davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-04-30

Liverpool CnbIes~-Spot cotton quiet at
p1lms ndO - ,advance; middling 26.27d sales
~" d,VoV pales 5000 American); imports.
IVY pales 5000 American). Futures opened
quiet. unchanged to 10 points higher
~ Siosed steady. unchanged to is points
hlgher: May. 25,0ld; July. 24s3d: Octo-
per, 24.l4d December. 23.49d January
2S59d Manchester: Yarns and cloths
Evening star., 1920-05-22
GRAIN AND PROVISIONS .
HAVE WEEK OF TURMOIL

CHICAGO. May 22.-Huge breaks in
prices and tremendous pressure -tn-
sell have kept the board of trade In,
nearly constant turmoil this week
Emergency action taken to end !. the
railroad traffic blockade brought about
the severest of the sethacks in Gfafn'
values, but confidence of holders faf
previously been much disturbed ~
general credit tightening and by ess.
tensive price slashing in departrutnt
stores throughout the country. Conf,
pared with week ago. corn quota-'
tions this morning were 49, cents
to 20Is cents lower. oats down -
cents TO rs cents. and provisions nj
so cents to s27s.
Before the downward sweep, q =
prices began in the corn market. -ue.y
top records for the season had been:
reached, largely as a result of seem
ing unlikelihood of immediate relief
from the scantines of grain supplies
at the chief railroad distributing ce,--
ters. Then a meeting of the Unit I'd
States Labor Board in Chicago TO
deal with the switchmans strike
tended somewhat ~ null down Coz.
but the first real crasm Flow -! 'rhss
failure of two Kansas banks burdened
by unwieldy loans on grain. Ensuing
rapid bearish developments were cab
ped by the Interstate Commerce COM
mission putting the railroads back on.
unified working basis.
Oats collapsed with corn
Provisions were depressed by the
..--- -escent OF grain.
Evening star., 1920-05-22
PARAMOUNT INFLUENCES
DEPRESS STOCK MARKET

!sEW YORK, May 22-Paramount in
1nences Of another unsettled week in
fhe stock market embraced the more re-
stricted credit situation, the nation wide
movement against higher prices. freight
congestion and weakness of liberty
bonds on heavy liquidation.
The increased discount rates ordered
by the Federal Reserve Board and the
absolute lack Of time funds at all the
principal financial centers directed re-
newed attention to the scarcity of
money for all but the most essential and
Little improvement was shown by
transportation conditions, but the de-
ciSlon OF the government investing the
interstate Commerce Commission with
almost plenary powers is expected to
bring speedy readjustment in that quar-
ter
Financial interests viewed with salts
faction the extent of the campaign to
debate commodity costs. and local banks
announced their intention to co-operate
with officials of the central bank Re-
cent liquidation of securities in this
market has already aided materially, it
is claimed, toward restoring normal
credit conditions.
The many interesting domestic deyel-
opments of the week diverted attention
from international affairs, including the
foreign exchange market. Reports were
again current OF additional gold imports
from London. but the local sterling rate.
usually barometer Of such movements.
was not materially altered. The only
noteworthy feature of the foreign remit
1 tance market was the strength of Ger
man marks. which approximated 81.
cents. as against February's low price
OF l cent.
Evening star., 1920-05-22
JAPAN NOT T0DRAW
ON GOLD IN THE j. S.
Action Not Necessary to
Handle Unsettled Economic
Conditions in Country.

TOXIC. May 81 (by the Associated
Press).-Inquiry among leading fnan-
ciers here today elected the decIara
ton that despite present unsettled
economic conditions in this country
japan would not be obliged to with
draw gold held in America. This gold
is largely invested in American bonds
and Is earning interest. and. more
over, Japan has more gold at home
than she needs.
with the uneasy situation contin
uing. the opinion was expressed that
1t was too early to declare economl.
maladies fnJapan ended. but finan-
clers were convinced they were being
held we'll in hand. This is being done
through continuing aid to the stock mar
Ket oy syndicate banks. to which the
BANK OF japan has advanced 40. 900 OOt
yen. Sugar industries are being simi
larly assisted. Financiers also pointed
out that as foreign investments in
Japan are slight, any withdrawal OF
tnem through fear of Japanese in
;tanlilty would not affect the situa-
tion. which is capable of direction by
! the japanese themselves through CO.
operative sacrifice.
Cause Of Disturbance.
Investigation demonstrates the dis
ated by abnormal wartime prosperity
over production and the birth OF
bubble companies" in which those
VINO nave recently acquired riches in
vested heavily. Declines in exports
and the feverish natio0ll desire to
amass quick fortunes also contribut
ed. An Illustration may be found in
the shipbuilding trade, which pro-
duced many war millionaires The
recent depression and decline of de-
| mand has forced many yards to close
and others are unable to secure loans
to repair or complete ships under con-
struction. the money stringency
threatening bankruptcy.
The construction of vessels here by
| the United States Shipping Board will
enable yards to continue operation
but the last ships soon will be COM
pleted. and thus a buoyant factor will
be removed.
Markets Fall on.
The stock market and the raw silk
exchange at Yokohama are weaker
and the cotton yarn market has fallen
OF. not a single bid being forthcom-
ing for May accounts. The metals
market is weak and stagnant and
rubber quotations have fallen on re-
alizing sales by small holders.
On the other hand, the cost of liv-
ing has sharply advanced and tight
OF manufacturing. Weaving and
spinning have been hit particularly
and all weaving factories have been
closed since April to prevent accumu-
lation of goods and depreciation OF
prices. AS result large number OF
operatives are idle. About ter
small banks in Osaka and other cities
have suspended payment, but larger
institutions have CONG. to the rescue.
Evening star., 1920-05-22
BONDS T0BE ISSUED
BYP.E.P. COMPANY
Order Permitting Reimburse
ment of Treasury Granted
by Utilities Commission.
BY L. 4. FLEMING.

Permission has been given the Po-
tomac Electric Power Company by
the Utilities Commission, to issue
s1.130.000 of general mortgage per
cent bonds. the same being the un-
issued portion of the original issue OF
S5.000000 authorized by the commits
sion some years ago.
The issue bears date as of July |
1918, and has five years to maturity
from date.
In granting permission the commits
sion declared that lin its opinion the
issue was necessary to and reasonably
required by said company for certain
extensions. additions and betterments
to its property and equipments. as
shown by schedules accompanying
the application for the right to issue.
March 3. 1920"
The commission further explained
that it was simply a matter of reim-
bursting the corporation for improve
ments made. including. among others
the new power station at 10th street
between f and F. and the laying of
additional conduit lines from the Ben
ming power plant.
Today's session of the local stock
exchange was productive of but one
transaction. a sale of Capital Trac-
tion shares at "a Il, the previous low
on the stock.
New York Working for Safety.
From New York come reports of a
general awakening of the business in
terestS of the city against the rule
or ruin order of the men who do the
loading and unloading of great ocean
steamers. The business interests fear
that the city will lose prestige. owing
to the serious dock workers strikes
and the incident hindrance to the
business of the port. and have become
so aroused that they will plan to
save the city from future annoyance
of this kind-in a word fight back.
Evening star., 1920-05-22
LOWER j. S. EXPENSES
URGED BY DAWSON
Declares Condition of Unrest Will
Not Be Remedied by Legis-
Iative Action.

NEW YORK. May 22-Present con-
ditions of unrest and discomfort
throughout the country will not be
remedied by legislative action or ap-
peals to patriotism. Henry p. Dawson
of ]. p. Morgan g. Co. yesterday told
the joint Legislative committee inves-
tigating profiteering.
Mr.. Dawson declared that while
many factors are contributing to
cause high prices and industrial un-
the federal government. states. cities
and individuals and full days work
with fair pay for every one would
produce a marked effect within a brief
time.
1--WE cannot go on this way in a
vicious circle without something hap
pening to correct the present world
disturbance" he said, but whatever
form that corrective something may
take l do not know. If people do not
themselves check this unrest by the
means in the hands of every indivld-
ual then some force in the world will
do So
Mr.. Dawson expressed the opinion il
would be necessary to analyZe indi-
yidual cases to determine whether
there is an unusual profit in business
transactions affecting the cost of
necessarieS. High taxation, he add
ed is, in his opinion, contributing
factor toward high costs. 1T is hu-
man nature to arrange if you honestly
can to let the other fellow pay the
bill and If there is Legislation which
imposes an increased cost upon YOU
in the manufacture of your product
Won nut that on. And | am not sure
hut that in the present phase some have
not added a little for full mea sure
r The cost of necessaries in this coun-
try will increase because much of
Europe is unproductive- he declared.
and the orgy of extravaganza" in the
country also is contributing. He eX-
pressed the opinion that curtailment
of production of non on-essentials and
utilization of the workers in produc-
ing essentials would aid in remedying
conditions.
Evening star., 1920-05-22
BANS ECONOMIC RIVALRY.
French Minister Says Europe's S
Task Compels Coordination

PARIS. May 21.-August Isaac. French
minister OF commerce. in welcoming the
German delegates to the Franco-Ger-
man economic conference. which opened
at the ministry of commerce yesterday
declared the task of restoration which
had been imposed on most of the Euro
pean peoples put in the background all
economic rivalry All efforts, he said
must be co-ordinated to intensity the
worlds production, and to hasten the
return of each nation TO it's pre- war eco
nomic position.
Wilhelm Won Mayer. German charge
d'affalres at Paris. in reply. recalled
that the German government had pro-
posed an exchange of views. and he said
he was happy that the proposition had
been favorably accepted by the French
government.
Evening star., 1920-05-22
TRADE CONDITIONS.

NEW YORK. May 22-The. reaction
from greatly advanced prices. a step
toward deflation. has recently made
such progress in some lines as 10
according to Dunn's Review of busi-
ness conditions. No prediction is
ventured. however. as to the duration
or extent of the readjustment
In discussing the situation the
publication says. in part:
''Tke compelling reasons for the re-
versal of conditions, which is most
sharply defined in retail channels,
have not been of sudden development.
but for some time past have been
manifested in consumers increasing
opposition to the extreme prices. in
the accumulation of some goods. be-
cause of the backward spring season.
and in the financial pressure that has
resulted partly from the serious con-
gestion in transportation, which is
aggravated by the harbor trouble at
New York city.
Contributing causes have appeared
in the narrowing of the disproportion
between merchandise exports and i'm
ports. with resales here of some COM
modities previously taken for foreign
shipment, and the curtailment of
manufacturing from strikes and other
drawbacks has operated to diminish
the public purchasing power"
Bradstreets Review of trade also
says:
Events of the week have been MANY
and various and the word irregular
only family describes the situation
From a merchandising standpoint the
spreading of the cut price idea
throughout the country, heralded. il
must be admitted. by some rather
| hysterical headlines. is easily first
Much is hoped for in the matter OF
reducing stocks, especially of wear
ing apparel, and at the same time
lessening loans, though it must be ad-
mitted that he first effect has been IL
accentuate the quiet in primary and
Jobbing lines which are now largely
!confined to furnishing odd lots of goods
10 swell the volume of retail trading
Not all the markets have Joined in
this retail selling movement to the
same extent and from some of those
which have refra aimed. except in few
special lines. come rather cynical re-
marks as TO the depth and width ot
the cuts made and the possibility oi
replacing the goods sold at the price.
reported paid. No special effort al
cutting of food prices is noted. which
rather throws doubt on the efficac,
of the cuts in reducing living cost
Evening star., 1920-05-22
GERMAN MUST PAY TAX.
Lohr, About to Sail, Halted by
Court Order.

Hans Lohr, Il German citizen, re-
siding in New York. must pay is'in-
come tax of $50 before he may sail'for
Germany Chief Justice Mccoy so
held today when he refused an in
junction to Lohr. who claimed that he
was being prevented by Internal Rev
enue Commissioner Williams from
sailing.
The commissioner raised the point
that the court was without jurisdic-
ton to entertain the bill for injunc-
tion because it was in effect a suit to
enjoin the collection of a federal tax.
The court acquiesced in this view and
dismissed the petition.
Evening star., 1920-05-22
DENIES BRITISH REPORT
ABOUT ARGENTINE TRADE
Dr.. ]. Klein, U. S. Commercial At
/ tache, Disclaims American
p Activity During War.

BUENOS AIRES. May 5 tCorre-
spondence of the Associated Press).-
1t is true that the United States
gained the supremacy of the import
trade of Argentina during the war.
SURPRISING Great Britain. but the
United States has not. as has been
contended by some British interests,
taken this trade from the British
while they were fighting the war. de-
clares DIR. julius Klein. United States
commercial attache in Argentina
He quotes Argentine import sta
tistics to show that Very little Of this
expansion Of Argentine trade with the
United States has been ut the expense
OF the British. On the other hand. he
says. il; has been won from the con
tinental countries Of Europe. especial
Evening star., 1920-05-22
u. S. ECONOMY CAMPAIGN
is NOW FELT BY PARIS

PARIS, May II (by the Associated
Pressl The American ECONOMY
campaign" has made, itself felt in
Paris 1t was learned today that
many buyers who are here on behalf
of large department stores and firms
in the United States have been noti-
fed to reduce their proposed pur-
chases.
1t is said that some of these repre-
sentatives within the last week or
ten days have received cable dis
matches pointing out that the over
all" movement in the United States
has been a great success and that the
whole country has joined in a move
ment to reduce the cost of living.
The eablegrams are further reported
10 have said that as "A result of the
situation American women would not
require expensive gowns. hats. sweat
ers and other wearing apparel. and
that foreign purchases would have to
Evening star., 1920-05-22
Grain, Produce and Live Stock
LOCAL wHoLEsALE MARKEr.

LOCAL WHOLESALE MAAAET.
The wholesale market prices this
morning ranged about as follows:
EGGS-Strictly fresh. IS; average
receipts, a; southern, 45.
LIVE POULTRY-Rooster per h.,
%: turkeys. per lb.. 4ea4s: chickens.
spring. per h.. 70aSe: hens per H.. 3S;
keats. young. per h.. 15aS0.
DRESSED POULTRY-F~sh-k killed
spring chickens. per lb.. s0a1.oO: hens.
per ID. 50: roosters. per lh, IS; tur-
keys. per lb.. 45a50
LIVE STOCk-Calves. per lb.. 15al6;
lambs. 1Sa20: sheep. sale.
GREEN FRUITS-Apples. per bbi..
new. 4ooa1o.5o; boxes. ..5oa42 2s; Cali
fornia lemons, per box. 4.o0a4-5o: pine
apples. s.eoa1 90: Florida oranges, S-00a
900: grapefruit. 5.00a6.50; Strawberries
pint. 20: quart. 35.
VEGETARLES+P Florida.
new, No. l, per bbl., 15.oOa15.5o: do.
No. .. per bbl.. 1..5oa1s.50: western.
oid' per sack, ll.5ea12 nearby. per
basket. 1.5oa4.oo; lima beans. per bas-
ket. Florida. 5.ooa7.5o; eggplant, per
crate. 3.O0a5. 90: cabbage, South Car
DINA, per crate, 3.5oa4.50; beets, south
ern. best. per 100. 10.ooa15.oo; lettuce,
southern. per basket. l.5oa3.eo; nearby
per o, crate at aooasoe; celery. per ao.d doz;. z
onions. s.ooas,oo per s'''1s,''; 100 bunches;
sweet potatoes, 6.ooaS.oo: yams. 4.0oa
500: spinach. per bbl., l.25al.5o; Florida
tomatoes. per crate. 5.o0aS.eo; Texas
onions. per crate. 2.50a3.00: asparagus,
per doz., 1.00a5. 90; peas. 3.00a4.00-
DAIRY MARKET.
BALTIMoRE. Md. May 90 tspecisD
Arrivals by boat: Poultry-Live
chickens. young. large. smooth. lb..
40; do. winter. 81. lbs. and under.
60a65: do. spring. to IL lbs. 70a75.
Old hens over lbs. 40 do, small to
medium, 40: do, white leghorn hens,
80 Old roosters. 22a23. Ducks, mus
pekings. 34a35; do. puddles. 33a34;
do, small, poor, 80. Pigeons. old. pair,
45a50. do. young, 45a50. Guineafowl,
young. each. soc: old. each. so.
Eggs-Western Maryland., nearby;
Virginia. 45; western. 45: West Vir-
ginia. 45; southern, a..
Butter-Creamery western separa-
tor, extras. 62ae3; do. prints. 64a65;
nearby creamery, extras. 59a60; dairy
prints. Maryland. Virginia and Penn
40: rolls Maryland and Pennsylvania.
extras. 4Oa42; West Virginia. extras,
40a42 do, Ohio extras, 40a41. Pro-
cess butter. 52ao4.
NEW YORK, May 22-Butter-
Steady; receipts. 2,620 tubs: creamery
higher than extras, 62a62h; extra (S2
score). 81 u: first tSS to 81 Score)
81 7isa60: packing stock, current make,
No. .. 4011a41.
Eggs-Weak; receipts. 1880 cases;
storage packed. extra firA, 47a47h
do. first. 441aa4Sh; fresh gathered
extra first. 45Ea461a: do. first. Sass
state. Pennsylvania and. nearby west
ern hennery white. firsA to extra, 5ls
So; do. brown extras. 4sa5l: do.
gathered brown andj mixed colors
first to extra. 44a4S1k.
Cheese-Steady; receipts, 216f
boxes: state. whoN milk nats. held
specials, white and colored, 31a3a; do.
average run. 3Qc state, whole milk
fiats. current make, specials. white
and colored. 2sai a2s: do. average run
27a2S
Poultry-Iive. easy; express broil.
ers. 4oasoI fowls, 40: roosters. %
turkeys; 20. Dressed, steady and un-
Evening star., 1920-05-22

ly Germany. or is entirely new busi-
ness created by American enterprise.
DIR. Klein has made an analytical
comparison of the changes in the dis
tribution of Argentine import trade
during the war and since. which was
published today in the Standard.
British newspaper of Buenos Aires.
The statistics show that during the
first nine months of 1919 the United
States supplied 81 per cent of Argen-
tina's imports, compared with IA per
cent in 1913, while Great Britain s
share had fallen from RI per cent 10
Il. and Germanys from 16 per cent
to zero.
Auto Trade New Factor.
In only one instance was there
clear case of transfer of predominance
from British to American interests.
and that was in tin plate.
Clearly new factor in the Argen-
tine market, the commercial attache
points out, is the American automo-
bile trade. In 1915 France, out OF a
total of 1900 cars imported. sent 500.
and the United states. Loo: whereas
in 1917 the total number imported had
risen to 1900. virtually al OF which
came from the United States.
Evening star., 1920-05-22
Italy and Russia Trading.

LONDON, May 21.-According to a
news agency report in Rome the first
exchange of merchandise between Italy
and Russia will occur shortly by way of
the Black sea. says an Exchange Tele
graph dispatch from Rome. The goods
to be sent from Italy, the report says.
will consist of 10000 900 lire worth of
medical supplies TO be exchanged for an
equivalent amount of wheat.
Evening star., 1920-05-22
Quotations for Silver

NEW YORK. May 22-Bar silver,
100S,; Mexican dollars, 76k.
LONDON, May 22.-Bar silver, 59Nd
per ounce.
Money, 5N per cent
Discount rates. short and three
month bills, 13-I6a8n per cent.
Evening star., 1920-05-22
NEW YORK BANK STATEMENT.

NEW YORK. May 22.-The actual
condition of clearing house banks and
trust companies for the week shows
that they hold 37.6s0,350 reserve in
excess of legal requirements. This is
decrease of $21.o61,ss0 from last
week.
Evening star., 1920-05-22

The third annual convention Of the
Michigan Woman's Association of Com
merce will be entertained in Grand
R.nifs during the first week of June
Evening star., 1920-05-22

IL you care to motor out. follow
the road leading to Montgomery
Country Club from Wisconsin Ave.
and bradley Lane. through Bradley
Hills TO the property. 1t is only
short distance.
Evening star., 1920-05-22
Our New Bradley Hills Bungalows

abu hot
water heatan an pnches and large lots
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-09-25
ARGENTINE LABOR IS
VICTORIOUS IN FIGHT

BEUNOS AIR The Argentine
Federation of Labor. championed by
socialist deputies. has just won a VIC
tory In the lower house OF congress by
securing the passage of a law which
prevents the government from expell-
ing foreigners from the country with
out court hearing. The federation
alleged in recent petition to con-
gress that the residence law which
has a provision for the deportation of
undesirables. was being unjustly em-
ployed by the federal police to expel
from the country laborers of foreign
birth who participated in strikes. They
were arbitrarily Judged by the police
to be anarchists, 1t was charged.
The residence law" has now been
amended by the lower house to re-
quire that expulsion can only be de-
creed by federal Judge after trial of
tile person accused. 1t is generally
expected that the bill will also pass
the senate.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-09-25
FRENCH COAL SUPPLY
SHOWING IMPROVEMENT

PARIS-Gradual improvement in
Frances coal production. shown in
figures brought out in the Chamber of
Deputies. is giving comfort to econo-
mists but is not counted upon to re-
licve the chillincss of homes or mark
edy affect factories for some time.
Tho mines damaged by the German
invasion are slowly being put in shape
and It is expected that they will pro-
duct 100000 tons monthly by the end
of the year, If all goes well. This
would be half of pre-war production.
1t was admitted the normal rate would
not be reached for some years.
Difficulties III pumping out flooded
mines and repairing dynamited shafts
have proved the chief obstacles. Or
ders for machinery are excepted only
for delivery. in from. four months to
four years.
Belgian firms finally have been en-
gagged to aid in the reconstruction
work after negotiations with Germans
allied.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-09-25
FOREIGN TRADE WILL
NEED SOME FINANCING

NEW YORK.--The organization OF
a foreign trade financing corporation
on lines indorsed by the American
Bankers Association and the selection
of John McHugh, New York banker.
as chairman of the board Of directors
Of the corporation. are urged by the
Administrative Committee of the Am
erican Bankers Association in reso-
luton made public today.
The purpose of this corporation will
bp to maintain and develop foreign
markets fer American products, ac-
cording to a statement issued here by
William f. Collins. secretary of the
Associations Commerce and Marine
committee, of which Mr.. McHugh is
chairman.
With amply sufficient resources
and an efficient personnel, the state
ment continued, it is planed to enlist
cooperation on wide and effective
scale by banks of the couptry, ex-
porters and importers. manufacturers
and producers generally.
The capitalization of the proposed
corporation mabe be 100000 900, il
was said and the,tentative date for its
orga anization is January /. 1921.
Representation on the board of di-
rectors, the statement added, will re-
feet stock subscriptions in the various
sections of the country: and the cor
ooration will give the Foreign trade in
erests of the different sections atten7
ion proportionate to their absorption
IF the corporations dementures.
The personnel of the board of di- |
ectors and officers Of the corporation |
will not be announced until Mr. Nc
sugh returns from Europe.