davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1921-08-18
Euents of Today
 In Birmingham

Realtors lunch, 1 o'clock, Tutwiler hotel.
 Business and Professional Women meet at 6:3O o'clock in the club rooms.
The Birmingham age-herald., 1921-08-18

Speaking of features of the business, Mir. MfIisap said; "We have done the best business in August and last week of July since that of year ngo- We could have done . bigger busi- ness than we have done but for the conservative position that we have, taken In accordance with the general spirit of cnution.
 we were among those who more or less felt the scare as to collections during the past sev-
The Birmingham age-herald., 1921-08-18
Reports Best Sales
 Since July Year Ago
 And Fine Collections

Our business during the last three four Juy 1920 said N " Misap Hat Cannanu Ine aIaraIaL aLat4a-s
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-01-22
Boston Produce Market

Boston, Jan. 81.
BEEF-Choice whole cattle II.
BUTTER-Extras 52a@53; firsts As
@51.
CHEESE-Fresh choice 2G@26a.
CORNING. yellow 90@92.
EGGS-Nearby hennery 72a; western
extras 20.
sacks, special shorts 1915 011O0;
standard 950@1050.
HAY-No. 2 timothy 1905.
LAMB-Spring 24@25.
PORK-Medium backs 3S25.
TATOES--ArooStook ITS @190 per
100 pounds on. track; sweets 160@175
per hamper.
quotes IT'S cents in 100-barrel lots
less 2 per cent. for cash.
VEAL-16M2O
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-01-22
Androseoaqin Single Jury

Androscoggin Single Jury
For the first time in its history. the
Supreme court in AndIoscoggin coun-
ty has convened with but one traverse
jury. From the 30 names drawn. so
large a number were excused BECAUSE
of illness, pressing business or inengi-
bility, that too few remained for a
second Jury. Because of this Mrs.
Harriet Spiller-who was appointed
second jury officer-will not be called
upon to serve In her official capacity
unless she alternates with the officer
in charge Of the first jury. The first
jury trial of the term opened Thurs
day morning. Suit was brought by
Mrs. Lizzie Cookson Of Auburn against
H. D. Barker and company of Gardi-
ner for damages sustained when snow
and ice fell from the roof of q build
ing owned by the defendants. The
plaintiff alleges negligence. According
to the testimony. Mrs. Cookson and
her daughter were on their way to
work. Feb. 10. 1918, passing along Water
street in Gardiner. near the johnson
house. Mrs. Cookson was knocked
down by the snow which slid from the
roof. and because Of the injuries she
sustained, suffered severely for some
time. She claims that she still suffers
evere pains in her head at times. and
that for two years there has been
part of the time that she has been
unable to work. The case was tried
originally at the Augusta term, but at
that time the plaintiff thought the
snow fell from the Bell building. F.
A. Morey appeared as counsel for the
plaintiff. and W. R. Pattangail for the
defendant.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-01-22
Bradstreet's Report

New York. Jan. 21.-Bradstreet's to-
morrow will say.
Improvement is still the keyboard
in the trade situation but there is still
great deal of irregularity ip the re-
ports, different industries and sec
lions of country sending in varying
advices.
For one thing, wholesale distribu-
tive trade seems to have held all the
ground gained in recent weeks, where
as on the other hand retail trade is
rather quieter and mild weather in
parts of the west being charged with
affecting sales of winter apparel. Per-
haps the most marked Improvement is
noted in adyices as to gains in man.
ufacture and industry. but these
gains are not uniform, NOR are the
reports from the country as whole
uniform.
Best reports as to wholesale trade
come from the big primary. markets.
next to these being the west general
~ and few Pacific coast markets,
while the south, possibly owing to re-
action in cotton prices, shows little
ground gained.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-01-22
MONMOUTH

The regular meeting OF Boynton
Chapter. o. E. s.. No. IS. was held at
Masonic hall. Thursday evening. The
officers for the year were installed by
PastMatron Mrs. Lula Atwood Of Lake.
side chapter. Sabattus, assisted by Mrs.
Annie T. Prescott who acted as grand
marshal and Mrs. Maud A. Wing as
grand chaplain, as follows: Worthy
matron, Mrs. Carrie B. Deane; worthy
patron, Willard Day; assistant matron,
Mrs. Anna Hendees; secretary. Mrs.
Julia d. Pike; treasurer. Mrs. Eva
Woodbury.; conductress, Mrs. Amy
Patten; associate conductress. Mrs. Eu-
nice Day; Adah, Mrs. Bernice Day;
Ruth, Mrs. Mary Greenlief; Esther,
Mrs. Doris Davis: Martha, Mrs. Belle
Cobb: Electar. Mrs. Ethel -Chenery;
warder. Mrs. Annie Prescott; marshal,
Mrs. Ruby Kennedy: organist. Mrs
Ruby Haskell; sentinel Clair Wing.
After the installation the installing
officer, Mrs. Atwood was presented With
a cut glass vase and the worthy mat.
ron. Mrs. Carrie B. Deane was Dr..
scented with the past matrons jewes..
Six names were balloted on to receive
the degrees of the order and four APP
plications for membership were re-
ceived. Refreshments OF ice cream And
cake were served. Several visitors
were present from out-of-town.
Lewis Hayford, commander Of q. K.
Norris Post. g. A. R., was the happy
recipient Of post card shower. Jan.
16. The occasion being the anniversary
Of his 9ist birthday. Mr.. Hayford il
the oldest man in town and has the
gold headed cane given by the Boston
Post.
John w. Ingersoll Of Bolster's Mills,
was the guest of his parents, Mr.. and
Mrs. w. s. Ingeroll on Friday and Sat
urday.
Mr.. and Mrs. William West and in
FAINT daughter OF North Monmouth,
have been visiting Mrs. Vests sister,
Mrs. Sullivan Rolfe and family.
Mrs Augusta Smith OF Lewiston has
been visiting friends In town.
DR.. Harris Of Shuman Mills IL at the
home of his daughter. Mrs. w. A. Cobb
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-01-22
Chicago Cattle Market

Chicago. Jan. 81.
CATTLE-Receipts 5000; beef steers
steady, spots lower; nothing choice
here; top 900; bulk 775@S75; bulk
stock steady to lower; few choice
heavy cows 700@725; bulk 5Oo@6OO;
butcher heifers largely SIS @675; can
ners and cutters mostly 325@425;
bulls closed weak; bulk bolognas 540M
e Sood ve ad CAVES ahoc y en5s o9ndgher bulk
and feeders slow to lower.
HOGS-Receipts $4,000; fair, active
% to 40 cents lower than yesterdays
prices: top So; bulk bulk oo@ss5: p piss
35 to 40 cents lower; bulk desirable so
to 130-pound pigs 940@ $50.
SHEEP-Receipts 5000; lambs
strong to higher: lamb top 100; bulk
1000 @ 1875; choice 115-pound ewes
975; selected lot prime 95-pound ewes
at higher figure: bulk fat ewes 450@
$50; yearling top 9S5.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-01-22
Stock Markets
NEW YORK MARKET
Features Of the Days Dealings in All
the Leading Stocks

New York. Jan. 21.--From the out
Get of the session business on the
Otoc}c~exchange today was marked by
an absence of the recent operations Of
bull pools. and popular issues, to-
gether with numerous inconspicuous
opecialties. registered declines from 2
to 81 points.
There were few isolated excep-
tions, relative firmness being display
cd by several of the motor, oils, ship
pings and food issues. but the day as
. whole pointed to an accession of
bearishness in the professional quar-
ter. Dealings, while such stocks as
steels, equipments and oils were under
especial pressure, resulted in a number
Of severe losses. Sales amounted to
$4,000 shares.
Bankers continued to express conf
dence in the. immediate future of the
credit situation, but this failed Of re-
Section in the money market, where
rates for demand and time accommo-
Aations were again inclined to stiffen.
Advices affecting the domestic in
aAstrial situation dealt principally
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-01-22
Bath Meat Cutter Dies

Horace G. Jaquith, ga, died at his
home on Center street, Bath. Wednes-
day night, of valvular heart and kid
ney trouble. Mr.. Jacquith had been
i'll for the last three months and was
recently operated on at the City.
hospital. He was born in A Ion, a
son of Harrison and Octavia Jacquith
and had lived in Bath for the last
four years. He was meat cutter by
trade but the last year has been
working for the Park and Cemetery
board. He Is survived by his wife,
who was Abbie Littlefield of Durham
and four children, Mrs. Edward
Guynn. Mrs. Donald Avery, Horace e.
Jacquith and Harrison Jacquith of
Bath. and one brother Reuben C. JAG
quith Of New York city.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-01-22

cases; fresh gathered extras firsts 66a'
OIL; do. firsts 65@66; state, Pa. and
nearby western hennery white first to
extra 68@73; do. brown extra 69@7O;
do. gathered brown and mixed colors
first to extra 65@6S; refrigerator sec
onds 5000.
POTATOES-Easy; Maine 1870 lbs.
300@350.
changed.
2 Raw sugar prices were unchanged
today at AZ cents for Cubas a f,
equal to $50 for centrifugal. In re-
fined prices were unchanged at IT'S for
fine graduated with moderate in
quiry reported. Futures were most
active and prices were firmer on COW
ering and buying by Wall street which
was credited to western accounts.
January closed at 4.50, March 463, May
AIS and July 4.SS. all bid
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-01-22
with announcements of further wage

with announcements Of further wage
reductions, coal strike in Pennsyl-
vania, suspension of coal shipments
from Kentucky fields and moderate re-
vival of activity in the shoe trade.
Movements of foreign exchange were
chiefly noteworthy for the renewed
strength of French remittances, which
rose to 6.77 with a concurrent advance
in the Belgian rate and more substan-
tial gains to the northern European
points, as well as Italy and Spain.
Completion of the $40, 100000 Bel
gian loan on 20-year 8 per cent. ba-
sis was made the basis Of much con-
lecture respecting other foreign un-
derwritings which now are engaging
the attention of American financiers.
The bond market was firm in the
main on the smallest turnover of any
recent period Liberty bond issues
closed at variable advances after
moderate reactions and other donles-
tic and foreign fiotations were disposed
to improve. Total sales, par value, .ag-
gregated $9,900,0n0. On call bid prices
Of old U. s. rs and As were 1 and
points lower RESPECTIVELY.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-01-22
New York Produce Market

New York, Jan. 81.
WHEAT-Spot quiet: No. red and
No. hard 1SS track New York
January shipment. and No. 2 mixed
Durum 1SS c f to arrive
CORN--Spot easy; No. 2 yellow SIS
To-day shipment.
OATS-Spot easier; No. 1 white Sc
PORK-EaSier; family 40.
LARD-F'irm; middle west 1855 %
BUTTER-Unsettled receipts 1904
tubs; creamery higher than extras 51a
@52; extra 80 score 501@51; firsts IS
to 81 score 43 q so: packing stock cur
rent make No. 2 %.
EGGS-Unsettled; receipts 1881
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-01-22
Chicago Produce Market

Chicago, Jan. II.
Announcement that seaboard ex-
porters. were offering to resell
prices today after bulge due largely
to inquiries from Portugal. The mar
ket closed heavy 80 to 81 cents net
lower. with March 1.64a to 1.65 and
May 1.54a to 1.55. Corn lost / to II
cent and oats Ii to IL cent. In pro-
visions the outcome varied from un-
changed to IL cents higher.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-01-22
Bankruptcy Petitions

The following voluntary petitions
in bankruptcy have been filed recent
ly In the United States district court
at Bangor: Leon E. Severance of
Bangor. window trimmer, assets,
$175: liabilities. $625.33. Harry L.
Cunningham of Troy, farmer, assets,
$2S77.o5; liabilities. $52843O. George
T. Maxfield OF Fairfield. laboref. as
sets, $3.50: liabilities $350.75. Guy l..
Heal of Milo. car repairer, assets,
none; liabilities, $615.74. Fred A.
Rogers Of Newburg. farmer. assets,
$500; liabilities. 5000. Edwin M.
Harding Of Etna, farmer, assets, 500;
liabilities, $505.25.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-01-22
Houses for Sale

conveniences. hardwood floors. large
henhouse. small fruits, double lot, one
6x10 rods. other xii rods. 81 kinds
shrubs and plants, 8 minutes walk
mar, TO electrics; good neighbors.
c. III. Beane, Gardiner.
GARDINER. MAINE-LaPlain house.
Lincoln Ave. Inquire of c. A. knight.
SMALL ACREAGE-Fine house with
garage and stable Present location
little way out from Water st. Must
sell at once. J. w. Beck Agency, 207
Water St. Tel. 1047-W.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-01-22

1ard CoIds-People whose blood IL
pure are not nearly so likely to take
hard colds aS are others. Hoods Sar-
saparilia makes the blood pure; and
tins great medicine RECEIVERS the sys-
tenn after cold as no other raedi.
cline does. Take Hoods ADV.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-01-22

for the winter. Her mother. Mrs. Har-
ris is visiting in Portland.
Mrs. Clifford Contine OF Sabattus was
the guest the last of the week of Mrs.
John Hewett.
Funeral service for G. Llewellyn SAT-
ford will be held Sunday at the Metho-
dist church at 1.30 o'clock.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-01-22
New York Money Market

New YOrk WAOucy N1dTkct
New York, Jan. 81.
Prime mercantile paper TAGS.
Exchange firm.
Sterling 60-day bills and CONNER
cial 6O-day bills on banks 3.723; de-
mand 3.77a. cables SIS.
Francs, demand SIT, cables 6.79.
Belgian francs, demand I'll, cables
7.13.
Lire. demand $50, cables 1852.
Marks, demand 1855, cobles 1.69.
Greece, demand $50.
Argentine, demand 1885.
BRAZILIAN, demand 1900.
Montreal. 12s per cent. discount.
Time loans steady: so days. 80 days
and six months 6@63.
Call money firm: high z. low s. rul-
ing rate z, closing bid 6, offered at q,
last loan q bank acceptances 81.
A. T. G. T. CIV. IS ............... $50
Atchison gen. A - ~
r. e. O. CIV. AIS ,. 500
Central Leather SIS ........ 92S
q. ii e O. joint As ,... 50
c., r. l. & p. fdg. IS ..........y 50
Int Mer. Mar 6s|............. S2a
New York Central SIS ..-.... 924
Penna. gen. As ........:...,.. 81
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-01-22
Situation Wanted Ad Is the Confidential Way
FINANCIAL
Business Opportunities

Busin0se Opportunjsioo -
GROCERY BUSINESS-Old estAb-
one OF the smartest villages In Maine.
Present owner been doing drst
class business at same stand for
over fifty years and only on. account
OF i'll health he Is forced to retire.
Here is q grand opportunity for some
one: will 60 into every detail with.
anyone that is interested. Amos III.
Higgins. Property OF every descrip-
ton. Tel. 626-M: 1185-W. Augusta.
OLD EsTABLISHED COMPANY-Has
opening for reliable man in Augusta
cash to carry supplies. Wonderful
opportunity. Expenses will be paid
to Chicago to right man. Fielder. sos
Marquette Bldg. Chicago.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-01-22
BY J. G.. Keith
At Sell En- Stables
1862 N. Beacon ST., opp Stock Yards
Brighton Dist, Boston, Mass.
Grand Horse Auction
Wednesday, Jan. Is at 10 4. n.
300 HEAD HORSES 300

1 Carload from Leo Ranch, eushweiI,
III.
2 Carloads from Hull Bros, oss
Moines, Iowa.
I Carload from Robt. Adams. Plank
ington, S. Dakota.
I Carload from Leroy Marsh, GaIss.
burg, III.
I Carload from Gaiesburg Horse 4
Mule Co., GaIesbura, III.
I Carload from chas. Mailman, Ian.
caster, Penn.
I Carload from Ed. Eastman, Derby
Lane, VI, Aeeiimated Hersss.
20 Head Team Horses from Spring.
field Construction Job.
16 Horses and Mules from Jewell Tea
Co.
A number from a we'll known baking
company, also 100 second hand horses
from local firms and private parties.
Several wagons, carriages and
harnesses
All consigned strictly for the high
dollar. Your price is ours.
A5RAM GIDEON, Auetionser.
ian22d3t
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-01-22
EMPLOYMENT
Statesmen and Agents

GENTS-Absolutely fastest selling
auto necessity ever produced. New.
Novel. Sells sight. Big prohts.
Exclusive territory. Joyce Auto
Products Co., 1858 Michigan Ave,
Chicago.
AGENTS-Lady or gentleman wanted
in the city of Augusta to sell the
genuine j. r. Watkins medicines,
spices extracts. toilet preparations.
ETC. All or spare time. A wonder
full opportunity to get into business
particulars and sample. ]. r. Wat
kins Co.. so New York, N. Y.
AGENTS-Get Into Business. Watkins
1877 products sell to every farmer. II
you own auto or team can give bond.
write today fer information where
you can get territory for selling
products of largest institution of
kind in world. Twenty million users.
]. r. Watkins Co., Dept. Ill, Wlnona,
MINI.
AGENTS-Producing Tailoring ones.
Mems made-to-order suits. Finest
materials. Prices cut to the bone.
Spring swatch line ready. Leeds
Wooden Mills, Chicago.
Observation-Disclosures, by the
Connecticut Mutual Life Insurance
Company of Hartford. Conn.,, for Au-
guSta. Apply by letter or in person to
Norman D. Merrill S03-4-5 Fidelity
Bldg, Portland, Maine.
MEN-Wide awake ones, to take
charge of our local trade; Sc to IS a
day steady; no experience required;
pay starts at once. Write today.
American Products Co., 2945 Ameri-
can Bldg, Cincinnati, Ohio.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-01-22
Wanted-ReaI Estates
80

FARM-To lease one Il to years.
that will carry from 6 to- 10 cows, .
miles from Augusta or Gardiner. Ad-1
dress Farmer" care Journal.
GARAGE-Advertise wishes to buy
one, or repair shop; will cons ider
either small or large town. State
full particulars and lowest cash
price. e." Box 632, Wiscasset. Me.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-01-22
EMPLOYMENT
Statesmen and Agents

SALESMENA-We Recognize No Com
petition because of the unique and
most essential nature and u. S. pro-
tected article exclusively owned and
controlled by US, clearing upward of
$4,000 per day. for statesmen. Govern
ment created demand. If you cannot
sell this speciality you will fail SELL
ing life preservers on a sinking ship.
Definite cooperation. Jerome Laadt,
Pres, South Dearborn St., Chicago,
Ill.
SALESMEN-To sell new educa-
tional speciality to school trustees.
Liberal propos ition. no competition.
Union School Furnishing Co.. Chart
Dept. 102S-1036, w. Van Buren,, Chi
cagO.
SIGNS-For stores and offices-entire-
ly new-$50 week easily made. Chi
cago Sign System, A326 River St.,
Chicago.
WASHING TABLETS-Sell Marvello.
Great profits; sure repeater; unusu af
proposition to live wires. Sample 1Oc.
Brunei y Demers, 1876 Jefferson Ave,
Salem, Mass.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-01-22
FINANCIAL
Business Opportunities

Business Opportunities SO
book mailed free.
Standard Advertising Agency, 6 Vic
toria, st. Louis.
GROCERY BUSINESS-Well estab-
lished, in Kennebec county. To the
right party this is an opportunity to
secure profitable and successful
business on good terms. j. w. Beck
Agency, 207 Water st. Tel 1047-W.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-01-22
LIVE STOCK
Horses, catsls. Vehicles

Horses, cattle. Vehicles -
CoW-New Mich. r. J. Brown, Au-
gIsta. Tel. 238-22.
COW-New mich, with calf John
Read, Gardiner. near Merrins Cpr.
ner. Tel. 18TH.
HEIFER-Holstein-G Guernsey, nearly 3
yrs. old. Good milker. 20 Bangor
St, Augusta
LOGGING SLEDS-Also few Barred
Plymouth Rock cockerels. 50 to S.
each. Ancestors Parks 225-egg
strain. Higgins Bros, Riverside
Drive. r. /, Tel. 32S-44.
SLEIGHS-2 Bailey, 1 trotting. one
horse traverse runner sled with body.
John Carroll, ~ Elm St. Gardner.
Poultry and Supplies -
ROOsTER-Large white Wyandotte
from Morse Farm, New York. C1ar-
ence n. Berry, Gardiner, r. II, Box
107. Tel. 1921.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-01-22
MERCHANDISE

Articles for Sale 81
KNITTING YARNS-Don't pay high
prices for yarn. Send for samples Of
our all wool sweater, mitten and
stocking yarns. Home Knitting
Co., Madison. Me.
sKI!s-And snowshoes. wei made.
Make selections now. J. H. Cogan
Company.
NOWSHOES-Have dropped in price.
See us. Fifield Bros Co., opp M. c. r.
r. station.
Business Equipment 81
OFFICE DESK-Fine mahoTany, So
Grove St Tel. $40.
Building Materials 81
DIMENSION LUMBER-Box boards
and Grating. Wholesale. Kuiper
Lumber Co., SIS Elm St., Waterville,
Me.
LUMBER-Second hand lumber q. q.
Armstrong Co, over Hersom & Bon
sails. Cor Bridge and Water SITS.
Tel. 52S-M.
Fuel and Feed IS
GREEN OBSERVATION-DISCLOSURES in
Augusta. Fred w. Lee. 20 Swan st.
Tel. 294-W.
The Cordova daily times., 1921-04-08

Write Violet Ray 8. Dennison, Ohio, if you wish pretty and wealthy wife. Enclose staUp.
The Cordova daily times., 1921-04-08

cess, others may be expected to come soon.
 The plane gives promise of having a great advantage over many other means of transport for the prospec- tor. It will cover in hours stretches which have required weeks to trav- erse by dog team, canoe and even by steamer. It will reach within the fraction of day locations now con- sidered all but inaccessible.
 Men desiring to go into far distant district will be enabled to carry out fits for months of service as we'll as to transport themselves by the air routes. Trips to the supply center, and mining recorders offices, 9 emergency trips for relief or in hur. rying patients to centers where they can get medical attention will elimin, ate much of the present handicap upon the miner and prospector.
 The greatest saving will be in the element of time, key to great share of the present high costs in operation upon the frontier.
 Yukon will watch with keen in. terest the first attempts at utilization of the plane in the Mackenzie valley. Various interior and coast plane ser, vices also are planned for Alaska, and these likewise will be observed with deep concern.
 The promise of success in the ad. ventures is flattering, and it may not be long until the plane will be- come an instrument of great service in this territory.-Dawson News.
The Cordova daily times., 1921-04-08
BUSINESS CONDITIONS

Worldwide liquidation has reached point where it cannot be halted for the benefit of any group or unit of production either in the United States or elsewhere. Employers and work CTS who are unwilling to face present conditions frankly and courageously are retarding resumption of normal business and working against their own interests. Prevailing wage scales, which under present condi- tiOns are of little real advantage to the workers, are an absolute deter rent to the lowered costs which must be established before the prices of coal and steel can be lowered and freight rates altered. High wage rates are purely illusory as long as wide spread unemployment or part time work reduces real income and i'm pairs purchasing power.
 The primary and wholesale mar 6ets, which for a time showed a spotty improvement, have in many lines again become dormant Steel output has fallen to less than one- half of mill capacity. Railway traffic and earnings are decreasing week by week, production of coal has fallen to the lowest point in four years and building operations lag far behind the total of new construction known to be in immediate demand Slow and moderate liquidation of hor- rowing from the reserve banks is reflected in the slight but steady improvement in the reserve ratio of the federal reserve system, although the fact should not be overlooked that substantial part of this improve ment is the result of gold importa- tiOns, which have continued uninter- rupted for many months. There have been further marked declines in whole sale prices, but coal and steel, while lower, are still out of line with the general price level. Buyers remain unwilling to contract for other than immediate necessities, which are at minimum.