davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1920-12-18
HOOVER STRONG ADVOCATE.
OF FOREIGN TRADE AGENCY
Declares Action Will Be Milestone IN Development
of Organized Cooperation OF AA
Necessary Elements.

That Herbert Hoover is staunch
advocate of the Foreign Trade Cor
poration which was recently formed
in Chicago is indicated in the fol-
lowing extract from his address.
delivered before that body in Chi
cage on December 10:
This conference represents the
first practical economic conference
in. any country since the armistice.
Yours is based on finding actual
money and machinery for interna-
tional trade The others have found
only good, resolutions.
Our farmers are suffering great
losses and our workman great un-
employment. It is due to a con-
siderable degree to the stagnation
in orders for our export surplus.
From this stagnation the consuming
power of our home market Is re-
duced and the effects cumulate
upon us. Surely today with these
forces laundering at every door we
can now heed the oft-repeated
warning that our welfare is nc
longer isolated from the welfare OF
the world
would Break Economic Ills.
We must face the issue that the
economic ills we suffer in a large
degree arise from the vicious eco
nomic circles that can be broken
in one way only. That is by the
establishment of credits abroad, not
the dangerous shoft time credits
in which We are already over ex-
tended, but the long time invest
ment in reproductive. enterprise
abroad. The war has brought to
us a great new phenomenon in our
international economic life and that
is that not for a long time to come
and perhaps never again can we
establish our foreign trade upon a
balance intake of commodities as
sisted by minor factors of remit
tance and service. II we would
give full time of the employment
Of our farmers, our laborers and
our business men we must be pre-
pared to invest some part of the
value Of these surplus products
abroad
The social and economic demorali-
Zation of Europe. the shifted eco-
nomic relations within its borders
the slow progress of peace, renders
Europe unable to buy largely today
unless she receives credits of ma
terial and food upon which to re-
build her production and her ex-
ports. Even If we extended these
credits and il upon Europe's recoy-
cry We then attempted to exact the
payment of these sums by the inn
port of commodities we shall in
troduce. a competition with our own
industries that cannot be turned
back by a tariff wall. Furthermore
the war has brought to US. a trans
formation in that We need to nc
longer export commodities in pay
ment of interest or principal from
capital that We borrowed in our
youth. On the other hand we have
to receive vast quantities of imports
The Washington herald., 1920-12-18
GERMANY STAGES
TOY COMEBACK
Import Figures Reveal Acqui.
sition of Half Our Trade,
Predicted Lost.

. A Made in Germany" Santa Claus
will return toS America this Christ
mas and fill almost half as many
stockings as he did in 1914, just be-
fore the world war.
Import figures of the Department
of Commerce disclosed yesterday
this remarkable come back" of
Germany into the American toy
market.
In 1914 Germany imported ST.
71S,S54 worth of toys into the
United States. During the war
Germany, of course, lost her position
of toy leadership in this country.
This year Germany's importatiSns
of toys total S3,so3,4S4, or a gain
within two years after the war
of about SO per cent of the Ameri-
can toy trade 1t was predicted she
had lost entirely.
At the same time Japan has made
great gains in the American toy
market, increasing from importa-
tions of S435,o00 in 1914 to $5,075,-
$50 this year.
The United States continued to
increase its spread of American
toys in foreign fields. In 1914 United
States toy exports were $Sos,12o,
which increased to over S2,o00.00o
in 1s16-about $3,000,000.
The Washington herald., 1920-12-18
DRIVE AT SUGAR
STOCKS FORCES
MARKET DOWN
Effort to Locate Weak
Spots Features Days
Trade i'm New York. Z
SEVEN POINTS LOST
Southern Pacific and Reading
Give Better Tone by 2
Sharp Spurts. ~

NEW YORK. Dec. I5.-once more
the popular pastime OF searching
out the weak spots furnished the
leading feature in stock market or
erations. and the record of the day
shows that the efforts were at
tended by success. While the sugar
issues were the most prominent in
their exhibition OF weakness when
considered as a group. it looked AZ
IL most companies suspected OF hav-
ing large Inventories were made
the subject OF attack.
American Beet Sugar broke more
than seven points, and Cuba Cane
preferred and Punts Allegro were
almost as weak. American Hide g.
Leather preferred sold OF sharply
in response TO gossip concerning tho
status Of dividends. and Sears Roe
buck made new low levels in honor
or assurances regarding the intcE
rity Of the February dividend on
the common stock. Coppers were
under some pressure, although
Cerro de Pasco stood out strongly
in spite of the announcement Of the
new financing. e
The market had its points OF
strength. however, chief among
them being Southern Pacific and a
spurt in Reading. most Of which
was lost later. while Royal Dutch
made a further recovery.
From the standpoint Of influences
ordinarily operative. the sharp rise
in sterling was easily the festuns
The rise carried sterling up 20 s3.kS
with a fractional recession Later.
The strength was explained by de-
mand for sterling drafts to meet
year end remittsnces TO English in
vestors owning American securities.
Among the dividends passed TODAY
were the regular quarterly dis
bursement OF 25 cents on the COM
mon stock of the Santa Cecilia
Sugar Corporation and Ia on the
preferred. In the commodity mar
kets wheat and corn showed pro.
Lounced strength. thiie cotton was
easy and lower. Call money ruled
at per cent throughout the DAY.
The Washington herald., 1920-12-18
WHEAT ADVANCES
UNDER GOOD SALE
Corn Market Feature Is Heavy
Purchase BY Armour
& Co.

CHICAGO. Dec. l7.-Grain prices,
led by wheat. showed material ad-
vances today. The market was ac-
tive throughout the dag. Resting
prices showed an advance of L.
to 6 lac for wheat; 2 3-5 to 8 1-Ic
for corn. Il to 3-Sc for oats; 4 1-2
to l-2 for rye and 1-2c for bar
ley. 49,
In. the wheat pit prices advanced
rapidly on buying stimulated by re-
ports from Washington that a duty
should be placed on wheat and -four.
heavy export sales and strength in
corn. Great Britain was in the
market for large amounts and local
cash interests bought literally.
Traders predicted buying would
continue on a large scale. regard
less of offerings of Argentine wheat.
Milling demand was moderate.
The corn market was featured by
heavy buying by Armour. estimated
all the way from 100000 to g.
| 000.000 bushels. Most of the corn
was bought from locals. No special
reason was given for the buying
movement. but II was assumed that
| shorts covered on a large scale,
Traders agreed the export situation
| was improving. Cash corn ruled
| steady to 1c higher.
Oats advanced and held all gains
to the close.
| Strength in corn stimulated oats
Brokers acting for Armour were
active buyers. Receipts continued
light.
| Packers gave the provision mar.
ket support and high prices for the
week were scored. Pork finished 400
higher: lard was up 20 to '25c and
ribs were 10 to 22c higher. Hogs
| were 10 to 20c higher at the yards
The Washington herald., 1920-12-18
Strong Foreign Demand
Evidenced in Wheat

In their daily wheat letter, issued
at the close of yesterdays market
Thomson and McKinnon, brokers,
said in part:
Foreign demand for wheat on q
large scale has again been in evil
dence. The persistent demand in
the face of the iattering news from
Argentina, as to their harvest. i'm
presses the trade considerably. This
condition creates the thought that
Southern hemisphere is not as bright
as has been depicted. Another fea-
ture of Importance is the fact that
the demand extends to shipment as
late as the first of April. There Is
also a brisk export business doing
in rye. 1t is unofficially stated that
the stocks of -four at leading points
are about one-half those existing on
November l., a year ago"
The Washington herald., 1920-12-18

I'm payment of interest and capital
which we have already invested in
Europe.
aIt is far better that these prob
lens be solved by the process. of
business and individual initiative
than that they be, attempted by. our
government We could not enter
rpon investment banking for our
government and under these cir
cumstances foreign merchants and
manufacturers would obtain such
loans as sub-contracts from their
governments at lower rates than
our own merchants and manufac-
turers can obtain at home. Our
government would be subject to
every political pressure that des-
perate foreign statesmen can invent
and their groups of nationals in cur
borders would clamor at the hall of
Congress for special fav6rs to their
mother countries"
Great Need Of Credit Machinery.
Continuing. Mr.. Hooveyssaid: The
world is not alone in need Of credit
machinery. It Is In need. of eco
nomic statesmanship: Before the
foundations for economic recovery
can be laid we must have peace. The
German indemnity must be defin-
itely fixed at an intelligent sum that
will enable Germany's return to
production and commerce. Livable
conditions mast be settled with
Russia
The world must stop this orgy
cf expenditure on armament. Euro
pean governments must cease to
- o.. l.
paper money IL exchange is ever to
be righted. These are indeed no
theories. One instance alone of this
subnormal situation is the effect
on the American hog. the American
farmer is today paying a sacrifice
in every hundred pounds sold be-
cause Germany continues with q
subnormal consumption of fats
"I hope this meeting will result in
the purpose for which you have as
sembled. 1t will be a milestone in
the. development of organized CO.
business, our farmers and our work
ing community. During the last
twenty-five years we have seen the
extraordinary growth of great ma
tional associations in our country
of special classes, banks, merchants,
employers. labor and farmers. II
these powerful national associations
are to develop into claimants for
special favor in the community and
into great conflict with each other
the whole fabric of our national life
will be destroyed. II. on the othei
hand. they develop as the instru-
mentalities of public service, Of ef.
fective cooperation between group:
we will have entered upon q new
economic era. We will have solved
the iIis-of- the economic system oi
the last century in the only fashion
that democracy can solve III
troubles and that is by initiative BY
the individual and by a sense o.
service to the community as
whole"
The Washington herald., 1920-12-18
PORK PRICES REMAIN
h RELATIVELY STEADY
Quotations Drop 40S in the Last Ten
Weeks; Production Loses, Con-
sumption Gains.

The OF hogs has
portion of In
fe weeks but this has been than offset
during November The price Chicago of per
pounds drop the middle OF
septem6er Hogs now selling lower than time since
drop the price of although the
whether have followed pork than the
Hogs arc the chief of
marketed pork
the total number of hogs the
decrease of from the number before More
indicate that the number farms has not increased fast
this On October the showed that the
number the farms about less than
II this percentage should hold the
the would about less hogs than the
beginning OF
of hogs killed under Federal during
months of show about less than those
killed in the months last
The following table gives OF tho important
months of the last three
the hogs killed under Federal
only According the of the hogs killed under
amounted $3.50 OF the total number
killed in the country
THE PORK SITUATION
The Washington herald., 1920-12-18
WALL STREET GOSSIP.

NEW YORK, Dec. 17.-Marine in
terests here believe that shipping
conditions have become as bad as
is possible and any change must
be for the better. There Is a re-
port in these circles that immedi-
ately after President-elect Hard
ing's Inauguration Legislation will
be passed by the Congress abolish
ing the United States Shipping
Board. This report has it that the
once of Secretary of Merchant Ma
rine will be created. the occupant
to have a place in the Cabinet. The
commissioner. according to this re-
port, will be the head of a COM
mission with practically the same
relative power over the American
merchant marine that the Interstate
Commerce Commission has over the
railroads. UnquestionablS. bankers
interested in marine stocks would
rejoice, at such development.
Action in the House at Washing
ton yesterday on the measure to
revive the War Finance Corpora
tion, which eliminated the second
clause of the Senate resolution,
made a distinctly favorable i'm
preston upon the banking element
Under this clause of the resolution
tile Federal Reserve system would
have been called upon to grant lib
eral credits to the agricultural in
terests."
The Washington herald., 1920-12-18
Call Money Reneus
At z Per Cent Rate

NEW YORK Dec. 1.-THE none
tary situation was unchanged to-
day at the Z per cent call figure
Offerings were in excess of the de-
mand. Offerings of time money were
still negligible. Rates are nominal
at 71zaT4 with an occasional re-
newal at the lower figure.
Prime bank acceptances were
auiet at unchanged quotations.
Mercantile discounts were unaltered
at per cent minimum on a light
volume of business.
The Washington herald., 1920-12-18
THE PORK SITUATION
(Ai weights in thousands Of pounds. omittcd)


months of this about pounds less than last
Exports little half and nearly
pounds than 1913 of fact this
the level OF those and 1916 when had
much smaller number of hogs.
apparent consumption Federal inspected pork is much
larger in During the months OF
have apparently consumed 4ISoo pounds 7ooooOoO
the before
Whether actually consuming pork whether only
inspected slaughter
not be
will be possible calculate the ratio OF country
slaughter and this by
periods throw light the relation OF these
two factors
The fact of significance the heavy drop in exports In
TO only OF our
production.
The following table OF the monthly
by producers fer hogs the last
1913 price paid the Chicago at
middle of each month of this
The Washington herald., 1920-12-18
Foreign Inquiries
Influence Corn Market

In their daily corn letter. issued
at the close of yesterdays market.
Thomson & McKinnon said, in part:
The consistent and imperative
foreign demand for wheat and rye,
likewise the appearance of foreign
inquiries for corn, have influenced
the corn market 1t cannot be said
that new demand has broadened to
any great extent, but less is heard
of the surplus as estimated by the
government"
The Washington herald., 1920-12-18

in hog products and grain, lifted
cottonseed oil values. Spot.
SS.75a9.25: crude CsoutheasD. $500.
Sales. futures: January. SS.S5as.oO:
February. sSSSae.l0; March. ss.2la
s.25: April. s9.22as.26: May. Ss.5Ia
s.s4: June. sS.5Oas.e5:: July, Ss.6sa
975: December, SS.75.
The Washington herald., 1920-12-18
COTTONSEED OIL.

NEW YORK. Dec. 1.-THE cot
tonseed oil market was steady to-
day. In the morning demand from
shorts and commission houses. in
spired by the better showing
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1920-01-29
Every Bout-a-Battle Card
Billed for Crystal Pool

Louie Leonard. Seattle. vs.. Frank
Pete. Seattle. les pounds.
To Heinie Schuman and Puggy
Morton goes the honor OF topping
this card Piggy - one OF the
bouncing. snappy hitting kind OF box.
erH. similar to Shadow Duffy in his
actions. lie Is well nigh as clever as
the Shadow at that Around salt
Lake. where he has met Harvey
Thorpe and host OF llghtwcights
just as good. PugEy Is considered a
bear cat. He recently whipped
frankie Farren in a ioround so at
Portland
feinie Schuman. the fighting ma
rinc. managed by Eddie Marion. also
an marine. il two-fisted boy who
has shown everything TO fans of TIA
coma and Seattle lie viii care for
his end.
a match for either Jimmy Storey
or Harry Casey is being sought TO
round out the card.
Tommy Woodhouse and Harry
Gillum. Harry having earned his bout
by dropping Philadelphia Al Baker
in his bout last week. promise an
other hot one.
There is nothing so slow about
either OF the preliminaries. either.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1920-01-29
Zimmerman Boys Have Real Dad;
He's Minister and Sport Fan

Every time that Earl or Neal zim.
norman steps into the ring before
home town fans. 40 Portland. ore.
the Rev Zimmerman is there. He's
their daddy
lie sits in the SONS corner. He
swings the towel between rounds
Rev. T.. e. Zimmerman is an NJ T..
pastor at Portland.
Sunday finds him In his pulpit,
putting the old fight into his sermon.
Earl and Neal. two sons. are regu.
lar Sunday church goors. and they
pass the silver tray. No one could
tell that either OF the two boys was
"A fighter In the pro ring.
Tho father favors all kinds OF
sport. he Is o real guy thru and thru.
Football is great game. but they
carry en- out too often to suit me. "
he said.
baseball. that's the game OF
games. could SIT All day and watch
them"
Neal Zimmerman is IS years OF
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1920-01-29
MCCORMICK
VICTOR OVER
CAPT. ROPER

PORTLAND, Jan. 2e.-Boy Nc
Cormlck. light heavyweight cham.
pion OF England won the decision
over Capt. Roper, Chicogo heavy.
weight. and American army cham.
pion, at tho Milwaukee Arena last
night.
The tenround battle was all Me.
Cormick's. Ropcr's ability TO asslmi.
late punishment carried him thru TO
the final gong
Tho six-round draw between Lack.
oy Morrow. OF Tacoma, and Mel
zimmerman. OF Portland, was the
best fight OF tho smoker The ten.
round mill between Harry Pclsingcr.
Of san Francisco. and Earl Baird, OF
Seattle, was "a draw. Tommy Hays.
OF san Francisco. and Mike Pete. OF
Seattle. drew.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1920-01-29
NO MORE 10-R0UND
BOUTS AT Preside

SAN FRANCISCO, Jan 29.-No
more 1O-round fights here
Boxing enthusiasts were gloomy
today over the order of Brigadier
General Blatchford putting a stop to
lOround bouts AZ the preside. The
commanding officer. contending long
distance matches were In violation OF
the state boxing law even II they
were staged on government rcser.
walton. declared he no longer would
sanction fights Of more than four
rounds.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1920-01-29
HOW THEY SIZE UP

doughboy who has had n taste OF Il
knows that the vitcim does not over.
come the effect Of a good dose OF poi
son In a year. or even more. Cad
dock said today he had taken the
outdoor euro, and felt no M effects
from II In several bouts since he was
discharged. But it may rise up and
slap him in tho face. SO to speak. II
Stecher gets one OF His body scissors
holds around his chest.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1920-01-29
Caddock Will Defend Mat
Title in Gotham Friday
War Vet to Meet SteCher in
Big Wrestling Mix
by HENRY FARRELL

Omitted Press STAFF Correspondent
NEW YORK. Jan. 2e.-war whip.
pod a lot OF good boys. but 1t didn
slow up Georges Carpenter
what did q do 70 scrgt Earl Cad.
Dock Did Il sap his strength. un'
dormino his vitality and smother his
lungs. or did Il make him stronger,
more vigorous and hardy
The spotlight focuses tomorrow
night on Madison Square Garden.
where Caddock and Joe Stcchcr are
to Erapplc. Interest Is general on
the outcome, not only because tho
worlds wrestling championship IS at
stake. but because It will furnish mo.
terial for theorists. who have been
swapping opinions on the wars cf-
feet on athletes
Caddock threw Stecher in 1917 and
won the worlds championship title.
Since that time. however. he has
gone thru n war, he has done a hitch
at tho front, lived IN the trenches.
slept in the mud and water. ate OF
army chow that he claims didn't
"hi'' WIN H''i'' an" i4i'A9 N"H
gasscd la the Argonnc. Stccher did
his bit" In the navy. and didn't have
such a strenuous time.
Opinion IS running 10 the belief
that 1t viii he n question OF physical
ability and endurance, and In this re.
spect the talent IL inclined To favor
Stecher by shade on the foregoing
grounds.
Caddock looks ut and pronounccs
himself in perfect condition. But
weak spots under the hide my crop
out when he goes into n titanic
fight 81 hours. where every nerve
every muscle and fiber IL taxed to
the utmost. Then there is the effect
Of the CASING to consider Any
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1920-01-29

Staples started easily and then
spccticd up az the end % tho first
lap took the lead kept 49, ami
turned in winner without much % "A
struggle T.. J ponahuc came IN
second and & Hiorstad finished
third. y = Nichols had a hard
time keeping away from the bar
ricrs after making the turns and
was doing a lot % skating sitting
down lie didn't finish.
Tho Arena course d. short and
there isn't much straight away. and
unless the racers can make the turns
the going is paved with skiddlnE
The feature race Of tho night was
the second hrat Oniy two racers
of the five entered finished and II
was neat finish that put the fans
on their toes Towey swep; into
the lead right or the bat but Me
klnley was on his heels al the way.
Al the end % the third lap Mckin.
ley frli az a turn and Tuwey gained
a hall a lap and started 20 take
things easy Mckinley Kept coming
and rowc, loafrd on the Job Until
the last lap. just as the pair were
starting ON the a,g time around.
Tow~y happened 90 glance over bio
shoulder and there was wild Hiil"
right on his heels
Tovey sprinted and niil Kept up
the pace until tho last couple 81
yards and then the grind told and
rowty flashed across winner
Eric Llndroth. G. l.. Lyun and G.
W Carlson failed 60 finish
stapl~s made tac fastest t.ur
making tae eight hps ln 8 80. whih
Towcy made them .u etI
Chester Hamilton offlciated a.
starter. Harry Warburton held the
watch. and Royal nrourham Don
Stewart. Bob Cronin and Alex Ross
checked the racers
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1920-01-29
BY LEO III. LASSEN

Ike Staples and j. T. Towey breezed home winners in the
first heats The Stars city ice skating championships
last night between halls az the hockey mix incidentally
Seattle copied the hockey tilt from Vancouver in great
overtime battle the of TO hopping into the lead
the Coast puck when Roy Hickey shot his first goal
of the season
Duane Merrified John H. Feek and j. f. Macmillan failing
to show up They disqualified for the rest of the
Dennis Lewis and f. H. Gerack failed show for the
ond and also disqualified Five faced the starting
f,,.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1920-01-29
I GREAT GAM.
I LAST NIGHT

The final period Of last night
hockey tit brought out some r~a
thrills for the fans Seattle shove
plenty OF fight. and when tho local
knoited up the count In the fins
period. the fans went wild. Rlckrf
was the hero by counting In IN,
overtime period on a rebound sho
from Lehman's legs Riley showed 3
lot OF class and counted on Seattle,
goal. Tohin and Walker annexed IN
other pair skinner counted twlcs
Tor Vancouver. once from the blu.
line. and Roberts netted the Other
counter.