davidaulloa/AmericanStories huggingface dataset:
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-01-23
The Proof of Excessive
Development

The present situation in the corn
belt is not proof of excessive de-
velopment. There is good reason
to believe that the crop of $780,
100000 bushels is no greater than
the country needs and will utilize
at fair prices, when there is nor
NAL consumption. Any lowering
of prices for meats increases the
foreign demand. A statement from
the Department of Agriculture
which we give elsewhere says that
the decline in exports of hog pro-
ducts in the first nine months of
1925 from the exports in the cor
responding period of 1923 was equi-
valent to the 100000 hogs of the
average weight slaughtered in
1923. This decline, according to
the belief of people in the trade,
was due to the rise in the price.
If the production of corn and
hogs was in balance, hog values
would be somewhat lower and corn
values higher. They would stabil-
ize> on level where the profit in
converting corn into hogs would
be less than so per cent, as at
present.
If, however, with the feed grains
and finished farm products of all
kinds in balanced relations, it
should be found that the prices of
all farm products are too low to
afford fair returns in comparison
with the returns yielded by other
industries, only one conclusion
would be possible, to-wit, that
there are too many people on the
farms and that some of them should
shift to the more remunerative
industries. This is what some of
them will do, without any advice
from the government, and it would
be mistake for the government to
resort to artificial means to keep
them on the farms. Under such
conditions they can serve them
selves and the country better in
other occupations.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-01-23
Capers Take Close
One from Portland
Basket Quintet, 21-18

Especial to Kennebec JournaD
Portland, Jan. 22.-South Portland
star hoop outfit beat Portland High
quintet in the basketball classic of
the season here by the score of Ellis.
The game was fast and hard fought
from start to finish and the score
was in doubt until the final whistle
The Blue of Portland failed in the
third frame. when their defense prov
ed weak, but fought every inch of
the way. There We're no individual
stars. Brown of South Portland
bearing the brunt of the scoring and
Nelson and Lord proving stellar
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-01-23
The Demand for Food

There is clear limit to the de-
mand for food supplies. When
everybody dependent upon this
country'S production has enough to
eat, there is no occasion to grow
more foodstuffs, and if more are
grown prices will decline inevitab bly,,
unless the government subsidies
production for the sake of supply
ing foreign consumers at prices be-
low cost.
All of the efforts that are being
made at the public expense,
through the colleges of agriculture
and the various agencies of re-
search and dissemination, to i'm
prove the methods of agriculture,
have for their purpose an increased
production to the average agricul-
tural worker Why not recognize
this purpose, accept the achieve
ment cheerfully, and conform our
policies to it?
This certainly does not involve
any considerable movement of the
farming population. The demand
for farm products is increasing
constantly with the growth of
population There is gratifying
reinsurance in the fact that thus
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-01-23
Many improvements
In the Chevrolet

Many mechanical improvements, in
the face of price reductions, were
displayed on the new Chevrolet cars
at the New York automobile show.
The numerous mechanical improve
ments, together with lower prices,
coming at this time when high tire
costs threaten advanced car prices,
concentrated attention on the Chevro-
let exhibit.
The price reduction was announced
several days ago by w. S. Knudsen,
president of the Chevrolet Motor
company. At that time no mention
was made of improvements to the
car These mechanical changes are
designed to give even smoother
operation. greater engine efficiency
and smoother ridiny. One of the
features is an air cleaner. something
which only cars of much higher price
have been equipped with heretofore.
Among the new improvement are:
lighter pistons and pins; engine
lubricating system of increased ef-
ficiency; special three point motor
suspension and redesigned motor
head with larger cooling areas
around the valves, all of which con-
tribute materially toward smooth
operation. The new car is well
cushioned by long semi elliptic
springs of special design.
The new piston assembly is about
a half pound lighter, decreasing by
approximately two pounds the total
weight of moving parts in the
cylinders. The piston is of the skele-
ton type, combining lightness with
ample strength and large bearing
surface.
Constant and complete fabrication
is assured by the new oiling system
which places the oil pump in the
crank case where it is primed the
moment the engine starts. 1t is
driven from the cam shaft by noise
less spiral gears. The new motor
head with it's larger cooling area in
creases value efficiency and life. The
generator now is driven from the
crank shaft by a silent V-type belt
which also operates the fan. The
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-01-23

ilsh welterweight. in the main ton
round bout of a Madison Square box1
ing SHOW tonight. The decision did
not meet with popular appryoaI he
ing followed by a chorus of boos
Milligan weighed 145h; Ziyic 143M
~ New York, Jan. 22-(AP)-Cene
Tunney. challenger for the heayv~
weight title, will be commissioned a
lieutenant in the United States ma
rine corps at the sports TESTIMONIAL
dinner In the Hotel Roosevelt on
FEBRUARY 16: Governor Alfred smith
ana MAYOR James J. Walker sare
among the invited guests.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-01-23
DETROIT

Mrs. Adeline Booth, who has been
critically i'll with pneumonia, for the
past several days, is very much
better. William Booth of Gardiner,
who was called here by the illness,
of his mother Mrs. Booth. returned
to his home in Gardiner. Tuesday.
Mrs. Florence Bean. visited rel
atives in Pittsfield, last Friday, and
Saturday.
Guy Rollins, was a business caller
in Skowhegan, for the day, Monday
Casper Bryant. who has been i'll
and confined to the house for several
days is able to be out again this
week.
Mr.. and Mrs. Arthur Bean, and
children, from Pittsfied visited at
the home of Mrs. Lois Bean. Sunday
Mr.. and Mrs. L. l.. Brown, We're
business callers in Pitts1eld, Monday.
little daughter was born to Mr..
and Mrs. Eugene Hopkins, who live
in the south part of the town, on
Thursday, Jan. IA.
Mrs. Linwood Hopkins. has been
having the prevailing grippe cold,
and confine tc the house for several
days, but is much improved and able
to be out again.
Mrs. Edna Miller. of Newport. is
employed as nurse, In the nome OF
Rodney Clark.
Mr.. and Mrs. Percy Smith, of Etna,
are visiting in the home of Mr.. and
Mrs Wallac Norris, this week.
Mrs. Cecil Clifford, who has been
stopping at w. H. Harris for several
days returned to her home in New
port, Monday.
Miss Delsa Hayden, of Pittsfield
was business caller in town for
the day, Wednesday.
Herbert Prince, who has been i'll
and confined to the house, for a few
days is able to be out again this
week.
Mr.. and Mrs. G. F. Hoxie, were in
Pittsfield to attend the public install
lation of officers, of the o. E. S.,
held in Masonic hall, Thursday even
ing.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-01-23

Even hasty examination of the
price-records of the commodities
named will show that however the
producers may be organized the
prices fuctuate like other prices.
cotton sold as high as 25N cents
per pound in August last and as
low as Is cents within the past
month, drop of about 80 per cent.
as the result of a larger crop than
was forecast in August. Wool is
about 40 per cent lower now than it
was one year ago. Sugar at about
Z cents per pound in Cuba is lower,
relatively than corn is in Iowa, and
the beet sugar producers of this
country would be as badly off but
Tor the protective duty of 1.76 cents
per pound. AS for fruit, here is an
extract from a report in the gov
eernment publication, Crops and
Markets" dated December II, 1925.
on California grape shipments:
By November I. the market, were
s.L, rapidly on both juice and
SOO or goo cars. which were forwarded
oaily' produced heavy losses, and the
demoralized market gradually cut down
shipments that might have Continued
neavy Tor at least week or two longer
Ihe eiose OF the deal was one of the
most disastrous ever recorded, when
volume OF shipments is cons;der.j
rrooaoiy $1,000 cars were being held
on track or were rolling at the tins
the stump came. Delivered sales. av-
eraging freight costs or less, were com.
mon during the first two week. Of NJ
eemoer. and this meant a tremendor.
loss to shippers. 0'us
Tobacco is by no means immune
from .price-fuctuations. and for
some kinds the present season bas
been unsatisfactory. The Federal
Reserve Bank of Richmond, in the.
november issue of its Monthly Re-
view OF business conditions in that
district, says: Bright tobacco mar
kets in Virginia opened in Octoher
and sold l0,197.129 pounds of pro-
ducers' tobacco at an average nr;ce
OF $l5.T the hundred pounds
compared with 1904, 6S7 pounds a.
an average of $n1.6S per hundred
sold on the same markets in Octo-
Der, 1924"
Another correspondent wr;tine
upon the same subject names the
OIL industry as blessed with sta
6lllty OF prices which the Iowa
farmers products do not have The
nigh and low prices of crude oil
IN the Mid-Continent field in tl,e
last eleven years are given below:
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-01-23
MADISON

The meeting of the committees
from the three Protestant churches
was held Thursday evening and plans
were perfected for a Father and Son
Banquet to be held on Feb. IS. in the
dining room of the Methodist Episco-
pal church, the supper to be furnish
ed by the Ladies' Aid of the church.
The speaker will be- Jefferson c.
Smith of Waterville, state secrtary
of the Y. M. c. A.. and there will be
an orchestra present.
Rev. f. Lewis Wall went to Wat
erville Friday morning to attend a
group meeting for Methodist clergy4
men in this section.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-01-23

The Department of Agriculture
in its December comments upon
prices of farm products says:
Broadly speaking, the food and fiber
crops are faring relatively better in the
markets this fall than are the feed crops.
The consuming world seems to have
greater purchasing power TOR agricul-
lures finished products than does agri-
culture for its own raw materials. Wheat,
potatoes, fruit, and cotton, for example.
are selling at price levels relatively above
corn. hay, oats. and barley. Many corn
growers, in particular, are facing an
Improbable outcome on their chief
money crop.
This state Of facts is the OASIS OF
a revival OF agitation in behalf OF
government aid for the farmers. 1t
is announced that something akin
to the McNary-Haugen bill, for a
government corporation to buy
surplus crops at "fair prices" will
be offered at Washington.
The explanation of the price sit
uaton is simple. The food and
fibre crops have broad market for
final consumption, while the feed
crops have practically no market
except from the feeders OF live
stock, which means the farmers
themselves. The non-agricultural
population does not consume corn,
oats, hay or barley in quantities to
make a market for them. These
products must be put into the form
OF meats and dairy products, or
they must be sold to the desplsed
SPECTATOR, who does not buy for
consumption, but to carry in store
until some indefinite time when the
ratio between these products which
are tor human beings, and the pro-
ducts which are food for animals
will enable him to sell at a profit.
With all the abuse and scorn to
which the speculator is subjected,
ne plays useful part in bridging
over the gap between present sup
ply and anticipated demand. He
supplies the capital required and
takes all the risk of future condi
tons. He does not know when the
supply of live stock will catch up
with the supply of corn; he can
not himself restore the balance;
only the farmer can do that. The
statistics of the Department of
agriculture indicate that at least
another year must pass before the
supply of hogs approaches normal,
and meantime there may be an
other big corn crop.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-01-23
Conditions Temporary and Not
Fundamental

These conditions are unfortunate
and deplorable, but evidently they
are temporary and not funda-
mental. They are not the result
of any conspirac, against the far
mers OF of faults in the marketing
methods. They are conditions
which are self-corrective, and even
now are in the way of being cor
rected by natural processes as fast
as possible. The canvass recently
made by the rural mail carriers at
the request of the Department of
Agriculture indicates that the num-
Der of sows bred to farrow in the
Spring of 1926 is II per cent larger
than the number which actually
farrowed in the Spring of 1925.
which is an instructive illustration of
the way in which natural economic
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-01-23

tective policy is justified upon no
other basis. On the other hand,
the proposed export corporation is
to relieve an industry of. surplus
production, the effect of which
must be to encourage more devel-
opment along that line. The more
artificial encouragement is given,
the more over-development there
will be.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-01-23

water pump has a new mounting
with laf ger bearings.
Other improvements are: an air
cleaner at the intake opening of the
air heater; tension springs at the
joints of the spark and throttle con-
troll rods; greater rigidity in the dash
and an increase of one-third in the
braking area of the service brakes
which are operated by an improved
type of brake rod
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-01-23
Per Barrel

Copper has been selling almost
continuously since the war below
1913 prices, and steel is selling AZ
this time at prices which are lower
IN relation to 1913 prices than The
average prices of farm prodpcts
II the producers of those commod;-
ties are naming the prices to, sn;t
themselves. public testimonial of
some kind should be given in rec
osnition of their moderation.
All Of this is not to say that
farmers organizations nav NOT
render worthwhile services IN
marketing products. No douht
many of them do, but the success
ful ones ask no government aid snd
f0 20 atte--~+ ,ne l1nposslue.
J recosn44~ economic condi-
..ons and work with them.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-01-23
Ford Shopping List
Would Stagger Santa

Tie shopping list taken to market
by the Ford Motor Company when
buying materials for the improved
Ford cars would impress even Santa
Claus. Yet the most canny house
wife is no more critical or painstak-
ing in disposing of her modest bud
get than were the Ford purchasing
agents in spending millions
The new longer and lower bodies
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-01-23
BOWdOin Frats
Trim Brunswick
in College Gym, 23-11

Especial to the Kennebec JournaD
Brunswick, Jan. 22-The Sigma
Nu fraternity basketball team de-
feated Brunswick high 23-11 in the
Sargent gymnasium this evening.
The game was the first ever played
in the gymnasium in which a team
outside the college took part Gibbs
was the big scorer for the winers,
making IA of his teams points.
SIGMA MY
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-01-23
HarkO Wins by
X. o. Over Walker

Manchester, N. H., Jan. 22.-(AP)
Johnny Harko Knocked out JOHNNY
Walker OF New York in four rounds
here tonight.
Jack Elliott of England stopped
Eddie Record of Nashua in six. and
Bernie Corvette won from Mike Sar-
kis of Lawrence in eight,
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-01-23
Legion Wins from
.Gannett BOWlers

The American Legion dropped the
first string in their match with Can
netts at the "Y" alleys Friday even
ing but came back strongly and took
the next three points, finishing the
match with a margin of IL points
Page of the losers was the only man
to break into the three century mark
with a total of 303 The summary:
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-01-23
Wall Street Briefs

New YORK, Jan. 22.-(AP)-The
American Electric Corporation has
been organized under the laws of Del
aware to acquire the assets and bust
ness of the Belding-Hall of Michigan,
refrigerator manufacturers. 1t will
specialize in the manufacture of an
electrically operated refrigerating ma
chine. Arthur E. Swanson, formerly
vice president of the American Aadia-
tor Company. is expected to be identi-
fled with the management. Average an
nual production of the Belding-Hall
Company in the last three years ex-
ceeded 100000 units. Public offering
of the new company's shares will be
made next week.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-01-23
City League
Lewiston Hoopsters
Shade Thornton in
Tough Battle, 1928

Especial to the Kennebec JournaD
Portland. Me-, Jan. 22.-Lewiston
High nosed out Thornton Academy
at Saco tonight by the score of 25-23
after tough fought game by both
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-01-23

II. E. Machold, president of the
Northeastern Power Corporation, an
nounced today that February 20 had
been set as time limit for the ex-
change of Power Corporation of New
York stock for that of the Northeas-
tern under the recently announced
merger plan. Power Corporation
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-01-23
SPORT TABLOIDS

Cleveland, Jan. G.-(AP)-An-
,ouncement that Johnny Risko,
risveland heavyweight, will meet
I Isck Delaney in a 10-round bout at
Madison Square Garden, February 8,
vas made here today by Risko's
manager. A previous scheduled
meeting was postponed when Risko
went down with grip.
Cannes France. Jan. 22.-(AP)-
In the mixed doubles of the Metrop-
ole tourney today, Mile. Suzanne
Ienglen and Jacques Brugnon de-
feated Mrs. O'Neil, and Pinkey, of
Great Britain, 60. 6-2. Mile. Lenglen
and her partner also beat Miss
Bennett and Scovel, 61, 60.
Bellaire Heights, Fla, Jan. 22-
fAP)-A. NJ. HoXie, golf editor of the
Boston Post. won the annual January
open tournament which closed here
today, defeating H. X. B. Davis of
New York, and 8.
New York. Jan. 22-(AP)-Jack
Zivie of Pittsburgh won judgeS
verdict over Tommy Milligan, Eng
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-01-23

G. F. Stanford, general counsel for
Sinclair Consolidated Oil Corpora
ton, said today there was no foun-
dation for published reports than an
option had been granted for the pur-
chase of the company's half interest
in the Sinclair Pipe Line Company,
or the portion of the Sinclair Pipe
Line Companys system from Caspar.
Wyo., to Kansas City, or it's half in
terest in the Sinclair Oil Purchasing
Company
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-01-23

stockholders have the OPTION of OBJ
tanning one sixth of share of class
A and two shares of common of the
Northeastern for one Power Corpora :
ton common, or two and one half
shares of Northeastern common for
one Power Corporation common.
Trading in the new Northwestern
stock started today on the New York
curb market.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-01-23
SPORTS
Va ..,,.d from Sporting 7ase)
cpORT BRIEFS
= ~. Associated Press }

tDs o,,ege relays at the indoor
/ Two - eth. the Wilco A. A., in Brook
ganles ~, u 10, will bring together
I'm rev. srom Maryland, Columbia,
teams Y. u, and Fordham in
Butgers. and Lafayette, Union, Le-
! s sisb' n. Y. U. and fordham In the
cher.
CHAMPION Pirates will open
7 Tne ,oss National League season
DE =, IT. the Cardinals at st. Louis on
isan' "A according to a schedule
ApIa At pittsburgh after a joint
dra llesut of the two major leagues
ls;isd 70 agree in a week-long
saS York meeting.
ruenty powerful electric lights to
I've indoor tennis conditions in
mplovv work for the approaching strug-
Nc" ,otween stars of France and
sc ~. u will be tested at the seventh
A .ln,nent armory by Z. S. L. T. A.
officials -
pan, Bencoe of the New York Ath-
~ club. whose side was pierced by
et lien fencing foil in recent
uS will recover. So say hospital
n sansicians. who anticipate he will be
p ~. tn leave the institution within
two weeks.
Gorge Goodwin, champion English
-.slter is due in New York Sunday
~ the Samaria. Goodwin will COM
~ W. against the American titlehold-
y willie Plant, in a three mile in
..asr,national event at the Melrose
Games on Feb. a.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-01-23

Optimism over the Continent Oil
situation was expressed today by w.
G. Skelly, president of Shelly Oil Com
pany. He said production was declin-
ing. refiners were paying premiums
and an advance in the posted price of
crude oil was indicated, although oil
men generally would prefer the in
crease to be delayed for some time.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-01-23

guards in staving off Portland ;t-
tacks. Conroy and Pete Gum starred
for the local lads. The summary:
so. PORTLAND 81 PORTLAND 10
Brown Ii RIB Agger
Dresser IF lib Gum
d. Kinds ...............c Conroy
Lord rb III HaliSfen
Nelson 10 LII Gurney
5. Kinds c ...rf stevens
Goals: South Portland 8: Portland
z; foul goals: South Portland 3;
Portland 4. Referee. Roundy. Time
four min. periods.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-01-23

Net income of Virginia Iron, Coal
and Coke Company for 1925, subject
to inventory adjustment. was $21S.-
791, equal to SO cents share on the
common, after preferred dividends.
The report for 1924 showed net loss
of $53,503.