davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-03-06
BALTIMORE PRODUCE.

BALTIMORE. Mar. 5. = Eggs -
Western Maryland. Pennsylvania
and nearby firsts. 32c: Eastern
Shore, Maryland and Virginia frsts,
32c: Western (Ohio), firsts, 32c;
Southern IN. c., firsts, ale; West
Virginia firsts, 3Oc: duck eggs, 55c.
Live Poultry - Chickens, young
large, lb, 37a3Sc; rough, shaggy
poor, lb, 30a32c; old roosters, lb,
20c; old hens, over lbs. lb, 34c;
do, small, lb. 33a34c; White Leg
horn hens, lb. 33a34c.
Butter-Creamery. Western sepa-
rator. extras 53a54c; do, firsts, 51a
SEC; Western prints, Y lib, extras,
54a55c; do. firsts, 52a53c; Western
prints, lib extras, 54a55c; do, firsts.
52a53c; nearby creamery, extras,
47a4Sc; do, firsts. 44a45c; dairy
prints, extras, 2Sa30c; do, firsts, 25s
2ec; rolls, West Virginia, extras, 2Oa
21c; do. firsts, 19c; Maryland and
Pennsylvania, extras, 22a23c.
Dressed Poultry (Scalded, .un-
drawn, head and feet on). Turkeys,
choice to fancy hens, lb.. 54a55c;
mixed hens and gobblers, 52a53c:
poorly dressed thin, lb. 40a45c;
chickens, straight, young, ID, asa
40c; do, mixed. young and old, III,
s3a34c; ducks. choice, fat, lb, 42aI5c;
geese, choice. fat, nearby, lb, 32a35c;
do. Southern and Western, lb, 2Sa
a0c
The Washington herald., 1921-03-06
WHEAT RESERVE
ESTIMATES VARY
Coming Government Forecast
Carries More Than
Usual Interest.

CHICAGO, March 5.-"Durinr the
week." says Thomson & McKinnon's
grain market review, I'VE have re-
ceived from private sources two es-
Inmates of the farm reserves of
wheat. These estimates range from
1876, 100000 to 192,000,000 and have
received more or less criticism for
the reason that the government
gave farm reserves as of January 1
as 1872, 100000. These private esti-
mates do not confirm previously
formed ideas of exhaustion Of avail
able wheat before the new crop.
Because Of this. and because of con-
fiict between these figures and the
government figures of January last,
the coming government estimate to
be received Tuesday next, is of more
than usual interest. 1t may be said
that none of these various estimates
will include importation from Can
ada. II is believed that something
like 10000, 900 of Canadian wheat
has moved into consumption in the
United States. and the vetoing of
the tariff bin will permit a con-
tinuation of this movement in case
necessity demands.
milling trade, and what little export
business Is doing, is placed at the
lowest premium on the crop. Be-
cause of the facility, close adjust
ment between remaining supplies
and future demand, the progress of
the growing crop will be closely
watched. Seeking of spring wheat
has commenced in some portions Of
the Northwest. So far as the win
ter wheat crop is concerned, little
actual damage has been claimed, but
weather conditions have favored the
development of insects and retarded
the growth of their enemies. In
sections Of the Southwest, rain or
snow would be welcome. There
have been very few reports of alter
nate freezing and thawing. and the
abandoned acreage promises to be
less than year ago" -
There have been many claims of
a cessation Of selling Of corn by the
farmer, not only because of dis
satisfaction with prices, but be-
cause farm work takes precedence
Nonetheless. the movement partfcu-
larly to this market. has been larger
than anticipated and is continuing
longer. There is a steady foreien
demand, but not of important value
Distributing demand Is still slow.
although stocks IN the hands of lob,
bers and retailers throughout the
East are probably at minimum,
There = some evidence Of the
appearance of the customary ais
tributing demand for oats, hut notb-
ing sufficiently pronounced to effect
sny change in the accumulation at
Western markets. Seeding OF the
new crop L progressing rapidly.
The Washington herald., 1921-03-06
BALTIMORE GRAIN.

BALTIMORE, March 5.-wheat-
Receipts, s6,061 bushels, viz: 800
bushels afioat and S5,261 bushels by
car Shipments from elevators,
S0,296 bushels. Stock in elevators,
1,453,o31 bushels.
Opening prices on wheat today
were: No. red garlicky, spot, s1.S7:
March, SLIT; May, $1.S1k nominal.
Corn-Receipts, 1926 bushels.
viz: 2,940 bushels afioat and 1885
by car. Shipments from elevators,
4s,740 bushels. Stock in elevators.
1,3S7.494 bushels.
Opening prices on corn today were:
Contract, spot, S3%c; March, s3&c.
Cob corn is quotable at s4.15a4. IS
per barrel for carloads prime nearby
yellow. on spot.
oats-Shipments from elevators,
1887 bushels. Stock in elevators,
510,9s3 bushels.
Domestic basis-No. 2 white, 531a
a54c; No. white, 52a521sc.
Rye Receipts. 32,537 bushels.
Shipments from elevators, 4,142
bushels. Stock in elevators, 737,069
bushels.
Opening prices today were: No. 2
Western, export. $1.69ia; bag lots
of nearby rye, as to quality, s1.50
and $3.50 per bushe1.
Hay Standard timothy, $3.50;
No. timothy, s24a24.50: No. 8 tim
othy. s16.50a21; No. / light clover
mixed. s22a2250: No. 2 light clover
mixed s1Sa21; No. 1 clover mixed.
s20a21; No. 2 clover mixed, s16a1s;
No. 3 clover mixed, $13a15; No. 1
clover, s23.50a24.50; No. clover,
$16.50a20; No. clover, s13a16;
sample hay, $10a15.
The Washington herald., 1921-03-06
HEAVY UNDERTONE
FEATURES COTTON
Trading Moves Within Narrow
Margin With Net Loss
of 10 Points.

NEW YORK, March 5.-A reitera-
tion of unfavorable factors affect
ing cotton made the undertone of
the market heavy again today.
While the inaugural address of Pres
ident Harding appeared to have had
a favorable effect on sentiment. it
failed to stimulate the demand.
Trading generally was narrow
and featureless. Initial quotations
were seven points lower to three
points higher. Spot houses were
light sellers early and there also
was some selling for New Orleans
account. Local professionals bought.
Later prices rallied on local support
and Wall Street buying. the list
moving up to within a point or two
of the previous close eayly in the
second hour. Texas reported a better
demand for low grades from factors
who had hedged with sales of
futures. 1t was pointed out that this
buying represented investment rather
than consumption.
Toward the close there was con-
siderable liquidation and also local
selling, which weakened the market.
Final quotations were barely steady
at a net loss of ten points to a loss
of two points.
Spot here was quiet with mid
dlings ten points lower at l1.40c.
There were no sales. Spot at New
Orleans was quiet with middling un-
changed at lie. The sales were 26l
bales.
Receipts of cotton today at some
of the leading points follow. Figures
| in bales: Galveston. 4,93S: New Or
leans, 4,64e; Savannah, 1,s40; Nor
folk, 5i5; st. Louis. S.157; Houston.
5,264.
The Washington herald., 1921-03-06
Hides and Leather
Face SLOlu ReUiUal

Any general and decisive trend
toward better business in hides and
leather is still, absent. the trade
Improvement continuing slow and
checkered. The price yielding in
hide markets is not so evident as
recently. and some asking quota
tons are actually higher, but de-
mand Is fitful. Such activity as pre-
walls in leather is almost wholly in
specialties, and the occasional siz-
able transactions in standard lines
are usually effected at prices favor
ing the buyer. Yet there is a steadier
call for sole leather than existed
two months ago, and certain de-
scriptions of upper stock are NOV
ing with fair freedom. As hereto
fore, the footwear factories chiefly
engaged are those making women's
goods, and the situation, in a broad
sense, is characterized by hesita-
tion. While some manufacturers are
said to be sold up we'll into April,
IT is believed that orders will be
lacking at various plants after
Easter shipments are completed.
The Washington herald., 1921-03-06

factory employees was approximately
126 per cent above the amount paid
In 1914. This shows a reduction in
the total payroll of about 20 per
cent from the high point reached in
the early months of the year.
Further figures issued by the New
York commission show that the re-
ductioo in the total payroll ls due
almost entirely to the smaller num-
Der of employees rather than to any
significant decrease In the weekly
earnings. As a matter of fact the
average weekly earnings in these
New York factories for December,
1920. was $2S.35. which represents a
reduction of only SIS cents from the
highest weekly earnings recorded,
namely. $2S.s2for October, 1920.
The figures for January, 1921,
show an average weekly wage of
s27.61. or a reduction of "a cents
below the December average. The
total decrease since October amounts
to s1.32. or less than per cent.
The following table shows the
average weekly earnings in New
York, State factories for each year
since 1914. II will be noted that
average, wages for 1920 were 12s
per cent above those in 1914.
Average Weekly Earnings In New York
State Factories.
The Washington herald., 1921-03-06
SELLING PRESSURE
HITS GRAIN MARKET
Lessened Buying Power Aids
In Taking Edge OFF
Trading.

CHICAGO, March 5.-An in
creased selling pressure and less.
ened buying power took the bull
ledge off the grain markets and
while the lowest prices were not
held on wheat the coarse. grains
finished at the inside with ne'
losses of is to cents on wheat
y cent on corn, Y to u cent or
oats, 4 to Il cent on rye and
cents on barley.
The week witnessed stronger and
higher markets for Ave days with
setback at the last which was
only natural with more selling
pressure and a reduction in the
short interest. Closing trade COM
pared with a week ago showed
wheat up to 5k cents. March be-
ing the weakest. Corn TX to ~
cents higher, oats IL to 1h cent
rye to AZ cents, barley cents
pork so cents, lard Is to 17k' cents
and ribs 27a to 321 cents higher
Trading was largest in May
which ranged at $1.61% to s1.63k
There was selling of March and
buying of May credited to the lead
ing elevator interests.
Receipts show good gains over
last year. Omaha had ten cars OF
hard winter here that brought liz
to cents over March.
The United Kingdom was in the
market with bids cents out of
line, offered hard winter at AZ
cents over March. Kansas City Of
fered hard winter.
Export sales of -four were 5000
barrels for two days. Trade senti-
decline.
support was poorer. Brokers who
led the selling early were buyers
later on the decline. May broke
from ~ to 71S cents and finished
around the low point. One house
bought only 500 bushels at fifty
stations in Illinois and Iowa ,Ex-
port sales were 100000 bushels "a nd
domestic 10000 bushels with prices
y cent lower at the last. One
house loaded out 100000 bushels
for export during the week.
Oats felt the effect of the heavy
covering Friday. Hedging of small
lots and poor support carried prices
down y cent and made a tame
close. Cash prices were y cent
lower and sales $4,000 bushels
Green bug reports were without
effect. Seeding operations are said
to be nearly completed in the South
and Southwest and are advancing
in southern Illinois.
Following are today's quota tions on grain
The Washington herald., 1921-03-06
Cool Production ReDort
ShoIcs Continued Drop

Production OF bituminous coal
continued to decline during the
week ended February re. according
to the weekly report of the GeoloE-
ical Survey The total output was
estimated at 7.334.OOo tons. a de-
cline of $4,000 tons when com
pared with the preceding, week.
with the single exception Of the
period of the coal strike Of 1918.
the rae of production is lower at
present than at any time during the
past four years. The weekly pro-
duction is at a rate Of 5.oQo.o 900
tons less than that which prevailed
early in the winter.
Production Of anthracite declined
during the week. The output is
estimated at 1,S25.0OO tons. q de-
crease Of per cent when compared
with the preceding week. tn. ar
crease was caused chiefly by -tha
occurrence Of washington's BiZh-
The Washington herald., 1921-03-06
PRESSURE ON OIL
SHARES RENEWED
Price Changes Irregular and
Business Is Pro-
fessional.

NEW YORK, March 5-Renewed
pressure against some of the oil
shares and a moderate demand for
some of the bonds that had been
under pressure, featured the curb
again irregular, and business, while
smaller than earlier in the week.
exceeded the totals Of the two-hour
sessions OF the past month or more.
Commission houses executed a few
orders on both sides during the first
half hour. Thereafter the trade was
almost entirely for professional or
inside account.
Mining stocks were moderately
active, with price changes confined
within narrow irregular limits.
The Washington herald., 1921-03-06
(Furnished BY American Security
and Trust Col
Weekly Coal Report.

NEW YORK. March 5.-The de-
nnand for anthracite coal slackened
considerably this week, with the re-
suit that both Independent" and
company" coal continued at the
same price. Stove and Chestnut
brought $50 (. o. b. mine. Egg
coal dropped twenty-five cents un-
der last weeks quotations, bringing
$3.50. Warm weather, the economy
practiced in coal by consumers, and
good production will keep prices
down. 80,
The bitumfnous market remained
very inactive, and few contracts
were signed. and these were for
very little over the cost. Of produc-
ton. : :,
The export market continues de-.
The Washington herald., 1921-03-06
CASH GRAIN MARKET.

CHICAGO. March s. = Wheat
Relatively 1c lower. Shipping sales
$4,000 bushels. Sales track Chicago,
No. 1 hard. 1.77N a1.77k; No. 2 hard,
'L72Aa1.73; No. 8 hard, 1:71k.
Corn-Steady to hc lower. Ship
ping sales, 100000 bushels. Sales
track Chicago: No. 8 white, s6Lc;
No. white. s3Ka63 &c; No. S white.
62&c; No. . yellow, s6a67Hc; No. 4
yellow, 6Sk a64Ac: No. 8 yellow,
62ha6sc; No. mixed, e5%a66Kc:
No. mixed, 63a64c; No. mixed,
62Kas3Ac.
1 oats-Steady to half cent lower.
Shipping sales. $4,000 bushels. Sales
track Chicago: No. / white, 46Ac;
No. 2 white. 4sc; No. 8 white, 45Na
IS 5hc: No. 4 white, 44hc.
The Washington herald., 1921-03-06
WAGES REMAIN HIGH
WTIHEFOOD PRICES DROP
Number of Employees and Payroll Reduced
209o-Average Weekly Wage Unchanged.
,rhe washington Herald'. Economist.p I.

The Industrial SURVEY conducted
last January by the United States
Employment Service. Department Of
Labor. showed that some 3.5o0.eo0
men were out of employment. Fig
ures recently compiled by the New
York. State Industrial Commission
show that for some 1850 firms in
that State there has been a reduc-
ton in the number of employees
amounting to about 20 per cent,
compared with the high mark
reached last March. This latter
report shows that manufacturing
activity in New York State was
considerably lower In December,
1920. than In the same month of
previous years with the exception
Of 1914.
The following table of index
numbers of employment is taken
from a plotted graph published by
the New York Industrial Commis-
sion and represents approximate
values only. These index numbers
show that the number of persons
employed in December, 1920. was
approximately the same as the
number employed in June, 1914.
Near the middle of 1918 and again
in the early months of 1920 the
total number OF persons employed
IN New York factories reached its
maximum, showing an increase of
about Is per cent above the num-
ber employed in 1914.
Index Of Employment.
Approximate numbers
HaSad on June 1QrA-tO0
The Washington herald., 1921-03-06
SECURITY LEAGUE
CONDEMNS FAILURE
BUDGET
Action of Outgoing Con-
gress Scored by President
Charles Orth. I,
HELD UNFORTUNATE
Says Distraeting Influence Of
Incoming Administration
Diverts Public's Mind.

NEW YORK, March 6.-The fail
ure of the outgoing Congress 10
provide for a real national budget
system for the government is the
subject Of an emphatic statement
today by Charles d. orth. president
Of the National Security League.
Procuring a national budget has
been one OF the basic tenets Of the
Security Leagues postwar program
and the organization has conducted
executive educational propaganda
on the subject throughout the
country.
Substantial saving.
1T is unfortunate" says Mr.. orth.
that the distracting influence OF an
incoming new administration has
taken the public attention away
from the fact that. dAspite the mzny
promises, Congress has not yet put
Into effect a real national budget.
which would place the financial op-
erations Of the government on
business-like basis and result In
substantial saving OF the peoples
money. The only crumb Of comfort
is found in the House Republican
caucus voting down a resolution 90
reconsider the preliminary steps
which have beeh taken after much
delay and strenuous effort.
TT would seem to be a pretty
serious arraignment Of Congress es
a whole II the necessary legislation
for a real budget system Is not en-
acted early by the new Congress.
The leaders Of both political parties
have endorsed the idea and IL is uni
versaIly approved by the press ana
by leading citizens and civic or-an-
izations everywhere. In fact. no
one dares to openly oppose IL. SON
Congress marks time
Accounting In Votes
The budget and a single apprc-
priations committee should become
facts. The people of the United
states are prone to see 60 IL that
there is an accounting in terms OF
votes II they cannot get their public
servants 90 make them the account
ing in dollars which the desire.
The high cost OF government
national. State and local-has been
and Is the biggest factor in the
high cost of living. No more direct
and tangible, thing to restore pros
perity can Be accomplished than a
genuine budget system"
The Washington herald., 1921-03-06

The fact that factory wages have
increased as rapidly as the increase
in the cost of living is clearly shown
in the accompanying diagram which
represents the average weekly earn
ings in New York factories and the
average change in the retail price
OF food. as determined by the U. S.
Department of Labor. Retail food
prices have shown a drop of about
IS per cent since the middle Of 1920
Wages, however, have shown prac-
tically no decline up to the end of
December. At the end of 1920 re-
tail food prices were so per cent
above the average price in June.
1914. while wages in New York State
factories were 123 per cent above
the average wages at the correspond
ing time in 1914.
The Washington herald., 1921-03-06
(Figures in barrels).
DdHy dNeTdBe srVSS PrVuueSN
Mld-Continent Fields.


MId-Continent Fields.
The estimated daily average gross
production of the Mid-Continent
Qight oil) field, including Oklahoma
Kansas. North Texas. Central Texas
and North Louisiana, for the week
ended February 26 was 640,755
barrels, as against 650.500 barrels
for the preceding week, showing a
loss Of s.745 barrels.
Gulf Coast Survey.
The estimated daily average pro-
duction of the Gulf Coast (heavy
oil field) for the week ended Feb
ruary 26 was 111.530 barrels. as
compared with 112.725 barrels for
the preceding week. a loss of 1,195
barrels.
Southwest Fields.
The combined estimated daily
average gross production of the
Southwest fields for the week ended
February 26 was 752,2S5 barrels, as
compared with 763.22s barrels for
the preceding week. n loss Of 10,940
barrels.
Southern Areas.
Oklahoma Kansas is credited with
a daily average gross production of
359.720 barrels. a loss of 1,24o
barrels as compared with the pre-
ceding week. North Texas shows a
loss of 3.S35 barrels. Burkburnett
in this field shows a loss of 1000
barrels. while other pools show
slight increases. Central Texas shows
loss of 1875 barrels. largely ac-
counted for by Stephens County.
North Louisiana is credited with an
increase of 2.9O5 barrels. Claiborne
Parish in this field shows an in
crease of 2.945 barrels; Bull Bayou
an increase of $50 barrels; while
Caddo light shows a loss of 2so
barrls In the Gulf Coast. Goose
Creek increased 1000 barrels: Hull
and West Columbia show losses of
1000 barrels each; while a few other
pools show slight changes, making
a loss of 1,1s5 barrels for the field.
as compared with the preceding
week.
The estimated daily average pro-
duction of Wyoming and Montana
is $3.50 barrels, an increase of $50
barrels as compared with the pre-
ceding week. The Cat Creek field
in Montana shows an increase of
1.1O0 barrels, decreases in Wyoming
pools accounting for the compare
lively small net increase for the
Rocky Mountain district.
The Washington herald., 1921-03-06
Unsettled Condition in Bond
Trade Holds Numerous Important
New Undertakings in Allegiance

falling due on July ] next The re-
fusal Of the Interstate Commerce
Commission to permit the Burling-
ton to issue little over 100000, 900
of bonds came as a shock to bank
ers identified with the financing
plans of that road and steps are
now being taken to formulate an
other comprehensive plan for sub
mission to the commission.
All haste will be made in doing
this because of the length Of time
which the commission takes In
which to render a decision Of this
character II was stated in banking
circles that the bankers In COOP
GRAFTON with the officials OF the rail-
road and the Great Northern and
Northern Pacific companies have
several plans in mind which may
be presented or there may be a con-
solidation Of the various plans which
have been discussed with a view to
preparing something which will
meet with the approval of the Wash
ington authority. II was said that
opinion generally was that IL a new
attractive issue is created and ap-
proved by the Interstate Commerce
Commission a large majority of the
holders of the Burlington Joint As
will willingly exchange for the new
bonds SO that the actual new money
necessary to be raised in connec-
tion with the transaction would be
comparatively small. This is one of
the largest single maturities that
ever has taken place in this country.
slump Lasts Three Weeks
Bond prices during the past three
weeks have slumped off consider
ably. most of the railroad issues
sustaining declines of from TO S
points and somewhat smaller reac-
tions have taken place in indus
trials. Public utilities have held re-
markably well, and the outlook for
this group Is viewed with entire
satisfaction in the trade. There
were reports during the week that
the New York Telephone Company
contemplated putting out s2O.OeO, 900
or s25.OO0.OO0 of new bonds. but
those in a position to know the facts
say that it probably would be at
least another six months before any
thing is actually done in the matter.
The company seteral months ago is
understood TO have arranged a
financial plan involving some $75,-
100000 TO be carried out over a
period of several months and thus
far s5O.OOO.0OO of new issues there
under have been fioated, including
the Northwestern Bell Telephone
honds and the Bell Telephone OF
Pennsylvania bonds, both OF which
constitute a part OF the Bell sys-
TEN. II bond market conditions
were more apspicious at the moment
it is not improbable that the man.
agement of the Telephone Company
might deem it a propitious time to
make an offering.