davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1920-12-19
SILKS DEMAND
STILL ON RISE
Dress and Blouse Makers Are
Largest Buyers-Price
Tendency Upward.
Special to Business Section Of The wash
inrton Hersld.)

Special to Business Section Of The wash
inCton Her.h.)
NEW YORK. Dec. IS.-Demsnds
for silks continue to improve slight
ly aud the mills are buster than at
any time for a number OF weeks.
All mills are not operating full
time. but the present activity is
conditions that ruled during the
three months past.
There are more cutters-up and
jobbers of raw silk in the market
this week than there were earlier
in the month or late in November.
Some are buying goods for spot oe-
livery and spring staples, while
others confine themselves to seeking
information and buy only upon in
structions from their respective
concerns.
Spring purchases are being filled
largely from spot stock. The largest
buyers Of spring silks are dress and
blouse manufacturers. They are TAX
ing some georgettes. heavy crepes
de chine and some sheer fabrics. Up
to just a few weeks ago the last
named description Of silk goods was
unstable at any price.
The price tendency is upward and
some lines of silks bring 20 TO so
per cent higher prices than they did
two months ago. Some sellers pre-
dict that much higher prices will
prevail later and customers are be-
ing urged to enter their commit
ments now. Some buyers demand
price guarantees and privilege of
canceling later on. These conces-
sions are opposed by a number of
silk mills and silk distributors. who
refuse 10 manufacture more goods
than they have orders for. They ex-
plain that they will not proceed with
the spring business on other than a
bona fide arrangement, which means
no price guarantee and positively no
cancellations.
The holiday trade has provoked a
little better demand for narrow silks,
these ribbons being consumed main
ly for decorative purposes.
The Washington herald., 1920-12-19
Cessation in Foreign
Demand Hits Wheat Mart

In their daily letter, issued at the
close of the market, Thomson &
McKinnon,. brokers, in discussing
the wheat situation yesterday, said
in, part: There has been a cessa-
ton, probably Temporarily, Of the
export demand in wheat. Such buy
-ipg as appeared today seemed to be
against previous sales. Foreign
news again carries a rather opti-
mistic tone to the extent that sup
plies in England are said to be lib
eral; to the extent also that Argen-
tine surplus Is large. In the past,
when items Of the above character.
have been received the market has
met rather important export busi.
ness. 1t remains to be seen whether
/. these conditions will repeat them
selves. Some realizing sales appear
In the market, but the undertone
was firm throughout. Minneapolis
tells of signs of Improvement in the
nour business, although the volume
of tradetis still small. Leading cash
handlers and exporters who are
closely in touch with the foreign
business situation expect q contin-
uation, Of export denaand.y si..si.s
The Washington herald., 1920-12-19
Shipping Board to Replace
Present ALLEGATION System,
A Source of Constant Loss

Constant losses to the United
States Shipping Board through its
present system of allocating vessels
of its feet to operators as agents
has compelled the government to
look ahead for some means of keep
ing it's boats busy on a more eco
nomic scale. While the depression
in the freight market is making a
bad situation worse, the present
basis of the ALLEGATION system Is
not looked upon as economic and
members of the board are cropping
for a means of securing more favor
able returns on the ships.
The present difficulty arises from
the agreement on the part of the
board to pay the operating cost and
a fixed commission. dividing the
profits with the agents Such a
system, II is felt, can only return
profits to the board under boom
conditions. The idea now in the
minds of members of the board
contemplates bareboat charters to
operators, simply leasing the prop
erty to them and making them. re-
sponsible for. the good business op-
Grafton of the craft.
Charter Fee My Be Tested.
Under the bareboat charter pro-
posal operators would be aliocated
vessels at a monthly rental or char
ter fee, but definite consideration
Of this plan cannot come up until
accounts on present contracts are
audited and the results of the new
managing agency agreement are
The Washington herald., 1920-12-19
CURB PAST WEEK
WASBACKWARD
Many Stocks Declined Under
Forced Sales. Coal
Heavy.

NEW YORK. Dec. iS.-GeneraIly
the market on the Broad street surb
all through the past weeks was a
receding one. with many stocks de-
clining under forced sales. and liqui-
dation OF accounts was noted at
frequent intervals in a large num-
Der of issues. A feature of the trad
ing in the industrial list was the
heaviness in Farrell Goal, which
dropped from llIa to II. WHY'S
Corporation common was traded in
at 10 to 9. and the first preferred
declined from 25is to Il. Meteor
Motors. which appeared on the curb
during the week. ranged from l6h
to15.
Many stocks APPARENTLY were sold
to establish losses for tax purposes,
'among them a number which have
for long time been absent from
the market.
The petroleum group was at times
Influenced by the Standard Oil fl
nancing, which in some quarters
was assumed to create an gnfavor-
able outlook for the dependent oil
producers.
The Washington herald., 1920-12-19
RETAIL PRICES -f&
SHOW NuLDLOSS
FORLAST MONTH
Department of Labor Sta
tistics Denote 2.5fos-s
Decrease. .''s@s .s.s
MEMPHIS IN LEADS
Christmas Food Prices VIII Be
At Last Years Level, Accord
ing TO Statement. >, ~.

Retail prices Of important sccrn-
modities decreased Is per cent IN
November, the Labor Department
announced here yesterday.
For the year ending in Novern-
Der, the average monthly prices OF
the same articles showed an In
crease of l per cent.
Price cuts during November
brought IL per cent reductions ~
pork chops and rice, 3 per cent, A.
corn meal and onions, 8 per cent "a
navy beans. per cent sugar )
per cent nour and canned tomateet.
5 per cent on round steaks. ham.
coffee and oranges; 3 per cent on
bacon, potatoes, cabbage and
prunes; 2 per cent on sirloin steal.
rib and chuck roast, lamb, henf.
cheese and bread. and l per cent fof'
plate beef, canned salmon, evspo-
rated milk, oleomargarine. nut mar
garine, lard. baked beans. csnne1
corn, canned peas and bsnanzs,
Five articles increased in price
during November. These Wers /:
Eggs, per cent; rzisins and stor
age eggs. per cent: peas. per
cent, and butter. 1 per cent.
Prices remained unchanged for
fresh milk and macaroni. 80
Decreases by cities were as fof-
lows: Memphis s per cent: Birrninr-
ham and Seattle,t per cent. At
Houston. Minneapolis. Kansas Satt
Little Rock. Louisville. Msncheste-.
Mobile, New Haven. Richmond. s =.
Louis and Savannah. 3 per cert:
Baltimore, Buffalo. Chicago, Ctr
cinnsti. Denver. Detroit. Fall Rfve@.
Jacksonville. Los Angeles. Nilwtu-
kee, New Orleans. Norfolk, Omaha.
Philadelphia. Portland (Me.D, Port
land Core.), Providence, ST. Pa1l-ana
Salt Lake City. 2 per cent; Boston.
Bridgeport Columbus, Newark. New
York. Peoria, Pittsburgh, Roches-
ter. San Francisco, Scranton and
Washington. 1 per cent; SprfnEfeli I
Ill), less than one-half Of Or
cent. -
Christmas food prices viii ke
about the same as last year. IL was
further indicated in the stztemen
which showed that retail prices n
November averaged / per cent high
er than in November. 1913. A slight
decrease in the average 10 expecte 4
this month.
The Department. statement
showed that these articles decreased
in price during the year: Ontonf.
Ss per cent; cabbage, .. per cent:
lard. 81 per cent; rice and nav
beans. ls per cent: coffee. 1e PEI
cent: potatoes and canned tomstoes i.
Is per cent: cornmeal. IL per cent:
evaporated milk and prunes. 10 Pc
cent: butter. 8 per cent: peas, pr
cent, oleomargarine, per cert;
baked beans and canned corn. 3 Pc
cent. and nut margarine, fioer znI
canned peas, I per cent
Increases were shown for thes =
articles: Raisins, 90 per cent; o.
anges, "a per cent: bananas. I7-pr-
cent; bread, IL per cent: hams, IL
per cent; macaroni. i2 per cen :
sirloin steak and lamb. IL per cent /:
round steak, 10 per cent: hens sni
canned salmon. 3 per cent: rib roaS' !.
per cent; storage eggs. Z per cent /:
strictly fresh eggs, 6 per- cent:
chuck roast, pork chops and fresh
milk, per cent each; bscon.rl. per
cent; sugar and tea, per cent
plate beef, per cent.
The Washington herald., 1920-12-19
Shippers Suffer Losses
Account of Freight Tfe-uS

VERA CRUZ. Dec Is-Railwsy
freight congestion and lack Of sae-
ouate storage space are Responsible
for the loss of thousands of aof1Aru
daily to shippers. "a -
All warehouses and docks -sTe
jammed with freight as a result St
insufficient freight cars to move a
and all available space. incluoin :
streets along the water front -
piled high with cargoes exposed 10
the weather. 81. -
Railway officials declare there are
not enough cars TO relieve the SIT
uation and the customs administns
tor has appealed 70 the Federsi
government for aid. ,..s- =
Eight large steamers have been
here a week without an opportunitE
for unloading and others, both
coastwise and foreign. keep arrtN-
ing. rc-
The Washington herald., 1920-12-19
FOREIGN TRADE
AGENCY APPOINTS
EXECUTIVE BODY
Chairman McHugh Has
Powerful Committee
To Assist.
EIGHT NAMES ADDED
Organization, Already Func'
tioning, to Work Out Matter
Relative to Corporation.

NEW YORK, Dec. 1s.-John Nc
Hugh, chairman of the committee
on organization of the Foreign
Trade Financing Corporation, an
nounces the following members of
the executive committee of the or
ganization committee:
Fred /. Kent, vice president,
Bankers Trust Company, New York
City: Julius II. Barnes, Barnes-Ames
Company, Duluth, Mimi; Paul NJ.
Warburg. New York City; Thomas
E. Wilson, president Wilson & Co..
Chicago, ILL.,; Lewis z. Pierson.
chairman OF the board, Irving Ma
tional Bank, New York City; Her
bert Myrick. treasurer. Orange-Judd
Company, Springfield, Mass; Charles
A. Hinsch, president, Fifth-Third
National Bank. Cincinnati. o., and
George Ed. Smith, president, Royal
Typewriter Co, New York City.
Mr.. McHugh, as chairman of the
organization committee, was en-
powered at the first meeting of that
committee, held at Chicago Decem-
ber IL, to name an executive COM
mittee of nine members. including
himself as chairman. This execu-
tive committee, which has actively
taken up it duties. is charged, under
the organization committee, with
the working out of various impor-
tant matters relative to the pro-
posed corporation. AS these matters
are settled due announcements will
be made.
The organization committee of
thirty members was constituted by
the conference held at Chicago last
week by 500 bankers, business men
and producers from all parts of the
couhtry. The conference unani-
mously went on record as approv-
ing and recommending the imme di-
ate formation of the corporation.
The Washington herald., 1920-12-19
Bank Clearings.

A still more marked decrease in
bank clearings last week, the ag-
gregate at twenty leading centers in
the United States. as reported to
Dun's Review. being s7,S96.156,431.
These figures represent a falling off
of 13.1 per cent from the s9,0S6.511.-
ia of the corresponding period of
last year, although disclosing an ex-
pansion of 22.s per cent over the
total OF theksape week Of 1918. In
most instances, REDUCTIONS are shown
in comparison with last years clear
ings, and the decline at points out
side New York City a total of ss,-
607.003.102 contrasting with S3,40e,-
2s3,6S2-is Ills per cent. The cities
reporting losses include Boston, Buff
falo, Philadelphia, Pittsburgh, At
lanta. Chicago. Cincinnati, CIeye-
land. Detroit, st. Louis, Kansas CITY.
Omaha, San Francisco. and Seattle
At New York City. the weeks clear
ings of s4.Ss9.153,32s are 13.s per
cent smaller than the s5,677,24S,652
of the same week of 1918.
Average daily bank clearings for
the year to date are compared below
for three years:
The Washington herald., 1920-12-19

available. This audit os now going
on and the general comptroller Of
the board has stated that II will be
completed about the first of the
year.
Meanwhile the board is conduct
ing negotiations with the COM
panies now operating the big COM
bination cargo and passenger ves-
sells. There are twenty-three of
these vessels of 1880 deadweight
tons each now allocated and the
board would prefer to have them
operated on the bareboat charter
plan. Whether this agreement can
be secured at this time is ques-
tionable. owing to the shipping
situation, but with improved con-
ditions it is believed such an ar
rangement could be worked out.
The Washington herald., 1920-12-19

Some one screened behind the
anonymity of the signature ~
writes to a newspaper suggesting
IL the ladies heightened their skirts
IL would go far toward improving
conditions in the textile industry.
'Righto," as the British say.
There is a big cotton crop-l3,-
900, 900 bales-this year and the cot
ton mills are running on reduced
time. -
There is a plentitude of wool and
many weavers are idle.
Some one has declared IL you
added an inch to the Chinaman's
shirt II would require all the cot
ton raised in Ellis County, Texas.
the banner cotton county of
America.
What If you added six inches or
more to the skirts of the women Of
America?
Longer skirts would promote in
dustry-and decency.
In New York a miracle has hap
pened. Servants. real servants. are
looking for work. cooks are willing
to accept situations without sun
jecting the lady of the house to the
third degree, and that domestic de-
light. the general houseworker,"
has come back to earth.
What's more-and this may ap-
pear beyond belief-each and all or
them are not dictatorial in the mat
ter of wages. In fact, they accept
from IS to $40 a month less than
they demanded a few months ago.
Miss Henrietta Rothstein. head Of
the Women's Employment Division
of the State Industrial Commission,
says applicants for domestic service
have increased six-fold in the last
two months She says most of the
applicants had been working in fac
tories or shops, drawn there by
high pay, and now. owing to slack
times. they are without work.
They are far better than the
average houseworker of the last
few years, she adds, and make no
inquiry about or raise no objection
to children in the household.
Neither do they lay down rules and
regulations that the employer must
obey. They want work.
1t is only fair that Labor should
bear its share of the burden OF
liquidation now under way, In New
England the textile workers protest
against any reduction OF pay. Since
1916 wages in the mills of that sec
The Washington herald., 1920-12-19
FACTORS COMBINE
FOR WEAK COTTON
Foreign Depression and Bear
ish Statistics Felt in
New York..

NEW YORK. Dec. 1S.-Fresh de-
preston in foreign exchange. con-
tinued apprehension over industrial
conditions, bearish weekly statis-
tics and advices from the South in
dicating that there had been no
provement in the demand for the
spot article. weakened the cotton
market today. Renewed Southern
hedge selling made it's appearance
and there was also continued local
liquidation and scattered selling
from the West. Slightly better re-
ports from the goods trade and as
sertions that new financing corpo-
rations would facilitate exports
failed to create any new demand of
consequence.
Initial quotations were to is
points lower and all upturns met
plenty of cotton. A cable from Man
chester said that business there was
practically at a standstill. that
prices were weakening and that
short time was on the increase. Re-
ports from New England and South
ern mill districts also were gloomy.
Curtailment at Fall River for sthe
week exceeded 250.OoO pieces, with
only two small mills running full
time, and is expected to be extended
next week. Toward the close the
market dropped to the lowest levels
of the session. and finished at a net
loss Of 10 to rs points.
Spot here was quiet, with mid
ding 35 points lower at 1855; there
were no sales.
Spot at New Orleans was quiet,
with the revised quotation of mid
ding fixed at 1475; the sales were
405 bales.
The receipts of cotton in bales at
some of the important ports today
were: Galveston. S,267; New Or
leans, 1918; Mobile, $50; Savannah,
LISA; Charleston. 715; Norfolk,
1903; Boston. 725; Augusta, 1000;
st. Louis, 1886.
The Washington herald., 1920-12-19
More FriendLiness y.
Displayed in Corr,

In their daily letter. issued at the
close of yesterdays market, Thorn
son & McKinnon. in. discussing corn.
said; The appearance of foreign
demand in the corn market the last
day or two, together with the large
amount OF business that has been
done in wheat. Is changing the ideas
of those who. have looked entirely
at the size of our crop. There is
more friendliness displayed. 1t is
quite possible this change OF mind
will spread to the consumer and the
eastern distributor"
The Washington herald., 1920-12-19
COttOn's Immediate
Future Up to South

The dullness of the present cotton
market is reflected in Thomson &
McKinnon's daily letter, issued at
abe close of yesterdays market,
which. in part, said: THE cotton
market was a dull and uninterest-
ing affair. There rs nothing in the
condition of trade or in the matter
of supplies that is at all interesting
from a speculative standpoint. The
burden OF the South is becoming
little heavier each week and the
maintenance of value Is dependent
solely on their ability to hold"
The Washington herald., 1920-12-19
MEN AND BUSINESS
By RICHARD SPILLANE.

tion have nearly trebled. Living
costs are coming down, have come
down and are likely to come down
considerably more. Surely the mill
workers cannot expect they are to
be favored above all other people.
There is lot OF idleness in the
textile centers' now. Some plants
are closed. Others are operating
part time. Altogether nearly 1O0,-
900 are out Of work. This number
will be increased IL, to present trou-
bles, there is to be a clash over the
wage question. Common sense and
moderation can avert a strike This
is no time for battling. On the sur
face the mill owners do not seem
to be asking too much in calling on
the operatives to accept a cut Of
221: per cent.
You get Illuminating side lights
on mems characters from seemingly
trivial incidents.
A newspaper man sat beside Gen.
| Atterbury on n main line electric
train. AS the conductor approached.
punching tickets in his progress. the
| newspaper man drew out his COM
mutation card and the General
brought out his pass.
wouldn't think you'd have to
show your pass" remarked the
newspaper man. Il supposed every
body working on the Pennsylvania
knew you"
Il guess nearly everyone does.-
said the General. but passes are
issued to be shown. II IL happened
that a conductor didn't know me
he might be a bit embarrassed by
calling on me for a ticket, so / al
ways show my pass. That's only
fair to him and it's no trouble TO
me-"
| Possibly IL is because the General
always thinks of the other fellow
that the other fellow thinks so well
\ of him.
Doubt is the devil OF business. The
thing that plaques industry today is
doubt. II men had certainty of the
| permanence of values there would
be a resumption of production on a
scale equal to the worlds needs.
Today the worid'e production is not
equal to the worlds consumption.
! In other words. there is too much
mixed feeling and too little clear
! thinking. too much confusion and
too little resolution, too much
emotion and too little motion.
The Washington herald., 1920-12-19
Cunln1ins-Esch Measure
May Haze to Be Amended

MIAMI. Fla, Dec, 1S.-The United
States Labor Boards ruling that
the Cummins-E -Esch transportation
act does not include interurban or
electric lines limits the scope Of the
act considerably more than in
tended by it's trainers, Senator Cum
Minis, Iowa. declared here today.
Cummins said that the plan of
the committee which formulated
the act was to include all lines en-
gagged in freight transportation.
II the boards decision conforms
with reports, Cummins stated, the
law will have to be amended and
its scope more definitely and clearly
defined
The Washington herald., 1920-12-19
Weeks Total Debits
ShOU Huge Increase

Aggregate debits Of ss,S4s.-
O00,0O0 In individual accounts
are reported BY 15e Of the csns-
try's leading clearing house! as-
sociations to the Federal Reserve
Board for the week ending De-
cenber Is. This debit II sss3Ie0e,-
600 mere than. fer the precediag
week - -ir -
The Increase In debits for New
York City aicae. where the vol
unse OF stock exchange trans-
actions was much larger than the
week hefore. amounted to more
than s0e0, 900 80.
The Washington herald., 1920-12-19

The accompanying cut,
shows the form OF the
Trade Acceptance recom-
mended by the American
Acceptance Council. the
pFtncipal object Of which In
to liqaidfy credit, improve
the turnover and to mia-
inise credit losses.
The Washington herald., 1920-12-19
Cloth Sold at Loss.

BOSTON. Dec. 1s.-The American
Woolen Company sold 100000 yards
of overcoat cloth at a three-day
auction in New York this week at
prices about 60. per cent under those
of a year ags. it was announced
here today.
The Washington herald., 1920-12-19

1t is only fair that Labor should
bear its share of the burden OF
liquidation now under way, In New
England the textile workers protest
against any reduction of pay. Since
1916 wages in the mills of that sec
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-02-02
'isures Presented
In Conference To
Settle Wage Dispute

Washington, Feb. 2.-Tables show
8 the gross earnings OF all classes
bttumilous mine workers In the
(ntral competitive field during the
n months period Immediately pre-
ding theS wafkout on November 1.
implied from payroll records"
ere present in evidence before the
kal strike settlement commission to-
" by the operators.
They were challenged by John L;
et7is, acting president Of the United
Ane Workers of America.
fSNumefous figures showing the
kverage earnings for groups Of men
the Pittsburgh thick and thin vein
Dds in the ten months period, as
preventative of the entire central
I'D, were read into the records by
Ee3sAAlph Crews, attorney for the opera
e66Qfs.
SHarakenssaa at t random. the figures show
a. that In October. the month pre-
9lNdhng the strike, the average earn
11gs of "a pick miners working ,27
!SgAys other $213.27. In the thin vein
e.seld % men working ~ days in the
1Aame month received for that time
hNerage earnings Of $209. 81.
Ri Machine miners in the same field
received slightly higher proportionate
Sarnings.5
i'll Instances were noted where ma
runners in selected places earn
$l2 to SIS a day, IN selected
Months. ~.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-02-02

Allan A. Tampleton. Phillips, Floyd,
Roger Andrews and others visited
New York to confer with Cody and
Newberry. ..
Mr.. Daley asserted that on the
day when the report OF receipt and
expenditures was to be filed the
books failed to balance by about
100000 and that "Blair began to
scramble to procure the money and
succeeded in getting it within a few
days"
He. said the evidence would show
that neither the report of the COM
mittee nor their books gave a true
account. OF: the receipts and expendi-
lures. that county chairmen and sec
~retaries who received from $3.50 to
$1,000, were asked to make reports
showing that they received from $3.50
to $200," and that no mention was
made of the amounts expended in
behalf Of James w. Helme."
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-02-02
EAST SIDE BRIEFS

EM-..rla atrI ts'Se -. sIH4 SrLs!ss ssssa@H r. - -. 80
Mrs. Mary Enfight. Of the Bydai'
Mercantile company has gone to.
Minneapolis on her annual buying
trip. and willsremain there during the
coming week. %
Howard Kelly and Roy chalmers:
were visitors IN crookston oyer Sum
day. :.
Floyd E.. Tucker was in Crookston
over the week, end and visitedSfriends:
there. &. ES -
Miss BennAss sChristianson.! who,
teaches in a rural school near East:
Grand Forks, spent Sunday with her
parents in ;Crookston. &;
&c. Sherlock went.to. Marvel this.
morning to- attend the funeraItof Mrs,
James Murphy, whp%died. at her farm;
home near Marvel on-Frriday,