davidaulloa/AmericanStories huggingface dataset:
Evening star., 1920-12-26
BY STU ART p. WEST.
Copyright. 1900


NEW YORK. December 25.-At the
Is hoping and in the main believing
that the worst of the storm is over and
that a period Of relative calm is at hand
There was some disappointment. to be
sure, because yesterdays market after
opening somewhat higher did not keep
on with the recovery. But what happen
ed yesterday was merely the normal
movement Of prices after a period Of
violent arrangement.
Stocks bought for supporting pur-
poses, while the strain was greatest.
were being turned loose and there was
a certain amount of speculative selling
for both accounts on the idea that the
uptun had gone far enough without
some reaction. But these were the
things that were to be expected and
they did not lessen the better feeling
which became apparent in responsible
quarters after. the market had passed
through successfully it's supreme ordeal
of the midWeek
There is no assurance, Of course, that
unfavorab'e happenings in the CONNER
cial situation are nearing their end.
More failures are likely to be announced
before the troubles are over; more
shutting down of mills and factories.
more wage-cutting are to be looked for.
But on the other hand the banking sys-
tenn has passed through its crisis. The
credit situation as evidenced by the
last few bank statements is surely on
the mend. 1t is the well defined pros
pect of easier money after the first of
the year that people are pinning their
hopes to. With lower money rates in
vestment buying will be stimulated.
Easier to Float Securities.
Prices Of securities having fixed
yield and highly enough placed not to be
sensitive to falling company earnings
will then tend upward. 1t Will be stiii
easier than it is now for corporations
to float their new securities and every
new flotation of this sort will take Just
SO much off the shoulders Of the banks.
The investment community will assume
the function of financing the big cor
porations instead of the banks. This
will hasten the reduction in bank loans.
When representative financiers ex-
press themselves as satisfied with the
way matters are now going they are
thinking first OF ali OF this improve
ment in the credit outlook. They re-
member their keen apprehensions all
through the first half OF the year.
when imitation had not been checked
when commodity prices were at the
peak, when il was realized that a vio-
lent readjustment must occur Then
the federal reserve system mad not
been tested. Misgivings were felt as
to whether it could stand the strain.
Immense Change for Better.
Comparing this position with the
present, when we have passed through
the anxious period of the autumn croE
moving. when we are very close to the
time of year when the money demand
for commercial and agricultural pur-
poses is at its minimum. and when
we have done all this without any i'm
pairment in the bank reserves. but. or
the contrary. with a higher ratio re-
naming than at any previous stage OF
the twelve months-it is easy to rec
oxnize the immense change for the
better and the great relief which has
been afforded to the heads of the
banking community.
In the second place the financial
leaders are thinking that whereas six
Evening star., 1920-12-26
TAX RETURNS SURE TO SHOW
e HEAVY DECREASE FOR 1920

selling below cost Of production, this
is not true In general. In my opinion.
In estimating a loss most statiett-
clans use prevailing values for land.
whereas the great bulk OF the farms
cost their present owNerr from one
tenth to one-half OF recent market
prices"
Looking at the whole matter aca-
demically as to where sufficiently In
huential buying power may come
from. there are two other sources
besides the farmers, which, II brought
ton.
The second largest industry in the
United States (the first. Of course.
being agriculture) is the traneporta-
ton business. 1t has always hap
pened that whenever in this coun-
on a large scale all other businesses
began Immediately to quicken up. and
general prosperity followed.
The railroads need to spend from
four to six billion dollars to bring
their properties up to even present
campaign of needed extensions were
begun. these expenditures would be
added to. This would give n forward
impulse to all buying. We do not see
at present any prospect OF this move
ment but it must come some timc.
o,'u i'tkut. u Creutt ConuttiouS WeTe
adjusted, come sooner than any one
expected.
"A third source of large buying.
and one to which we must give Inn
mediate attention. Is our export
business. This movement may not
be as far away as railroad purchas-
ing. and some steps are already be-
ing taken to accelerate 1t. 1t may
assume large proportions 1t must,
II we are to maintain our advantage
as commercial nation"
Evening star., 1920-12-26
BETTER FEELING IS GROWING
IN THE FINANCIAL CIRCLES

months ago the enormous decline in
commodity prices and shrinkage in
production lay ahead. il now lies for
the most part behind. Extremely de-
pressed as industry is in many lines.
without much prospect of early re-
covery, ii still occupies the soundest
position il has in four years.
Foreign Trade Figures.
good deal is said about the me-
cessity of stimulating the foreign
trade. The impression has been given
by some of this discussion that for
eign countries have all but stopped
! buying in the American market be-
cause they can no longer obtain the
necessary credit. But this notion can
certainly not he reconciled with the
November trade figures and their
total of s675.o00.000 exports. This
total, while down S77, 900. 900 from the
exceptionally high aggregate of Oc-
tober. is still well above the exports
for half the other months of the year
The detailed figures. which will soon
be available. will show to what ex-
tent the industrial and financial col
lapse in South America was RESPONSE
Bile for the decline in November re-
turns.
But this much is certain: that Eu
rope. despite its deprecated ex-
changes, despite the supposed diff
Guilty OF obtaining credit. yet finds
the means to buy American goods
fabulously large previous to the end.
Evening star., 1920-12-26
WITHDRAW THEIR FUNDS.

JACKSON, Miss. December e5.-rive
oanks acting as state repositories
nave withdrawn their securities from
the state treasury and announced that
they did not longer wish to act in thai
capacity. 1t is authoritatively stated
that others, acting in the same
capacity, will take similar action
While the announcement did not so
state. it is generally known that these
WITHDRAWALS were made as a protest
against the action of the state boa rd
and Improvement commission in keen
ing its funds in a local bank. The
commission has recently issued ST.
100000 in bonds and contracted for
the issuance of a half million dollars
more.
State Auditor W. J. Miller made q
proposition to the commission to dis
tribute its funds among the different
repositories subject to the payment
or confederate pension warrants.
which are now due. but are unpaid
because of the fact that the tax col
iectors have not paid sufficient money
INTO the treasury to pay them. but
this proposition was declined.
Evening star., 1920-12-26
GRAIN AND PROVISIONS.

CHICAGO. December 25.-Argentine
offerings to Europe Z cents a bushel
cheaper than offerings from the
United States had a bearish influence
day closed unsettled at IL net lower
to y cent advance, with March 1.s5
to 1.65K and May 1.61N to 1.61h.
Corn finished y to ! = down. and oats
unchanged to Y of. In provisions
the outcome varied from IS cents de-
cline to 20 cents advance.
News Of the cheapness Of Argentine
offerings of wheat were emphasized
by word that harvesting in Argentine
was being favored with fine weather
and that the yield was Of good quail
ity. Beneficial rains were also re-
ported in India, where of late the crop
has been suffering from drought.
Under such circumstances export de-
mand was reduced to a minimum. and
the only actual new foreign purchase
Of which there was general knowl-
edge was of $4,000 bushels for Bel
gium. Evening up for the holiday to-
morrow. however, brought about
part Of the session. although sales to
so to store here were noted, and there
was comment as to the freedom with
which deliveries on December con-
tracts went around.
Corn and oats lacked support, except
on declines Provisions averaged
weaker with grain, despite strength
in the hog market.
Evening-up yesterday for the holi-
day brought about something Of re-
covery in the last part of the session.
Closing prices were unsettled IN net
lower to z higher. with March 1855
to 1.65N and May 1.61A to 1.61M
The close Of corn was easy, 70 to
1b net lower. with May TAX to TAX
WHEAT
Evening star., 1920-12-26
BALTIMORE MARAEFs.
BALTIMORE. December 25

BALTIMORE. December 25 (Spe-
ciaD.-All lines, with the exception
of staple stock vegetables, such as
potatoes. etc. cleaned up fairly well
on Christmas eve, and just what the
coming week will bring in the way
of prices is almost conjectural. Nat
urally, after the holidays turkeys Will
be draggy for a week or so. but the
demand for other lines will onset
this as poultry. with the exception
of turkeys, is usually in demand right
after Christmas. with old hens four
pounds and over and large young
chickens especially wanted, and pres.
ent prices of 81 and 80 cents pound
for live old hens and young chickens
probably will go higher.
Dressed poultry should also pe
more active, especially chickens. with
demand very likely centered on big
young chickens. With contfnua-
ton Of the present weather conoi-
tions eggs will probably remain sta.
tionary at the prevailing price OF ~
cents a dozen for strictly fresh near
by stock. but il the coming week Is
ushered in with stormy. cold weather
prices will advance. In either case
prompt shipments are advisable 10
draw outside quotations. as buyers
are critical at prevailing prices and
held stock will not bring top prices:
The potato market probably will
stand firm at the present prices. as
stock on hand is ample for all de-
mands the coming week.
The season for rabbits will close
January 1 and a good demand is
looked for the last week. Prices
today ranged from SIS to $3.50 per
dozen for choice nearby stock and
$3.50 to $4.20 for fair to good. and
these prices will very likely hold
good for the balance of the season.
The live cattle market is expected
to continue draggy the coming week.
after which demand will increase for
ali lines of top-grade stock. From
all indications present prices will
hold good all next week.
Evening star., 1920-12-26
RANGE OF MARKET AVERAGES.


Friday
OF rket " ~ 49, ~
Evening star., 1920-12-26
TO REFINANCE GOODYEAR,

AKRON Ohio, December 25-Stoct-
holders of the Goodyear Tire and
Rubber Company have voted to author
ize directors to issue $4,000. 900 in
bonds. 1t was understood that a eroun
OF New York bankers has undertaken
10 underwrite the issue. F. A. Seiber-
nng, president, said fifty millions
would be needed in the refna ncsr~
Frank s. Monnett. former attorney
general OF Ohio. whe recently failed in
suit filed in Columbus to obtain an
accounting of the affairs of the Good
year company. led small group Of
stockhoIders in opposing the bond
actlon. Goodyear officials, however.
through the use Of proxies ana their
own holds in preferred, cast votes for
over $4,000 shares Of preferred, The
Monnett group mustered less than
i.Vo0 shares against the proposed
Evening star., 1920-12-26
LEAF TOBACCO REPORT.
Receipts and Sales Fall on in Bal
timore Market.

BALTIMORE. December 25.-Ieaf
tobacco receipts fell OF this week to
S$S hoKsheads and sales to 103 hogs
heads. There 10 some trading in new
crop ground-leaves, Of which $50
hoEsheads have bean received at the
warehouses. Prices for Maryland to-
bacco. per 100 pounds:
Inferior and frosted. hrm leaf, IS to
-: sound common and Ereentsh, IS to
$l2: good common. $l3 to $24; medium,
$se to &sb: good to fne red. S3S to $5s
fancy *bs to $50; seconds. common to
medium, s. to $2s; seconds, good to
nnc. $29 to $t5: bay top. fire-cured.
Sie to SsS; upper country. ir-cured.
$I2 TO S4l. and ground-leaves (new),
IS to 325.
Unsound and badly mixed packages
from l to 3 cents lower
stock In warehouses today: Mary
land, 1870? hogsheads: Ohio. 5,405
hogsheads. making a total OF 24.107
hogsheads. Ground-lea to date, $50
hogshesds.
Evening star., 1920-12-26
Money to Loan

Secured By First Deed Of Trust on Real Estatk
PrevailinE interest and eommIssiea.
Joseph l. Weller ~ aS mssa sss ana Il : .,..' IT,
Evening star., 1920-12-26
REVIEW OF WEEKS BUSINESS

NEW YORK. December 25.-Brad-
streets today says:
The favorable features of the week
in distributive trade are seasonal in
creases in retail buying. stimulated by
noiloay purchases OF seasonal goods,
a slightly enlarged distribution Of
heavy wearing apparel. due to colder
weather. with snow north and west,
and some belated activity on the part
or 3oooers In Shipping goods to NIL in
broken stocks. Retail trade gen
orally. however. has not measured up
to year ago. The trend, otherwise,
has been toward increased quiet at
and a further extension of the widen
ing circle Of quiet in industry. accom-
panied by many reports Of wage re-
ductions. the iron and steel trades
noticeably coming into this category
Collections have not improved much,
and. indeed. are slower on the whole
Weekly bank clearings. $8,37s.254, 600.
Evening star., 1920-12-26


mir. J. p Griffin, our resident part
ner in Chicago. in reply to an in
auiry on this general subject. wires
US:
THE purchasing power of the
farmer is a much mooted question.
That it is a factor of great impor-
tance in trade must be at once con-
ceded. / do not know of any off,
cial figures that will serve as a guide.
There are approximately seven and
one-half million farmers in this coun-
try. which will give you some con-
ception of their potential buying
power. l agree largely with conclu-
sionS stated in last weeks Review,
and do not believe the buying power
of the farmer has been impaired to
the extent generally understood.
The grain farmers of the United
States. as a class, are the most pros
porous people in the world. Present
prices are low in a relative sense
only. The farmer paid or his mort
cages and acquired wonderful pros
perity based on a dollar per bushel
for wheat so cents for corn and 80
cents for oats. This latter condition
came about prior to the war. For FIVE
years out of the last six his earnings
have been enormous. and while in
m=ny instances the crops Of 1920 are
Evening star., 1920-12-26

To please the South Sea Islanders
a girl must be tatooed sky blue and
wear a nose ring.
The Washington times., 1920-07-13
COMMUNIST PARTY
LEADERS ON TRIAL
State Charges Millionaire Ex-
tremlst Urged Banks BE
Blown Open.

CHICAGO, July l3.--charsing that
william Bross Lloyd, millionaire ca
tremist OF Chicago. In an address de-
liyered in Milwaukee. urged his hear
ers to /"dismantle the armories, and
blow open the doors OF the banks TO
get the money to nnance a rsvolu-
tlon," the state has opened its pres
entation OF evidence against Lloyd
and other leaders OF the Communist
Labor party, charged with conspirinE
to overthrow the Government.
The speech attributed 20 Lloyd was
made I'm Milwaukee on January ~,
1919. 1t was declared by Assistant
states Attorney Lloyd c. Heth, In his
opening address to the jury.
Heth also declared that in the plat
form and program adopted by the
communist labor leaders in their New
York convention they declared them
selves In accord with the MOSCOW
manifesto put forward by the Russian
Soviet government advocating the
overthrow OF constituted governments
throughout the world and the estab-
lishment OF the "dictatorship of the
proletariat"
These defendants stated that the
use of political machines and the ball
lot is OF no importance. and they Rd-
vocate mass action to capture and
The Washington times., 1920-07-13
SUSPECTS WIFE KILLS
SELF; POISONS CHILDREN
Spouse of Farmer, Arrested as
Slayer, Made Desperate BY
Humiliation.

NEW YORK, July 13.-Just as he
stepped out of the door of the Long
Island City court room, where he had
been cxonerated of an affidavit charge
OF suspicion OF murder yesterday,
Wendell X. Pellisier, a farmer of
Thornville, N. Y, was advised by two
neighbors that his wife had poisoned
their four children and then commit
ted suicide because of humiliation
over his arrest
The children we're saved from death
by prompt medical treatment, but
Mrs. Pellisier died without regaining
consciousness. Pellisler was over
come by the news.
The farmer was arrested last week
on the strength of an anonymous let.
ter which authorities said connected
him with the murder of an Astoria, L.
l., delicatessen storekeeper.
The Washington times., 1920-07-13
FARMERS TO FIND
STRENGTH IN VOTE
Rural Workers Would Lose In
mense Sum If They Took Liv-
ing Wage, Says Council.
'Tf farmers had allowed themselves

'Tf farmers had allowed themselves
decent wage for the work which
they and their wives and children did
on the farms last year they would
have come out about six and a half
billion dollars behind" declared a
statement issued today by the Farm
ers' National Council. This year"
the statement continues, "the farmers
are going to pay more attention to
voting because they now have a re-
construction program which, IL put
into effect, will cut down that loss by
at least half"
Farmers have not kept books as
carefully as they should" the an
nouncement reads, land as result
many of them have not realized until
recently that they have been running
behind because many of them have
been working for next to nothing.
The Department of Agriculture gives
the total value of farm products for
1919 as $24,9S2 900, 900. In 1910 there
were nearly six million farm labor
ers, of whom about three-fourths
were men.
Assuming that there were only the
same loI lJlS lhtli "fCihS U
wage and keep was certainly equal
to 1898 a year, or a total of $1,000
100000. The council estimates that
the labor of farmers, farmers wives
and children on the 6,500,000 farms
Of the country averages only two
adult workers to farm, and was
worth an average of $1,000 year
each for an eight-hour day, or a total
of SIS, ,000,0 10000
"Other items in the cost of pro-
ductiotn, such as interest, freight,
taxes, fertilizers, depreciation, etc,
brings the total to $31, $4,000.
This means that the farmers of
America ran behind, in round figures
last year, S6,4S1, 100000. 1t is, there
fore, of the greatest Importance to
farmers that their reconstruction
program, which would save at least
$4,000, 100000 a year, should be car
ried into effect.
"It Is also OF the greatest i'm
portance that farmers cooperative
societies should be strengthened in
order that they may establish direct
trading with consumers organiZa-
tions in cities, and so save the farm
ers hundreds of millions of dollars
annually now secured by speculative
middlemen who handle farm prod
ucts."
The Washington times., 1920-07-13
NAVY MYSTERY
OVER BOTTLES.
There Were IA OF EN-, But
Question Is What Did
They Contaln2

NEW YORK. July 13.--Can men be
convicted for possessing and trans
Herting liquor when there is no proof
that what they possessed and trans
ported really was liquor-or, indeed.
was anything more than "brown bot
tlesY"
That's one ticleiish point for the
officers composing the naval court
martial which. sitting at the Brook
llyn yard, is trying Ensigns Windsor
H. Cushing and Frank Lamb on
charges of having carried In their big
seaplane, 144 bottles OF something
the Bahamas, to their base station at
Miami, Fla.
And then again there is another
pretty question. Thus
Could II be possible that two expert
enced aviators, departing from the
friendly isle OF Bimini, "didn't notice
there was anything In the ship?" And,
indeed, they were surprised when they
got to Miami and found twelve dozen
bottles in their gunIpitH
1t looks as though considerable jur.
isprudence will have to be exercised
before the court-martial, headed by
ders a verdict. The Judge advocate
prosecuting the ensigns Is Majer
Harry w. Weitzel, Of the Marines
and Capt. Paul Brown, OF the same
service, is defending them.
The case falls under the famous Or
der No. 90, issued by Secretary Dan.
iels when he first took the helm OF
navy affairs, prohibiting the storing
or Transporting of any alcoholie
liquor aboard q ship OF the navy. A
seaplane. Of course, is a ship.
Lieut.. Hugh Cuthrell, who COM
manded the Miami station several
months ago at the time Of the alleged
aerial bootlegging but now Is attach
ed to the Pacific Fleet, CROSSED the
continent to be the chief witness
yesterday He is a warm friend OF
Ensign Cushing, who was second In
command OF Seaplane 3606.
The ship. he said. had gone to BIZ
mini on an official call. with the two
officers as pilots and several enlisted
men as crews. Upon its return he
looked it over for repairs, and came
across the 144 brown bottles in the
gunpit, unlabelled-
81 do not know what was in them.
I did not ascertain If there was any
thing at all in them" he testified. II
do not know If their contents was
liquor Nobody tasted 1t, smelled 1t,
or even looked at it. None of the bot
ties was opened. 1 ordered the crew
to tow the ship out from the station
and throw the bottles overheard.
They did so and the bottles sank"
Lieutenant Cuthrell told of an in
vestigation he had made at Miami.
The officers, he said, were much sur
prised when the bottles were shown
to them. The ensigns told him they
had been away from the ship for
considerable time at Bimini, paying
their respects to the British governor.
The enlisted men OF the crew. Lieu
tenant Cuthrell said, told him that
during the absence of the ensigns. a
number of natives were busy about
the ship, and it must have been the
natives who put the bottles aboard.
When the case is continued today,
the young officers will probably take
the stand in their own defense.
The Washington times., 1920-07-13
.z|ON|STS GREETED
BY LLOYD GEORGE
Premier Sends Heartlest Con-
gratuIatlons to First World
Conference.
NJ DOROTHY THOMPSON.
International News Services.

LONDON. July IA message of
srsstins and consratulation from
Premier Lloyd George was read to-
day to the International Zionist Con-
ference. II followsi
'T send hesrtisst congratulations
to the nrst w6rld conference OF the
zionists since the war. on the res
torstion by the Jewish people OF
their national home. j am confident
that the Jewish people will display
those qualities OF energy, determine
ton tolerance, wisdom and conyidera-
ton for their fellow citizens or Pal.
estine which are necessary for their
success. If they will do so, / believe
that the Jewish people will once
more make q great and beneficient
contribution 20 human progress"
The message was received with
great applause.
The Washington times., 1920-07-13
Food Riots and BoycOtts
In Many German Cities
Force Prices TO Normal

Food riots occurring In many
places In Germany have resulted in
forcing down the price OF foodstuffs.
according 10 a csblsgram received
at the State Department today from
American COMMISSIONER Dressed at
Berlin.
The commissioner reported that
consumers in Germany are boycott
ting dealers who charge excessive
prices, and are gradually bringing
prices to lower level in this way.
Measures for reduction Of food
prices by Government legislation
are being considered by the COM
monwealth economic council.
The Washington times., 1920-07-13
ANOTHER PLAGUE DEATH.

VERA CRUZ, July 13.-One death
from bubonic plague and two new
cases were reported during the past
twenty-four hours.