davidaulloa/AmericanStories huggingface dataset:
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-15

During the war the demand for
beef cattle was so great that prices
rose, making beef-production unusu-
ally profitable, and beef-producers,
like tire-producers in the past year,
strove to increase their output. Tire
production is increased by factory
extensions, new equipment and more
workmen, but beef-production is in
creased by the slower process OF
building up herds. Individual grow
ers, however, were tempted to in
crease their own production by buy
ing stock cattle from each other, the
effects'of which were to run up prices
and get many of them deeply into
debt. When the demand for beef for
the armies fell of and industrial de-
preston spread over the world. beef
consumption fell off, prices FELL. and
stock-growers who had borrowed
money to pay for cattle at high
prices have been obliged to sell their
herds in markets overloaded with
offerings. The situation was I'M
balanced one way when the growers
were bidding against each other in
their efforts to increase their herds
and unbalanced the other way when
they were trying to sell in markets
where sellers greatly outnumbered
buyers.
Growth of Hog Market
Corn and hogs are commodities
closely related in the marketing pro-
cess and in values. For several years
prior to 1923 the equilibrium between
them was lost. hogs bringing rela-
lively higher prices. The effect Of
This situation was to stimulate the
breeding of more hogs. until in the
past year the number marketed was
"a per cent larger than in 1922. This
turned the situation over, with the
balance the other way.
There are other cases that might
be mentioned to illustrate the inn
portance of balanced relations be-
tween the various independent fac
tors in industry and to show that
the adjustment and regulation of
these relations must be managed by
the parties Immediately concerned.
The entire system of interchange by
which the wants of society are sup.
piled is regulated by the fuctuation
of prices. Over-development any
where is corrected by fall of prices
and acknowledgements is corrected
by a rise of prices, and all this rcgu-
lation is accomplished far more eff
fective1y by the free play of natural
forces than it can be done by gov
eminent regulation. The latter would
require a dictatorship not only over
prices but over all industry, regulat-
ing individual activities and doing
away with individual judgment and
individual independence.
None Of the cases of maladjust-
ment mentioned above have been
caused by governmental action, ex-
cept in the general sense that gov
ernments were responsible for the
war, and governments cannot cure
them. Any attempt by the govern
ment to remedy them would inter-
fere with the natural readjustments
and delay recovery.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-15

FURNISHED to the Kennebec Jour-
nal through the courtesy of ]. A.
Carnage & Co.. of Augusta and
Waterville.
Washington. Jan. 1i.-Principal
insurance companies Of the United
States wrote new policies valued at
approximately eight billion dollars
during 1928, it is indicated by pre-
liminary trade reports.
Throughout the year, insurance
was absorbed by the nation in a
volume greater than ever before, ac-
cording to data collected by the U.
S. Department of Commerce.
Sales of new insurance constitute
n barometer of the financial condi-
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-15

ton of the great mass OF residents Of
the country. In times OF economic
depression. purchase of new insur-
ance policies is deferred.
During the first eleven months az
1923. the face value OF new policies
written by principal companies
averaged nearly six hundred and
twenty eight millions monthly. or
more than in any preceding year
Sales dropped off in 1921 during
the nation wide economic depression
but began to- recover in the following
year.
Insurance companies hope for n
further increase of business during
1924.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-15

lowing reports that the Paris sugar
exchange had been closed on account
OF the sharp decline in francs. March
sold off from $50 to 4.72 and May from
AL to 4.S1. making net declire.t of
three points. hut later rallied On cover
ing and Cuban buying. with the mar
ket closing net unchanged to four
points higher January closed 4.95,
March ATS. May ASG. July 4.GG.
a fair inquiry is reported for refined
sugar ut unchanged prices. which
range from S.25 to $50 for fine granu-
lated.
Refined futures nominal.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-15
New York Money Mark ct

view YORK. Jan. II.
Millions Of French francs were
thrown into the London, Paris. Am
sterdam and New York markets to-
day by European spectators. causing
the demand rate to break 30 points TO
APT cents, the lowest price ever re-
corded. Subsequent short covering car
ried the rate to 4.40 again in the late
afternoon
Sharp breaks also took place in
sterling. guilder and yen exchanges.
Demand sterling dropr ed nearly four
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-15
Boston Produce Market

Boston, Jan. ~.
, BEEF-Choice whole cattle 1CmI1.
953.
CHEESE-Fresh choice 2J02j!:
firsts 23p24.
CORN-No. 2 yellow 96997.
EGGS-Nearby hennery brown OK
tras 81 q SO: white and mixed extras AZ
900; western extras 47M5g.
FLOUR-Spring patents. 10Th.
sacks, special short G,504735; stand
ard 6.50@f35.
HAY-No 2 timothy 2702S.
Thanksgiving 22m25.
OATS-Forty mounds 51T62.
PORK-Medius backs 29.00M32.0n.
POTATOES-Crecn Mountains 100
42.0a per 100 pounds: sweets $50.
SUGAR--American SuEar Refinery
quotes $50 cents in 100-barrel lots
less 2 per cent. for cash.
VEAII--12W25.
Heavy selling Of foreign exchanges
In European markets results In sharpe
recessions in British, French and
Dutch rates at opening Of today's for
eign exchange market.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-15
SPOR rs

State College, Pa, Jan. 1.-THE
basketball game scheduled between
Dartmouth and Pennsylvania State
College here tonight was cancelled.
Cleveland, Ohio, Jan. 14-Thirteen
exhibition games have been booked
by the Cleveland Indians with Ma
tional League and American Asso-
citation clubs during the spring train
ing season. President E. 8. Barnard
announced tonight. OF these, seven
will be played in Florida and the re-
mainder on the trip north. The first
game will be played on st. Patricks
Day at Lakewood, the Indians train
ing grounds, with the Cincinnati
Reds. A game with the Boston
Braves at st. Petersburg is schedu-
led for March %.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-15

cents to 4.o2i, Dutch guilders broke 60
points to $3.50. and Japanese yen
slumped more than one cent to 1880
cents. All made partial recovery later.
Selling Of French francs was based
on the unfavorable publicity given
French finances and measures adopted
by the French government with the an-
nounced intention of checking the de-
cline, and General Dawes admonition
to forget politics at the opening meet
Ing OF the reparations conference. The
threatened labor disturbance in Great
Britain also was factor
Foreign exchange trading rooms in
the local banks presented scenes OF
unusual activity this morning. Hun
dreds of orders to buy and sell francs
had been received by cable by all the
large institutions. SO great was the
accumulation of business and SO fast
did rates drop that many orders were
not executed because the market had
ers. Much of the business represented
arbitrary transactions. Strength OF
Italian lire. which sold above French
francs for the first time since the war.
was attributed to heavy purchases by
French interests.
Foreign exchanges weak.
Great Britain, demand 4.23k. cables
4.2Sa. 60-day bills on banks 4.20H.
France. demand 1864. cables 4.3G.
Italy. demand 4.36a, cables 4.37
belgium, demand 4.05A. cables 400.
Germany. demand .00000O000022. ca
bles .000000000022.
Holland, demand $500. cables 1925.
Norway. demand 14.17.
Sweden. demand 26.1O.
Denmark. demand 1890.
Switzerland. demand 1927.
Spain. demand 1915.
Greece, demand lbs.
Poland, demand 100000.
CzechOslovakia. demand 2.91.
Jugoslavia. demand lis.
Austria. demand .00li.
Eumania. demand so.
Argentina. demand $500.
Brazil. demand 1925.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-15

ORDER OF NOTICE THEREON
District of Maine. IS:
On this 18th day of January. A. n.
1924. on reading the foregoing petit
ton. it is
Ordered by the Court. that a hear
ing he had upon the same on the 2end
day of February. A. ID. 1924. before
said Court at PortlandS in, said Dis
trict. at ten o'clock in the forenoon:
and that notice thereof be published
in Daily kennebec Journal a news
paper printed in said District. and
that all known creditors. and other
persons in interest. may appear at the
said time and place and show cause.
if any they have, why the prayer of
said petitioner should not be granted.
And il is further Ordered by the
Court. that the Clerk shall send by
mail to all known creditors copies of
said petition and this order. addressed
TO them at their places of residence as
stated.
Witness the Honorable John A. Pc
tiers. Judge of the said Court. and the
seal thereof. at Portland. in said Dis
trict, on the 18th day of January. A.
ID. 1924.
IL. So JOHN F. KNowLToN.
jan15dlt Clerk.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-15

Team work between the guards
may be developed by a mutual I'M
Outstanding relative to the duties
each Is to perform.
Some teams play a four man Of
Tense and defensive guard in his
usual position. to protect the basket.
Tho defensive guard Is responsible
primarily for his own opponent, but
he should be able to take care OF any
offensive player who comes into his
territory. When both guards coop
crate in the offense, one must stay
back while the other goes down the
court" Teamwork in this particular
can be adjusted as follows: If the
right guard interccpts the ball Eo
enters into the offense. this is the
cue for the left guard to assume q
defensive position. IL one guard ad-
vances beyond the center of the floor,
the other guard must stay back to
protect the goal.
Copyright, 1924. Associated Editors)
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-15
Answered by
w. l.. LUSH

Coach at Naval Academy for sew
at ST. Johns College. Annapolis, Md.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-15
ransrupt's Petition for Discharge
In the matter OF
Victor A. Lister. In Bankrupt


Victor A. Lister. In Bankruptcy
Bankrupt.
To the Honorable John A. Peters.
Judge of the District Coury of the
United States for the District of
Maine.
Victor A. Lister of Augusta. I'm the
County of Kennehec and State of
Maine In said District. respectfully
represents. that on the 9th day of
January. 1923. he was duly adjudged
bankrupt under the Acts Of Congress
relating to bankruptcy: that he has
duly surrendered all his property and
rights of property. and has fully COM
piled with all the requirements of
said Acts and of the orders of Court
touching his bankruptcy.
Wherefore he prays that he may be
decreed by the Court to have a full
discharge from all debts provable
against his estate under said Bank
ruptcy Acts. except such debts as are
excepted by law from such discharge.
Dated this 5th day of January, A.
d. 1924.
VICTOR A. LISTER.
"
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-15
New York Stock Market

Corrected DaiIy pv
J. A GAMAGE & co.
STOCr. BROKERS'
335 Water Street Augusta
Phones 1291-1292
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-15
BASKETBALL

How can teamwork be de-
veloped between tn e two
guards?
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-15

Total stock sales ,11f.o0o shares.
90 industrials averaged 95.12; net
loss 81.
High 1921. 1858. low 1916.
% railroads averaged 'Sfa': net
loss SS.
High 1923, 9o.51; low 1855.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-15
Current Business Conditions
Past Year and the Coming One -
By GEORGE E. ROBERTS
o National City Bank of New York;
The Past Year and the Coming On
y GEORGE E. ROBERTS

JANUARY Issued by The National City Bank Of New York
The Birmingham age-herald., 1924-03-06
PRICE DECLINE
 NOTED IN GRAIN
Bearish Views Expressed About Passage Of McNary- -
 Haugen Bill

CHICAGO, March 5.-Grain declined in price today, owing more or Iless to bearish views which many traders ex- pressed about reports pointing to like iihood of enactment of the McNary- Haugen bill Word, however, that the tariff commission report on wheat pro- -duction cost had been turned over to President Coolidge was something or an offset later. Wheat closed steady to Nc to h@%c net lower; May, $111ss to $1.11M @1 h, and July, n.11h, with corn lsc to sse down; oats, hc to A @ ssc off, and provisions ranging from a setback of 5c and 7c to a rise of Pc,
 Apparently, a check to buying of fu- ture deliveries of wheat was the inn mediate effect of gossip. circulated here that the McNary-Eaugen bill had re- ceived qualified approval at the White House. Uncertainty as to what might follow, the proposed far-reaching changes in business methods had an evident disturbings influence on the a somewhat general impression that a price setback would be natural after recent upturns, Subsequentlyy denials which were forthcoming that President Coolidge had taken any decided posi- tion regarding the McNary-Haugen bill tended to uphold wheat values, and there was considerable buying as a re- suit of advices that wheat tariff would soon be raised. The enlarged demand, though, was of insufficient force to lift prices again to the level of yesterdays Close.
 ' Corn and oats swayed with wheat. S1owness of sale for the poorer grades of corn was depressing factor. Ship ping demand here was also reported slack. Nevertheless, the market showed stubborn resistance to bear tactics.
 Provisions were easy in line with the hog market.
The Birmingham age-herald., 1924-03-06

NEW ORLEANS COTTON MARKET
 NEW ORLEANS, March 5.--The cot ton market was disposed to do better today. After opening higher on good Liverpool advices and soon advancing further to 28.72c for May and 27.90c for July, or, A to 4S points above the pre- vious close the market turned easier, and before the decline was checked May sold as low as 2S.0sc and July at 27 25c, or IS to q points below the pre- vious close. The market rallied we'll during the afternoon and the close showed net gains. for the day of g to 14 points on old crops and 9 points on new.
 The market had good opening on Liverpool news cables reporting Lon don and the continent buying and a. good export demand for spots. This in- fluence, together with bad weather In the central belt and a weekly weather report which traders construed as more bullish than expected, sent prices up to the high figures for the day on the old crop positions. .~
 The early strength was helped by a statement from well-known New York authority claiming that his advices in- dicated decreases in acreage except a small increase in North Carolina Later in the morning prices turned cas- fer on selling by speculative shorts and ring traders based on prospects for fair and colder we@eher in the belt, and an; announcement by two large Virginia mills that they would curtail the oper- ation of their machinery. 75. per cent. to run only three days a week.
 The decline carried prices for all months to the low levels of the day, or to 20 points under the previous close. The market then commenced to im- prove on increased trade buying, main ly on straddle accounts. Bullish feel ing was encouraged by good exports so far h z week. and indications that preparations were being made in New. York to ship out apart of the inspected stock there. New crop positions were in demand on the rally and October traded up to the early high and Decem- Der made new high for the day at 24.4sc. Exports so far this week are s2,029 bales, compared with. 33. .497 last year.
The Birmingham age-herald., 1924-03-06
COTTON STEPHENS
 ON CABLE NEWS
Stronger Spot Demand Abroad Is Contributing Factor
 Of Day

NEW YORK, March 5.-7After advanc- ing to 2s.36c in today's early trading; May cotton declined to 2S:15c, but prices stiffened again and that delivery closed at 2s.41c. New crop months were reiar lively firm, with the general market closing steady at net declines of to points on present crop deliveries. but 20 to 8 points net higher on the later positions. Business was generally quiet with prices influepcedA by comparatively sman orders either way.
 The early firmness was due to rela- lively steady Liverpool cables. The opening was Il to 32 points higher and the initial demand sent prices about "A to 43 points above yesterdays closing quotations during the forenoon. March advanced to 2S.44c, and July to 2S.25c, while May at 2S.S6c showed a recovery oS about 130 points from the low of Monday. This rally seemed sufficient to bring out realizing by recent buyers for d reaction or some fresh selling. pool showing had been supplied the market turned easier. March reacted to 2l.95c and July to 2753c, making de- clines of about 49 to 70'points from the high levels of the morning. New crops did not fully respond to the old crop weaknesses. however, and the general list strengthened during the afternoon on renewed covering and fresh buying of the early autumn deliveries.
 : Both October and December made new highs for the day in the late trading, with October selling at 25.44c, or SS3 points net higher. Private cables attrib- uted the firmness in Liverpool to bet ter spot demand, partly for export and expectations that conference between Lancashire spinners and operatives to- morrow would lead to a settlement of labor disputes. The relatively steady ruling of new crop positions here was by reports of New Orleans buying, and was encouraged by an un- favorable view of the weekly weather .f.- to
 Exports today were 6,679. making A. AGO, ,251 so far this season. Port receipts, 7.7T2; United States port stocks, TAT, ,351.
The Birmingham age-herald., 1924-03-06
PORT MOVEMENT

New Orleans. middling, 2S.ssc; re- cetpts, 1,217 bales; sales, 7S3; stock, 160,421; Galveston, middling, 2S.70c; re- ceipts, 3,9l1; sales, 2,454 stock, 2S6 ,52s; Mobile, mid. assoc; receipts, 100; stock, 9,952; Savannah, mid, 2S.15c; receipts 6ss; exports, 57s; stock. 5O.24e; Charles ton, receipts, 435; exports, 500; stock 22,6S4; Wilmington, receipts, 102; stock 20.662; Texas City, stock, 69; Norfolk middling, 28.44c; receipts, 65s; exports HOO; sales, 1,726; stock, 75,166; Balti- more, stock, 2,132; Boston, middlinS 2S.S0c; receipts, 223; stock, 5,7o0; Phila- deiphia, middling, 2s.65c; receipts, IS; stock, 3,S45; New York, middling, 2s.40c; stock, 156, ,91S; minor ports, receipts, 200; exports, 200; stock, 2,5a5; Houston, re- ceipts, 470; total receipts today, 7,972; exports, 6,S79; salesS< 4,973; stock, 746,- ports, 2,409; total receipts for season 5,S6S ,O03; exports, 4,2s0.7 731.
 INTERIOR MOVEMENT
 Houston, middIing, 2S.50c; receipts 2,511 bales; shipments, 4.611; sales, 547 stock, 214,174; Memphis, middling, 99.50c; receipts, 2,190; shipments, 3,0O5; sales, 800; stock, 100, ,792; Augusta, mid. ding, 2s.6Sc; receipts, 1S1: shipments 66?; sales. 1l2; stock. 32,46S; St. Louis mtddling, 29c; receipts, 1,735; shipments 1,735; stock, 5.S20; Atlanta, middling 2S.50c; Little Rock, middling, 29c; re. ceipts, 55; shipments, 21; sales, SS; stock, 25,256; Dallas, middling, 27.s5c sales, cos; Montgomery, middling, 28.25c; totals today, receipts, 6.622; shipments 9'929; sales. 2,15o; stock, S7s,5O5.
The Birmingham age-herald., 1924-03-06
MARKET FLASHES

NEW YORK, March 5.-Heavy buy ing of the St. Paul railroad issues, which advanced from one to almost five points on reports that the road had completed arrangements for refund ing it's S47,0O0,000 gold As next year. featured early trading in bonds today. Added to purchases by the road itself was a demand for the maturing issue from interests expecting an attractive exchange offer, which sent the price up AZ points. The rise in St. Paul led a general advance in the speculative rail- road group. Uneasiness over leather trade conditions caused selling of Cen tral Leather 5s, which carried the issue down 2% points to new low price for the year.
 NEW YORK, March 5.-Directors of the Westinghouse Electric and Manu- featuring Company today declared a stock dividend of 10 per cent, payable in common stock, in addition to the reguarly quarterly dividend of S1 A share on the common stock. They also declared a regular quarterly dividend of $1 a share on preferred stock.
The Birmingham age-herald., 1924-03-06
COTTON,NG0ODS

NEW YORK. March 5-cotton goods
 and yarns were steadier. with prices
 still in favor of buyers. Finished goods are being bought steadily in small
 quantities. Woolens and worsteds for Gall are selling slowly. Some mills have booked about half their usual volume or orders, while others have not done so well. Silks are Selling better for spring delivery, but lower prices are asked in consequence of the low price or raw materials. Hosiery prices con nnued irregular. Buyers are demand lng lower prices on knit underwear and
 are buying spring goods principally.
 press linens are in good cali,
The Birmingham age-herald., 1924-03-06
LIVE STOCK

KANSAS. CITY, Mo, March 5.-Cat. tle: Receipts, 5000; sales, 10000. Steers steady; bulk fed steers, $s01010; de. siraote fat cows and heifers, steady tc strong' between grades dull: beet cows, $4.25@6.25; fed heifers, $6.5O69: bulls steady; bolognas, $4.25@4.75; calves slow; practical top yeaiers. $9; heevies and mediums, $4975O: stockers and feeders mostly steady; feeders $Sib; bulk, all classes. $S.25075o.
 Hogs: Receipts, 12,ooo; slow and steady: bulk of sales, S6.S007 .25: pack. ing sows mostly $6.25n6.4o; stock pigs steady to 1oc higher, $5@5.5o. V
 sheep: Receipts, 5000; lambs gener. ally steady; few heavy lots 1O@15c practically no sheep offered.
 NASHVILLE, Tenn, March s-c.t. tie: Receipts. 1;20O; steady. heavy steers, $7.50@s5o; beef steers, $70s. .25: heifers, $6.25@75o; cows, $5.25@6, ,5o: feeders. $4.5o@6.5o; stockers, S2.5o@5,
 Hogs: Receipts, 1,500: medium and heavy hogs 10c higher; 200 pounds and over. $7.so; 165 to POO pounds, $7 80; ,isC 10 i6aa pounds; $6.s5; pigs. s4.6O @5S5;
 Sheep nominal; fat sheep, $3.6o64 50: choice lambs, $S@10.
 LOUISVILLE, Ky, March 5.-Cattle. Receipts, 100; steady; heavy steers, Ssd S.To; beef steers, $5@S.5o; heifers, S5d 8; cows, $S5o@s: feeders, $4.509S. 50;
 Hogs-Receipts, 10000; steady to 10, higher; 165 pounds up. $7.s5; 12O to I6S pounds, $e.s5; pigs, $4.60Q5s5; throw. outs, $5.45 down.
 Sheep; Receipts 100; steady; lambs $12;. choice, $fs914.
 EAST 4sT,. LOUIS, H.. March D. Hogs: Receipts, 1s,00o; butcher hogs opened 5 to 10c tower, closed 1Oc lower oAik good and choice kinds, 19O pounds and up. $7.4oQ745, top $755, out of line most late sales $7.40: shipping kinds l6o to. 170 pounds, mostly $7.soG7s5 Iight lights and strong-weight pigs mostly 25c lower, some light pigs oft more; -12o to 130 pounds, S5.50@S: ne. wees down to s3.5O: packer sows un. changed, bulk $6.35.
 Cattle: Receipts, $500; beef steers strong, spots shade higher; one load yearlings $10; bulk steers, $79s.75; tou Vealers, $106O, bulk $10.25, few S1O; otbeI
The Birmingham age-herald., 1924-03-06
POTATOES

CHICAGO, March 6.--Potatoes: Trad lipg slow, market. weak, receipts. 23 cars;f total United states Shipments. 9SS; Wisconsin sacked round whites. $1.15@1:9o. few $1.3s; bulk, $1.2O@1 30 : fancy, N.40; Idaho sacked russets, S2 20 @2:30; Minnesota sacked Red River ohios, $1.50@l6o. .s@5s