davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-08-04

ident lfarding'E and Secretary Mel
IONS recommendations. The assist
ance which the carriers will receive
mas OF course, been the primary
motive for the buying OF rails But
nothing Is known now about the
whole proposition that Wall Street
"a is., know two weeks ago. The
PRESIDENT outlined his plan, anI
wall Street took II for granted
that Congress would act upon IL
without delay. The Street feels that
there is something else in the wind.
The air of mystery that has beea
infused into the market for rail-
road stocks served TO bring some
good buying into the railroad equip
ment stocks today. The demand did
not begin 20 make itself felt untiI
well on toward noon when Baldwin
and American Locomotive started
upward. This group did remark
ably well up to the beginning Of
last week, but met heavy short sell
ing when Pressed Steel Car and
Railway Steel Spring became de-
moralized.
Not every one expects the rail-
roads to continue advancing or is
mystiied by their prolonged rise.
'NAN OANSh Nut HltSA NhGIlltfdl
man who fares best in the stock
market. There are some keen OBJ
servers who are firmly convinced
that the continued rise in rails fore
shadows distribution by the big op-
orators. Distribution presupposes
some participation by the public
and by semiprofessional traders into
whose hands stocks must be dumped
when operators have realized a.
much profit as they think wise to
play for. Properly handled the mar
ket for any particular group OF
stocks does not decline while dis
tribution Is going on any more than
1t rises sharply while accumulation
is being carried out. The observers
In question looked upon yesterdays
boom in the rails as the first sign
Of distribution.
The Washington herald., 1921-08-04
Tital all ciuntries ...........
LEADING COUNTRIES

The tonnage of the ships built in
the year 1920-21, son to be an
nounced, will increase these totals
to quite an extent. These figures
for the United States are given be-
low in the record OF shipbuilding
in the United States. Lloyds'
Register, giving the numbers and
tonnage for other countries. Is moi
yet available. The rate of ship
building not having been so large
In the United States in the past
year will probably change the rela-
tive positions of the countries in
this list but little.
The outstanding fact is that the
siX-years change has placed the
United States in second place, near
the British. with no close contend
ers for the position as was the case
in 1914. While our record as ship
builders may be doubtful as to
economy of construction it has
given an outstanding advantage OF
position in the worlds shipping.
Among other nations the shifts OF
Germany, Austria and Russia are
the outstanding changes.
The growth of American shipping
and the amount employed in foreign
trade is shown in the following
table in terms of deadweight tons
which is used by the Shipping Board
rather than the gross tonnage used
by the bureau Of navigation and
FLloyds'. The dead-weight tonnage
makes the total appear nearly twice
as large.
L. s. MERCHANT MARINE. 1sO0-I9oo
Tin dead weignt rOns.)
The Washington herald., 1921-08-04
Real Estate Transfers.

North of 1ngraham st f of LIST 81
ne, SO 1901, lot 65. Chillum Castle
Hts-Jossph II. Hines ct uX, Nellie.
to Freda Worden. 10.
Monroe st ne bet Dakota ave
& Gath st, 50 4e44. lots $5 to /3S,
Sherwood-Earness L. Smith to Myr-
tie A. Smith, 10.
77S Irving st NV. 50 1880. lot 81.
Mt Pl & Pl Plains-Ethel NJ. Rutty
to VIM. II. Wilkerson, jr. 10.
Pa ave Sc bet 2eth & 30th sts, SO
5546, lots "a, part Robert L. Fast
naught ct ux, Catherine. to Albert
NJ. Charron ct ux. Marie L., 10.
Near High View pl & Nichols ave
Sc. So E-6004. lot IA. Randle Park
Edward S. Newcomb ct ux. Maize
c., to Jennie L. Meitzler, SO.
1860 F st ne. 50 1858. lot 142-
Ruth II. Schimmack to Anita NJ.
Rennoe. SO.
Good Hope rd sc bet 10th G. 18th
SITS, 50 5611, lots 4 & 5-Thomas J.
Rossiter ct al, trs, to Geo. r. GIL,
$40.
Porter st sw bet 35th & Seth SITS.
SO 1867, lot 57-Frank Il. Edmon-
son. exr, to Samuel NJ. Greenbaum'
SS,3oo.1V.
Near r st & Naylor rd sc. Green's
Purchase" part tract taxed part
parcel 21S-32-Mary +. c. Colyman
to VIM. NJ. Kern, $40.
622 l. st ne; So Sj5 lot 2O1-
Michael Cavaliero ct ux, Julia T. TO
Geo. A. and Hattie L. Stanley, slo.
72s Columbia rd NV: SO 2ssS. lot
S22-Edith IL. Gottwals to Sarah
Belinsky. $40.
23e 10th st Sc; SO 944. part lots
~ and 43-Ella ]. Causey to Carrie
II. Horrell, SO.
Near Garrison st and 42nd st NV;
50 1869, lots IL and 1e-Fred'k j.
Heider to Mary A. Ustman ct Vlr
David. $40.
Potomac ave s Of Galena pl NV;
SO li42, lots S and 6-Potomac
Heights Land Co. to Walter ID. Gun
gus. ct ux, Grace E., $40.
s46 New York ave NV; So S73' lot
"B,"-signora L. Bowles to Minnie
{. Tribby. SO.
8 Of Shepherd st w of 18th st ne:
50 3SsS, lot 65-Middaugh and
shannon. Inc. 20 Jesse Newton, ct
ux. Selma r., $40.
N of I. 1T W OF LIST 1T NV; 50 5bI,
lot l1s-wilbur +. Nash. ct ux,
Hattie T.. 70 Robert Hayden, ct ux,
Beatrice, SO.
12i1 Lamont st NV; 50 2S42, lot
Se--Alice NJ. Smith to Jefferson w.
and Mamie T. Duffy, $40.
The Washington herald., 1921-08-04
ASKS EMBARGO
ON GERMAN DYES
Philadelphia Dyer Tells Sen
ate Inside Costs of
Dyeing.

Declaring that American dyes
were equal to any produced in Ger
many, and making II clear that this
country was today independent of
any nation for it's dyestuffs. Daniel
F. Waters. president of the German
town Dye Works of Philadelphia,
gave testimony before the Senate
Finance Committee yesterday ask
ing for an embargo on foreign dye
stuffs.
Mr.. Waters declared that he was
not in any way affiliated with any
other organization. but was simply
an Independent consumer of dyes,
using them in the dyeing of hosiery.
sweaters, carpets, and in certain
mems and women's wear. He said
that since the war he has been pur-
chasing Omerican dyes exclusively
and has found them satisfactory in
every respect.
The Philadelphia dyer then told
the committee the inside costs of
dyeing, saying that they were in
significant as compared to the high
costs of labor. Giving as an eX-
ample. Mr.. Waters sait that it cost
$500 for dyeing 100 dozen socks.
less the cost of labor. The cost of
the dye m an ordinary blue serge
suit would be about seventeen and
a half cents.
The Washington herald., 1921-08-04
AMERICAN SHIPBULDNG
TAKES SECOND PLACE
Importance of Construction in Maintaining
Place Attained Through War Efforts.
Shipping Board Greatest Owner.
(By The washinEton Herald Economist)


tonnage used in foreign trade. due
to the steadily increasing amount OF
Imports and exports carried In for-
eign ships
From 1900 to 1880 only about 10
per cent Of our foreign trade was
carried in foreign ships. Then the
increase began and grew steadily
until 1910 when 81 per cent OF all
imports and exports were carried
in ships under foreign flags. From
1910 our ships began to recover this
trade and by 1920 43 per cent was
being carried in American bottoms.
the foreign percentage being re-
duced to 81.
The war enabled us to quickly re-
cover this sea trade without the
long struggle which would probably
have followed, any attempt on our
part to build up our merchant ma
rine as was being proposed as early
as 1900. We were boosted into
second place by the war campaign
OF rapid shipbuilding and the ques-
tion now Is: What are the econo-
mic conditions that must be faced
to maintain this position.
In the building and operation Of
ships we have had relatively little
experience. Up to 1917 we hardly
figured at all in the production of
great sea-going vessels. Most of our
ship building was confined to war
vessels, lake and river craft.
sHIPBUILDING IN THE UNITED STATES.
1sl3-l920.
The Washington herald., 1921-08-04

ESTIMATED from 40 600 gross tons.
The number of ships built had not
increased greatly previous to 1890
but the tonnage increased as We got
into the building of larger ocean
going vessels. During the period
1900 to 1915 the total tonnage OF
ships launched in Great Britain
ranged from l,5o0.o00~ to 100000
tons per year, while the United
States at no time exceeded 100000
tons. In 1919 the British yards had
only been able to turn out 100000
tons, while We had passed the g.
00O.0 900 mark.
To maintain a merchant marine a
constant supply of new ships must
be produced as we'll as to provide
for ships in use. The problem OF
maintaining our high place in the
shipping world depends to quite an
extent on our national skill as ship
builders. The present situation in
the Shipping Board does not argue
we'll for the permanent success of
our ship-building in competition
with the older ship-buliders Of
Europe.
There are Indications that British
shipyards will soon recover and
again pass the American yards in
output. A recent report of Loyd's
Register of Shipping shows that
while American construction drop
ped 400, 900 tons in the three months
ending June 80. the British con-
struction dropped only about 100000
tons. The total tonnage in hand
on June 80 was reported to be about
6,199.000 tons, of which 1000 was
in the United States, 3,530,0o0 In
the United Kingdom and 1,952,444
in other countries. About go per
cent of the worlds construction is
now being done in British yards
according to this report.
The total of Aerican shipbuilding
for the fiscal year ending June 80,
1921, as reported by the Bureau Of
Navigation, was 1.429 ships, of p
210.221 gross tons not including thir-
ty-two vesseles of 6603S tons built
for foreign owners. This indicates
a large decline from 1920.
The world has a surplus of ships
at the present moment, considering
the state OF international trade. and
the problem is one of efficient opera
ton rather than construction. Since
over half of our large vessels are
yet under the ownership of the
Shipping Board. the chief response
bility rests on the development and
enforcement of a government policy.
On July /, 1921, there were 1895
ships of 5,240.0O0 tons over 500 tons
in size in private ownership. while
l,79S ships of 7.993,00O tons of 1000
tons and over were owned by the
United States Shipping Board. Oi
the total of 2,066 ships documented
to the Shipping Board prior to July
/. 20 had been lost and 1S9 sold
The Shipping Board. therefore
dominates tho American shipping
situation.
The Washington herald., 1921-08-04
LIBERTY ISSUES
MAKE SMALL GAIN
Continued Demand for Vic
tory 4As Moves Price
To S9S.90.

NEW YORK, Aug. 3-Although
che total volume of sales in us
bond market today may not he
greater than in recent sessions, ac-
tfvfty was broader. embracing a
larger list of corporate issues. At
the same time there was less trad
inErin the Liberty issues. The fe1-
ture in the latter department was
a continued demand for Victory
4Xs at prices ranging up to 9s.9a.
This figure is almost so cents above
tho closing price of last week and
1Stabove the last sale price of yes
terday. Third and Fourth Liberty
AIS moved higher m the early
dealings but met sufficient selling
later to cause a slight relapse.
There were few features among
foteiEn issues French SIS sold up
a half point to 1909 and the ~ =
upra quarter to 96S. Belgian SO
we're advancing a quarter while the
7as were declining q. Sac Paulo
ssin and Zurich IS each advanced
a quarter point.
Industrial and railroad bonds
wdre not reactionary by any means
but hey seemed to lack the support
that was noted throughout last
week. Baltimore and Ohio conver-
tibie 4&s declined y to 7o1s and
at gthe same time Chesapeake and
Ohio convertible AIS were advanc-
ing IS point TO IS. There was a
good demand for Colorado and
Southern first IS at prices ranging
from S2% to 81. compared with 50
at, the close on Monday. North
western Bell Telephone Is opened
weak but by afternoon they showed
net gain of a quarter point at
10sK.
The Washington herald., 1921-08-04
new MEXICAN TAX
ANNOYS AMERICANS
The Usual Protests Pour in
Against 0bregOn's Method
of Getting Revenue.

President Obregon Of Mexico. pro-
mulEator OF Mexican tax DEGREES
annoying to the American govern
ment. has just launched a new one
which is regarded mere with some
anna cement.
In an executive prOnOunCemen OF
July 20 according to authoritative
advices. Obregon imposes what he
calls a centennial taN. to be col
lected only for the month OF August.
on all receipts OF profits above loO
pesos monthly. the return to be used
in building a Mexican merchant ma
rine and improving Mexican har-
bors.
The tax would affect Mexicans and
foreigners in Mexico and MeNicans
and others iivinE elsewhere but de-
riyinE an income from business m
Mexico. Everyone from artists, Ia
boring men and professional work
crs TO captains OF industry are in
cluded in the decree.
Diplomats and similar representa-
tives Of foreign countries are eN-
empt as we'll as moral persons OF
Cublic interest"
Industries are 10 be taxed as fol-
lows:
one per cent on profits or re-
ceipts under 500 pesos monthly: :
per cent on receipts between 500
and soc pesos: per cent on receipts
Of from 600 TO 1000 pesos and Z per
cent on receipts over 1000 pesos.
Lsborers are to have their wages
taxed as follows:
One per cent on wages under 100
pesos m01thly: . per cent on wages
between 200 and 1900 pesos and y
per cent on wages over l.2"o pesos.
The usual protests arc being made
by Americans and other foreigners
AGAINST the new tax
The Washington herald., 1921-08-04
LACK OF INTEREST
SLOWS UP WHEAT
Average of Values Lower,
With the Sentiment
Bearish.

CHICAGO, Aug. "a lack Of
outside interest continues to be
noted in the wheat market, and
while the news was rather favor
able to higher prices tho average
Of values was lower with local sem
timent bearish for the immediate
course of the market. Country Of
ferings OF wheat to arrive were
light, and purchases on overnight
bids small. Rains will delay thresh-
ing for several days, but reports
from the country generally that the
big movement to terminal markets
is rapidly nearing close.
Export demand for wheat was
very slow. although the basis for
spot lots in the local market was
firm. Private reports suggest a to-
tai wheat cron for Canada vt $50
O0o. 900 to 271.0O0.000 bushels, COM
pared with 263,0O0.oO bushels har-
vested last year. The three North
western spring wheat States have
ll4,000, 900 bushels as shown By the
Clement Curtis report. or 100000
bushels less than last year.
Sentiment in corn was bearish,
due to the recent rains, and prices
averaged lower. A good export de-
mand was reported at the seaboard,
but had little effect in view of the
better character of the crop reports.
The government weekly weather
and crop report indicated that the
rains came in time to prevent eS-
tensive deterioration in many Sec
tions, but others still need more
moisture. Country offerings from
Illinois larger. and an increased
movement is looked for in the next
two weeks. oats were affected by
the action Of corn. and while higher
early reacted later to below yester-
days finish. Crop in the three Ca
madam northwestern provinces is
privately estimated at 260,000.0oo to
300 900, Goo bushels. against 315,000,-
90 bushels harvested last year.
Provisions were dull and easier.
although there vas fair buying of
lard for investment. Selling was
mainly in the way of hedging
against overnight purchases of
loose. A local packer reported
100000 pounds lard sold to the DO
mestic trade and 2.o00.o00 pounds
for export overnight. Hogs were
10 to Is lower with bulk OF sales
at 9.60a11.40. Receipts. $4,000. with
10000 for tomorrow. Western run.
$1,000, against 67.10o a week ago.
and 62,1O0 last year Money. essv;
call. 6 to s1a; time. 81 to Ex.
change, par
The Washington herald., 1921-08-04
COTTON MARKET
BECOMES BULLlSH
Renewed Speculative Buying
Turns Prices Abruptly
Upward.

NEW YORK. Aug. 3.-After a
weak opening. with prices of TO
points from yesterdays closing on
the early disappointing Liverpool
market conditions and some accu-
mutation of selling orders here
overnight mainly from the South in
connection with the continuance of
the recent good weather map. the
market was turned abruptly up
ward by the appearance of renewed
speculative buying. Most OF II
came from local and Wall Street
commission houses. the majority of
whom have turned to the bull side
Of the market on the governments
bullish crop report on Monday
afternoon.
There was also some fresh buying
by some OF the local spot houses.
and more bullish crop reports in
circulation from Texas complaining
of the damage done in the Centra!
and eastern parts Of the state by
the spread Of the boil weevil. Some
of these reports were of n highly
sensational character. One tele-
gram from Dallas claimed that the
crop in some sections would soon b
all gone IL these pests continued
lHtiE "Ot l'AA-Ni-
Whether this is a fabrication or
an exaggeration II is a sample OF
some of the reports now being re-
ceived here by mail and telegrams
from parts of Alabama, Georgia and
other sections of the belt. as well
as numerous places in Eastern
Texas. They have been responsible
in stimulating good deal of the
buying in contracts today by specu
lative interests. 1t is a fact the
season thus far has been showing
an excess of moisture over recent
years in many parts of the belt
Periods Of extremely high tempera-
lures and drought are often the
chief complaints in July and Au-
gust. but this year for the first time
in the past six years there has been
too much rain and not enough sun
shine, and as cotton is really sun
plant. requiring a good deal of
bright and hot weather. the boil
weevil is the principal thing being
talked about at present as likely to
further cut DOWN the yield from the
very small crop of 100000 bales
without linters, indicated in Mon
days government crop report-if
the month of August proves to b"
The market gradually advanced
from the buying above referred to
on such crop reports to between 25
and so points from yesterdays
closing quotations, with October
going up to 1907, December 1854.
January l3.45 and next March de-
liveries to lass, or within 10 to 90
points OF the high levels cached in
the sharp advance of Monday after
noon. when there was SO much
forced covering of shorts on the
government s report.
In the late afternoon prices re-
acted Is to 20 points on profit-talI
ing and fresh Southern selling. At
Liverpool cotton futures closed
steady at a net decline of to >
points on the day. as against the
early maximum decline Of s - 10
points. and as contrasted with the
decline of to due to have met
our closing quotations Of Yesterday
Spot cotton there was in better de-
mand than recentlv. with the nrice
M points to S.27d fO- middlinr.
The DAYS total spot sales were
5000 bales. with the im,o-t arrivals
5000 bales. including 1000 OF Amer
team cotton.
The Washington herald., 1921-08-04
WILLUSE ARMED
GUARDS FOR MOTOR
TRUCK SHIPMENTS
Merchandise Holdups
Are Becoming More
Marked.
LOSSES ARE LARGE
New York and Philadelphia
Route Favorite Place
For Robbery.

NEW YORK. Aug. $50 marked
has become the holding up OF mer-
chsndise shipped by trucks. espe-
Cially on the route between New
York and Philadelphia. that IL has
become necessary 20 resort TO the
use Of armed guards. according TO
a statement made at the Offices II
the Merchants Association To
head of these acts OF highway
robbery a guard OF deputy United
States marshals has been organized
to convoy shipments.
This plan was laid before the
board of directors Of the association
with a request for cooperation on
the part OF the associations mem
bers. The immediate situation
which brought about action. il WAS
stated, was the condition that ex-
lists along the motor highway be-
tween this city and Philadelphia.
where losses have become SO great
that the adoption Of a protective
plan was deemed absolutely neces-
sary. The only arrangement thought
to be practical was the adoption of
some system of armed protection
for trucks and cargoes, and tho
elimination Of collusion between
drivers and thieves. For this pur-
pose IL was deemed imperative 70
utilize the service Of deputy United
States marshsls and guards TO pro-
teCt truck fleets.
According to report there is a
denite meeting place in Jersey City
and another in Philadelphia, where
all trucks going in convoy assemble
1T certain hour OF the night At
hgs the
guards. who remain with them u.-
til they arrive at their destination.
In order TO keep the convoy to-
gether and 10 eliminate strsgglers.
a rule has been established that any
truck that may become disabled
shall be taken in tow by the other
trucking convoy until il has been
brought under the protection OF the
nearest organized police depart
ment.
The cost Of protection thus af-
forded is said 20 be small and IL Is
expected that il will be still further
reduced. IL it receives the support
Of shippers. Arrangements have
been made with an insurance com
pany TO give reduced rates on con-
voyed merrhand Sc os that instead
Of an additional charge, there is ac-
tualIy a considerable saving on
each trip. The Merchants Associa-
tion announces that any member OF
the association who desires 10 avail
himself Of this service will arrange
his insurance through his own
broker.
one insurance company recently
withdrew from insurinE merchan-
disc shipped by trucks or account
Of the heavy losses Il had sustained.
Several cases Of thefts OF valuable
loads Of silk from trucks have been
reported recently.
The Washington herald., 1921-08-04
Decides to Probe
ReUenue Bureau

Commissioner OF Internal Rev.
enue David VI. blair In going IN
have q thorough inyestirst,ou
made of conditions In his bu-
reau.
As result Of aeert,,,
eharEes,7 blair annoances he IN.
decided Sa thorough probe is
necessary,
"Many OF the charges, Blair
said. shave emanated from
within the bureau, while other.
have been made by person. ont
side the organization. Any CIR
cumstanees OF fact that will tend
to support a charge that income
tax eases or other matters
handled BY the bureau nre NOT
disposed Of according 70 the law
and regulations In . proper sub
teet for the most sweepfnr In
vestieation. ] have decided TINT
n Thorough probe L. necessary
and have directed that hearings
be held.
Each witness will he examined
under oath, blair explained, and
the findings will he made public
upon the conclusion of the hear
isss and review OF the testi-
.mony.
The Washington herald., 1921-08-04

The constantly recurring dis
closures of the great cost OF the
shipbuiIding campaign of the war
period have led to doubt as to the
value Of our merchant marine as a
whole. The important place to
which the war increase in ships ad-
yanced us Is often overlooked and
given too little weight in valuing
the American fleet.
The following statement OF world
tonnage by leading countries gives
a comparison of the changes in posi-
tion due to the war. the greatest OF
which is the growth of the Ameri-
can fleet which more than offsets
the decline in the European fleets
leaving a net gain in tonnage Of
nearly 10000 900 in 1920 compared
with 1914.
THE WORLDS SHIPS ny