davidaulloa/AmericanStories huggingface dataset:
The Sun and the New York herald., 1920-02-18
COTTON PRICES GO
GRADUALLY HIGHER
Delayed Rallying Movement Is
COntinued-MOderate Buy
ing Is Sustained.

The cotton market showed yesterday
inclination to continue its rallying move
ment, begun rather belated on Monday.
and moved gradually to higher level
Buying was neither heavy nor sbectac-
! ular, hut was so steady and In such vol
| Gm' that the bear element found its
attacks more or less futile. Undoubt-
edy the lack of any new feature in the
! general situation tended 10 check local
speculative activity. Favoring the up
/ turn element was the recovery In for
| eign exchange and securities and the
plentiful supply OF money. Liverpool
cables started decidedly better than due
and continued higher In the later trad
ing. In Liverpool there was a moderate
demand for the actual article, 5000
bales again changing hands
At the outset steady tone prevailed
\ and a point gain and loss Of points
were recorded In the active list. Fol-
lowing the call there was a very brief
furry of commission house selling that
dragged the list down to it's low Of the
day. a net Of / 10 10 points less than
| its Mondays finals. Liverpool interests
I soon entered the trading. and their sup
| port was a powerful factor during most
Of the day. New Oreleans bought and
sold 1t was evident at times that many
local shorts were scurrying for cover
The New orleans Exchange was not in
session owing to the Mardi Gras cele-
| bration.
The market was affected In It's later
trading by New Orleans despatch say
ing that the strike Of longshoremen.
freight handlers and warehouse men in
that city had been abandoned. Exports
from that port may now show better
ment.
In the sessions final hour there was
considerable domestic trade buying and
covering by Western shorts. A few
positions rose approximately u cent
pound from Mondays ending. The
closing tone was steady and at net adj
vance Of 0 to so points, Local spot cot
ton also was quoted higher at the close.
The Sun and the New York herald., 1920-02-18
GRAIN MARKET.

Corn was irregular yesterday and
prices closed lower The opening was at
a decline, but prices rallied only to slump
of again after midday. Sentiment was
bearish. with the trading largely profess
sional. While the shorts covered they
cast out no new lines and there was
! little new buying The absence OF buy
in5 was because many believed that the
recent advance OF 10 cents in corn
futures was too rapid and that the tech
ncal position was undermined. The
packers announcement that meats were
to be cheaper because exporting OF that
commodity had practically ceased was
responsible for considerable selling. In
some quarters IL is felt that the Govern
ment is planning to renew its attack on
/ the high cost OF living, which, OF cource
would have an influence on grains.
Weakness in rye, which had dropped
"a cents at it's low point OF the day.
was an incentive to selling. The de-
clines in corn, however. did not proceed
very far, as shorts covered on continued
disappointing receipts and further re-
ports of a harbor strike in Argentina
Receipts OF yesterday were estimated at
140 cars, and the priority movement
comes to an end tonight at midnight
That movement has not been as SUCCESS
full as 1t was expected to be. It is pre-
dcted that there will not be another
movement until after planting. Cash
corn was unchanged to up cents and
demand for II was quiet. The weather
was favorable everywhere.
Oats were irregular, being Influenced
by the action Of corn. Profit taking and
professional selling were In evidence at
the opening, hut buying by commission
houses checked the decline. Export de-
mand was quiet. however. and country
offerings were limited. Domestic in
quiry for cash oats Is reported to be on
an improved scale. but the movement of
that cereal from the interior is still dis
appointing.
Pork dropped nearly 81 a barrel and
lard was off VI cent a pound.
CORN-In the local cash market No. {?
yellow corn was quoted at S1.67h; No. .
mixed Sl.s6h. cost and freight n. Y, Feb
ruary shipment.
OATS-The local cash market was
n.Ssh: ltS 10. White, White ,i,cs; G':a No. Si White
fancy clipped white, s1.O5: ordinary
clipped white, s1.Os. all elevator,
RYE-Market easy No. : Western,
S1.s0A. T. o. b. y. Y.
\ BARLEY-Markst Irregular. Feeding
N.4S; mating, ;1.5sa1.G5, I. o. b. y. Y.
BUCKWHEAT-Marke dull. Sound
milling. tS.25 per 100 pounds.
HAY-Market quiet. No. /. E.15a
?.2O: No. 2. 3292.1O; No. 5. Il.S5@,1.S5;
shipping. s175Rl.s0
sTRAw-Market quiet. No / rye, 3l9
g-O Ton. .- -
The Sun and the New York herald., 1920-02-18
DEPOSITS BEGIN TO
SHOW DECREASES
Reduction Not GenerGI-OnIy
in Far Separated Places.

Special 10 THE sUS AND NEw YoRK HERALD.
WASHINGTON, Feb. l2.-For the nrst
time since the war began in 1914 aggre-
gate national bank deposits in large
number OF cities. Industrial as we'll as
agricultural centres, In the United States
have begun to show falling of.
That condition Is regarded as OF far
reaching importance by Government
economists, who are following closely
/ the credit and trade situation Of the ma
ton. Shrinkage in bank deposits means
an equivalent II not greater shrinkage
In credit, which injects a new factor
and a natural one into n situation that
has been artlhciaIly Influenced through
the increased rediscount rates Of the
reserve banks
As yet the reduction in bank deposits
Is not general but has occurred in spots
In widely separated sections. In view OF
that fact and the circumstances that in
the aggregate deposits are still In
creasing Treasury officers are not pre-
pared to OFFER any official comment. At
tentIon is called TO the fact that as yet
the tendency is local and may be infu-
enced by still freer spending among
communities that have been engaged In
an orgy OF spending. as well as by gem
erM dehation and return to normal con-
ditions. That new factor however and
the falling off o. foreign trade, high dis
count rates and slow readjustnent Of the
credit structure just at the time when
Government financing has ceased to be
the principal factor In the financial sit
nation Is expected TO make itself felt.
John SHELTON Williams, Comptroller OF
the Currency has Just compiled re-
turns OF national bank deposits IN re-
serve and central reserve cities on n
comparative basis between the dates
Of November II and December 81. In
the aggregate there was a net increase
OF deposits in the cities of Sl93, 3Sj, 900,
but in that connection II must be re-
membered that In the last two years de-
posts In all sections increased enormous
ly. or siXty-siX reporting cities forty
four show an aggregate increase OF de-
poslts OF s2z, ,9ll 900. Twenty-Five show
an aggregate reduction OF $s4, so, 200.
Most OF the Increase was in New York,
Chicago and ST. Louis. In general de-
coast States, fell off.
In Richmond deposits decreased SIS
10000; In Minneapolis, $l2.000.00O: in ST.
Paul and Denver. 100000 each; in Bos-
ton, $4,000, 900; in Cleveland, $4,000 600
The Sun and the New York herald., 1920-02-18
WHESKEY SEIZED IN
RAID ON MANS HOME
First Private Stock Is Taken
by Louisville Agents.

Special TO THE sUS AND NEW YoRK HERALD.
LOUISVILLE, Feb. 17.--The first private
stock of liquor seized by Federal officers
since national prohibition went into
effect was that taken in a raid to-day at
the cottage home Of II. Schmutz OF this
city.
The raid was made by three prohibit
tion enforcement officers and a United
States Marshal. who seized twenty.four
cases Of whiskey. d. S. Russell, As
slstant United States District Attorney
said the seizure was made under the
national prohibition law. which forblds
any one having in his possession liquors
not his own.
According to Government agents a
transfer man said he moved the whlskey
on the night OF January 16 from a
storage company's warehouse to the
Schmutz home. Schmutz was not at
home when the officers arrived, but his
wife was quoted as saying the whislsey
found in the cellar belonged to Henry
Koehler, who, the agents learned, left
Saturday for Cuba
The Sun and the New York herald., 1920-02-18

ID. crate. S50s; 100 lbs. tla5i Dan,sh.
white, ton, ss50f5. cAULIFLoWEEss H.s,--
California, crate. fig2. cHlCoRf--I.99yySI-
lana, bbl, S4a35; Florida. bsk.' W. y
CELERY-California, crate. o. flo,ias' =
standard crate. 32.5o9t: IL ID. crate, ~ -.
& EsCARoLl--Louisiana, bbi., t4.9o v e,ey'
Florida. bsk. S2GI. California, large drum
S40S aNDivE-BelElan. lh. Ivy fe-
EGGPLANTs-FloridA, box. tlSOg ~
ban, S26L5O. GARLiC--Lb.. lya zJS
KALE-VirEinla. Dbl, Sz.5092.l5. kVnL ~
RABI-Louisiana. 100 bchs. IS. Ls h
TUcE-FIorida, bsk.. 1850 as; Salior-
mia, Iceberg. crate 1l.25d 2.5oi Big Boston
crate, Sa25G2SO. ONIoNs-While, oas. ss
Sla6.s5; yellow. H95.7S: red, Hue;e9,
spanish. case. S4a5; half case. M Msz.sSV
as: crate, II.SO9I.S5. oKRA--Floridis,
carrier, I365; Cuban. S5a4. PEAs-Tselss. ss.
phone. small drum. .isgs' crate Sgs' sE
Admiral, small drum, $7as; Florida' tl. Dsh,.
tsa6. PEPPERS--Florlda, box ..yt'
Cuban, t2d4. PARSSIPs-Bpl'' .stsg,SS.. q.
PARsLEY-Louisiana, curly. Dbl. SggiS%' "
plain. SlOdSi4; Bermuda, crate, ovoi
ss25 PORTUGUESE KALE-bermuIia' Ni. a.
crate soc q 81 ROMAINE-Florida;: psS'' "
Siat2; bermuda, crate. soc. Q Ibc: sHAS- snHH
i.OT-Loulslana, 100 bchs.. lsgE. sfi. sf..
ACH-Virginia. bbL. 50; California ~, eraIsi W
sl?saS2; Texas. bsk,, ~, sc sc n
Cuban. white. box. t39fs. TUKSIFS
BAGA"bbi.. Jsa33: bag, S3@t2.7b'
The Sun and the New York herald., 1920-02-18
BURLINGTON MERGER
FIRST OF SERIES
NOrthDestern Next Is Opinion
IN ChiccSo.

Special 10 THE srN ASD NEW YoHK HEaALD.
CHICAGO Feb. 1.-THE reported mer-
ger OF the Burlington. Northern Pacific
and Great Northern roads forming a
great trunk lire from Chicago TO the
Pacific coast. was regarded here as
signalling the formation Of other great
railroad consultations when the roads
again come into the hands OF private
owners. The best opinion In railroad
circles was that at least one other i'm
portant merger would follow within a
short time, and that an era of railroad
alliances had been begun under the i'm
petus OF returned private control and
favorable legislation at Washington.
Railroad men regard as highly prob
able a consolidation OF the Northwest
ern with the Union Pacific and Southern
Pacific railroads as the next step In
the new situation. This merger would
create another Chicago-coast line, but
by the Southern route. SO far there is
no indication that plans for the merger
have ben considered. but II would be
considered a perfectly natural devel-
opment
Tending TO confirm the report OF the
planned merger OF the Burlington. North
ern Pacific and Great Northern was the
announcement that Hale Holden. Regional
Director OF the Central Western Dis
trIct, United States Railroad Admins
tration. has forwarded his resignation
70 take effect at once. and will become
president OF the Burlington again. Mr..
Holden was expected 10 remain at his
regional post until the end Of Govern
mental control r, II. Ashton, North
western regional director, has taken
charge OF the central Western dIctrict
temporarily. It is reported that Mr..
Holden will head the Burlington COM
bine
The Sun and the New York herald., 1920-02-18
1000 ARRESTED FOR
DRY LAW VIOLATION
Enforcement Organization
Will Be Completed Soon.

Special 70 THE SrS AND New YoRk HERALp.
WARRINGTON. Feb. 17-With consti-
tutional prohibition only a month old
and with an endorsement corps not yet
completely organized, there have been
more than 1000 arrests for violation OF
the Volstead enforcement act.
Statistics on the violations reported
and the arrests made, their nature and
the results are now being compiled by
the Prohibition enforcement section of
the Internal Revenue Bureau.
This work. the Commissioner said.
represents only a start upon enforce
ment Of the dry amendment. The en-
forcenent organization. he said, would
soon be completed. There are already
1900 agents In tho field and enforce
ment directors have been appointed for
all States with me exception OF Massa-
eSu''tsA Nov sssy end wyuuu&
The Sun and the New York herald., 1920-02-18
BILL FOR 2.75 BEER
IN JERSEY SENATE
FoHows 4 Per Cent. Demo.
cratic Measure in House.

TRENTON, Feb. 17-senator Pilgrim,
a Republican member from Essex, intro
duced in the New Jersey Senate tonight
bill legallzing the manufacture, sale
and transportation Of beer with a con-
tCnt OF 2.75 per cent. alcohol by weight
and 3.04 per cent by volume. The bill
was drawn by Attorney-General McCran
this afternoon at the conclusion Of a
conference with several Republican
leaders Of the State.
Representative Barrett. Democratic
leader Of the House. has introduced a
bill legalizing 4 per cent. beer, and
Senator Pilgrims measure is intended
a. the Republican offset to this bill.
Neither bill provides for q referendum.
Tho per cent bill has the backing of
Gov. Edwards who ID believed TO look
With diEfavor upon the Republican
measure N
The Sun and the New York herald., 1920-02-18
MORE BRITISH MONEY
GOES UP IN SMOKE
Tobacco, Taxi Fares, Thread
and Postage Rising.

LONDON. Feb. 17.--An actual and pro-
spective increase in prices announce
to-day includes one penny to two pence
increase on cigars and an ounce OF
tobacco. and a half penny increase on a
package OF ten cigarettes. Sewing cot
ton is increased ~ pence a reel.
The recent increase in the price of
petrol, which caused a one day strike
of taxicab drivers, is expected to bring
an announcement Of higher fares to-
morrow, when the Home Secretary will
receive a deputation representing the
taxi men.
In consequence OF the increase in rail-
way freights. the belief Is growing that
parcel post charges soon will be raised.
The postal employees demand higher
wages. involving an aggregate Of about
FIJI, 900, 900 yearly, and It is expected
that a half penny extra will be placed
on letter postage.
The Sun and the New York herald., 1920-02-18
$7e5,e79 GRANTED ROAD.
Midland Gains in First Award I'm
der COmpenaatIOn Act.

WASHINGTON, Feb. 17.--1n its first ac.
tidn as to just compensation for annual
rental of railroads under Federal con-
troll $765.679 was granted to the Mid
land Valley Railroad Company in a de.
cision announced to-day by the Inter-
state Commerce, Commission.
Director-General Hines had offered a
compensation contract carrying about
s530.000 which the company refused to
accept. The roads standard returns
however. were said to have been less
than this figure prior to Federal con-
trol. but the revenue obtained in the
last two years has been larger. The
company fled a claim for $1,050,000 for
annual compensation.
The railroad extends from Hartford,
Ark. to Wichita, Kan, with several
branches.
The Sun and the New York herald., 1920-02-18
PRODUCE MARKET,
REANs AND PEA

BEANS AND PEAs--Beans. marrow
| 1919, choice, 100 lbs, S1l.75UlZ; 1913. I'll
| gll25; Manchurian, {l1.50; coscorrones
! Chilean, 81: pea, choice. 1919. S7qS; 1919,
parry California, S. 5.75; kotenashi, Japaa .
nese or Corean SG50d SIS; red KID
ney, choice, 1919, fl475: red marrow, lsls'
N2.75alS: kintoki Manchurian, s5a $50
| yellow eye. 1919. SS.75a9: black turtle
soup, 1919, Ii2; white kidney. 1919, sl6.5o;
kumamOtO. MEnchurlan. IS; caballero,
Chilean, 1918. 81; bayou, Chilean, $50 625
cranberry. Manchurian. long, S55S short
1919. Ss25as.4O; 1918, $40; lima, Calf
forna, Si450; Madagascar, choice. NOH
1925. Peas. Scotch, s6.25 $50; green
domestic, I5.25; Japanese, s6.75; black eye,
I75O; green, 39.25d9,5O; white, small
Manfhurian. S575g6; large Tg7?S,
BUTTER-Creamery, higher than extras,
H.. b7I5 a 6sc.: extras, 80 score. SIC; nrsts
30 20 9l score, 62l5 a CSC; frsts, sS to W
score, SO q 62c seconds So to 81 score, 30 q
tSc.: lower grades, 5lg54c. held, higher
;han extras. 63g6Slac.: extras, Glis
seize: hrsts. 56G60c.; seconds. 5lH 55c''
unsaited, higher than extras, 704 lie; ex-
tras, 6sdGgc.; firsts, SO n sec. seconds jBH
go0d TO prime, IS q s3c. common TO fair
500 SIC. renovated. extras. 65c. hrsts 5dp
J4c.; imitation creamery, frsts. A. q 4Ac.i :
ladies', current make. hrsts, ttp sc; /;
seconds, II a 42c. lower grades, 80 q soc
packing stock, current make No. ], 4lc.'
NoV9. 30 rs 40c.; lower grades, 3513Sc.
CHEESE-State, whole milk, held mats
specials '3O13lc.; average run, 2Sh q 2sc' :
lower grades. l5g27c.; Twins held. spec
a,s, colored or white. 29la d3oc.; average
run, 2SA g29c; lower grades, lSH &c;
Wisconsin. whole milk. Twins. 27d @c.;
single haises. fresh or held, 80 a Sic; dou-
bic daIsiee, fresh, 80 a sic; held, 2sIs q 3lc.;
Young Americas. 32gSSc; state skins
freeh. specials, i79lsc.: prime to choice.
l44,6c.: fair to good, llG i3c.; lower
grades 46lOC.
The Sun and the New York herald., 1920-02-18
Coco Cola Pays Dividend.

ATLANTA, Feb. IA dividend OF 81
a share on the 800. 900 shares OF common
stock Of the Coca Cola Company was
declared by its directors here to-day. II
is payable on April 2 to stockholders of
record on March 13. II was announced
that the company's total business since
September IL was $40. .0O0,0 Of which
s1.000,0O was net profit. s. A. Austin
OF New York was elected to the board
OF the company.
The Sun and the New York herald., 1920-02-18
STREET CLEANING FUND 0. K.
Unexpended Pension Surplus 91,'
100000. HirschfleId Reports.

The pension fund OF the Street Clean
ing Department Is intact and there is no
need of the issue Of revenue bonds to
serve that fund, according TO a prelim-
ilary report OF David Hirshheld, Com
missioner of Accounts. to Mayor Hylan
Yesterday. The Commissioner made an
investigation Of the fund as the result OF
communication sent to the Mayor BY
c. A. Charlesworth, chairman Of the
executive committee Of the Protective
Association of Pensioners OF the Street
Cleaning Department.
The Commissioner found an unex-
pended surplus of Sl,6l0,6O0 in the
pension fund, or more than sc per cent.
of the total income OF the fund stncs its
establishment In October. 1911.
The Sun and the New York herald., 1920-02-18
HILL RAIL MERGER
IS TO Be REVIVED
Continued from First Page.

for consolidation purposes but such
consolidation Is not enforced as was
originally provided by the Cummins bill.
Such consultations 1t was stated to-
night, are differentiated from the North
ern Securities case by the fact that
they provide for a physical merging OF
properties into n single unit while the
Northern Securities Company was n
financial arrangement providing hold
ing company for other concerns that
might or might not be competing, but
which were individually operated.
The Sun and the New York herald., 1920-02-18
NO SCENT LOAF LIKELY.
Labor Cost Bars II Even if FIOur
Were Free.

WASHINGTON. Feb. l7.--Increased pfo-
duction and distribution costs would pro-
hiblt the sale OF five cent loaves Of
bread "even II the -four were furnished
free" Harry T. Upton OF Brooklyn,
representing the New York State Bakers
Association, testified to-day before the
Senate Agricultural Committee.
Opposing passage Of the Senate bill
which would abolish the United States
Grain Corporation. Upton said all bak-
ers opposed a change in the basic price
OF -four The price is determined for a
ninety-day period, he said. and any re-
duction would mean r loss to the baker
because Of the stocks on hand.
The Sun and the New York herald., 1920-02-18
LEGAL NOTICES.

PURSUANT TO AN AGREEMENT en-
tered into on the 22nd day of January,
MAKER. NEW YORK, and Hnf Mrs wHssAA- JosAA.
PH1NE THOMPSON. I viii sell on ths
26th day Of February, 1920. at ten O'clock
in the forenoon, In the piano department
way, In the City. County and State Of New
York, One Style Mahogany Grand Plane
and Bench, a. provided BY Sections e5 and
nAtUEi 0REEMEAIn Xnst,en..A
The Sun and the New York herald., 1920-02-18
ELECTIONS AND MEETINGS.
Z, I. duPONT deNEMOURs AND
rnMpANY
MIlmInEton. Delaware.

wilmington, delaware.
Notice Is hereby given that the Annual
Meeting OF the Stockholders OF the E. L.
held on Monday. the sth day Of March.
1920. at ~ o'clock noon at the principal
ONCE OF the Company, No. 1907 Market
Street, in the City of Wilmington. In the
for the purpose OF electing a Board Of d.
rectors and receiving and acting upon the
reports OF the officers and for the trans
action of such other business as may prop
erIy come before the meeting. The meet
ing will be held in the Meeting Room in
DUPONT Building.
ALEXIS I. DUPONT. Secretary.
The Sun and the New York herald., 1920-02-18
National EnameIinR Report.

The National Enameling and Stamp
Ing Company reports for 1919 gross
earnings Of S4.S7s.996. against S4,145.-
81 in 1918. and In 1919 net surplus. af-
ter all charges and taxes, OF s3,326.s4I,
equivalent to a little more than 21 per
cent on its common stock, against l3
per cent. earned on the junior issue in
1918. Deductions included in 1919 $780,
900 for Federal taxes. s1o2.625 for bond
interest and Seie.1S1 for preferred divi-
dends. The ainking fund reserve totailed
S1,4Ss.5oo, undivided profits 3s.23o,sos
and total Survl is.sVziVt In 1919.
The Sun and the New York herald., 1920-02-18
DIVIDENDS AND INTEREST.
ATLAS POWDER COMPANY

February II, 1920.
dividend Of go on the Common Capital
Stock OF the Atlas Powder Company has
been declared, payable Wednesday, March
10th. 1920. to stockholders OF record at the
close OF business on Saturday, February
2sth. 1920.
The stock transfer books OF the Com
pany will be closed against the transfer
Of Common Stock at the close OF business
on Saturday. February 2sth, 1920. and will
be reopened at 900 o'clock A. NJ. on
Wednesday, March 10th, 1920.
LELAND LYON Treasurer.
The Sun and the New York herald., 1920-02-18
workers. Aid Favored.

"A matter OF vital interest" the letter
closes. rs the enlisting OF the employees
SO that they will work harmoniously.
willingly and efficiently. 1t is a colos-
sal waste TO exclude from railway OPP
Grafton the contributions Of two million
men with lifelong experience in the rail-
way industry.
Believing that the provisions for a
subsidy and for tho utilization OF public
funds by private individuals is a be-
trayal Of the public interest and is sub
versive OF the traditions OF the country :
believing that the pending bflls are an
invitation to waste; believing that the
worker and the farmer will be made to
pay tribute TO financial exploitation and
that the people will be called upon to
bear an unnecessary load measured by
billions OF dollars that will be saved by
government control; believing that the
return OF the railroads at this time is as
calamitous proposal as could be con-
ceived-believing all these things. we
feel justified In protesting with all the
emphasis at our command against the
passage Of the pending railroad bill"
The Sun and the New York herald., 1920-02-18
West Point opened to Private..

WASHINGTON, Feb. 17.-The House
passed to-day the West Point Military
Academy appropriation bill carrying
s2,141,719. Under the bill those serving
in the army for more than a year may
be admitted to the academy for the full
course, IL between the ages OF II and
81 years.
The Sun and the New York herald., 1920-02-18
COTTON STATISTICS.

Liverpool Cables-Spot cotton fair busi
ness doing al 6 points advance on The basis
OF 3i.Oid. for middling. Sales 500 bales
including 5000 American. Imports 1900
American 5000 Futures opened steady at
% TO 20 points advance Closed frm at S to
80 points advance. March. 2s7sd.; May,
q SD July 25. SD; October, 23.5sd. Decem
ber, % SD Manchester-Y Yarns strong: cloths
good demand.
The Sun and the New York herald., 1920-02-18
EMPIRE STEEL q IRON COMPANY
Annr,nl EAncEhnldnnn NIL.

The Annual Meeting OF the Stockholders
OF the Empire Steel a Iron Company VIM
be held at the once OF the Company, is
Exchange Place. Jersey City. N. j., on
Wednesday. February 2sth. 1920, at io;o0
o'clock A. NJ.
The Transfer Books OF the Company will
close p VI. February End and reopen
February 26th. 1870
JAMES s. sTILLMAN. Secretary.
Catasauqua. Pa. January ~. 1870