davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-08-10
Cotton Higher,
Trading g Narrow,
Close Is Firm
Advances of s to 10 Points
Recorded; Commission
Houses and Room Trad
ers Furnis S h Support

Compared with the activity and
sharp price changes last week, yestor-
days cotton market was rather a mar
row affair, showing range of only
about twenty points. At times the
undertone was little heavy, with
October declining to 13.l0c, or eight
points under the previous close, but
at other times, notably near the close,
very good demand appeared and the
days wlnd-up was quite firm at a net
advance of eight to sixteen points.
The late buying, which featured the
final half hour Of business, consisted
chiefly of commission house support
and covering by room traders who had
gone short earlier in the day on the idea
that the market was not responding
well to the continued bulish crop and
weather news. A good deal of switch
ing occurred during tho afternoon,
but outside business was much
smaller than it was last week, as
liquidation in the las. few days has
reduced the outstanding long interest,"
and new buying awaits a reaction in
the market.
In the weather details published at
midday a good deal of rain was shown
in the central and eastern belts, but
practically none in Texas, where it
is wanted. while temperatures in the
latter state continued higher than is
desirable. Reports of cotton turning
yellow in the Carolinas and Georgia
We're considered bad, rs they would
Indicate that the plants were dying
Possibly the most bullish feature
Of the dav was the news from dry
goods circles, which Indicated q CON
tinued active demand for cloths and
sheetings for both domestic and
export
Southern spot markets as officially
reported were fifteen points higher
to twenty-five lower, ranging from
11:25c to 12.65c for middling.
The local market for spot cotton
was quiet and ten points higher at
13.30c for middling.
No sales were reported
The range of nricea.
New-York tribune., 1921-08-10
Rates on Petroleum
Committee Makes Study
the Situation

The petroleum rate committee, act
ng for the petroleum industry, has
made a study Of the rail rates now
applicable to the transportation of
petroleum and its products. The com
mlttee announced yesterday that it
has approached this question with the
viewpoint that the interests Of the
industry and the railroads, when
properly understood, are mutual and
founded on the same principle.
Zach seeks to transact as large a
volume of business as possible. and
at fair profit" said a statement
issued yesterday. "The petroleum in
dustry uses the railroads as means
OF carrying part of its products to
a market where they can be sold. It
desires to broaden these markets and
to furnish the railroads an increasing
volume of tonnage. The interest OF
the railroads is in securing this
traffic and in charging a price for their
service o5 transportation which is
reasonable, when compared with the
cost Of the service, and which viii
stimulate rather than discourage the
movement Of petroleum and its pro.
ducts by rail"
New-York tribune., 1921-08-10
Markets in Other Cities
Detroit

'ales. Opcn High Low Ta,t
100 Am 1t {, Trac. s3 9S Ola 9l%
100 Columbia Sug. TX 7X ~ ~
500 Cont Motors.. 5% 5m 54s 51
80 Det Edison 81 81 81 81
200 Michigan Sug. 57s 81. 57t b7s
20 Packard pf.... 62'a 62la G2la C2l3
New-York tribune., 1921-08-10
Another ". Y. Loan
To Uruguay Runored

MONTEVIDEO, Aug. 9.-Executive
approval has been given the law au-
thorizing the Uruguayan government to
accept the offer, through the National
City Bank of New York, of loan of
s7,5O0,OO0 The law becomes effective
Immediately.
The national administration Of ports
and telephones has signed Professionally
contract with bankers syndicate
headed by the Equitable Trust Com
pany of New York for loan Of $9,000,-
600 to be used for the construction of
an underground telephone system. 1t
would be issuable at 81, and would bear
interest at the rate Of per cent. The
understanding is that the money would
remain in the United States for the
purchase Of materials.
Representative Of the Equitable
Trust Company said yesterday they had
received no information relative to the
reported new $9000,000 Uruguayan
loan. Bankers here were not inclined
to place much credence in the report,
in view Of the fact that a $7,500,000
Uruguayan loan is now being offered to
the American investment public by the
National City Company of New York.
New-York tribune., 1921-08-10
Wheat Is Higher
In Anticipation
OF Crop Reports
Belief That Estimate Would
Be Bullish and Signs of
Export Buying Factors;
Corn Rally Is Checked

CHICAGO, Aug. 9--Active export
demand coupled with correct anticipa-
tion that the government crop report
would prove bullish brought about a
fresh upturn to-day in tic value Of
wheat The finish, although unset
tied, was IL to &c net higher, with
September s1231a to s1.23a4, and De
cember S1.2Ss4 to s1.27. Corn gained
1sc-Ac to Sc, and oats, Il to Ssc.
Provisions closed unchanged to 21sc
higher.
New export business in wheat was esri-
mated as high as 1O00.O 900 bushels bur
the effect Of this total was emphasized BY
cable dispatches telling of new efforts for
W orld wide relief of the Russian famine
Besides throughout the session the beilef
was general that the government report
would confirm private estima tes showing
that production had fallen far short OF
what had been expected month ago
Other bullish factors were small rnoVemen'
and the fact that first returns from thresh-
Ing in Canada failed to come up to eN-
pectation. Realizing sales however. caused
the market to sag little at the last,
Corn and oats averaged higher with
wheat, despite the big corn crop in sight
and the huge visible supply of oats.
Provisions were firm as a resnlt Of the
strength OF grain and hogs,
New-York tribune., 1921-08-10
Grain Prices

Wheat
Yesterdays Previous Year
New York: close. close. ago.
No. 2 hard.... s1.3Sia $1.37 -
Chicago-The range Of prices:
Monday s
Open. High. Low. Close. c,ose.
Sept..... 1.2214 1.24H 1.22H 1.23% 1.22
Dec. 1854 1.27l4 1.2512 127 LIS
Yesterdays Previous Year
No. . yellow .$0.S1i+ $OS1 Sl.72A
Chicago:
September. 57M 57h IA
December..... .577s .5712 1.23
Yesterdays Previous Year
New York: close close. ago.
No. 3 white. .$O.4S $O43 500
September go. .37is .367s II
December, ,.... .40l4 40 .G97s
Yesterdays Previous Year
New York: close close. ago
No. West, fob. 81. .23i5 s1.31 $3.50 Y
Flour and Meal
Yesterdays Previous Year
New York: close close ago
Sp'g pat $500 @ 800 5000 900 sl2 rs a 13 rs
Crnml 1872 y @ 2:o5 1.92ls @2o5 a.ao@ 400
Rye 7.25 .25GD765 .O0@115O
Bran 24,oo 24.oc $500
New-York tribune., 1921-08-10
Revival in Business Said
To Be Based ON Expected
Fall Demand; Consump-
ton Outstrips Production

With retailers having placed orders
for their initial fall requirements IN
the way of textiles, garments and
mercha ndising parade is up 10 the con-
sumers. The actions of the latter
within the next two months will
determine largely if the revival that
has been apparent in the basic tex
tile markets is on a solid foundation
or if it will bog down in the middle
OF the season, as it did last spring
Retailers say that as yet there has
the public concerning its attitude
toward fall buying. Little fall mer-
chandise has been offered as yet.
What has happened so far. according
TO one retail executive, is that re-
tailers have backed their judgment
rs to what they expect to sell and
as to the prices they believe the public
VIII be wliling to pay. "The recovery
in the general textile lines" he said.
"has been founded on the retailers
estimates of future consumption"
On the other hand, textile manu-
facturers, particularly in the cotton
and woolen goods trades, believe that
the improvement so far is founded
as nearly as possible on real demand.
From reports drifting into the pri-
mary markets here retailers are under
stocked rather than overstocked on
teScile and textiles products. and
that for some time. consumption has
been larger than production.
another strong argument that the
textile manufacturers are putting
forth is that for some months prices
Of their raw materials have shown no
further declines, and, in fact, have
made some advances. This has given
the jobbers and retailers more con-
idence in the market prices of tex
tiles and apparel, but has not yet
reached the consumer, according to
trade leaders. The consumer, they
feel, is not yet convinced that the bot
ton of the market has been reached
on most commodities, and this ac-
counts for some Of the hesitancy still
apparent in retail circles.
New-York tribune., 1921-08-10
Financial Items

r. ". Woolworth Company reported sales
for July of $1o744.2s2. compared with s11,
293,443 In July, 1920; and for the seven
months. s72,s7s.147 against 716841o4 for
the corresponding period of the preceding
year.
S. II. Kress & Co. reported sales for July
of $2,076926, compared with $2,0S4,52% In
July. 1920; and for tho Reven months s1x-
o98.983. against $14.o09.72l for tho CORE
spending period OF the preceding year.
Farson. Son g. Co. have compiled and are
issuing for free distribution a circular
showing the market range OF 30 dividend
paying railroad stocks. Tho circular gives
comparison of the dividend record for
the years 1901 to 1920.
Zimmerman &, Torahay have issued for
free distribution circular outlining the
present status of industrial and municipal
bonds OF German cities. giving prevailing
rates and yields.
New-York tribune., 1921-08-10
Business News
Next Move in Textiles Depends
On Consumers, Say Producers
Fur Producers See
Good Season Ahead

The outlook for large volume
of sales of fur garments dur;n,
the coming winter is good, in the
opinion of A. e. j. Engel. fur man
ufacturers, who are interested in
about thirty retail stores.
Gas q result of the first week of
the August sales" says statement
OF the company, "the stores with
which we are associated have In
creased their sales over the same
time a year ago by about 10 per
cent in money value. Thss means
that there has been more than
twice the number of pieces sold
and, as a matter of fact the pro-
portion is much larger, because it
has been almost entirely the me-
dunn and lower grades of merchan-
disc that have been selling, rather
than the higher priced garments.
"The public Ia ready to buy furs
at the present market level in rea-
sonable amounts, and we feel fairly
certain that the coming season will
be q successful one in the way of
disposing of large volume of furs,
providing there is no marked in
crease in their present prices"
New-York tribune., 1921-08-10
Alfis-Chalmers A Earns
Sl.34 Share in Quarter

For the quarter ended June 80 All;x-
Ohaimers Manufacturing Company re-
ported net profits, after charges and
FEDERAL taxes. of $635,Sso, equivalent.
after preferred dividends. to s1.s4 a
share earned on the $25.770,75O com
mon stock. compared with $774,1S9. or
Sl.SS share, earned in the preceding
quarter and s832,746, or sell share.
earned in the corresponding quarter of
the preceding year.
For the six months ended June so
net prohts amounted to sl,41O,O69, or
$3.23 a share earned on the common
stock, after allowing for preferred divi-
dends, against sl,599,961, or s3e6 a
share, in the same period of 1920 I'm
filled orders on hand on June 80 totaled
$9,472,ll2, compared with $12,s34, ,633
on March 81 1920
New-York tribune., 1921-08-10
Would Increase Stock
So. Porto Rico Sugar Co. Pro.
poses Doubling Preferred

The South Porto Rico Sugar Com
pany has called a special meeting Of
stockholders for August 25 to act or
T. proposal to increase the preferred
stock from s5,ooo,ooo to $4,000, 900.
Inc new stock is to be offered to pres
ent preferred and common stockholders
pro rata at $50 share with a bonus
of 2o per cent in common stock. The
privilege to subscribe will be on the
basis Of thirty-two shares Of new pre-
ferred stock with eight shares of COM
mon for each 100 shares of preferred or
common outstanding.
In the event that all of the new
stock offered is not taken by stock
holders, directors reserve the right
either to withdraw the offer or to sell
the remainder to third parties at the
same price "less a reasonable COM
mission if required as they deem cx-
pedient."
New-York tribune., 1921-08-10
Important Crops
Show Effects of
Damage in July
Many Suffer Decline in
Estimat t e d Production;
Condition of Corn and
Wheat Drops Sharply

WASHINGTON, Aug. 9.-July's con-
slant hot weather and lack of rainfall
reduced prospective production on
crops more than a quarter of a billion
dollars. To-day's crop report of the
forecasts reduced by millions of bush
els compared with month ago The
reduced estimates of corn, wheat, oats
and white potatoes alone aggregated
100000, 900 bushels. and the prospec-
tive loss of production, calculated on
August l farm prices, amounts to $685.
100000 for white potatoes, $64 500, ,00C
for oats, 100000 for corn and $54,
100000 for wheat.
Almost every crop was adversely af.
fected by the almost constant high
Over practically the entire west anC
northern central states there was lit.
ale rain, while in Montana and parts
of North Dakota, Illinois, Missouri anc
other states almost drought prevailed
Small grains, corn and vegetables al
suffered severely. The damage te
white potatoes was extreme.
The report estimates the condition
Of some Of the country's principal farm
crops on August / as follows:
Winter wheat-Preliminary estimat.
Of production, 544 100000 bushels.
Spring wheat-Production forecast
213,000,000 bushels; condition, 66.6 pei
cent of normal.
All wheat production forecast. 757,
100000 bushels
Corn production 3,o32 100000 bush
els; condition, 84.3.
Oats production, 1887, 100000 bush
els; condition, 64.5
Barley production, III 100000 bush
els; condition, ia.
White potatoes production, $4,000,
Tobacco production, $4,000, ,OOt
pounds; condition, 66.6.
New-York tribune., 1921-08-10
Price Now Converters' Problem

Some of rhe smaller converters of
cotton goods are worried over the re-
cent advances that have been made in
the gray or unfinished cloth markets.
They say that their prices for finished
goods have been based on the levels of
unfinished cloth a month or SO ago, and
that demand for finished goods has not
leen strong in the general converted
lines. To make advances in the prices
increased cost of gray goods, they be-
lieve. would choke off what little bust
ness is being done at present.
reflection of the strengthened mar
ket for gray goods is seen in a quarter
Of a cent yard advance placed on
beachcd muslin this week by one con.
Germ.
New-York tribune., 1921-08-10
Miscellaneous Markets
Bonds

Federal and Joint Stock Land Bank
New-York tribune., 1921-08-10
Argentine Business Quiet

General business conditions in the
argentine were unchanged last week.
according to cable advices received here
by the Argentine Chamber Of
commerce. Merchants in the Argentine
are continuing to abstain from placing
orders, due to the oeneraI business de-.
presslon and the fluctuations in for
elgn exchange. Customs receipts show
continued decline. The grain market is
hrm, with some prospects of an ad-
vance and recent rains have improved
tne cattle pasturage, resulting in fewer
o1erings to packers and increases in
prices ~
New-York tribune., 1921-08-10

sales 500 bales. Mobile steady, % points
lowoT at lie; sales ls bales. Savannah
steady, 70 points lower a l2c; sales ia
bales. Norfolk quiet, unchanged at 12c;
sales 43 bales. Augusta steady, un-
changed at / 1885, sales 7s bales Memphis
steady. unchanged al 11.50c: sales LOO
bales 81. Louis quiet, unchanged at
SOC; sales 225 bales. Houston steady,
! 5 points higher at 12.5Oc sales 3,l57 bales
Little Rock steady, unchanged at 11.25c
sales $50 bales. Dallas steady. Is points
higher at 1l.Goc: sales l,1ol bales Mont
gomery firm, unchanged at 11.25c: sales
IL bales Fort Worth steady. Is point.
higher at Il.50c: sales 500 bales
New-York tribune., 1921-08-10
PROPOSALS
kIDvALE-GOSHEN coal CO.

Proposals Tor Bonds
me undersigned. trustee under the IT'S
mortgage OF the Midvaie- Goshen Coal Con'.
pany. dated September !. 1924. having ins
sum OF s2.04 6s available for the purchass
or bonds. will accept tenders % bonds -
sued under said mortgage to an smoups
suhiclent 10 exhaust said sum. az : pi'0ii
not 10 exceed los per centun and aceIOe'
interest.
Sealed proposals setting forth the seris
mum bers OF the bonds offered will be ~
IS cedar street ',ieySsug" New Yare civ Up TO !;
o'clock noon on August -. 1921 "a
The right is reserved TO reject any pa a
UNITED STATES MORTGAGE
TRUST COMPANY.
BY CALVERT BREWER.
New-York tribune., 1921-08-10
New York City Bonds
New York State Bonds

Issued in coupon and registered form
not interchangeabc. Coupon bonds regis.
tcrabc
Form Ente. MatH-s.. pid ALI
New-York tribune., 1921-08-10
Canadian Co. Passes Dividend

SpeclGI Utspdtch to The Tribune
MONTREAL, Aug. 9.-Directors Of
the British Columbia Fishing & Pack
ing Company have passed the quarterly
dividend Of ~ per cent on the capt.
tai stock. The 6 per cent rate was es-
tablished in 1920, 5A per cent having
been paid in 1919 and 5 per cent in
1918. The company was organized in
1914 as holding company for the Brit
ish Columbia Packers Association.
New-York tribune., 1921-08-10
Sugar and Coffee
Raw Sugar Futures
Coffee Futures

The range Of prices:
Open. High. Low.
New-York tribune., 1921-08-10
New York Metal Market

On the New York Metal Exchange
tin was quiet with Straits, Straits ship
ments and standard quoted at 27@2Sc,
and 90 per cent at 26M27c. Copper
dull; standard spot, August and Sep
tember, 1852 1zc asked, and electrolytic
Lead dull, New York spot, 4.40c, and
East ST. Louis spot, 4.20c asked. Zinc
dull, New York spot, 4.55c, and East
st. Louis spot, 4.25c asked.
New-York tribune., 1921-08-10
Comercial Credit

The commercial money market re-
mains unchanged. Demand is mod
crate and spotty. Some industrial
concerns are issuing new paper freely,
while others are showing a disposi-
tion to reduce their borrowings. ac-
cording to commercial bankers. Com
mercial paper rates remain on a basis
of per cent for gilt edged, prime
paper.
The American Acceptance Council
yesterday quoted the following dis
count rates on prime bankers ac-
ceptances eligible for purchase by
Federal Reserve banks.
New-York tribune., 1921-08-10

l2.Oo@12.lo 1o.oo@l9.1o
New-York tribune., 1921-08-10
Bank Resources Drop
AS Deposits Cain

The Superintendent of Banks yester-
day gave out the compilation of figures
submitted by banks and trust companies
pursuant to the quarterly call of June
so. The following affords comparison
of June 80 with February %:
June 80. February 2s
Resources s4,7o4,544.2o1 ;4s2l OPS. .z25
DEPOSITS 3,sos,614.ls3 3,7ss. 55s. .7s9
Rcdiscounts.. 140.636,o84 272.743,13S
Bills payable and redscounts show
decrease of more than s132 900 900
During the same period the deposits of
the institutions show an increase Of
$37000,000.
New-York tribune., 1921-08-10

justifes the acquisition by the com
pany in the open market, or other
wise, of a substantial block OF the
Glass A common stock of the company
up to 100000 shares. if such block
can be acquired for about IS a share.
for that purpose it is proposed to
call a special meeting of stockholders
TO authorize the reduction Of the Class
"A common stock and to authorize the
directors when and as they deem fit
to acquire from time to tine and to
reflre an amount of such stock up to
100000 shares"
New-York tribune., 1921-08-10
Ready 10 Buy Stock
United Retail Candy Stores
Bids for lOO. 600 Shares

The United Retail Candy Stores. Inc,
announced yesterday that it will pur-
chase up to 100000 shares of it's stock
at SO share. The official announce
ment snid:
THE board of directors of the United
Retail Candy Stores, Inc. has decided
that the cash position of tho company
New-York tribune., 1921-08-10
DIVIDEND NOTICES
CON.
CANADIAN PACIFIC RAILWAY 70"


DIVIDEND NO. loi
Az a meeting OF the Directors he'o sc w
day the usual quarterly dividend az ac
and one-half per cent. on the Con'mss+ '''e+
stock for the quarter ended sofa III .nf
last, being at the rate of seven per '.~ aer
per annum from revenue and three - r.
cent. per annum from special income A. -.
count. WAS declared payable LIST ocV"ssp p
next 10 the shareholders OF record al
M, on LIST September next.
Montreal. August Sth. 1921.
ERNEST ALEXANDER. Secretst's
New-York tribune., 1921-08-10
Livestock, Meats, Provisions

YcSlcrday. Year 20.
Live beef. fair to
prime. 100 lbs. S7.158 915 $13.25 q 6.23
D sc d beef,
sides. 10. ~ .l2Q.1sM ITO .25
Live veas, COM
TO prime.
100 lbs ...... s5o@125o 14oo@2o.oo
D r d veal,
city, lb...... .11D 30 .221 80
Live ewes 100
lbs. .......... 1000 500 5000 $50
Dressed mutton,
city. Id. ...... .07V .12 120 rs
Live lambs. far
to prime, 100
lbs .......... 900Q3l250 1l5QMlf. so
Dressed lambs,
city. lb..... 800 .o6 200 80
Hogs. 100 lbs. 11,00lg1225 1C.50lDl7 80
d S d hogs,
bacon. lb So. 17laGD Is .2S * a .24is
Pork. bbI.. ....... 2450lD25.00 33.0Op34.00
Mess beef. bbl.. l200yl400 1a.Q0Gl9.Q0
Lard. NJ d e
West, 100 lbs. l2.00M12.l0 ~ 90 0lo. O
New-York tribune., 1921-08-10
California Is Hop Center

California claims to be the greatest
hop producing state of the Union in
point of tonnage, and the greatest in
the world in average harvest per acre
and modern methods of culture.
New-York tribune., 1921-08-10
Butter, Cheese and Eggs

Butter-Receipts We're 14.7G2 packages.
Prices declined fully 1c on the choice and
fancy grades of fresh creamery, and other
qualities shared in the weakness. Trade
higher than extras, ib. 4313 q &c; extras,
~ score. 42la q 43c; tirsts 3S q 42c: seconds.
80 y @2!}2c; lower grades. 33@35c; un-
salted. higher than extras. 45@45lac: ex-
tras, s40t4ti.c; frsts. 500 43c; seconds
36 a csc; state, dairy tubs. finest. Al G042c;
good to prime. IS a Zoe; common 10 fair
$40 SIC. ladies. current make firsts $40
3"c; packing stock. current make. No. l.,
3oc; No. .. CSC; lower grades. 90 2Si.c c.
Chcese-Rcccipts were 4.224 boxes New
York state fats, specials. 81 n q &c aver
age run 0@20%c; state twins specials,
~ ey II II average run 2G620s c: NNiscon-
sin, double Daisies, fancy. 20Np2Oi%c: sin
gle Daisies. fancy, 2012 0O21c: Young Amer
icas 22@ 23c; state skins. SM15c.
Eggs Receipts were 29,7s7 cases. Fresh
gathered extras, dozen 42M45c: extra
hrsts IS 4lc; frsts. 34M37c; seconds 2S
~ m3Sc; trade eggs, 22M 30c; dirties regu-
lar packed No. J. 96@90c No
22M 24c; refrigerator eggs. special marks
fancy, 38c: frsts 50 sic: seconds 3l1
34c; state, Pennsylvania and nearby West
ern hennery whites, eXtrss, 81 q ooc; extra
nrsts, 5lM ste; frsts, 47@ SOC; gathered
whites, nrsts to extra firsts. 47lo54c;
under grades. SS S90i.1; Pacific Coasts
white extras. 55Go5sc; extra irsts, 51ap
Ole; hrsts. 40 soc; under grades 400
SC; other Western and Southern gath
erea whites, 34047c; state PENNSYLVANIA
and nearby Western, henncry browns ex-
ira 46@ +sc; gathered brown and mixed
colors graded extras, 42GDi5c: frsts to ex-
ira irsts, S6@41c.
New-York tribune., 1921-08-10

dividend OF one dollar md nfty es.N
t$l SOY per share has been declared on ~
stock of this company. payable Sep,e.'s1f "a
| l. 1894, 80 holders OF record 4 Us.
1921. LEWIS fSEIslN.
aecrstss1s