davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-05-12
VOLUME OF CURB
TRADE DECREASES
Stock Exchanges Disappoint-
ing Action Materially
Contracts Demand.

NEW YORK, May ll.-Busfness
on the Broad Street curb decreased
materially in volume. the demand
being contracted because Of disap-
pointment over the action of the
stocks traded IL on the Exchange
1t had been expected by the out
side traders that the tone on the
Exchange would show pronounced
strength because Of acceptance by
Germany of the allies indemnity
demands, and when that market ue-
clined instead OF advancing, hesita-
tion was shown by the outside trad
ers about taking a bullish position.
Prices. however. were fairly well
hold in view Of this disappointment.
and some issues made moderate
Gains. Industrials we're irregular.
Sweets Company of America held
firm. again selling at az and az
and United Retail Candy was again
traded in at s. Interconiinental
Rubber was exceptionally strong.
with trading at IL to 11h. Acme
Coal was steady at ~. buying he
ing based on continued rerorts in
regard to important development
work.
Petroleum stocks were generally
qu!et, but some iss les were strong
for special reasons among these be-
ing Midwest Refining which sold
at 151 as a result If tho orer to
exchange the stock for Standard
OIL II Indiana. That stock was
traded in at 76H to 76k Simms
Petroleum sold at steady tons, but
Yielded from 1o% to 1ox. Elk Ba-
sin was firm, with sales at 81 to 9
international Petroleum sold at
l6b Other issues generally show
ed slight losses from recently pre-
willing prices.
The Washington herald., 1921-05-12
ING LINTERS-Bales
3.904,349

22'OOO,OOO cotton spindles out of a
world total of 151,658.S54, were re-
ported idle. These figures by no
means express the depression in the
world cotton industry, because a
very large percentage of the spindles
reported as active are operating on
short time. For example, 40,337. .522
spindles in England out of a total
OF 56.S51,570, reported short time
operation to an extent equivalent to
suspension OF the entire indus
try for weeks out of the last half
year or nearly 25 per cent of the
working time.
Furthermore the figures as COM
piled represent the total Of our
36.051.000 spindles as active, where
as the Census Bureau reports that
only 31,509,031 spindles were in
operation on January 81. and there
has not been as many as $4,000. 600
spindles active since last September
II similar discrepancies are included
for other countries the number OF
active spindles would be far less
than reported.
Copyright, 1891, BY Washington Her.Id.)
The Washington herald., 1921-05-12
Favorable Trade
Balance Decreased

The favorable trade balance Of
the United States dropped to
SIS, ZOO. 900 during April, accord
ing to foreign trade figures an
nounced by the Department of
Commerce yesterday.
During April exports totaIed
$4,000 900, MS compared with
imports Vnlued at S255y yOOO, 900.
During March exports totaIed
1857 ,OO0, 900 and imports $751;
OOO, 900, making a favorable trade
balance of s135,OoOy 900 for that
month.
The surplus of exports over
Imports In April, 1920, was sIss,-
900, 900.
Gold imports during April
totnIed $02 ,0O0, 900, as compared
to exports of only 100000.
The Washington herald., 1921-05-12
BREAD PRICES HIT
by ATTEMPT TO
REGAINNORMALCY
Numerous Cities Report
Cuts or Addition to
Quantity.
N. Y. MAY JOIN MOVE
Shuts Baking Company Head
Refuses to Predict Just
What May Happen.
n. Y. MAY JOIN MOVE

PHILADELPHIA. May 11.-A ma
jority of the bankers and chain
grocery stores here have reduced
the price of standard loaf of
bread from to 6 cents. This loaf
sold for s cents before the war. Re-
duction in cost of ingredients was
given as the reason.
NEW YORK. May 11.-Bread
prices in New York City may de-
crease in the near future and again
they may not in the opinion today
of John Hildebrand. president of
the Shuts Baking Company.
Unsettled market conditions make
it impossible to predict Just what
pointed out that the price was re-
duced about two weeks ago to y
cents for a fourteen-ounce loaf, a
reduction of l cent.
KANSAS CITY. Mo, May IL
Bakers here today added two
ounces of bread to the lO-cent loaf
without changing the price.
OKLAHOMA CITY. Okla. May Il
Bread prices were cut here today
Loaves which formerly sold for Is
rents straight, now sell for two for
25 cents.
SPRINGFIELD. Ill.. May IL
Wholesale prices OF bread have
dropped here but many consumers
are not getting the benefit of the
cut. The Kraus Bakery chopped q
cent from their IL and Scent loave.
last week but some groceries hay.
not cut the retail price.
The Washington herald., 1921-05-12
i.s40,s39 11o.5
TFTLY EXPORTS OF COTTON FROM UNITED STATES
Total 6,557.1s7

March exports are only about -
per cent of the prewar average al
though this is a time when normally
exports are very heavy. Exports for
the eight months OF the cotton year
ending March 81 amount to 3,sO4, 900
bales compared to 5,234.oO0 bales in
the same period last year. Domestic
consumption has been increasing re-
Gently and is now almost up to the
prewar average, but is from 100, 600
EXPORTS OF COTTON IN,
The Washington herald., 1921-05-12
COTTONSEED OIL.

NEW YORK. May 11.-Cottonseed
of was steady. Spot TOO bid:
crude, 5.zS bid Futures-May. 7.25
June, 7.soa7.5o: July. 7.I1a7.4l: Au-
gust. 75oa7.e5: September. 77ea
T.so: October, 7.ssa7.sS: November
7.s5a7ss: December. f.eoa7.s5.
The Washington herald., 1921-05-12

carcass beef to washingtou for week ems
ing Saturday. Nay Z. 1921. On shipnenfs
sold OUT RANGED from Is cents 10 Is cent?
per pOond and avenged ie.es cents psr
poundy-Adv.
The Washington herald., 1921-05-12
METAL MARKET.

NEW YORK, May ia striking
advance is reported In London tin
prices, spot being f5 higher al
f17s los, and futures "a los higher
at ESQ Is; sales. 200 tons and $50
tons. Spot standard copper Is un-
changed at f72, and futures IS
higher at Ell IS; sales, so tons and
$50 tons. Electrolytic Is los higher
at f73 los. Spot lead is Is Sd
higher at f24 7s Sd, and spelter g
higher at fzs Sc,
The Washington herald., 1921-05-12

TO 100000 bales per month less than
year ago. II consumption is main
tained at the level of the March ng-
ure there cannot be much complaint
on that score. 1t is then clear that
our export problem is by far the
most serious. The greatest drop in
our export trade has been with Eng
land and Japan. while Germany has
SHOWN marked increase as is evil
dent from the following figures:
TUDING IJNTEPS poI..
The Washington herald., 1921-05-12
Much Is at stake.

Business and the investor alike
have much at stake in the present
situation. Worldwide liquidation.
enforcing the trend to lower money
rates. doubtless will dominate ma
tfonal influences. But i'll advised
legislation now can delay and ham
dicap America against her competi-
tors.
There is no uncertainty as to the
present major influence on the minds
at Washington. The Farmers Union
and other interests have Joined in
pronouncement against a 'consump-
fion tax They ignore the economic
fact that the present income tax is,
in effect. a consumption tax. 1t is
estimated that allowance for Fed
eraI taxes carried into business costs
is the basis for about IS per cent
Of average retail prices. whereas a
turnover tax could reduce this to
not over 3lz per cent of retail value.
Nor should the point be missed that
the latter figure is all that the gov
eminent now really recovers. The
rest is dissipated in business ex-
travaEances. waste, and expense at
tendant upon computation and COL
lection.
That the Western farmers should
oppose anything that will reduce
retail prices Is understandable be-
cause, so far. this reduction has
nut the heaviest losses on them.
They are misguided in not being
Informed that the sales tax is a
step to reduce overhead between
producer and consumer. to the
benefit OF both.
The Washington herald., 1921-05-12
SECTION TwO-PAGE III.

sell steadily higher, while the steels
are completing . necessary reae-
ton.
The Washington herald., 1921-05-12
N. Y. CURB MARKET TRANSACTIONS
wv B. Hibb. Hbb. BIdE- curh Matet A..nh

,oo STANDARD OIL ISSUES
20 Ohio Oh I'm oi' -. ,2h @h Ish 1871
i0oS standard OIL Ind. 76H 76 78x
Union Tank Line 355 35l s52
The Washington herald., 1921-05-12
BABSON DECLARES
TAX REVISION PLAN
Is LOSING GROUND
Quotes Sec. Melons Let
ter to Chairman Ford
ney as Proof.
WARNING is GIVEN
M-Advised Legislation Now
Can Handicap U. S. Against
Competitors, He Says.

Roger W. Babson. in a supplement
70 his regular Investment Bulletin,
which circulates among investors,
bankers, and big business men. has
She following to say regarding the
sa1es tax:
The plan for q tax revision that
will take the shackles OF business
is losing ground at Washington.
Secretary Melons letter to Chair
man Fordney leaves no doubt Po-
litical expediency may doom the
sales tax, which, up to the present,
has been gaining favor in Congress
and with business men. The same
reason answers for proposed heger-
dermain with corporation taxes and
surtaxes.
The excess profits tax. counted
on for s400, 100000 this year, Is to
be repealed. according to PROMISE
but the same amount Is to be de-
rived by a fat tax on corporations.
That is, corporations that do not
make the current interest return on
capital may be taxed and even the
$4,000 exemption removed. Surtax-
es are to be reduced 80 that no in
dividual will pay more than 80 per
cent this year and SO per cent in
1922. normal tax and surtax COM
bined, as against a possible 73 per
cent now. This because the higher
rates are uncollectible. merely driv-
ing capital into tax-exempt forms.
But the loss Of revenue Is to be
made up by readjustment in the
lower schedules
The Washington herald., 1921-05-12

urnished By ". B. Hibbs & Co., members
New York Cotton Exchange.
The Washington herald., 1921-05-12
Fordney's Views

That the sales tax, to quote
Chairman Fordney, is the sanest.
the most economical and most ef-
fective means of collecting govern
ment revenue a majority in Con-
Eress Is convinced Senator Nc
Cormick. the leading opponent.
claims to have twenty only. out of
the fifty-nine Republican Senators.
pledged against It Could the sales
tax be brought to a vote it is hardly
TO be doubted that sufficient Demo-
cratic support would be forthcom-
ing to pass it, II for no other rea-
son than to make capital for 1922.
out Of the majority party dilemma
Business men generally. as in
dividuals. are paying too little at
tention to what is being done-or
not being done-to further sane
taxation. Taxation will come up
as soon as tariff legislation is set
tied II you are in favor Of a re-
vision which will lessen costs.
lower prices and aid in reviving
business. write, telephone. tele-
graph. or go personally to your
and Senators and
|iet them know your attitude"
ROGER w. BABSON.
The Washington herald., 1921-05-12

Furnished By ". B, Hibbs z Co, mon
Chicago Board Of Trade.
The Washington herald., 1921-05-12
BANK STATEMENTS.
REPORT OF THE CONDITION
OF THE
Fidelity Savings Company,
Inc.
The Morris PIsnr

At washington. I'm the District q
Columbia. at the eIose Of business
April Is, 1921.
The Washington herald., 1921-05-12

while the market was discounting
settlement Of the German problem.
The Washington herald., 1921-05-12

District Of Columbia, City Of Washington. %:
l, cHARLEs e HOWE. Treasurer Of the
sbo,e-named bank. do soiemnly swear that the
above statement is true. to the best Of my
knowledge and belief.
CHARLES e. HOWE. Treasurer.
Subscribed and sworn to before me this
5th day Of May, 1921.
(sean ALBERT H. sHIILINGToN,
Notary Public.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-10-04

mcndcd their dsbarment from practice
in all Federal courts,
Tho brief, copies Of which were sem
to CongrCssmCn, were prepared ny
twelve lawyers. including Prof, hu
mnud VI. Morgan and Edward -
Thurston. Of the Law School Of laI'
University.
The argument in defense Of tn" ,w|
attorneys was that they were ihstih'Q
in taking retainer in the case. nno
that there was absolutely no evidence
10 connect either of them with any con-
epiracv to further the escape "t the con
victpd draft dOdgcr.
The brief further pointed ont thn
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-10-04
LAWYERS DEFEND
ANSELL AND BAILEY
Briefs Sent to Congress Uphold
Their Connection With
Bergdoll Scandal
SIGNED BY TWELVE MEN

Washington. Oot 4..-A defcuy" Of
the part played bv Samuel v. AnsclI
aud Edward n. Bnlrv in the ca~c Of
Grover {. Bergdoll notorious stacker.
was presented today in briefs sent to
every member Of Congress
AnS"II. former Judge Advocate CEN.
"-al of tho army. and Bailey. former
colonel, are III" lawyers who repre-.
~"ntcd Bergdol in an attempt to have
him removed from tho jurisdiction Of
m army court martial
Tn" majority Of the congressional
r"mmittee whichc investigated Berg.
doII escape and flight to Germany
condemned III" law partners and recon-
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-10-04

Department ~ Justice agents, the In.
spcctor General Of the army. the United
States District Attorney at Philndcl-
phia, and a special Federal Grand Jury
N Philadelphia had failed to link An.
sell and Bailey with the escape.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-10-04
Key Men Discuss Wao.,

Toronto, Ont. Oct. THE ma.
tion Of n cut in tclcgraphers' Tusa pu.a.
viii be discussed a. the conycn,I"Su IusS 9,
the Commercial Tclcgraphcrs' i'ri,oo i'% OF
which opened here yesterday. '"'oh,
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1921-08-10
New Breed Of Poultry Developed
by Uncle Sam.

Lacona Is the name given to a
new breed Of poultry that has been
developed at the experimental
farm of the United States depart
ment of agriculture at Beltsville,
Md. It has been named by Sec
retary Wallace after the originator,
Harry N. Lamon, senior poultry
man Of the bureau of animal in
dustry. It is a white fowl with
red ear lobes and lays a white
si1elled egg. White Plymouth
Rock, Silver Gray Dorking. and
White Leghorn were the breeds
used as foundation stock.
The fowls are larger than Leg
horns, with long, deep bodies, we'll
feathered, and comb and wattles Of
medium size. The new breed Is
not ready for introduction and
neither eggs or fowls can be Sc
cured. When sufficient stock Of
birds has been raised specimens
will be sent to state agricultural
colleges and experiment stations to
test their adaptability to different
sections and conditions.
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1921-08-10
lrTHE STATE OF SOUTH CARO-
LIMA
County Of Sumter

IN THE COURT OF PROBATE
By Thos. E. Richardson, Esquire
Judge Of Probate.
Whereas, J. G. Bradford has
made suit to me to grant him let
ters of administration Of the estate
and effects Of Mary Bradford late
of Sumter county, S. c., deceased
These are therefore, to cite ana
admonish all and singular the kim
'dred and creditors Of the said Mary
Bradford deceased, that tEey be
and appear before me, in the court
of probate to be held at Sumter
court house, SC. on 11th day OF
August A. D. 1921, after puphca-
ton hereof, at IL o'clock In the
forenoon. to show cause, II any
they have, why the said Admlnls-
tration should not be granted
Given under my hand and offlclai
seal this the 9th day of fully 1921,
Thos. E. Richardson,
Judge Of Probate.
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1921-08-10
New Staff Members
Vacancies Filled in Expert
ment Station Work in
South Carolina

Clemson College, July 31-Sever-
al new members CT the experiment
station staff are announced by Di-
rector II. w. Barre. Of the South
Carolina experiment station. effec-
tive with the beginning Of the new
fiscal year. Some of these appoint
mcnts are to fl, vacancies and
others are for newly created po-
sitions.
L. F. Tisdale, a native OF Alaba-
ma, and q graduate of the Alabama
Polytechnic institute and of the
Michigan Agricultural college, has
been made assistant state patholo-
gist in crop pest and disease work
He will assist with the enforcement
Of the regulations OF the South
Carolina Crop Pest commission
looking to the elimination of the
destructive insect pests and diseases
and the keeping out of new pests
|and diseases now present III other
|parts Of the country. .
w. D. Salmon has been appoint
ed to fill new position as assistant
animal husbandn1an IN the animal
husbandry department. He is ma
tive Of entucky and holds a mas
ter's degree from the University OF
Missouri. He viii assist with the
research work with hogs and beef
cattle
T. r. Jones takes the place of w
w. Gordon as assistant dairy1nan
Mr.. Jones is a native Of Pennsyl-
vania a graduate Of the Pennsyl-
vania State College Of Agriculture
wit ha masters degree from the
University Of New Jersey. He vii.
have charge Of the official testing
of dairy COWS IN this state and Will
also assist in the research work
with tn dairy herd at Clemson Col
flege.
A. NJ. Musser has been appointed
assistant horticultur;st and will as
sist at the college and will conduct
the cooperative experimental work
with the truckers and fruit growers
Of the easten part Of the state. Mr.
Musser is. a graduate OF the Univer-
sity Of Pennsylvania and the Uni
versity of Florida. He has been the
past year assistant extension horti-
culturist at Clemson college and has
had similar experience in Pennsy.-
yania and Florida
G. II. Aull has been appointed to
fill "a new position as assistant to
the director OF the experimental
station. He is graduate Of Clem-
son college and has recently been
engaged in teaching agriculture un-
der the mith-Hughes act. Mr.. Aull
will assist Director Barre with the
routine and executive work Of the
directors Office.
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1921-08-10
Spain S Fighting
For Wine Makers
Threat Of Tariff War On
Countries That Prohibit
Importation Of Spanish
Wines

Copenhage, Augnust 2-SDain's
antiprohibit;on attitude is causing
economic anxiety IN more than one
dry or partly dry country.
Threats Of tariff pressure, trade
boycotts and other steps in behoH
OF the manufacturer and sale of
Spanish wines are having their
fleet, notably in Iceland and Fin
land. Norway alone seems i'm
gserrious TO foreign wet attacks.
The Tcelander's are worried, ac-
cording to the Politiken, by the de-
cision of Spain to increase GUS
toms duties on IceIandic fish unless
the prohibition law is altered to al
low the importation and .consun1p-
ton Of Spanish wines below q per
cent Of alcohol.
SPANS decision Spells ruin to the
Tcelandic fish exjcrt, says the Pol
:tiken's Iceland correspondent, who
says he understands the govern
nent of Iceland intends to intro
duce a bill allowing the fmporta-
SlOQ OIIU COIlSUifpt1O1i u w." t'N-S''
the stipulated alcoholic content.
Prohibitionists have already start
led q political campaign in Iceland
agaist such q policy.
It is reported that the Helsing-
i sors government intends shortly to
! Introduce a bill which viii greatly
curtal the pwers Of the present
Finnish prohibition act. The Nor
| weGan government, however, is
taking !, Z exactly opposite attitude
IN expediting their prohibition bin
and the government monopoly bill,
Independent Of commercial treaty
negotiations now going on with
France Spain and Portugal Spain
has already closed her frontiers
against Norwegian goods and Por-
tugal will take similar step be-
! ginning this month
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1921-08-10
Short Course for Club Boys Ends

Short Course for Club Boys Ends
Clemson College July 80 - The
short course for club boys ended on
Friday evening, July % with brief
exercises consisting of songs, in
formal addresses and presentation
Of certificates. L. L. Baker, super
vising boys club work. presided
Short talks were made by pr. T. II.
II. Calhoun, DR.. w II Mills. AIr.
J. C. Lttlejohn, Mr.. A. 3. Bryan,
DR.. w. N. Riggs. Nr. 3. 0. Viii
liams, and others. DR.. Riggs pre-
sented certificates to the &C young
farmers who took the short course.
AT the closing exercises Mr.. Bak-
er announced the livestock judSinS
team of five, which has been Sc
lected for further training, three
Of these Ave eto constitute South
Carolina's team in the international
Judging Contest at the Southeas-
tern Fair in Atlanta neXt\fal. The
five are: W. Wallace Belcher. An
derson, E. Smith, Lee: Province,
Branha1n. kershaw; Jas. Garrison,
Pickens; Robert Whitehead, Union
VII be given further training just
before the team of three will be
sent to the contest
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1921-08-10
Vocational Training
ANY Ex-service Man May
Receive Training Under the
Federal Board

A great many discharged service
men are under the impression that
vocational training is only granted
10 applicants who have been award
ed compensation by the Bureau of
War Risk Insurance:
This is mistaken idea as FEEDER
g; Board Training under Section
is often granted to claimants who
have rot been awarder compensa-
tien from the Bureau Of War Risk
Insurance. When, in the opinion
oft the Federal Board, a mans dis
ability constituted g vocational nan
dieap and is traceable to the SER
vice. the Board is justified inoofe
fering this man training. q ciafna-
mt who has been awarded COM
.,ensation by the Bureau Of War
Risk Insurance Is automatically en-
te~ed under the Federal Board.
ANY ex-seryice man who mas
vocational handicap may receive
graining under the Federal Board
and it is not necessity for rni1ns4 TO
De awarded compensation in order
that he may receive this training.
Sx-seryice men interested in Vo-
catiopal Training are advised to
communicate with the Federal
Poard for Vocational Education,
District No. 5, 312 Majestic Build
.ne. Atlanta, Ca, This Office has
jurisdiction over North and South
Carolina, Georgia, Tennessee and
Florida. The local Office for South
Carolina is 9O7 Loan & Exchange
Bank Building. Columbia, sc. This
Office can give all information con-
cerning vocational training to
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1921-08-10
Manning VIII
Pocz His Cotton
Decides to Sell Product Of His
Plantation Through Co.
operative Plan

Columbia, August 4-Fornler
Governor Richard I. Manning yes
terday attached his name to the
cotton cooperative marketing ae-
sociation contract and Will sell all
Of the cotton which he grows on
his Sumter county plantation
through the South Carolina Cot
ton Growers Cooperative Assocta-
ton.
In sending Harry G.. Kaminer,
president of the association, his
contract, Mr.. Manning wrote:
Permit me to express 1.ay un-
qualified endorsement aid approval
of the cotton cooperative market
ing plan.
I'm the past our marketing OF
cotton has been conducted in hap
hazard, unscientific, unbusinesslike
manner and has been the source OF
heavy loss to cotton growers.
Are we willing to continue to
lose money by this unbusinesslike
and unnecessary way year after
year?
care we incapable of adopting
and show ourselves incapable Of
proftably marketing what we pro-
duce
1.-The proposed plan has been
tried and tested, had been examin-
ed and scrutinied by the best legal
and business minds and has been
approved and indorscd by them.
"a new era Of prosperity opens
for the south
First, If we adopt the cooperative
marketing plan and increase our
warehouse capacity to meet these
requirements.
Second: To regulate the pro-
duction Of cotton to meet world
consumption and raise at home our
food supplies.
Third: To lend every effort to in
crease consumption Of cotton and
export every bale that is not need
ed for American consumption.
.'It is my earnest hope that we
may be able to successfully put in
operation this plan"