davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-03-31
CANADA'S TRADE WITH
u. S. INCREASES AGAIN
Adverse Balance of Trade
ShoUs Readjustn,snt.

csnada's total trade with tho world
fol the twelve months ended last
month, according to the summary issued
~ the Dominion Bureau of Statistics,
reached s2,o04.27i, ,67S. compared with
s2,24o,o0o,00o for the preceding twelve
months an increase of se61 900, 600.
Fifty-eight per cent. OF this trade was
NTH the United States.
Total imports were sl.2e0,067,546. al,
increase of s2Si00o,000. Purchases from
the United States we're sss7,3sO.ss3, an
increase of s124.oo0. 900, and from the
United Kingdom $223,0ol,254, an in
crease Of $4,000, ,o0o. Thus over two
thirds of Canada's total inpoPts came
from the United States.
n decrease of $4,000. 900. Exports to
Increase OF ssS,000,oo0: TO the United
Kingdom, s32;,o63,0s1, a decrease of
s1s4, 00o,o
For the tw~lve-month period Canada's
trade with the world showed an adverse
balance Of more than S7s,000.000. COM
pared with so53,o00,0o0 favorable ball
ance in the preceding twelve months.
While Canada's trade with the United
States increased $4,000, 900 the ad-
verse balance against Canada in this
trade was s3S6.000.0 600. an increase Of
only $40, 100000 compared with the pre-
vious adverse balance. This indicates a
7 end toward reimbursement
Imports from the United States into
Canada in February declined l9 per
cent. from February. 1920; those from
the United Kingdom by 21ia per cent.
The New York herald., 1921-03-31
ASSOCIATED DRY GOODS
PROFITS ARE REDUCED
Declines in Prices Seriously
Affects Corporation.

The Associated Dry Goods Corpora
tons net profit for 1890 was $i,si6,oSs. 4
according 10 rs annual report issued
yesterday. After deduction OF dividends,
paid or for which reserve was made,
the surplus on December 81 was 81, sI6
$3.50.
Total income for tho year was s., $50
lS0.T, which was in marked contrast 10
that OF 1874 co. s3I In 1918 il wa S
s.. isS, 7Ss. Expenses and interest are
shown in the account as s3f ,0a1 IS i'm 1920,
against As,o6s in the preceding year.
During 1920 the company reserved s2S3 $50
for Federal taxes. In 1919 that reserve
was Z! 900 100. The 1870 requirements of
it's first preferred stock were ss2s, To-;
Of lis second preferred. s70.7S5, and Of
its common, s4f9.5jo. Dividends on treas
ury stock owned were s2.s2i. Those re-
quirements in 1919 were respectively
&2s.l22, A'07S5. nothing and s2,3al. The
total OF such requirements were 81, ,746.-
s@ in 1870. and 81 ,2s7 .5sG in 1919.
In the report, Samuel ". Rcyburn,
president Of the company. said
Lord & Taylor during the year re-
dueed the outstanding debenture bond
issue, all OF which is owned BY this conf
pany by q payment Of $3.50 900 and have
made further reduction by the pay
n1ent Of 100000 in February, 1921
This Indebtedness. originally $4,000. 900.
is thus reduced TO $4,000
Net earnings of the seven stores
wholly owned, before making provision
for Federal taxes for 1920. amounted to
sl.s3i.92S.41, against s4,276,587.95 for
the previous year. Tho decline in COM
modify prices during the last half Of
the year has affected the results ad-
versely.
inventories at the end OF 1920 were
at replacement costs as nearly as the
values could be Ascertained. For the
seven wholly owned stores they
amounted to sS.74o.a245a. against ss,-
l55.4ls.l5 on December 81, 1919 Re-
serves for possible future decline in
prices against such Inventories are $685.
S6f.46, compared with sas4,f0s.0S on
December 81, 1919"
The New York herald., 1921-03-31
ECONOMIC SURVEY PLANNED.
Bankers Associstion Question
naireS to Cover United states.

A comprehensive survey of economic
conditions throughout the United States
is being conducted by the American
Bankers Association. according TO an
nouncement made yesterday BY John 5.
Drum, president of the association. who
is sending out questionnaires in CO.
operation with members OF the execu-
tive council, members Of the various
committees Of the association. secre-
taries OF state bankers associations and
others. The plan is to embody the com
bned Judgment of members OF the coun-
ell and others In a report that will be
submitted to the council in It's spring
meeting, and il approved by the coun-
ell to issue the report as an expression
of opinion by thNAmerican Bankers As
sociation.
Instead OF calling for statistical data
the questionnaires call for an expression
or opinion regarding the nations economic
trend. The announcement said: 1T is
felt that the American Bankers Asso-
citation can perform a public service Of
great value by giving the people gen.
orally the benefit of its judgment az
translated through the medium of the
survey"
The New York herald., 1921-03-31
VACUUM EARNS $55 A SHARE.
Figures for 1920 Arc slightly Less
Than Those OF 1919.

The Vacuum oil Company. one OF
the Standard Oil group. reports net
earnings Of sS.250,000 in 1920. COM
pared with ss.si2.T77 the year before
The statement. which appeared yester-
day in competition with It's offering ot
s20,000.0o0 fifteen year : per cent
bonds. was partly estimated, the re-
ceipts OF one foreign branch not being
included. The incone was over and
above interest charges and depreciation.
but exclusive OF Federal taxes. Tho
net profits were equal 10 $50 share.
Tie balance sheet showed $4,000. &c +
cash and securities In hand. a decline
OF approximately si.5ss.ooo in a yea
Inventories aggregated sS2.Iss.s74.
against s24.54s.t5s. The net current
assets December 81, 1920, amounted to
more than ssG.000,O0 and the surplus
was s5T5l1.s07. an increase Of approxi-
mately s7,o0e.000. during the year
The capital stock outstanding is s15,-
100000 par value.
The New York herald., 1921-03-31
STEEL MILL WAGE
CUTS PREDICTED
Experts Say Market Continues
Slow. With Uncertainties
Acting as Brake.

An intimation that further reductions
steel manufacturers next month was
contained in the weekly reviews Of tho
iron and steel industry issued yesterday.
In an effort TO bring costs more In
line with present selling prices" the Iron
Trade ReUieac asserts. further wage re-
auctions by independent steelmakers In
April are probable. More independent
operators ir the Cennellsvile coke re-
sion this week have cut their labor
Sheet and tin makers subscribing to
agreements with the Amalgamated AS
ISOLATION probably at the coming an
Eual conference will request tho elim-
ination OF some extra help charges
which they declare add materially to
production costa
The Iron Age says:
Increased operation OF automobile
plants is the main cause of betterment
in the steel situation this week. Apart
from the Ford company the motor car
industry Is running about 20 per cent.
OF capacity and releases Of suspended
steel orders have helped some mills.
However. the effect ON the steel industry
as a whole Is being overrated in current
news, seeing that all motor vehicles
built in 1920 consumed only per cent.
OF the years steel output
'"rhc expectation OF lower prices for
all forms OF steel and the belief that
the requisite freight rate reductions may
take weeks are holding the market
within narrow limits ms 10 volume OF
rev business, shipments from mills and
range OF prices.
AS whole the steel industry is
somewhat Under n one-third operation
Scmc OF the Steel Corporations plants
in the North, particularly in the Chicago
district. are rolling less product, while
its Alabama mills are doing better,
Some independent comparies are work
ing more men, notably sheet mills at
Youngstown others. after fortnight OF
fair operation, are casing off.
"Consumers all along the line are
working for a constant reduction in in
yentory and thus free buying Of steel
is matter Of the future"
The New York herald., 1921-03-31
pennsy,ysris's petrenchm~nt.

10 thc middle ce March. 'he Penn
sylyauia Railroad y, 4 roGuccd IT. orl-
ing force To les. 900 employees " con-
trsst 10 $4,000 II September. de-
crease Of $4,000. OF sol per cent. Th.
retronchment programme Mas put into
effect In three serarat" steys, each one
calling for 10 per cent curtis ilrient W
expenses and. OF the basis oe figures
compiled as Of March Is. the same per-
centage vss applied TO the number Of
workers employed a. 10 reductlon w
dellars. The reduction In the working
force has been especially rsnid IN the
lest few veeks. ~ the end Of Fec
ruarv forces had been reduced $1,000
10 $4,000; by March 10 about 10000
workers hrs hstn lyid or reducing ,h'
fprcs 10 afa. 400 and NJ Msrc' iA So
200 new .td teen lei4 on. hrlurteF ;ar
'o-cc drNu 10 taj 900. Thls s tNe
1rs, ti,ne in man earA til 'fe opcr.
a;lng force hfs been below 100000.
The New York herald., 1921-03-31
COPPER MINES CLOSE DOWN.
Three Companies In Superior Ms.
trict to suspend work April 4.

Boston. March o.-Anno3nceuen.
that the copper mines OF the Calumet
and Hecla, Ahmeck and Isle goyale
Companies in the Lake superior dis
triet would suspend operations on April
| was the subject of n statement made
By their directors here to-day. They.
are the only mines Of the Calumet and
Hecla group which have been opera ting
recently -Four thousand men are in
voived
The announcement OF the closing said /:
"On sccount Of the large supply Of cop
pcr on hand the directors have voted
TO close these mines April /. While the
directors regret exceedingly having 10
take such action. they believe II IL pref
erabie 20 take II now rather than later
in tho year, when IL would mean greater
hardships 70 the employees
The Copper Range. another of the
Lake group. win not close ot present.
Ii Is producing slightly less than 70
per ccn.. of its capacity.
The New York herald., 1921-03-31
TO CHANGE STEEL BONUS PLAN
stocLh elders Will Vote ss Aetisa
to Conforns TO y. j. Law.

Slight changes in the methods en-
ployed by the United States steel Cor
porati IN distributing bonuses to eni-
ployees are 10 be made III orde" 70 ~or-
form to certain phases OF the Nav iel-
sey statutes, under which he corpora
ton Is chartered. stockholders VIII be
asked 10 vote on the changes at their
annual meeting next month, but officials
asserted that tho changes yarc not Of
Importance with respect 10 the general
operation Of the bonus plan,
a committee OF three stockiolGcys wil,
be elected at the annual meeting 10
administer the bonus fund. which viii
be distributed either wholly n cash or
partly in cash and partly IN United
states steel stock. The amount 10 be
distributed win be determined BY the
profits or the preceding year Wnca
such profits run Ia excess OF slJ0,000poo.
but not more than $3.50 .00o.00D. per
cent. bonus viii be paid si5c,O00.u0o 70
5000. 000.o 900 2i4 per cent: over 5000
900. 600 ~, per cent.
The New York herald., 1921-03-31
MAY CO. EARNINGS DROP.
sIo.II share Reported for 1890
Compared with s-s.O2.

The May Department stores and
subsidiary companies report FOR 1920
net profits after charges and Federal
taxes Of s4.a7a.s'5. or sia.7i share
earned on the common stock after de-
ductions Of preferred dividends These
figures compare with i+,faSl0t and
y24a2 in 1919. Sales tota'led sSs.25f.-
Ti5. compared with s5Tss9,ii4 ir 1919.
an increase OF 1916 per cent
Nc. proHtF were ss,as:,4s2 and other
income sS59,6S7. Federal taxes were
estimated at 1900, 900 and sSt2,35l wal
written off for depreciation. \ special
reserve OF sa50.000 was set UP and pre-
fsrred dividends OF $4,000 were paid.
Dividends oa tho common stoch ogre
gates si.ss2.ise leaving = surplus -
s2.5s0.009.
The New York herald., 1921-03-31
M'HUeH TELLS OF PROGRESS.
Says CoreiRW Trade Finrnrtns
Corporation Is Beins Supported.

John McFiueh, on behalf Of the COM
nittce on orga..ization Of the Foreien
Trade Finaxcins Corpora ton. sc Broad
way, said yesterday thai work i being
carried on without Interruption and
with support from nauy parts OF the
country. In view Of present business
and agricultural conditions there Is oc-
casioa for redoub.ing effort. he added.
TIE corporations committee on policy
will determine when payment on the
500. 100000 capital stoel, shall be called
and when the corporation shall beein
operations. Meanwhile the taking "
subscriptions 10 the cap!tsl s,ocl; ia pro-
cecdine according 10 plaa.
The New York herald., 1921-03-31
sH,r LINES Cur corroN RATES

iousToN. Tex, March 30.--The Mall
lory and Morgan Lines announce re-
ductior OF y cents ID the rate Of cot
ton ~ wster from Galveston 10 New
York or from 50 cents 70 20 cents a
hundred effective Msy TO- The Morgan
Lime ~ addition. viii equal,ze It's rate
ont ~ New Orlesns with the new CAL
weston rate The rate recently was re-
Gueed 10 ~ cents at New Orleans and
II viii Nc advanced TO 80 cents.
The New York herald., 1921-03-31
SECURITIES AT AUCTION.

-u ri .it.t rstv+tsNvse W.. ~ Ast.
~ igc.eg fut -isr' s-airtt gsro-i Setnliet.
Nsnkrt-'. surrtrs Court Ne~ Yarh CeOn-
fFf ttTaa.is s-iv 4gNNen' awainEt NaHe
Tsrp n. suprenis Court. Nev NNrN County /;
riO.ai5.sf 'rdRUou' again Naf!uc Etrer
res'tt. Supreme co,ir;. SUtfo,h COUNTY
9i5 lot
Nsssskssr Land: $40.
n Carn E.9.snea rank. $500
70 ,;hsrisaf NF'ioral rs7k Sos.
s.t 600 Lehen PcTer Securities PEI cent.
secured cold notes. duo Aug. ]. 1877. cou-
pons Feb. and. Aua. aeN.
iso Iehlsh Power Securities 4, r. q. 81.
10 paef!c Offlcs Building, Washington, ss
lot
sa, 600 ia, ison Chemical per cert. :, T. deb.
bonds. du. i9Js. coupons Feb. and aus,
esiS
The New York herald., 1921-03-31
PETROLEUM STOCKS INCREASE
Amount In United states Gained
100000 Barrels In February.

WASHINGTON. March 30.--Petroleum
stocks in the United States increased
7.500,0 900 barrels during February,
according 10 Geological Survey reports
given out to-day. Domestic production
averaged 10000 barrels a day more
than X ran year ago, although inn
ports dropped to 100000 barrels less
than the December total Consumption
was practically stationary and total
stocks on hand on February IS were
estimated at approximately $4,000, 900
barrels.
During the month 35.tl2.00o barrels
were produced in the United states and
il,3Ss.eoo barrels imported. chiefly from,
Mexico. making an available total of
4C.4s6. 900, against s. February, 1890
total of 3S.6S9.00o barrels.
The New York herald., 1921-03-31
li>n sroch n,rEs ruorrsrEp.

NAluNGToN. March 30 Tine Nation
~ livestock Exchange flled brief lp-
dn uith the Interstate rruliNcrce
Commission Suppiementtrs its woss :.
riHtnt agtinst present railroad rules
whicn base carload charges ON i've
stock shipments upon the highest rate
on any species IN The cav The rule
discourares farm divcrsification.
The New York herald., 1921-03-31
Bclutsp Hord Draw, inas.

THE resplt o. az inss D, lot for the
initial annus redemption Of the King
dom Of Belgium 1'i per cent went :
live year external gold loan dated Juno
l. 1870. will b, announced shortly, Un-
der the provisions Of the loan s2.o,O, ,o0a
OF the bonds will be redeemed BY draw.
ings at tis on June I. iaz1. and every
June thereafter until ta6.
The New York herald., 1921-03-31
METALS.

on the New York Metal Exchange
scsterGay tn was firm. ana straits were
Quoted ~ 2s.I5 d 80. straits shipments
as 2afbG0; standard tin as as.5r u 90.
and 81 per cent. tin as 2S.75 asked Cop-
per was Arm SPOT and March, l2.50G
was quiet New York spot, $40 asked,
and East ST Louis, 4f2t,. Zine was
dull New York spot. $50 and East 81.
Louis. 40 asked
The New York herald., 1921-03-31
N. Scrthwea Revi,e..

brokerage house that makes an
sttcmp. io ksep in close touch with
business conditions In All parts Of the
country hsd 4 long resume Of condi-
'icns IN tho Northwest before the open-
ng of yesterdays msrSo'. THE section
dealing with ths railroads was 10 tho
effect th, he roads evld.rU. haa
TUNED the crner and although iharc
had heen no sn rp urtIrn the slide
dovNNard l0 earning sDr -anilN hes
=, eg stnrpsd tn resae in Ttcs. earn.
nFa fcr ~ Northern T. ciN 7d u
Grea; Nogt 'e-i. in the CTS; three weeks
In March are rAro~ted ~ hgNe been sp-
proxin,gtelt 100000 sarh compare |
wlth their gross earnings for the lsst
tN.ee eaks Ia FEBRUARY, and hat the
st. paul md th" 500 lines would show
comparatively similar results for March,
The New York herald., 1921-03-31
pINIIC UTILITIES.
SUBSIDIARY UTAH SECURITIES COR
F4f1ts AvIN.s TnNp MES
PARIS Bo,nsE TRADING.

PAaIs. March a0.--Priccs wero to-daI
inactive on tac Bou.se. Three per cent.
:cntas IS flames ~ centimes. ENchans'
un London 30 francs 20 ccntlmes. Five
per cont .uaa 80 francs g5 ctntmes. The
5ol,sr was quoted ~ IA francs 70 cen
times.
The New York herald., 1921-03-31
rGNIIf.I,N ~TArIeTIC~.
sroM HOUSE RECEIPTS.

Receipts for duties Ed The Custom
House yesterday were SSI5.0S5.05, of
which s216ost.i6 was for merchandise
withdrawn from bonded warehouses and
S55a.ostaS for recent importations
The New York herald., 1921-03-31
AnIE..

E.o futures. SS14a for Aprll ana psoaU fof
5uh. to'lsr yatc 100 higher. pt $3.50 EN
cfgpep ad. lower. al 0ad Receipts ia.o 600
haas. and stock. rs oo0 bags Santos fu.
inreg - h ia0 res higher. Receipts ~ U0u
htrs. ara HtocA . SO 00O bags Receipts ST
porte $4,000 bags asainrt n 200 last seas
ann .o,Oto tNo Nesrs ago. $40 rauin URG
2i.nCH. against Z 600 snd iT tNn ann Jue.
dlshy 5000. against 5000 a3d ) .nOD hava
rtspsctiNcl. tinc weather ln Sau raula
The New York herald., 1921-03-31
SINCLAIR OIL JUMPS
ITS EARNINGS "a P. G.
Also Purchases Large Interests
in French and Belgian
Concerns.

/ Net earnings Of the Sinclair CONSOLE
/ proximately "a per cent. higher than IN
the preceding year. says the annual in
come account, made public yesterday
The net surplus available for distribu-
ton on capital stock after all charges.
| including Federal taxes, was sls.55s,-
$50. equivalent to s4.74 a share earned
on the common stock after deduction Of
preferred dividends. In the preceding
| year the available surplus was only
S9.59O,464, or s2.55 a share, The fol-
lowing table gives comparisons
1920. 1919.
Gross earnings. .si66,64s,95f $i6,e10,soS
/ Expenses, taxes, . -.
4 maintenance, &C.,. 1S1 S1,o6S,olb oi,5oo,Voo
1 Interest, Fe d dora ! -
1 taxes, &C.,. b,lsz,i5o o,Vo''oo-
Depreciation and de-
pistion reserves. ,!'ssssso s.5S Ia Ia
Preferred dividend 4,sl3 ....
Common dividend. 1oS,O6l ....
surplus - l7,Ts5,io6 $3.50, ,f6s
| The balance sheet shows:
! ASSETS.
| 1920. 1919
I
! Investment Mex. Sea-
/ board Company 6,l6. 600 s.poo
| cash - ias23 $50 1865, ,tl9
| Accts & notes rec 1850, ,53S t0.436 ,eSl
Inventories ......... 47.oes,157 81 .sss 500
LIABILITIES.
I Com. stock q sur. $2a6 S34 A2oe 90, ~
! reserves L.. 4414S,t5o So, iSf ,593
! Convertible notes !. s7,p0s.ooo ...:::;
/ Notes payable ,... la,3ss,3IO 3'svo'oev
! Accounts payable i.oi3,Ss3 1O,2i3'.io
7 Taxes. accruals, &C. 4.623.eS3 .,.lS,IlS
! Crude oil produced from oil proper
ties in the United States, said Harry F.
Sinclair. president. in his report. amount-
I ed TO approximately S,fSS,000 barrels.
/ an increase of about 100000 barrels
over 1919. Production in Mexico to-
tailed about fl.250,000 barrels, or more
than double that OF 1919. The Mexican
Seaboard OIL Company in 1920 produced
! IL 900. 900 barrels of crude oil in Mexico.
/ During the year large interest in the
! Compagnic Industrielle des Petroles OF
! France was purchased. This company
maintains = large organization, with
warehouses and distributing facilities.
The old established refined petroleum
I business and plant of Sudan Freres OF
Il Ghent Belgium. was bought also.
The New York herald., 1921-03-31
TEXAS AND PACIFIC.
sp0It TO Interstate Commerce q,
BID AND ASKED QUOTATIONS
!. y. ,Tock rxCnANGE nrorAIioN.

10 the following PRICES accrued interest Y
to be added il clery case
E-f1ft.-IcN pgNES
The New York herald., 1921-03-31
Ninety Years AS Trustee

1~HE fundamental idea of Personal Trust is
extend the individuals purpose and influence
= beyond the day Of his death. Hence the first
requisite of any agency commissioned such
trust is that the agency itself shall be permanent
Fer nearly century tha New York Life Insurance and
Trust Company has been carrying out. under proper
supervision. the wishes of and of
o.r days the. disposal Of their The fact
that this company has adapted it's service the
changes which have taken place since its founding in
1880 without altering its fundamental character. gives
Of its future successful administration os
Personal Trusts.
Ohccrs OF the Company always glad to discuss the
formation OF trusts ard the management and sae-keep
ing OF property II il is convenient for those who
are considering such matters call at the oce the
ofhccrs win be glad either call upon them and take
up their individual problems to furnish information
by correspondence.
The New York herald., 1921-03-31
COFFEE.

Jbc range of pric,s ID yesterdays
coffee u,ues masrEet follows
The New York herald., 1921-03-31

"fN answer 10 a small Help Wanted Ad, 10
The Herald secured the service. Of sev-
srsl very ahl. salesmen," says Herald Want
adNertlser. r.--Adr.
The New York herald., 1921-03-31
A Leading National
Bank Of Detroit says:

"On the part Of this banks customers
there has been an increasing interest
in Credit Insurance. Bankers cannot
help bu, look with favor upon this
protection of which their borrowers
arc svailing themselves. juf no1c,
1qtb shrinking 1ala<s, Crsaif Insurance
seem5 moye desirable than evey.
The New York herald., 1921-03-31
A Commercial Bank
Of Cincinnati writes:

Under the present business cond
ions, | would consider this insurance
more advantageous thar any other
time 10 the history Of the country !
candidly think tina, everyone engaged
in extending credits should protect
themselves with policy in your
company.
The New York herald., 1921-03-31
EARNINGS STATEMENTS.
RAILROADS.

CHICAGO. GREAT WESTERN
The New York herald., 1921-03-31

In these readustment days, sound business counsel be
helpful as financial assistance Read what these Representative
banks say about that great protective service for aguadn
your finances Credit Insurance
The Bridgeport times and evening farmer., 1921-07-20
PHOT0PLAYS TOO ARTIFICIAL, SAYS
 NOTED SCENARIST AND PRODUCER
By MARION FAIRFAX.

that the reason for placing situa- ton in picture is more important than the, contents of that situation. For instance a director was recently heard to remark: ''The picture lacks punch. Let's put in a fire scene and stage a fight" For no reason. at all-as far the story was concern ed-a fire and fight were added to the film The continuity of the story make room for some thrills" that had no bearing on the story. The re- suit showed an unnatural plot with artificial thrills that in themselves do not get over with the public be- cause no one knew what they are all about.
 As another example = in ''The Lying Truth I am trying to tell my story as it would be told on the stage with the aid, of course, of screen technique, but in a natural human manner without impossible situations. There is big fight scene in this pie ture In the fight itself I do not at tempt to have one man overcome five
 or six. Rather, I create a situation that makes it possible and within reason for the hero to get out of the miXup without being killed. It is unnatural for one man to beat five. It is natural for one man to escape a severe beating from five through a little exercise of the brain and taking advantage of a situation that arises. This is what I mean by Movie stuff,' which I have found notably Eliminate it and we will be in bet
 ter position to match our own talents 1 against those of the persons across the ocean.