davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1921-10-08
Business Heads To
Normal PLane---Du1,' S

Business returning its normal plane according to the
weekly review of R. G. Dun Co., made public today when
this firm points out that it sees STEADY progress
This view is said is taken in recognition of such unfav
brable facts as persist In part the looked
seasonal but attention is called to the fact that
in basic industries are of character Ito
strengthen sentiment r. :a - -. ~, -. g..
In discussing situation, the review in parts
1.-The Pacific Northwest reports charging demand for
lumber the East while iron and steel output at leading
rising above the point of extreme depression of
last Such phases these do not fully
the scope economic recuperaon but representa-
tive Of the constructive changes that in and
tend modify the unsatisfactory aspects which continue
present OF the latter conditions of unemployment remain
conspicuous and exert decided effect distribution
of goods in consuming channels. -. .
'The price question is also influential in curtaling the
retail turnover special offerings reduced prices
do with the that would develop the
public purchasing not restricted Despite the
elements making for caution, however the disposition in
increasing number of instances to place
commitments frequently the depleted stocks of
chandise being factor in this connection"
The Washington times., 1921-10-08

only grows through the friends that
II makes. and II only makes these
friends by. giving good service.
'"The United States is especially
short Of experienced bankers. par.
ticularly In the line Of foreign trade
banking. Our foreign trade has ex-
banded tremendously since 1914. For
instance, in South America six years
ago Americans were hardly known.
Today there are American banks In
all Of the important cities. repre-
sentatives Of American firms. and
American passenger steamships on
both the east and west coast. where
few years ago there We're probably
none.
,"our foreign relations have, ex-
banded very greatly. and that re-
quires men IN our financial institu-
tons, to handle the transactions in
volved, who have sympathy with and
understanding OF the problems which
confront American manufacturers
and exporters shipping abroad. and
American merchants importing for.
eign goods.
Men Of this--experience and large
caliber have got to be developed, and
are being developed. in order to take
care Of this business as It should be
taken care Of. That side Of bank
ing offers large. opportunities to the
right kind OF young men today
The Washington times., 1921-10-08

60 Work of Loan Company.
"A. local loan company, formed re-
Gently in Utah. win be able to borrow
eight or. ten times It's 100000
capital, as Is customary and safe
on well.secured cattle loans where
values are reasonable and manage.
ment good. So with the $200, 900
company organized at Cheyenne,
Wyo.. and with the company which
bankers from every county In Iowa
met yesterday to organize. Texas
will organize a. loan company TO deal
with the cattle problem at a meet.
ing at Fort Worth or Dallas next
Wednesday. -
The War Finance CORPORATION acts
The Washington times., 1921-10-08
Morgan Partners Approve.

Among those who sized up Potter
as q financial and business giant were
the Morgan partners.
They especially admired his faculty
for tempering his aggressiveness. his
daring. his enterprise, with sane con.
servatism. ~ -
He possessed in conspicuous meas.
IRE what high finance calls balance"
When II became known that Morgan
interests were strengthening their con.
nection with the Guaranty Trust Com.
pany. little surprise was expressed
when Potter was installed. last March,
as chairman OF the Guaranty Trust
board OF directors. He continued in
this position until this week. when he
and Charles H. Sabin, the dynamic up.
builder OF the Guaranty--Potter's
brother-in-iaw, by the way--exchanged
titles.
The Washington times., 1921-10-08
New York Cotton Exchange.

NEW YORK. Oct. S.-Ths cotton
market was featured at the open.
ing today by heavy selling by Wall
street and. Japanese interests which
caused a drop OF II to a. points In
initial quotations.
There also was a continuation of
yesterdays liquidation movement
and some selling by the South. Be
cause OF this pressure. frost. which
was reported at a number OF points
in the Southwest was practically ig.
nored. & --.,...
Later the list' acted about steady.
with quotations about 30 points net
lower at the end Of the first fifteen
minutes. -.s - -
Opening prtces follow; October,
3is. 200 IS: December, $3.50: January,
sis.f6; March. $500; May. $3.50;
July. t1S.2D: -. ~ -: ~.
The Washington times., 1921-10-08

, 81. IBrsdstreet's View.
~ Bradstreet's says:
Industrial expansion previously re-
iperted has solidified into some definite
statistics OF enlarged production Of
basic commodities, notably. coal and
fsoke. iron and" steel, lumber. cement,
.sother building materials and hard
lEare. From quite q number Of cities
reports are that q small but stifl per:
.septible gain In, employment 10 notice
liable. Perhaps the most notable step
4orward. however. Is that revealed IN
tfhe Increasing number of reports indi.
tSAting better collections.
The Washington times., 1921-10-08
U.s.. Aid to Liue Stock
Industry Goes Far

That the assistance given to the livestock industry by the
War Finance Corporation is ending LIQUIDATION restoring
fdence saving for Eastern industries purchasing
of great Importance, declaration made in New York
yesterday afternoon by Eugene Meyer r managing director
OF the corporation. r.. - ~ q. -.~ y |t&.z$
The few hundred thousand dollars thus far advanced he
said, have had farreachng moral effect especially by en-
couraging the formation of local loan companies,
MANY small banks said Mr. Meyer, had become involved
morally through placing soaled excess loans with CORE
spondents Efforts to meet the notes they fell due led to
dsorderly liquidation. -; 49,. - =. ~ -.
"The market has been flooded with immature and even
breeding cattle endangerng the meat supply in to come
Lake business who had less confidence on the present
safer level than when prices booming and who
had lost money month after month became hopeless
1--WE have been able to the whole situation AS
banks in California knew that would advance half OF
the requirements they wished to advance the
tire Any territory that does not with
likely lose its cattle industry to neghboring States
The Washington times., 1921-10-08

Perhaps tie best description Of the
weeks events is that furnished by the
phrase, Further moderate improve
ment.' sight not being lost of the fact
that buying il still largely for present
wants being the basis of the gains in
preceding weeks. now, visible In the
form Of definite monthly statistics. In
this connection It might perhaps be
well TO take with allowances, some
overoptimistic advices.. bred of these
visible gains, pointing to a probable
big surge forward in business. EVIL
dences Of which are still not clearly
dfscernible to conservative eyes"
The Washington times., 1921-10-08
Foreign Exchange.

NEW YORK. Oct. 8.-The foreign
exchange market opened steady today.
with demand sterling u cent higher at
$3.79k- Francs yielded l centime to
7.23 for cables and 7.22 for checks.
Lires were u point lower at 400 for
cables and 3.99 for checks. Belgians
were unchanged at I'll for cables and
ITO for checks. Marks were un-
changed at .00S1h. '-''
Other quotations are: Guilder ca
bles. 332.56: checks. 32.53. Sweden
kronenn cables. 22.s0: checks, 22.85:
The Washington times., 1921-10-08
Baltimore Grain Market.

BALTIMORE, Oct 8. - Wheat -
Lower; No. red winter, Sl.I5h;
No. red winter garlicky, $l.I0k
Receipts, $3.50 bushels; shipments,
SASS bushels. 49,
Corn-Dull: No. Q yellow or better
domestic, soc. Receipts, 1892 bush.
els: Shipments 4.23S bushels. =.
Oats-ouiet: No. Q white domestic.
$50 acc. Receipts, $3.50 bushels:
shipments. $3.50 bushels.
.Rye-Easier; No. western export
spot. s0c. Receipts. s,102 bushels:
shipments. 10. sos bushels.
Hay-Quiet. Receipts ample. 49,,
rlour-Dtill. ''' .''0 .''- "
The Washington times., 1921-10-08

Neither was born
or started work
In New York
c harIe o q
Mitchell, presi'
dent Of the Ma
tional city Bank,
began In an In
dustrial plant In
Chicago, while
william C., Pot
ter, the : new
president OF the
Guaranty Trust
Company. began
farther West al
O mining engi'
neer. ?
BILLY" Potter
n an interesting
A..A aAA hn has
The Washington times., 1921-10-08

as rediscount bankers for these local
concerns, which assist us IN getting
our money out. safely, promptly and
extensively. Growth or condolences
Is Illustrated by a man ~ Colorado
who wrote US lately that he will now
buy 5000 head Of cattle to Craze on
land that had been going to waste.
All the States west Of the mississippi
and corn States east Of It are cheer
ing up. p. :. -. s.~@s,
This restores to the industries Of
New England. New York and Penn
sylvania, as well as other sections, a
market the purchasing power OF
which would be negligible II the
acute sufferings of the live stock
industry had continued.
The Washington times., 1921-10-08

Friends are Of prime Importance
to the man who wants to succeed.
You can seldom foresee where you
are going to want help, whether In
mining or banking. and a lot of good
friends are a tremendous asset. Par.
ticuiariy IN banking. sincere friend.
shin based on mutual respect and
mutual service from the hank to the
customer, n very important A bank
The Washington times., 1921-10-08
Road Asks Bond Issue.

The Western Pacific Railway Com
pany today asked the Interstate Con,
merce Commission for authority tc
issue s3,000,000 OF first mortgage (
per cent bonds maturing July 1, ls4s
and to be redeemable on any. interest
state at 1921. The proceeds are to bs
used in retiring certain equipment
notes
The Washington times., 1921-10-08
Rock Island Is Guarantor.

The Interstate Commerce Compais-
sion today authorized the Chicago,
Rock Island and Pacific Railway Com
pany to assume obligations for Habll-
ity as guarantor by Endorsement for
the payment OF principal and interest
OF ss1s.000 OF first mortsage gold
bonds Of the St. Paul and Kansas City
Short Line Railroad Company. '':>'
The Washington times., 1921-10-08
Cubs Cane Deposits.

!, It Is estimated that SO. 14s, 700 of the
Cuban Cane debentures has been de-
posted. ~.
This estimate is stated to have been
made by ian Interest in the Cuba Cane
Sugar Corporation"
~ Statements purporting to come from
these sources In the past have often.
times proved incorrect, TO say the
beast. Deposits Of this amount would
represent less than rs per cent Of the
total outstanding debentures.
A good part OF them Ia no doubt
made up by interests very close and
friendly With the company, who would
raturally deposit at once,
b others will be slower coming In.
and n viii not be until the last few
days that any idea can be had whether
the 410.000,000 financing will step In
front OF the debentures.
The Washington times., 1921-10-08

2
had an interesting career.
Although come Of a banking family
his father Ia Edwin A. Potter. q
leading Chicago banker-Billy con-
tracted love for Western ways and
Western people when spending boy.
hood summers on his fathers ranch
In Idaho, and he, decided to 90 in for
some line OF work which would take
him out West. Therefore, he attend.
Cd the Massachusetts, Institute Of
Technology and graduated with the
degree Of bachelor Of science In min.
ing engineering. d.. O..
e.. His First Move.
The first thing the graduate engi.
neer did was to make for the West,
and for months he, with only one
companion, drove q team all over the
Southwest. exploring unknown tracts
and here and there examining mining
properties.
tendent Of the Liberty Bell Mine In
Colorado, 1900 feet above sea level.
where snowslides occasionally enliv-
ened operations.
Young Potter's achievements began
to attract attention. and the Guggen.
helms. the multi.niillionaire leaders In
mining and smelling. grabbed him.
While still very young. he became
general manager Of their American
Smelling and Refining Company for
Mexico and the Southwest, and here
he won q big reputation. not merely
Who coui3 rrannIe difficulti.s and
transform unproinising Conditions into
successes.
T.
fam. "a ~ v Tan y..z a,o p.
- he nrst struck New York ten years
ago. he came 10 take the presidency
OF the Lntercontinental RUBBER COM
pany. Wnicn nso ex,ensiye proPerIes
Ia Me1ico' IN Cehtrai Airica anu eise'
~nere.
Apparentiy' howoVer, tne oanklns
D'eoa IN nun pes,n 70 asser' user ssn.,
~. yea M ne oe NE VIC
The Washington times., 1921-10-08

Potter .modestly attributes his rise
In the world chiefly to good fortune
and good friends"
s, Others attribute it to his insist.
ehce upon gathering and assaying
all pertinent facts before reaching
a decision; to- his possession of a
wonderful admixture OF technical
knowledge and financial sense, to
his capacity and liking for sustained
hard work. to his unusual aptitude
for attracting men Of large caliber
az friends. and to his absolute cheer
fulness and trustworthiness.
Mr.. Potter isn't voluble. but here
are few sentences from him which
may throw some light on the kind
OF man he In and the ideas he holds:
What success has come to me
has been due mostly to good fortune
and good friends. My friends have
always been ready ID help. have
never had anything more than ordi.
nary good sense. ! have stuck to
my work and have always been
keenly interested ~ what have had
to do. No matter what have been
doing, I have enjoyed my work.
The Washington times., 1921-10-08

- AND

~ n O. FORBES.

The new president OF the largest
trust company In the world 10 only
forty-seven. The recently elected
president OF the largest national bank
In America was only forty.three.
Neither began In the banking field.
The Washington times., 1921-10-08
Lefigh Valley Plan.

NEW YORK. Oct. !s.-The Lehigh
Valley segregation plan was received
better than was expected.
. This L. because It provides for cut
ting Of q ripe melon instead Of a sour
one. as in the case Of Southern Pacific
and Reading. -. ~ =.
Lehigh, Valley stockholders can see
Whore the coal company shares may
prove valuable. -
No exact statement of Lshigh Valley
ieoai earnings has been forthcoming.
Nut q comparison with other railroad
eoal producers gives rise to interesting
Indications. ~'.'. ,.'.'. ..- .
The Delaware, Lackawanna q West.
Tern Coal, Company, for instance, on a
capitalization Of about $11 900. 900
harmed over, -. 100000, OF total assets
jot =. er $22.500.000. the D.. L. Il W.
Coal Co, showed only $4,000 as the
value Of its. property. the balance be
ing liquid assets such as coal. cash
and accounts receivable.
OF course the good feeling created
by the plan IL all contingent upon the
mction Of the Supreme Court in regard
TO the Governments objections.
It IL felt, however, that even II these
objections were sustained the main
iparticulars OF the plan will remain
nndisturbed;. that Is. that the segrega'
MON will be7A=real distribution Of as
sets andiwin not he an assessment; :
The Washington times., 1921-10-08
Wants 10 Invest Sf,eee.


G. n. b., Aiexandria, VAL have
1000 10 invest in two bonds and two
preferred stocks. am looking for
permanent Investments.
e.. Answer--We suggest one $500 LII
nois Ccntral 81 per cent bond. on,
$500 Chicago and Northwestern 6h
per cent bond. five shares American
Locomotive preferred and five share'
AtchisOn Railway preferred.
& We believe these will prove good In
vestments for YOU.
Desires to Invest 5000.
r. E., Fourteenth sfreet--I have
90. 900 which would like to invest
in good bonds to return about Z per
cent.
I know absolutely nothing about
bonds and Investments in general.
hence this letter to you.
Please name eight different bonds.
What do you think Of foreign gov
eminent bonAsf What does the Ab-
breyiation DO" meant
Answer-You might buy one each o
the following bonds: Delaware An
Hudson u, 1880; Pennsylvania Rail
road 6ks, 1889; Diamond Match 7ts
1885; Great Northern Railway 10, 1895
Bell Telephone Of Pennsylvania "a
ls%s; Kingdom Of Belgium 81 le4l
French Republlc 7jSs. i9lb and King
dom Of Sweden Sc, 1889. ~ : D..
These eight bonds may be obtaine'
for approximately $1,000,
We have added three foreign gov
eminent bonds to the five strict.
American bonds, 20
OF course there are many othe
available lists and these are merel,
tentative suggestions. but probably q
rood as any yielding as much.
do" n the abbrebiation for Dom
The Washington times., 1921-10-08
Local Stock Market.
SALES.

SALES
Capital Traction. 2686M, 25@86&.
Union Trust Company, 10@ll9.
Mergenthaler Linotype Company.
1@120h. -.
AFTER CALL - Washington Gas
Light, 10@4S.
The Washington times., 1921-10-08
PR0pOS.

OFFICE OF THE coMMIssIONERs. D.
C.. Washington. October .. 1871. Sealed
proposals win be received at room SOS.
6.;s5,s, sr''s.f until Ssaoes u,;orm;
and caps for members Of the fire and
police depaItment. for period Of one
room $40. District building. cUNo II. 3Ru-
DOLPH. JAMES y. OYSTER, CHARLES
KELLER. Conmissioners. D. C. - :.
coMMIsioNERs. D. c. octobeF 6. 1851.
Room 500 District Ruiidins. until, soleek.
p. m. November .. 1871 for furpish,rs
three patrol wagons, use IN Police be-
to Room arc District Buildins. 'cupo Il.
Rudolph. Charles w. Kutx. Janes Y.
Oyster. Commisstoners, D. c. L. -
The Washington times., 1921-10-08
INVESTORS SERVICE

II you have IN investment problem
Ths Times , ~, b sl.S 70 : .,s yss
: addressed envelope for reply, and
address tho Finsncial Eaiter.
The Washington times., 1921-10-08
Market Notes.

: MdIkot Not0s' 90
NEW YORK. Oct. "s.-rhe stock
market closed irregular today; Gov
eminent bonds pnihanged; railway
and other bonds Irregular.
Total sales of stocks for today we're
:72. TOO shares. bonds. tS,SS3.00o. ~;
Total saies Of stocks for the week
were 2,ss+.soo shares; bonds, ssS.fi2:-
The Washington times., 1921-10-08
Steel TONNAGE Monday .

(, The United States Steel Corporation
viii issue itssunfilled tonnage reports,
as of September 30, on Monday.
There are some analysts who look
for q slight increase over the 1881 1925
tons on the books as Of August 81.
This estimate, of course, Is based on
the increased operations due to the in
.creases in price on wire products and
sheets. "
Il In the first place, It should be re-
-rnembered that wire products do not
amount to the same tonnage as do
s6ther materials. =,
Then, again, q number Of consumers
who placed orders to escape the higher
Tprices did 20 on old specifications
which have been on the corporations
books for some time. Steel interests
state that, on September, 20 the ton
mage was about running even. so that
whatever the tonnage ia II will show
whether or not demand has slackened
or increased in the last ten days Of
the month. e."
The Washington times., 1921-10-08
Another Revival.

:. Texas and Pacific Coal and OIL. the
sstock that broke a stock exchange
The Washington times., 1921-10-08

September sales are reported to
have shown an increase Of per cent
over August. During August sales
showed q gain Of over 10 per cent,
compared with July. ' - -. -
The Washington times., 1921-10-08
White Motor Strength.

p: In the face Of general weakness in
the motor issues. White Motor holds
up like the Rock OF Gibraltar.
This Ii due mainly to the favorable
reports being received from Cleveland
regarding the company's operations.
Output has been steadily increased
from the very low level of four months
ago. ,..-
The inventory which was mark I'd
down at the beginning Of this year
has been steadily reduced. which &C.
counts for part Of the increased pro-
duction. d
The Washington times., 1921-10-08

Professional TRADERS! want Babe
Ruth to understand that stealing two
bases is q cinch compared with grab
hing fractions I'm the market nowadays.
The Washington times., 1921-10-08
Crushed Fruit"

In stock exchange sparlance. a
brokee who ls easily fooled in, stock
commitments is considered fruit"
There have been a D., number of
curb brokers who have" 'guessed :
wrong ', concerning. =. Crushed Fruit
stock dealt In on that exchange.
They have been selling It short.
Several weeks ago some OF These
brokers went to the insiders Of the
company and asked to be let off. A
settlement was made under the mar.
ket price. but the same squeaIers
are again found short Of the issue
and have seen. II advance SHARPLY.
There will probably be some
Crushed fruit" in p the vicinity Of
the curb exchange shortly.
The Washington times., 1921-10-08
The Approved Method.

~ Some folks ideas Of segregating
property. under the antitrust act ap.
rparently. IN not to let the left hand
know what the right hand IL to do.
The Washington times., 1921-10-08
Favorable Copper Omens.

AS bearing on the copper metal
market, We see a favorable omen in
the American Smelling balance shee,
as of June 5000 thinks one Of Wall
Streets analysts. tr'
The haiance sheet shows $5s. 900,
Jo0e OF current. assets of which s4s,
000.o00 were metals. as compared
with $16,o0O 900 current liabilities
= This, before any definite improve
nent. was shown in the price Of the
red metal.
There Is little doubt that the metal
account IL being now worked down
and I have. not included in the above
calculation Of current assets OF
$780, 900 materials and supplies
which are as good as cash to q
growing concern.
The Copper Export Association
has sold about 10000, 900 pounds of
copper at price In excess Of 1:
cents a pound. This would mean
receipts Of, over $20.000,000.
With these funds, 1t ia under stood,
the association plans to buy more
copper at current prices and carry
It along. This will still further re.
lieve the domestic surplus and Is
expected to result in even higher
quotations for the metal.'
The Washington times., 1921-10-08
sc ssarrrI MAP P1lsIsr s Isb lAArpruS soe

ave, true sayise n AS SO.ins.. ioiS sv.
health and family affairs; tells the name
OF future husband OF wife and how 20 viz
or, family troubles. tells what business snd
what part OF the worideis fuckiest for you
and now 20 avoid all trouble. Phsss
ti 9Th ct. n. w. usxt, to BYE q. Qypl
HcCrorys ice store, = '.i ~ . .I.s
The Washington times., 1921-10-08
Studebaker Trouble.

In regard to the selling of Stude-
baker. whisperings are heard re.
garding certain errors in computing
costs.
The Washington times., 1921-10-08
Chandler Puzzling.

The continued offering Of -Chand-
Ter Motors has caused a little be.
wilderment among traders. 1t ia
all apparently coming from one
source.
Those classed as insiders have not
changed their opinion that the $3.50
Fquarteriy dividend will be main.
tanned for the balance of the year.
In some circles Il is. stated that
two;of the largest traders have been
making quick turns, due TO the lack
Of support. i j.,
The Washington times., 1921-10-08
Wall Street GOSSIP

house. has assumed a prominent posi-
ton. ,...
The Washington times., 1921-10-08

voyant. crystal saser and card resder. Ad-
vice on ali troubies. Daily. sunday. t-f.
Phone Frank. sst. lss 18th q. N, w.
MRS, ,KARro, elairyoyant and psyehte
and health: win give s.test reading for !.
;hcrt time only, This coupon and Soc. SOS
The Washington times., 1921-10-08
5oc MADAME MAyIs : :. soc
Have Your rertune Toid ny :,

THE GREAT EoTfTfAN' p PfxIMrsr.
gives Nance. dates ana fscts known only
to yourself, advice on bnsinsss, love. luck.
anythlng pertaining 20 your welfare and
hsppines.. Don't fail 20 consult this Won
derful Egyptian. You will find trus, help.
siS 18th Sc n. w. bet. n. and SITS.
The Washington times., 1921-10-08
PROF. BELMONT

Egyptian psimtst with singular power
can advise you how TO be sueesssful
business, health and family affair; Siv,
rAmovea aYil infiuencan RI u NJ. NV.