davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1920-06-12
TEMPORARY SLUMP
IN MAY BUILDING
Statistics Show Decline OF 19
Per Cent-June Expected
= To Show Big Increase.

Building operations in the month
OF May showed a decline of 10 per cent
from the operations OF the previous
month, according to statistics COM
piled by the F. w. Dodge Company.
According TO this compsny's figures,
contracts awarded during May in the
territory east of the Missouri and
north OF the Ohio rivers amounted TO
$c47 1s6, 900, compared with over
$500. 100000 for the months of March
and April.
This slackening of activity can
scarcely be more than temporary. Its
principal causes are four: Disputes
over adjustments in the wage scale,
principally in Chicago and the Cen
trail West; freight congestion. which
Is felt principally In the East: the in
creasing difficulty of financing build
ing operations. and the belief that
prices Of material are due to drop.
These factors, though they seriously
handicap building operations. can
scarcely be of more than temporary
nature. The problems OF wage ad
justments and freight congestion may
be solved very speedily. The diff
Guilty of financing building projects
while II is great, is not insurmount-
able. The public has already begun
to see that declines in commodity
prices can only be slow, at best, and
II will soon realize that in face of the
enormous demand for construction of
all kinds and the prospect of increased
freight rates, building materials are
likely to remain high longer than any
other group of commodities.
The outstanding factor in the build
ing situation, which overshadows all
the difficulties and disturbing ele-
ments, is the accumulated demand for
buildings. During the first five
months of 1920 the f. w. Dodge Com
pany reported contemplated and
projected work amounting to two
and one-h half billion dollars, as against
contract awards amounting to one
half that sum.
In the face OF the enormous con-
struction job this country has on its
hands it is not going to pack up its
tools and quit, but it will rather solve
the difficulties one by one, and push
the work to completion as rapidly as
the adverse circumstances will per-
nit.
May building contracts in eastern
Pennsylvania, southern New Jersey,
The Washington times., 1920-06-12

s106573.0O was reported In May.
From January / to June 1. the
amount of contemplated work REPORT
ed was s51O,43s, 900. compared with
contracts let amounting to 1926, 104,-
600 The great excess of projected
work Is indication that the May de-
cline in contracts is probably tenn
porary phenomenon. Projected work
for the first five months of the year
include $13S.O97,00O for residential
buildings: $119,241.000 for business
buildings; s1O5,993,OOo for public
works and utilities: and $74,2lO.OOo
for industrial plants.
Central West.
Building contracts let in the Central
West comprising Illinois, Indiana.
Iowa, Wisconsin. Michigan and por-
tions of Missouri, eastern Kansas and
Nebraska) in May amounted to $77,-
O1S,O0O. a decrease of Is per cent from
the April figure.
The May figures include: S22,170,-
600. or 20 per cent. for public works
and utilities: S16,4S6000. or Fl per
cent. for residential buildings: and
s13.415, 900. or II per cent for Indus
trial plants.
Contemplated work was reported
The Washington times., 1920-06-12
FOUR HOMES SOLD FOR
APPROXIMATELY $4,000
Handsome Residences in Cleveland
Park and Chevy Chase Sections
Feature Boss & Phelps Sales.

Major william L. Browning sold his
home at 3216 Newark street in Cleve-
land Park. to Agnes l.. Costello
through the real estate firm of Boss
& Phelps. The improvements consist
of large detached house OF frame
and stucco construction, containing
fourteen rooms. several baths. large
porches. heated with hot-water. and
having many other up-to-date i'm
provements, besides a fireproof garage.
The lot is 50x200.
One OF the new homes recently COM
pleted by Boss e. Phelps. at 26 West
Irving street. Chevy Chase. Md. was
bought by Elizabeth b. Nourse. The
house is OF frame construction with
wide cedar siding. containing ten
rooms. three baths. hardwood floors
throughout, hot water heat. electric
lights. The special features OF this
house are an unusually large living
room with open fireplace, large
porches. and a fireproof garage hold
ing two cars. The lot is large, and
there are numerous trees.
Capt. Thomas ID. Sloan bought the
home Of e. c. Taylor at Al West Kirk
street. Chevy Chase. Md, at the cor
ner Of Cedar parkway. The lot on
which this house is situated is ap-
proximately 135x150. and the trees
and shrubbery on this lot make
particularly attractive setting for the
house. The house is built of frame
with wide clapboards, green shutters
and is of colonial style throughout.
two stories and attic, with all mod
ern improvements.
Helen r Scudder sold her home at
East Irving street, Chevy Chase.
Md, to Genevieve c. Marsh. This
property is situated at the corner of
Irving street and Brookville road.
containing ten rooms, two baths,
heated with hot water. having cleo
trio lights. and several open fireplaces;
there is also garage. The lot is
large and covered with trees, vines
and shrubbery.
The Washington times., 1920-06-12

during April to the amount OF S11O,-
9S2.00O. bringing the total of work
projected during the first five months
OF the year up to s939 900. 900. includ ng
211,471 900 for public works and utili.
ties, S1S0,96s. 600 for industrial plants.
and S16S, ,42s, 900 for residential build
ings.
Northwest.
May building contracts in Mime
sofa and North and South Dakota
amounted to slO.565, 900. which was
practically the same as the totals for
the two preceding months. although
it was almost double the figure for
May, 1919.
The May. 1920 figures include: 80,
O52,OOO, or 20 per cent. for public
works and utilities; s2,50O, 900. or "a
per cent for educational buildings
and s2,3s9,0 900. or % per cent. for res
idential buildings.
Contemplated work reported in May
amounted to s9,997,00o. bringing the
total of work projected from Janu-
ary l to June 1 to S70.332 900, includ-
ing s16,653.0O0 for public works and
utilities, S13,763,000 for residential
buildings, and $13,O32. 900 for business
buildings.
The Washington times., 1920-06-12
BUY REAL
ESTATE NOW
5000 APPLY FOR us
new CHICAGO HOUSES

The frst lT5 houses OF the 10000
planned by the Chicago Housing AS
ISOLATION are about completed In
South Chicago. Three thousand ap-
plications are on rle for these i75
houses. Applicants must be Ameri-
can citizens and preference will be
given those who have children and
are poorly housed at present.
The association was formed to make
IL possible for small wage earners TO
own their homes. The buyers will
pay s33 or S35 a month. OF which only
70 or $40 will be rent. the balance be-
ing applied on the purchase OF the
homes over a period OF fifteen years.
The cost will be about $4,000 for cor
ner houses. s425O for double English
style and $4,000 for the others. The
nrst houses were to be completed
about June !, the buyers To pay one
tenth of the price down and the rest
In installments. The 1T5 houses will
be dedicated July 4. Mayor Thomp-
son and Governor Lowden are ex-
pected to take part in the cere-
monies.
Each house has three bedrooms liv-
ing room. combination dining room
and kitchen. pantry. bathroom. clos
cts and cement basement containing
laundry tubs.
There has been pledged $3.50. 900 for
the housing by a group OF hnanciers
who have thus put Chicago in the
lead in attempts TO solve the housing
problem.
The Washington times., 1920-06-12
FOUR DUNCAN HOUSES
ARE SOLD FOR $40,500

Real estate sales aggregating $40
500 were reported last week by ID. j.
DuniCan in his Fourteenth street.
Highlands and Petworth develop
ments.
Three Longfellow street homes were
sold to Lester T.. Kirchner. Leigh c.
Kelsey and Mrs. Laura Stafford.
These homes are colonial in design
and contain eight rooms and bath.
The Petworth home at 1922 Sew
enth street was sold to George Nc
Curdy. This is a detached home of
six rooms and bath.
The Washington times., 1920-06-12
6 PROPERTIES SOLD BY
MAHORNEY & SULLIVAN

The business property at 1414 North
Capitol street was sold during the
week through the real estate Offices
Of Mahorney e. sullivan for Samuel
Shapiro to Thomas r. Carr. The new
owner will occupy the property after
making extensive improvements.
Other Mahorney & Sullivan sales In :
cluded the following homes: 516 ID
street northeast. for John J. Ash to
John Blier; 1927 Tenth street north
east, for Anna G.. Bean to T.. NJ. Ma
horney; 2I5 Seaton street northeast.
for Susan Il. Godbold to q. II. Dun
nington: sos l. street, for Mary O..
Schaefer to John Ludke; 1868 Monroe
street northeast. for Jesse NJ. East
lack to Ethel Coale.
The Washington times., 1920-06-12

thereupon organizes suitable fire.
fghting forces and undertakes the ex-
tinction of the fire
The plan has already been adopted
for trial in one county and IL is pro-
posed to carry IL into other counties
OF the territory.
The Washington times., 1920-06-12

CHARMING Chevy Chase home at No. Leland street.
sold during the past week to Glenn T. Plumb of the
Plumb Plan League, for David A. Basr for approx
mately $4,000. The sale was made by McKeeever &
GOss
New-York tribune., 1920-05-20
Pool Stocks Fare Badly

If there was any incl nation on the
part of the so-called Wall Street pool;
TO support their favorites in yester
days market, it was not in evidence
The Doheny issues, which have beer
widely tipped for rise, were sub
iected to heavy selling pressure and
they broke under the strain. Pan
American Petroleum A stock dropped
from 1924 to 81 and closed 8$a poin-s
off, at 9322. The stock at its closing
price of 87A was down 934 points
Mexican Petroleum was off Is. Bald
win Locomotive, after selling in the
early trading as high as 1855, de-
clned TO 1862 and ended the day at
107, with a net loss of 8 1s points. Amer
lean Woolen, which is planning to offer
$20,0C0,000 new common stock to share
holders at par, broke from 10014 to
1O1 z. down Z points.
New-York tribune., 1920-05-20
Cuban-American Sugar

Declaration of two dividends of 81. 10
share each on the new $40 par value
common stock Of the Cuban American
Sugar Company failed to stimulate any
buying in this issue. Although divi-
dends announced are payable three
months apart, suggesting that the $1.75
rate might be continued quarterly, the
stock sold down from 60as to SO, and
closed at 521s for a net loss of 67s
points. The old Cuban American
shares were split up into the present
for one of the old. The company has
been paying at the rate of $3.50 a
share each quarter on the old stock of
Sl00 par. Attention was called to the
fact that the two dividends of $3.50
each already paid this year on the old
stock and the two now declared on the
new aggregate 40 per cent
New-York tribune., 1920-05-20
Sinclair Consolidated

Stockholders of the Sinclair Con-
solidated Oil Corporation yesterday
ratified the action Of the directors in
authorizing the payment of four quar-
mon stock on the basis of 2 shares of
no par value stock each quarter for
each 100 shares of such common stock
outstanding at the end Of each quarter.
The dividends will be payable to
stockholders of record June 80 Sen
tember 80 and December 81. and March
81, 1921, payment date in each in
stancc being The 18th of the fol-
lowing month. The plan for issuing
$4,000, 900 tive-year 7i2 per cent notes
was also approved. Each $1,000 note
will be convertible into 10 shares of
new per cent preferred stock and
2la shares of common stock.
New-York tribune., 1920-05-20

at is difficult to see how there car
be a panic or industrial crisis this
year in the face of under production,
said James Phelan, of Hornblower &
Weeks, yesterday. "Our business
troubles are attributable to shortage OF
labor and traHporta ton, both of which
do not spell overeXpans on. There is
a shortage Of at least 100000 laborers
This is proved average shortage in
industry of about 20 per cent. Some
100000 miles of railroads are strug-
Cling to cope with the needs Of 5000
600 people; thirty years ago, with only
65,000.000 population, we had over 200.-
600 miles. The breakdown in transpor-
tation has loaded millions OF CONNER
al credits upon the banks when they
were endeavoring to build up re-
serves"
New-York tribune., 1920-05-20
The Psychology of Selling


Reasoning from psychological
viewpoint there seemed to be a pre-
yesterdays selling movement might be
carried further to-day. "Once a selling
movement like that Of yesterday gets
under way" said one broker, at very
often happens that it will continue
until banking support appears OF
scme constructive news development
occurs that will start a buying wave
in the market. Floor specialists re
ported that many selling orders put ir
at the close were not executed anc
these undoubtedly would be executed
at to days opening. The market az
yet does not seem to possess any
great rallying power and it looks to me
like lower prices before the bottom
will be reached"
New-York tribune., 1920-05-20
China
Farm Needs

A GRIcULTURE occupies IS
per cent. Of the Ct;r.,.
people. Farms average ahon.
one acre, and produce large v;.iS. s
OF rice, wheat, corn, vesetahl.s
and sweet potatoes. Yet mod.rS
farm implements are few sa1
there is a distinct need for tbos. @
adapted to the peculiar needs snS
customs of the people Of III. III.
country. BY study of condi+;on.s s
American manufacturers NAV 4.
velop a large market fer agr;cnI
tural implements in China
In planning cultivation of trad.
with China, whether it be in th;s
or other fields, we should be pla5
to have manufacturers bear ~
mind that through our branch =.
Shanghai we are amply couinn.d
to satisfy the most extens;v.
banking requirements Of von-
business in exporting to China
BRANCHES AT
Shanghai Toxic Yokob.
Paris San Francisco s.at,,.
New-York tribune., 1920-05-20
No Steel Price Cutting

The price cutting wave has not yet
reached the steel trade, according tc
officials of leading independent com.
panies. They said yesterday that pres.
ent quotations are likely to be main.
tanned for a considerable time to come
in view Of the shortage of raw ma
terjals and the huge tonnages held up
by the transportation tie-up. In any
event it is not believed that the Steel
Corporation will be the first of the
steel companies to cut prices, mas
much as it has strictly adhered to
the schedule agreed upon with the
Industrial Board in March, 1919.
New-York tribune., 1920-05-20
Banks LiQuidating Loans

New York bankers said yesterday
that the East is making rapid progress
in their efforts to bring about more
normal credit situation. Accommoda-
tions to clients, in many instances, show
marked contraction since the first of
the year. The Guaranty Trust Com
pany, which was cited as notable
example, is said to have liquidated
leans secured by merchandise OF over
$l0o,0oo,000 since January l. Other
banks also report liquidation of their
credit advances. Requests for banking
accommodation are being scrutinized
more closely than ever before, and
clients are being advised to borrow
no more than is necessary to carry on
essential industries.
New-York tribune., 1920-05-20
Paris Market Firm

PARIS, May 19.-Tradine was act;va
and prices closed firm on the Bonrse
to-day. Three per cent rentes 5e
francs 95 centimes; exchange on Lon
don, 81 francs 15 centimes; per cent
loan. 81 francs rs centimes. The dol
lar was quoted at IS francs "a CEN
times
New-York tribune., 1920-05-20
Continental Bag Plan Ratified

Stockholders Of the Continental
Paper Bag Company at special meet
ing ratified the proposal to increase the
from $2,5Oo,ooV to s7,5o0, 900 and the
preferred from '$2 100000 to $4,000 900,
it was announced yesterday. The pro-
New-York tribune., 1920-05-20
Favors Harvester Stock Dividend

John J. Mitchell, director of the
International Harvester Company, was
quoted in Chicago dispatches as fav-
oring the declaration of a 40 per cent
stock dividend on the common stock i'm
med :ately. This would add S32, 900, 900
to the $80,000,000 Of common stock now
outstanding.
New-York tribune., 1920-05-20
I'm Wall Street
West Sells Stocks

Brokers said that much Of yester-
days heavy selling originated in the
West, where it was said that specula-
tors are apparently just beginning to
realize that bankers and the Federal
Reserve authorities mean business in
their efforts to bring about nation
wide price deAation. These interests,
which few months ago we're ridicul-
ing the predictions of the country S
leading financial authorities that prices
had about reached their peak, are now
said to have suddenly turned bearish
and are acting according to their con
victions. On the other hand, New York
banking opinion is more cheerful than
it has been for some time. Local
bankers placed themselves on record
as stating that developments from now
on should be more constructive than
destructive, at least from the public
point of view. They feel that the credit
situation should show considerable
Improvement from now on and that
this should result in the release OF
funds Tor essential industries.
New-York tribune., 1920-05-20
The Dollar in Foreign Exchange

Sterling was shade easier yester-
day, and French and Belgian francs,
after rising, reacted and showed a
slight loss for the day. Lire, however,
retained small gains, and marks climbed
up to PIG cents, the highest level since
the break last February.
Yesterdays closing rates, compared
with those Of a week ago, follow:
(Quoted dollars to the pound.)
New-York tribune., 1920-05-20
The Break in Steel Common

The break yesterday in United States
Steel common Of 4 points gross and 37s
points not was one of the most dis
conccrti.g features of the whole mar
i:et. .it 10 time during the stock
market session was there any impor-
tant rally in this issue and its low of
90M was exactly 2 points under the
previous low OF the year made in
February. The decline was also the
greatest that has taken place in the
stock this year. The nearest approach
was on February 10 and February "a
on both OF which days thore was net
loss o o7s points. The selling, accord
ing to brokerage opinion, represented
for the most part real liquidation al
though traders, noting the trend OF the
market aided the deciinc by putting
out the short lines Of the stock.
New-York tribune., 1920-05-20
Money and Credit

1t is still too early to find a refiec-
tion Of the nationwide liquidation of
goods and commodities now going on
IN the call money market, although
rates are now relatively easier. Com
mercial borrowings must undergo
greater curtailment before money for
Wall Street purposes will be offered
on time, and time money is still
scarce. Call money renewed at per
cent and at the close was 6 per cent.
Yester- Year
Call money. day. aro.
On mixed collateral. 7 6
On industl collateral. ca
Time money (mixed collateraD:
Sixty days........... 8NS1a 5atG6
Ninety days..... SQ0S1a 5% as
Four months ...... S0S1s 5A06
Four to six months. SM81a 5% M6
Bank clearings in New York yestcr-
day were:
Exchanges. Balances.
New York;. S749,52O,759 s77,768, $50
Silver-London, 5SAd; New York.
99%Ac; Mexican dollars, 76Ac
Sub-Treasury-U United States Federal
Reserve credit balance, s66,319,o44.
Canadian Exchange-New York funds
in Montreal, S11562l3 premium per ST.
600. Montreal funds in New York,
Sl03.64 discount per $1,000.
New-York tribune., 1920-05-20
+Ex dividend.

posal to change the name of the COM
pany to the Continental Paper and Bag
Mills was also approved
New-York tribune., 1920-05-20
Dividends
Extras

National Transit Companv-An ertra
dividend Of so cents a share has been de-
clared in addition to tho regular semi
payable June 10 to stockholders of record
Nay 20.
Regular Declarations
New-York tribune., 1920-05-20
London Money Market

LONDON, May 19-Bar silver, 5sAc
per ounce; bar gold, 1O8s Sd; money
ga per cent; discount rates, short ane
three months bills, 6s4 @6 1916 per
cent; gold premium at Lisbon, lao.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-05-06
DFDAUBRE SENATE
V0TESFl)R|SUFFRAGE
~ -
ction Reyiyes Hope Of Rat
ificaHon in That
State.

M L Il. Nay Suffrage was
ri ia DSiaware yesterday when
stSts senate passed a ratification
IiI|. n u s.
fisr = 3scting q substitute offered
Y scIlafor Gormley. De.ocrat. OF
e ,iiston. providing for a referen-
{ t. .|.< 'sfe ~ rlext. election on the SUD
ii f6s Senate adopted the resolu-
=. ~ 6f Senator Walker. Republican,
~ lfeWcastIe, county, ratifytng me
! a Anthony Suffrage amend
sE,ators Palmer and Brown both OF
: \ ,;eTS cTnnty. were the only RepupD-
4 10 voted against ratification,
{ .''IiIn senator Price Of Smyrna, hent
1th1fy, vas the only Democrat to sup
Z tofk the resolution.
& Tho vote follows:
s + nj ratf ION Senators Robert
Z .t7 ElaghfieldS Walker Richards FOOL;
Ilise. Handy Bennett, Long ana
+ m dent BRO tenn Short, Republicans
ID Price, Democrat-u.
rainst Senators G0rmley.. Latta;;
f|6Iietf and Murphy. Democrats. anu
4 4 6Hli and Palmer Republicans,
announcement Of the vote IN tne
8ifate was the signal TOR v1olent
F. Il ffrage demonstration. Flowers Were
"a keds about and Senator'S were COIL
( Sraknlated on their action amid NOISY
ijoser ii soothing WITH rumors and
Suteuiation as to what the House VIII
Z n With the Senate resolution. Ihg
4 |oliSe at the beg ginning u the specia'
Sion turned down It's own ratl l..
81 resolution by large majority.
H,,fffakisfs claim that during the
E6Ess which was taken two weeks
= "a and which came to an end when
II. s iserisIature met yesterday they
q, / a SrSiiied enough converts to put
4 + 1siek tie Senate resolution. The
B s8iiilke majority for suffrage. 1t is
.|fiffd otif As larger than even the
oosf optimistic suffragists expected
before the recess was taken. The
8 AIM Is made that the legislators when
& d, 6y visited their home districts again
{ I6.iiid 4 Sentiment for suffrage strong
than they had expected Further,
y RS Seffcct ~ the action Ut tho RepuD-
4 Il l;Ih ,Slate Convention, held here Just
More the recess was takn, IN indors
'.tt auffrag. Is claimed to have had
iitisuffragists, on the other hand,
!. their rallgs In the House are UNI
! broken and that the ratification reso,
\ fi Ion cannot possibly pass. Several
S6i6mbers Of the House who. voted
agiinSt the agreement by which
Ii1jofity: of the House pledged them
sl9es agaitst suffrage is still IN eff
Whatever the House will do, the
tifffagists are not losing any time.
fRe numbers OF them were on hand
l6f the vote In the Senate, and it is
id they are going after the House
members with renewed vigor, encour-
ged by gains they claim in the SEN
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-05-06
Radio Music Beats
Tie Carnival Variety

pfTTSBURGH, May 5.-Students of
lie University Of Pittsburgh danced
sfnrday night to the music Of an
orchestral In the Central Building OF
|if& Carnegie Institute Of Technology,
nearly half mile away. The music
was Transmitted by radio, and served
TOT two dances.
Radio students Of the Carnegie In
stifute OF Technology installed trans
6iitfer IN the Central Building, for the
bfilefit OF radio amateurs in the Pitts
D|IrRh district, who have been expert
,Iienfing with the radical transmission
81 music. The music of the Tech
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-05-06
tBY coNpol

dance was reproduced at Pitt with the
aid OF magnovox, an instrument for
magnifying the sound from a radio
receiver. Pitt students described the
music as being "far better than dane.
ing to gramaphone. The only i'm
perfect feature of the reproduction
was that the sound Of the drums was
not transmitted.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-05-06

Enough to Make One Sick,
whats the matter, old top? You
1--WE just undergone serious oper.
alton"
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-05-06
Your Opportunity to Save 10 to
2O% on Mems & Women's Shoes


the o
Wllsho artcuar
40 9u
known only n
cannot watch 1f