davidaulloa/AmericanStories huggingface dataset:
Imperial Valley press., 1923-02-19

supplies of raw materials. AS con
sequence, in some instances, current
liabilities are growing out Of proper
relation to current assets.
The rush for Building materials
has forced Il similar situation in
those commodities. Potential con
struction is such rs to warrant an
ticipation of undiminished activity
for two years with programs at the
maximum of Investment and effort,
but there is decided tendency to
anticipate demand and forestall
price increase by present purchases.
Security Warrants Loans
The advances in cotton, the jump
in sugar, the rise in copper, the pros
pect of higher prices for wool all
have sent manufacturers and CON
sumers into the market. The banks
are being asked to finance these
purchases and as the security and
the prospects have warranted it, few
Legitimate requests for funds have
been denied.
Imperial Valley press., 1923-02-19

figures quoted on the finest SUBJ
urban land, especially within ten
miles of Boston. Good land for
building, with all convenience
such as water, gas and electricity
can be bought for twelve cents a
foot and the choicest lots can be
secured at twenty cents. This
means that the suburban develop
ment in New England should be
very great during the next few
years. Consequently there will he a
keen demand for building materials,
and both skilled and common labor.
New England is fast becoming the
great summer play ground of the
United Sfates-as people go to Flor
ida and California in the winter,
they visit New England in the sum
mer.
CONFERENCE GROWS
1.-The growth of the Summer
Business conferences which we hold
every year at Wellesley, reflects
this tendency. Each year, for three
years, the Babson Institute has been
obliged to build new and larger
auditorium to take care of the visit
ing business men who came between
July 25 and August 10 from all parts
of the country. Mortified and the
other conference centers have had
a similar experience and we are
looking forward to 1923 being our
biggest year-ever-for high grade
summer resorts.
REAL ASSET THRIFT. &.
"Whem studying New England
conditions, it is most interesting to
consider the sources of wealth in
these Six states-Maine New Hamp-
srire, Vermont, Massachusetts,
Rhode Island and Connecticut. They
are almost void of natural resources.
They have no coal or iron, no cop
per or other metals. The fields Of
New England are not fertile-I
remember my grandfather, who was
a farmer in Gloucester, saying that
all his possessions were rock and
Imperial Valley press., 1923-02-19
IMPERIAL TIL IR ID
= COUNTY IN cow
TESTING RECO r ID

Noel Negley, dairy specialist of
the State University, has just is
sued a report which contains some
interesting data for Imperial Val
ley.
The figures complied by Mr.. Neg
ley show that only two, counties of
those reporting, totalled more cows
tested during the month than did
Imperial. Los Angeles totallcd A.
943, Stanislaus, 1905, and Imperial
240j.
Only IL herds of less than % cows
had a better average than that of
j. p. Bayerque and only one herd
of % or more excelled his average.
Only eight cows in the state re-
port made a higher average in butt
er fat than the high COW of A. H.
Smithson of this county. Mr.. Smith
son s cow has a record of 1851
pounds of butterfat for the month.
Her milk production was 2740 pounds
for the month. She. is registered
IIolstein.
Imperial Unit Nc. :; is especially
mentioned in Mr.. Negley's report
as being one Of the few placing
purebred bulls in herds of members
of the association. Two were placed
in this unit. Only three other eoun-
ties of the 25 reported placed bulls
during the month.
Imperial Valley press., 1923-02-19
RAILROAD AGENTS
HERE GET DATA
ON FRUIT SHIPPING

r. L. Magill of the Pacific Fruit
Express, Los Angeles, G. S. Kelch,
general agent of. tho American Re
frigerating Transit Company, Den
Yer, Colo, and Walter DIN, super
intendent of agriculture for the
Denver and Rio Grande Western
Railroad, Denver, are in the valley
collecting information on the sub
ject of Standardization of fruits
and vegetables and other subjects
of general Importance. They have
secured copies of the California
laws bearing on the subject and Mr.
Kelch and Mr.. Olin will endeavor
to secure like legislation in their
own state. They conferred at length
with Horticultural Commissioner
Waite, who gave them information
on the subjects discussed with
which he is thoroughly familiar.
Imperial Valley press., 1923-02-19
MUCH BORROWING
AT BANKS PROVES
PROSPERITY AGAIN
Raw Materials Soaring
Upward is Cause of
Movement
By j. G. ROYLE
Copyright 1928, by The Imperial
Valley Press

NEW YORK, Feb. 19.-The banks
today are full of manufacturers,
wholesalers, iobbers and merchants
and builders asking for more money.
They are pressing their loans but
in the majority of cases they are
getting the accommodation because
their order books, their sales state
ments and their balances are con-
vincing evidence of their ability to
pay.
Bankers, with their fingers on the
business pulse, know that it is going
to take increasing amounts of cash
to finance manufacturing and COM
mercial operations throughout the
first half of this year. Commodity
prices in nearly every line are up
Raw materials purchases are de-
manding increasing volumes of
ready cash. e-
Borrowers are Accommodated
They are getting it to spend. The
banks are in splendid position.
Credit is not strained and money
is neither tight nor high: However,
the prospect that both raw and fin
ished products will advance to still
higher levels has started Hurried
movement of buying which the more
conservative financiers and business
men are watching with considerable
concern.
Clothing manufacturers and deal
ers already are buying overcoats for
next winter anticipating that prices
for WOODEN goods and especially
heavy weight goods, will advance
materially before that time.
Motor Liabilities Grow
The balance sheets Of the motor
manufacturers, for the first time in
many months, are beginning to
show obligations for borrowed
money. They have the orders on
their books but they fear still fur
Their advances in steel, rubber, leath-
er and plAte glass and they have
been scrambling to obtain generous
Imperial Valley press., 1923-02-19

An old-fashloned Los Angeles wo-
man whipped her husband instead of
shooting him. Men should not trifle
with the weaker sex.
Imperial Valley press., 1923-02-19

Roger w. Babson, business
and financial expert, today starts
presentation through the Imperial
Valley Press series of eight
articles, released weekly, on bust
Eess conditions as he finds them
throughout the various sections
of the United States.
The list of subjects covered
are:
l. New England.
2. North Atlantic States.
3. Middle Eastern States.
4. Mississippi Valley.
5. North Atlantic States.
6. Missing but sent for
7. The South.
8. The Pacific Coast.
Imperial Valley press., 1923-02-19
NEW ENGLAND WORKING OVERTIME
Business Expert Starts
Series of Articles on
Country

bushes and little religion Great
stone walls on every farm are evil
dence that the early settlers GER
tainly had rocks to contend with.
Statistics show the real assets of
New England to be her industry,
thrift, honesty and n desire to be
of service. 1t has been these in
tangible-but all-important- forces
which have made New England
These six states stand, today, a mon
ument to what can be accomplished
without natural resources if PEOPLE
are only ac,uated by the right mo
tiveS
Imperial Valley press., 1923-02-19
CONDITIONS ABOVE NORMAL

Improved conditions in New Eng
land strongly suggest that the trou-
BILE today with some of the duller
sections of our country is that they
lack industry, thrift, honesty or
desire to be of service. Activity in
the northeast is largely responsible
for the high figure registered this
week by the Babsonchart. 1t now
stands at 3 per cent above normal.
When you consider that this fig
ure combines all sections of the
country and all lines Of industry
and knowing as you do how dull
are certain sections and certain lines
the part played by New England
in bringing up this figure is most
evident.''
Imperial Valley press., 1923-02-19

that water was coming into the wells
in the Signal Hill district near the
Long Beach oil fields, which pro
duee more than one fifth of the
total California oil supply were Wig
orously denied by r. f. Cullom, state
oil and gas supervisor.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-10-06

New York, Oct. 6.-Cotton futures
closed easy.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-10-06
LIVESTOCK TRADE
is SLOW DESPITE
LIGHT RECEIPTS
Best Beef Steers Adyance
IS Cents to 81 During
Week.

Copyright by The San Antonio Light,
Chicago, ILL.,, Oct. 6.-Live stock
supplies were moderate today, but
trading was slow. In the hog house a
stale supply of little more than H.
900 had to be added to the fresh run
and the market showed weakness. Big
Killers had nearly 1000 of the estim-
ated run forwarded from other trading
points while only one load of cattle
was Billed that way. Car; report for
the local yards was ITO, and % OF
these had not arrived at the opening
of the trade. In all branches of the
trade supply fell short compared with
last week. Receipts were 1000 cattle,
1000 hogs, 1000 sheep and 800 calves.
No prime cattle arrived TO the local
market today. The trade was called
steady compared with the day. before,
but practically all kinds of cattle
showed higher values than those OBJ
tanned at the close of last week. Best
beef steers were UP 40 cents and 81
with top lots at S12.75. while medium
and palmer kinds showed gain OF
80 and IS cents for the period. West
ern cattle were strong. Native cows
and heifers gained 80 and 40 cents
while Gamers and cutters were up IL
and 10 cents. Bulls closed about
steady after an uneven WEEKS trade
but calves were down 80 cents.
Hogs. were slow today and values
were a dime off in most spots after
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-10-06
ADVANCE OF RAILS
FEATURES TRADING
ON STOCK MARKET
Chesapeake and Ohio
Shares Lead UpWard
Movement.
BY STuART p. WEST,

Copyright, by The San Antonio Light.
New York, Oct. 6.-Railway shares
occupied the center = the stage in
the two hours trading on the. stock
exchange today. An increase in the
Chesapeake 4 Ohio dividend has been
under discussion for sometime. but
it had failed to make much of an
appeal until it became evident that
buying of a very confident character
was going on in the stock.
This sort of buying began to APP
pear on Friday with the result that
an outside following quickly ac-
cumulated, forcing the stock up to-
day more than 4 points. A price
around 20 would scarcely be justified
unless the dividend were raised to
per cent in which case the return
would be Z per cent.
But the Street was canvassing the
possibility of the rate being raised to
9 per cent inasmuch as this would
be giving away less than half of the
present Invisible income to the stock
holders.
Other railroads in which there is
any prospect of favorable dividend
action were taken up. Wabash pre-
ferred A was one of these because
as has been pointed out, more than
once, earnings are running at the
rate of IL per cent on the stocks and
the property j. n excellent physical
condition SO tnat there is no longer
need for extraordinary approprla-
tions for maintenance.
The buying of the railway list be-
came more general in the last hour.
Shovoy Af In hA
noticeably in demand under the lead
of Atlantic Coast Line and Louisville
& Nashville. Seaboard Air Line
stocks were bought on the strength
of the adjustment bonds. which, il
is believed, are likely to receive some
thing at the next interest date, which
is February 1.
Even the stocks of roads which are
doing particularly well and in which
there is not very much of specula-
tive incentive-New Haven the ST.
Pauls, and the Missouri Pacifics-
joined in the rise. Here the buying
appeared to represent to some extent
the covering in of a short interest
Reading made a new high for the
recent movement just before the close
and New York Central crossed 1O2.
Industrial stocks were completely
overshadowed by the buying move
! ment in the rails. Such leaders as
Studebaker, Baldwin Locomotive and
United States Steel common went
lower at the start, but later they
were almost neglected. Cast Iron
Pipe common touched 40 and the pre-.
ferred also made new high.
Liquidation continued in Jones Tea
and reduction from the present 4
per cent TO 2 per cent in the dividend
was talked of.
The, market closed with the rails
we'll up to their best prices and still
definitely strong. On the other hant
the final tendency in the industrial
division was uncertain. A jump Of
over IA points in Kresge stock fol
lowed the publication of the Septem
Der figures showing sales 16 IL pei
cent in excess of the month last year
with IN increase of % IL per cent fol
the nine months over the same period
in 1922.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-10-06
COTTON MARKET
CLOSES WITH
SLIGHT LOSS
Excellent Weather Is Re-
ported in the
Belt.

Copyright, by The San Antonio Light.
New York, Oct. 6.-Liquidation of
cotton continued ut the opening to-
day. Definite nervousness ON the
part of many speculative interests be-
came noticeable late Friday when ru-
mors were circulated that some Fan
River and even southern mills were
contemplating reducing their output
As the feature of trading for some
time has been the lack of contracts.
this loosening up among holders ex-
erted an influence on prices. Though
December sold at 29.35 during the
carly part of the week and 2S.3J yes
terday the quantity of cotton for sale
in early trading was such that quota
tions came within two\ points of
~ ID cents. Blocks of December
as well as later months came out
while distant positions sold around
% cents.
An enormous amount of cotton for
January. March and May delivery
seemed TO be wanted on this basis,
just as occurred twice before this
week when quotations approaced the
~ cent level. But houses with south
ern connections were in receipt of
heavier hedging orders, helped by ex-
cellent weather in the cotton belt. \
large amount of cotton changed hands
during the first hour.
A sharp recovery of 80 points oc-
Cured the second hour. A covering
movement carried late months back
above 27.46. but with enough realiz-
ing ut the close to bring q slight loss
in prices for the day. October closed
2S.03 to 2S.10: December 27.70 TO
PIP; JaRuary 27.20 TO 27.23.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-10-06
CONDITION OF BANKS.

New York, Oct. s.-The actual condi.
ton of clearing house banks and trust
companies for the week shows an ex'
cess in reserve Of sls.9e0,2ie, ms Is
reserve decrease of S7,l9O.35O
Loans. discounts. etc, S4,5S6,3f6,OOo'
decrease s21.443.O 900.
cash I'm own vaults. members OF fed
eral reserve bank. SiS.69l.OOO; increase
Ss3s, 900.
Reserve in federal reserve bank OF
member banks s491, O1s,OO0; decrease
s1I, So. 900.
Reserve in own vaults. state banks and
trust companies. ss,25i,o0O. increase
s4iT, 900. =.
Reserve in deposltaries. state banks
and trust companies, s9,lsi.oOo, increase
$4,000.
Net demand deposits ss,e6S,7ss 900;
Time deposits. Sol, $4,000; decrease
CIRCULATION sss.4si.oOO: increase $685.
600.
United States deposits deducted. So
Aggregate reserve s5os.i5s.OOo.
Excess in reserve sl5,,96o.o10; de-
crease, s7.1?0.35o.
Regular summary of state banks and
trust companies in Greater New YORK
not included in clearing house state
Loaps. discounts. etc. Ssl5.6sl,5Oo, in
crease. se,293. coo.
Gold. sS,224.sOo: decrease. $500.
Currency and bank notes, $50, 49,, IOOi
increase s406.2Oo.
Deposits with federal reserve:
, Bank of New York, s7s,5i0,6o0; H.
Total deposits. ssss,os 200; increase
s10.Tl1.eo
Ditto: Eliminating amounts due from
reserve depositaries and other banks and
trust companies in New York and the
United States.
Deposits. s7s4,5S5,sO0 increase, "a
2S9.700.
banks, cash in vault. s2s.001. 100.
Trust companies. cash in vault, $685.
I257 900
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-10-06
KANSAS CITY LIVESTOCK.

Kansas City, Mo-, Oct. 6.-oattle: Re-
|ceipts, ie00; calves, 100; for week:
handyweight corn fed steers and year,
lings strong to Ice higher; other fed
classes slow. around steady; all classes
westerns steady: weeks top heavy steers
s11; long yearlugs $12: grain fed Kan
sas westerns, $3.50; bulk straight grass
ers, s5.O0@7.40; better grades fat cows
weak to l5c lower; in-between kinds. is
to CSC lower; grass heifers, 20 to 40c
lower; Gamers and cutters steady; bulls
weak TO Csc lower; light vealers weak
to Csc lower; heavies and mediums most
ly 5ec~ lower; desirable grades stockers
and feeders steady. strong to shade high
er; palmer offerings numerous; weak to
25c lower; fleshy feeders. ss.e5; bulk
weeks sales, ss.o0G,7:5S.
Hogs: Receipts, 1000; steady; top.
$3.50 to packers on medium quality;
but choice; bulk 100 TO 190-pound to
shippers at s7.25Q7.s5; light lights, $500
G7.25; bulk OF all sales. $3.50 40;
packing sows steady: bulk. S6.4O@6.65.
sheep: Receipts. 5000: today's receipts
mostly on through billing; for week:
lambs strong to 1Oc higher; top westerns
S12.S0; bulk, s12.50 a l2.75; sheep steady;
Texas wethers. $3.50; best ewes for
slaughter. seas; other westerns largely
S5.5O@5.s5; fedIng lambs around Csc
lower; westerns, sl2.00q1:.5O; Texas,
$40. n 11.50.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-10-06
EAST ST. LOUIS LIVESTOCK.

East st. Louis. ILL.,, Oct. 5.-Hogs: Re-
ceipts, 5000; dull and weak; spots. to
Toe lower; on weighty kinds; no choice
finished butchers on sale few most de-
sirable weighty loads. SS.40@S.45; others
$3.50 SIS; including medium quality
butchers at $3.50: run mostly light hogs;
bulk desirable winds. ss.20qS.35; others,
sSl0@S.20k pigs steady TO 25c lower;
bulk 11O to 13q-pound averages. $1,000
7.25: packer sows generally steady; bulk
S6.75 q SIS.
Cattle: Receipts. 1000; compared with
week ago: native beef steers and light
yearling steers and heifers, so to use
higher; westrn steers and beef cows,
IS TO soc higher; grass heifers. Gamers
and cutters bologna bulls and stocker
steers 25c higher; light Vealers, 81 low
err; tops for week: native steers. $1,000;
long yearlings, Sl0.75; light yearlings,
$40; bulks for week: native steers, $3.50
M1o.25: western steers, $5.50G6.45; year.
lings, SS.3Sn9.75; cows $500 q 5.25; cam
ncrs, sass ESQ; bulls. SS.750i.15
sheep: Receipts, 5000; todays run en-
tirely direct; market nominal; for week:
fat lambs strong to CSC higher; fat
yearllngs. rs to soc higher; culls mostly
soc higher: sheep unchanged; late top
lambs, SIS to butchers: sl2.T5 to pack
ers; culls mostly IS; light mutton ewes
Sc; bulk lambs for week Sli.50@ 1850;
culls, $7.50Gs.oo; best -yearlings. $l1.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-10-06
WHEAT MORE THAN
TWO CENTS sHIC CHEZ
A TEND OF TRA
Proposed Tariff Reoisio
Causes Big
Bulge.

Copyright by The San Aet0Ao 1in11<'
Chicago, ILL.,, Oct. 5.--Wheaf hol
big bulge today. The tariff is uO0|
the subject of revision in order ~
initiate values of wheat and this W1
the ball factor. President C60jidN
has requested the tariff commialiou ~
study sthe proposition to increose TIL
tariff on wheat and this was uudG<
the big buying movement in the mqrr
ket. I.
The buying was credited to EaeteE11
account, but much of it was for ~
big locals. it is believed. May wboU/
is now selling near the high point
the crop. The start was lower I'M
scattered selling and lack of buyin
Mills became frightened lover tarik
talk and took $1,000 bushels of wheat
The market closed 1 81 and 2 Ia
cents higher.
Corn was affected by the action
of wheat. There was a dull draggy
market early but when wheat rallied
buying power increased and much
short corn was covered and some long
corn replaced. Cash corn was up to
S1.04 1-2 for No. 2 yellow, new
high record. Shipping demand was
limited.
The market closed 1 ii and I "a
cents higher.
GOATS closed IL and rs cent?
higher.
Lard closed . IL cents lower To
II IL cents higher and ribs 25 cents
up to IL cents off.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-10-06
NEW ORLEANS COTTON.

New Orleans. Oct. 6.-Dry weather in
most sections of the belt. poor cables
and an unfavorable opinion OF cotton
mill and general trade news caused
heavy selling OF cotton today, under
which. I'm the first half hour OF trading
prices were depressed 81 to 40 points
December fell TO $3.50. Claims over pri-
vate wires that many mills in New
England were carrying large stocks or
manufactured goods were regarded in
highly unfavorablc light
During the second half OF tho session
the tone was steadier and prices MADE
recovories on covering by profit takers
on the short side, on new buying based
on reports that some mills which had
announced curtailment Of production had
their representatives in the western belt
busy buying cotton and on uneasinoss
over predictions Of renewed wet weather
in the West.
Late In the day December was up to
2T.35, with the list six points higher to
five points lower than the final prices
OF yesterday
The close YVES at net losses on the
day Of five to fourteen points, Decent
Der closing at range Of cT.e0 to 1913
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-10-06
San Antonio Markets

The following prices to producers for
produce were quoted by the Pruitt Com
mission Company Friday morning:
Sweet potatoes; * to cents per
Egg plant:sI.5o to si.75 per bushel.
Black-eyed peas: so to 60 cents per
bushel.
okra: 1925 per bushei.
Beets: 30 to 20 cents per dozen
Carrots: e5 to so cents per dOzer
Turnips: IS to 10 cents per dozen
Sugar cane: SIS to 10 cents per bundle
of twelve stalks.
Squash: Sl.75 per bushcl.
Hot chilli peppers: 10 to 12ls cents per
pound.
Green beans: s2.75 per bushel.
Mustard greens: so to IS cents per
dozen punches.
Radishes: 40 cents per dozen punches
The following prices TO producers fol
poultry. butter and eggs were quotes
Friday morning by the Snyder Pro-
duce Company:
Eggs: 50 per case loss of:
Poultry: t'ryers. is 10 10 cents PEI
pound; hens. II cents per pound; rur-
keys. Is cents, per pound; ROSTERS
cents per pound.
Butter: Fresh block butter, 20 cents
per pound: packing stock butter. IL cents
per pound.
The following prices TO producers TO-
seeds and feeds were quoted FRIDAY
morning by the Grasso Seed Company
Seed
Milo maize: si.60 per hundredweighl
Kaffir corn: sl.60 per hundredweigh hi
Red top cane: So per hundredweight
Big German millet: ;2.S0 per hundred
weight.
Feed
Oaas: SIS cents per bushel.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-10-06
FOREIGN EXCHANGES /.
lew York. Oct. s.-Fo-eign exchanges.

New York. Oct. 6.-Foreign exchanges
easy.
Great Britain: Demand. sA5iS: cables.
sl55is: 6O-day bills on banks. Si:s.;
France: Demand. 5.S9z; cables. S:sv-
italy: Demand. A49; cables, ASK.
Belgium: Demand. l.ss: cables. 800.
Germany: Demand. .oo0o0oi5; cables.
OO000015.
Holland: Demand. Sg.2I; caDies, Ss.S--
Norway: Demand. 1913.
Sweden: Demand, s5.4S.
Denmark: Demand, ll.sS.
Switzerland: Demand. 1855.
Spain: Demand. iS.4S.
Greece: Demand. l-5O.
Poland: Demand. .OQ0i's
Czechoslovakia: Demand. as.
JuEoSlovakia: Demand, liz
Austria: Demand. .o0li,
Roumania: Demand. ish.
Argentine: Demand. SJ.l-.
fBrazii 9S7-
Montreal. S7&.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-10-06
NEW YORK DRY GOODS.

Copyright By The San Antonio Light.
New York, Oct. 6.-General inactivity
marked the close OF this weeks cotton
goods markets. despite the reductions
forced by slackened demand. Mills con-
tinued 20 quote G0x64 pJsnt cloths at z
cents and 6sx72 print cloths at IL =
cents. but concessions were possible IN
second hands.
The raw silk market was firm, with
some increase in inquiries for spot goods
rising from pessimistic reports from
Japan about possibilities for the resump-
-tion Of shipments. Several mills are re-
ported to have gone ON short time owinS
TO the shortage OF raw silk.