davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1920-12-16
GRACE LEANS TO
OPEN SHOP PLANS,
HE TELLSCOURT
Bethlehem Steel Head
4 Testifies i'm Building
Graft Probe.
CATERS TO SYSTEM
Admits Company Has Refused
Orders for Erection Work
In New York City.

NEW YORK. Dec. 15.-Eugene r.
Grace, president OF the Bethlehem
Steel Company, testifying today be-
fore the legislative committee in
vestigating building graft. declared
he believed "any association which
has for its object maintenance Of
the open shop principle is a good
thing"
The witness statement followed
q long verbal duel with Samuel
Ontermyer. chief counsel for the
Z committee. who accused Grace OF
answering evasively through fear of
damaging admissions regarding a
conspiracy"
Grace, under questioning. ad-
mitted the Bethlehem company had
refused to sell fabricated steel for
erection in New York City under
any but the open shop system He
also said that this principle was
being extended to Philadelphia but
pleaded ignorance to Untermyer's
contention that il was being con-
templated for enforcement through
out the United States.
Cntermyer brought out that the
National Steel Fabricators' Associa-
tion. of which the Bethlehem Bridge
Company. a subsidiary of the Beth
lehem Steel Corporation, is a mem
ber. has a bylaw declaring its OBJ
ject to be to so adjust business as
to bring about" the open shop prin-
ciple.
Grace declared he knew nothing
of the associations work. that the
open shop principle of his own
company was -inaugurated without
reference to this bylaw, and that
he could not even remember the
name of the president of the bridge
company.
The attorney persisted in trying
to make Grace say that the en-
barge on fabricated steel to erec-
tUrs in New York City employing
only union labor was the result OF
|. an understanding among the steel
I manufacturers
Are you fencing because of the
question sf eonspiracS??i' Inter
myer asked.
No. I'm just trying to tell the
truth" Grace replied.
In response to hypothetical
question. Grace finally declared his
advocacy of any association to en-
force the open shop.
Just before Grace took the stand
Charles f. Cheney, of Westfield, n
J.. secretary of the National Erec-
tors Association. was called Rec
ords he produced showed that or
sanization. which has fifty-four
members and branches in Kansas
city, Buffalo, Cleveland. Milwaukee
Pittsburgh and Philadelphia. has a
clause in its constitution stating the
object of the association TO be
maintenance of the open shop prin-
ciple in steel erection" The con-
stitutiOn further declared that all
parts of the agreement except that
one clause could be amended.
The Washington herald., 1920-12-16
MARKET BRISK
FEATURED WITH
SALES VOLUME
Day Without Incident,
Though Transactions
Are Heavy.
ASPHALT is ACTIVE
Wilys-0verland Defers Divi-
dend-Wheat Breaks Un-
der Increase.

NEW YORK. Dec. lS.-Although
the market was fairly active when
gauged by the actual volume OF
transactions. the days Developments
were without special incident. Gen
eral Asphalt, which only Monday
made its appearance among the
listed stocks, was given a chance
to show its PAGES and registered a
net gain of over points. Another
trading feature was furnished by
Lehigh Valley. which was well
bought in anticipation of the ac-
crual OF rights attaching to the coal
properties to be distributed as a
result of the recent court decision.
The revision Of me wage scales
by the leading porphyry copper
companies and some wage cuts an
nounced in the steel industry, bore
testimony to the progress Of diyi-
dends by four companies. including
the disbursement of Willys-Overland
preferred. was accepted as a matter
Of course. Gossip has IL that the
Willys Overland directors were
divided in their views. as the divi-
uGhu " a. EAdAto " AdNN bNNA SaA hNAa
The Iron Age expressed the pre-
vsiling view in regard to the gem
eral industrial situation when IL
stated that the problems OF cos-
reduction are uppermost' among
steel manufacturer.
Diverse influences ruled the com
modify markets today. The increase
of $4,000. 600 bushels in the winter
wheat estimate was responsible for
the break in that commodity. while
cotton advanced in the face Of a
bearish report on domestic mill con-
sumption for November before OPP
timism created by the prospects for
reviving the war corporation
In the exchange markets sterling
featured in the strength with a two
cent advance. French francs and
Dutch guilders were also in good
demand. Call money renewed at :
and closed at s with funds in fair
supply.
The Washington herald., 1920-12-16
Packers Argument
viii Be POSTPONED

Postponement of further hearings
in the packers case now pending
before the d. c. Supreme Court, was
asked by counsel for the meat pack
ing companies involved in the case,
in a communication received by the
Department of Justice. ii became
known yesterday. 1t is expected. de-
partment officials said, that this re-
quest will be acceptable to the gov
ernment.
Arguments were scheduled to be
made in court today on the plans
proposed by the packers and by the
Department OF Justice for the cXecu-
tion of the packers decree, divorcing
the properties from the control of
the companies. As a result of the
request for postponement, argu-
ments will not be resumed, at least
for two weeks and probably for a
longer period.
The Washington herald., 1920-12-16
Hen to be HOnored Guest
At Poultry SholD Here

Lady Victory, the White Leshorn
hen that in five years laid 76o eggs.
will be one of the honored geusts at
the Washington Poultry. Pigeon and
Pet Stock Show. at the National
Capital. December IL to Is. This
bird. owned by the United States
Department of Agriculture. has a
puIlet record of 214 eggs, a three
year average of 17s eggs and a five
year average OF $50 eggs. She is
now years old and in good breed
ing condition.
Besides Lady Victory. the govern
ment poultry farm will exhibit sew
eral other White Leghorns which
have pullet records of 200 eggs or
more In all, twelve or fifteen hens
and cocks of various breeds will be
entered by the Department of ARri-
culture.
Arrangements have been made also
to have on display at the exhibition
besides the birds, the complete gov
ernment poultry exhibit. consisting
of model houses. brood coops and
appliances, poultry feeds, panels
of pictures illustrating different
branches of poultry work. and yart-
Gus views of the government farm.
One or more attendants will be
present at all times to furnish such
information as may be desired.
The Washington Poultry ana
8 Pigeon Show is national in charae-
ter, drawing its entries of birds, in
cubators and poultry appliances
from various States of the Union.
IT is expected that this years show
will be one Of the largest and best
yet held.
The Washington herald., 1920-12-16
new CROP FIGURE
STARTLES BULLS
Federal Estimates Force I'm.
looked For Decline in
All Grains.

CHICAGO, Dec. 1.-THE final re-
vision of crop figures for the year
proved to be a big Jolt to the con-
fidence of the bulls and will make
necessary many readjustments OF
calculations in relation to the re-
manning supplies.
Prices for wheat and other grains
declined rapidly here today, in
f1uenced by the government esti-
mates, which were much larger than
expected.
the decline. more than ofTsetting the
buying against export sales, and
there was also considerable selling
of a hedging character against
country purchases.
Resting prices were to ca. lower
for wheat.
Corn dropped 2s TO 3l.c. oSts de-
clined . to CSC, rye was ga to SC
of. and barley was unchanged to
llzc lower.
Trade in wheat for May delivery
was inaugurated on the local ex-
change and other domestic markets
The opening trade was at $50
from which point il dropped to Sl.5l
rallying a little before the close.
Corn was on the down grade prac-
tically all day, rallies being feeble
and short-lived. The final figure
showed only a small recovery from
the low point of the day. Naturally
the increase in the government esti-
mate Of the crop, coupled with the
losses in other grains, was the
chief cause of the weakness.
The buying demand for oats was
limited. the market being affected
the same as other markets by the
government evidence that the cror
was larger than estimated early.
Provisions were lower. Pork fin
ished 2Oc of. lard 80 to 5Sc and ribs
20 to PC down.
The Washington herald., 1920-12-16
MEN AND BUSINESS
By RICHARD SPILLANE.

than the Southwark, the organ OF
the Southwark National Bank. OF
Philadelphia There are no labored
disQuisitions on this involved sub
tect or the other, no headache-pro-
voking argument on the gold sup
ply or the gyrations of. silver, nc
pyramids OF statistics that make for
eye strain. There Is nothing but
plain, ordinary statement such a,
plain, ordinary people can under.
stand, with here and there a bit OF
news or a bit Of neighborhood gos'
sip.
In an article on Making Business
Better" for example. there is such
sane il commonplace suggestion as
Push. II expenses can be cut dc
II. II advertising will do some good
do IL. Rearrange your stock anc
redecorate your window. This is nc
time to throw up the sponge. What
is needed is a look into the future
strong courage and determination
Then in the department headed
whats Doing in South Philadel.
phia" we learn that
William Miller has opened a first.
class barber shop at 2ii2 South Sew.
enth street" That
hhth .
1918 Market street, with variou,
branches, has rented the property Al
Fifth and South streets" That
Nat J. Lieberman has opened ar
up-to-date store at 2o7 South street
with a full line OF hardware anC
house furnishings"
And so on.
The leading article has to do will
ice cream, how IL is made and tn
progress Of a company that ha
prospered famously by making ex
celleat ice cream. There are HINT
on Business" "A Tip on Enthusi
asm," and there's a poem entitle,
Boost" There is nothing preten
tious about the Southwark. Typo
graphically IL is not alluring. !
high brow" would find nothing IL
ii to soothe. his soul or titillate hi
literary palate.
1t is a plain little journal for plail
people. That's why II has virtue AM
power, for its language is their Ian
guage and its philosophy their phi
losophy. II treats Of plain peopl
and plain things. And, after al
they make UP most Of everything
we term life.
The Washington herald., 1920-12-16

Bank publications of various kinds
and characters drift in with TN.
postman. Some from the Far East
We scan with Titbottom's spectacles
and see beyond the printed page san
dalwood and myrrh, teas and spices.
yellow men and brown men, dhows
and junks, all that suggests InO
Orient.
Back of the staId columns in which
Barclays Bank and the London City
and Midland tell of England's finance
and English industry is the picture
of Lombard street and Lancashire,
the coal pits near Cardiff. the blast
furnaces Of the north country and
the
Dirty British coaster. with salt
caked smokestack
"Butting through the Channel in the
mad March days"
AS befitting a center of culture,
the contributions from Boston, even
IL they treat mostly of coppers and
cottons. with an occasional diver
sion into such subjects as Ponzi and
fish packing. are stately in charac-
ter and intellectual in tone.
In the literature of the National
City Bank, the Guaranty Trust, the
Mechanics and Metals and others
from within the shadow OF Trinity's s
spire you get the spirit of New
York. while from Chicago in the re-
views of the Continental and Com
mercial banks and others there is
an atmosphere that typifies ene
great backyard of America we term
the West.
Canada and the Philippines. Brazil
and the Balkans. the Argentine and
Australia, Egypt and Ecuador
every land and every cline is mir
rored a bit in the pages of various
bank journals. To this considerable
bulk there is added the output of the
local banks. the Girsrd Trust. tks
Corn Exchange. the Federal Reserve
and others. Each has its own fndi-
vidual character. each carries ar
element Of interest. IL not charm, and
each is promotive OF thought anc
sound business.
Perhaps it is evidence of a homelS
taste and a bourgeois bent IL con.
fession is made that OF all the banl
booklets. magazines. weeklies oil
monthlies that come to this desk
none is scanned with more interest
The Washington herald., 1920-12-16
DAY CLOSESLOW
In COTTON SALES
Gains Made After Poor Start
AS Discouraging News
Reaches Street.

NEW YORK, Dec. l5.-Buyers Of
cotton were disappointed today
when, after values had scored good
net gains following a lower start.
the market receded in the afternoon.
The discouraging influences in
cluded a renewal of selling by the
South, small exports and poor de-
mand for the actual.
Although the market opened 10 to
25 points lower in sympathy with
easy cables and bearish consumption
figures from the Census Bureau. IL
recovered rapidly and at the end of
the first fifteen minutes was about
10 points higher than last nights $
close. Trade, Wall Street and spot
house buying took up the contracts
and gave the list its firm tone in the
face Of the statement Of the Census
Bureau, which appeared to have
been pretty well discounted. The
South and Liverpool were the best
sellers at the start.
There appeared to be compare
lively few contracts for sale after
the early decline. with Southern Of
fcrings particularly limited. jan
uary contracts sold up to 1862, or %
points net higher and at practically
the price prevailing before the pub
liCation of the government crop re-
Fort on Monday.
In the afternoon offerings in
creased and prices ssgged consider
ably from the top. Trade was
small. Last quotations were
points lower to, IS points higher.
Spot here was quiet with middlinG 6
unchanged at I5.S0c. There were nc
sales. SPOT at New Orleans wa:
steady with middling unchanged al
l4.75c. The sales were 2.54s bales.
Receipts of cotton in bales, al
some of the leading points today
were: st. Louis. asst: Houston
1O.2S0: Galveston, 1875; New Or.
leans. l2,143; Mobile, 1906; Savan'
nah 1906.
The Washington herald., 1920-12-16
PhiLa. Firm to Ship
Timber From Mexico

MONTERREY. Mexico. Dec. 15-Ex-
ploitation of the mahogany and
other. timber OF Mexico by large
American financial interests will be
started soon. One of the largest
of these projects. which has for
its purpose the cutting and ship
ping TO the United States of ma
hogany logs, Is that OF the Chiapas
Timber and Chicle Company, of
Philadelphia. Pa 1t Is a holding
company for the properties of the
Tropical Trading Company and the
Compania Exploradora del Sureste.
both Of which have been chartered
under Mexican laws.
Juan o. Ramos. of Philadelphia,
owner of large tracts of mahog-
any and other timber lands in Mex
leo. accompanied by Lawrence "
Sharples. son Of F. NJ Sharpies,
banker and business man, of West
<Chester. Pa, and Charles J. Kam-
mer, member of the firm OF Lewis
Thompson Company. Of Philadel-
phia. lumber msnufacturers and
dealers IN mahogany. are now in
Mexico to complete details for the
pro}ecL -
The Washington herald., 1920-12-16
HUGE CHANGES IN PRICES
OF WHOLESALE COMMODITIES
Sharp Decline in Last Six Months;
Now at Last Years Average Level

In the present commodity highly
the seller goods should have clear under
merchant
changes the prices OF the commodities which he is dealing
clearly visualize the changes
tendencies in other Of Figures published
United States Department
Labor show each index numbers for important
commodities In the formation of these index numbers each
modify weighed influence the index
the sold in the market These
the
prices for the commodities in 1913.
following the monthly
price eight these Of commodities have been
October, The
In
also plotted average increase commodities with
each group be compared,
CHANGES IN WHOLESALE PRICES OF THE PRINCIPAL
COMMODITY GROUPS SINCE JANUARY, 1919
S. Department of Labor Indces)
The Washington herald., 1920-12-16
Bankers Are PetitiOned
BY Cotton GroIDers

ROCK HILL. s. c. Dec. IS
Farmers of York County today were
circulating petitions asking bankers
not to lend money to cotton growers
who refused to reduce acreage OF
their crop SO per cent next season.
The application exempted those who
plov.
1t is che first time Southern farm
ers have petitioned bankers against
lending money to themselves The
petition was framed at a meeting
yesterday at which IS per cent
signed. An effort will be made to
extend the movement throughout
the South, il was said.
The Washington herald., 1920-12-16
/. C. c. Approves
Railroad LOdRc

The Interstate Commerce Com
mission-yesterday announced its ap-
proval of the following government
loans:
To the Chicago. Milwaukee and
st. Paul Railway Company. s25.-
$4,000 to care for maturing in
debtedness:" TO the Chesapeake and
Ohio Railwoy Company, S3.75s.ooO'
to care for the purchase of twenty
FIVE freight and switching locomo-
tives and 1000 steel coal cars at a
total cost of sS.2Oo,oo0, the rail-
road to furnish the balance itself
The Washington herald., 1920-12-16

port that the Great Western Sugar
Company had discontinued building
operations on new factories in Ne
braska and Colorado due to difficui-
ties with sugar beat growers. Also
there came a rumor that revolution
has occurred in Czecho- Slovakia and
the government has fallen. OF the
favorable items. the Brier Hill Steel
Co. has declared the regular divi-
dend of so cents on the common and
"a per- cent" on the preferred
shares. 1t was announced oficially
by Sears, Roebuck directors that the
company would pay the regular di-
vidends on that issue.
Call money opened and renewed
at per cent. and at'2 o'clock the
rate was dropped to per cent. The
reduction had no effect on the mar
ket. Time loans were nominal, no
business being reported
The Washington herald., 1920-12-16
COTTONSEED OIL.

9, NEW YORK. Dec. l5.-There was
a decline in Cottonseed oil today.
chiefly in sympathy with lard, cot
ton and grain. Total sales to 2:l5
D. m. were 1900 barrels. Spot, SS.SO
a9.50: crude (southeast), s6.O0a6.25;
futures January. sS.d5a9.Oo; Feb
ruary, sSsoa9.O5: March, ss-23as.s4;
April, ss22as.3O; May, ss.52as.55t
June, ss.5oas.65; July, ss.7oas.S0;
December. sS.50aS.9J.
The Washington herald., 1920-12-16
Call Money Freely
Offered at Z Per Cent

NEW YORK. Dec. 15.-Call money
was freely offered today at per
cent, the renewal figure. The situ-
alton in time funds, was not
changed and nominal quotations
were IN and TX per cent. Prime
bank acceptances unchanged.
In mercantile paper s per cent
was still quoted at the minimum
discount figure. As heretofore,
there were some exceptional trans
actions at TX per cent.
The Washington herald., 1920-12-16
WALL STREET GOSSIP.

NEW YORK, Dec. 15.-Reports of
wage reductions in the steel indus
try are attracting some attention
here. One steel man said today
that the basic wage for steel work
ers had not been changed in FIVE
years. Wages are paid on a slid
ing scale in proportion with the
advances or reductions in the price
for steel products. What has really
occurred. according to this author
ity, is that wages have remained
at the highest point of the scale
pending readjustment of living
costs. Now, with a reduction in
these costs, steel makers are al
lowing the sliding scale to become
operative and reductions announced
are in accordance with these fig-
ures.
Large banking interests here
agree that, regrettable though it
may be, a secondary period OF in
fiation Is about to begin. Very def
mite indications of this are given
by agitation in Congress, first for
reviving the War Finance Corpora
tioR. and second through the rec
cmmendation by Gov. Platt, of the
Federal Reserve Board. of a res
olution proposing relief to the ag-
ricultural interests to. be applied
from earnings of the Federal Re-
serve system. Organization of the
slo0.00o.oo0 Foreign Finance Cor
poration is another straw. 1t is
largely from the working of this
and other economic forces that they
base their opinions.
Inventories Loom Big.
The subject of inventories is GO
ing to loom large in the annual
statements of many corporations
this year. The leather, wool, sugar
and rubber manufacturing indus
tries will show enormous sums
charged on for depreciation IL the
managements are honest with their
stockholders The market has over
discounted in practically every in
stance which must be made for
these losses, according to banking
interests identified with these lines
OF activity.
There Is excellent reason to believe
that when the directors of the In.
ternational Mercantile Marine mee,
tomorrow they will declare the
usual per cent on the preferred
stock but will not declare any extrs
on account of accumulated diyi.
dends. In 1920 extra. payments have
totaled 10 per cent
steel wages Cut.
Late in the afternoon it was an.
nounced that the Lukens Steel Com,
pany had cut wages IS per cent
that the Midvaie Steel and Ord
nance Company is discussing q
wage reduction of Is per cent; thai
other steel companies were contem-
plating similar action. the U. S
Steel Corporation alone retaining
its present wage scale. These sew
eral statements served to unsettIt
the market and this unsettiemeni
was further accentuated spy . re-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-12-22
JOE LYNCH.
SCHOOL F|VES IN GAMES
Business, Which Drops Clash to
Gonzaga, Eastern and Western
Play This Week,

Scholastic quints are crowdinE the
calendar with holiday engage
ments Business High, which dropped
game to Gonzaga yesterday, is en-
tertaining st. Johns in the Ninth
Street gymnasium this afternoon, and
tomorrow Eastern will be opposed by
while Western is scheduled to face
the Epiphany Tigers. Friday after
noon Gonzaga will battle that schools
graduate combination.
EastsrH's game tomorrow should be
q real contest. The Capitol Hill school
always has had capable court per-
Formers, and enough material for two
sturdy lives will be at hand for the
meeting with the undergraduates. The
game Will be the feature Of the an
nual alumni reunion.
Coach Green's Westerners anticipate
q struggle with the Epiphany Tigers
IN the latter's gymnasium. The church
boys have been setting a speedy pace
this season and will take deal of
beating. Western in it's opening game
played surprisingly well against
Alexandria High. but the Red and
VIII be ready for the high school title
tournament.
Against Business yesterday GOnzaga
scored all it's points in the first half
In winning, % to 16. The North Capt.
tol Streeters' passing game bewil-
dered the Stenographers early in the
Tray, but the latter recovered in the
second half st. Johns, while it prob
ably Will do better today than in
Garner games, is expected to fall be-
fore the Business t0ssaTs
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-12-22

There is not the slightest doubt. of
course. that DR.. Williams will max e
his point, but the achievement will not
be especially noteworthy, since all
who write Of foot ball from the stand
point Of real knowledge Of the game
already know that numbering players
works out precisely along lines which
Dr.. Williams proposes to demonstrate.
The point to bear in mind is whether
OF not the enjoyment Of the game by
spectator9-hence it's greater popu-
larity-is not Of greater Importance
than the wishes of a great minority
Of foot hall coaches.
Dr. Williams exhibition will be
made more impressive by the fact that
the movies were taken with an ultra
rapid camera. which slows the motion.
II real foot ball games progressed
with the elaboration Of the sort there
would be no need for numbers.
Copyright. 1920
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-12-22
has Better of Every One of Ten
Rounds-Defoe and Jacks
Fight Draw.

BOSTON, December 22.--Harry Gret
OF Pittsburgh won the decision Over
capt. Bob Roper, Chicago heavy.
Weight. in their ten-round bout las,
Greb took every round, leading al,
the way with smashing whir,wind
stiack that apparently had Roper
NEW YORK. December 2a-Ri,ly
Def0e Of st. Paul and Freddy lacks
fsrme- featherweight champion OF
england. fought fifteen rounds to :
draw last night. Jacks weighed 125
pounds and Defoe 12s1..
SALT LAKE CITY. December o.
JACK Dempsey. heavyweight cham
pton. threw out q challenge yesterday
which was not accepted. He was the
guest at the local Rotary Club,
luncheon. He declared that he was
not speaker. which femInded him
OF the story OF the man who went ID
a dance and who could not sing OF
dance but was willing to fight. '.ro
Pc scctable. viii fight any one in
the room." Dempsey said. amid
4