davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-01-28
COTTON RISE DUE
TO BRITISH BOOM
Market Rallies, Bringing Price
Level u to "a Points
Higher.

NEW YORK. Jan. e. Private
reports of an Improvement in con-
ditions at Manchester made a con-
siderable impression on sentiment
in cotton here and at Liverpool.
and values were stronger today.
First prices were 21 to IS points
higher, following strong cables and
the movement upward in foreign
exchange. Both Liverpool and Wall
Street bought at the start. but spot
houses and local operators supplied
the demand. causing reCessions
from the initial top. Later there
was some Southern selling and fur
ther liquidation of March. but most
of the offerings of March were
against purchases of May and July,
and the setback was followed by
rallies to a level about p to "a
points above the previous close.
Much of the demand was attributed
to covering by uptown shorts.
Early in the afternoon demand
decreased and prices sagged under
realizing to within 10 to Is points
Of the previous close. In the last
hour the market was strong on
local covering and buying fer Wall
Street account. Prices at the best
showed maximum gains of 43 to 81
points. Last quotations were 40 to
81 points net higher.
Spot here was quiet al a decline
of 65 points at 15c for middling
there were no sales. Spot at New
orleans was steady. with the re-
vised quotation of middling fixed
at 14.25c: the sales were 997 bales.
Receipts of cotton in bales at
some of the leading points today
were: Galveston. 1855: New Orleans,
5.OS2; Savannah, 9O4; St. Louis,
2.654: Houston. 7.O2R.
The Washington herald., 1921-01-28
Safety Meetings Are
Planned by Railroad

A series Of instructive meetings
designed to further impress safety
upon its employees will be under
taken by the Baltimore and Ohio
Railroad, beginning next Monday
at New York. The tour will include
all the principal cities and termi-
mails on the system, and it is ex-
peCted that thousands of employees
and their families will attend the
meetings and be stimulated in their
efforts for safety.
The tour will be under the direc-
tion OF John T. Broderick, super
intendent Of the safety department
of the railroad. He will make an
address in each city on the aims
and benefits of safety. There will
be shown the new safety picture.
Bulletin 10" which is a visuaIIza-
tion of the various accidents re-
ported to the Interstate Commerce
Commission by the railroads of the
country. The railroad man and his
wife and children will see right
before their eyes the dangers that
are always present for the employees
who neglect to take precautions in
their daily tasks. The picture is a
remarkable production, and has all
the thrills and interest of the COM
mercial films now being shown. The
actual operation of standard trains
and the proper and, improper ways
of handling them by train and en-
ginemen are depicted graphically,
and interest never Iags.
The Washington herald., 1921-01-28
Former Commerce Chief
Urges Credit Extension

Former Secretary OF Commerce
W. c. Redheld, in discussing credit
expansion and credit protection be
fore the Export Managers Club in
New York. laid particular emphasis
on the benefits which would accrue
to the export manufacturer
through support OF the Foreign
Trade Financing Corporation.
Mr.. Redheld said in part: "Wher-
ever American travellers go abroad.
they find European houses soundly
entreuched and firmly bound to
their home suppliers. Our statesmen
must meet the competition Of the
man. ignorant not only OF our
goods. but of our methods and our
customs. When we have in the for
eign cities American firms retail
ing American goods: when we have
American money invested in fac
tories, mines and railroads: and
when these industries are directly
managed by Americans. then the
problems of your export manage
will be greatly reduced
Mr. Redfeld states that the pres
ent chaotic condition Of interPa-
tional commerce must receive the
first attention Of the Foreign Trade
Financing Corporation. hut that its
ultimate and most beneficial ac-
Complishment for American trad,
would be the extension OF credits
covering periods Of wears and in
that manner would complement
the work Of the international bank
whose facilities are limited to the
shorter periods Of commercial pa
The Washington herald., 1921-01-28
independent Steel Firms
Net Increase in Orders

According to the Iron Age vari-
Gus independent steel Compa mics are
starting up on orders which will
keep their plants going on a 50 rer
cent scale for two weeks or more.
This renewal Of activity comes after
four weeks Of restricted operation
amounting in some cases to almost
a complete shutdown
The Chicago district shows bet
ter operations than for several
weeks. The Pittsburgh and Ohio
districts show a slightly lower aver
age OF plant operations, due to a
slight falling of in the Steel Cor
pOration activities.
Railroads. shipysrds. fabriCatinC
shops. automobile plants. and i'm
plement works. which are the ordi-
nary outlet for plates, shapes and
bars. give promise Of but moderate
consumption in the first half or the
year. Farmer buying OF wire prod
uCts has been affected also by the
declines in grain.
The Washington herald., 1921-01-28
CAPITAL NEEDS
To GET AUDIENCE
In TAX REFORM
DIR. Chandler, Economist
Gives Views at New
York Dinner.
URGE INDIRECT TAX
Declares U. S. Monies Must
Be Used to Put Europe
On Feet.

Dr.. H. A. L. Chandler, economist
Of the National Bank of Commerce
IN New York, speaking at a dinner
al the Hotel Commodore urged that
there should be greater recourse to
indirect taxation as a safeguard to
Inc interests both Of business and
Of the working classes.
He said in part: We have be-
come accustomed to boarding and
accepting such extrayagant esti-
mates Of the recent growth of our
national wealth, the growth of our
national income and the growth Of
our capital savings that we have
come to believe that the American
standard of living is assured. Most
"t those estimates, however, unless
carefully analyzed, lead US into very
great error, and when we measure
the growth of our economic power
in terms of actual utilities. that is
IN actual commodities and services.
We find that the recent growth has
fallen far short of what We have
been led to believe had occurred.
Changes Take Place.
For many years up to the time
"i the war we had been able to
borrow large sums from Europe
and with these funds, together with
the very large savings in the United
states resulting from the retention
of large parts of corporate earnings
As surplusage. We were able to rem
der American labor the most pro-
ductiye in the world. As the re-
suit OF the war, however. there haye
taken place two important changes
affecting our productive capacity.
As source of large capital funds
the European market is necessarily
closed to American industry. More
over, as a result OF the diversion
Of capital during the war. important
parts OF our national capital have
not been maintained and before our
national plant can become relatively
as productive as before the war
much of our annual income must
be set aside for plant extensions
and rehabilitation.
Hampered by system.
IF Europe is to regain her feet
in the near future. American capital
must assist her. But how is Amer
lea to lend any considerable amount
Of capital to Europe if at the very
time when we have great need for
capital in this country we are to
continue to dry up. by a poorly ad-
Justed system of public finance.
some of the most abundant sourca 5
Of capital accumulation?
The conclusion which we draw
is that the present system OF reve-
nue. should be reformed with a view
to tightening rhe burden now placed
upon capital accumulation and
that large proportion OF the cost
Of government should be borne by
indirect sources. In shifting a fair
proportion of the burden to indi-
rect taxes. however, we should be
very careful not 10 go to the other
extreme
In readJusting our system we
should bear in mind that there Is
only one sound source Of taxation
and that is national income"
The Washington herald., 1921-01-28
Winter Grains Escape
Harm From Elements

The governments weekly weather.
report states that the light snow
cover over the central and eastern
portion Of the winter wheat belt at
the beginning OF the week disap-
poared rapidly under the influence
of unusual warm weather for the
season. with the exception or tho
more northern districts grain hcIds
were hare during much OF the weck
Some harm was reported to win
ter grains in scattered localities ~
result n alternate freezing and
thswinK. but the damage so fa~
is not extensive. Rains in the east
ern foothills of tho Rockies has
greatly benefited fan sown grains.
Seeding was further delayed in
Northern California by continued
wet weather. hut wheat is reported
as winterinE well in the more North
western States
The Washington herald., 1921-01-28
REDUCES SHOP
FORCES BY THIRD
Western Maryland Begins Cut
In Mechanical Department
At HagerStown.

HAGERSTOWN. Md. Jan. 81
approximately four hundred men
employed in the shops OF the West
crn Maryland Railroad Company in
Hagerstown will be laid of on the
frst OF February, according to an
announcement made here today by
railroad official This will mean
4 cut in the mechanical force OF
the railroad OF 80 I-3 per cent. and
and also probably the furloughing
or several thousand men from the
company's shops in this city, BallI-
more and Cumberland, Md. as well
as further reduction in other de-
partments.
All formaIities between the
brUthcrhoods and the railroad Offi-
cials concerning the impending re
duction have been made and notice
given the employees OF the cut to
take effect on the first Of the month.
This move Of the Western Maryland
is in accordance with its plan of
retrenchment and has been eN-
pected by local railroad men for
some time. as rumors OF the cut
have been afoat for week or
more.
The Western Maryland. notwitn-
standing its heavy coal trafic. has
been falling behind in its receipJs
and, il is stated, the company finds
It difficult to secure sufficient
ready capital to meet tho enormous
payroll and also keep up the equip
ment The crews that are necessary
to move trains are practically ali
that remain al work and this d.
partment has been cut to tho bone.
When traffic Increases. which it is
expected to do before very long, the
financial affairs Of the road will he,
remedied and the employees. or at
least large number OF them. re-
stored to their former positions
The Washington herald., 1921-01-28
PHILADELPHIA PRODUCE

PHILADELPHIA, Jan. 27-Butter
quiet, and solid packed cream, 1sc
lower. Quotations: Solid packed
creamery, fancy, high-scoring goods,
II lza53isC; extras. 5OlaC: extra
frsts. 4SI2 a4912c; frsts. 41a47c; sec
onds. 3Oa39c; sweet creamery. choice
To fancy. 5214a54Iac; fair to good.
41iea511:c; prints jobbing at 6Oa62c
for fancy and 47a49c for fair to
choice.
Eggs-Weil cleaned up and firm.
The quotations.: Nearby firsts. 66c
per dozen: nearby current receipts,
s5c; Western extra firsts. 65Iac: do,
irsts. 64l4C; inferior lots lower;
Southern, 63a64c; fancy candled eggs
jobbing at 7sasOc; fair TO good. 71a
sc
Cheese-Firmly held Quotations:
New York. whole milk. fats. fancy.
held. 28a2sc; do. fair to good. held,
26a27C: do. fancy. fresh. 25a251ac:
do. common to fair. fresh. 22a24c;
I.anghorns, held. 29a29iac; do. fresh,
e9a291aC; single Daisies. held. ga
2Sc: do. Iresh. 26a27c; jobbing sales
"f fancy held goods. 3Oa31c
Live pOultry-FOwIs. fancy asa
a6c: medium, 33aS4c; small and in
reriOr. 3Oa32C: white Leghorn fowls.
22a34c; spring chickens. fancy.
weighing 1L2a2i2 lbs. and over
apiece. 36a3Sc: young roosters, fam
cy. soft-meated. 33a35c: shaggy
Young roosters. 26a2sc: old roosters
.ta25C; turkeys, fancy. 5Oa55c: do,
ordinary. 35a45C; ducks. White Pc
Kin. 43a45C; mixed colors. 4Oa4ac:
do. Muscovy. 2Sa3OC; geese. 2sa32c;
DioeO0S per pair 5Oa55c
Dressed Poultry - Fowls. fresh
killed, dry-picked. in boxes. weigh
inE 4Iza5 lbs and over apiece. 40c;
Weighing 4 lbs, 3sc: weighing az
lbs 35a3sC: Weighing 3 lbs. 3OaS3et
fowls. fresh-killed- in bbls, dry
picked. weighing 4a5 lbs apiece, 81
a34c: weighing 4 lbs and under. 30
a32c: roasting chickens. Western.
dry-packed. in boxes. weighing AZ
as lbs and over apiece. 3Sa3sc:
Weighing lbs. 37a3Sc: roasting
chickens. Western. dry-packed. in
bbIs, weighing 4a5 lbs and over
apiece. 36a3Sc: fryers, Western. dry
packed, weighing 3a3h lbs apiece.
33a35c: broilers. Western, dry-picK-
ed. weighing y az lbs apiece, 43a
45c: broilers. nearby, Weighing X
az lbs apiece. 46a4Sc: roasting
chickens, nearby. weighing 4a5 lbs.
and over apiece, 3sa40c; fryers.
nearby. weighing 3a3ls lbs apiece.
34a36c; turkeys. spring. fancy. Vir-
ginia and West Virginia. 61a62c;
do, do. Western, dry-packed, soc:
do. do. old toms, 55a5se: do, do fair
TO good, 45a50c; old ROSTERS, dry
picked, 2sc; ducks, Western, fancy,
3Ta4eo: geese, Western, 3Oa32c;
Euineas, per pair, spring, sla1.25;
old. 75as5c.
The Washington herald., 1921-01-28
WHOLESALE PRICES DECLINE:
BUSINESS AWAITS LOW LEVEL
Farm Products Show Greatest Drop-House
Furnishings Go Down Per Cent.

Although slight evidence that the decline in
prices checked this any of the
index numbers for December Last week Bradsree reported that
eighty which quotations secured twenty ad
price fortyou stationary
is in the OF ad-
vancing in price exceeded the number declining
During the month of December Bradree index from
1868 1900 drop of cent Compared with
OF oS February this index has recorded drop
of
Department Labor that their
wholesale index all fell I8o for December 1920
compared with for This drop of 50 points, So
from the high reached last May Compared
previous month the December index shows drop of S4 per cent
This index the been March,
below the level OF prices the time of the
The following table
wholesale index for periods and for the groups
commodities:
The Washington herald., 1921-01-28
EXPORT BUYING
BOOSTS WHEAT
Oats Reach New Low Level
For Crop Under Heavy
Bear Pressure.

CHICAGO. Jan. 27.-Good export
buying on the break which absorbed
the surplus and forced shorts to
bid up, caused a rally in the wheat
market just before the close to-
dav and sent prices IL to l -
cents higher The opening was
weak and May broke to a new low
level on the crop. Liquidation was
general, Southwestern longs getting
out Of their lines. and there was
little bear pressure evident. The
important factor in the market was
the lack of buying power. A short
time before the close the market
was heavily Oversold and good buy
ing by export interests on the break
was seen and absorbed the surplus.
forcing the shorts to dig up in or
der to cover.
Corn finished IA cent lower to IL
cent higher. Selling of corn was
stimulated by the early weakness in
wheat by unfavorable industrial
news and by continued large re-
"eiDt, and the fact that a large por~
ton of the present movement is go
ing to storage. Buying by com
mission houses on the break caused
Z slight rally from the low points
of the day
Oats touched a new low level for
the crop and at the close were un-
changed to IA cent lower. Con-
siderable pressure was again in
evidence, cash houses. commission
concerns with Eastern connections
and locals being active on the sell
ing side. The best buying was on
the break. holders of bibs and over
night shorts absorbing the offerings.
Rye was IA to . cents lower and
barley declined "a cent
Provisions closed easier. the mar
ket having little life. Some pres
sure, mainly on ribs was noted and
no particular demand existed for
any product.
The Washington herald., 1921-01-28
Nitrate Production
Compiled by Association

The Association Of Nitrate Pro-
ducers has compiled figures show
ina the Chilean production for tho
frsI eleven months of 1920 amount
ed to 25@2. 600 short tons. The to-
tai exports during the same period
amounted to 2.734.oOO tons. Novem-
her production was 24l.4OO tons and
exports 1Sl 500 tons
The German nitrate producing
companies have recently Joined tn"
association. so that at the present
time this organization controls SN
per cent Of the total output.
The Washington herald., 1921-01-28
Don't Gather Goat Feathers
By ROGER w. BABSON.

II a owned feed mill and it twelve hours . dav
whether he had anything to grind not suspect that
there something with his nnakeun f $780,
Then asked him why he burned good power when
there nothing grind and he
the wheels go round" we'd know he was crazy.
If do little investigating however
guilty of criminal of
We mental machinery day long and large ps2t
of the time don't grind anything. = - r
We spend mental energy just for the fun of spending
Solve spoblem read story work picture puzzle but don't
just gaze off into space and go mind wandering { .
Don't be guilty of spending Energy gathering
goat feathers - e'''e
The Washington herald., 1921-01-28

President the T. L. Company,
president the Hart and Grouse Company
and radiators, Wasngon
prominent Roarians.
Stock, who knew Harding years Marion selected
by the Washington Rotary Club the Presdntelcct when
he trip invite
of the club. Harding readily accepted
He in Rotary Club here will be
be held abroad He
director Bank president
Bank Of Bethesda
The Washington herald., 1921-01-28
B. e o. Employees GiUen
FmLOughs at Brunswick

FREDERICK, Md, Jan. 27.-One
hundred and fifty roundhouse and
shop employees of the Baltimore and
Ohio Railroad have been furloughed
at Brunswick, even though they
asked for an hour a week rather
than be entirely idle.
Track fOremen's gangs have been
reduced to two and three men. They
formerly contained from ten to fif-
teen men.
The Washington herald., 1921-01-28
METAL MARKET.

NEW YORK. Jan. 27.-Copper
spot January. February ofd. 13.
March. ofd. II Is: market easy
Tin CStraits shipments). Decem-
Der. January. Old. 81 IL; January
February. ofd.. - 2-4: February
March. and March April. April May,
old. 36: market firm.
Lead. spot. January. old. $40.
February. old. 500; market quiet
Spelter CEast St. I.ouis), spot.
January. February. March April.
Ofd., $50: market dull.
The Washington herald., 1921-01-28

NEW YORK, Jan. 27.-Cottonseed
oil was easier. Spot, 500 (bid)
crude, 500 (sales). Futures-Janu-
ary, 500: February. S.OOas.50: March
S40aS.45; April. s.40aS.b3: May. S.S0s
SIS; June, S.s0aS.96; July. 9.O5a9.17
August. 9.25ae.30.
The Washington herald., 1921-01-28
Following are today's quota tions
Bethlehem Dividend Out.

NEW YORK. Jan. 27.-Directors
Of the Bethlehem Steel Corporate
today declared the regular quarterly
dividend of IA per cent on both
A and classes of stock. The divi-
dend is payable April on stock of
record March II.
The Washington herald., 1921-01-28
Johnson Quits Baldwin Board

PHILADELPHIA, Pa, Jan. II
Alba B. Johnson. former president
Of the Baldwin Locomotive Works
has resigned from the board of that
company and from the directorate
of the Standard Steel Works, efTec-
tive today, it was announced. fol
lowing a meeting of the board.
The Washington herald., 1921-01-28
Shoe Workers Combine.

HAVERHILL, Mass, Jan. E.-
sOne big union" for all shoe factory
workers in New England has been
approved by the joint shoe workers
council, it was announced today.
rho project W1lI be submitted to a
by all locals.
The Washington herald., 1921-01-28
TREASURY HOLDS
$l3,&3,Sl9,S26
RECOUNT SHOWS
Previous Inventory, 1913,
Showed Vaults Contained
Only $1,426,422,O51.
MOST IN SECURITIES
Over Ten Billion of Vast Sum
Represents Loans TO Al
lied Nations.

The United States Treasury now
contains $I3,SS3, ,S19.s26.36 2-3 in cash
currency and securities, according
to Guy +. Allen, who, as acting
treasurer, yesterday announced the
result Of a count necessitated by the
resignation of John Burke as treas
urer OF this vast sum ss7, ,410r2S3.02
is in cash. obligations Of foreign
governments total more than S1O,-
OO0, ,OOO, 900.
On the last occasion that count
was announced the statement show
ed S1,426,422,O51.4S 2-3 in the Treas
ury, This was in 1913 when Mr..
Burke succeeded Carmi A Thomp-
son as Treasurer.
The statement shows the follow
ing resources in the Treasury
The Washington herald., 1921-01-28
COTTONSEED OIL.

Quota tions furnished by W. B. Hibbs 4
Co, Members New York Cotton Exchange.
The Washington herald., 1921-01-28

JULIUS GARFINELE
FLEMING NEWBOLD
JAMES MARION JOHNST
c. POWELL MINNIGEROf
WILLIAM NJ. RITTER
HARRY +. CLARK
FRANK J. HOGAN
The Washington herald., 1921-01-28
DIRECTORS

~HAS. CARROLL GLOVER
l.. KEMP DUVAL
LOUIS Z. JEFFRIES
JOHN S. LARCOMBE
HENRY B. SPENCER
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-05-17

perity Furthermore, the chaos and crime that have
prevailed in Russia since the Bolsheyik regime
took control have shocked the sense of decency
of the entire civilized globe
Neither of these elements is present in the
Mexican situation, SO far is known, there is no
organized Mexican radical propaganda in this
country and certainly the Mexican government is
too anxious for American recognition to counten-
ance any such movement. Secondly, the new re-
gime, however radically disposed some Of its lead
ers may be- has given Mexico the best government
it has had since the days of Porfirio Daz With
the exception of few sporadic outbreaks,' it bids
fair to pacfy the country entirely Foreign rights
are being respected, if one may-believe the re-
ports of Americans who have come back from
Mexico recently.
In a word while Mexico bchoovcs herself, 1t
is none of business whether she is ruled by n
soviet a sultan. We have right to interfere.
If her form of government should prove a men
ace to safety then it will be time to
speak, and to speak in unmistakabe terms.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-05-17
VACATION DAYS.
CHAPTER CXXVIIr.

CHAPTER CXXVIIT,
Vivian had spoken truly, Carol
Blackjack was fascinating man
yet in a way l was becoming I'M
comfortable when with him. AS
time passed his manner became
more lover-like, less that of a
friend. 1t puzzled and frightened
me Just a bit. | was sure l had
given him no cause to think he
meant more than just what he
always had to me, a generous,
good friend.
ute in telling of my eXtrava-
gances, because if my story was
to be at all helpful to foolish
young women who do not stop
to think but waste their hus-
bands love, and either ruin one
or both of their lives it seemed
necessary.
When it commenced to get
warm | reminded Tom of what
he had said the spring before
that we would all go away
somewhere for a month at least.
Father was better, though still
an invalid, and he urged me to
go home. But l had no such
intention. SO finally he rather
YEARLY gave in to my wishes
and we went to New London for
the month of August. Carol
Blackjack kept his Yacht uD
there and decided that he too
would spend August near the
water. l was surprised, because
a short time before he had told
me that he was going up in
Maine for the summer. OF course.
when l found he was to be in
New London, l knew he would
expect us to sail with him fire.
quently, so added a stunning
yachting suit to my wardrobe.
Unpleasant Comment.
For some reason Tom did not
seem particularly pleased when
1 told him Carol was to be near
us on our vacation. OF course he