davidaulloa/AmericanStories huggingface dataset:
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

lIaliss regular meeting of Fortress
tonisSsx' auxiliary No. s, will be held
Theran az 1880 in Odd Fellows hall.
gres .. VIII be a rehearsal of the de-
- ssaH after the meeting.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

c. III. Goodhue returned to this
city last evening after a short BUSH
ness trip to Boston.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

S. c. Duncan and F. M. Ramsdell
of Bangor were calling in the city
last evening.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

F. G. Gray of Pennington is in
this city on a short business trip.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

! C. E. Berry of Portland is in Wat
erville on business.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

S. v. Wright of Middlebury. VT,
was a business caller in town Thurs
day.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

i, roy Libby returned to his home
h ~ .ne Melcher last evening after a
BUSINESS trip to Brighton, Mass.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

n r. A. Chandler Of Lewiston IS Wis
liting in town for q few days.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

C. D. Weston of Madison is passing
a few days in this city.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

Additional WaterviIIe news and ads
wv! Dc found on Pages 8, 10 and II
Of this issue.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

Frna. and Mrs. John Joseph of "a
latios. street are receiving congratu-
petes on the birth of q son, Louis
W.T. born Wednesday.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

norman Wilkins was in Bangor on
business Wednesday.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

Snaries Cony will return to his
h,,n me IN Auburn today after a short
BUSINESS visit in this city,
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

p,sar and Mrs. Oscar Halle Of 100
daunssaht street are the parents of a
Oh sne, ,, Theresa Florence, born on
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

airs. Lloyd Taylor of Unity Is III
~ the Elm City Hospital.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

NJ =. Z. Dow of Livermore Falls is
fr;ssing few days in town with
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

Per capita flre loss in the unite&
States last year was the ereatest ii
the world.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

o,. "A. L. King of Portland is in the
'i'y on short business trip.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

c. p; :. Whitney of North Arson, was
s ~ang on friends in the city last
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

n Sonrad Kenniso of Orono passed
fr e night Thursday in town with
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

nenry Clement of Boston is in
'o"n on a few days business trip.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

G. A. Jenkins and E. G. Woodcocl
of Lewiston are in town on business
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

George Smith of Lewiston was in
Watervil1e yesterday on business.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

George King of Lewiston, was g
BUSINESS caller, in Waterville Thurs
day.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

Mr.. and Mrs. r. E. Cleaves of
Portland, were calling in town last
evening.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

hnss;L u. Parker OF Portland was a
daS 'iess caller in Waterville yester-
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

russell Bailey of Sidney was call
hs on friends in town last evening.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

frank Kanaly Of Orono was q
BUSINESS visitor in town yesterday.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

E. E. Cannon of Bath Is visiting
in town for a few days.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

William Dunn of Bangor was II
the city yesterday on business.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

II. A. Morris of Augusta was in
Watervillc last evening.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-11-02

Philadelphia, Nov. 1-rhrss men
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-06-08
Chicago Grain Market.

CHICAGO, June S.-Grain features
opened generally lower today, At
Liverpool wheat was off q to u
pence at 2 o'clock. Here the first
quotations were:
Wheat--July, 3109A @1 .101s; Sep
TENDER. $1.09@1.09A; December.
tI.11@1.11h.
Corn. July, sOA @soRc; September,
TN @775sc; December, 665s @66%c.
Oats - July. 42asc: September.
3SEc; December. 40@40Bc.
Rye - July, INC; September,
72Nc.
Wheat encountered general selling
ct the start, some of it believed to
be hedging. Buying support was
lacking and trade was moderate.
Trade was small in corn and addi-
tional losses were made after the
opening on local selling. Buying
support was weak. Trade was small
in oats with offerings limited.
Commenting today, one house says:
''Today's wheat market is likely to
be ,featureless, as everyone awaits
the Government estimate to he is-
sued after the close. Condition and
acreage of spring wheat, oats and
barley will be given as well as con-
dition and yield of winter wheat.
The popular expectation is for $780,
100000 bushels of winter wheat and
230 100000 bushels of spring wheat"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-06-08
WHEAT EXPORTS
SHOW LARGE
DECLINE
U. S. Is Losing Some OF Best
Customers Due to Revival of
Other Grain Centers.
BY TOM EvERRITT,
Cosmopolitan News Service.


The international wheat situation
is distinctly unfavorable to the
United States, report of the
United States Department Of Agri-
culture indicates, and present signs
are that there will be at the end
of this season a larger carry-over
Of wheat in the United States than
there was last year, notwithstand-
ing very considerable reduction
in planted acres in the winter
wheat area.
Beginning the year with a supply
estimated to be about $4,000 300
bushels greater that at the begin
ming of the year 1922, on March
stocks exceeded stocks as of the
same date last year by $4,000, 900
bushels, the statement says, and in
the first ten months of the season
the United States has exported only
1874, 900 900 bushels as against 1885,
100000 bushels in the same period
last year.
The wheat area Of Europe out
side of Russia, including all i'm
portant countries except Hungary
and Germany, reported to date,
shows a net increase Of 100000
acres. and on the basis of average
yields per acre in these countries,
this increase would produce IL ,000,-
900 bushels, the report shows.
Besides this, India has already
harvested q record crop which will
give her a possible exportable sur
plus of 105, 600, 900 bushels of wheat
against only 9,O00,0 900 bushels ex-
ported last year. while consider
able increase is reported in the
fall-sown grain of Russia. where a
large increase in the spring seed
ings is expected, and in the south
ern hemisphere seedlings are in
progress with prospects for some
increase in Argentina, to all of
which may be added Canada, which
harvested a record crop last year,
the report says.
1t further states that the United
States has had to meet increased
competition from other countries,
so consequently our exports to
most of the European countries
have been less than last year.
Only France has taken more wheat
from the United States; Germany
has taken more rye but less wheat:
the United Kingdom has taken
more wheat from other sources,
principally from Canada and Argen-
tina and less from the United
States.
The worlds supply of wheat for
this year was very evenly balanced
with that for last year, but It was
distributed differently. there having
been larger deficit in Europe and
a greater exportable surplus in eX-
porting countries outside Of Eu-
rope.
TIL report does not indicate just
what effect upon the United States
domestic market this unfavorable
international situation will have,
nor does it attempt to throw any
light towards a solution of the
difficulty, but the plain inference
seems to be, from a close analysis
of the report. that if. with a reduc-
ton in the United States of 2,377,
90 acres in winter wheat area, as
was the case this year, and with
foreign countries regaining their
stride in wheat production, Amer
lean wheat producers will have to
look elsewhere than to foreign
markets for their customers.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-06-08
BUSINESS BOON
DUE To HIGH
WAGES
BY w. III. ATKINS,
International News Service.


High wages and full employment
of labor is responsible for large
measure of prosperity the country
now is enjoying. the Federal Re-
serve Board said today. Strong buy
ing power is displayed by masses
generally, the board said. This is
keeping up large production and is
responsible for unusual activity in
the retail trade.
High Wages Shown.
The board in survey of industrial
and manufacturing establishments
found that a group of factories en-
ploying 500, 900 workers, are paying
their workers SO per cent more than
last year and are employing II per
cent more labor.
AS production and distribution of
goods has continued in exceptionally
large volume, consumers have shown
well sustained buying power and
consumption has kept pace with pro-
duction.
Review of conditions in the manu-
featuring centers showed that manu-
facturers and merchants have dis
played reluctance in accommodating
large stocks. This, the board con.
cludes, is a favorable factor for it
and has checked a rise in the price
of certain basic commodities, chiefly
those commodities which have fig
ured in rapid price advances. The
board found that producers and dis.
tributors are exercising ordinary
business caution in not permitting
oVer-production.
Farmers Now Buying.
The board emphasized the impor.
lance upon the general business sit.
uation Of larger buying power by
the farmers. Farmers are buying
in large volume to meet ordinary
needs and to replace and increase
their equipment
This has resulted partly from the
rise in prices of agricultural prod
ucts and the larger movement IT
farm commodities to market
An outstanding feature Of the
favorable business outlook is the
continued growth in building activ.
ity, reports showed. Continued heavy
demand is noted for bunilding ma
terlals despite high prices.
Building OF, residential structures
on account of the long existing
shortage is proceeding upon a large
Iseale throughout the countrys
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-06-08
BANKERS WARN
Of DEFLAT|ON
DANGERS
How Best to Minimize Troubles
Discussed by Monetary
Association.
BY Cosnop olitan News Service.

NEW YORK, June Show infla-
ton can be checked and the dangers
of a deflationary period minimized.
were among the important topics
discussed at the annual meeting Of
the National Monetary Association,
in progress today. Many leading
economists addressed the meeting.
John e. Rovensky. vice president
OF the National Bank of Commerce,
said the proposed plan to move dis.
count rates in response to changes
In price levels would be, In his
opinion, ineffective.
A better plan, he said. would be
to grant the Federal reserve board
discretionary powers to vary the
required reserves OF the Federal re-
serve and member banks. such
changes to be made with due re.
gard to changes In the general
price level as officially recorded IN
the commodity price index Of the
Department Of Labor"
A considerable outflow Of gold
from the United States was pre-
dicted by III. A. e. Chandler, also
of the National Bank Of Commerce,
In the near future.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-06-08
SEEN As
COMING GRAIN
N|ARKET
Krassin Says Country Again
viii BE Worlds Big Raw
Material Source.
BY DAVID MI. CHURCH.

LONDON, June S.-''Within the
next few years Russia unqaestion-
ably viii recover her pre.war posi-
ton in the world market ~
source OF supply Of grain. agricul-
tural products and raw material"
Leonid Krassin. Foreign Trade
Commissioners Of Soviet Russia.
makes this confident and bold pre-
diction.
at must not be forgotten, Krassin
said, that Russia emerged from
any other European country. and
bors much heavier sacrifices, both
economically and in loss OF life"
Krassiri then pointed out that
the total value OF Ruseia's exports
has increased from 10000 900 in
1921 to 10000. 900 In 1912. He
stated that the ANTICIPATED value
OF exports I'm 1923 will be approx.
n1ately 5000, 900 900, an increase Of
400 per cent annuI11.
Soviet Rebuilding.
:.The Soviet government Is max
ing heroic efforts to rebuild trans
port and heavy industry, =" KrasJy
SIN said. The task 10 somewhat
difficult, as the destruction and en-.
haustion of big factories and
works, as well as the expense in
Volved, are more considerable than
in the middle and light industries.
Nevertheless the. great majority of
branches have succeeded In main
tanning their basic equipment In q
more or less satisfactory state.
Notwithstanding all difficult
conditions and the havoc OF the
civil war the railways are slowly
but ceaselessly increasing their ef-
ficiency, and the number Of cars
furnished every day for loading
and unloading at q given place sur
passes the maximum figures Of the
last five years.
Slowly Recovering.
'4The textile and chemical indus
tries are producing sone.third Of
their pre1war Figures.
THE position ID somewhat worse
In the coal mining industry. where
the equipment was exhausted be-
fore the revolution, especially the
boilers. and where 1t was difficult
to secure the power required.
THE oil Industry at Baku Is
yielding already SO per cent and
in Crosby even 80 per cent OF the
pre-war figures. Poland and Ru-
mania, who experienced neither
blockade nor Intervention and who.
on the contrary. have received and
are receiving foreign hs1p In the
form Of loans. can hardly boast OF
the better state or their oil Indus
tries.
"On the whole we see, therefore,
q slow but progressive recorstruc-
ton Of Russian economic Ife.
Little by little, IN keeping with
the general internal recovery Of
the country, IL proceeding the de-
velopment of our foreign trade"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-06-08
Equals 100000 Horses.

Picture a line of 40O, 900 tug
ging. straining horses stretching
from New York to Chicago. The
total power exerted would stil fall
nearly 20 per cent below the electric
power which will be generated at
the new station to the erected by
me Funllc service Corporation in
New Jersey. Suppose these 4OO, 600
horses could be bought for $3.50
each; the total cost would be $100,.
100000. or two and one half times
the cost of the New Jersey electric
power plant. 1t is said that this
new electric station will be one of
the largest, II not the largest, in
the country 1t will be situated on
Loo acre plot at Kearney, N. j..
for electric power which has more
than tripled in the past twelve
YeArA.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-06-08
RAIL ST 0 OK s
LEAD DULL
MARKET
oil, Steel, and Equipment
Stocks Irregular in
Early Trading.
NV COSMOPOLITAN News Service.

NEW YORK. June S.-With the
exception of low-priced railroad
stocks, which were heavily bought
from the start at rising prices, trad
ing in the first two hours on the
stock exchange today bore dull
and irregular appearance with
prices making little progress in
either direction. The market was
only slightly affected by cable dis
patches telling that France would
reject Berlin's latest reparation
offer. Wall Street felt that the
new terms formed a basis for re-
newed discussion and that a solu-
ton of the problem may be nearer
than generally Is expected. Bust
ness was again entirely dominated
by professional operators who tried
to. work for lower prices, concen-
trating their efforts on Interna-
tional Harvester, American Express
and some of the oil stocks. Har-
vester went down two points to q
new low at TAN, and American Elk
press dropped five points to SO, still
under the influence of the recent
dividend reduction. The general list,
however, held up well with losses
holding within fractional limits.
Low-priced railroad stocks led the
market in the early dealings.
Strength was based on the expecta.
tion that different issues will be
placed on a dividend basis before
the end of the year. Baltimore and
Ohio and Southern railway were
most pronounced, both rising a
point to. SOS and 49, under large
transactions. 9. 81
Gains or q point or more were
established by st. Paul preferred.
Western Maryland second preferred,
and Rock Island Pere Marquette
rose to anew high at As.
Oil stocks. We're again under pres
sure in connection with the. un-
favorable conditions prevailing in
the industry. California Petroleum
lost 2 points at 10. Fractional
losses were registered by most other
members Of this group.
Steel, equipment and motor stocks
were depressed at times but showed
good resistance to selling pressure.
Schultz Stores was strong spot.
advancing about 2 points to 92h.
Wooiworth was active and points
higher at 231.
CAN money renewed at Az per
cent.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-06-08

Open. High. Low. Close.
Money on call. AZ -. -. -.
Sale of Stocks up to
IL am. IL noon. 1p.m. Ppm.
207, 500 100000 ........
Sale Of Bonds up to-
II am. IL noon. 1p.m. 2p.m.
3,54O, 900 6,265, 900 ........
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-06-08
N. Y. Cotton Market.

NEW YORK, June S.-Heaviness
was noted at the opening of the
cotton market today with prices
from thirteen to thirty-six points
lower. The new crop months ap-
peared under most pressure, due to
the unfavorable weather in the belt.
Lower quotations from Liverpool
after early firmness at that center
also checked enthusiasm, resulting
in profit-taking by bullish traders
and some selling for short account.
July opened at 1855, off 10 points;
October at 24.36, off twenty four
points; December at 1888, off 20
points, and January at 2S.40, off
SO points.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-06-08
Foreign Exchange.

NEW YORK, June s.-Foreign
exchange opening: Sterling, de.
mand, $4.61 Is; cables. ASIA. Francs,
demand, .0644; cables, .O6441a. Lire.
demand, .O467; cables, .O467k. Bel,
gian francs, demand, .O555b: ca
lies, .0556. Marks, 1920 to the dol.
lar. Czechoslovak kronen, demand
.O299; cables, .02991a. Swiss francs.
1900: cables, 1902. Guilders. de.
mand, 1921; cables, 1924. Pesetas,
demand, 1909; cables, 1911. Sweden
kronen. demand, 1853: cables, ,o6G3,
Norway kronen, demand, 1873; Ca.
bles. 1874; Denmark kronen, de.
mand, 1875; cables, 1879.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-06-08
Shrot Term Securities.

Furnished by W. B. Hibbs 4 Co.
Alum. Co. of Am. rs, '25I103kI1O3%
Alum. Co. Of Am. rs, '33I1O5N i1O0
Am. Cot. Oil 6's, "a. 90 90
Amer. Sugar 6's, '37. .llO2 I1O21I
Amer. T. & r. 6's, "a. .I1OOA 1O035
Amer. I. 4 I. SIS, '25. .I115A I116N
Anaconda Cop. 6's, '29. l1O1 IL l1O1 q
Anaconda Cop. rs, 1929l1O3 i103I
Anglo Am. Oil TVS, 1925l1O2N los
Bell Tel. Of Can. rs, '25l1O2 %ilO2X
Can. Nor. 5h's, 1924. hoo 1OGH
Cent. Arg. Rwy. 6's, '27l 97% 98H
Central Leather SIS, 1921 1854 9s7;
c. c. c. & st. l.. 6's, '29I1O1 hl1O1 a
Chi. Tel. SIS, 1928. 99{si100J
CCuPonI ~ 8, 1881. -. 10TH l107.S
Gooo. :: & r. rs, 1881. 104hI los
Great NOR; IS, 1885. -. 1851 109
5ockLng val Is, 1924. 1907 l10O1a
Humble Oil 55s, 1882. 97Ti 98L
Kan. City Term. IS, '23. i100H 100 :
kennecott Cop. Is. 1890. I1O3% i10SI
L., Men. & l.. rs, 1881 loo i1001I
M.,St. p. &S.S.M. 6hs.'31 .l103H i103 =
pon 20: I2s 80. =. 100A T1O1A
st. 2. I'm. Dep. 5hs, '23. loo l. i10I 5
=, Roe. & Co. Is, 1928. .i1OOt@i10o -
Stand. Oil of Cal. rs, al I1O5Hi10c -
Underwater Oil 6hs, 1881 .i102 j1o2,.
= @ tank Car rs, 1880. !10sA 1O4
VS. u 1 TTa RS 1880. :. 1861 l1O7A
w III. oa2s' 1885. -. 100 109M
w. Ell. Mfg. rs, 1881 l1OS-j1O7,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-06-08


Opening prices: Bid. Ask.
Anglo Am. OIL Co, new. 1871 I5N
Borne-Ecrymser Co. .l127 l132
Buckeye Pipe Line Co.. 81 IS
Cheseborough Mfg. Co 1885 1910
Continental Oil Co. 30ki 4Oh
Crescent Pipe Line O.. Is 10
Cumberland Pipe Line. .I1OO l1O4
Eureka Pipe Line. t101 I1O3
Ga1ena-Sig. OIL Co. CON- 81 Sc
Galena-Sig. OIL Co. pfd. .l112 l1I4S
Illinois Pipe Line Co. Use l162
' assiessl p 4Rsan !. g eo.:. e wi IS
". r. Transportation ca. lf10 TIA
North. Pipe Line Co. SO l1O1
Ohio Oil Co.......... 66 81
Prairie Oil & Gas Co. =. .l197 [2O0
Prairie p. L. Co. l104lkl105
Solar Refining Co. hiss l19O
South. Pipe Line Co. 90 98
South. Penn OIL Co. -. l144 I147
S. w. Penn. p. l.. Co. 80 SO
Stand Oil Co. Cali. SO ssh
Stand. Oil Co. Qnd.l. 5SAi So
Stand. Oil Co. Rans). 431al a.
Stand. Oil Co. Ry.). 8911I 9O3k
Stand. Oil Co. Neb.l. 1915 1926
Stand. Oil Co. IN. W. ! 39A 39%
Stand. Oil Co. (OhioD. 1880 1886
Swan & Finch Co. 1890. 80 IS
Union Tank Line Col 81 80
T WssSins,s oi' q s.. Co.: ss2 i ~
Penn Mexican Fuel is II