davidaulloa/AmericanStories huggingface dataset:
Daily Kennebec journal., 1924-02-16
NEW YORK MARKET
Features Of the Days Dealings in All
the Ltadins Stocks

New York, Feb. ia drastic
decline in prices took place in to-
days active stock market on the
wide spread circulation of rumors
that one of Wall Streets most
prominent operators had switched
from a buIl to bear position be-
cause of his belief that the Wash
ington Oil lease disclosures had un-
dermined public confidence. The re-
action was allowed to run its course
by strong financial interests with the
result that active industrial issues
broke l to s points and Fisher Body
dropped IL.
Opening prices were irregular with
the main tendency upward. Before
the end of the first hour rumors
were broadcast that piece of
bearish news would be published be-
fore the end of the day, but its
source was not revealed until af-
ternoon when. summary of a tele-
gram sent by the prominent operator
from the south to one of his Wall
Street friends was published on one
of the financial news tickers.
Bear attacks. which had been con-
centrated on the oils, switched to
the steels. and then to other specu
lative industrials. the rapidity of
the QeCllne forcing out a QulnDer OF
weakened marginal accounts. Rail
shares held relatively steady until
just before the close when they
weakened with the rest of the list,
early steadiness apparently being
due to the publication Of statistics
showing that weekly car loadings
for the week ending. February 2, to-
tailed 929,936 cars, the largest of
any week in January or February on
record
Averages of 20 leading industrial
stocks showed net decline of about
3 IA points and the rails about IA
points, bringing both back to where
they were about amontl ago. Among
the popular issues, United States
Steel closed 3 Is lower at 103 1-2,
Baldwin dropped points. to 12O IL;
American Can was off 5 points at
l12 SIS; Studebaker was off 3 IA at
100; Bethlehem Steel sagged IA
to Sc IA: Cosden 5-S at SO 1-2;
Pacific Oil rs at 40; and Tobacco
Products 4 at 63 Ia
Pan American Petroleum issues,
Daily Kennebec journal., 1924-02-16
Bradstreet's Report

New York. Feb. 15.-Bradstree;' to-
morrow will say:
Weather Irregularities bad roads,
price uncertainties and the all pcrVad-
ing small-but -often buying. make for
Il continuance of the unsatisfactory
trend of reports from the apparel
trades. which have improved somewhat,
especially with jobbers. but are still
below expectations. with reports of eX-
tension of the curtailment movement
in southern cotton goods. on the other
side Of the case is the continued in
crease in activity in metal trades
steel, iron, copper. lead and zine
while preparations are active for a big
spring In obstruction lines. in the
building of houses and in he Inaugural
tion Of many local improvements such
as roads. Automobile manufacturing
is active. and fair share is doing in
furniture manufacturing also. Weather
conditions have tended to retard build
ing in some Arrears, but the material
trados-lumber hardware paints. brick
and cement-all report more than nor
NAL winter activity.
Daily Kennebec journal., 1924-02-16

Coffee imports into the United
States III the calendar year l925
were the largest in the history OF
our import trade They aggregated.
saws the Trade Record oi The
National City Bank of New York.
142s 100000 pounds against a
former high record OF l.54l 900
600. in 1921. l.2e7,000,000 in 1920.
and S52,000.000 III the year preced-
ing the war: all of these hgures
relate TO calendar years The value
of the coffee imports oi 1923 was
in round terms Sl93.000.00O against
Sl05.000.000 in 1918.
Whether the war had anything to
do with this growth OF our coffee
habit is not easy to determine but
at least'it is a fact that the quantity
imported has rapidly increased since
1913. the total quantity imported
in 1928 being 66oe GREATER than in
the year preceding the war. while
the consuming population has
meantime increased but l4fo
Whether prohibition has had any
thing to do with the increased con-
sumption is also not easy to de-
termine but it is a fact that the
imports of 1923 were but slightly
greater than in 1910. the wear pre-
ceding that IN which the prohibition
amendment came into effect
There were only two occasions
prior to the war in which imports
reached as much as a billion pounds
and four occasions prior to prohi-
bition in which the total exceeded
l,200,000.000 pounds; in 1928 the
total was LAPS. 5.OU0O0O. The aver
Daily Kennebec journal., 1924-02-16

sold of all other makes except Ford
was 40 per cent. loss than in 1920.
Stated otherwise, Studebaker's ra-
ito of sales in 1921 was 129 and the
total Of other makes except Ford was
60, as compared with 1929.
In 1922. therefore, Studebaker had
the showing Of record year to sur
pass and plans were laid for pro-
duction of 10000. cars. as compared
with e6,643 in 1921. Even with this
large increase in production. at no
time was Studebaker able to supply
the demand for its cars. 110.2s9 cars
were produced and sold during 1:--.
an increase of 65 per cent. over 1921
which UP TO that time time was the
greatest year in the history or
Stucebaker.
The increasing demand for StuSe-
baker cars continued In 1923. By the
end of August, the 1922 record was
exceeded, and by December 81 Stude-
baker sales had passed 145,162-
making 1928 the greatest year. by
far. in Studebaker history.
Daily Kennebec journal., 1924-02-16
Chicago Produce Market

tnlcaEo, feD. 10.
Wheat suffered a sharp fall in prices
associated with breaks in stock market
values and in cotton. The close was
unsteady, IL q II to oac net lower. May
1.0oa to 1.093 and July 1.0SlMz to
10SE. Corn lost ga ! to &c and oats
a6i to &C. In provisions the outcome
varied from l5c decline to a rise of &c.
Lowest prices Of the day prevailed
in the wheat pit as trading came to an
end, with liGuidating sales from east
ern holders dwarfing all other factors.
Earlier the market had shown an up
ward tendency, chiefly owing to pros
rects that an advance Of the United
States import duty on wheat would he
ordered next Monday. The early
strength in wheat prices. however. ap-
reared TO depend more on temporary
absence of selling pressure than on any
increase of demand. Besides, expect
ance of a high tariff rate was offset to
a considerable extent nv thu fact that
there is fully s0.no0, oo0 bushels of Ca
madam bonded wheat in this country
at the present time. The market ef-
feet. too. Of steps toward financial aid
for the northwest seemed to be gener-
ally looked upon as having been dis
counted.
Commission houses took actively 10
the selling side of the wheat market in
the last half of the board Of trade ses-
SION. Rapid crumbling of prices fol-
lowed. numerous stop-loss selling or
ders being brought info play a quota
tions abruptly. overturned. Announce
ment that dock strike in Great Bri-
tain would Re called tomorrow was an
added stroke to the bulls
Corn and oats yielded with wheat.
but had better support inasmuch as
country offerings were far from bur
| densome,+ and hog receipts indicated
Daily Kennebec journal., 1924-02-16
TRADE RECORD
COFFEE

OF the country from whence
Prices vary. however,
the coffee coming from Brazil in
the ii months OF 1928 for which
detailed figures are now available
having averaged l2E cents per
pound. that from Central Ameriea
as a whole 1888 cents. from Col
ombia 1851 cents. and from Java
slightly more than Is cents.
While about two-thirds OF the
coffee entering the United States
originates in Brazil. the number OF
countries from which our total
imports are drawn is. according 10
government records, over so. the
chief countries from which the 1922
imports were drawn having been.
in the order OF rank as measured
i'll pounds. Brazil. Colombia, Vene-
zuela, Guatemala. Mexico. Java.
Salvador. and Costa Rica. The
Total quantity imported from the
principal countries in the II months
OF 1923 for which details are now
available was from BNzil $4,000
600 pounds, Colombia 100000 900.
Central America as a whole ll7.-
10000. Venezuela 4S,000.000. Mex
leo 33.000.000, and lava SH million
pounds. About 2 per cent of this
coffee imported is re-exported. 4
The United States is the worlds
biggest consumer of coffee We take
in fact about one-half of the coffee
of the world and our per capita
consumption is now probably great
er than that OF any other country.
Brazil is the worlds largest pro-
dueer and now supplies about 1000
Of the world coffee The amount
of money which we have sent TO
Rrazil alone for coffee since the
beginning of 1913 is over one bill
lion dollars The coffee tree has
wandered far from its original
home. Abyssina. following the
tropical belt the world around but
proving especially successful in
tropical America which now pro-
duces about 901e Of the coffee OF
the world.
Daily Kennebec journal., 1924-02-16

National Crop improvement service.l
EXPERIENCED geese raisers
~ realize from 81 to 81 per year
from each breeding goose, which
Is generally more profitable than
an equal number of sheep.
Geese intended for fattening
should be confined on dry soil and
they should be held In wire netting
built strong enough to keep out
dogs and other animals; although
II the gander Is kept with the
geese he will defend his own castle
and Woe to the dog who tackles
him.
Geese make rapid gains when
fed on a fattening ration. Where
available space for free pasturage
Is not sufficient the birds must be
fed on cut green vegetable foods.
But while many farmers may not
be attracted to the green goose"
market. there should be a flock of
as many geese as the range will
permit on every farm. They thrive
Daily Kennebec journal., 1924-02-16
FINANCIAL NEWS

which have been hammered inter-
mittently ever since the publication
of sensational developments at the
senate's oil inquiry, offered stub
born resistance to selling pressure
today, closing practically unchanged.
Sinclair, another recent bear target,
dropped about d point.
independent strength was shown
by a very few tissues, the chief of
which was Congoleum. which touch
ed a record high at 65 and then
eased to 62 rs up l ga. Commercial
Solvents A, National Lead preferred,
Otis Steel preferred. and Pacific
Coast were among the few other is
sues to show small net gains on the
day.
Foreign exchange rates slipped
slightly lower in quiet trading. De-
mand sterling was off about half a
cent at S4.29 "a and nominal re-
cessions were recorded by the
French and other principal European
rates.
Call money opened at 4 IL and
then dropped to IA. Time money
was somewhat frmer with matur-
tiles of sixty days days and over
being quoted at 4 ga per cent. Com
mercial paper was unchanged.
Bond prices, after holding firm in
todays early dealings, were driven
down under selling pressure inspired
by the sharp break in the stock
market, Railroad and copper is
sues which displayed considerable
strength earlier in the day gave way,
many of them recording net losses at
the close.
Substantial oversubscriptions Of
the S150,000,000 Japanese loan was
reported, but no estimate of the
amount of excess orders was given
Hollands allotment, it was announc-
, ed, was subscribed several times
over. and a surprisingly large de-
mand came from Switzerland and
Sweden, which countries also partici-
pated in the American portion of
the loan. Books were closed at noon,
two hours after the opening. AL
lotments will be announced within a
day or two.
Early trading in the New Japan
ese bonds was at a premium but
with lessening activity the price
hovereu around the offering quota
tions of 92 IL. French governmental
: and municipal issues and Serbian SIS
improved, but otherwise the foreign
| list was weaker, with Mexican SIS,
| Belgian SIS and Dutch East Indies
LIS declining.
Heavy buying of Interna tional
| and Great Northern adjustment IS,
i aided by the sale of the road to the
| Gulf Coast Lines, featured the con-
, Structive side of the market On an
| exceptionally heavy turnover, the
! bonds advanced more than . points
! before closing a point higher on the
: day. Seaboard issues were unable to
| hold their early gains and lost
| ground along with st. Paul. Frisco.
Katy" Eri& and Baltimore and
| Ohio liens. A drop of points in
| Punta Allegro Sugar IS was attri :
| buted to a profit taking.
! United States government issues
! yielded fractionally on reports that
! the government shortly would do ad-
! ditional financing.
| Total bond sales (par value) SILL
! $4,000.
/ Total stock sales 1911, 900 shares.
20 industrials averaged 1924; net
J loss 3.21.
High, 1924. 1924; low 94SS.
20 railroads averaged 1915; net
! loss 26.'
High, 1924, $3.50; low S2.74.
Daily Kennebec journal., 1924-02-16
pearance. Most of the guests were

pearance. Most Of the guests were
in costume.
Whist was enjoyed during the eve
ming, and the prizes were as follows:
Ladies-First. Mrs. Eva Dunham.
two silver spoons; consolation, Mrs.
Allen Prescott, two linen handker-
chiefs; gentlemen First. William
Durham. two linen handkerchiefs:
consolation, Harry Leavitt,
Mrs. Wentworth served to her
guests during the first part of the
evening, ice cream and saltines.
Dancing was also enjoyed. with
music furnished by Mr.. and Mrs.
Allen Prescott, piano and saXophone;
William Durham, violin; and +. L.
Nelson, cornet.
Later in the evening. a delicious,
collation. consisting of assorted
sandwiches, assorted cake. olives.
whipped cream tarts. and coffee was
served by the hostess. Everyone
voted, at the late hour. of their de-
parture, that the evening had been
most enjoyable one. and will look
forward to the time when Mr.. and
Mrs. Wentworth again open their
home to their many friends.
Those present besides the host
Daily Kennebec journal., 1924-02-16

FURNISHED to the Kennehec Jour
ral through the courtesy of J. A.
Carnage Il Co. of Augusta and
Waterville.
Washington. Feb. 15-Pressure now
is being brought to bear upon Con-
gress to modify restrictions on i'm
migration as that body is preparing
to take up the question of making
permanent the present temporary
law limiting arrivals from any coun-
try in any one year to n number
equal to three percent of the total
number of that nationality in the
United States in 1910.
Large employers complain that ma
tive Americans cannot be persuaded
to perform many common labor tasks
formerly more or less monopolized
by the foreign born. A larger num-
Der of common laborers must be al
Daily Kennebec journal., 1924-02-16

age per capita consumption in 1918.
as stated by the Statistical Alb
stract of the United States. .~'as
slightly below 9 pounds per capita.
in 1918 l0H pounds. 1921 slightly
above IL. and in 1923 approximately
Is pounds per capita. =
And the coffee habit" seems 4
somewhat expensive one. says the
Trade Record. when we note that
the stated value OF the coffee I'M
ported since 1918 is over lNhil-
lion dollars IN the countries from
which brought and by the time it
is shipped 10 our ports. ware
housed. roasted and transferred To
the consumer has fully doubled IN
price. suggesting that the people OF
the country have paid more. than
$4,000. 900. 600 for their coffee since
the beginning Of the war. and that
they are now paving for their coffee
considerably over a million dollars
day.
But the people will have it ire
spectlve Of price. for the very year
in which the import price made its
highest record. 1920. showed larger
Quantities imported than in any year
preceding that date The average
import price OF coffee entering the
country in the fiscal year 1920 was.
according 10 the Department OF
commerce. practically y cents per
pound (2l % eents). and the guam
tity imported in that year Az
900. 900 pounds. or more than in any
earlier year in the history OF the
country. and in TACT is only ex-
teeded by the record Of the calendar
year 1923 when the total is approx,
imately LAPS. 200 600 pounds Or.
dinarily the import price OF raw
coffee averages from 10 10 II anf
l5 cents per pound In the cal
endar year 1928 the average import
price was about Is cents per pound
the valuation OF the coffee import
ed being. under the laws OF ths
United States. "tle actual market
value or wholesale price thereof al
the time of expectation to The
United Stat-s in thr nrincipa
Daily Kennebec journal., 1924-02-16
Boston Produce Market

Boston. Feb. -.
REET-Choice whole cattle 143m 15i.
BUTTER-Extras 52G 523. firs;s II
651&
CHEESE-Fresh choice ESQ 25l;
fiTsts 23G 24I.
CORNING. yellow 1.001101.
EGGS-Nnarbv hcnnerv brown ex-
tras 40; white and mixed extras AGA
4S: western extras 45m46.
FLOUR-Spring patents. 196-lh.
sacks. special short G.75Q 7.65: stand
ard 6.150 q 1.7J.
HAY-No. . timothy &c as.
LAMB-Spring 20624
oATS-Forty pounds 64a65
P0RK-Nedium backs 26.50G % 80.
POTATO OES-Green Mountains 1909
200 per 100 pounds; sweets 1925 5d3.5o.
SUGAR-American Sugar Refinery
quotes .09 in 100-barrel lots less per
cent. for cash.
NEAL~12 m125
Daily Kennebec journal., 1924-02-16
Studebaker Smashes
AN Previous Sales
Records During 1923

Nineteen twenty-three was ban
ner year for the automobile industry
in both production and sales Of cars.
Coming after the year 1922, which
showed a remarkable improvement
over the "off year" 1921, the increase
in automobile business during 1923
10 even more impressive.
= Studebaker's record in making 1923
us banner year with the sale OF
more than 145.1 1862 cars follows a SER
les OF phenomenal sales records.
Each year for the past six years
Studebaker sales have greatly ex-
ceeded those OF. the previous year.
Students Of statistics will recall
the story that 1921 told. In that
year the sales OF Studebaker cars
were 23.4 per cent greater than In
1920, while the total number OF cars
Daily Kennebec journal., 1924-02-16

on green vegetation and water
even without the addition Of other
food. Young goslings require sue
culent food such as clover. roots
cabbage. etc, and while 1t Is prof
liable to feed them they will gen
orally forage for themselves.
AS a rule gaDder mates only
with two or three geese, so the slzeI
Of the flock depends upon the
peaceable disposition Of the gam
ders. Geese frequently live to fifty
and seyenty-five years Of age, and
may be kept for breeding purposes
until twenty-five years old, but the
gander must be changed every
seven or eight years.
There is a large market for
feathers. Geese should never be
plucked during the summer as it
interferes with their growth. About
one pound of feathers may be OBJ
tanned from a goose in one year.
They should never be picked at
tine when blood flows from the end
Of the quill.
Daily Kennebec journal., 1924-02-16
New York Produce Market

New York, Feb. 15.
FLOCR-Cnsettled; spring patents
SIS. O'''' so'' winter S''a's MS ''V'~
CORN MEAL-Easy: fine white and
yellow granulated 2.20h a 2.3J.
NHEAT-Spot easy: No. 1 dark
domestic 1,411; No. . red winter do.
1.273; No > hard winter f o h 1861;
No. l Manitoba do. 1.l74; No. > mixed
durum do. 1.16.
CORN-spot easy: No. . yellow i
New York rail 97}: No. = white do. 99B;
No. 2 mixed do. 96a.
OATS-Spot easy; no. . white 5S5
Q59.
LARD-Easy; middle west 11.o5Q
11.G5.
BUTTER-Unsettled; receipts 1928:
creamery higher than extras 81 a 513;
creamery extras. o. score 5p3: do
firsts. IS to 81 score. 49@ 5Ol: packing
stock current make No 2S3G29.
rds6 EGGsGnsettled a,hsrsS i reeepts pts iSG$ s.
iirsts 312 q 3Sl; do. seconds and poorer
30 a 81: New Jersey and other henncry
whites closely selected extras AL "a 46 ::
nearby hennery browns extras 44G46.
POTATOES-Steady Long Island in
' bulk $50 pounds 3.70m 4.40: Maine 375
q 400: New York 3.25 q $50.
BAGES-Strongcr: New York
| bulk per ton white Danish 32.00G $500:
do. red 1000 a 900: southern per ham
Sc a TIC.
There was no change in raw sugar
! prices today. Sales of about $4,000 bags
! Of Cuhas were reported AT the 7.2S
cent Lowell, but offerings have increased
| materially and there was still sugar
/ for sale at that price at the close.
| Raw sugar futures shared in the
general weakness of other commodity
! markets and closed at the lowest with
lest prices showing net losses Of Is to
& nniptG N-aI1 a nj i',ihap in
Daily Kennebec journal., 1924-02-16
WlNSLOW

The Thursday club held very
pleasant meeting Thursday after
noon at the home of Mrs. William
Roberts. The ladies occupied them
selves with fancy sewing and a gen
eral good social time. Very deli
cious refreshments consisting Of
sandwiches. cake and coffee were
served by the hostess. The club will
meet on feb. q at the home of Mrs.
Harold Simpson.
Mrs. Leroy Quimby, formerly Miss
Clara Thing. is visiting her parents
on Benton avenue.
The prize speaking contest of
Winslow High school will be held
Tuesday evening, Feb. 18th, at the
church.
d f. Mason was a business caller
in Waterville FRIDAY.
Several teams are employed haul
ing cloth for t:le American Wooden
company of North Nassalboro.
Daily Kennebec journal., 1924-02-16
NUMBER If1r1IGRANTS ARRIVING IN us.

lowed to enter the United States
many employers maintain. unless
wage scales are to become 'prohibi-
tative" in skilled as well as unskillcd
jobs.
That part Of the labor supply Of
the United States which formerly
was recruited from abroad now II
known to be scarce. immigration ls
at the lowest ebb I'm a decade except
for the years of the war period. new
est government investigation show.
In 1928 the number of Immigrants
who landed in the 4. = was 522,9l9
compared with S05.2cS I'M 1921 and
over 100000 in 1914 and 1913 each.
Despite the agitation for n lower
ing of the bars. it seems likely Just
now, that Congress will hold to the
present degree of restriction but Will
attempt TO make II scleCtiVc.
Daily Kennebec journal., 1924-02-16
STATE OF MAINE

Office of Secretary of State,
Augusta. FEB. l., 1924.
Notice is hereby given that a Petit
ton for the Pardon of Morris Adams.
a convict in the Kennebec County Jail
under sentence for the crime of AS
saut, is now pending before tho Gov
ernor and Council, and hearing there
on will be granted in the Council
Chamber at Augusta. on Tuesday. tho
26th dav of February next, at 10
o'clock a. II.
EDGAR G. SMITH,
Depy Secretary of State.
Daily Kennebec journal., 1924-02-16

and hostess. Mr.. and Mrs. Noycs
Wentworth. were. Mr.. and Mrs Al
fred LeClair and daughter l'onOte
Mr.. and Mrs. Albert LeClair. Mr.. and
Mrs. Irving Reynolds, Mrs. NJ u.
Spaulding, Mr.. and Mrs. Charles
Meader, Mr.. and Mrs. Maurice
Worthing. Mr.. and Mrs. John Tar
bell and son NInal, Mr. and MIS-.
Fred Haley. Mr.. and Mrs. Alien
Prescott, T.. +. Nelson. Harry Lea
witt, Mr. and Mrs. William Dunham'
Miss Ethel Reynolds. Miss Evelyn
Smedbere. Jeanette Durham. ana
"A nhrcN Colo
Daily Kennebec journal., 1924-02-16
Chicago Cattle Market

th'CaEO, FCU. 10.
fairly active. steady to strong; spots
10 to l5c higher: best matured steers
averaging l24l pounds Hoo; best year
lngs 1915; ether weighty steers 1000
m10.60: bulk fed steers 1.50G9.15:
butcher stock bulls. Gamers and cut
terS steady to strong: Vea'erS steady:
bulk to packers .9.00G9.50: outsiders
up to 1880; stockers and feeders more
active: fed meaty kind up to 100.
IIOGS-Receipts 10000 closed
strong, active! bulk butchers 7.20M
80: top 7.35: bulk packing sows 6.10Q
$50; killing pigs unchanged.
SHEEP-Receipts 5000; killing
classes generally strong; feeders
steady; bulk fat wooled lambs 14.50m
14.75; top 100: best fat ewes $50;
bulg good medium and handy weiPhts
SIS M9.eJ; bulk feeding lambs lG..0.
Daily Kennebec journal., 1924-02-16
The Golnng Eird

who's the stranger mother dear!
.eol.--he Knows us-aint he queer!
Hush, my owu.--don't talk SO wlld'
He's your father. dearest chiid.
Father died away last spring.
Father didn't die, you dub.
Father joined the golfing CLUB.
Eut they've closed the club. SO lie
Has no place to go. you see
No place left for him to roam
That is why he's coming home.
Kiss him--he won't bite you child;
AL them gnlfing Euys look wild"
Daily Kennebec journal., 1924-02-16

United States consumes one
half the worlds ouput. Our
coffee bill averages a million
dollars . day. South Amer
lea the chief home Of the
coffee tree: it now produces
about $40 of the coffee OF
the world. Brazil our iarg.
est source OF supply.
Daily Kennebec journal., 1924-02-16
Franklin Reports
Large Volume Of
Untitled Orders

Syracuse, n. Y. Feb. 15-Unfilled
orders for cars at the plant of the
Franklin Automobile Company We're
over two and one-half times the
number on hand one month ago. ac-
cording to q statement issued today
by Fl. II. Franklin. president.