davidaulloa/AmericanStories huggingface dataset:
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-06-13

AT N. =. d. NJ. & w. Co.
II. F.. Jones ........ - 20 -
a. +. Jones .......... II -
The aggregate of live stock received
with but few sales closed during the
carly morning. Responsive to the
dressed beef market, which is weak
and dull. trade was inactive for live
cattle. with prices a good half cent
lower. Fancy steers and oxen were
IN limited supply and sales closed at
Z 1-2Mo 1-2c. Good to choice steers
and oxen at 6 1907 1-2c, with
coarse and thin oxen at 4G5c; there
were also but a few fancy fat cows
offered and these would bring from
cor Lie; medium to good cows at
so &C.; poor and ordinary cows 40
Sc; Gamers. bologna and shipping
COWS sold fairly steady at 2 1903
IL. Few bulls were offered and the
quality was not high. Sales closed
ut 3 Loose. There was no strength
to the veal calf market and prices
Sd? l-2c.; drinkers and grassers at
501c.
The hog market was dull at the
yard for each offerings. Price de-
clincd a fraction and there is little
inducement to shippers to market
their hogs from New England at
Boston. Western receipts at the
packers were heavy. Live hogs sold
at 'M7 12c., and dressed at 969 1-2c
There was a liberal supply of
mich COWS at the yard. The de-
mand was quiet at the previous
range. Fancy ard graded cows sold
at $l25IS1G0 per head, good to
choice cows at s65GS125, poor to or
binary cows at s40@s65.
There was general drop in prices
for live poultry. Fowl quoted at eco
2Sc; ROSTERS at $50 zoe; broilers at
400 i45c.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-06-13

ton in area, the government forecas
: assuming an average yield, gives
crop only 5000, 900 bushels lower tina
last year. Corn planting has bee
delayed, but not seriously. The mos
serious effects of the late spring hav
been in the case of cotton, for Will
the delay in itself is not unusual, tn
South is seriously handicapped b
labor shortage, due to the migration
Iof negro labor to northern industria
districts. 1t has been generally as
Isumed that the outlook for high pri
ices for cotton would cause larg
'lacreage to be planted, but al; account
now go to show that these expecta
Itlons will not be realized. Few esti
mates run as high as 100000 bales
which is the estimated consumption O.
american cotton in this crop year, ant
when it is understood that the tota
carry-over is not likely to exceed or.
binary mill stocks, it will be seen that
the world is facing the danger Of ser.
ious shortage. Jay & Co., under date
| of May %, estimate the increase OF
acreage over last year at tx per
cent, and the indicated yield, II ESQ.,
| 900 bales, lintners excluded. Prices
have recovered several cents per
pound from the low point. ,
Live Stock
The ranchmen of the West report
that Winter conditions have been fav-
orable. Temperatures have not been
severe, and the snowfall has been
ample to afford Spring moisture on
the pastures and plenty Of water this
Summer for irrigation. Hay and
grain have been plentiful and cattle
and sheep came into the Spring in
good condition. The sheep growers
are feeling especially good, with wool
bringing SO cents per pound and a
fine lamb crop in prospect. A cores
pondent writes from Utah:
"Operators in all districts are conf
dent that the lamb crop will be heav-
Ter than usual, some predictions being
as high as 100 per cent.
The strategic position of wool was
never better in the history of the
West. The outlook for years to
come is very hopeful, granted rea-
sonable tariff protection based on the
difference in the cost of production
at home and abroad. The chances of
in this respect are grow
ing less.
A number of wool clips were con-
tracted early at 40c and 41c. but most
Of the sheepmen are holding for SOC
Or better. During the last week ap- 4
100000 fleeces of the
Southern Utah woods have been sold
At SOC. netting over $500 per head.
Lambs are being contracted for
'all delivery at 1Oc and lie. and with
Of a heavier lamb crop
han usual, sheepmen are conf
lent that this seasons operations
will see a big reduction in outstand- !
ng Indebtedness, and that 1923 will
prove stabilizing factor in the U. S.
sheep industry"
The outlook for cattle is not so |
good, prices being too low for profit |
able operations. The same cores
oondent writes:
"A continuance Of the present low
prices to the producer of beef can
,nly result in growers abandoning |
he industry, throwing on the market |
arge numbers of breeding stock with
he inevitable consequence of short
,ge in supply for years to come and
greatly increased costs to the con-
-------- ------ -----
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-06-13

money was lost on many of the wes-
tern consignments. This week there
will be on, sale 3 carloads of green
horses and the usual entry of Sec
onds.
William Hurwitz sons Company
sold at their Traverse and Friend
Street stables carloads of wood
horses and so seconds. Prices were
easy, and all the horses were not
sold at the weeks end. This week
there will be carload of green hors-
es and Is seconds.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-06-13
The Money Market.

u The money market is about as
was a month ago, with 5A to 51a
the range for time loans. The com
; mercial paper offerings are light, in
dicating that Notwithstanding tn,
activity in production and trade, nov
sustained for good many months
There is no pressure for credit. Prob
ably never before was so large a vol.
ume of business handled with sossmal
a percentage of borrowed ccapital
The banks are still carrying heavy
holdings of bonds to keep their funds
employed, and the strength in the
bond market of late is q sign that
they are not unloading.
There has been but little change in
the condition of either member banks
or reserve banks in the last two
months, and with the check that has
been given to the upward price move
ment it appears that little change is
to be anticipated before fall. The
trend OF money was away from New
York in May.
Our Vanishing Export Balance.
Throughout last year our balance
OF exports over imports was q dimin-
lshng factor, and this tendency has
continued until in the last two months
for which figures are available, March
and April, imports have exceeded ex-
ports. The excess in March was about
$57 100000, in April about Sal, OOO.-
600, and for the first four months of
1873 there was a net balance of inn
ports over exports Of about $50 ,OOO.-
900.
Probably the most important in
fiuence in the reversal Of the trade
balance has been the revival of our
domestic business, which naturally
has included an increased demand for
foreign as well as domestic commodi-
ties. The increased activity in our
industries has caused larger importa-
lions OF raw materials of foreign
origin, and importations of all classes
has increased. On the other hand.
there has not been a corresponding
revival abroad to increase the demand
for our products.
Our exports and imports in March
IN three years have been as follows:
1928 1922 1921
Exports $s41. ooo. 900 ssao, 100000 $685. ooo ooo
Imports sss.ooo.ooo 25s.ooo.ooo PSI, 100000
The price level is higher in 1929
which would be one factor in the
showing, and the rising price level in
the United States no doubt has been
factor in changing the situation. In
Inc last SIX months, however gold
prices have been rising abroad. and in |
england are now rather higher than
n this country, in relation to the pre.
war level.
European exchange rates have
shown no important changes of late.
sterling is higher than a wear 400
,ut at about $4.62h is below ouota,
ions reached last fall, when il passed
'4.70: Purchases Of dollar exchange
" the British government for ;ts
payments at Washington are a nrohs
able factor. These purchases will
'un above $161 ,00O, 900 per wear IN
ne main debt, besides which Il i; IL
making payments for silver bonoht
lnder the Pittman act. Exchana.
'ates do not indicate that cold -
'orts are imminent, but the present
rend Of trade if maintained e, u;ii
ause them eventually. AS has been
'ften pointed out, an adverse goo + reJa
valance IS, helpful in collecting our
,orelgn claims; in fact, essentiai
hereto. ----A------------- ~~.AsA
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-06-13

pean conditions upon conditions i
: this country. The outburst of actiy
| ity demonstrated that there is a YER
great amount of construction worj
under contemplation, which will q
ahead upon about the level of las
years costs. Some of it will go ahea,
even at an advance, but the advance
have disturbed confidence, and tn,
postponement Of many projects i:
announced Postponements, however
are unavoidable when there is no
labor enough for ALL. and their chic.
significance is in showing that a great
amount OF work is waiting to be done
Wage advances under the circumstan
ces simply illustrate the workings Of
the law Of supply and demand, the
contractors who are willing to pay
the most getting the labor. 1t is not
the demands Of unions SO much as the
bidding of competing contractors that
is making the high rates, and the sit
uation shows the fallacy Of the theory
that the law Of supply and demand
has nothing to do with wages. The
fact is that it is the final and most
potent factor in fixing all real wages,
as it is of all prices-for a wage is a
price. Wages will be naturally ad,
Justcd at the point where the demand
for and supply Of labor will be in
equilibrium. There is no sound OBJ
lection to that, provided they are as
readily adjusted downward when nee
essary to keep up full activity in
building operations.
Activity of Industry.
Although buying has been compare
lively light in the past month, the ton
mage moved by the railroads has been
in excess of the movement in this sea-
son of any previous year. There has
been but little slackening of the indus
tries, although some curtailment has
been reported in cotton goods. The
April consumption Of cotton, however,
was at very high per diem rate.
Some reduction in cotton operations is
to be expected, in view of the fact that
the material is in short supply and
prices fer the new crop deliveries are
several cents lower than for old cot
ton. Within the next two or three
months that difference will be elimi-
mated.
Iron and steel probably is still the
best barometer of the general business
situation, because of its use for con-
struction work of nearly all kinds, and
production in this industry is still
running 1T the highest rate ever
known. Railroad equipment is taking
a good share of it, and the steel people |
are confident of plenty Of work for |
all the labor they have through the \
rest of this year. Automobile prod
duction may be also taken as fairly |
good barometer Of prosperity. It has
increased with every month of 1928,
April running we'll ahead of March.
From April on, some decline is antici-
pated, as the spring is the season of
heaviest sales.
The Crop Outlook
The season has been backward in
all parts of the country, but the grain
crops have not been seriously affect
ed by this fact. Spring wheat has
been doing well, cool and moist
weather being favorable to it's early
stages. The government report for
May on winter wheat showed an aban-
donment of 14.3 per cent of the acre
age, which confirms previous reports
of bad conditions in the arid terri
tory from Western Nehraska to
Texas. : Notwithstanding this reduc-
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-06-13
New York Produce Market
Now York, June I,

New YORK, June II.
TLOUR-Quiet: spring patents 635@
675: spring clears 500 q SIS; hard Win
ter straights 5S5@625.
WHEAT-Spot easy: No. red win
ter track New York domestic l4at:
New York export 1891; No: hard
winter do. 1864: No. l Manitoba do.
1909 and No. 2 mixed durum do. 1193.
CORN-spot easy; No. 2 yellow and
1911 and No. mixed do. 1909.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-06-13
Boston Live Stock Market

Especially Reported for the Kennebec
Journal)
Stock Yards, June -.
MAINE
At Brighton
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-06-13

The condition Of the cotton CROP
now averages II per cent of a normal
indicating harvest Of only moderate
size. according to an official announce
ment of the Department of Agricul-
ture. For the last ten years. the con-
dition of the crop at the present Pc
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-06-13

q. IT. Moore .......... II 30 II
at Brighton. Watertown and the local
slaughter houses.
This week; Cattle 1898. sheep and
lambs 1866. calves 3737. hogs 1890.
Last week: Cattle 1764. sheep and
lambs G706. calves $500. hogs 1888.
One Year ago: Cattle 1856. sheep and
lambs 9613. calves Bill, hogs 1922
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-06-13
New York Money Market


Foreign exchanges easy.
Great Britain. demand 4.613. cables
4.61s. 60-day bills on banks 4.594.
France. demand 6.39l. cables $40.
Italy. demand 4.63l. cables 4.64.
Belgium. demand SSH, cables $50.
Germany, demand ,Q011a. cables
.0011s.
Holland. demand 1917. cables 1920
Norway demand 1850.
Sweden. demand 1858.
Denmark. demand 1850.
Switzerland. demand 1872.
Spain. demand 1899.
Greece. demand $50.
Poland, demand .OD1S.
Czecho- Slovakia. demand c.9S.
Argentine. demand $40.
Brazil. demand 1925.
Montreal, 81 21-32.
Cali money easier; high S, low As
ruling rate 5. closing bid II, offered at
A. last loan ~.
Call loans against acceptances Al.
Time loans steady: mixed collateral
5000 days 4a@5: As months ..
prp,a commercial ma ner
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-06-13
New York Stock Market

Corrected Daily by
KINNEY & GREENWOOD
STOCK BROKERS
Nas' 1t. Augusta
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-06-13
MAINE SHIPMENTS
Cattle 1873, calves $50, hogs II.
TONE OF THE MARKET

Receipts of beef cattle were light
Howard Gorgcs ~ 30
At N. E. D. NJ & w Co
, 1923-07-11
ASPIRATIONS OF LIQUOR
SLEUTH ARE DASHED BY
BAN PLACED ON WRITING


NEW YORK. July 11.-An am
bitione newly born in the heart of
"Izzy" Enstein. liquor sleuth of
many DISCUSSES. was quietly put to
death today by Palmer Garfield.
prohibition director for this state
Izzy's ambition was conceived
when he read hat hia chief. Roy
A. Haynes. prohibition commissioner
for the whole United States was
writing a,book to be called. Hunt
ing Down the Rum Runner"
Why shouldn't I write a book7"
asked Izzy. He got out his scrap
book. stuffed with big headlined
newspaper stories and photographs
of the booze forays in which he and
his partner. Moo Smith. camouflag-
ed under a thousand makeups. had
Sherlocked the downfall of as many
bootleggers. There he was disguised
as n grave digger, an ice man. a
colored man. a funeral director. a
Broadway fiddier,a street car con
ductor. n maitre d'Hotel. a buyer
from Oshkosh. and even as a pro-
hibition agent.
So Izzy disguished himself once
more. this time as an author, en-
gagged a collaborating translator and
a publicity man. and sat him down
to pick a title.
He rejected 1000 American
Knights" and THE drys of the
law" finally deciding in favor of
1.-THE Easements of New York"
, 1923-07-11
MOOSE CASINO
OPENS TONIGHT

The Moose Casino. Casper's newest
dance palace. will open this evening
at . o'clock and will run dances every
night i nthe week except Sunday.
The hall was formerly known as the
Moose Gardens n the interior has
been renovated and r~edecorated in the
interim during which it has been
closed.
The Casino is under new MANAGE
ment and the catering end of the bus
mess will receive special attention.
Refreshments will be served at the
tables in the balcony during the even
ing.
The orchestra viii be under the di-
rection of Raggy Rubin with Bryce
Wilson at the plano and Percy Rol-
Inns, a Casper favorite In the days
Of Schembeck's Winter Garden. on
the traps. The rest of the orchestra
are newcomers to the city and their
musical talent is said to be OF the
highest.
The program will be a regular 10
cent dance with feature dances from
time to time. The Casino may be
rented for private or club parties for
an evening by communicating with
the management.
, 1923-07-11
BIG FOUR TO
ASK RETURN
TO WAR WAGE

CHICAGO. July 11-officials of
the Order of Railway Conductors and
the Brotherhood of Railway Trainmen
who ATTENDED the executive session
here of the Western Association OF
General Chairmen of the two unions
were enroute to their homes today
prepared to suggest to tho rank and
file OF the two organizations in the
territory west OF the Mississippi, a
return to war time wages.
The suggested reques will ask
that wages v to the scale award.
ed by the United States railroad la
Dor board on May ]. 1920. when an
Increase of approximately 10 cents
an hour was given to employees rep
resented by the two organizations.
The present wage scale was fixed
on July l. 1921 by tho railroad Ia.
Dor board which reduced the award
Of May. 1920.
Yard conductors and helpers al
present receive approximately S204
and s174 a month respectively, and
passenger conductors between $275
and $500. Increases OF about 65 cents
a day will be asked In the suggested
request, brotherhood officials said.
, 1923-07-11
ADMITS
BLAME FOR
TRAIN CRASH

BUTTE, Mont. July Ito How
ard johnson. county attorney Of JET
.ferson county. Archie McArthur. aged
eleven, today confessed to breakins
the lock on the switch at Blackstone,
on h Northern Pacific railroad. three
miles west of Whitehall yesterday,
causing the accident to No. Al, the
Burlington west bound train. which
resulted in the death of at least four
persons. The boy. with two small
companions, had been seen in the
neighborhood shortly before the
wreck. and was suspected of having
had something to do with it. Nc
Arthur, who lives on a ranch in that
section, was rounded up by the Off
GERS and at R~anchland, n farmhouse
near Pipestone. he told the story to
County Attorney Johnson. Later he
Accompanied johnson to the siding
and showed him how he had broken
the lock and turned the switch. The
lad had been accompanied yesterday
afternoon by William and Francia
Linton. neighborhood boys. aged eight
and six respectively. The county at
torney said today that Young Nc
Arthur was n neglected boy who had
been IN trouble before.
, 1923-07-11
heat taking
Big TOLL I'm
MANY STATES

CHICAGO. July 11.-Lists OF deaths
caused by the excessive heat in many
parts Of the country grew today with
reports OF casualties resulting from
storms which brought relief to sec.
lions which had sweltered for the last
two days. Twelve persons died from
the heat and 1--WE deaths caused by
lightning were reported.
In several sections. records Of sew.
eral' years standing were brokp by
high temperatures. The mercury
climbed to los degrees in Oklahoma
City n other points in Oklahoma
reported temperatures of 1o1 and 1903.
Iowa had one death. with tempera.
lures averaging close to the 100
mark. In Des Moines. where es de-
grees was registered. a new record
was set. One man died in Michigan.
, Five deaths occurred in Nebraska.
Illinois had four deaths. two in Chi
cago and two in Waukegan. In
Chicago, 95 degrees was recorded
g. Excessive heat wa confined to tho
central section of the country, the
eastern states with few exceptions
having high temperatures of less
than 30 degrees. The Rocky Noun,
tain and Pacific sections escaped with
low temperatures.
Lightning claimed three victims in
Michigan and two in Iowa
A woman and a girl we're killed at
Cedar Rapids, Iowa. when they took
refuge under a tree. struck by light
ming.
Damage estimated at several thou
sand dollars was caused by the storm
to wires and orchards throughout
Illinois, Iowa, Michigan and wis
consin-
OMAHA. Neb-, July 11.-Rains in
various parts of Nebraska late yester-
day broke a heat wave which pre-
vailed for several days with tempera-
lures ranging from % in Omaha to
1o24in Beatrice.
, 1923-07-11
THERM0P0LIs LIQUOR
VENDORS SENT TO JAIL

CHEYENNE. wyo.. July 1.-THE
state law enforcement commissioners
office here was notified that Judge
Z. w. Metz of the Fifth judicial dis
trict' sitting at Thermopolis, had
sentenced h proprietors Of the Sub
marine bar at Thermopolis. Devine
and Swain, to fines of $3.50 and 30
days in jail each. for contempt of
court. The contempt consisted of
violation Of a restraining order for
bidding the sale of possession of in
~toxicating liquor at the Submarine
for a period Of 80 days. Within that
period. the court was informed. the
place had been raided and beer seized.
, 1923-07-11
INCREASE IN RAILROAD
VALUATIONS IS OPPOSED

CHEYENNE. wyo.. July 11-Rep-
~resentatives of the Union Pacific,
Chicago. Burlington & Quincy and
Colorado & Southern railroads APP
peared before the Wyoming Public
Service commission Monday and
made arguments against a proposed
increase in assessed valuation of rail
road valuations at present are higher
road properties. All argued that rail
than h valuations of other classes
of property. and requested continue
ton of the present valuations. which
are; Union Pacific. s63 900 per mile;
Burlington and Colorado & Southern
s33. 900 per mile: Chicago & North
western. s2s. 1000. The argument of
the Northwestern against the pro-
posed increase was heard recently.
, 1923-07-11
Mrs. Bertha Smith
Now Appearing At
the RiaIto Theater

Mrs. Berta Smith. concert soprano,
is meeting with great success in the
concerts which she is putting on each
afternoon and evening at the Rialto
theater In connection with the reg.
ular picture shows. Mrs. Smith is
singing once each afternoon and twice
each evening and is accompanied in
most of her numbers by Mrs. Todd.
leader of the Netto orchestra. with a
flute obligato.
Mrs. Smith will be at the Rialto the
rest of this week.
, 1923-07-11

In h meantime publishers got
h word and asked Mr.. Garfield
to correborate it. IT don't know
whether Mr.. Einstein can write n
book or not" Mr.. Canifeld told
them. but I know he will not be
allowed to as long a he remains
with the treasury department, for
there is a century old ruling pro-
hibiting employees of the department
from making public the details of
their Jobs
Izzy said he would appeal to Mr..
Haynes for permission to go on
with h book. now that he has tho
title written.
, 1923-07-11
Basic Prices
for Steel Not
To Be Affected

PITTSBURGH. July 11.-Announce-
ment by the Carnegie Steel company
yesterday of an advance IN prices
will have no effect on the basic price
of steel. IT was explained at the com
pany offices here today. The particular
products advanced are known in the
trade as "extras' and this last has
bee in use 30 long that It was neces.
sary to make adjustments and to
bring It into the standard of tho rest
Of the industry.
, 1923-07-11
LEGISLATORS TO Be PAID
FOR SPECIAL SESSION TO
Be HELD IN CHEYENNE

CHEYENNE, wyo- July 11.-That
the Wyoming Legislature. at the
special session to be held next week
to amend the State Farm Loan act,
will pass a supply bill including an
appropriation for the payment OF per
diem of members, was Indicated here
Monday. when Representative j. C.
Underwood. Republican. majority
floor leader in the House. exposed
the opinion hat the legislators should
be paid for their service.
, 1923-07-11
ARGUMENTS HEARD IN
sHAWVER-EMERs0N CASE

CHEYENNE. Wyo., July 11.-The
Wyoming state supreme court Mon
day heard arguments in the con
troversy between Casper d. Shawver
n Frank G. Emerson regarding
which Of the two is state engineer.
The case was taken under advise.
ment at h conclusion of the argu-
ments. c. L. Risdon appeared for
Shawver. W. J.. Walls and w. e.
Mullen for Emerson and Attorney
General d. ]. Howell and N. f.
Corthell OF Laramie for the state.
The squabble hinges on whether
Emerson wa slegally removed from
office by Governor w. B. Ross. who
appointed Shawver to succeed him.
, 1923-07-11
SUICIDE TRIED
BY WOMAN IN
CHICAGO Jail

CHICAGO. July 11.-srrs. Isabelle
Nitt Grudelle. sentenced to hang on
a charge of murder. attempted to
commit suicide in her cell here this
morning. She beat her head against
tho bars Of her cell until blood came.
and tried to choke herself. Only the
Intervention of the matrons in time
prevented her from doing serious in
jury to herself.