davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-09-10
ARGENTINA DROUGHT
LIFTS WHEAT HERE
September and December at
New Highs for Movement
Corn and Oats Up.

CHICAGO, Sept. 9.--Wheat sold for
new highs for September and Decem-
ber on the present movement on the Chi
cago Board OF Trade to-day, while May
touched new ground for the season.
There was a break around 2hc. early
owing to a bearish construction placed
on the Government crop report. but II
was more than recovered later. May adj
vancing &c. over the opening. which was
the low mark OF the day.
The news, with the exception of the
Government report. was bullish. the
drought in Argentina being the leading
factor. Buenos Aires cables said that
unless rains come soon heavy damage
is likely tc result. September wheat
closed 4Ac. over the opening and s Il c.
over the low Of the day; December
closed 4Ac. to 4Hc. over the opening
and nc. over the low.
Corn was helped by the advance in
wheat and closing prices showed gains
Of sc. to &c. The market showed more
activity. and while lower early on the
bearish Government report. advanced
later to above yesterdays finish. Buy
ing was mainly of local character. al
though some investment purchases were
made.
Oats showed independent strength late
and with broader trade advanced to a
new high on the present movement, be-
ing sc. to &c. UP at the finish.
Provisions were easier on scattered
commission house selling. which largely
offset the advance of f0c. to Csc. in hogs
and buying Of october lard by packers.
CHICAGO PRICES.
The New York herald., 1921-09-10
NEW BUYING SENDS
COTTON MARKET UP
Irregularity Turns Into Pow
erful Upward Movement
in Afternoon.

Irregularity. which turned into a
powerful upward movement in the after
noon Of yesterdays cotton market. gave
bulls new hope and sent bears scurrying
to cover with such haste that the list
was UP 81 to 125 points net at the ses-
sion's close. As December approached
the 20 cent level again several stop loss
orders on the short side were uncov-
cred. Yesterdays buying movement was
due to apprehension regarding weather
reports, particularly concerning the trop-
ical storm said to be nearing the Gulf.
Liverpool's early rise of about rs Eng
lish points also gave bears something to
worry about and the strength of the
stock market and of grains made a
strong sympathetic impression.
The local market opened firm to strong
With an advance of So to 81 points.
Liverpool. the Continent and Wall Street
bought on the call, but the upturn at
tracted sufficient Southern selling to
take the market back to the level OF
Thursdays close. IN the reaction dis
tant months eased of 8 to 20 points
from the preceding close, while near de-
Hveries held 15 points above 1t. Tne
market showed continued irregularity
after the first hour and around the mid
die of the the day was quiet, with local
and outside week end evening up.
The buying movement began in the
fourth hour and centred on October and
December, which advanced to 1878 and
1895, or 143 and 100 points. respectively.
Statistics tended to favor the bull side.
Spinners' takings in the week ended last
night were estimated at $4,000 bales.
against $4,000 In the corresponding
1920 week. Fall River reports placed the
total sales of print cloths at around
10000 pieces Wholesale dry goods re-
ports were optimistic.
Among the heaviest buyers In the last
half holr. when the list made Its highs
for the day. were New Orleans and
Western interests. Business became gen.
orally active. The local spot market was
up 115 points. to 1880 cents.
Rage OF prices:
The New York herald., 1921-09-10
PRODUCE.

BEANS AND PEAs-Beans. marrow,
choice. 100 lbs. $s;5o9e:eo pea, choice e,
fornia. sii. !S@is; cantalina. Italian. g;
yellow eye. s7:509s: black turtle soup, $s;
cassEns Msaasascsr s!S iSao pea
sys, oai!sssnl. ssscSss IS; splits It's yellow.
IrERcrsamsy ssssS 'hGsfs higher shaS extras h..
seHSsic.: seconds. ssHasSo; Ss seS iower grades.
s5c; e.trss. zsSls,sc.; th firsts. asasac.; secs
onds. 34,k@37c.: State dairy tubs. finest. 400
&c; go goos d., to prime. s19ssc common to
siHSssc'; S:''i iirsts. So@aoc.i second seconds. a7G
isaT ssSss sqrSs sS No. l. a7c No p 2ee
CHEEsE-New York state flats. held spe-
ciais. ib., 21Q22c.: fresh specials. 21G2fhc. {;
ai@aiNo.; , average run, 2o@soHc.; CIV wisconsin,
double daisies. fancy. 2092fc. single daisies,
fancy. 2o92ic.; young Americas. 2iM922hc- I;
'itstS EGGsMFresh gathered extras, DOZEN 4s@
45c. !, extra flrsts, as942c.; firsts, 84937c. !;
seconds. 2e@3sc. trade eggs, 239aoo:; dirties.
poorer. poorer isS2sc.: checks. fair to choice. dry. Dry
22ga4c rsfriseratcr sEss special mass s
extra, fancy selection. 65c.: State. Pennsyi-
vania and nearby Western hennery whites,
nec firsts, boD52c. gathered whites. firsts
to extra firsts. 50B5sc. under grades, 400
ssc. Pacific coast white. extra firsts. SEQ
Southern gathered whites, 85950c.; State
Pennsyivania and nearby Western hennery
mixed coiors, graded extras. 43945c.; firsts
to extra fIrsts, 31Gf42c.
FRUITS, FREsH-Apples, green, basket, ~
Wolf River, s4a7; Mcintosh, s5T7 20; Alex
nnder. s4GD7 greening. $5I6 30: Gravenstein.
sia7; Western, box. s3.25a4; penrs, Beurre
s5Gf0: basket, si.5093.50; Bartlett, 81 50R
3ho; cranherries, Cape Cod, "a Dbl. box, S50p
$50; rasrberries. Jersey, pint. sn1oc;
quart. osQT35c. Nova Scotia. 4014Jc.: plums.
State 8 ID. basket. 25@45c.; bushel basket.
The New York herald., 1921-09-10
COTT0NSEED OIL
Range OF prices:
STEEL INGOT OUTPUT
INCREASES A THIRD
August Figures Exceed June
and July.

Production of steel ingots In August
by thirty companies whose output rep
rcsents approximately S4.2 per cent of
the entire country was 1,13S,071 tons.
according to the monthly report of tho
American Iron and Steel Institute.
This represented an increase OF 334,695
tons over the preceding month and the
hrst gain of any month over that
preceding since last October, with the
exception of May, which showed a
slight Improvement over April. The
July production of 803,376 tons was
the lowest In many years, while the
August figures exceed not only July but
June as well, when the ingot produce
ton OF these companies aggregated
1.003.406 tons.
The following table presents a
comparison of the monthly production
In tons of the thirty companies repre-
sented in the institutes report:
The New York herald., 1921-09-10
AMERICAN PORTS.
NY Man.l

BEVERLY, Mass. sept 7--Arrived. barge
HONOLULU. Sept S--Arrived. str Ramapo.
Norfolk.
Sailed Sd. strs Ecuador. San Francisco;
Buckeye state. DO.
JAcKsONvIILE. F1a. Sept 5--Cieared.
schr g wilder. san Juan.
MOBILE, Ala. Sept J-Saied, str Cmoa
1Hond) Tela
PORT TAMPA, Fla. Sept e--Arrived. schr
G wehfum, Laguna
SAN FRANCISCO, Cal. Sept 3--Arrived.
bark olympic. Csliao. 18th. str Providencia.
Grays Harhor for Santa nosalia.
SAN PEDRO. CAL Sept ARRIVED. strs
Minnesotan. New York for San Francisco; |;
city of Pckin thr. New York via New Or.
leans FOR Yokohama. &c.
SEATTLE. wash. Sept 3--Arrlvcd. str Yo-
shida Maru lJapl, Portland via Tacoma.
SABINE Tex. Sept 3--Arrlved. str Winnie
hago tBrl. Beaumont.
sAvANNAH, Ga, Sept eArrived, str Dsde
County Tampa.
The New York herald., 1921-09-10
Naval Orders
New York Herald Bureau.
WeghfnQf0n. n. O.. Sent q

These naval orders have been made public :
Commander ]. s. Evans TO General Elec-
trio Company. Schenectady. Commander G.
z. Mcdowell. TO Navy Yard. New York
Commander r. A. Thompson. 70 duty AZ
Assistant Naval Attacho. American Embassy
LONDON; Lieut.. Commander Jay X. Esler.
70 q. s. $. Arkansas. Lieut., -Comrnan nder
Commander Harold n. Little, 10 y. 81 s.
Delaware. Lieut. Commander II w. Pills
bury, 20 II. s.. s, North Dakota Lieut. C om.
mander O. X Stoddard. 10 Naval Academy
Lieut. Commander u. 9. Thomas. 10 u. s. s.
Delaware. Lieut. u. Z. Hyde, to Lieutenant
on staff of Rear Admiral G. r. Morgan
Commander W. ]. zalesky. 20 Naval Hos
stevens to Naval Air Station Pensacola /
Licui J. A Fields 70 Supply Depot South
Brooklyn. Lieut. Commander r. r. EuriEht.
10 Navy Yard. Boston; Commander T.. n.
Cooke 10 Ninth Naval District. Commander
j. n. Boesrh. 20 ". 8. 6. Kanawa; Lieut.
Commander III. s. Chass. TO u. 8. 8. Orion.
The New York herald., 1921-09-10
METALS.

On the New York Metal Exchange
yesterday tin was easy and Straits were
quoted at 26@2s.75: Straits shipments
at ESQ 26.s7h; sales OF twenty-five tons
December at 26.s2h were reported
standard was quoted at 2s@2s.5o, and
90 per cent. at 2592s. Copper was
steady; standard spot. September and
October. 11.75 asked. and electrolytic
spot and September 11.75@12.25, and
October. 11.s7M 412.371s. Lead was
quiet New York spot. 4.e0. and East st
Louis spot. 4.30 asked. Zinc was duh
New York spot, ASS. and East st. Louis
SPOT. 4.25 asked.
The New York herald., 1921-09-10
STEEL AND WIRE CROP REPORT

Special Despatch to THE NEW foEK HERALD.
CHICAGO. Sept. 9.--The crop report OF
the American Steel and Wire Company
will say tomorrow: Forage crop con-
ditions all over the country are In fairy
good shape. Much fall work Is done.
In all sections farmers are planning TO
put in a considerable winter wheat
acreage. Cotton Is still reported as
deteriorating. The crop. however. VIII
be somewhere around so per cent. Corn
Is one Of the best crops in years. To-
bacco is less than average. Sweet po-
tatoes are better than average, while
potatoes are light. Fruit is below
average"
The New York herald., 1921-09-10
M1LLER,s" OUTLOOK.

Special Despatch to THE New YORK HERALD
CHICAGO, Sept. 9.-The Modern Muller
says. much ground has been ploughed
for winter wheat, although work Is still
being delayed In sections by dry
weather Not much seeding has been
done, as most sections are waiting for
dates considered safe against Hessian
ny infestation The movement Of winter
wheat from the interior IS comparatively
moderate, and especially so in States
east of the Mississippi. Spring wheat
threshing returns continue disappointing.
Work Is well completed"
The New York herald., 1921-09-10
BUSINESS ASSIGNMENTS.

The Rockiand Paper Mills Company,
Inc. dealing In paper, at 81 Prince
street, has assigned for the benefit OF
creditors to Harry ". Vessel. Santa A.
Giacobbe is president of the company.
which was Incorporated in 1919.
r. v. ID. Corporation, manufacturing
toilet articles, at 317 Greenwich street,
has assigned for the benefit of creditors
to Earl Il. Copp. William Socoiow is
president Of the company. which was in
corporated in 1918.
The New York herald., 1921-09-10

The August production was at the
annual rate OF 16,219.2o0 tons for the
entire country, or about 20 per cent
OF capacity Although this rate is lower
than actual production In any one year
since 1903. when the total output was
13,577.027 tons II shows n big advance
over the annual rate indicated by the
July figure. which was 11.44s.o0o, or
only about 2o.5 per cent. OF capacity
or the total production last month 915,-
1884 tons were open hearth, 221,116 Bes-
sener and 1921 all other grades.
The New York herald., 1921-09-10
SUGAR STOCKS.
AMERICAN SUMATRA NET OFF.
Compnny's Income Is soos.e37 for
Last Fiscal Year.

In the year ended on July 81 the
American Sumatra Tobacco Company
had a net income. after deducting inter-
est, reserves and depreciation OF to-
bacco. of ss66,6s7. After It's preferred
stock dividends there was a balance for
its common stock OF s5.74 share. In
the preceding year its net income was
s2.5s1,0 ,03f. or 1851 share on Its COM
mon stock.
The company's balance sheet showed
cash of s1,071.s3s. against s1,913.636 I;
accounts and notes receivable. ss,s79.-
32l. against s7.2Si.369. and inventories
s3.127,077. against s1.s62.497. Among
It's liabilities was an increase OF more
than s2.000.000 in gold notes and OF
nearly s1.00o.000 In accounts and notes
payable. Its surplus was reduced from
$3.50, ,0s3 to s1.57s.772.
The New York herald., 1921-09-10
MARcoNI PROFITS ses, ,sos.

The Marconi Wireless Company Of
Canada, In the year ended on December
81. 1920. had profits OF s6s.903 after
all expenses. against s102.1S1 In tho
preceding year. Its profit and loss sur
pius at the end OF the year stood at
s410.375. its current assets at $723.027.
and its current liabilities at s1Ss.3s2
The New York herald., 1921-09-10
EXPORTS FROM NEW YoRK.

Exports from New York yesterday
Wheat. 165.6Ss bushels: rye, 1880
bushels; beans. 1890 bushels: flour
46,s4S sacks; beef. so tierces: bacons.
10000 lbs. cheese. 24.soo lbs. cotton
10000 lbs; cheese. $4,000 lbs. cotton
seed oil, 14o, 900 lbs. oil cake. 1890. 900
lbs. lubricating oil. 5000 gallons.
The New York herald., 1921-09-10
Business Troubles
SCHEDULES IN BANKRUPTCY.

The following schedules In bankruptcy were
filed Friday in the United States District
Court:
LOUIS scHAEFFER-sch OF Louis
schaeffcr, against whom a petition was
filed. show liabilities OF S36.i5s and as.
sets OF s0.T20. Of which y Sl.90o represents
equity in an automobile, $2,o03 debts due
on accounts and $2.100 merchandise In the
hands OF others BENJAMIN II. Stcinberg
Ii attorney for the bankrupt.
CLOVER PRESS CoRPoRATION-sche
OF the Glover Press Corporation, printing,
i6l Grand street. show liabilities OF $50 ,5Ts
and assets OF &li,94l. OK which $I,s4s rep.
resents debts due on accounts and $4,000
machinery. tools, &c. Frederic =. Marsell
ia attorney for the bankrupt.
r. q. KHOURI a BROS importers and en-
porters. a. West street. against whom a
petition was filed May 3. 1921. show llabiii-
ties OF sl10,is8 and assets Of $i05.68l, OF
which $725 is real estate. $3.50 machinery
tools, &C., and S104. 90 debts due on ac-
counts. Ferris a Ausoacher are attorneys
for the bnnkrupts.
RECEIVERS IN BANKRUPTCY.
The following receivers in bankruptcy were
appointed Friday BY Judge Mayer IN the
United States District Court:
FRANCIS u. WOOD--Roceiver for 3. Ki's-
ger, Inc. provisions, IS East 18th street,
with bond OF 81 600. Liabilities estimated
at $1,000 and assets az s2,so0.
Emil. FRANKEIg-Ttcceiver for Nathan
Brown and Harry Brown, trad.ns % ~,
Brown 4 Son. clothing. T2i Broadway, with
a bond Of $500 Liabilities are estimated
at $4,000 and assets az 81 800.
EZRA +. PRENTICE Receiver for David
Schwartz. trading o. the lenox Costume
with a bond Of $4,000. Liabilities are esii+
mated nj S15. 200 and assets S35, 900.
BENJAMIN BULNEi Receiver FOR tho Eco
II. Hat Company. Inc. womens hate. =
bond street. with bond of $1,000. Liza
bilites are estimated az $4,000 and assets
$4,000
PERCY f. GRIFFIN Receiver Tor the wer-
The New York herald., 1921-09-10

now Company. Inc. manufacturer OF soft
collars. II Fifth avenue. with bond Of
$1,000. Liabilities are estimated at $4,000
DAVID HAAR--Receiver for the Comar
Realty Corporation. real estate, 249 West
S0th street. with q bond Of Sl,500. La
1 bilities are estimated at $4,000 and assets
MAX RocKMoRE-Receiver for Mosstwin
Company. Inc. snap fasteners, 1870 West
HAROLD AR ss "'ep NEUTRALITY-SUSPICIOUS. : I1ST + % for the
Adler Dress Company. Inc. dresses. 4s
West 27th street. with bond of $1,000.
PETITIONS IN BANKRUPTCY.
The following petitions IN bankruptcy were
filed Friday in the United States District
Court:
THE wERNow COMPANY. INc.-Involun-
tary petition against the Wernow Com
pany, Inc, soft collar manufacturers, q
Fifth avenue and In Troy n. X. on behalf
claims $780, Helen Johnson. 81 900: Dor
othy Resnikoff. $50 Archibald Palmer is
attorney for the petitioners.
GIAcOMA PATTI Involuntary petition
against Glacomo Patti, shoe leather ana
findings, 81 La Sale street. on behalf Of
three creditors. Samuel Godstein, who
claims. $6IS; Berkowitz. Secol Lippman.
Gordon. Tally Gordon are attorneys for
the petitioners.
MOSSTWIN COMPANY, INC.--Involuntary
petition against the Mosstwin Company,
Inc, manufacturer oil snap fasteners, lou
West 42d street, on behalf OF three
creditors. Louis Meszaros. who claims
$3.50: Joseph Bro, 81 $50: Mildred Lieber-
man, $1,000. Meyer Boskey is attorney Tor
the petitioners.
COMARA REALTY cORPoRATIoN--Invol
untary petition against the Comara Realty
Corporation, real estate, 249 West Soth
street, on behalf OF two creditors. Ger
trude Weiss. who claims $400: Jeannette
Trimarck. SloS Liabilities are given as
$4,000 and assets as $4,000. Shame q
Weinrib are attorneys for the petitioners.
LOUIS SACKS-voluntary petition by Louis
Sacks. salesman. 1889 Amsterdam avenue.
who places his liabilities at s,2si and no
assets. Samuel S. Hogan Is attorney for
the bankrupt.
CROUCH & FITZGERALD, INC.-Involun-
tary petition against Crouch Fitzgerald.
trunks and leather goods. SIS West 55th
street. on behalf of three creditors. Henry
s. Lowenthal, who claims So 900; Fannie
Sarfan, 500: Isaac G. Mosher. $1,000;
Cambell. Flaherty, Turner Srouse are
attorneys for the petitioners.
UNITED DRESS MANUFACTURING COM
PANY-Involuntary petition against Moe
Castell and Daniel Botnlck. trading as the
United Dress Manufacturing Company.
dresses, 1873 West Esd street. on behalf of
three creditors Herbert Wilson, who
claims 500; Sadie d. Shapiro, ss05; Sylves-
ter Ryan, $438. David w. Kahn Is attor-
ney for the petitioners.
The New York herald., 1921-09-10
SPOTS.

The local market for spot cotton was
steady and 115 points higher at 19.S0c. for
middling; sales nil. Southern spot markets
follow: Norfolk steady. rs points higher at
1s.75c.; sales SO bales. Augusta steady. 70
points higher at 19.25c.: sales 50 bales.
1850 bales; Houston STEADY. I2S points
Rock steady. 100 points higher at 1o.50c.
sales 391 bales. Dallas steady, 115 points
higher at 1906; sales 2,189 bales. Mont
gomery firm, IS points higher at 1S.50c.:
sales 353 bales. Fort Worth steady, 10
points higher at f9.10c.; sales b.121 bales.
1870; sales s31 bales. New Orleans steady.
100 points higher at 19c.; sales 4.155 bales.
Mobile firm, so points higher at &c.,: sales
80 bales. Savannah steady. 100 points higher
at 1880: sales $40 bales.
NEW ORLEANS.
NEW ORLEANS, Sept. 9.-The cotton mar
ket closed steady to-day at net advance
of 81 to 120 points. Closing bids: October.
0.25c.: December. 19A9c.: January, 19.34c. |;
March. 1926; May. 1920. Spot. steady:
middling, 19c. M
LIVERPOOL.
Spot cotton in good demand at 8 points
decline; middling f2.56d. Sales 10000, Amer
lean 1000. Imports 1000. all American.
Futures opened steady at II points decline
to 3 advance. Closed barely steady, net 0
December. II. 3ed. January. 12.2ed:: March.
1206d. May. 11.94d. July. 11.81d. Man
chester-Yarns and cloth irregular.
Weekly cotton statistics: Imports, % 900
bales; American $4,000; stock i.145000
American 647. 900: forwarded 5000, Amer
lean 80, 900: exports 1900. American 1000;
sales $4,000 American $1,000.
The New York herald., 1921-09-10
FINANCIAL NOTES.

J. A. siato Of Haligarten 4 Co. and rrenr,,
X. Ickelhcimer OF Heidelbach rckelhciroer
4 Co returned from Europe yesterday on
the Aqutanie. ~
The investment security firm OF rruen e.
Stake. composed Of o. III. Bruen, w, W.
Stake ard a. q. Keene. has opened offices
IN n EAST Torty-secoud stresx
The New York herald., 1921-09-10

Total sales stocks. 357 300 shares. Total
sales bonds. $767.00o par value.
fSells cents a share. sOdd lots.
The New York herald., 1921-09-10
CHICAGO PRICES.
NEW YORK PRICES.

NEW YORK PRICES.
,wHEAI.No., 2 red, sl.45Y sSSoe. So. hard
mixed N se daram. Mo i.ss ahs0o. T.. Track New
coRS-No. yellow, 7s7c,: No. white,
10 days shipment.
oATsNo. white. 5ihc; Me- No; chpsS Whiss;
1ste sSHs eis No oad,nary mye cSsd whe la ssaSc
RYE-~No. . western. 81, ,2sA, I. Q. b., and
slslRL sHaRRLEYrssaiSs s. & kss ssS7ss. and mating
-7s@s2c., c. /. T.. New York. .ooa.o. :.
HansG. sssesf 4 and fSCgsS ssiSD6s No. $25s S
tmothy No g large sass bales s16% sSn fancy
sssSss 10; s26S22 :.sItsl sltslfa, ssl3aaSS >
rye. s2oQ22. No. !, oat, $l4; wheat. bundled
S18m20 tangled. s10111.
EXPORTS.
Wheat. including flour, exports for the
week, according TO Bradstreets a9gregate M
@ee spshss sas sgsnIisa 80 last M
JuIy / 9s, ,527, ,1s7 bushels. against 80 s3s. .2lo
last season. Corn exports for the week;
"a efs last year; since July !, 2i,a52,S27,
against 744,135 last ncason
INTERIOR RECEIPTS.
Wheat. Corn sa 0aio; e.,
yssssrssS ssSs sSsSSS SSS sssS assss $1,000 $1,000
Last .ast Wseis wsnT f.sSs.Soo 6os'Soo 1.is4oo0
sEABoARD CLEARANCEs.
Flour Wheat. Corr.
yas,ardav az 900 $50, 900 S6 600
i,ast week , 5000 Col 600 90 600
Last Last year.......... us. 5000 100000 1000
FLOUR.
New York Prices.
Spring patents ss4o9s;75 spring is e,se eenrs. rs
Hard winter straights $7.35W7.75. Rye flour
Fair 70 good. se.75a7 10; choice 70 "a fancy, nc,
s7.i597.5o. Corn mealoFins WHITE Gs,,s ana a ys,
loo loo ib. sacks, $33: heavy middlings, do,
$24; red dog flour. lao lbs. seeks @ $40. ests "a
middlings. do, s23 so; flour mlddlinss. Do.
SO. so: red dog flour. fi0 10. sacks. $4o'oo'
oil meal. S4S ton.
GRAIN
Minneapolis Prices.
MINNEAPOLIS. Sept. 9.-Flour. 2oe.
higher. In carload lots. family patents
quoted ss75 barrel, in 9S pound cotton
sarks Shipments, 76.e2s barrels. Bran,
Sf46115.
The New York herald., 1921-09-10
JUDGMENTS FILED.
MANHATTAN.

The following judgments were filed yes
terday, the first name being that OF the
debtor:
ADVERTISING CORPORATION OF
The New York herald., 1921-09-10
NTERIOR RECEIPTS.
FLOUR.
New York Prices.
M,nurapolis Prices.

MINNEAPoLIs, Sept. 9.-Flour. 2oe
higher. In carload lots, family patents
nuoted ssT5 a barrel in 9s pound cotton
sacks Shipments, 76.22s barrels. Bran
sl46l15.
The Washington times., 1921-01-16

mental regulation OF the carriers that
policy, might be in the interest OF the
public. but SO long as we have gov
ernmental regulation under which the
Government. through administrative
agencies. determines what the carrier
may charge for it's services. IN
restrained competition fostered and
promoted for the purpose OF depress-
ing charges TO the lowest possible
level Is not in the public interest.
That competition, carried in many
instances to a ridiculous extreme. has
played it's part in bringing the rail-
roads OF the country to the financial
condition in which they were found
when the stress Of war came to tax
all resources and energies. II the Gov
eminent determines what the reason
able charge shall be and requires safe.
reasonable and adequate service. 1t
is difficult to see how the public in
terest can be served By fostering a
cut throat competition between a
large number of small and impecun-
ious roads rather than to consolidate
them into a strong, comprehensive
and logical system which can, at less
cost. furnish better service. This pol
Icy of consolidation of roads is
rounded out and REINFORCED by ex-
empting such transactions, when ap-
proved. from the operation of the an
THRUST laws"
The Washington times., 1921-01-16
BUSINESS SHOWING
INCREASED |GOR

Progress toward recovery In busi-
ness conditions is held to be more no
ticeable during the last week. accord
ing to the review Of r. G. Dun & Co.
1t is pointed out that an extension Of
price cutting is foreshadowed in some
lines, but certain trades are begin
ming to emerge from their long CON
tinued lethargy, the Improvement in
dry goods conditions being especially
conspicuous" Increased attendance
Of buyers in the leading markets is
held to be a sign OF renewed interest
and need for merchandise.
This publication says:
while purchasing Is still cautious
and restricted. 1t is larger in some
instances than had been expected,
and is the more wholesome and reas.
surfing. because it is based on actual
requirements and not on speculative
anticipations. With the release of
some orders that had been held in
allegiance, the percentage Of idle ma
chinery is gradually decreasing in
some industries, and assumptions of
work now more fully attest the cur
tailment of operations in those
branches where the price question
continues an obstacle to revival.
The Washington times., 1921-01-16
OPPOSE BILLS TO STOP
GRAIN FUTURE TRADES

Testimony opposing several bills
to forbid trading in grain futures
was offered yesterday before the
House Committee on Agriculture.
]. w. Scott. farmer, OF Grand
Forks, North Dakota, testified that
farmers of the middle West were
persuaded by propaganda of the
Non Partisan League to hold their
wheat for 81 bushel when IL was
selling at $3.50 bushel. This
wheat, he testified, can be marketed
only at great loss now.
Senator Dial, Of South Carolina
asserted that the arbitrary grading
OF cotton into ten grades by New
York brokers was a frequent source
Southern planters.
Additional witnesses who protest