davidaulloa/AmericanStories huggingface dataset:
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1924-02-15

Mr.. Farmer, we will not only
help you financially to get started
but we will help you to form CO.
operative organizations both for
buying what you need and sell
ing what you produce to the end
that you may come in close touch
with the customer and so elimi-
nate the middlemen who con
sumo your just recompense.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-15
New York Produce Market

New ork. Jan. "a
rLouR-ouiet; spring patents 900
winter straights AS n 500; hard WIN
ter straights 5.50G6.0o.
WHEAT--Spot steady: No. dark
northern spring c track New York
l.26; No. 2 hard winter b 1851; No.
l Manitoba do. 1.174 and No. mixed
durum do. 1.15t.
CoRN-Spot steady: No, yellow
New York rail 81; No. white do.
96l; No. mixed do. s4k.
OATS-Spot firm; No, . white 81.
PORk-Quiet; mess 24.75; family
LARD--Easy; middle west 1850
BUTTER-Ffrm; receipts 500:
creamery higher than extras $40 a IS;
creamery extras, 92 score. 81: do. firsts.
SIS to 81 score, asa 53i: packing stock
current make No. . 20.
EGGS-Steady; receipts 6s35: fresh
gathered extra firsts 4lG43: 10. f7rsts
3Sa q 40; do. seconds and poorer 81 a
SIS: New Jersey and other hennery
whites closely selected extras 4sa49:
state rearby ard nearby western hem
merry whites frsts to extras 42G as:
nearby hennery browns extras 4T449;
refrigerator firsts 2sd 2sA.
oTATOES-Steady: Maine in bulk
$50 pounds 2.75 a 400: New York $40
I3.15; Long Island ASSOCIATE.
BBAGES-Steady: Florida per
hamper 1875 a 1.5e; New York per ton
white Danish 3900h4o.oe; do. red
$500 q 5000; Long Island per head SC
@12c.
Another advance Of &c was recorded
in the local raw sugar. market today,
establishing spot rates on the basis OF
SEA duty paid fersCubas
Raw suEaTs futures opened three to
10 points higher On commission house
and Eurppka1 buyipg. prompted by the
advances IN the spot market and the
higher ruling in London. The advance.
however. met increased Wall Street
selling which became more active fol-
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-15
Chicago Produce Market
CHICAGO, Jan. /

1UICdSt, Jan. -.
Although prices hulgcd in The grain
markets today With corn ard oats
reaching the topmost values this sea-
son. heavy profit taking brought about
a setback. Simultaneous with the re-
action. estimates were current that the
a'rnunt of livestock on farms is small
or than WIS the case n Year ego ard
1f"t' "ctual corsurlpti ion Of corn is
slightly below normal. Wheat cio-cd
weak at to 2 n &c net decline. corn un-
charged 20 am2c lower. cats varying
from &c of to a shade advance ana pro-
visions unchanged to 17c down.
Most of the time about midday. bulls
in thu grain trHdn appeared to have the
ADVANTAGE. chiefly owing to mallness
Of receipts of corn a1d wheat. 1t also
was assumed that the decrease would
he shown in the United States visible
T''nply of wheat. corn md oats. Pc
sides. Liverpool wheat ouot1ti2ns were
higher. temporarily offeettin: more or
less break in foreign exchange. Ac-
tive selling in tho corn market. how
ever arCrIhcd largely to eastern
houses that hid teon burcrs at lower
levels proved to he 2 big weisht on
values held more stubhcrnly than
wheat receivers being almost uanni-
nous il the opinion that the country
was selling virtually no corn to arrive.
u wfc said. too. that demand was keen
for all the corn obtainable from farm
crs.
Rearish estimates regarding corn
conSumption and the amount of live
stock on farms had q leading satiefac-
ton : authority. and the effect of tho
estimates w>s emDh" sized by increa~ed
weakness Of New York stock market
quotations and FOREIGN exchange. On
the other hand. tho farm corsumption
of oats this season was estimated to
have ircrea scd rear'y rer CEN.
Provisions went lower in sympathy
with the hog market and foreign OK
change.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-15

the equipment of thei, industries as
they have done in the past yeas
There Is. no lack of work to be done.
The chief occupation of the Amer
lean people is that OF supplying their
own wants, but that their foreign
trade is of a stable character the
sustained exports of the last two
years have shown Our trade out
side of Europe is growing. The bal
ance between agriculture and the
other industries is in the way of be-
ing restored, and if we will be sat-
isfed with steady business. without
boom, there is good reason to ex-
pect that our hopes will be gratifed
in 1924.
The Industrial Equilibrium
The features of the present situa-
ton which are unsatisfactory are all
due to disturbance Of the industrial
equilibrium.
The tire industry for example has
been suffering from over-expansion.
Fundamentally. the industry is in a
strong position, for the number of
automobiles in use has been rapidly
increasing, but the tire business has
been overstimulated by its own pros
perity. 1t suffered in the general
slump of 1921, but the unfavorable
conditions of late are due to its over
development. The situation affords
an illustration of the industrial
troubles for which the various
branches of industry are themselves
responsible, and which can be rem
edied by themselves alone.
The copper-producing industry has
been in an unsatisfactory state in the
last half of the year, with an output
enough. over the demand to weigh
down the market. One reason for
this is that while consumption in the
United States is large, world markets
do not take what they would if in-
dustrial order was r=established in
Europe and normal development was
going on. Another reason is that
increasing quantities of copper hav,
been coming at low cost from new
ore bodies, upon which great sums
of capital have been expended, and
this competition is felt by the high
cost producers. The first of these
conditions is one of the effects OF
the war; the other is a condition &c
which every industry is subject
The oil industry has been depress-
ed by an extraordinary flow from
newly discovered pools. 1t is char
acteristic of this industry that pro-
duction and consumption are seldom
closely balanced. The latter steadily
increases while the former is affect
ed by the discovery and exhaustion
of new fields of supply.
The leather industry is another in
which demand and supply are not
naturally co-ordinated, because hides,
the raw material, are "a by-product,
not produced independently. Cattle
have been forced on the market in
the last four years faster than hides
were needed and prices have been
depressed; another case of disturbed
equilibrium,
The coal industry is suffering from
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-15

could diagnose 4 disease by testing q
drop of blood, died at his home here
late last night OF pneumonia. DR..
Abrams "e!ectronic reactions OF ABB
rams" created much dissension in
medical circles. BY it he asserted
INNATE of a person fro:a whose veins
the blood was withdrawn for the test.
He was called into a number of
courts to report his findings where
the blood of some person was involv-
Cd in disputes.
Washington, Jan. 14.-Another SOL
diers' bonus bill was proposed today
in the Senate. 1t is sponsored by
Senator Bursum. Republican, New
Mexico and calls for return t. the
veterans of family and insurance al
iotmcnts deducted from theif pay
and 4 percentage of their subscrip-
tons to Liberty bonds while IN ser
vice, plus additional compensa lion ut
the rate of SEQ each month u scr
vice. Payments would be made in
cash over n period of four years one
fourth of the veterans to be paid
each year in full or in the form of
s. insurance. as they might elect. The
insurance would he payable at death
on the basis of $500 for eacl. 500
Of cash due or the policy might be
surrendered at the end of 20 years
at its cash value. based upon annual
premiums plus four per cent in
terest
Sudbury. Mass. Jan. 14.-(Bv A. P.)
George Herman CBabe) Ruth, who
hats out home runs in the summer
months. plays gentleman farmer on
his SUDBURY estate all winter. but not
because he likes IT, Ruth, busy Mt
huildin; q new hcnhouee one mild
January day. suspended operations
long enough to say that farming with
him is just an incident in the serious
business of baseball. The axe. hammer.
saw and snowshovel. which are Ruth's
wintertime toys. are no more than in
struments of training for the mighty
bat that is expected to propel home
runs in mid-July.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-15
Chicago Cattle Market

thlc29O Jan. IL.
CATTLE-Receipts $4,000: fairly &c
tive: beef steers ard most grndes fat
she stock closing % 10 a. loAer: top
handy weight steers 1l.75; hest year.
lings 11.50; matured steers I1.5o: bulk
fed steers 7.75G 1000: Gamers and
cutters stepdv: Gamers 2.50T275:
bulls Il to 25 lower; hoIoenas 5.0oa
5.25: vealers largely * off: bulk TO
packers 10.enT10.50 with good light
offerings at s5oT10.o6: outsiders pay
ing upward TO Ta.oo and above for
choice handy weights. CHECKERS and
feeders steady; best e.25 a 100: several
strives rather Min around AS.
HOGS-Receipts $4,000: opened
mostly 10 to Is lover; spots 90 off:
CLOSELY actively. barely 10 lower; good
and choice 240 TO 300-pound butchers
40 a 7-40: top 7.4o: desirable 100 to
225-pourt average 1.15a 7.31: packing
sows 6.s9@e.se: slaughter pigs I'M
changed to strong weieht $500 700:
estimated holdoyer 1900.
SHEFP-Receints 25.anG: draggy; fat
lambs Is to % lower: sheep and feed
ing lambs steady: rood and choice fat
wooled lambs 13.5oII3.s5; ton 1870;
choice fall shoru lambs Ills: best
handy WEIGHT wcfhe-s 1a01: bulk fat
ewea 7.0oG S.oo;- choice feeding lambs
1900.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-15
NEWS BRIEFS

New York, dan. 14--kn autopsy
will be held today at. the MorglIe to
determine whether. the death last
night of frankie Jerome. prominent
bantamweight boxer, was due to a
blow received during bout with Red
Taylor OF Terre Haute. Ind. on Fri
day last at Madison Square Garden.
Ii this proves the case, officials
stated. action will he taken imme-
diately against Taylor. Death fol-
lowed an operation which failed to
relieve a cerebral hemorrhage.
Washington. Jan. 1.-THE merits
of the Mellon program came under
discussion today before the House
Ways and Means committee at pub
lie hearings. Scores of witnesses
have been asked to be heard either
On the general subject of taxation or
on specific sections of the measure
submitted by the treasury secretary.
Determined to conclude hearings by
the end of the week, however. the
committee had limited each witness
to Is minutes, ten minutes for I'M
interrupted presentation of his views
and five minutes for questions by
committee members.
Philadelphia. Jan. 14-Brigadier
General Smedley ID. Buffers offensive
in Philadelphia has resulted in a
complete rout of the enemy. Raids,
started n few hours after the gen.
eral took over the Office of director
of public safety under Mayor Ken
drick last Monday, were said by STU
perintendent of Police Mills today to
have sent law breakers of every des-
crirtion scurrying to cover. The
oldest men on the force could not re-
call such activity I'm the police de-
partment as followed Director But
ler's order to clean up the city"
New York, Jan. 1.-THE names
of the six members of the American
ski team to take part in the Olympic
contests in the French Alps late this
: month will be cabled to the French
olympic committee today. Although
the eligibility of two of the men,
Ragnar Omtvedt and Andrew Haul
gen, was questioned last week by
the French committee, plans have
! already been made for them to sail
with three other members of the
! team on Wednesday. They are ST.
gurd OVERLY, Lemoine Hatson and
Harry Lien, John Carleton. the sixth
member. is already in France.
!, Aurora. Ill, Jan. 1+-Warren ]. Lin
coin, lawyer, horticulturist and dis
/ tant' kinsman OF Abraham Lincoln,
! confessed last night that he killed his
/ wife, Lima. dismembered her body.
and burned 1t. Jan. 10. 1923. along
with that of her brother. Byron
Shoup. whom. he maintained. had
been shot to death by Mrs. Lincoln.
J Lincoln disappeared from his home
April 80 last. and his wife and Shoup
were suspected of his murder.
Newark N. J., Jan. 14.-EiGht or 10
daring bandits early today broke into
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-15
NOTRE DANES ELEVEN
HAS HARD ROW. TO HOE

Chicago, Jan. 14-(By A. P.)-The
Notre Dame football team Of 1924
faces n schedule that Coach Knute
iron program ever undertaken by any
eleven In the country.
In former years Rockne has turned
out teams that have run rampant
through schedules calling for ten
games, including those with the
Army. Princeton. Georgia Tech and
other leading elevens. but next fall
the Notre Dame players will under
take n nine game schedule that Rock
ne believes eclipses anything ever ar
ranged for the team.
Notre Dame will open the season
Oct. 4 by meeting the Lombard
eleven of Galesburg, Ill.,, on Cartier
Field. This representative OF the
Little 10" has lost only one contest
in three years. that being to the
Notre Dame outfit last fall by 1910
score. On the following Saturday.
October II. the Rockmen face Coach
Vaughan's Little Giants" from Wa
bash college. Vaughan. an old Notre
Dame and Princeton athlete, will
point his men for this one best with
the hope OF defeating his old school.
It. win be TIE first meeting between
the two teams since 1915.
October IS IL the date for the an
nua1 struggle with the Army, one OF
the most important annual intersec-
tional struggles OF the season. Since
1913. when Coach Rockne and Gus
Dcrais startled the east and the
Army by brilliant aerial victory
over the Cadets, the contest has at
tracted nationwide attention. Notre
Dame defeated the Pointers last sea-
son by 1870 count. but next season
it, will he different proposition.
Most OF last seasons squad will be
back next year and 1t is rumored that
a number of eastern gridiron stars
will enter the academy next fall. The
Cadets will be met on the Polo
Grounds.
After returning from New York.
tie Notre Dame squad will train for
two days and then depart for Prince
ton. n. j.. where they Will meet the
Princeton Tigers on the afternoon of
October s5. Coach Bob Roper will
have an experienced outfit to face the
team that so decisively defeated the
Tigers last fall.
The annual Homecoming at Notre
Dame win be featured by the ap-
p6arance OF the Georgia Tech eleven
on Cartier Field November !. The
Golden Tornado" from Atlanta will
have that powerful line plunger.
wyckoff. and several other stars OF
the past season available for the 1924
team. 1t was Wyckoff. who. as a
sophomore last year. caused so much
>arouble for Notre Dame.
Wisconsin. coached by Jack Ryan.
will be met Nov. s. in an important
contest. The game win be played at
Madison and is the most important
non conference game on the Badger
schedule. Ryan turned out strong
team in the conference last fall, and
It il expected that the Badgers will
be among the leaders in the race for
1924.
Nebraska, the jinx for Notre Dame
IN two successive seasons. will Jour-
ney to South Bend to meet the Rock
ne boys on Cartier Field Nov. Is. II
WIN be the first appearance of the
Cornhuskers on the Notre Dame
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-15

the warehouse of Pierce, Butler e
Pierre Co.. bound and gagged the negro
watChman and escaped with two
trucklcads Of bonded whisky valued
at 100000.
Lakehurst. y. j.. Jan. IA short
fight may be made tonight by the
navy dirigtble Shenandoah which
this morning had successfully COM
pletcd SO hours of her seven day
moorinS mast test, Captain McCrary.
in command of the test, announced
here today. During the Night the
wind shifted to the north and picked
up n ten mile an hour speed, which
had no effect on the big airship other
than to swing her gently about.
Paris, Jan. 14.-Dispatches from
Speycr. Bavarian Palatinate say that
Monsignor Sebastien, bishop of that
city, refused to permit the holding
Of a religious service over the BODY
of DR.. Heinta. tile separatist leader
who was assassinated there recently.
The reason for the pre!ate's refusal.
which, it is said, was in accordance
with instructions from Cardinal
Faalhaber was that DR.. Heintz was
n revolutionary.
London, Jan. "A. by A. P)-
Public attention today was 1Xed as
much upon the special meeting of
the Trades Union Council. called to
discuss tho threatened railroad
strike. as upon the political situation.
not only because of the influence
the council may be able to exert
when averting q strike. which the
public universally dreaded nut be-
cause of the possibility of political
events being Immediately affected
by the action of the locomotive mon.
San Francisco. Jan. 14--Dr. Albert
Abrams. internationally known ply
stefan, founder Of Spondylotherapy.
and more recently inventor of an APP
paratus with which he claimed he
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-15

the effects of over-development.
brought about by over-stimulation.
resulting in part from heavy war de-
mands but more from wage-disputes
and repeated suspension of opera
tons. The effect of these suspen-
sions has been to create artificial
Shortages and to concentrate de-
mands within short periods of time,
thus offering inducements for the
opening of new mines and attracting
more workers to the industry than
can have continuous employment in
it. AS a result wages are based upon
the expectation OF large amount OF
idle time, and coal is made unreason-
ably dear to the industries and all
consumers. 1t is another case of dis
turbed equilibrium.
The wheat-producing industry was
very much disturbed by the war.
Previously. an important part Of the
supplies received by importing coun-
tries came from Russia and the
Balkan countries; the war cut off
these supplies. which greatly stimu-
lated production in other countries,
notably the United States and Can
ada. Since the war grain production
has recovered all over Europe. and
Russia has reappeared as an export
er, with the result that there is an
over-supply of wheat. The United
States has reduced its. acreage in
some degree, but not to the pre-war
area, while Canada and Argentina
are producing much more than here
tofore. This is case where pro-
duction was increased to meet an
emergency and the emergency hav-
ing passed !. should be accordingly
reduced. T.:
Cotton Goods Industry
The cotton goods industry has been
disturbed by an influence operating
in the other direction. An insect
pest has seriously affected the pro-
duction of cotton, with three short
crops in succession stocks have been
reduced alarmingly low, the price of
'he raw material. has advanced so
rapidly that manufacturers are un-
willing to make up goods excep, upon
order, and merchants hesitate to give
orders a+ level much above that to
which consumers are accustomed
Che normal equilibrium between the
law material and cloth, and between
cotton goods and other commodi-
ties is disturbed and affects the in
dustry unfavorably. Although cotton
brings a high price, the growers are
receiving it upon small Yield grown
over a large acreage at high cost,
and the benefits of the high price are
very unequally distributed over diff
ferent localities.
Wool is usually classed as an agri-
cultural product, although only a
relatively small portion of the world
supplies is produced on farms. The
number of sheep in all countries has
been largely reduced and the wool
situation is unbalanced by reason of
short supplies. As in the. case of
cotton there is nothing that consum-
crs can do but pay the rising prices,
or do without, until supply and de-
mand come into equilibrium.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-15

The year which has inst. closed ha.
seen. production in the United State.
IN nearly aii lines either at the high
est level ever reached or very close
thereto. The yield of farm crops
was slightly below that Of 1922, but
the official valuation for 1920 is S.
322,695, 600 against T,449, 1900 in
1922. This increase, however. was
largely in cotton and corn, and the
figures for these crops are somewhat
misleading as indicators of prosper
ity, inasmnch as in the case of cotton
they represent high price for a
small yield grown on large acre
age. and in the case Of corn the
crop is mainly fed on the farms.
Agriculture in many localities is still
1aboring under difficulties mainly due
to unbalanced price relations
Since the outbreak of the great
war the industrial and business situa-
ton has experienced many violent
changes, some of them highly stim-
ulzting and some OF them very de-
pressing. 1t is in the nature OF
things that such violent changes cam
not be all in one direction. AS we
get farther away from the war the
natural tendency is to greater stabil-
ity, and the past year has shown
this characteristic. The price move
ments have been moderate. The
Bureau of Labor's average of index
numbers for 404 commodities stood
at 156 for January, rose to 15o for
March and April, declined to $50 for
August, rose to 153 for October and
declined slightly thereafter. Except
for an advance of n per cent in the
discount rate of the reserve banks
of Boston. New York and San Fran
cisco in February, the discount rate
of all the reserve banks has stood at
~ per cent throughout the year.
The rediscounts and advances OF the
reserve banks stood at $628, 000. 900
at the date of the first statement in
January, rose to $730,000,000 on May
2, touched the high point Of the year
at $o30,000, 900 on July 3, and on De-
cember 10 stood at $750,000,000. A
better showing of uniformity with
business at a high level could not be
asked for.
Danger Of Crisis Not Passed
The great slump of 1920 and 1921
was the natural corollary of the great
rise of prices and expansion of credit
which had previously occurred. No
business crisis ever has occurred I'M
less preceded by a marked expansion
of credit, and none need be looked
for until such an expansion has oe-
Cured. We are not free from danger
Of it: the continuing importations Of
gold should keep us on our guard.
In 1928 they have been greater than
in 1922, reaching approximately
$500, ZOO, 1000.
The greatest achievement of the
year has been the demonstration that
the United States can enjoy so large
q degree of prosperity notwithstand-
ing the unsettled conditions in Eu-
rope. The record of 1923 can be re-
peated If the American people but
have the courage to proceed with the
development of their resources and
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-15

gridiron since 1921, when they were
defeated by a count of to 0. In the
past two seasons the Missouri valley
team has handed Notre Dame it's
only defeats, spelling brilliant records.
The struggle VIII be the main attrac-
ton Of the games on Cartier Field.
On the following week end, the
South Bend aggregation will appear
in Chicago. meeting Northwestern. 1t
marks the first meeting between the
two institutions since 1920. when the
Chicago fans were treated to q rare
exhibition of football by George Gipp
and his cohorts.
AS the finale to stiff campaign Of
nine contests. Coach Rockne and his
men Will journey to Pittsburgh to
meet tho strong Carnegie Tech eleven
on November 20. Tech will have n
strong team next season and is ex-
ppcted to prove n fitting opponent for
the climax of a brilliant card.