davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1920-12-11
IMPORTS PASS EXPORTS
INCUR BUTTER TRADE
Holland, Denmark and Argentina Send Large
Amounts; Britain's Usage Drops.

possesses something like 25oooooo dairy
which there produced pounds OF milk
About nearly pounds of this
used for the manufacture of butter resulting IN total output
about pounds of butter capita year we have not always
seupporns In the last fiscal before the we imported
$4,000 pounds compared exports of 100000 pounds During the
decreased greatly while exports increased
enormously reaching OF 3374oooo pounds IN oISo
calendar imports have been running
s7ooo pounds compared to sosooo pounds in the
period last Exports this have been Iooo pounds
compared to 2676oooo pounds last year
Prior the practically all OF our imports came from
Canada but the receiving much larger
Argentina Netherlands Denmark Neither
dairy products and England has been their chief
In England imported nearly 2oooooooo pounds OF butter
from Denmark alone something half her total imports For
of England has imported only
pounds Denmark less than half the amount brought from
that Reports indicate that the production butter
equeny these seeking outlet tor their product
England reduced largely basis during the
then has continued this substitute much freely
England consumed tons of butter OF which only
home produced In the 10000 home production
remained about the but less than half
Io4I5 England consumed about tons OF
year had increased
which IS manufactured the United Kingdom At
nearly 30 of the edible fats consumed Eng
land from margarine
Outside of has been big increase
Zealand These of their smaller domestic
consumption and cheaper production able to export relatively
large quantities.
The following relation of butter production
and exports these countries for the last available
PRODUCTION AND EXPORTS OF CREAMERY BUTTER.
The Washington herald., 1920-12-11
MARKET SHOWS
RAILS WEAKER
UNDER STRAIN
Feature of Days Trading
Is Acute Lapse i'm Low
Priced Rails.
NEW STEEL LEVEL
Industrials Make Fair Recov-
cry With Oils Leading
Days Reaction.

NEW YORK, Dec. 1O!-About the
only outstanding feature in the
days developments on the stock ex-
change which differentiated them
from those Of other recent sessions.
was the pronounced weakness in the
rails. This was most acute In the
low priced issues, particularly
Southwestern and one or two other
issues Of this class. Chesapeake d
Ohio also was under severe pres
sure.
In all fairness. Il can hardly be
said that the selling of the cheaper
rails was prompted by the dissp-
pointment over their showing as TO
earnings. Certainly this conclusto-
would not apply to and o. Those
who have followed speculative oper-
ations in "the Street" In the last few
months. realize that when indus
trials began to wane in public favor
many brokerage firms began TO call
the attention of their clients to the
possibility Of the low priced rails
Numerous tables Of statistics show
ing prospective earnings, were cir
culated. and there was widespread
absorption of these stocks. The
selling today appeared to be liquida-
ton of these purchases with the
movement led certain firms which
have been most prominent In their
championship OF these securities.
The buying on the break was said
to be particularly good
Steel common made q new low
level in response to the statement
showing a shrinksge OF $4,000 tons
in untitled orders. A big decrease
had been looked for. but the actual
figures surpassed expectations. There
was a fair recovery in the indus
trials along in the afternoon with
the rally led by the oils. Mexican
Petroleum and Texas Company were
the leaders in this movement. Corn
Products came back after a sharp
break in response TO a statement by
its president that present dividends
would be maintained. Commodity
markets were unsettled. particularly
wheat. which broke sharply. Cotton
made an early decline but rallied to-
ward the close II is believed that
! the commodity markets will be Ia
lrcrably affected by the action taken
! by the Senate in reference to reviy-
ing the War Finance Corporation.
a This news did not reach the market
until near the close.
The Washington herald., 1920-12-11
MFADDEN SEEKS
CHANGES TOHELP'
RESERVE SYSTEM
Introduces Bill to Limit
Control of Treasury
Department.
SOON HAVE HEARING
Adjustment of Office of
Comptroller of Currency Is
Called for in Measure.
SOON HAVE HEARING

The elimination OF "the Treasury
domination and control
over the Federal Reserve banking
system" Is proposed in a bill intro
duced yesterday by Louis T. Nc
Fadden, of Pennsylvania. As chair
man of the House Committee on
Banking and Currency, McFadden
gave assurances that hearings on
the proposed changes in the Fed
eral Reserve act would be held in
the near; future. He expressed the
view that 1t should be passed at
the present session of Congress.
This bill proposes to remove the
Secretary of the Treasury from
membership on the Federal Reserve
Board" Mr.. McFadden said in OUT
lining his. plan. 1T calisofor the
abolishment of the Office Of the
Comptroller of the Currency and
provides for the transfer Of all the
duties and functions Of that office
to the Federal Reserve. Board. thus
eliminating completely the Treas
ury Department domination and
control over the Federal Reserve
banking system.
Furthermore. the plan calls for
the construction of a building for
the sole use and purpose of the
Federal Reserve Board and pro-
vides an appropriation Of s2.00o.0o0
to be raised by an assessment on
the twelve regional banks Of the
system, thus providing for a COM
plete physical separation of the
Federal Reserve banking system
from the Treasury Department"
To Bear Own Expenses.
By the provisions of the measure.
the Federal Reserve system shall
pay out of its earnings all Of the
expenses Of the operation Of the sys-
tenn which were formerly paid by
the appropriations of the govern
ment for the expenses OF the comp
troller's office.
TT provides for the payment Of
the earnings Of the Federal Reserve
System of all the salaries and ex-
penses incurred in the examination
of national banks" Mr.. McFadden
said, This expense is now borne by
an assessment levied by the Comp
troller of the Currency on the banks
examined and is based on the
amount of their capital and surplus
accounts. The measure Will also
simplify the examination of banks
in cooperation with the legal re-
uuirements of the present Federal
Reserve system and will avoid much
duplication of authority and effort.
IN short, the bill provides for a
complete separation of the govern
ment from the Federal Reserve
banking system and carries out the
original intention of the trainers of
the Federal Reserve act in 1913. and
is the most important amendment
that has ever been made in the Fed
eral Reserve laws"
The Washington herald., 1920-12-11
(pounds)

indicated
United States this will be slightly less than
will probably about equal about Soooooooo pounds
The amount going storage this has been less than
than 1918 At the peak of the hold
September first we had pounds this year. or about
pounds than the
holdings 1913 storage
has been much less than former From September No
holdings
pounds compared pounds
the before The total holdings November
72Soo pounds compared to Iooz4ooo pounds last
The of butter by the Department
Agriculture on November was 54 cents compared to cents
other farm products including the principal cattle feeds
comparison between certain November farm this and last
given below.
The Washington herald., 1920-12-11
MARKET in GRAIN
FALLSAT CHICAGO
Heavy Selling Starts General
Liquidation and Stop Loss
Orders.

CHICAGO. Dec. 1o.-Prices for
wheat and other grains again
plunged downward here today, fol-
lowing the lead of security mar
kets. Corn and oats were leaders
in the declines and in all markets
there was heavy selling for East
ern account, which started general
liquidation and selling on stop-loss
orders.
Economic conditions tended to re-
strict buying at a time when selling
pressure had increased materially,
and from the low points of the day
there were only moderate recoveries.
Covering and buying against bids
in all pits served to steady the mar
ket after big losses, but failed to
give them any particular rally,
Wheat finished 5x to Sh lower.
Corn was az to Az off, oats dropped
"a to "a cents, and rye was 3Z
to ~ lower. Barley was 2h TO
31s cents lower.
Bull news was not lacking in
wheat. by any means, but there was
no response in the way of buyine
orders. while there was Continued
pressure all through the session,
nipping all rallies as soon as they
started.
Weakness in corn was of the pro-
nounced sort. For some time there
appeared to be little demand. and
with the heavy sales the price
structure crumbled rapidly. Rallies
were feeble, while each selling
movement carried prices a little
lower.
Heavy selling of oats by Wagner
and Armour started oats lower, and
later the weakness in oats and
wheat. coupled yfth a narrow de-
mand, caused big shrinkage in
prices.
In provisions there was a selling
movement started by the precipitate
declines in grains and other COM
uodities.
The Washington herald., 1920-12-11
SDeden Takes Drastic
Action to Avert Crisis

Owing to conditions ruling in the
money market of that country, the
financial council of Sweden recent
ly issued a circular to all Swedish
banks directing them to refuse to
discount drafts or to finance impor-
tations of goods that are not of
necessity, according to a report re-
ceived yesterday by the Department
OF Commerce from Consul Murphy
at Stockholm. The council also di-
rects the discontinuance of the
practice of renewing drafts of ex-
porters drawn against the exporta-
tion of Swedish products.
The Washington herald., 1920-12-11
Volume of Cotton
Trading Declines

In the daily cotton letter issued
al the close of yesterdays market.
Thomson & McKinnon, grain and
cotton brokers, said in part: I'VE
have had a quiet and unintercsting
cotton market. The volume of busi-
ness has declined to moderate pro-
portions and a tendency on the part
of traders to reduce or to even COM
mitmeIts before the publication of
the report as to the size of the crop.
THE government report is al
ways the cause of violent fiuctua-
tions."
The Washington herald., 1920-12-11
NorIray's Figures Sholc
Huge Gain in Discounts

A communication received by the
Department OF Commerce yesterday
from Consul General Osborne. at
Christiania, Norway. on the finan-
cial conditions in that country. de-
clared that the Bank of Norway
was reported as having S52.l62,lsO
in gold holdings at home and abroad
at the beginning of November. 1920,
as against S61.577.55e on the cor
responding date OF last year. Dis
counts and loans are shown 10 have
increased from se2,653,I9 to $685.
$50, ,S56 during the past year.
The Washington herald., 1920-12-11
Ship Board Ask I. &C.
To Stay Freight Order

The United States Shipping Board
yesterday asked the Interstate Com
merce Commission to suspend until
further notice" the order giving
preferential railroad freight rates
to American exports and imports
moving to and from American ships
at American ports. The order is
now suspended until January l.
Pacific coast ports, with the ex-
ception Of Los Angeles, recently
protested to the board against the
present enforcement of the rule.
Chairman Benson said, however.
that he hopes to be able soon to re-
quest the Interstate Commerce
Commission to apply the preferen-
tial rate order to some ports and
some routes that have now enough
American ships to handle all their
business"
The Washington herald., 1920-12-11
Untitled Steel Tonnage.

NEW YORK. Dec. le.-Unhlled
tonnage Of the United States Steel
Corporation decreased Sl6. .37l. il was
announced today.
The untitled tonnage totalcd a.oel.-
4Sl tons November 80 as against -
S3e.S52 tons October 81 and 1856
s04 tons September 50 and 7.l2s,35o
November 30. 1913.
The Washington herald., 1920-12-11
CHICAGO LIVESTOCK.

CHICAGO. Dec 1o.-Eggs-Active
10 to Is cents lower than yester-
days average. Range narrowests of
season. Average cost Thursday s.s5; /;
weight. 22s.
Cattle-Steers and she stock OPEN
ing slow; early sales around yester-
days closing or bottom prices.
Quality plain. Calves and bulls
mostly steady.
Sheep-Best killing grades strong
ts-25 cents higher; top lambs, s11.T5.
Feeders and medium killing grades
steady.
The Washington herald., 1920-12-11
son OF FARM PRICES THIS YEAR AND LAST

New York high grade creamery butter at the end
November pound compared with
cents pound This decline OF 10 cent
siderably than that shown by the farm price.
The trade has been expecting still breaks and
buyers have been ordering supplies for immediate Foreign
actively competing with domestic production
of the exchange this butter be offered
5 to Is cents less pound than product
Washington Herad)
The Washington herald., 1920-12-11
Viennd Cables Greatly
Reduce Remittance Costs

A report made to the Department
of Commerce yesterday by Mr.. Up
son, Trade Commissioner at Vienna,
declared that remittances to Amer
lea are now made by the Vienna
banks. by cable. at q cost of / per
The Washington herald., 1920-12-11

cent. the American credits being
bought usually in Switzerland or
Germany. 1t Is reported that one
American company remitted over
$500, 900 in this way during October.
Arizona republican., 1920-01-17
FINANCIAL AND
 MARKETS

NEW YORK Jan. 16.-The concert ed and fairly successful attempts of a confident and widely extended short interest constituted the outstanding feature of today's heavy to weak stock market session.
 Eliminating rails and seasoned in dustrials of the steel and equipment classes in which recessions were re1a- lively nominal. declines of to 10 points were registered by the general list, with virtually no recovery at the unsettled close.
 Prices were reactionary from the outset, contrary to the hopes of those traders who sought to extract a de- gree of comfort from easier rates for demand loans and the failure of the federal reserve bank to advance inter est and discount quotations.
 Intermittent strength was shown by metals, tobaccos, International Paper, American Linseed and numerous sec ondary transportations, but these were largely, if not altogether, sacrificed in the broader offerings of the final hour, the market ignoring the drop in call money from to per cent. Sales amounted to 1.050,000 shares.
 In the bond market, the downward trend was apparent. especially in Lib erty issues and speculative rails and industrials. Foreign bonds were with put eature. ave Or ] decline of point in United Kingdom ] 1as of 1897. Total sales par value. $13, ,500,000 Old United States boyds unchanged on call.
Arizona republican., 1920-01-17
LIVESTOCK Chicaqo

CHICAGO, Jan 16-Hogs-Receipts 44,000; market mostly 10 to b cents lower; bulk, s15.00@15.30; top, S15.40: heavy, $14.9O@15.25; medium, s15.10d 1885; light, $15.15M15.40; light light s14.50@15.25; heavy packing sows smooth, $14.25m14.75; packing sows, rough. .75@14-25; pigs s13.5O@ 14-50.
 Cattle - Receipts. 5000; market weak; beef steers, medium and heavy weight, choice and prime, s17.75@ 1850; medium and good. S11.50@17.75; common, S9.50@ n.So: lightweight good and choice, $14.00MIS.50; com mon and medium, $9.00@14.00: butcher cattle, heifers, s6.75 q 1f.5O; cows. s6.75 G13.25; canners and cutters,s s5.50M 6.75: veal calves. s17.0061S.25; feeder steers, sS.00@12.50; stocker steers. s7.25@11.oO.
 Sheep-Receipts, 5000; market firm: lambs. s4 pounds down. s17.0O@1S.75: culls and commons, S13-75M 1850: ewes. medium and good. $900@12.00; cuIls and commons, S5.25@S.5O.
 Kansas City
 KANSAS CITY, Jan. 16.-Hogs-Re- ceipts, $500; market 15 cents lower; bulk, s14.S5@15.15; heavy $14sO0 15.1o: medium, s14.s5@15.25; lights, s1445@15.15: packing sows, s13.5o@ 1425; pigs, $13.50m15.50
 Cattle Receipts 2SO0; market steady to weak; heavy beef steers, choice and prime, s16.65m1S25: me dium and good $12.50@1650; com mon and medium, $S.25@125O: butcher cattle, heifers, $6.75G14.25: cows, $6.65M12.50; canners and cutters, s5 .00 @6.65;- veal calves, s13.0O@ 1900; feeder steers, $8.00@13.25; stocker steers, s6.25@10.85.
 Sheep = Receipts 1,500; market steady; lambs, $16.50@19.5O: culls and commons, $11.25@16.25; yearling wethers. s14.25@16.0O: ewes. s9.5O@ 11.50; culls and commons, s4.5O@9.25; breeding ewes. $S.0O@14.50; feeder lambs. s14.50@17.75.
 DENVER, Jan. 16.-Cattle-Re- ceipts, 2.700; market steady to easy; beef steers, $11.00@17.5o cows and heifers, s7.75@11.00: stockers and feeders. sS.o0@11.25: calves. s12.50@ 15.75.
 Hogs = Receipts. 1.s00: market steady: top, s15.25; bulk, s14.4G6 14.9n.
 Sheep Receipts, 2.3o0 lambs, steady; ewes. easy: lambs. $15.500 1850: ewes, s1O.00611.00: feeder lambs $15.75 016.50.
 BOARD OF TRADE CHICAGO, Jan. 16-(Close:)-
 Corn-January, $1.37A; May, s1.32 B; July, s1-307s.
 Oats-May, s1%c; July, 751ac.
 Pork-January. $3s.S0; May. $39.171k. Lard-May. $24.75; July. s25.121A.
 Ribs-May, $20.60; July. s2O.s5
Arizona republican., 1920-01-17
NOTICE TO CONTRACTORS

Sealed proposals will be recei"e1 until D. m., January 19. 1920. at the office of the Board of Supervisors. Cochise County, Tombstone. Arizona, for the construction of Section "D' Of the Benson-Vail Highway, extending from the West line of Cochise county eastward approximately four miles. The work consists of approximately 13.000 cubic yards of excavation, and incidental drainage structures. Pro- posals shall be addressed to Thomas Maddock State Engineer, care of Board of Supervisors, Tombstone, Ari- zona.
 Plans and Specifications may be seen at the office of the State En- gineer. Phoenix, Arizona or at the of flee of the Board of Supervisors, Tombstone. Arizona.
 Copies of Plans and Specifications may be obtained on payment of 8. An unendorsed certified check for five per cent of the total amount of the bid payable to the State Treasurer of Arizona will be required with all pro- posals
 Satisfactory bonds will be required of the contractor to whom award is made The right is reserved to reject any or all bids. All proposals shall be made on blanks furnished for that purpose.
 THOS. MADDOCK,
 State Engineer. Phoenix Arizona, Dec. 1s. 1919.
Arizona republican., 1920-01-17
6R0KER C. RERGDOLL

NEW YORK-Grover Cleveland Bergdoll, wealthy son of a former Philadelphia brewer, charged with evading the draft law, was placed in solitary confinement on Governors Island following his arrest at his home in Philadelphia. The youth had been hunted all over the world for two years. He is liable to Is months Imprisonment as maximum penalty if convicted when court martialed. His arrest brings to a close his side of the sensational "Bergdoll boys hunt" A brother, Edwin, wanted also for draft evading, is still at large. Bergdolls father is dead.
Arizona republican., 1920-01-17
Women's Exchange ALL KINDS FANCY WORK. Cakes by order only 42 N. First St Ph- 1oS3. If
Legal Advertising
LEGAL NOTICE

This is to certify that R. l.. Bates has made application for license to operate a motor vehicle in Peoria and vicinity and notice is further given that a hearing on said application will be held before said Arizona Corporation Commission at their office at the Capi- toI RuiIding. at Phoenix, Arizona, at 10 o'clock a. m.. the goth day of Janu- ary. 1920.
 Dated at Phoenix. Arizona. this 17th day of January, 1920
 tSfgned) R. L. BAH
Arizona republican., 1920-01-17
NOTICE TO BRIDGE
 CnNTD CTnpC

Sealed bids will be received until 2 P. M. February '. 1920 at the office of the State Engineer. Phoenix, Arf- zona for the construction of bridge across the Gila River near San Carlos, Arizona.
 Plans and specifications may be seen at the office of the State Engineer, Phoenix, Arizona, or at the office or the Board of Supervisors, Stafford, Arizona. Plans and Specifications may be obtained on payment of s to Thos Maddock, State Engineer. Alternate bids may be submitted on designs to be furnished by the bid ders, subject to the approval of the State Engineer.
 THOS. MADDOCK,
 State Engineer. Phoenix, Arizona, Jan. z. 1920.
Arizona republican., 1920-01-17
LEGAL NOTICE

This is to certify that John D. Chris tie has made application to operate motor vehicle for hire in Phoenix and vicinity. and notice is further given that hearing on said application will be held before the Arizona Corporation Commission in their office at the Capitol in the City of Phoenix, Ari zona, at 10 a. m. on the 20th day or January, 1920.
 Dated at Phoenix, Arizona, this 17th day of January, 1920
 fSigned) JOHN D. CHRISTIE
Arizona republican., 1920-01-17
Legal Advertising
NOTICE TO BRIDGE CONTRACTORS.

BRIDGE CONTRACTORS. Sealed bids will be received until ? D. m., February :, 1920, at the office of the State Engineer, Phoenix, Ari- zona, for the construction of a bridge across the Gila river near San Carlos, Arizona.
 Plans and specifications may be seen at the office of the State E,ngi- neer. Phoenix, Arizona, or at the office of the Board of Supervisors, Stafford, Arizona. Plans and specifications may be obtained on payment of $5 to Thos- Maddock, State Engineer.
 Alternate bids may be submitted on designs to be furnished by the bidders, subject to the approval of the Stale Engineer.
 THOS. MADDOCK,
 State Engineer. Phoenix, Arizona, Jan. :, 1920.
Arizona republican., 1920-01-17
NOTICE nE
CALL FOR BIDS ON

CALL FOR BIDS ON Groceries, Flour and Meat for Arizona
 State Prison. File No. 3924.
 SEALED proposals, addressed to Board of Directors of State Institu- tions of Arizona, at State House. Phoe- nix, Arizona, and endorsed Proposals for furnishing Groceries, Flour or Meat for State Prison, Florence, Ari- zona, File No. 3924, will be received by the said board until 2 D. m., Janu- ary 22, 1920. and will be opened in the presence of the bidders at the above time and place, and thereafter considered.
 BIDS MUST BE ITEMIZED
 Certified check for five per cent of the amount of the bid should be en- closed with same, to be retained as 1iquidated damages if successful bid der fails to sign contract.
 BIDS NOT MARKED ON ENVEL- OPE, AS REQUIRED, WILL NOT BE CONSIDERED.
 Specifications may be obtained upon application to the Board Of Directors of State Institutions.
 Prices must be f. O. b. Florence Ari- zona.
 The Board reserves the right to ac- cept or reject part or all of any bid to divide between two or more bidders. or to waive any informalities in any bid as the interests of the State may require
 BOARD OF DIRECTORS OF STATE
 INSTITUTIONS.
Arizona republican., 1920-01-17
OF STOCKHOLDERS $
 ARIZONA PACKING
NOTICE MEETING. COMPANY
Phoenix. Arizona.

january 17th, 1920. NOTICE IS HEREBY GIVEN that the first annual meeting of the stock holders of the Arizona Packing Com pany, a corporation organized under the laws of the State of Arizona, will be held on the second day of February. 1920, at 10 o'clock a. m. of said day, in the north parlor on the mezzanine floor of the Adams Hotel, Phoenix, Arizona, for the purpose of electing a board of directors and for the trans action of such other business as may be brought before said meeting.
 F. A. TOVREA, President.
 FRED TRIBOLET, Secretary
Arizona republican., 1920-01-17
METALS

NEW YORK, Jan. I6.-Copper steady. Electrolytic, spot and first quarter, 1912 @19%c; second quarter 191h 019Ac Iron firm; No. 1 Northern S45; No. Northern. $43.25; No. Southern. s4O641. Anthony, $1O.50 Lead firm; spot and February, SS.il bid. Zine quiet; East St. Louis spot s9.20 bid, $9.30 asked.
 At London-Spot copper, IF 1ts 6d; electrolytic, 123. Tin, e376 l2s Cd. Lead, GAS Is Cd. Zinc. z 5S 15s.
Arizona republican., 1920-01-17
LEGAL NOTICE

This is to certify that Fernando Ramirez has made application for license to operate q stage in Hayden and vicinity: and notice is further given that q hearing on said applica- ton will be held before said Arizona Corpora ton Commission at their of f ce at the Capitol Building, at Phoe- rfx Arizona. at 10 a m-s the goth day cf January. 1920.
 Dated at Phoenix Arizona, this 16th day of January, 1920.
 Signed) FERNANDO RAMIREZ.
Arizona republican., 1920-01-17
MIcHELsoN REAPPoiNTEp

WASHINGTON, Jan. 16-Among postmaster appointments sent to the senate today was Selim J. Nicholson, Phoenix Arizona