davidaulloa/AmericanStories huggingface dataset:
Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1920-05-28
ARRIVE DToDAY

F1HNA<s Z ? I SEI9FAA
The first shipment OF Vudor
Porch Shades reached Rich
mond Friday morning, and
will be OH display at our
store Saturday. The Vudor
is in a class all its own
come in and see them.
Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1920-05-28
TRAFFIC
HEAVY IN The CITY

Transfer men and drivers Of pas
senger vehicles report they are busy
as can be and sometimes two trips
are necessary to the L. G, n depot, es-
pecially to accommodate the passen-
gers from the midnight train from
Cincinnati. Last midnight, Gust tc
see for himself" a Daily Register re
porter went to the depot
Arrival OF the train at 1908, buses
were unable to cope with the crowd OF
passengers. "Let the ladies anc
children ride, and the rest walk" sale
a portly man. "Look ahere," demand
ed red-faced young traveller, LOADED
Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1920-05-28

down with overcoat, suit case and
travelling bags as he approached the
driver Of one bus, "What We think Pm
goin' to do with all this stuff, court it
all night"
Gust wait few minutes and I'll be
right back after you gentlemen" was
the pleasing response from the driver,
and he was true to his word. He soon
returned and was rewarded with an
other big load, two Of the Ladies' be-
ing unable to "go the first round, "
waiting patiently with the rest.
Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1920-05-28

Riley Lowe, and Robert Edwards,
living near Winchester are suffering
from broken arms resulting from
fall. They are neighbors.
Philadelphia has dropped spelling
books, nothing like that when we went
to school.
Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1920-05-28

All preparations have been made for
the old fiddlers tonight at the State
Normal.
Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1920-05-28

Mr.. Tom Hart and Mrs. James
West, of Lancaster were. recent visi=
tors here.
Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1920-05-28
His Faithful Friend.

Louisville, Ky.-Although his family
owns three automobiles, Acting Mayor
Kirwan Of Louisville sticks to his
horse and buggy. Kirwan says: when
/ start any place / want to know that
am going to get back. and that's why
/ am cured of automobiles" The city
has big auto for its mayor, but Kirs
wan never uses It, Il
The Washington herald., 1920-07-29
COTTON MARKET.

New York, July authorizations
in the cotton market were decide dedly
irregular today. Trading was con-
fused One of the features Was
weakness in October. The market
opened firm. unchanged to IL points
higher. In the absence of important
pressure the list ruled very steady
right after the start. prices selling
to a net advance Of 16a25 points.
Favorable crop news soon caused a
renewal of selling and about a dozen
points of the early gains were lost.
Later in the forenoon October show
ed considerable weakness, while
later positions ruled steady. Fol-
lowing the publication Of the week
ly weather report the market dis
played weakness, showing losses of
s to SO points under the previous
close. Late months held relatively
strong toward the close on further
undoing of spreads. Closing prices
were firm at a net decline Of 10
points to an advance OF IS points
Spot at New York was quiet and
unchanged at 4Oc for middling
There were no sales.
Spot at New Orleans 4 &c lower al
80 isc for middilng. The sales were
$50 bales.
The Washington herald., 1920-07-29
MONEY.

New York. July 2s.-In banking
circles the Identity OF the interest
TO whom the reported S3.20O,O0O
coming in on the Philadelphia has
not been disclosed, but the impress
sion prevails that the gold really
originated in London and that the
Philadelphia merely called at Cher
bourg. - Further shipments are eN-
pected owing to the heaviness OF
sterling and a great mass Of cotton
and grain bills is expected to be in
the market next month.
Money brokers reported a fair
supplv of call funds available at 8
per cent but there was no indtca-
tion Of the slightest relaxation in
time funds which are 9 per cent
bid with little or no money avail
able.
In prime mercantile paper the
minimum discount figure is pei
cent for choice material with ar
occasional transaction at Sh per
cent. Collections are reported fair
to slow"
In prime bank acceptances the
situation is unaltered as to condi-
tions and rates.
Money on call opened s, high 8,
low 7, closed 7. ruling rate I pei
cent.
The Washington herald., 1920-07-29
WAGE AWARD
NEARLY READY
Anthracite Commission 10
Make Decision Known
In Few Weeks.

The Anthracite Coal Commission
probably will return 20 Washing
ton from Scranton the latter part
of the week, review some ststLs-
tics relating to the industry at the
Department Of Labor and the De-
yartment OF Commerce. and then
start Immediately on the prepars-
ton Of its wage award with ref
erence to the demands Of the United
Mine Workers.
Hugh kerwin, chief Of the al
vision Of conciIiation and media
tion OF the Department Of Labor.
declared yesterday that the award
probably will be made public with
! in the next three weeks. The an
thracite commission has rejected the
request Of the labor attorneys that
| it investigate profteering In the
industry, and does not intend to
take up any broader question than
the ability Of the operators TO pay
the increases under confederation
The prospect Of a strike in the
| anthracite regions is not causing
any apprehension here. the chief
trouble now being in the bituminous
fields Of the Middle West. in which
an ugly spirit has developed be-
tween the operators and the miners
as result Of the Illinois strike
The Washington herald., 1920-07-29
THE DOLLAR IN FOREIGN EXCHANGE
tFurni.hed by American seeurity and Trust Company
Security ar
Vests Close
United States Faces Bright Future
As Labor Increases the Output

B. c. Forbes, noted financial and
commercial expert, is most opti-
mistic regarding future conditions
in the United States. The follow
ing are extracts from a recent in
terview with Mr.. Forbes:
Whatever may be thought Of his
recent attitude toward outside la
bor union leaders, L. II. Gary, head
OF the largest industrial enterprise
in the world, is admittedly an ex-
trcmely level-hoaded business eN-
ecutive. And here is how he views
the outlook: Il am more optimts-
tic in regard to the future of this
country than / have been at any
time before during the last six
years" He also says: Somewhat
to my surprise. l have, from in
Quiry during the last thirty or forty
days. ascertained that labor at our
various plants Is more efficient per
man than 1t has been at any time
before during the last five years"
Our business body had contracted
swellings which many mistook for
solid, healthy flesh. The swellings
are now disappearing. The process
is more or less painful. But 1t is
salutary. Our business body is get
ting back into more normal condi-
ton. Its leaner look means that
it is in better trim. Danger of an
apoplectic stroke, which was very
real six months ago, is diminishing
More Production VIII Reduce the
Cost Of Living.
Any attempt to analyze the gen.
eral industrial and business trend
must give enormous weight to this
changed attitude and conduct or
the part of labor. especially as the
| Improvement is likely to becom,
more marked and more widespread
Labor enters so heavily into cost:
that any substantial increase In
production, per unit of labor mus
mean a material reduction in tn,
ne.essaries of life, thus easing con.
ditions for all without in any way
injuring profits.
| The ideal agricultural weathe
has lately added billions to Ameri
cas- wealth. The total value o.
farm products this year should ex
ceed $4,000, 100000. even wer
prices for the principal crops to de.
cline moderately, as they probabl,
will. The fall in wheat to abou
Is2.50 a bushel is more logical thar
a rise in July cotton to a new max
The Washington herald., 1920-07-29
GRAIN MARKET.

Chicago, July 2S.-Wheat showed
slight recovery near the, finish,
and corn closed at the top.
December wheat was u to u
cents lower and March " higher.
There was an advance of 3 to S
cents in early trading, caused by
export demand. Cash houses were
principal buyers.
Corn closed 3 to 81 cents higher.
A good upturn was noticed in the
early selling, but the market later
experienced difficulty in maintain
ing the advance.
Oats were III to 2Is cents higher
The principal factors in bringing
this about were the heavy Eastern
buying and general Improvement in
other grains. Elevator interests ant
houses with Eastern interests were
heavy buyers.
Rye was unchanged to 4 cent.
lower and barley Y cent higher t.
. N cents lower.
The Washington herald., 1920-07-29
COL. HARPER APPOINTS
ADDITIONAL COMMITTEES

Col. Robert n. Harper. chairms n,
of the American Bankers AssociB-
tion. has announced the appointment
Of five additional committees In con
nection with the convention to be
held in this city from October IS
to 2l. They are as follows: Audit
committee. chairman. II. L. OffutL
jr.. District National Bank: ladies'
committee. chairman, John +. Ccch-
ran, Franklin National Bank: press
committee. chairman. H II. Mckee.
National Capital Bank: street deco
ration and Illuminating committee,
chairman. Ezra Gould. Washington
Mechanics Savings Bank and speak
rs committee. chairman. Charles
W Warden. Of the Continental Trust
Company.
Chairmen 0f the above commit
tees reserve the right 20 appoint as
many assistants as they deem neces-
/ ssry.
The Washington herald., 1920-07-29
Accumulated deficit

The table shows a shortage of
l 1-3 times a normal years building.
Other estimates of the housing
shortage, in terms of the number of
houses, have been made. The United
States Forest Service estimates that
the country lacks $4,000 houses.
Other estimates range as high as
S00,0 900 and even 100000 houses.
The wide variation in size and cost
OF houses makes it difficult to define
any standard house as a unit of
measurement. The value of the per-
mits affords more satisfactory
measurement of the building short
age.
Adequacy of Raw Materials.
AS already indicated, the raw
materials for building-timber, clay
cement, iron, etc.-are available in
abundance. Unlike the yield OF
agricultural products, the supply OF
these materials may promptly be en-
larged whenever demand calls for
1t. 1t remains to consider whether
the labor and plant capacity are
sufficient to make these materials
Immediately available.
In the lumber industry IL is esti-
iudleo lndl lhcrc is an eACess piAul
capacity of so per cent, with a like
excess capacity in the brick. stone
and cement industries, while the
steel mills could easily expand theiI
output of structural steel through q
curtailment of other products.
Although there Is not an uniim-
tied amount of labor for building
operations the unskilled workers
and even the number of skilled
could be greatly increased IL. th<
demand for buildings should call fol-
them
Reasons for Tardiness in BUILDING
While the general hardness Of
building operations Is in large part
due to hesitation to undertake new
building at current costs and to th,
difficulties of financing such under.
takings. it may be questioned
whether such hesitation is chiefi,
responsible for the marked deciin,
in May as compared with April Of
this year. 1t appears that tn,
The Washington herald., 1920-07-29

transportation tangle is the primary
source of the decline. There is no
general expectation that by post
ponIng new building for a few
months marked savings may be
realised through future declines in
prices. Even should the long-de-
sired definite recession in prices de-
velop there is much ground for the
belief that for some time yet build
ing costs will show at best but
slight decline apart from temporary
fluctuations. 1t is believed by many
that there will be still further ad-
vances in building costs generally.
As for the influence of credit strin-
gency upon building operations,
other lines Of business enterprises
are also affected. most of which
show no such marked decline in ac-
tivity as does the building industry.
In some localities there is a gen.
eral dearth of available building
materials. In some localities one or
another material may be found in
sufficient quantities for the imme-
diate needs of building in hand, but
other equally essential materials are
lacking and, in consequence, opera
tions are as effectively suspended as
IL all the supplies were lacking.
Brick, for example, is available
where there Is no cement. On the
other hand certain lumber mills are
idle because they are not able to
move their product.
1t seems that the urgency of the
need for new building would war
rant system of freight priorities
which would serve to increase ac.
tfvity In this essential industry The
problem of priorities, is. of course
very complex one; with so many
essential businesses in need of every
assistance, not one of them can bt
favored directly by freight prefer
ence or Indirectly by embargoes
without, at the same time, handi.
Gaping some other enterprise. But
II any claim for special treatmen,
is warranted under the present con.
ditions apparently building mate
rails are well toward the head Of
the list of commodities for which
such claims may rightly be made.
The Washington herald., 1920-07-29
United States, Like Former Beligerents,
Far Behind in Its Building Operations

the country may be regarded as
fairly representative data: Its sta
tistics do not include construction
for military purposes for which no
permit was required. Such con-
struction can only in part serve
non-military purposes.
- Since the Geological Survey sta
tistics do not show the number of
new houses, but only the value of
the permits it is proper to make al
lowance for changes in prices in
estimating the accumulated short
age of housing as is evidenced by
the permits.
The following table is based upon
the Geological Survey statistics and
purports to show the accumulated
deficit in building construction for
the years 1917 to 1919 inclusive. al
lowance being made for changes in
prices as affecting building costs.
The Washington herald., 1920-07-29
ERRATIC TONE.
DURING SESSION
Continuance of Rally Begun
Yesterday Conspicuous
At Opening.
BREAK COMES AT NOON
Downward Trend Irregular,
Due to Profit Taking
And Liquidation.
BREAK COMES AT NOON

New York. July 2S.-Stocks were
highly irregular all of today and
closed unsettled. The opening was
strong. with some further advances,
for the rally begun yesterday con-
tinued an hour or more. Then came
a sudden sinking spell, in which U.
5. Steel broke more than point.
selling within a quarter of the low
figure of yesterday. Replogle broke
4 points, carrying Yansdium down
half that much. and Mexican Petro-
lcum and Pan American yielded.
General Motors remained strong.
After this break there was another
recovery. which continued to lose
with some irregularity due to the
proft-taking and liquidation.
Money was renewed at s per cent
officially, but as a matter of fact
funds were hard to get at any price.
The Red menace had as much to
do with the market as the money
situation. for Wall street is begin
ming to take Europe very seriously.
American manufacturers have de-
Neloped good deal OF business with
Poland, for instance. and further
trouble there will make it impossI-
Bile to complete the deals. Besides,
there has been heavy investment by
Americans in German properties.
and IL Germany turns Bolshevistic
these investments may be lost.
There has also been heavy spcCula-
ton in German bonds and German
money, all of which will be infiu-
enced by the developments of the
near future. The United States hav-
ing withdrawn from the foreign sit
uation. American investors have no
recourse but to wait and see what
happens. While they are waiting
the professional sharpshooters
promise to get busy.
Rails as class were steady to-
day. there being no instance OF
special weakness. The most that
happened to Reading was decline
OF l 1-2 points with the whole mar
ket weak. II closed near the bot
tom. but with only a small net loss
American Sugar yielded nearly
points, being weaker than for many
days. Punta Allegro, after early
strength, sold back to the opening
price. Beet Sugar and Cuban Cant
Sugar were steady. Sugar experts
say that the world shortage thi!
year is very large and fully justi'
fes the prices that have been charg
Rumor gained currency that th'
French tobacco deal had reached {
critical stage again. but nothing of
fciaI was forthcoming in regard q
it. The rumor. therefore, had NJ
effect on the stock market.
General Motors.
The theory that the heaviness o
General Motors on Tuesday was TO
short account was strengthened to
day when that stock held rrm II
the face of irregularity elsewhere
steel and General Motors are be
ing watched by the Wall Stree
public because these two issues ar
supposed to represent the sentimen
Of the insiders of the banking world
1t was learned from high au
thority on American Tobacco tods
that the plan of paying the divi
dend next time in scrip has bee1
definitely decided on, although no
officially approved by the director'
The Washington herald., 1920-07-29

The United States, like every
other former belIigerent, is far be-
hind in it's building operations. AL
though the supply of basic raw ma
terials in this country is sufficient
to support the most ambitious
building program here the high cost
of both labor and materials and the
inadequacy of transportation facili-
ties prevent the use of large part
of these materials. This condition
il the most serious factor in re-
tarding the work of meeting the
acute demand for homes and indus
trial structures throughout the
country.
In the absence of complete stalls
tics of building for the entire coun-
try the figures reported by the
United States Geological Survey for
about $50 cities in all sections of
The Washington herald., 1920-07-29
COAL PRIORITY ORDER.

The Interstate Commerce Com
mission announced yesterday that
On July 27 a New England coal pri-
ority order was issued. designed to
give the Northeastern States month
ly shipments of $4,000 net tons
of bituminous coal from mines Of
Pennsylvania, Maryland, West Vir-
ginia and Virginia.
The Washington herald., 1920-07-29
COAL STRIKE BREAKS.

Danville, ILL.,, July 2s.-The first
break in the coal strike that has
seriously threatened the supply
from Central competitive fields
since last Friday came today when
men employed in twelve Illinois
mines returned to work. An increase
CT $2.oo day for top men was the
basis OF settlement that brought
the men back to work. Shipping
mines are still shut down but it is
believed the men returning today
will hasten settlement
The Washington herald., 1920-07-29
ROLL STEEL CONSUMERS
TO PROTEST DECISION

Chicago, July 2S.-Roll steel con-
suners in the Middle West pre-
pared today to protest the decision
Of the Federal Trade Commission
recurring roll steel users to pay
freight charges from the point of
original shipment.
Prepared to show the commission
the ruling will cost them $50, ,000, 900
annually, consumers meeting here
today authorized a committee to
ask the commission for re-
hearing.
Among those attending the ses-
sion was c. H. Harold, Birmingham,
Ala
The Washington herald., 1920-07-29
COLUMBIA CRAPHOPHONE..

New York. July 2S.-The Column
bia Graphophone Manufacturing
Company today declared the regular
quarterly dividend Of s1.75 on pre-
ferred and s.25 a share on common
stock. and the usual quarterly stock
dividend of five shares of common
stock on each 100 shares now held
all payable October / to steckhold.
ers of record September 10.
Announcement was also made
that the company has sold $780,
600 five-year s per cent notes to
banking syndicate.
The Washington herald., 1920-07-29
DAVIDSON FIRM FAILS.

Montreal, July 2S. = Thornton
Davidson & Co. brokers, with Of
fees here and connections In Amer
lean cities. suspended payment here
today. II was said that according g
to arrangements made by bankers,
shareholders will not suffer to any
extent.
The founder of the firm, Thorn
ton Davidson, whose name the firm
bears, was drowned in the Titanic
disaster.
The Washington herald., 1920-07-29
CHANDLER MOTOR.

New York. July 2s.-Chsndler Mo-
tor Car shipments for the week
ending July "a were 7o3 cars, and
a new monthly record will be estab-
lished by July shipments, which
are at a rate well above 5000 per
month. The earnings are estimated
at above $1,000. 900 for the current
month. which will be new high
record for earnings.
The Washington herald., 1920-07-29
AGREE ON WAGE SCALE.

Admiral Benson announced yes
terday that an agreement had been
reached with licensed deck officers
for the coming twelve months son
the present wage scale.
The Washington herald., 1920-07-29

imum, and it will be astonishing il
the latter commodity stays above
forty cents per pound in view of
trade and textile conditions
throughout the world. The virtual
certainty that our vast agricultural
population will be generous spend
ers for many months to come should
restrain pessimists from predicting
the total collapse Of business ac-
tivity.
Plan Better Service from Railroads.
l have taken pains to delve into
the railroad situation, and my
strong conviction is that We are on
the eve OF an Improvement in
| transportation which will astound
| tho country.
This conclusion is based not
| merely en- the satisfaction felt. il
| not always expressed. by the ma
| jority of railway employees over
their new increase in wages. an in
crease which is sure to quicken the
efforts of railway workers quite as
| materially as the efforts of indus
| trial workers have been quickened
by the lessened demand for their
services owing to the slowing down
lOi bhSiiltSs ANbl - NilN ~
| satisfactory increase in freight
rates the most significant factor in
the railway outlook, important
though 1t is.
Financial Conditions show Great
Improvement.
i The banking position is gaining
in strength. The rather rigorous
reductions in inventories insisted
upon by financial lenders, the sue
cessful flotation of quite a numbe'
of bond and stock issues by indus
trial companies, the widespread
abatement of speculation in securi
ties and commodities of all kinds
the cutting down of loans to han
die "unessentials." the eNacting o
very stiff rates for both Wall Stree
and commercial accommodated
and the receipt of numerous ship
ments of gold have all combined 4
reduce the danger Of a monetar!
collapse, and have so fortified ou
banking institutions that the crop
moving ordeal is now faced witt
less misgiving. Whereas our lead
ing bankers were acutely uneas
when the year opened, they nov
: feel that the situation can be KEEP
under control and that the Fedora
| Reserve Board will avoid precipi
: ! tating trouble.
The Washington herald., 1920-07-29

Don't sell your liberty bonds.
If you need funds, 90 to any
bank and secure loan.
The Washington herald., 1920-07-29

Potomsc Electric cons 5ss. 81. 900 AT s214.
Washineton Railway 4 Electric pfd-, at
IS, at IS.
Capital Traction, at say.
The Washington herald., 1920-07-29
Local Securities.
sALEs YESTERDAY,

Washinstoa eeoef uxeAaaga-
nrn'sbsd By haorsead . Elsssa
The Washington herald., 1920-07-29
NATIONAL MARKETS s==-
Active New York Stock Exchange
Liberty BONDS.

FURNISHED MOORHEAD ELMo"D'
(Membors York ExchanGsJ
The Washington herald., 1920-07-29
OTHER UNITED ST.
RAILROAD BONDS

Yssts
hsos-- close.
Atch., Top. Santa Fe gen. 4s, 1925 73A
A,aantic Coast Line Is. J. p. n. reefs,
1890 .,,................,.. s7h
baltimore d Ohio gen As, 1s4s. ...... 58h
Baitimor' Ohio refund 5s. I9s5..... 5s1z
baltimore 4 Ohio cour. 4ns, Is33.... IS
Chesapeake q Ohio COW. SIS, Io46 -. 1871
chesapeake 4 Ohio conv AIS, $780,. 55k
Chiesgo Great Western list 10, 1882. 5lh
Chicago, Mil, ST. Paul cony, 4I1s, 1882 SO
Chicago R. /. Pacific ref. As. 1884 -. CAS-
( Denver Rio Grande LIST ref. As, 1858. A
| delaware Hudson temp. rs, 1880. -. 100
Erie cony. ss, series ID" 1888. ...... 35&
Erie gen. As, 1896 eS............... As
reefs. 1880 ........................ lo1l.
Missouri Pacific gen. Is, 1875. 5lh