davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-08-03
COTTON REACTION
ON PROFIT TAKING
Price Drops With Little Trade
On Outside De-
mand.

NEW YORK. Aug. 2.-The Liver
pool market did not construe yes
terday's government crop report
with the indicated yield as low as
s,2o3, 900 bales as bullishly as local
and wall Street traders. To have
met our advance Of yesterdays
prices there should have sustained
a rise OF 40 to a English points for
futures and about 40 points for
spots. The latter advanced -
points to s.22d for middling. but the
demand from spinners did not fol-
low the rise. the days spot sales
being only 5000 bales. Futures
there are opening firm and 20 to 35
English points higher. reacted TO
between % to 25 points net ad-
vance. but later on the support our
market received after its weak
opening rallied and closed steady
at the top at IS to 40 points net
advance on the day. Private cables
said most of the advance there had
been due to covering of shorts,
Liverpool houses here turned up
as large sellers. closing out the
purchases made in this market yes
terday on arbitrage accounts. New
Orleans was also a large seller.
and there were many other South
ern selling orders in the mar rket
Prices for the general contract list
dropped of to between Is and 20
points from yesterdays closing re-
action of that much decline from
the top prices from this pressure.
| together with a good deal of local
profit-taking. October sold at 1910
and December 1880 on this setback
The market was then bought and
bid up on belated covering OF shorts
for some big local and Wall Street
| interests. who had held out from
covering on yesterdays bulge.
In this movement prices were ad-
vanced to 5 points over yesterdays
closing for October and for De-
cember. the latter selling up u
13.4s. against 1895 for October. As
most of the covering demand was
confined to October and December
January and March did not get W,
to within 5 and points of their
closing prices Of yesterday on this
rally. JanuSry selling highest a:
| 1896 and March 1850. 1t was no.
| ticed there was not much trade
buying following this advance and
when the outside demand slackened.
the market ran OF sharply in the
last hour on renewed profit-tallinG
hv recent local bulls. This con-
tinued until prices had been car
ried back to 20 to 25 points under
Yesterdays final quotations. with
October selling down to 1910. De-
cember 1925. January 1915 and
next March deliveries to 1916.
Thus the market did not act right
during today's session for n bull
market. but on the contrary. there
was too much cotton for sale from
local trade interests as well as from
the South for IL to sustain progress
sive rallies at the prevailing price
level. with the actual demand from
both domestic spinners' agents and
foreign interests continuing on a
moderate scale.
The Washington herald., 1921-08-03
BANKERS IN FAVOR
OFBLUESKYtAWS
Head of Association States
Measure Will Stop
Frauds.

A denial was made yesterday by
Roy c. psgood' head of the Invest
ment Bankers' Association that that
body favored the suppression Of the
blue sky law" which are now
in force in thirty eight States. re-
garding the sale OF fraudulent Sc
curities.
Mr.. osgood criticised Representa-
tive enison for the latter's state
ment in which he said: II know
that what these bankers are trying
to do is to kill my bill and secure
the passage of a bill recently in
troduced by Representative Vol
stead. which would have the effect
of nullifying all of the states
blue sky laws now in existence"
Mr.. osgood stated that the asso-
citation favored suppression of
fraudulent securities. He said:
The bill introduced by the chair
man OF the judiciary Committee Of
the House of Representatives. and
which has the approval Of the In
vestment Bankers Association Of
America, is 9 proposSl for a Fed
eral fraud act. designed to stop in
terstate traffic in fraudulent securi-
ties. II Representative Dennison
had read this bill carefully he would
have found that the bill by section
expressly provides as follows:
Section I. That nothing herein
contained shall be SO construed as
to affect the validity of any law OF
any State to regulate the sale OF
securities within such State but the
provisions hereof shall be inter-
preted as being supplemental to
said State laws
"As a matter of fact, this measure
would not supplant but merely sup
plement the state laws, and more
over it would not only supplement
the "blue sky laws of the thirty
eight States which nave such laws
but would also stop the interstate
sale of fraudulent securities in the
other ten States of the Union that
have no blue sky" laws.
"The purpose of the Denison bill
is a worthy one, but the measure IL
impractical and would lay a pro-
hibitive burden on the sale of 10
gitimate securities"
The Washington herald., 1921-08-03
CANADA TO TRY
COOPERATIVE PLAN

A cooperative marketing scheme
for the disposal Of this years AZ
bertR potato crop along 4 system
in use by MiChiCi- cn6 MINES ota
growers probabl, viii be tried cut
this season. J. Il Hare. commits
"'a-'-. r.0- for the Depart
ment OF AgricUl,ITr, rsSentiy re-
turned from tr.D 10 Nj 'hiraE,
Minnesota ana On'a III rCints, dur
ing which he inTeF- gated IRE
methods used for naa.ll'";;, I-IdinG
and shipping r. potatoes.
1t is prUpo', ii 10 star In a small
way. the Department of Agriculture
working th-a :gn the Edmonton To-
tato Growers Association. the first
of the Kind to organize. The scheme
will involve the establishment Of a
grading station at which all pota-
toes will he graded for shipment.
Inspection will be gwen at the other
end. potatoes going through in such
cases subject TO rejection.
The Washington herald., 1921-08-03
Says U. S. wiz Lose
Trade in Argentina

BUENOs AIRES, Aug.. 2-Un-
der the heading sCommercinl
Relations Between Arrehtina
and the United states Menaeed,s
Alexandra Bunge, director OF the
national department Of statis-
dies, declares that the Fordney
law Will constitute barrier to
trade that only new financial
measures will be capable sf re-
moving. "Unless the exchange
between the two countries is
remedied,1 he continued, sthe
United States will be reduced
from hrst OF second place to hfth
or sixth In trade with the Ar.
gentine Republic.
'The task OF renewing our for
mer commercial relations after
the DISAPPEARANCE OF the PRES
cut abnormal situation will be
dtmcuit. The adverse trade
balance for the Arst half Of 1921
wss more than ss5. 900, 900, but
II II decreasing rapidly. and In
dieatfons are that Argentine
purchases In the United states
will continue 10 decrease
The Washington herald., 1921-08-03

The above includes the issues OF
the Reichsbank and Darlehnskassen
notes, which comprise the bulk Of
the paper currency, although there
are other issues that brought the
total of German paper money in ex-
istence at the close of 1920 almost
up to 10000. 100000 marks. Since
the ratio between the gold reserve
and paper money has fallen so low
German currency can no longer be
regarded as having a gold basis. An
indication of the real value OF this
currency Is shown by comparison
with the American dollar, which, on
the average for 1920. was worth
6252 marks.
The growth Of the public debt or
the German government is indicated
by the following table:
The Washington herald., 1921-08-03
CONGRESS LIKELY 4
TOFORCEDRASTC
CUT in EXPENSES
May Further Reduce the
Army in Effort to
Lower Taxes.
FAITH IN MELLON
Applications for Deficiency
Appropriations May Meet
Rejection.
ny MARK SULLIVAN.

The FIRST reaction 70 Secretary Mel
money required for the coming year.
and the kind and quantity Of taxes
recommended to raise this sum. is
one Of dismay.
There is general confidence n
Secretary MELONS estimate. ex-
cept on the part Of a few Repub-
IIcsn leaders. whose Judgment is
tempered by their hopes and who
have been making estimates Of their
own more agreeable to the voter
and taxpayer. For practical pur-
poses. It is Secretary MELONS ng-
ures that will e accepted by the
rank and file OF Congress. He has
given Washington an impression OF
caution and sure-footed conser-
vatism.
Disposed 70 Cut Expenses.
Taking Mr.. Melons figures Of sI.-
6oo.OO0.Oo0 for granted, there is an
instant determination. on the part
of important elements in the House
and Senate. to do something even
more drastic in the way of cutting
government expenditures than has
already been accomplished. II need
occasion no surprise IL there should.
come a proposal TO cut the size Of
the army even lower than the figure
OF 10000 already fixed. and also a
proposal to reduce further our nav
al expenditures by abandoning work
on some Of the battIeships already
begun.
These proposals will seem shock
ing to some leaders in the adminfs-
tration and 70 some leaders in Con-
gress, who believe that enough has
ALREADY been done in the reducti,
OF our standing army and our navr,
strength. But there is q consider
able section OF strength in Congress
which is acutely sensitive TO the
puollc desire for lower taxes. These
members and Senators accept Secre-
tary Melons estimates as accurate.
and foresee that relief from tax-
alton in an important way can only
be achieved by still further reduc-
ton in naval and military expendi-
lures
May Cut Army 20 100 900.
The army has already been re-
duced TO 10000. it is entirely DOS
sible that we may soon see proposals.
10 reduce it still further to l2S 0Oa.
or even TO 100000. When the rr.r
reduction was made, a few months
ago. IL was anticipated that many
soldiers would be unwilling to am
Tor their discharge. Il has turned
out, however. that enough soldiers
are willing TO accept discharge TO
make reduction, so far as that snr,e
OF IL is concerned. easy.
In addition to whatever pronossls
may arise for further reduction Of
military and naval expenditures
there will also be a determined as
position on the part Of powerful
elements in Congress TO refuse. or
at least cut down. applications for
dehciency appropriations. The re-
quest OF Chairman Lasker OF the
shipping Board for needed funds
will have harder shedding than a.
would have had before Secretary
Melons estimates were made public
Copyright Is2I.)
The Washington herald., 1921-08-03
(By TIE washingtos Herald
Eeonomist.)

Reports from Germany indicate
that industry Is reviving and that
there Is much greater activity there
than elsewhere in Europe. Private
observers state that business Is ac-
tive. thrift is evident. extreme pow
erty and distress not apparent. and
that Germany promises to recover
earlier than anticipated. A survey
Of oficial and semi-official reports
gives an idea Of the tremendous
handicaps under which the country
must labor for many years.
The extent of currency imitation
and the large proportion of paper
currsney with respect to gold re-
servo-is indicated by the following
statement OF note issues and gold
reserves since the beginning Of the
war:
Currency Expansion and Reduction Of Gold
Tin Millions Of Marks-o0o, 900 omitted.)
The Washington herald., 1921-08-03
Fredericksburg C. of C..
To Haze Outdoor Meeting
EREnERICRs

FREDERICKSBURG. Va. Aug. Q.
The board of directors Of the
Chamber of Commerce has arranged
for an outdoor membership meeting
for the evening of August 5. on
Brompton Heights, the home of
Capt. M. B. Rowe.
Ernest N. Smith, chairman of the
resolutions and referenda depart
ment of the Chamber of Commerce
of the United States will give the
address of the evening on, "The
Greatest Room In the World" The
Fredericksburg band will furnish
music during the social hour while
refreshments are being served.
The Washington herald., 1921-08-03
GERMANY'S OUTLOOK
FOR TRADE RECOVERY
Financial and Industrial Indicators {
Future of Business and Trade.

during 1890 show that we imported
from Germany goods valued at about
sS9, 9,ooo. 900, as .contrasted with ex-
ports of about s311,0oo.ooo, making
an unfavorable balance Of trade with
the United States Of around s222,-
100000. This. however, ID stated in
dollars rather than in tons, As are
the above German statistics. The
large imports into Germany by Great
Britain and France will also indi-
cate that when the German statistics
OF 1890 and the first half of 1891 are
available her imports may exceed
her exports.
The production Of foodstuffs Is in
dicated by the crop statistics for
1919 and 1890, which are given in
the following table: I'D.
Gerna uv'a cron. 1ofA-iao0
The Washington herald., 1921-08-03
FIRM UNDERTONE
in WHEAT TRADING
Heavy Rains Help Corn Crop
And Prices Go Down.
ward.

CHICAGO, Aug. "A firm under
tone prevailed in the wheat market
the greater part of the day. There
was lack of pressure and some
buying by houses with seaboard con-
nections. despite reports that the
export demand was slow. Sales at
the seaboard were $4,000 bushels
TO Belgium. Country offerings were
very light, especially from Ohio, In
diana and Illinois, and the trace In
general now believe that the crest
OF the after-harvest movement has
been witnessed.
Car shortage complaints :re in
creasinS from Nebraska and last
ern Iowa. Clement-Curtis and Com
pany estimate the total wheat crop
for the country at 766.000, 900 bush
els, or 100000 bushels more than
Snow and Company and compares
S09,0oo,000 bushels by the govern
ment July 1 and 7S7,000,o00 bushels
harvested last year, with a five-year
average of *31, 100000 bushels.
Heavy rains fell over the Central
West where most needed for corn,
and prices dropped around l cent
early in consequence, with rather
general selling, but the strength
in wheat led to buying and Sep
tember held around So cents for a
good part of the day. Clement
Curtis and Company reports indi-
Gated a yield Of 3,O40, 900. 900 bushels,
compared with 3,123, 3,000,0 900 by the
government last month, and final re-
turns of 3,232.000,00o bushels last
year. The seaboard was after cash
corn and made purchases on the
basis of 3a3xc over September f. o.
b. Chicago. Basis in the sample mar
ket was n cent higher, with No. 2
yellow and white cents over Sep
tember.
A sensational crop report on oats
was issued by Clement-Cursis max
ing the yield 1857, 100000 bushels
os the basis of threshiny returns
with a crop of s0o,0o0,o 900 bushels in
weight the latter being very light
in all sections. The crop IS the
smallest since 1911, when 1t was
922 ,000, 900 bushels. Last years final
returns were 1,526,oo0 bushels. Prices
were easier early with corn, hut
more than recovered the loss later.
Provisions firmer, with cash
houses good buyers of lard. Hogs
were steady to 10c higher, with
bulk of sales at $9.70a11.55. Re-
ceipts, $4,000, with 1900 for to-
morrow. Western 1900 against
$4,000 a week ago and $4,000 last
year. Money easy; call, 6h; time,
81 to 2. Exchange par.
Dec 6ee' 49,: :: LEN 1.aaH 1.s7a i:ssx
The Washington herald., 1921-08-03
Germany's Crops, lsis-ls2o.
(ThOtlSa ndS or met ri. tons 4

The live stock situation Is indi-
Gated by the following comparison;
Germany's Live Stock,
To
The Washington herald., 1921-08-03


New York Cotton Exchanee.)
The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1921-08-02
PERSONALS


w. II. Bowen, of the Bowen Con-
struction Company, is back from
business trip to Birmingham.
Alex Rotholz left Sunday On a bus
mess and pleasure trip to New York.
J. A. Blanton, who has been in
Atlanta for a few days, returned to
the city yesterday. He returned to
A-.snta yesterday and will be away
for several weeks for further medical
attention.
Hon. L. r. Akin came down from
Atlanta Sunday and spent yesterday
in the city.
George True, of st. Simon, was in
the city yesterday.
Tracy Holton spent Sunday at Pine
Harbor. III
l.. J. Cooper, of Waycross, was
ameng the visitors to the city yester-
lay.
TT Stevens, OF Atlanta, spent yes
terday in the city.
B. j. Ford is back from business
trip to Charleston.
billiard Durham, of Hayner, was
among the visitors to the city yester-
day.
George Dewitt, of Jacksonville,
spent Sunday in the city.
Talmadge Atkinson has arrived
from TT. Crockett, Texas. having re-
quested and received his discharge
from the army after service extending
over twelve months.
Hayward Dudley, a former Bruins
wickian, is spending some time on st.
Simon.
John Crowder, of Columbus, for
many years resident of this city, is
here for few days.
Chas Blakely, superintendent of
construction for S. H. Kress. was
among the visitors to the city yes
terday.
Milton Levison left Sunday for Sa-
vannah. where he has accepted posi-
ton.
The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1921-08-02
Birthday and Birth Announce
ment Cards. Glover Brothers.
SEVERAL DEATHS IN STORMS.

New York, Aug 1.-At least seven
persons were killed any many seri-
ously injured in series of electrical
and wind storms that swetp various
sections Of the country yesterday and
Saturday night. -Four deaths are at
tributed to lightning.
The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1921-08-02
TO SELL BOOZE PLANE.

Savannah. Ca, Aug. THE United
States will sell fine airplane this
week. One caught some weeks ago In
Savannah filled with "hootch" will be
libeled and sold to the highest bidder
some time this week.
The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1921-08-02
What Your Time Worth?

WHEN you go buy pair OF boots OF peas or Kitchen
cabinet you know exactly what wantOr 10 shop
around" and take pot luck?
You many an hours tme-and many good hard
doar-by knowing beforehand what you want who're TO get it,
and approximately how much it viii cost.
You always know this much before you enter store
its clothing know how well should wear and what
The style should be- If its nscaI instrument, you know
what in and Workmanship Ii its carpet sweep
er, you know what kind of service it should give
Merchants with established regulations for honesty are the
best with whom to deal.
Merchandise with established reputation is the best to buy
The only way be othe goods you buy is 10 read the
advertisements in this paper regularly AS practice it's Tar
better than rummaging around.
Ii saves time. it money
The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1921-08-02

Milton Levison left Sunday for Sa-
vannah. where he has accepted posi-
ton.
The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1921-08-02

Chas. Blakely, superintendent of
construction for S. H. Kress, was
among the visitors to the city yes
terddy.
Arizona republican., 1921-06-08

FOR SALE-Indian motorcycle: twin cylinder, second hand in good condition: a bargain. Call at Spain Garage, East Sixth St, Tempe, Ariz.
 bb
Arizona republican., 1921-06-08
Oil Oil Oil Oil

ORANGE AND GRAPE LAND
 90 acres, 5 miles N. E., one of the best pieces of land in valley, 1-acre orchard and good shade; $500 per acre. Ask for Atwood, 23o w. Jeff ferson St
Arizona republican., 1921-06-08
For Sale R. E.

If you have $7,000 in cash, we can show you the best 20 acre buy in the valley. Iron covered store. 40x60, 2 good four room frame dwellings, a team of mules, farming implements, wagon, etc tnearly $1,000 worth of personal property), all goes for q, 900 cash. no trades This is on a cor ner, paved road, 10 minutes to cen- ter of city. See eeeJOHNSTON, s1 N. First Ave
Arizona republican., 1921-06-08
Old ArkansaW
 Trader

really wants to swap thirty five thousand dollars in Victory and Lib- erty bonds for sub division land. If you show him an honest to good : ness bargain. But he was recently hot aired and skinned in a ranch and now he ir scared of his own judgment. He now has desk room with the Frisco Realty Co. at 13t North Central. where he will glad iy meet anyone interested.
 OLD TRADER,
 Always Ready To Swap.
Arizona republican., 1921-06-08

PASSENGER Willys Knight. practically new, less than half price for cash. Chicago Wall Taper Store 32T w Wash St If
Arizona republican., 1921-06-08

We have an assortment of small light cars-ranging in price from $125 to $35o.
Arizona republican., 1921-06-08
FOR RENT APARTMENTS

FURNISHED apt. right down town. with electric fan. two rooms and kitchenefte- 4s s. Fifth Ave s3S per month. bb
Arizona republican., 1921-06-08
TODAY! :!

Is the time to buy that car.
 We now offer a most complete line of used and rebuilt cars at prices that are far below the market value of such fine automobiles. All makes from a Ford to Packard
 1921 Monroe 5-pass., new . s1475 1920 Essex, 5-pass- ....... s1o50 1920 Oakland, 5-pass- ...... s7S5 1920 Ford Touring .. sSs5 1919 Oldsmobile '6" 5-pass. -.-- $S5o 1919 OldsmobiIe "s- Rds. .... s75o 1919 Oakland 5-pass- -.. 36S5 1918 Oldsmobiie -s" 7-pass .. s6s5 1918 Overland -6" Rds- ........ s2e5 1918 Ford Touring -.- s215 1917 Jordan Touring -.. $395
 CASH. TERMS OR TRADE
Arizona republican., 1921-06-08
w Ol m a n S Auto Exchange

2s5 N- CENTRAL PHONE 427o IL
 FOR SALE-F'ord touring car. with starter; run about two months: leav- ing town. will sacrifice 21o0 N- 7th Street bs
Arizona republican., 1921-06-08
One Acre

Close in northeast; $550; easy terms. Tel. 1901. Lightning Realty, s. 2nd Ave. p
Arizona republican., 1921-06-08

wASTED-To buy Iot or acre. part cash balance monthly Box SIX. Re- pnolIcan- bd
Evening star., 1921-09-21
THREE FOUND MURDERED
WHILE ASLEEP IN BEDS
Fourth Member of Family Uncon-
scious-Nail-Studd Club Be-
lieved Weapon.

DOwAGIAC, Mich, September I'll
The bodies Of three persons, apparent
ly killed with a heavy club while
asleep, were found in their home
near here yesterday. TIE victims
are William Monroe, aged forty-five;
his wife, Mary, forty-two, and their
daughter. Nerva, seventeen. Another
daughter, Ardith, aged ten years, was
found unconscious in her bed.
Authorities believe the three were
killed last Saturday night, neighbors
reporting that none of the family had
been seen about the Monroe farm
since Saturday. No clue had been
found tonight as to the assailant or
the motive for the crime.
The bodies were discovered by
Grace Mckee, Ardith Monroe's play
mate, who went to the house today
to visit her chum. Receiving no re-
sponse to her knock, the girl tound
the Monroe house unlocked and enter
ed to discover the tragedy
The heads of the three victims were
beaten almost beyond recognition
The bed clothing was undisturbed, in
dicating they were killed while
asleep Against a wall was found
a heavy nail-studded club.
Physicians believe the younger
daughter will recover, although she
was still in a semi-conscious state
tonight.
Evening star., 1921-09-21
PAcTs SENT TO SENATE.

The treaties with Germany, Austria
and Hungary were sent to the Senate
for ratification today by President
Harding.
The treaties were accompanied only
by brief formal note of transmittal,
and were carried to the Capitol by a
White House messenger.
The situation relating to ratification
of the treaties with Germany, Austria
and Hungary was discussed with
President Harding today by Senator
Lodge of Massachusetts, chairman of
the foreign relations committee and
republican leader of the Senate. 1t
was indicated that the treaties would
be referred to Senator Lodges COM
mittee as soon as submitted by Presi-
dent Harding, and that the committee
probably would meet tomorrow to be-
gin their consideration.
Evening star., 1921-09-21

Justice Hoehling of the District Su-
preme Court today denied the applica-
ton of United States Attorney Gordon
for the revocation of the probation
of Aaron Trachtenberg, eighteen
years old. who the police declared at
tackled three detectives who sought
to place him under arrest Labor day
The boy has been wearing his arm in
a sling since the encounter. Trachten-
berg was. placed on probation by the
late Justice Gould last January under
suspended sentence of two years for
joy-riding. Since that time he has
been arrested in Pennsylvania and
was suspected of stealing an automo-
bile tire here. Neither of these cases
have been heard. The court ordered
tthe boys release.
In the course of his remarks Justice
Hoehling said:
Il am not insensible to the fact that
a man convicted of crime has hard
road to travel. Because of his con-
viction. he is an object of suspicion.
both by the public and the authorities,
and, ofttimes it is difficult, if not inn
possible, to make headway. The world