Muncie Post-Democrat, Muncie, Delaware County, 23 February 1923 — Page 3
vr; '
Y
■ 1
FRIDAY, FEBRUARY 2S, 1923
W-itZX 3
SQUIRE EDGEGATE The Ball Meant More to the Kids Than the Widow to the Squire
BY LOUIS RICHARD
- VvHATS
OoiH OH IN Town- look's J-NZE j) SO/W5 THRQ\a*ZR'<>
"1
NOW \5ZZ WHAT you VONE - AH ' w£-l^ All <5-it 'PjNCHEO- tTwq$ 7HE '5<+>l>iRE , S
3EAT IT T'E.LLER s - Here he C(2>/vlES AFTER
r,
/ V£ ©££^ CHASfKCr you tor four tblock’s — HERE'S yoUR BALL yod‘J-t nell> i~t~~ I USED TO J-ZNOCH home, ruhs lire
TH A
Declares Turks Won’t Yield
NEWS OF THE FINANCIAL AND INDUSTRIAL WORLD
Confidence in Values Reviving By JAMES B. CLEWS Wall Street—New York. Feb. 22, 1923—Broadening of stock market 1 transactions and improvement of | quotations have been characteristic > throughout the week, the result be- J ing to give the market prospect a more hopeful and better outlook than for some time past. Of course these tendencies have not been ab- | solutely uniform and there have been j ups and downs from day to day, but , it is impossible to resist the convic- I tion that business is now fully up to j normal in volume of output and that : very large profits are being made by a good many companies even 1 though there are still a proportion j of them which are not so largely ! profitable. There is every reason to J expect that the year 1923 will show j unusually satisfactory results from ; the standpoint of profit and loss. Signs of Business Growth There has been a disposition in some quarters to doubt whether the business growth that was going on was on a “permanent” basis or whether it was temporary or sporadic. Various board of directors have canvassed the situation within the i last week or two and it has been as- | tonishing to some to note tbe una- | nimity of opinion with respect to prosperous conditions. Textile mills are in most parts of the country working 100 per cent or in some cases more, the excess being represented by over-time. The steel industry is very nearly up to capacity with the exception of production in some special lines that are less in demand. Enormous calls for steel are being received from the oil industry and from the railroads and equipment companies as well as from automobile makers. The latter are expecting to make a larger use of steel, and to turn out a greater quantity of cars than in any previous year in their history. Very great growth in the demand for locomotives and railroad cars has been noted in most of the companies with corresponding benefit to the stocks of the equipment concerns. There is a better demand for building materials than at any time for a long while and the carloadings of railroads when analyzed show great quantities of heavy materials going forward to destina-
tion
* Some Speculative Features The sugar industry was somewhat excited during the past week upon receiving official reports indicating that there was a probability of a “shortage” of seme 250,000 tons for the current year. This report on being analyzed turned out to be equivalent to a statement that the upon the banks for larger accommodations. The remarkable element in the present situation is seen in the seen, will inevitably result sooner or later in a very considerable pressure
InlTraining-for YThe Season *
recently, but it cannot be said that the buying power in that direction has yet taken on sufficient force to keep the upward movement going. As is generally known, owing to the bad European political situation, the market has been largely professional practically since the first of the year; even now nine people out of ,
ten feel that until agreements are j Washington, D. C., Feb. 22-Con-patched up on the other side it would i . , . ,. ,. . , ,, be just as well to be cautious in the ! Sessional investigation into the rematter of taking on fredh loads. | tirement of Major Gen. Adelbert Nevertheless, it must be conceded , Cronkhite, U, S. A., is considered that the market has developed won- 1 sure as the result of the latest of derful absorbing power as profit tak- 1 the latest sensaional development in ing, which has been more or less the celebrated case of Capt. Robert
of a feature this week, has resulted Rosenbluth.
in only temporary halts showing that
WAR DEPARTMENT ACCUSED IN NEW CRONHITE PROBE
said that the class of 1922 has been mobilized in Lithuania.
Dispatches last night from both
Polish and Lithuanian sources reported collisions between forces of the two countries. The Lithuanian legation in Paris made public a dispatch from Kovno asserting that the Polish forces had invaded Lithuania, after occupying the neutral zone near Orany, and attacked the Lithuanian
troops with heavy casualties.
The dispatch added that the Lith-
j uanian government had reported the
London—In his speech from the facts to the League of Nations, rethrone opening Parliament, King questing that steps be taken to pre-
George declared: “Great Britain vent an extension of the conflict.
... „ „ , Rosenbluth, charged with the mur-' canriot concur or participate in the j Dispatches from Warsaw declare the leaders feel confident that with der of Gen. Cronkhito’s son, Major . Ruhr operations but will act so as | that Polish troops and troops asthe progress now being made in busi- Alexander P. Cronkhite, while he i n °t to embarrass her allies, France signed to occupy Poland’s part of
Foreign News
between England and Tur-i I key. Ismet Pasha, shown here.; represents the Turks at the Lausanne, Switzerland,’conference which has been trying to avoid a conflict Having told the others just how far | his country -will go, he added: ‘The "» key to peace Is in your hands.” But ^England insists on still further con il cessions/.* do the situation, though '“not hopeless, is very threatening -
and Belgium; Turkey may still be
ness the profits of all going business was stationed at Camp Lewis, Wash- ! a pd belgiu _ concerns in the United States this ington, in 1918, has just been re* 1 disposed to sign Die treaty ot Lau-
year will result in manv instances in leased in New York upon the decilarger dividend distributions; and sion of a United States Commission1 this after all is the underpinning on er that the Federal courts had_ no
! which present confidence is based
The only fear is that the interests tain on the ground that the Govern- | back of certain stocks will forget ment did not own the pi’operty upon j that boosting their favorites .over which the crime was committed. . n ight to undue heights generally j General Rennenin«r •presages a setback. Outside of this! ,' . .. , . ." , i feature the market looks healthy, as 1 Hardly had this decision become , most holders of stocks show little de- ^ no Y n , whcn fiends of Major Gen. i sire to part with them. ; Cronkhite issued a pamphlet attack-
I ing the War Department for the reI tirement of the General last week,
tn,
sanne, and the “opportunity so laboriously prepared of rebuilding the peace of the East’ may not be sacri-
the neutral zone had been opposed by Lithuanian forces, including reg- 1
ular troops.
jurisdiction"to* indicT or ’try~the~ Cap~- ficed; the prospective American debt
settlement is welcome.”
TREATING SEEDS CONTROLS DISEASE
and charging that the officer was taken from active service because of his insistence that his son’s death be
: investigated.
j It is predicted that the denouncment will result in a general re-
Botanists at the Experiment Sta- opening of the entire sensational case, tion find that loose smut of oats, | The pamphlet issued by the stinking smut of wheat, covered smut Cronkhite adherents charges that the and striped disease of barley, black- j War Department, because of t/he leg and blackrot of cabbage, and po- j General’s insistence upon investigaiato scab may be controlled by soak- j tion of his son’s death, sought to ing the seed in a solution of one 1 send him to a foreign country, and, pound of forty percent formaldehyde failing in that, succeeded in retiring
or formalin to twenty-live or thirty
gallons of water.
jr \ir '
This formaldehyde treatment is j also found to be a partial remedy fpr. 1 v/hoat scab amcUanthracnose of wheat,
rye, and oats.
Corrosive sublimate at the rate of one ounce in eight ^gallons of water was found very effective in treating seed potatoes ijor scab, But neither ,the -formaldehyde nor the corrosive sublimate treatment prevented loose | smut of wheat or barley, as the in-
* • faction, it was said, is inside the seed. so-called pre-war normal “carryover” hp,t water treatment of the seed
[THE fort Worth Girls’ Baseball
: J_ Team is practicing already for j. the coming season. The club gave a good account of itself last year and experts say some, at least, of. its members are capable of performing creditably on any diamoqd. iShown here is Miss Evelyn Single-,
ton,'at bat. . ._ __ \ "
of about 750,000 tons • was likely to be reduced to a carryover ;ht, the
destroyed • the infection
No form of seed treatment will
or smutty stalks may be removed and burned before the spores are set free. . .
■ ff
Good News for Stout Women Nemo Sell-Reducing No. 333 is a real bargain. It has a loWtopj and medium skirt. Mad ir> durable pink cr white coutii; sizes 24 to 36—and costs only $3.00. If your dealer can’t get it, send name, address, size and $3.00. We’ll Send the corset. Nemo Hygienic.Fashion Institute 120 E, 16th St., New York (Dept. S)
end of this season of about 4*50,000 j prevent corn smut, but the smut balls
tons,, a reduction then of “normal” carryover in the amount of perhaps 274,000 tons. Under .such circumstances it is not surprising* that quotations- for raw sugar and for sugar shares should have undergone some rapid up and down motions. However, the sugar industry is now in excellent shape and most companies are again in. a-position to make money. Other speculative elements in the market ha\m. been seen in some of'the public' utilities under the influence of good earnings and reports of extra dividends, while persistent strength has been manifested in sundry of the oils. These features usually go with a rising market and tend to strengthen the belief that average gains throughout the list are likely to be higher in the long run with greater speculative opportunities from now on in many stocks. The shares of the common carriers continue to present a good appearance, although interest in these has veered largely to the industrials which offer for the time being greater opportunities for quick turns. The prospects of the rails, however, are exceptionally bright, due to the fact that Congress is evidently to adjourn without passing any new transportation legislation, thus leaving the roads apparently a fair chance for an undisturbed year’s work. As often observed the rails need only, a moderate impetus to send their prices up because the floating supply
of stocks is so small. Prices and Money
It is a noteworthy fact as well as a rather encouraging one that in this condition of activity, there has been so little disposition to force goieral commodity prices higher. They continue on the average at something like their old yhlue of l a st month or the month before. Money is - available in abundance but the increasing activity of business, it is now fact that advances in money rates thus far have been so limited. The reserve banks, however, are in such a strong position no uneasiness is felt that there will not be suffi-. cient funds to meet all legitimate requirements, the reserve ratio now standing at 75.3 per cent, Foreign exchanges are naturally still. under the influence of unsatisfactory transatlantic news * and n»must -f continue so until the political skies clear. Market Review and Outlook The week ha’s been one of the most active for sortie time past. Good business prospects, ..«as (already set forth, have tended to advance prices. All facts go tn show that the,general run of stocks (are strongly,]held and that there is ho “overhanging” - situation at home , that is-likely to cause trouble. The public , at large have evinced more interest in - the - market
him; that the slayers of the son are being “protected”; that official evidence has been destroyed from the files regardir, - the murder; that Attorney General Daugherty, at the suggestion of, Senator Calder and Secretary HooVer, delayed action in
the case.
Influences at Work Gen. Cronkhite was sixty-one I years and seven months old when his retirement : order started on its way. The usual retirement age is sixty-four. - It is stated that the nature of the new attack leaves no course open through which it can be handled save by an investigation by a Congres-; sional committee. A number of in-• riuences are at work to force such a procedure. e
INCREASED PAY ASKED FOR OHIO GUARDSMEN
Munich — Prof. William Conrad Roentgen, the discoverer of the X-ray who was buried here, died in poverty. Roentgen refused to patent his
discovery.
Paris—France’s naval program
Columbus, Feb. 22—Enlisted men of the national guard would receive $3 per day instead of the present pay of $1 when called into active du-
whereby she will attain 700,000 tons ty by the state, and officers would be at the end of twenty years, was out- paid on the same schedules as are lined in part in the “Matin.” i paid officers of the United States London—Criticism of the French army, by a bill introduced in the Ruhr policy, attacks by the Labor legislature by Representative Fair, Party on the Tory Government be- , Democrat, of Holmes county,
cause of the unemployment situation, and the display iof disrespect Tor j King George by Lahorites marked the first day’s session of the British
Parliament.
Verona—Cardinal Archbishop Bacellieri is dead here. Sydney, N. S. W.—Following discharge of one man from the British Empire Steel Corporation’s plant here, more than 500 quit work, claiming the man was a victim of persecution because of his activity in union matters.
Don’t Fuss With Mustard Plasters Musterole, made of pure oil of mustard and other helpful ingredients, will do all the work of the old-fashicned mustard plaster — without the blister. Musterole usually gives prompt reliefrem bronchitis, sore throat, coughs, colds, croup, neuralgia, headache, congestion, rheumatism, sprains, sore muscles, bruises, and all aches and pains. It may prevent pneumonia. All druggists—35c and 65c jars and tubes— hospital size $3. Better than a mus/ard plaster
LITHUANIANS UNDER ARMS
Fresh Attack on Poles Followed by Mobilizing Class of 1922
Warsaw, Feb. 22—Fresh attacks by the Lithuanians on Polish forces in the neutral zone allotted to Poland are reported here. It is also
KEEPING WELL MEANS A CONSTANT FIGHT AGAINST CATAHRH
my diseases may be described as a catarrhal condition. Coughs, colds, nasal rh, stomach and bowel disorders are just a few of the very common ills due to
Manj
catarrh, catarrh.
Fight it! Fight catarrh with a remedy o? assured merit, a ifemedy vWuch has a reputation for usefulness extending over half a century— .OR, HAiltMAN 9 S. pe-§ty-ito
Tablets or Liquid
Sold Everywlssr®
HAPPY AND CONTENTED FEET SECRET OF GOOD DANCING, SAYS BALLET STAR
Z r ; N
Central Indiana Gas Co. 3lit
CHICAGO. — “Happy, contented feet” are the secret of beautiful dancing, according to Madame Anna Ludmila, premier danseuse of the Chicago Civic Opera Association which has just opened what promises to be a brilliant iscl of
grand opera here.
“The one thing a dancer must forget is her feet,” said c..e beautiful girl who at eighteen is accountone of the world’s most wonderful dancers. “This is possible only when they arc comfortably, correctly and beautifully clothed as well as perfectly trained. Only when a dancer’s feet are happy and contented is good dancing nossihle on or off the stage. It is well foi wemen of society who wish to dance
into the hearts of their admirers id remember this. “It is in only a few ballets that a dancer wears shoes and stockings. But in the “Carmen,” “Jewels of the Madonna,” “Snow Maiden,” and a few other grand opera ballets, the dancers are costumed and then we wear long stockings and shoes. “Everyoi.i knows how vitally necessary it is to have shoes i properly, but only those who give the most thoughtful care to their feet consider the tremendous impartance cl comfortable, well-fitted stockings. If a stocking does not wrinkle around the pinkie and calf of the leg that usually is considered sufficient and a seam down the back of the leg and across the sole of the foot has been considered necessary to insure this fit. “That seam along the sole of the foot is rot conducive to a dancer's comfort nor does it insure forgotten feet. To a tired foot the smoothest of seams may become a jagged ridge of rocks. “The seamless stocking is the thing for all manner of dancing. A fashioned, seamless stocking, fitted in the knitting, widening at the calf, cuddling in with narrowed stitches at the ankle and shaped in the weaving to the foot is the ideal stocking. It makes for a happy, contented foot that can take care of itself without any help ;i.i headquarters and leaves the brain of the dancer free to concern itself exclusively with the art and interpretation of the dance.”
Make Your Money Earn 8%
The Preferred Stock of the Central Indiana Gas Company pays $2.00 a year or 50 cents every Three months on each $25.00 share. (For sale at Par.) An attractive return with complete safety.
Central Indiana Gas Co.
<