davidaulloa/AmericanStories huggingface dataset:
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27
NEW YORK MARKET
Features Of the Days Dealings in All
tho Leading Stocks
Gas Buggies

New York. March 2G.-Hcavy selling
Tor both accounts brought about anoth-
sr sharp reaction in today's stock mar.
Ket. Higher call money rates and
speculative apprehension over the out
come of the meeting of the governors
OF the Federal Reserve Board in Wash
!ngton this week were outWardly at
tributed as the reasons : for selling
pressure. but the numerous sales of
large blocks of recent speculative IA
Sorites indicated liquidation by pools
winch had become discouraged by their
1sllurc to attract an outside following.
opening prices were heavy In re-
sponse TO the selling pressure emanat-
ing from traders unwilling or unable
70 meet the weekend margins calls:
Inc subsequent rally was attributed
20 snort covering by the professionals,
out when this was not followed up inc
onerlng of stocks increased and the
market again turned heavy. Operators
on the long side seemed disposed to
await the conclusion of the Reserve
hoard conference before extensively
extending their commitments.
4 az the close of business tonight the
averages showed that approximately
hhall OF the years extreme gains had
Deen forfeited in the last week with
many industria}S being quoted four 70
~ points below their high figures or
the Year.
: California Petroleum" was the indi-
vldual feature and one of the few out
slsnding exceptions to the reactionary
trend. Sales of this stock totalled ap-
pfoxmately $4,000 shares. the price
!ouching 104l, a new high record for
~ time. but easing at the close, to
tpvos, where it was up At on the day.
hnying of this issue was based on the
oniclal announcement that current as
sets were more than twice as large as
current liabilities and in excess OF
mount of all indebtedness combined,
tlO on speculative expectation OF q
stgck dividend in the near future.
net losses of one to TIVE. points were
recorded today by such i1dustrial IA
votites at Baldwin Locomotive. Repub-
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27
Ne II FINANCIAL NEWS


lie. Crucible and Gulf States Steels,
pan-Amcrican "A" Sinclair, Cosden
and Pacific Oil. American Can, Ameri-
huretor and many others. Speculative
disappointment over the showing made
in the first February railroad earnings
reports caused heavy liquidation in
that group.
Beechnut also moved aga inst the cur
S4t and then slipping back to 80. where
it was up Ia on the day. Most of the
buying is reported to have come from
shorts"
Call money opened at 81 per cent,
the highest renewal rate in some time,
hour. closing at that figure. The time
money market was quiet with a few
short maturities being arranged at 81
per cent. the bankers asking price. AL
though the ruling rate for prime COM
mercial paper is still per cent. there
is an increasing volume of 81 per cent.
paper:
were the feature of the foreign ex-
change mar * oh0nng eor ht
early loss was recovered and the price
run up to 6.G2a cents. weekend in
crease Of 15l points. Demand sterling
improved slightly t to Just under $50:
continued to hang over the bond mar
ket today with the uneasiness rem
dered more acute by speculative fear
that the Federal Reserve BOARD gov
errors meeting in Washington might
lead to another increase in the re-dis-
count rate. Prices sagged throughout
the list with the establishment of new
10 wrecords for the year by the second.
third and fourth Liberty AIS. and a
violent 19-point drop in Derry 4 Co. rs
on reports of new financing as the
days principal features.
There were = few outstanding eX-
ceptions to the rcaCtionary trend, not
ably Serbian SIS. Northern Pacific prior
lien AS and Union Tank Car Is. all of
which closed about a point higher. En-
cept for drop of IL in Mexican IS.
We're limited to fractions. The net
losses in the L. S.sgovernment bonds
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27

ers scarce. Arm; country dema nd
father narrow: bulk desirable bologna
bulls $3.50 $40: bulk Gamers S5b6
375; cutters asa u 400; bulk beef heifer,
e30M $50; bulk stockers and feeders SIS
a 775.
HOGS-Rectipts SIS. 900: strong to Toe
higher: closed active at days advance;
bulk $50 to 210-pound average $500
$50: top $50: bulk 225 10 800 pelind
butchers S10ms35; packing sews
around $3.50 go; desirable pigs slew.
SHEEP--RrceiFts 1a6RN; fat Isu,bs
weak to 25c lower: top 1860 to packers.
shippers and city butchers; huikh
sirable wooded lambs 1900 q 1890;
IN to 1850; seven cars good to choice
70-pound California lambs 1854 with
so out to the car at 1854; one deck na-
tive spring tambs averaging 46 pounds
1850: one load Sa-pound fed yesS,itng
wethers 1900: sheep very aca rec; nrac-
tically nothing doing IN feeders.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27
Chicago Cattle Market

Chicago Match 70.
CATTLE-Rcccipts $4,000; beef
steers uneven: early sales strong to 25
higher, closing largely steady to15c
higher; lower grades and desirable
handy weights rejecting most advance;
top maturGd steers 1910. weight 1887
pounds: best long yearlings $50; sew
era1 loads matured steers 975; bulk
beef steers S25 a $50: butcher she stock
10 to 25c higher: beef heifers up most
Gamers and cutters strong; bulls
strong to 25c higher: veal calves
largely S0c lower; ttockefs and feed.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27
Chicago Produce Market

NNIFUgU, MdTVH 20.
With enlarged receipts at primary
terminals and with an increase of the
United States visible supply total.
wheat today had a downward tendency
in prices, teh May delivery in particu-
lar. The close was unsettled at the
same as Saturdays finish to II lower;
1I4d. Corn lost 3Gs to Z and oats 1
to /. In provisions the outcome was
5 to 10 cents advance.
Selling which was led by houses with
eastern connections began to take eff
feet from the outset in the wheat mar
ket ard resulted finally in carrying
values down to the lowest level the
MAY delivery has reached in several
weeks. The ne wcrop deliveries failed
to show as much weakness as May,
although field reports as . rule were
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27

bearish. Much of the selling of May
anpeared to be liquidation on the part
of holders, the declines bringing into
play numerous stop loss orders.
Absence of any extensive fresh Flu
ropean buying of United states wheat
acted as handicap on the bull side of
the market. and so. too, did lack of
the aggressive speculative demand
which was recently something of a
feature. Little notice was taken Of
sdvices that exceptionally dry condi-
lions prevailed throughout Australia
and of gossip that wheat planting in
Canada this year would be reduced g.
200. 900 acres. N.
Corn and oats declined in sympathy
with wheat. notwithstanding a de-
crease in the visible supply both of
corn and oats.
Packers selling made the provision
market slow in responding to rise in
hog values,
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27
Boston Produce Market
by Beck

Boston. March IS. .,
BEEF-Choice whole cattle 14I IA.
RUTTER--EXtras 52M 50; hrsts 81
q 31A. ocaoc,.
CORN-No. . yellow 94695.
EGGS--Nearby hennery brown ex-
tras 32lI IS: white and mixed extras ~
M31; western extras 29MS0.
FLOUR-Spring patents. lS6-lb
sacks, speciaI short IT'S q 500; standard
HAY-No timothy ESQ 20.
I.NMB-Spring goa &c.
OATS-Forty pounds 62G63.
pORK-Medium backs 2sohm 3onp.
POTATOES-Green Mountains 1850
ESQ per 100 pounds.
StGAR-American Sugar Refinery
quotes nine cents in 100-barrel lots
less per cent. for cash.
NEAL&S 122.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27
Last Block Mill,
Bingham. Burns

bingham. Me-, March 2G-(Spcctsi)
The last block mill In bingham, he :
longing to the United ShaAk ahd
Surroundings company. was entirely
destroyed by fir. little after
8 o'clock Saturday evening. Match
"a. A diving shed. filled with Last
blocks. was, also burned -
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27
gEW8

ranged from Lac to 1892 Of one point.
Disappointment over the relatively
poor showing of the first February
railroad earnings statements stimu-
lated the liquidation in the railroad
division, although good buying support
vas forthcoming. and losses, with the
exception of Katy prior lien 6s
which dropped Il points, were held to
fractions. Industrials cased in SYM
patty with the rcactionary trend of
stock prices, l.. S. Rubber IS and Don
ner Steel refundins IS being the con-
spicuous heavy spots.
Total sales, par value. were $l1,-
$50, 900.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27
New York Money Market
New York. March II

New York, March 70.
Foreign exchanges irregular:
Great Britain. demand 4.6S 15-l6. ca,
hles 4.G9 3-1G. 60-day bills on pahhs
4.G6 1915. ,,eea
italy. demand 4.94i. cables 4.s45,
Belgium, demand 5.72. cables o.'1s'
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27
Cl.ASSlFIED.DlSPI.AY.
TO THE HolrEsBEID1 .

We are showing this spring some OF
the finest modern homes that We have
had for q long time. Most any. loca-
ton you wish. Also nearby farms.
Some good and all stocked. We also
have some choice building lots. II you
are interested give us a call Auto at
your service. -
Tel. 1061-W, Aueusta
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27
Painting-Paperino

A. A. MANSON-Painter and paper
hanger. kalSomining.. 10 Depot Sqr.,
Gardiner. Leave orders at c. L. Muir
rays sporting goods store, IL Depot
Square. Tel. AM.
WALL PAPERS-All the latest de-
signs. Let me estimate for you be-
fore you place your order. E. II.
Hodges. Painter IL Paperhanger, %
Gage street. Phone S9l.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27

$3.50 PER DAY-Paid one lady in each
town to distribute free circulars for
Economy NonAlcoholic Flavoring.
Permanent position. +. f. Barr Co.,
Chicago.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27
Help Wanted-MaIe

ALL ROUND-Man on farm. Must be
good mixer and teamster. for sum-
mer. 16 Water St, Randolph. Tel.
1N2-N
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27

THE FIRST words of The best ads in
the Classified Ad Section today tell
what each ad is about
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27

INSURANCE - Means protection to
you. We have all kinds. d. S. Nc
Naughton. l Depot So. Gardiner.
JUST AS GOOD-As a savings account
and you're protected all the time.
That's life or endowment insurance
n. Judson Cross. Tel. %, with the
ProVident Life Il Trust.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27
Poultry and Supplies

BABY cHICkS-S. G. II. j. Reds. H.
Rock. S. G. w. Legflorns. $. G. Anco-
mas from heavy laying stock Matched
in my Ncwtown Giant and Buckeye
Mammoth incuba tors for Shipment
every Tuesday; 81 per %. $3.50 per
so, SIS per 100. sS5 per 500, postpaid:
live delivery quarantced; cash with
order. | have a few one and two
weeks old chicks for $22 and $26 per
100. F. A. Ncwey. Winterport.
COCkERELS-Pure bred r. |. Reds,
both rose and single combs. healthy
and from heavy laying strain. $3.50
each. Miss Addie Cross. Thorndike,
Maine
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27
Situations Wanted-Male
LIVE STOCK
Dogs, Cats. Pets

COLLIE PUPS months old. very pref
ty: $40. X. L. Bailey, r. l Augusta.
Tel 164-6
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27

!. How many people are reading classi.
fed ads now.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27
LIVE STOCK
Poultry and Suonlias

EGGS-For Matching. r. /. Reds
heavy laying strain, 75c doz. or s. To-
100. Eric Miller. Gardiner Route 13
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27
Observation-Disclosures

HAVE YOUR-Hen.Stitchi done at
st. TEX 1o46-W,
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27

KITCHEN HEI4P--l'or summer hotel
at beach. T.. f. Noycs, r. - Gardi-
ner. W. l.. Merrill. 10 Cushman ST.,
Port land.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27
EMPLOYMENT
HOLD Wanled--M ale

BOAT BUILDERS-Ship carpenters.
yacht painters and fnishers. wanted;
also risgcrS on small wire splicing.
Apply by letter. Dauntless Shipyard
Inc. Essex, Connecticut.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27

YOUR CLOTHES-Will look right If
You bring them here to be renovated
or pressed. Parcel post orders at
tended to. Berry the Tailor. POI Wa
ter ST.. Augusta.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27
MERCHANDISE


BABY CARRIAGE-Brown iced. Price
S15. Call .S94-J after 6 Il. NJ
CHIROPRACTIC COURSE-And charts
cost $145. for $35. Box 444, Bath.
Maine
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27

SAW RIG-New mounted one with 6
II. r.. /. II. co. Famous Engine. slid
ing. already for business. j. Il. Me-
COimck 4 Son
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27
The Ads On This Page Will Mean Profit Satisfaction Many Today
BUSINESS SERVICE
Tailoring and Pressing

WHO DOES YOUR CLEANING p
Call 562-M for your dyeing and press
ing. Foster Dye House, Cony st.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27

LIVE POULTRY--Wantcd Will pay
highest prices. Donald Campbell. .
Patterson st. Tel. 672-Y.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27

EGGS FOR HATCHING-Pure bred
Columbian Wyandotte aad White Wy-
andotte. f1.50 per dozen. Abbott Farm
Co.. Augusta. Tel. 6B1-W.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27
LIVE STOCK
Horses, Cattle, Vehicles

BOAR-White Chester; weight about
~; good one. Price $50. W. L..
Brown. X. 4. Augusta Tel. 1925,
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-27

Businels and Office Equip't So
NATIONAL CASH REGiSTERS-New
and End hand. SIS and up. Also filing
systems. Easy monthly payments.
l.. b. Berry. Room Is. Augusta Trust
Co. Bldg.
TODD CHECK NEUTRALITY-SUSPICIOUS.
condition. B-2. care Journal.
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1923-01-05
COMMUNISTS IN THE OPEN
CALL FOR DICTATORSHIP
APPROVING INSURRECTION
workers Party Claiming Membership of 30,000 Would
First Destroy American Federation of Labor
in Plan For Control

losophy of the labor movement is the
direct opposite of the philosophy of
communism, if communism possesses
philosophy.
The aim of the communist organiza-
tion is dictatorship, and nothing
is more hateful to American labor
than dictatorship in any form. The
avowal of belief in dictatorship is
the first and the final evidence of
treachery to the workers, and it is
the one thing above all which stamps
the communist propaganda with sin
lister character and as an agency of
destruction.
The labor movement is sought as
the first victim of communism. If this
great pillar of democratic civilization
can be pulled down the structure must
soon fall. The responsibility of the
labor movement is not trifling one
in this respect The cause of democ-
racy must have the full allegiance
of labor.
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1923-01-05
CLIFF DUERR
Is New President of Paint
ers' and Paper Hangers
Local

Painters, Decorators and Paper
Hangers Local Union No. 1876, held a
largely attended and interesting
meeting last Thursday night in the
labor temple. Much routine business
was transacted and several matters of
much Importance to members of the
organization were discussed at great
length. The members of the craft are
lining up solidly for united front
in the coming year with an idea in
view of making a 100 per cent organ
ization in this city. The big feature
of the meeting Thursday was a spir-
tied contest for election of officers,
which resulted as follows:
President, Clifford Duerr; vice
president, Edward Faith; financial
secretary, Louis E. Sprandel, Jr.; re-
cording secretary, Lester L. Long;
treasurer, Walter Siekmann; warden,
Chas. Hessberger; conductor, Edward
Keller; trustee, Edward Keller; dele
gate to Trades Council, Owen George;
delegates to Building Trades Council,
Glenn Thompson, Walter. Siekmann,
L. A. Brown.
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1923-01-05
"OPEN SHOPPERS" SEEK TO
BRING CONTRACT LABOR" in
FIGHT TO REDUCE WAGES
Organized Labor Makes Vigorous Protest and Calls On
Secretary Davis to Make Thorough Investiga-
ton Before Approving Plan

union-smashing decisions, the Mer-
chants and Manufacturers Associa-
tion of Washington, D. c., passed
under the influence of a delegate from
the Craft Association of New York,
and speaker from Baltimore, Md,
who promised every support to the
employers in case of an open conflict
with the international Jewelry Work
ers' Union.
"This anti-union policy led to a
strike, resulting in complete shut
down of the Won STEINER & Baum
gartner plant In the course of time,
finding that they cannot run their shop
on promises of speakers from the
New York Craft Association, the firm,
instead of adjusting their differences
with the International Jewelry Work
ers' Union and thereby getting all the
skilled help they were in need of,
have resorted to importation of con-
tract labor, while American citizens,
wage earners in the jewelry industry
in the United States, were tramping
the streets of the big cities in search
of jobs.
"The above-described is not the first
occurrence of its sort At the Fifth
general convention of the l. j. w u,
the writer reported that manufact-
urers in the United States and Can
ada are recoursing to importation of
contract labor from Europe; that sill
yer workers from Sheffield, England,
and that manufacturers of high-grade
iewelry in New York City have
brought over jewelry workers from
France. As a step of mutual and
self-protection against Importation
of strike breakers, we endeavored and
are still exerting our efforts to es-
tablish close relations between the
workers throughout our jurisdiction
in the various countries.
"In the meantime, we are determin-
ed to stop the practice of unlawful
importation of labor by every means
available. With this object in view,
the case was referred to the president
of the American Federation of Labor,
requesting the executive council of the
A. F. of L. to adopt measures whereby
in agreement with law, employers
will not get encouragement from Of
fcials to import jewelry workers to
this country and to jeopardize the
welfare of American workers who
happen to be on strike or others Of
whom plenty can be found in this
country Before determining to grant
permission to import contracted labor,
Continued on last page)
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1923-01-05

BY International Labor News Service.
Washington, d. C.--Anti-union en-
ployers, operating under the so-called
"open shop" have been detected in
attempts to import European labor
from Europe into the United States
under contract, SO as to defeat the
trade unionists in forcing down
wages
An instance of the importation of
European jewelry workers under con-
tract by Won STEINER G. Baumgartner
Co, manufacturing jewelers., 1116 F
street, Washington, D. c., has been
protested by the International Jewelry
Workers Union, and the case is now
under consideration by the immigra-
tion bureau of the department of la
Dor. The bureau claims to have given
permission for the importation under
contract of these workers upon the
representation that this labor is not
available in the United States. Fol-
lowing is the version of the case
given in the Jewelry Workers Month
iy Bulletin for December:
Until the industrial depression set
in Tin the winter of 1919-20), the firm
of Won STEINER & Baumgartner was
on most friendly terms with the In
ternational Jewelry Workers Union
In the busiest of seasons, when skilled
labor was scarce, we supplied the
firm with all the help they needed.
The affliation of the employers with
the Merchants and Manufacturers
Association of Washington, D. c., and
the affiliation of their employees with
the International Jewelry Workers.
Union, Local No. II, of the same city,
was of mutual benefit to both parties
concerned Each year the firm and
the workers have entered into work
ing agreement through their respective
organizations. During the life of the
agreements, there was no complaint
as to breach of any kind and satisfac-
tion of both parties led to its renewal.
However, after the winter of 1919
and 1920, when the industrial depres-
sion was at its height, the Merchants
and Manufacturers Association of
Washington, D. c., decided to Join the
open shop drive, to compel the jewel
ry workers employed in Washington,
D. c., to sign individual agreements
with their respective employers, to the
effect that working hours shall in
crease from A to 48 per week; to
force the workers to reHnquish their
membership in the union and deprive
one of employment in case he volun-
tarily leaves his job. It's drastic
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1923-01-05
Wall Street Opens Fight on
Progressiues, Covering Trail
With "Scientifiic Smoke Veil

ried indefinitely, because the margin
of safety grows smaller. Proper fl
nancing of the roads requires that ap-
proximately one-half of the capital
shall be represented by capital stock,
in other words, that proportion should
be proprietary capital in order to OBJ
tain favorable terms upon borrowed
money. Very little new capital has
been raised for railroads by that
means recently. Expenditures for roll
ing stock are financed mainly by
means of equipment trusts, the new
equipment being mortgaged for about
rs per cent of its cost.
1t will be noted that the stock mar
ket is set up as an Indicator which
quickly detects unsound departures
What is really the case is that the
stock market quickly detects develop
ments unfayOrable to speculative in
terests. The stock market is no in
dicator at all as to the real soundness
of economic proposals.
Continued on page three)
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1923-01-05
By CHESTER NJ. WRIGHT

The National City Bank of New
York and the New York Trust Com
pany are among banking concerns
which publish periodical reviews of
important economic financial and po-
litical events. 1t appears to be the
intention to give these reviews the
of impartiality and to Gre
ate the impression that they speak
as the final word of authority Pre-
sumably they are distributed among
stockholders and depositors, but they
find a growing circulation outside of
these ranks, and they may be had by
anyone who will inquire for them.
The Cleveland Trust Company also
publishes such review and the re-
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1923-01-05

gated. A joint committee was Gre
ated, and then the commission failed
to function because of the bosses de-
mand that the workers. production be
also investigated.
The unionists refused to divert the
original purposes of the probe, and in
this they were joined by the impartial
chairman, who has now resigned The
unionists charge the bosses with evadi
ing the investigation. They say that
when the facts are made public the
excuse for high prices will disappear.