davidaulloa/AmericanStories huggingface dataset:
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1920-12-17

parents, MI. and Mrs. Marion VIII
son.
Misses Ethel Meade, We and Vir-
GINA Asche of Route attended church
here Sunday.
Mrs. Henry Boothe and children, also
Mrs. Charles York and children expect
to visit Huntington relatives soon.
The Washington herald., 1920-05-17

sible to state" Mr.. Austin said, "the
exact proportion of our manufac,
lures which finally enter the export
trade, it is quite apparent from q
comparison of the figures of pro.
duction and expectation that for
eign markets are now taking a
larger share of the output of our
factories than ever before. This is
evidenced, first, by the fact that
our expectation of manufactures in
creased over $50 per cent in the
period between 1914 and 1919, while
the production Of manufactures in
the same period increased but about
100 per cent in stated value.
while the census of manufac
lures produced in 1919 is not yet
completed, the best estimates of ex.
ports are that the stated value OF
the manufactures of 1919 will be
beween $4,000. 900 and $5O,O00,.
100000, as against $24,246,0 ,0OO, 900 in
1914, making the increase in valua,
ton probably a little less than 100
per cent, while the official figures
OF manufactures exported in 1918
show an increase of 25S per cent
over the exports of manufactures
in 1914, thus clearly indicating that
our manufacturers sent abroad in
1919 a larger percentage of their
output than they did in 1914 or in
any earlier census year"
The Washington herald., 1920-05-17
E Exports of Textiles to Argentina
Show Rapid Expansion During Wa,

Exports of American textiles to
Argentina increased fiftyfold be-
tween 1913 and 1918. says Trade
Commissioner l. s. Garry in TEX
tile Markets of Argentina, Uruguay
and Paraguay" a bulletin just made
public by the Bureau of Foreign and
Domestic Commerce, Department OF
Commerce. Taking advantage OF
the exceptional conditions brought
about by the war, manufacturers Of
such articles in the United States
succeeded in selling $1s,S14.000
worth of merchandise to the Argen-
tinians in the fiscal year preceding
the armistice, as compared with
sales amounting to only $4,000 be-
fore the outbreak of hostilities in
Europe. The United States now oc-
cupies the second position as a sup
plier of textiles to this important
market, furnishing is per cent Of
the total imports. The retention
and expansion of the trade thus de-
veloped will depend. Mr.. Garry says.
upon the ability OF American ex-
porters to satisfy exacting require
ments in the face Of determined
postwar competition.
The trade commissioners investi-
cations showed that the textile
trade of Argentina has always been
dominated by British interests.
nearly one-half the actual imports
Of piece goods being generally from
that source. Practically all the i'm
ports of French goods consist Of
the higher grade, finer materials in
which labor and preparation repre-
sent a large proportion. The most
remarkable increase made by any
country in the piece-goods trade
with Argentina has been that of ia
pan, which prior to the war occu-
ing less than $4,000 worth of goods
per year. against almost $4,000, 900
in 1918. This represents an increase
for Japan of 1872 per cent in vol
ume and 10,142 per cent in value,
giving that country fourth place
among the supplying nations.
The United States has sold to Ar
gentina practically all classes Of
cotton, woolen and silk materials,
and the general opinion of import
ers, Mr.. Garry reports. is that
American fabrics are, on the whole.
we'll made and well designed The
buyers find among American goods
many medium-class fabrics suited
to the demands of the Argentine
market. and during the war prices
were quite as advantageous as those
quoted by other suppliers. Such
complaints as arise are concerned
with service rather than with the
actual merchandise.
About 20 per cent OF the total
amount of textiles in the piece con-
The Washington herald., 1920-05-17
TRADE WITH MEXICO.

The trade of the United States
with Mexico has been heading for"
the ssoo.ooo.ooo line in the fiscal
year 1920, which ends with next
month Our trade with Mexico, even
during the disturbed period since
the resignation of President Diaz. in
1911 has shown remarkable gains.
IL totaled. says a statement by the
National City Bank of New York.
sllS:ooO,Ooo in 1910; dropped to slIo.-
100000 in 1915: then, despite the
continued disturbances since that
gate. advanced to S1s1, 900, 600 in
1911. 245.OOO.O00 in 1918, and 327s.-
oOO'OOO in 1919, while the March fig
ures' the latest received. indicated
a total of over $500. 900, 900 in the
nscal year ending with June. 1920
whether recent events in Mexico
VIII prevent its reaching that high
water mark OF $500, 600 900 for The
current fiscal year cannot now be
foretold. 1t is a fact, however, that
the sales by the United States to our
100000 neighbors in Mexico in the
calendar year 1919 were more than
TO the 3OO.000.00O Inhabitants of
India or the 10000. 900 of China
Our imports from Mexico in the cal
endar year 1919 were SI4Ss2e. 900.
exports to Mexico s131.452. 900.
The Washington herald., 1920-05-17
- NATIONAL MARKETS =
Foreign E xchange Values
ShoU Steady Depreciation

During the past week sterling has
seen a steady decline, from sass to
to $3.50. Dealings In this exchange
have been fairly quiet in the Local
market the trend Of rates from day
to day following London quotations
To offset firm demand for dollar
exchange abroad there has been
little active bidding here. while at
the same time selling orders have
not been abundant The export sit
uation has shown little improve
ment, with the result that the larg-
er commercial houses here have
been called upon to negotiate only
a light volume of sterling accommo-
-dations in the market
During the week francs on Paris
have been brought above 6.75 cents
Q4.S5 francs per dollar) refiecting
a current rumor that a gold ship
ment from France was likely. News
was received of the movement OF
some 100000 pounds from Paris to
London. Two days later 1t was
learned that gold exports out of
London for the week did not include
consignment to New York. Francs
then sold on 20 points. At the
same time lower quotations were
received from London in both francs
and lire. The latter exchange was
4 ri fiCfla rlU In hn NuaaEfH
dealings. dropping below ass cents
(20.60 lire) after having touched
$40 cents the previous week.
Marks were consistently firm On
Thursday a new high for the year
was touched at 2.07 for check re-
mittances. The action of marks
was not unexpected as it has been
apparent that this exchange is be-
ing accumulated by a few houses
specializing in German affairs.
The week in general has been
dull. There is a disposition on the
part of the local market to follow
London's Interpretation Of the Eu-
ropean situation. and, as stated. the
rates quoted here have been a re-
Election Of the cables received from
the British market. In this con-
nection one banker expressed the
opinion that the market is turning
its attention to political develop
ments. Thus marks are Improving
under the growing realization that
Germany must be nourished before
she can be bled. Certain of the al
lied premiers having made this an
iavowed policy. the pronouncements
of the coming Spa conference Will
carry weight. and will influence the
| F
it can be said. are more likely to
The Washington herald., 1920-05-17

benefit by such pronounccments
than are francs.
The French situation IL receiving
the most attention in that Il Is the
most critical As against the pre-
diction of one international banker
quoted In these columns last week,
somewhat contradictory opinion
mas been expressed this week by an
authority equally in touch with the
larger dealings and trend Of the
During thespast week grain bills
drawn on Paris have been spasmod-
IcaIiy offered to commercial dealers.
Ihere Is as yet no steady supply OF
these remittances, but large amounts
are appearing at intervals. These
onerings are normally due 70 in-
crease at this season of the year and
decline in francs Is ineyitab BILE N
anything like the normal volume is
Forthcoming.
Opinions are opposing each otba,
IN thls way. but all opinions arr
alike in that no violent changes IN
either direction are looked for,
Gold shipments. IL they occur will
bring radical advances But for ths
net month further Shipments are
not expected. a market opinIon
which, while possibly quite inaccu-
rate Is significant in that Il prom
ises a quiet market for the neT,
week or moHe-barring accidents
The Washington herald., 1920-05-17
Federal Reserpe Board Issues
Weekly Bank Statement

land banks are inclusive Of $1lo.-
300,o of paper discounted for SIX
other Federal Reserve Banks, while
acceptances held by the New York.
Cleveland and San Francisco Banks
comprise s11,500.000 of bills pur-
chased from three Reserve Banks,
compared with Sl5.soo.ooo the week
before.
Government deposits were s21,-
100000 larger than the week before.
member banks reserve deposits
were s55, 900 larger. while other
deposits, including foreign govern
ment credits, show a decline OF
1900, 900. The float" carried by
the Reserve Banks and treated as a
deduction from gross deposits in
creased by $10,S00,000. Net deposits.
as a consequence, are $65,lOO.00O
larger than for the preceding week.
The banks aggregate liabilities on
Federal Reserve Bank notes in cir
culation show a reduction for the
week of s1.200.o00. For the four
and a half months since the begin
ming of the year the Reserve Banks
liabilities on these notes show a
reduction of $S1 800, 900, as against
an increase of SS4,400,000 in the
banks liabilities on Federal Reserve
notes.
A further increase of $571. 900 is
shown In the paid-in capital of the
Federal Reserve Banks in conse-
quence Of large additions to capital
and surplus accounts of member
banks, largely in the Cleveland.
Kansas City and San Francisco dis
tricts.
The Washington herald., 1920-05-17

An increase of ss3. 100000 in loans
secured by government war obliga-
tions (so-called war paperl. as
against a reduction of ST 100000 In
the holdings OF other discounts. and
a corresponding increase in deposit
liabilities are Indicated in, the Fed
eral Reserve Boards weekly bank
statement issued as at close of busi-
ness on May II, 1920. Federal Re-
serve note circulation declined
100000. while the banks cash re-
serves show q gain OF $4,000, 900.
As a consequence, the banks re-
serve ratio shows a decline for the
week from AT to 42.2 per cent.
Besides an increase of s46,600. 900
in discounts held, the banks report
also q further increase of S3,500.-
900 in the holdings of acceptances
purchased In open market. Treas
ury certificates on hand show a fur
ther increase of $6.40o.0O0. appar-
entity as the result OF temporary
purchases by the New York Bank of
such certificates from non-member
banks. Total earning assets were
$56, 5000 larger than the week be-
fore.
OF the total war paper holdings
of S1.50S, 100, 900, S714,000. 900, or 47.3
per cent, were secured by Liberty
bonds, 1886, 900, 900, or 1873 per cent
by Victory notes, and s509, zoo, 900.
or 33.S per cent. by Treasury certifi-
Gates, as against AIS, eos and 80
per cent of q total of $1,444,200. 900
of war paper reported for the week
before. Total discounts held by
the Boston, New York and Cleve-
The Washington herald., 1920-05-17

sumed in Argentina are manufac-
tured in the country itself. The war
gave a great impetus to the devel-
opment of this domestic activity.
Mr.. Garry states, however. that
most persons in touch with textile
manufacturing in Argentina are not
optimistic over the immediate fu-
ture of the industry. In normal
times the local mills have not been
very successful in competing with
foreign centers, and the history OF
the industry shows too many fall
ures to Justify a large and serious
entry into this phase until tho
worlds markets become stabilized
and the outcome OF labor agitation
in Argentina is determined. In Mr..
Garry's opinion, American exporters
Of textiles need not fear any really
serious competition from the Ar
gentine mills for some time to come.
ut will surely be twenty-five
years." he concludes. before the To-
cal industry can begin to threaten
European and American commerce"
The Washington herald., 1920-05-17
DIRECTOR OF THE MINT
MAKES STATEMENT

Raymond T. Baker. Director of
the Mint. makes public the follow
ing statement:
The provisions of the Pittman
Act are mandatory and. in accord
ance with them. the Secretary of
the Treasury has given standing
orders to the Director OF the Mint
to buy silver at 81 per ounce, 1000
fine, delivered at the option of the
Director of the Mint at the Assay
Office in New York or the mints in
Philadelphia. Denver and San Fran
cisco. UP to the aggregate amount
of 207.0o0.000 ounces. Under the
terms of the Act the silver so pur-
chased must be the product both OF
mines situated in the United States
and Of reduction works so located.
and clear and unequivocal proof to
that effect will be required. Forms
for such proof may be obtained at
said assay office and mints."
The Washington herald., 1920-05-17

There are not many railroad or
industrial corporations in the
United States whose stock dividend
record can surpass that of the
Baltimore & Ohio Railroad for
regularity" says r. Lancaster
Williams. 1T dates back to the
earliest days of railroading. and
has been almost continuous until
the recent suspension of the COM
mon dividend. which it is felt is
only temporary. The average divi-
dends paid for three years prior
to the assumption of the manage
ment by the government in Decem-
Der. 1917. was per cent on $780,
100000 preferred stock and per
cent on 100000 common stock
The Baltimore & Ohio Railroad
system passes through the heart
of our country's industrial activity,
operating 5.154 miles main line
track. Its gross operating reve-
nue. for the year ended December
81. 1919, was s1S2.620,016, COM
pared with s175.25s.575 for the pre-
vious year. a substantial increase
in business handled when condi-
tions generally existing during
that period are considered.
The purpose of government man
agement was to utilize the rail-
road lines throughout the country
to best advantage to accomplish
the object of war. This necessi-
tated changing. more or less, the
long-established commercial freight
structure. covering the handling
and routing of traffic. The result
of this and other radical rear
rangements was that some of the
systems were deprived of a con-
siderable amount Of the higher
paying classes of freight and were
obliged to devote their energies
to transporting what are common
|ly known as the coarser commodi-
ties paying lesser returns. This is
the situation in which the Balti-
more G Ohio was placed on ac-
count of its lines passing through
the principal soft-coal regions of
the east.
The network of intercommer-
cial relationship is very intricate
and sensitive. and in normal times
the various lines and interstices
lie on q somewhat level plane, but
when q volcanic disturbance, such
as the late war. brings countless
upward and downward pressures
to bear at various points, the equi-
table Internationally Is thorough
ly upset. Time and a period of
uninterrupted commercial activity
will bring these lines back to a
normal level and relationship.
The government has realized. as
evidenced in the transportation
act that the railroads of the coun-
try require an advance in freight
The Washington herald., 1920-05-17
Baltimore G. Ohio r. r. Bonds
Offer High Rate of Income

rates to Offset the increased wages,
cost of equipment and materials
and other expenses. and conse-
quently has charged the Inter
state Commerce Commission with
the duty of seeing that these re-
quirements are met. The act re-
quires such rates as will bring
a return of 51s per cent on the
value of the railroad property as
a whole. with discretionary power
to make this return s per cent.
In view of the facts as revealed
by a study of the situation with
respect to the Baltimore G. Ohio
and in view of the more favorable
circumstances under which the rail.
roads have been turned back to
their owners for operation, It Is
the confident belief that the opera
tions OF the future will result sat
isfactorily to the investor and the
public alike. and that any basis OF
rates which will place the roads
generally on a sound foundation
will react favorably upon Balti-
more & Ohio securities. A consid-
cradle amount of new business is
ONAh6 .SSSdASu OH kH6 q
Ohio, lines. The resumption OF
dividend payments on the common
stock, and the rate. is dependent
upon the results of such rate ad-
tustments and the current finan-
cial requirements. The Baltimore
& Ohio has no unfunded debt
other than balance due the govern
ment, and has no large improve
ment program under way.
1T is now a matter of general
information that underlying rail-
road bonds as a whole are selling
at very attractive prices, and that
they are expected to advance as
money rates grow less and as the
benefits from the recent railroad
Legislation are realized"
The following bonds of the Bal
timore & Ohio have been depressed
In selling price along with rail-
road bonds in general. These SELL
ing prices should show a marked
advance from now on in the course
of a period sufficiently long to re-
veal the results of the scompanys
management under private owner
ship, aided by the sympathetic CO.
operation and Intelligent action OF
the Interstate Commerce Commits
sion, of which there seems no
question. The total bonded indebt-
edness of this railroad system Is
but about two-thirds of its prop
erty investment. AS time goes on
and money rates become cheaper
the high return from these bonds
Will prove most satisfactory and
will verify the wisdom of having
purchased them at the present
time. This action will secure the
high rate Of income for a period
of many years:
The Washington herald., 1920-05-17
BRITAIN PLANS CONTROL
OF MARKETS OF The EAST

The determination OF Great Brit
ain 10 extend her control IN all
world markets leading 10 the East"
is evidenced by the plans OF her
bankers TO rehabilitate the indus
tries Of southeastern Europe. ac-
cording TO q statement OF the Guar
anty Trust Company Of New York
In the latest issue OF its fortnightly
trade review. American Goods and
Foreign Markets" II adds that
with the world suffering from un-
derproduction, and at the same time
from the enforced tdleness OF facto-
ries throughout Europe. the British
method Of setting the machinery In
motion is not only Constructive and
farsighted, but Of worldwide sig
niicance"
The Washington herald., 1920-05-17
INCREASE IN EXPORTS
OF OUR MANUFACTURES

That foreign markets are taking
an increased proportion of the
manufactures produced in the United
States is shown by a statement by
o. P. Austin, statistician of the Ma
tional City Bank of New York, pre-
sented at the recent meeting in San
Francisco of the. National Foreign
Trade Council. while it is impos-
The Washington herald., 1920-05-17
CLINTON BANK HOLDS
ORGANIZATION MEETING

The stockholders of the proposed
bank at Clinton. Md, held their
organization meeting Saturday aft,
ernoon. May Is. The stock is fully
subscribed, and Board of Directors
was chosen and officers elected for
the ensuing year. The officers
elected are: W. G.. Dent, OF the
real estate firm of Gardiner & Dert
president; w. E. Penn. vice presi
dent: J. Frank Dent, cashier.
The directors are: Thomas s
Gwynn. Clinton, Md: Charles H.
Gardiner, Clinton. Nd; William r
Thorne, Silesia. Nd; ]. Frank Dent
Clinton. Md: w. Z. Penn. Clinton,
Md; G. C. D. Townshend. Mitchels,
Vile, Nd: w. G. Dent. Clinton, Nd;
Guy T. Helvering. Washington, D. c.
The Washington herald., 1920-05-17
u. S. GRAIN CORPORATION
ISSUES WEEKLY STATEMENT

The United States Grain Corpora
tion has issued its fifty third
weekly bulletin covering the wheat
and flour movement throughout
the United States for the week end
ing May z, in comparison with the
figures for the same period a year
ago. The figures given out were as
follows:
1870. 1919.
Wheat receipts from
farms, bu. ...... 5,0S6, 900 2,16S 900
Wheat receipts from
farms, bu. pre-
TiOus week. k...... 5,643, 900 1885 900
Wheat receipts from
farms, bu. June
% to May 7...... 747. .791 900 MS 616, 900
Flour produced dur
ing week. bbls.... 1,so5, 900 2,553. 900
Flour produced pre-
yious week. bbls.. 1.s93. 900 2.766. 900
Flour produced June
"a to May -. 11s,o7o.oOo 1o7, ,oo5, 900
Total stocks, wheat,
all elevators and
mills bu.... 12I 006, 900 o5, ,o5l, 900
Total stocks, wheat,
all elevators and
m lis previous
week. bu-........ 134. s51 900 106, T32, 900
Change for week, bu. '7.s45, 900 80, ISL. 900
'Decrease.
Exports of wheat and Flour.
Exports OF wheat and flour. July
1. 1919. to May 7, 1920, amount to
9S,961 900 bushels of wheat and
16.344.000 barrels of flour, making a
total equal to 172,5o9.Oo0 bushels of
wheat, compared with 151, 1,443.00
bushels of wheat and 1881 900 bar
rels of -four last year to May Z.
which makes a total of 256.614, 900
bushels of wheat. last years total
-four exports including American
Relief Administration and American
EXpeditionary Force shipments. The
first seven days of May are prorated
from the monthly reports.
The Washington herald., 1920-05-17

Before buying securities it
might be well to investigate
the solidity of the security as
well as the house advising its
purchase. Hundreds of mil
lions of dollars are taken from
an unsuspecting public each
year by scheming individuals.
The Washington herald., 1920-05-17
PERSONAL,

A. Robert Elmore, of the banking
firm of Moorhead & Elmore. has left
for an extended business trip to
Wyoming.
The Washington herald., 1920-05-17
BANK STATEMENTS.
REPORT OF THE CONDITION OF III
ANACOSTIA BANK,

At Washington. in the District Of Columbia
at the close Of business Nay Z. 1890.
The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1920-04-08
AmuSementS.
THEDA BARA COMING
AS AN IRISH COLLEEN

After the war comes peace.
After the storm comes sunshine
After The Winter somes SDrinp.
After go miles o fsin in film, comes
Kathleen Mavoureen.'
Theda Bara, who has vampired her
way through two hundred miles of
motion pictures, has suffered change
of heart and will be seen at the asino
Theater today as the heroine of the
sweetest Irish love story ever told.
This is Kathleen Mavourneen," big
William Fox special written and di-
rected by harles ]. Brabin, who was
inspired by the old poem of the same
name by Mrs. Julia Crawford the Irish
poetress.
Miss Bara's new role is one of
sweet simplicity. 1t is said to be the
most effective thing she has ever
done-and her past performances in.
clude long list of courtesans such
as Cleopatra "DuBarry," Carmen
Camille" THE Darling of Paris"
The She-Devil" and "Salome."
The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1920-04-08
BUCK JONES PROMISES
EXCITEMENT, FOR FANS

Heralded as the new sensation of
the screen and a thriller of ROYALTY
ana other international notables, Buck
Jones and his daring horseback feats
promise to cause riot of enthusiasm
among motion picture fans when he
makes his debut as William Fox's
newest cowboy-soldier star at the
Casino Theater tomorrow in Harold
lltus thrilling tale of the West, "The
Last Straw"
once a cowboy on the Triangle Bar
Ranch in Montan, Buck Jones later
joined the sSixth U. S. Cavalry and
helped to stamp out the Moro UPRISING
in the Philippines. Then he got into
the world war by breaking horses for
the French government, later becom.
ing attached to the staff of a French
general. AS a horseman Buck Jones
is said to be marvel.
The scenes of "The Last Straw, are
lad in alifornia, and in the hero role
or Tom Beck, cow-puncher. Jones
according to report, fills the bill to
perfection.
Inc supporting cast contains the
names OF such favorites as Vivian
Rich, Jane Talent, Colin Kenny
charles LeMoyne and Bob Chandler.
me scenario was made by Denison
Cliff.