Industry and finance show weekly gains and strong prices
Developments of the past week in industry and finance are encouraging. Prices remain strong across sectors and growers report improving demand with steady output in several markets.
23 Oct 1922
Page 1
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Newspaper
Albuquerque Morning Journal
Location
Albuquerque, New Mexico, United States of America
Date
Oct 23, 1922
Page
1
Developments of the past week in industry and finance are encouraging. Prices remain strong across sectors and growers report improving demand with steady output in several markets.
New York reports a week of improving industry finance with wholesale and retail activity rising thanks to cool weather. Cotton prices stay strong with futures at high levels. grain prices likewise firm as supply concerns ease. Fuel costs decline and transportation improves, easing prior car shortages and supporting stock builds.
London Oct 22 Admiral Sir de Horsey died at Cowes aged 95. He had been vice admiral governor of the Tower of London since 1914. He fought in the Jamaica affair and the Fenian raids on Canada in 1866. He was Admiral of the British fleet in the West Indies from 1872 to 1875 and commander in chief of the Nice fleet from 1876 to 1879.
Twelve American torpedo boat destroyers arrived in Constantinople this morning, marking a notable naval movement during the day. The arrival underscores enhanced U S presence in the region and strengthens coastal defense and patrol capabilities around the capital.
Weather bulletin from enver lists New Mexico fair and warmer on Tuesday with improving conditions. Arizona is expected to see fair skies Monday and probably Tuesday with warmer temperatures.
Partial weather summary notes the day had variable cloudiness and mild conditions with breezy segments. The report references university input and mentions a warm period with temperatures near sixty five degrees.
Washington Oct 2 New interpretation of the prohibition law requires ships entering the United States to measure alcohol against the voyage mileage and empty the last stein before crossing the three mile limit. Nine exempt lines including two American companies await Supreme Court guidance as injunctions loom while others fall under the new three mile zone rules. Secretary Mellon to oversee coast regulations as Judge Hand's decision looms.
London dispatch reports party leaders meeting at Andrew Bonar Law s residence while MPs fill offices discussing a complex political scene. A Unionist meeting is planned to elect Bonar Law leader and potential formation of a government with Reginald McKenna presiding.
Four persons died when an automobile driven by Edward G. Dahlen struck a curb near Porter Park in Montclair New Jersey early today seven others were bodily thrown into the street and injured by the crash.
Five people died when their auto mobile was hit by an Illinois Central train at Wagooner near here this evening. The tragedy occurred as the vehicle crashed onto the tracks, authorities said.
Quiet on the Portland waterfront as police bar J W W mob from entering the hall. Seventy five members arrived from Seattle, with another contingent due tomorrow, and six officers blocked entry to prevent a meeting.
New York October reports Harvard Yale and Princeton as the top trio in eastern football. Harvard beat Cambridge 38 0 while Yale crushed Wilikins 38 0 and Princeton routed Maryland 44 0. Upsets included Vermont over Dartmouth 6 5 and NYU over Columbia 7 6. Army defeated New Hampshire 33 0 at West Point.
Samuel Gompers, AFL president, condemned Attorney General Daugherty for his Canton speech about the railroad shopmen strike. He called the defense a flamboyant tirade, biased and full of falsehoods, and accused Daugherty of exaggeration and partisan motives.
A five story Lexington Avenue building in the East Side burned early today killing fourteen people, many children. Fire officials suspect arson, and hero James ODonnell, 17, rescued tenants and a baby, aiding others to safety as flames cut through floors. A relief committee distributes aid to the homeless.
Los Angeles area fire crews from Los Angeles Venice Santa Monica and Sawtelle battled a spreading brush fire in Santa Monica canyon threatening Brentwood Park. The blaze raced across forty acres in minutes as strong winds fanned it aided by high timber on Mt. Oat. Eagle Rock saw another large blaze near its northern edge with about three hundred firefighters at work.
A Bucharest despatch to Central News reports a railway collision near Laurubanya Saturday killed 30 people and left 84 injured.
Dr Lyman Abbott long time editor in chief of the Outlook and successor to Henry Ward Beecher as Plymouth Church pastor Brooklyn died today at his country home Cornwall on the Hudson He would have been 47 in December His four sons and two daughters were at his bedside after a severe bronchitis attack last summer.
Amarillo Texas Oct 22 feeders resumed overland cattle transport driving about two thousand Brahmas from Dalhart to grassland near Miami in Roberts due to stock car scarcity and freight savings.
Fort Werth the story material will be read to children in the lower grades and more advanced reading will be given to higher grades. Bible reading will occur two or three times weekly with instructors required to make no comment.
Two armed men entered the Pantages theater offices in Los Angeles and held up auditor Arthur I. Schickle, securing $6,200 from a vault before forcing Schickle inside and escaping. An unlocked vault door later allowed Schickle to free himself and summon police.
Representative Frear charges Secretary Mellon with overstepping Congress by ruling section 226 of the revenue law does not apply to a proposed 400 percent stock dividend by Standard Oil of New Jersey. Frear argues the ruling ignores the statute’s purpose and could cost the treasury hundreds of millions annually.
Timothy Doyle is jailed in Mason county after a farm shooting three miles north of Alasea City. He allegedly killed one man and wounded two others during a family feud climax. Victims Frank Hubbard 42 and George Hubbard 58 were seriously and not seriously wounded, with Juke Hubbard 62 also hurt.
The Russian armored cruisers Lorsiya and Gromebol were lost in a Baltic storm along with several other vessels. Fossiva and Gromobo! were 12 15 ton and 13 430 ton ships respectively. Rossiya and Chromobel had prewar crews noted, with Chromobei reportedly scuttled at Wronstadt in 1920 and Rossiya linked to Wrone Stadt mutiny in 1921.
The article notes the end of the Russian Revolution era in the Far East as organized opposition by Vladivostok 10 Soviet groups was crushed and the curtain drops on the final act.
Reports from Vladivostok say White Guards defending Chita government were driven across the Manchurian border after a pitched fight from October 8. The final Red victory left only a few hundred casualties and many survivors seeking new rulers in the Far East. General Dieckrich sent 176 reinforcements, prompting his vow over Russia’s burden.
Reports from Vladivostok say bandits roam the city amid an evacuation of Japanese forces. The Chita government may lack troops to control the threat, prompting crowded ships to Japan and mass departures of Russians and foreigners seeking refuge toward China Korea and Manchuria.
Hartford Oct 22 Four race horses Almaden Onward and Abe Direct noted pacers Daybreak a trotter and Wesley a trotter burned to death in stalls when a fire swept Charter Oak Stables at Charter Oak Park. The horses valued about 50000 dollars and Almaden Onward up to 10000. They were not insured.
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