davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-11-01
UNEMPLOYMENT IS DUE
TO BIG PAY, SAYS BANK
National City Asserts High
Wages Halt Prosperity.

The advance In the price Of raw cot
ton and cotton cloth. due to the short
cotton crop. leads the National City
Bank in its monthly review to compare
the ravages Of the boil weevil to the
policy OF half time work in the indus
tries with the dictum that ut is i'm
possible to restore prosperity on the
basis OF double pay for half time work. +"
continuing the theme that high wages
force unemployment" the bank says in
part:
The fact Is that wages are so high
that they force unemployment. the pub
lie not being able to buy the products
at the existing level Of costs. The story
OF the farm wagon illustrates the whole
situation. II wagons cannot be sold.
less coal will be used In the factories
and fewer trains will be moved on the
railroads. 1t Is probable that much corn
will be burned for fuel this winter.
which means that less coal will be
mined and the railroads will lose the
transportation Of both coal and corn.
Moreover. the high costs Of transports
ton and OF mining coal come back to the
wage earner's door. added to the cost
OF everything he buys.
Broadly speaking. the people in the
town industries must sell their goods
and services either to the country peo-
pie or to themselves. It is plain that
the former cannot take their usual
share at present prices, and the town
populations have nothing to gain by
holding up the cost of living on them
selves. A general reduction of Industrial
costs would accomplish two very desir-
able objects. to wit: provide work for
the unemployed and lower the cost of
living for everybody"
The New York herald., 1921-11-01
NEW COMPANY PART
OF OIL MERGER PLAN
Formed to Take OUer Union
and Royal Dutch Stock.

Unoffioial but generally accepted in
formation regarding the proposed ner-
ger of Union Oil an1 Royal Dutch
interests. obtained yesterday. was to
the effect that new holding company
would be formed to take over the Ameri-
can holdings Of the Union and Royal
Dutch companies. The holders of Union
OIL shares are to be given stock in the
new company in exchange for their
present holdings The Royal Dutch
Shell group, which owns the stock of
the American subsidiaries of the Royal
Dutch Company. also will be given an
exchange The holdings Of stock In the
new company are expected to be ap-
proximately ~ per cent and 2s per
cent. by Royal Dutch-Shell and Union
OIL interests. respectively.
1t was said yesterday that ultimately
a third corporation would be in the
merger. The Producers and Refiners
Corporation Is the one mentioned by oil
men as tho most likely acquisition Of
the new company to be formed. Other
companies operating in the mid-conti-
nent territory arc reported to have been
considered tentatively for a place in the
new consolidation.
Negotiations. IL was learned, have
been carried on in London between II.
W. A. Deterding. on behalf OF the Royal
Dutch interests. and Henry Lockhart.
as representative of the Union Oil
people. The proposed merger. II Is said.
would own or control the Royal Dutch
Shell Company of California. the Roxana
Petroleum Company, the Ozark Pipe
Line Company and the Union Oil Com
pany
The New York herald., 1921-11-01
MEX. PETE BREAKS
ON BEAR RUMORS
Big Oil Company's Statement
Calls Earlier Reports Only
Market Propaganda.

J. r. Guffey, formerly president Of the
Guffey-Giilespie OIL Company and an
official Of the Atlantic Gulf OIL Corpora
ton, who returned recently from Mexico.
issued yesterday morning statement in
which he declared that the Eight oil re-
serves Of Mexico amount to only so.0o0,-
900 barrels" and that before March 1,
1922. the country will become an unm-
portant factor in the oil producing
world" Later Ignacio Moran. special
commissioner of the Mexican Treasury
Department. gave out statement re-
garding a report that a heavy export
tax would be placed on Mexican crude,
declaring that the only actual producing
area of Mexican light crude left In
Mexico should be exhausted in about
four months. The Mexican Petroleum
Company in a statement given out late
in the afternoon characterized both
previous assertions as designed to de-
press securities. During the course Of
the day the price of Mexican Petroleum
stock broke approximately 9 points.
III such tax is imposed" the Moran
statement read, "the object would be
not to prohibit the exploitation Of the
fields. The only actual producing area
OF Mexican light crude left because Of
the encroachment OF salt water is the
so-called Toteco-Cerro -zul pool, con-
trolled by Mexican Petroleum. the In
ternational and Mexican Gulf interests.
This pool according to geological re-
ports. was good for 100.000.000 barrels.
There have already been taken out ap-
the companies have built pipe lines to
the capacity OF 100000 barrels per day
into this pool, they would exhaust the
same in about four months. In view Of
this perilous situation the Government
may feel itself obliged by indirect meth
DDS to protect the interests Of the coun-
try in the Mexican industry"
The statement given out at the Mexi-
can Petroleum Offices was as follows:
1.-THE management of the Mexican
Petroleum Company refused to COM
ment upon two statements by men
formerly connected with the Agwi Com
pany. appearing upon local ticker
service yesterday, further than to point
out that the issuance of the statements
simultaneously in various parts Of the
country indicated that their purpose was
a speculative one and was but another
OF those attacks intended to depress
securities. The origin Of one statement
was the manager and the other q for
mer employee of a property whose fail
ure in the Mexican field would scarcely
entitle them to be regarded as experts.
The Mexican Petroleum Company is
continuing It's business operations despite
the efforts Of bear interests and Its
report to-day showed the largest pro-
duction in the history OF the company.
The management predicted that this
production would be the smallest for
some time to come"
The New York herald., 1921-11-01
CONSOLIDATED EXCHANGE.

Exceptionally heavy offerings Of Mex
lean Petroleum followed publication of
an adverse statement on oil land condi-
tions In Mexico and brought net loss
OF sh points in that stock to 80 at its
minimum In yesterdays trading In Sc
curities in the Consolidated Stock Ex-
change. That selling induced unsettle-
ment in the balance OF the list. losses Of
TO 2 per cent. ruling in the active
industrials. Early Improvement In the
rails was followed by slight net recess
sions. Other feature changes were de-
clines of I In Pierce Arrow preferred to
s1h, 8 In General Asphalt to eiM. 2M
In Pan-American to AN and az In At
lantfc Cuff 20 es
The New York herald., 1921-11-01

sat. ApDrOX-
Ask. Bid. Yield.
g 100 o-32 100 $40 3,G5
The New York herald., 1921-11-01
S. o. CONCESSION IS IN
RUSSIAN CARPATHIANS
Gets Exclusive Right to Btu
ninous Deposits.

Additional details OF the big Szecho-
Slovak concession granted to the Stand
ard Oil Company were made public
yesterday through London dispatches to
the on Trade Journal, a monthly organ
OF the oil industry. The concession is
characterized as IAN exclusive conces-
sion for the exploitation of petroleum
and other bituminous deposits in certain
sections of Czecho-Slovakia." Those dis
tricts are said to be in the Russian Car
pathians. in which the Hungarian Gov
ernment prospected for bituminous de-
posits prior to the formation Of the re-
public in 1918.
'"rhe Gbley and Hodinin wells are not
in the concession" the despatch goes on,
these being held in reserve by the State
Tor its own uses, and II is understood
that certain other areas. not definitely
outlined. have been Withdrawn for delop-
ment by company in which the Ba-
taafsche Petroleum Maatschappij, a
Royal Dutch subsidiary, and the Czecho-
Slovakian Government shall have the
controlling interests. The Mikova dis
trict Is also set aside for the Societe
Anonymc Petroles de Mikova, a French
corporation.
THE Standard OIL concession is to be
operated by the American Petroleum
Company for Czecho-Slovakia. capital
lied for 100.000,000 crowns, two Of the
directors Of which are A. c.. Bedford.
vice-president OF the Standard OIL Com
pany Of New Jersey and Of the Standard
Franco-Americaine. and DR.. Il. Heidler.
formerly Minister Of Commerce of
Czecho-Slovakia- The negotiations were
on the basis Of thirty year monopoly
OF production refining. importing and
exporting petroleum products. and 1t was
provided that the company should SUBJ
scribe two and a half milliards of
crowns to the proposed state loan of
Czecho- -Slovalxia. which will draw inter-
est Of IN per cent that the State shall
receive 80 per cent OF the shares of the
new company, free Of charge that the
company shall retain SO per cent, the
naming 20 per cent to be offered for
public subscription. the company to
spend 50.0o0.000 crowns for drilling on
the concession In the first five years Of
its Duration
The New York herald., 1921-11-01
BIDAND ASKED QUOTATIONS
n. Y. STOCK EXCHANGE QUOTATIONS.

To the following prices accrued interest IL
to be added:
FOREIGN GOVERNMENT AND MUNICH
PAL BONDS.
The New York herald., 1921-11-01
BANK OF AMERICAS CHANGES.
Foreign Exchange to Be Made
Separate Department..


The Bank of America announced yes
terday several changes in its organiza-
tion to take effect to-day. The growth
of its foreign department has necessi-
tated the segregation of its foreign ex-
change department from its foreign de-
partment and L. =. Heemskerk, formerly
assistant manager Of its foreign depart
ment, becomes manager Of the depart
ment. C. o. Moody. formerly manager
OF the department, assumes the new
duties of manager of the banks foreign
exchange department. George Whitlock,
formerly manager of the Bush Terminal
office of the bank, has been made as
sistant cashier in charge Of commercial
business at its Franklin Trust office.
Crowell Hadden Sd has been advanced
from assistant manager to manager OF
the Bush Terminal office.
Other changes include the transfer or
J. De Mund Van Dien, assistant cashier
OF the banks Wall Street office, to a
similar position In its Fulton street.
Brooklyn, office. Alexander N. Nyland
will leave the latter, in which he has
been assistant manager. to become con-
nected with the banks Bush Terminal
office in a similar capacity.
The New York herald., 1921-11-01
The Farmers Loan and Trust
Company
Coupons and Dividends due in
November are payable at this
Office on and after Novem-
Der 1st, 1921, as follows:
1e. IS. 20 and % WILLIAM STREET.
New York City.

Bath Water Works Company
Cedar Rapids, City Of, Bridge We and
Sewer AS
Cedar Rapids Water Company
Colorado Bridge Company
Heusatonic Railroad Company
Huntington Water Company
Larchmeut Yacht Club
Little Miami Railroad Company
North Plain6eld, Borough ef
Northwestern Coal Railway Company
Ogden Gas Company
Old Dominion Terminal Company
Olesn, City Of
Panama, Republic Of
Racine Water Company
Union Free School, District No. I, Town sf
Pelham, N. Y.
Ncksburs, Shreveport & Pacific Railway
Company
virginian Railway Company
Watching Water Company
November 18th. 1871.
Catskill Illuminating & Power Company
Durex Chemical Cooperation
November 3Oth, 1921.
Commonwealth Water 4 Light Company
DIVIDENDS
November list. 1921.
The Farmers Loan 4 Trust Company
The New York herald., 1921-11-01

for the fourth quarter promise to be very
good. exceeding last year considerably.
I'm the September quarter 21,0S6 cars
were produced. compared with 22,3o6 in
the preceding three months and 11,435
In the first quarter. Total output for the
nine months was $3.50. In 1890 pro-
duction In the third quarter was 1875
vehicles. 11,7S3 in the second quarter
and 1855 In the first three months,
making total of 41,0s2 for the nine
months
The New York herald., 1921-11-01
EXPORTS FROM NEW YORK.

Exports from New York yesterday !:
Wheat. S9.ss7 bushels; barley, 12o,77s
bushels; flour, sos barrels and 1850
sacks; oil cake. 2.003.s0 pounds: beef.
SO tierces bacons. 10000 pounds lard.
l,ss7.765 pounds; tallow, 5000 pounds /:
grease. 22c.o00 pounds cottonseed oil,
100000 pounds; lubricating oil, 3s6,s5o
gallons.
The New York herald., 1921-11-01

Exports from New York last week.
Wheat. 2.ss6,S55 bushels; corn. 4s.343
bushels: barley. 394.S1S bushels: buck
wheat, 5.56s bushels; flour. sos barrels
and 303.641 sacks beef, 2s5 barrels and
ITO tierces; bacons, 4.Ss2, 900 pounds !;
hams. $1,000 pounds: lard, 7,691,32s
pounds: tallow $4,000 pounds; grease,
546.400 pounds: cheese 5000 pounds !:
cottonseed oil. 462.400 pounds; lubricat-
ing oil, 1,10s,s50 gallons; oatmeal. 2.30O
barrels; grass seed. $500 bags: alcohol.
1853 barrels; oil cake. 13,s9s,6o0
pounds.
The New York herald., 1921-11-01

of the state of New York, sent yester-
day a report 70 the chambers 1900
members opposing the Fordney tariff
bill. now before the Congress. The re-
port will be acted on in Thursdays
meeting 90 tn. chamber
The New York herald., 1921-11-01
U. s. CERTIFICATES AND NOTES.

Closing prices bid in yesterdays open
market for United States certificates of
Indebtedness and notes were as follows.
The Lamar register., 1921-05-25
How PoIn.ettlas Are Forced.

To get poinsettias ready for the mar
ket by Christmas is problem that
has worried florists ever since the
bright red howerlike leaves of this
beautiful plant took their place as a
favorite holiday decoration.
The problem has been reduced to a
practical solution through the work of
DR.. w. W. Garner. tobacco specialist
and Il. 81. Allard, plant physiologist
of the United States Department OF
Agriculture, who discovered the posi-
bility of advancing or retardlng the
growth of plants by controlling the
period Of light each day. Where the
light period Is shortened the plants
reach maturity much sooner than
where they are given the natural
length of day. In the greenhouses on
the departments experimental farm at
Arlington. Va, 1t has been found pos
sible to bring poinsettias into full form
as early as August by shortening the
daily exposure to light.
The Lamar register., 1921-05-25
NOTICE or FINAL SETTLEMENT AMI
DETERMINATIONS OF IIEIRsHIP.

Estate of Hattie f. Phillips. Deceas-
ed.
No. 1897
Notice is hereby given that on the
27th day OF June a. ID. 1891, the under
signed Will present to the County Court
of Prowers County, Colorado. his ac-
counts for final settlement of admin
istration of said estate. when and where
all persons in interest may appear and
object TO them. II they so desire.
Notice is also hereby given that ap-
plication for the determination Of heir
ship of said Hattie f. Phillips. deceas-
ed has been made and that the Court
will on said date hereinbefore mention
ed. or at any time TO which the hear
ing may be continued. proceed to as
certain and determine who are the
heirs of the said Hattie L. Phillips.
deceased. and such entitled to in
herit any lands. tenements. heredita e
ments or other property. real or per-
sonal. constituting all or a part of the
Estate OF the said Hattie r. Phillips,
deceased. and enter "a Decree according
ly. at which hearing all persons claim
ing TO be heirs at law of said deceased
may appear and present their proof.
FRANK n. PHILLIPS
Administrator.
J X Doughty. Attorney.
First Pub. May 2s. 1921.
Last Pub. June %. 1921.
The Lamar register., 1921-05-25
Praying for Rain in Korea.

Korean daily newspapers do not an
nounce fair and warmer" indications
for the next day. as the natives believe
the gods are In charge of the weather,
and that If properly approached their
climatic decisions may be registered.
DIR. A. Garfield Anderson of Wonj6.
Korea. describes the various ways by
which the people try to induce rain.
They write prayers for rain and hang
them up OH the hillside. Two dragons
lie between the market stalls. each
about 100 feet long and two feet
high at the head, tapering on gradu-
ally to the tail sorceress In time
of dry weather will come out and
dance before these dragons to bring
rain
The Lamar register., 1921-05-25
Married in Batches.

In the crowded towns Of the north
OF England certain churches are.
among the working class population.
held In great popularity for the cere-
mony OF marriage. This popularity
entails, In the case OF the parish
churches OF certain of the northern
towns. an immense number of mar
riages on given day, and on these
occasions the only practical course is
TO arrange the various couples in
patches OF twenty AT time and It is
a positive fact that at certain periods
the clergy have much difficulty In
Sorting out the right couples. SO to
speak.
The Lamar register., 1921-05-25
Canada Gets Large Order.

Negotiations for a 100000 order
for wooden textiles bave been conclud
ed between Canada and Roumsnis
and In connection Herewith an ar.
rangement has been made with British
financiers whereby the Canadian man
ufacturer will receive cash against
documents at the port Of loading. Some
thirty-seven mills will participate In
the cloth order. About 1.900. COO yards
OF cloth of varying quality and price
involving in the aggregate more than
$1,000. 900. will be taken, and the bal.
ance Of the order will be made up OF
knit goods-underwear. socks and
stockings. sweaters. Jerseys. eto.
The Lamar register., 1921-05-25
WHY
Chinese Hold All Writing to
Be Sacred

To millions and millions of Chinese
everywhere all writing is sacred.
Hence It happens that in the average
Chinese community, in this country as
well as In others. every scrap Of pa
per, all old letters, and all waste pa
per, are laid aside In a clean recepta-
Gle to await the collector who appears
at regular intervals to transfer the
waste papers to the sacred furnace.
These waste papers include even
commercial messages and advertise
ments. for, since Confucius used the
same characters whereby to impart
his wisdom. they are sacred. Should
the papers be burned by the Chinese
In their own homes. II is thought the
ashes Of the sacred writings would
mingle with the ashes Of wood and
other fuel, and the ashes of the Chi
nese writings are held to be as sacred
as the writings themselves.
Ashes from the sacred furnace are
veyed to the sea, and then, in a boat.
are carried out to where the tide runs
swiftly. there being consigned to the
waves. This boat is called the Mon
War boat by reason of the fact that 1t
is generally provided by the Mon
War Sher. an organization with
branches everywhere for the mainte-
nance Of the spirit Of reverence for
the Confucian system.
The furnace In the Chinatown that
nearly every large city In the United
States includes is usually an ovenlike
structure about five feet high. On the
wall opposite there is likely to be seen
some Inscription similar to the follow
ing: The spirits of our ancestors are
pleased that we keep sacred the writ
ings Of our country"
The funds necessary for the upkeep
Of this custom are provided alike by
the richest and the humblest Of the
citizens of Chinatown.
The Lamar register., 1921-05-25

she got out among the first"
And my daughters-are they ali
rightT'
IAN right, sir; they were with their
mother"
And what about my mother.in-
lawf"
THAT is what l want TO speak 10
you about, sir. Your mother-in-la law
is asleep on the third floor. and know
ing your regard for her comfort, l
wasn't sure whether / ought to dis
.urb her or not, sir"-London Tit
Bits.
The Lamar register., 1921-05-25
SNOW WIDOW" AGAIN BRIDE
Woman Of Ninety, With Heroic Rec
ord, Led to the Altar for the
Fourth Time.

Mrs. John Mckenzie, aged ninety,
he "Snow Widow" and the idol of
British Columbia Cree Indians. is to
become bride for the fourth time
Mrs. Mckenzie lost three husbands, all
trappers. Two were frozen to death
The third died OF starvation. II was
while the latter lay dying that Mrs.
McKenzie's most tragic adventure took
place. They We're camped 100 miles
north OF Stanley mission. In the dead
of winter game became SO scarce that
with their two babies they faced star
walton. Then the husband fell Ill.
only food would save him. With the
TWO babies. one nursing, Mrs. Mcken-
zie started the l00-mile trip with q
famished dog team. The dogs died
from lack Of food. Tucklng the bs-
bies In the sled. she fastened the har-
ness about her own waist and contin-
ued ten miles. Then one baby fell Ill
and died. She wrapped blanket
about the tiny body, placed II deep In
the snow and out OF the twigs of u
pine tree fashioned pitiful little
cross, which was placed over the spot
Then she continued the journey. On
her arrival food was hurried TO her
husband. but he was dead, She be-
came the "Snow Widow"
The Lamar register., 1921-05-25
EXPLAINING Crooked Road.

For the benefit of automibilists whc
have wondered why the road from Exc
ter to Hampton, n. H., is so crooked, it
is explained that when the first settle
ments were being made In New Hamp'
shire. bear made night raid on that
part of the Hampton settlement known
as wigwam row, and men in pursuit
the next morning followed its tracks
In the light snow to its watering place
at Squamscott falls, and built the road
accordingly.-Boston Herald.
The Lamar register., 1921-05-25
How to Proven. Window. s.eamlna

How to Prevent Windows stesmlng
This may be prevented either by
putting something on the glass to
which the water vapor will not ad'
here, by improving the ventilation or
by heating the air near the window
SO that the steam does not condense
on the window. A solution of glycer'
Inc in alcohol rubbed over the win
dow on the inside is said to prevent
steaming and freezing. while ammo
MIA and various acids are also used
in the same way. A double sash on
the window is the best preventive in
cold weather.
The Lamar register., 1921-05-25
Cultivated Area for 1921.

Partial reports received by the State
Immigration Department indicate that,
in spite of the depressing effects Of
falling prices and money stringency,
the farmers of Colorado will cultivate
fully as large an acreage to crops this
year as they did in 1920. Reports SO
far received show that the cultivated
area this year will be but little short
of 100000 acres.
County assessors reported on 49,ll7
farms in the state last year. Reports
have been tabulated up to date this
year on IL ,624 farms. These farms
for eleven of the leading crops report
an average this year of l,195,013, or
Il little more than 102 acres per farm.
The entire acreage reported for these
crops last year was 4,l92.512. or lit
tie more than 80 acres per farm. If
all farms this year should report these
crops in the same ratio as those al
ready in, the total acreage would be
above 100000. 1t is not likely that
this ratio will be maintained, however,
as many of the largest farms in the
eastern part of the state already are
reported, while comparatively few of
the smaller farms in the fruit raising
and other irrigated districts are re
ported.
The crops included in the figures
given above are corn, oats, barley,
wheat, spring wheat, rye, potatoes.
grain sorghums, sweet sorghums.
beans and alfalfa. The reports now in
show increases in the acreage per farm
for corn, winter wheat, spring wheat,
barley, potatoes and alfalfa, and de
creases for rye, sorghums and beans.
Very little change is shown for oats.
Reports are not yet tabulated for the
other crops, the most important of
which are sugar beets, miscellaneous
hay crops. millet. field peas and truck
crops.
The reports SO far received show
that very considerable amount of
raw land has been broken for crops
in the state this year, especially in the
southeastern counties and in some
counties in the central eastern section.
While there has been some abandon
ment of farms in the non-irrigated
districts, the new land being placed
under cultivation in other districts ap-
parently more than makes up for the
losses in acreage through abandon
ment. 1t now appears that winter
wheat will show a larger increase in
acreage than any other crop. due per
haps to the fact that this crop was
planted before the price Of wheat had
fallen materially, and before restric-
tions on the loaning of money became
acute