davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-04-03
COTTON CONTINUES
DOWNWARD TREND
British Coal Strike Proves
Depressing to Export
Possibilities.

NEW YORK, April 2-Eailure of
cables to indicate any movement to
bring about an end of the strike of
coal miners in Great Britain to-
gether with unfavorable textile news
led to additional selling of cotton
today and the market continued de-
pressed. Dealings in the pit re-
manned small. there being little dis
position to extend commitments
pending developments abroad or at
next weeks conference at Washing
ton between Southern bankers and
agricultural interests with officials
of the Harding administration as to
methods to relieve the planters in
the South.
The market opened barely steady
at a decline of to 20 points. Prices
irregularly Immediately
after the start, but there was a ten
dency on the part of some of the
shorts to cover. Offerings tapered
of and early in the second hour the
list had regained much of the initial
losses and ruled within to 10 points
of the previous close. Light trade
calling aided the improvement.
Selling increased toward the close,
with liquidation of May a feature.
This delivery sold off 70 a net de-
cline of "a points. compared with
losses of II to 81 points in later
options. Partial rallies occurred near
the end. Final prices were Off IL
to 20 points from Fridays close.
Spot here was quiet at decline
of 10 points at 11.90. There were no
sales. ..
Spot at New Orleans was quiet at
a decline of Ne at Tx for mid
ding. The sales were 333 bales.
The Washington herald., 1921-04-03
Better Steel Trade REPORTS.

The faint signs OF Improvement
hoted in the steel trade last week
have grown a little clearer. Auto
mobile plants. although still oper-
ating much below capacity. as a
whole. are becoming buster, and
this helps the steel interests. The
building industry. moreover. Is be-
ginning to show indications OF re-
vival. with active negotiations for
apartment house work reported in
SNew York City. and a number sof
|fabricating steel contracts. have re-
Gently been closed These encour-
lsging symptoms. on the other hand.
'do not obscure the fact that iron
and steel markets continue in a de-
|pressed condition. and that the Iron
Age states that free buying OF
steel Is a matter OF the future
with lower prices expected. general
demand remains limited. and pro-
duetion Is not equal to IS per cent
(rate. on an average. More Is being
heard OF foreign competition. with
chinese foundry iron offered in San
Francisco at lower prices than
An,erican furnaces have been nan-
Ing.
The Washington herald., 1921-04-03
DURANT MOTORS ,
ACTIVE ON CURB
Independent Oil Issues Also
Show Strength in Past I
Week.

NEW YORK. April MANY
stocks were forced into prominence
on the Broad street curb during the
past week, but the market tone was
irregular and price movements
were confused. similar to the result
of operations on the Stock Ex-
change.
There was a long list of motor
issues traded in during the week,
most interest being attached to Du-
rant Motors. -~--
Independent oil stocks were
strong ali through the week. nearly
all ssues being in brisk demand
andIknaking material gains.
The Washington herald., 1921-04-03

The fertilizer situation is one
which is causing no small concern
to those who are interested in our
next years crops. The slump in
the price of farm products. which
are selling for less than it cost
to raise them, makes the farmer
very uncertain about investing
money in high priced materials for
the coming year. Reports indicate
that many farmers have been un-
able to pay last years fertilizer
bills. which makes them still more
unwilling to incur turther indebt-
edness when there some doubt
about the returns. With the pres
ent money >stringency the fertilizer
manufacturers are themselves pret-
ty badly handicapped in trying to
carry last years debts and extend
credit for the new crop.
There has been much talk about
reducing acreage for next year.
However, judging from the past,
the actual reduction is likely to be
much less than is now proposed.
There viii be some cut in the cot
ton acreage which is justified by
present conditions, but when il
comes to foods and feeds we may ex-
pect an average acreage.
The greatest danger is that many
farmers will attempt to grow. crops
without fertilizer or with too small
an amount to get satisfactory yields.
This Is the most serious part of
the present situation, for it re-
quires practically as much labor to
plant and harvest a poor crop as
it does a good one. without the
use of sufficient fertilizer many
farmers will again find themselves
producing crops at a loss. which
The Washington herald., 1921-04-03
GOLD RESERVES
SHOW INCREASE
Gain of S35,700,000 Denoted
In Reserve Boards
Report.

Aggregate gains of S35,70o.oo0 oi
gold and of s39.eOO.O0o OF cash re-
serves, accompanied by reductions
of S5I, 100000 in deposits and "f
S22.5O0,O00 in Federal Reserve note
at the close OF hHSIn6 -
April l, are indicated in the Fed
eral Reserve Boards weekly state
ment. The reserve ratio shows rise
for the week from SOS to 524 per
cent.
Reserve Bank holdings of paper
secured by government obligations
show reduction Of $50, 100000.
while holdings of other discounted
paper declined by $l@.4on."op. and
those of acceptances by s5oo.O0O.
At the end of March the Treasury.
in accordance with its announced
policy, redeemed S7.000.o0o of Pitt
nan act" certificates held on de-
posit with the Treasurer by the
Reserve banks of Boston. New
York, Philadelphia and Chicago to
secure Federal Reserve Bank note
circulation.
Holdings OF other certificates
show an increase Of about S5OO.0oo.
Total earning assets declined by
SIS. 200. ZOO. and at the close of the
week stood at s2.6l3, 100000. com
pared with s3.fs7. 100000 in the, cor
responding Friday last year.
Paper Holdings.
OF total holdings Of S95O.7O0.O0O
of paper secured by government oh
legations. s6OS. 500. .0Oo. or 81 per cent.
were secured by Liberty and other
United States bonds: $26S, 100000. or
2S.2 per cent. by Victory notes. and
S73.90O.0 900. or IS per cent. by Treas
ury certificates. compared with
$3.50. 0.100,0 900, $265. 100000 and ssf.-
100000 shown the week before.
All classes of deposits show sub
stantial decreases for the week:
Government deposits by $4,000, ,OOo,
reserve deposits by S2.l00.O00, and
other deposits by about $4,000, 900,
Federal Reserve note circulation
shows a further reduction for the
week of s22,5OO.O0O.
The Washington herald., 1921-04-03
Gross Federal Debt
Decreased in March


The total srsss debt Of the
government decreased to the <x.
tent Of e71 $50, ,330.4s during the
month Of March. according to m
announcement by the Treasury.
The gross debt on March n
amounteA to 81, a,ss0. II o. ,ss7. a. Z.
against "REMINISCENCES on ~FebA
ruary -. =
The total gross 4 debt IA.
shown gradual decrease sinee
AUGUST n. .IoI@ when the war
debt wss mt it's peak. The total
on that date was e2o,sss, ,7O7.-
64s.0E. The total dropped 20 s2E-
ess.e71,5s4s2 on Mareh n, is5a.
During the past year the net re-
duetfon In the gross debt n.
smeunted to s71s,se7.1se.so.
The aoatisE debt. eensisting Of
Treasury loan and tar eertiS-
cHtes. tetnied on March N, 1921.
e1.47l,sfx,o0e. which n. almost n.
large as' at any tims during the
past year. Tke total ON Marcb
m. 1890. was sz.:7s.:2e. 600. The
s1sount Of the HoaffnG A~ht n.
AsEsst n. 1913. was Sa,s3s, ,325,-
\
The Washington herald., 1921-04-03
CASH GRAIN MARKET,

CHICAGO. April Wheat. rcd
winter. relatively steady. hard,
strong: sales track chicago. No. 4
hard. Sl477, al.4?H, No. I red. 81 "a
LAG: No. red. Slt0as al.ilAa.
Corn steady TO L. lower. shin
ping sales were ss."0o bushels
Sales track chicago. No. white,
5ss4c: No. whitS. 5Sc: No. 3 white,
SSH a55igc; No. yellow. IS :, =
5sigc: No. : yellow. 54a56c: No. :
Mellow. 52La4&c: No. mixed
5Sisc: No. mixed. 57i=a5Sc: No.
. mixed 54lsa55c. No. : mixed,
52i. a52Sc: No. 5 miNei. 4si=c.
Oats. i=alisc lower. shipping
sales were l2S.OOO bushels. SALES
track Chicago: No. > white, g. = =
SSlzc; No. white. 36iza37isC
The Washington herald., 1921-04-03
BELIEVES EUROPE
Can SOLVE TANCLE
Voluntary Receivership, with
u. S. as Referee, Fiscal.
Remedy, Says Bush.

NEW YORK. April 2.-volunkry
receivership. with the United States
as a friendly referee in bankruptcy,
is the only solution of the European
tangle, Irving T. Bush, president of
the Bush Terminal Company. de-
clared in an exclusive intervie "
with the United Press today.
Bush. a recognized business and
economic authority on both sides of
the Atlantic, has just returned from
a tour of Europe.
The words 'b2 2nkruptcy' and re-
ceivership' are not exactly the def
initions of the system that must be
employed to extricate Europe from
its present fiscal situation. but they
are the nearest to describing the
method we have in the English lam
gusge," he said.
My suggestion is this: Induce
the European countries, which to-
gether owe the American govern
down the interest rates on the in
ternal debts-their local liberty
loans This will result in the saw
ing of millions of dollars annually.
In cooperation. ,he United States
~oulu tneH TeuuCe the interest
charges on its foreign loans to even
lower level. For instance, IL
these European countries would cut
the interest on their internal loans
from and per cent to 4. 3is or 3
per cent. We would reduce our in
terest rates to a half or even one
per cent of theirs.
"All of this. of course. would have
to be accomplished through a sort
Of joint receivership, with the
United States in the capacity OF 4
friendly referee. !
There is no question in my mind
that such an arrangement would
have the immediate effect of re-
storing national and international
confidence and eventually would
lead to the liquidation of debts that
now appear to be bad"
The Washington herald., 1921-04-03
Cotton Into Sight Decreases

NEW ORLEANS. April Sec
retsry Hester. of he local Cotton
Exchange. makes the amount -
cotton brought into sight for tn
week l27.9O9 bales. compared with
lSl.757 bales last year and l3l.S5i
bales in 1919.
The Washington herald., 1921-04-03
COTTONSEED OIL.

NEw-YoRK,'Apr 2.-Cottonseed
oil market weak. Spot SIS bid;
crude (southeAst), 400 sales. Fu-
lures: April. 5.50a6lo; May, 5.s6a
500: June. 6.O0a650; July. 6.56a6.5S:
August, 6.S0aG.S3; September, 7.00a
7.02;, October, 7.O5a'.35: November.
705a7.35.
The Washington herald., 1921-04-03
Business Philosophy
In I8 Words Ford

p DETROIT. Mich, April a.
Henry Ford today ssummed mp his
business philosophy in eighteen
words. They weres
"The time for business man
to borrp,s money, II ever, fs when
he does not need IT,.
In an editorial I'm the Dearborn
independent, Ford declared that
''if a Dan really needs money, IL
In usually q sign that he needs
something else nrst.,
The Washington herald., 1921-04-03
Spot at New Orleans was quiet at
a decline of Ne at Tx for mid
ding. The sales were 333 bales.
Reduced Exports to Europe.

Furnished BY ". B. Hibbs h Co., Aemberi
New York Cotton Exchange.
The Washington herald., 1921-04-03
CITY Bank Engages Gold.

The National City Bank of New
York has engaged about $500, 900
gold which will come forward on
the Aquitania, leaving Southamp-
ton yesterday. S.. -s-.-s
The Washington herald., 1921-04-03
INSURANCE STATEMENTS
STATEMENT OF THE CONDITION OF
The Mercantile Insurance Co.
of America.
NEW YORK. ~. Y

nv NhNA Nosthh~ AAaooh ohNS W.
of America.
NEW YORK. ~. Y.
ON the 3lst day Of December. 1921. ss
required under the District Of Columbia
Code. amended June 30. 1902. and August
is, 1911.
Capital stock .......-........ -kl.oOO.oo0!oO
Capital stock. paid up in cash. 1000 600. 90
ASSETS.
Cash in bank .........-....-S s l44.311.Sa
sticks and bonds Jmarket
valueD NEUTRALITY-SUSPICIOUS.. 3,4S2-6IS.d6
Premiums uncolIected and in
h. nds OF agents ............ 40s, 493 IL
Interest due and accrued. 1881 -
All other assets .......... 9,T35. 80
Total assets $4,000. SIC 50
LIABILITIES.
Net unpa Id claims ..........S 26q. rs. al
Reserve as required by law. l.76O, ,46i. .o3
81 Il ries, rents, expenses, taxes,
etc. ..........-....-...a- 64.OOU.gl
Commissions. brokerage, etc. 9.25O .
Capital stock ................. 1000. 900 90
All other liabilities: surplus. si7 7.sI5.sl
Total liabilities ........... "a. .Oeo ,sie 81
Character Of business transacted during
the year 1890: Fire. Lighting. windstorm,
Ocean and lndand Marine! Automobile, Ex-
ploSion Riot Civil Commotion and Invasion.
L~akagc, Aircraft. Earthquake. Hail. Crops
and wea ther.
Amount Of risk assumed during
the year io-O ..........-... .t9.Sd2, d24. 10
Losses SUSTAINED during the year
. 1b1D ,.-.--..-..-.-...-x. = s09. NJ. .6S
Money received during the year
year 1890 .................. s. 434 $50 as
Expended during the year 1874. g. Os9. Io2 20
&C. y. sHAILCR0ss. President.
u r. BARBOUR. ascretary.
Subscribed and sworn to before me this
9th day OF February. 1921.
(Seall W. W. APGAR.
Notary Public.
The Washington herald., 1921-04-03

Copyright. 1911
The Washington herald., 1921-04-03
INSURANCE STATEMENTS
STATEMENT " TIE NuNDIIIUN W
The Columbus Mutual Life In
surance Co. of Columbus. Ohio

on the 3lst day OF December. 1899, 40
required under the District of J"lumhs
Code. amended juno 81, Ro2. aud AugO-i
l.. 1911.
Capital stock .....-.....,..-.s eoo.OooIsp
Capital stock. paid up. in cash. 100 oo0NS
The Washington herald., 1921-04-03

DENVER. Colo. April several
hundred carpenters. bri"klaycrs and
l,lasterers were idle today. as the
result Of a fiv.-day lockout ny con-
tractors against the unions hcCaus"
the latter refuse to accept wage re-
ductions Of 20 per cent
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-08-27

meeting Of tho stockholders Of the
Ohio Valley Homer OH & Gas company.
The meeting has been called by COM
m!ttee of stockholders and Somo Inter
esting developments may result, 1t 10
said.
Many To Meeting
The reorganization meeting OF the
Chamber OF Commerce scheduled for
Monday evening at the quarters In the
HUB building gives promise OF being
very interesting. Already more than 100
persons have accepted the invitation
to attend the gathering and have mailed
back their cards OF acceptance. The
feature OF the meeting will be the re-
port OF the election judges on the ncP
officers for tho organiza ton.
To Brookside
The Commercial baseball team will
play the fast LOra!n Coal 4 Dock COM
pany team Sunday afternoon. The game
Is slated for the Brookside diamond.
Manager James Ross. OF tho local team.
will likely send Prank Long 10 tho
mound for this important game with
We.send behind the bat.
Game at Klse
a bail game that gives promise OF
being very interesting Is scheduled for
Sunday afternoon At the klee diamond
when the kIee A. &. team meets tho fast
BellxtCe Independents. The game will
no doubt attract Il big crowd Of fans.
1redsriokB Funeral
Funeral services for the late VIM. h.
Fredericks. prominent local resident,
who died at the City hospital Thursday
morning. Will be held at the late home.
Forty-second and Noble streets. this
afternoon at o'clock. The Masonic
BODIES will have charge OF the services.
Tho body Will be placed i'll tho Rose Hill
cemetery mausoleum.
Six In Court
There were six offenders In police
court yesterday. -Four OF them were up
on charges OF lighting. ono for lettering
and tho other for. being drunk. Five OF
them were able to pay their fines and
were released. The one charged with
lettering was ordered out of town.
Membsrship Grows
The membership OF the Telalre
Chamber OF Commerce continues to
grow. During the past week - new
members have been added 10 the or
ganlzation. This brings the total num-
Der Of members TO 42i.
Briefs
Mrs Earl Duffy, Of Cleveland. who has
been visiting hero. has gone to Belmont
for visit.
Rev. Charles Pearce. OF the local
Christian church. has gone 10 Winona
Lake to attend the convention.
Mrs. Clyde Durty and daughter Jean
will return today from Key whore they
have been visiting relatives.
There will be meeting OF Rellaire
Lodge r. & A. NJ. this afternoon at
o'clock for tho purpose of attending
the funeral OF william X. Frederick. as
. courtesy TO Nelson lodge OF Wheeling.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-08-27
BRIDGEPORT
FARMER-SPORTSMEN
HOLD OUTING TODAY
HuNDREDS FROM ALL OF RIVER
FRONT PLANNING TO ATTEN
OUTING AT MILNER's GROVE
TODAY,
target and Trap ShootdnR md Other
Outdoor Sports Planned for BigGest
Day In County'B History.

An outing which gives promise Of be-
ing the biggest in the history OF Bel
mont county Is being held today at
Miners grove. beyond st. Clairsville.
by the members OF the Belmont County
Fish and Game Protective association.
most Of the sportsmen Of the county
and q large majority OF the farmers and
rural residents. The object Of tho
outing Is to bring about 4 closer spirit
Of cooperation between the farmers
and the sportsmen. and oil who attend
the event have been promised fine
time.
Hundreds Of tho residents OF the river
from, portion OF the county are plan
ming 20 attend the event. and the pro-
gram for the day Includes target shoot
Ing. trap shooting and u variety OF out
door sports.
Victims Funsral Monday.
Tho funeral services for John Seized
we'll. 14-year-old son Of Mr.. and Mrs
Charles Sohedwell. Polish residents Of
Woolfhurst near Stop 22 on the Ma
tlonal pike. who died ut the North
Wheeling hospital at an early hour yes
terday morning as result of injuries
sustained in the bus accident on the
National uike. will be held from the
family homo on Monday morning at =
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-08-27

Provident a few days ago is able to be
around again.
Mr.. and Mrs. Tyron and family of
Cleveland have returned home after u
brief visit ut the home of Mr.. and Mrs.
y. T l'arshall Of East Main street.
Frank Gable and family Of Marietta
street havc returned homo after a
month motor trip to eastern cities
f.. 4. SedHwiCk OF Martins Ferry was
q business visitor In town yesterday.
Mrs. clyde Hatcher and Mrs. +. c.
Troll spent yesterday with GAINESVILLE
friends.
Miss Clara Louise Smith OF Martins
Ferry visited with local friends yester-
day.
Rev Robert Pugh OF Columbus has re-
turned home after a short visit with
local friends.
clyde Hatcher OF Pittsburgh arrived
yesterday to spend a few days with To-
cal friends and relatives.
The Young Ladies' Missionary society
Of tho Presbyterian church will hold
corn roast on Monday evening at the
home OF Miss Mary Hammond Of West
Main street.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-08-27
CAMERON
New Fire Truck,

The citizens OF this city have pur-
chased a new motor fire truck. 1t IS
one Of tho most modern trucks built.
having all the necessary things needed
in fighting fire. 1t Is equipped with two
large chemical anks having q capacity
OF so gallons each. and carries 1000
feet OF three-inch hose, 200 feet Of one
inch hose and 200 hundred feet OF three
quarter horse. In addition to this 1t
carries axes. small hand eXsinguishers.
search light and three large ladders.
also there IS large search light
mounted on the truck which can be
turned In any direction. The truck was
purchased fro c. II. Sutphen company.
Columbus. Ohio, for $4,000.
Marshmallow Toast.
About sixty Endeavorcrs enjoyed a
marshmallow, corn and weiner roast ut
the homo Of Ingram Tough Friday
night. Their appetites had been sharp
rned by hike from the Chrtsten church
to Mr.. LUuRh's homo on Grape Vine
ridge. 80 needless to say, they done full
justice to the food presented. Games
we're played and fne time was enjoyed
by everyone The Endeavorers extended
to Mr.. Tough many thanks for making
such IL splendid time possible.
Cameron Briefs.
Cameron school begins Monday, Sep
tcmhcr L..
Radcliffe Chautauqua at Sugar Grove
September .. and 4.
Born 10 Mr.. und Mrs. Charles Wood
run. a baby boy.
Mrs. Harry Fisher. Of SteubenVille.
is tho guest Of Mrs. Florence Watson
Is. T. Kent and family have returned
from Buckeye Lake.
Lindsay Cain. Of Banncn, was n ousi-
ness caller IN this city Wednesday.
Mrs. Alice Hess. OF 81. Louis. Is the
guest Of relatives here.
Harry Wellman and wife attended the
WaynesburC fair last Thursday.
Okpv Stewart has returned from
Marietta where he spent few days.
Attorney Martin Brown was out from
Moundsville last Tuesday on business.
d. 4. Ward has moved his family 10
his new home In Wilmington. Del.
Miss Ruth Dallison has returned from
Ninevah, Pa, where she visited rela-
tives.
John Ealy and family have returned
fro mSebring, Ohio. where they visited
friends
D. w. Boyd, old soldier, r. & o. vet
eran. and former resident of this city,
has returned to Washington. d c..
aftor spending several months in this
city.
Mr.. and Mrs. Shaner. formerly Of
this city. now OF Pittsburgh, are visit
ing friends here.
Tom Neal and wife will shop In
Wheeling tomorrow.
Spray Chambers is visiting his sis
ter at West Alexander for few days
Mrs Adam Phillips IL visiting her
mother at Waynesburg. Pa
Mrs. J. Riddle. Mrs. Hart McNealy
and Mrs. George Miller entertained the
Maccabees on the Ride lawn last eve
ming. and very enjoyable time was
had. a light luncheon was served.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-08-27

o'clock. Rev. Father o. II. Won Intel
will orrtc,atc, and burial will be made
at Linwood cemetery.
Pythian Sisters.
One Of the most interesting anu peHt
attended meetings Of the season was
held by the I'ythian Sisters IN the
pyth!an home on the Cadiz pix" last
night. Besides tho transaction or
large amount OF important business
several candidates were Initiated ''''o
the organization.
Complete Electric work.
Contractor Albert Blunenb"rg OF
Martins Ferry reported yesterday '""'
the work Of wiring the basement rooms
~ tho IVES, bridgeport and the Brook
aide school building for lights, prepare
,ory IN ths opening Of school. has now
beon completed. and Il Is UNDERSTOOD
that these rooms will be required loT
I school purposes
Ask Rsturn-
Al the recent quarterly conferences
hold at the West bridgeport and inc
West Wheeling Methodist churehes
unanimous action was taken asking lor
! tho return OF the pastor. Kew j. \.
Morton OF this city. 10 tho l'astorate OF
these churches for another year. MI
Morton IL we'll liked by the residents
Of the community. and al! express t"c
hope that the conference will respect
their wishes.
Bridgeport Briefs.
Mrs. Mary Brown Is reported inpro'-
proving following n few days Illness
at her home In k!rkwood.
The remaining victims Of the bus &C
! c!dent on the National pike are report-
, Ell improving at the North Wheeling
, hospital.
; Miss Martha Cortland has returned TO
= duty at tho Sclhy IL Reed pharmacy
after a TWO weeks vacation spent In
camp.
The usual weekly meeting or the
! volunteer fire department will be held IN
, their quarters at the city building TO-
,porrOw