingsworth VS.. Rock Is
land Lines, ct al.
Bert Vogel VS.. Ed. Reed.
Miss Emile Tesche VS., William
]. Gahagen.
Charles A. Wood VS.. John Bed
ford, ct al.
Thomas C. Hamlin and Earl
Hamlin VS.. Henry Wynes.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-16

The first electric train on an Ital-
ian railroad, 165 miles long, the
longest single electrifcation in Eu
rope, was recently run successfully.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-16

Fourteen descendants of the last
Inca of Peru have presented me-
mortal to President Leguia,/ plead
ing for protection of their race.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-16
Local Stocks

{ ouotattons furnished by A G. Cochraoe
Co.. 500 Best Bldg1
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-16

1t is common for uncivilized peo-
pie to eat earth.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-16

Brick was first used for street
paving in America in 1873 in
W. Va.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-16
Silver.

New York, June 16.-Foreign bar
silver, 7ih Mexicaneanalazs 5l5As
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-16
(By the Associated Press.
Grain
Chicago Cash Gram.
urrrn, A y,

Chicago Cash Gram.
WHEAT.
Chicago, June 16.
No. 3 red, Ill.
No. 4 red, LOS.
Sample grade red, 1.1012.
No. 2 hard, !15A.
No 3 northern dark, 1924.
No. ? mixed, 1101a.
CORN.
No. 2 mixed, 606601s.
No. 3 mixed, So
No. mixed, 5SA @5Sh.
No. 5 mixed, 57H.
No. 6 mixed, $50 5s1a.
No. yellow, 601z gel.
No. 8 yellow, 5000
No. 4 yellow, 5S058A.
No. ) yellow, 57@571a.
No. s yellow, 56@561a.
No. 2 white. 601A061.
No. 3 white. 590591z.
No 4 white, 5SQ5SA.
No. 5 white. 57@57A.
Sample grade, 55055.
OATS.
No. 1 white, 3S@39H.
No. 2 white, 35@3914.
No. 3 white, 33H @35&.
Sample grade, 311a.
No 4 white, 321A 633A.
OTHER GRAINS
Rye: none.
Barley: 55@62c.
Timothy seed: 40Q05.00.
Glover seed: 1900 1000.
Pork: nominal.
Lard: 11.35.
Ribs: 225@13. 25.
The Dawson news. (Dawson, Ga.) 1889-current, 1922-07-25
SECTIONALISM PERSISTS.

The clash in the senate between southern
and northern members over charges that Ell
forts had been made to eXaggerate lawless-
ness in a given state or section emphasizes
IN an unpleasant way the differences that still
exist even after nearly sixty years. Section
alism is the Outstanding feature OF such an
encounter as was precipitated with Senator
Calder of New York on the one side and
Senators Harris of Georgia; Shields, of Ten
nessee, and Dial OF South Carolina, on the
other 1t was a very natural thing Tor the
southern senators to resent Senator Calders
attitude toward the south when he made the
effort to have inserted I'm the Congressional
Record newspaper story of the lynching OF
rwo negroes in Georgia.
The southern senator's were quick to take
advantage of the opportunity to remind the
northerners in the ssenate OF the lawlessness
of other sections than the south. The senate
WAS told Of the massacre OF the miners at
Herrin, ILL.,, a tragedy that never has been
oaualed bv the action of southern mob in
all the wears that the so-called lynch law has
been operating. Again Senator Calder was
reminded of the 1awlessness in his own city
Of New York, where gunner band together
and create reign OF terror Among lll0A
HELPLESS victims. There have been lynchings IN
the east. in the north, in the west and in the
south. Eight negroes were lynched at one
time in an Ohio city, being hanged from
trees and riddled with bullets, and the west
has hanged for horse stealing since the first
crossing of the plains white men out number
ING the negroes who have fell victims OF
southern mobs.
Tt is apparent enough that no large sec
ron of the United States has the right to en-
DbgsTze lawlessness while minimizing its own
shortcomings The thing for all Americans
to do is to forget sectionalism and to oppose
faw1essness no matter where it may be. To-
gether all Americans face the duty OF stand
ing together for justice in every section, and
that means standing against lawlessness. 1t IS
true that the south has been criticized I'M
merciful1v by northerners because of its
mobs. and. as the southern senator's now
point out the north has its mobs as well
with the difference being that the northern
mob goes at its work in "a wholesale man
ner The encounter in the senate recalls the
old saying about it being most unbecomlng
for the pot to calf the kettle black.