davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-03-12
CATTLE men FIGHT
RAILROAD RATES
Livestock Exchange Files
Complaint Against All
: Class l Roads.

The cost of meat to more than
leo. 100000 consumers. farm profits
in every section of the United States,
and American livestock production.
are all involved in a complaint filed
yesterday with the Interstate Com
merce Commission by the National
Live Stock Exchange. This COM
plant. directed against all Class
railroads, attacks the present rates
on ordinary livestock throughout
the country.
From all sections of the country
said Everett C. Brown, of Chicago,
president of the exchange, I'VE have
reports Indicating the discourag-
ing and disheartening effects of the
present rate adjustment, which
coupled with the recent decline in
livestock values, gives to the pro-
Queer more than his proportionate
share of the postwar readjustment
burden. :
The National Live Stock Ex-
buyers and sellers of livestock at
the twenty-seven important primary
livestock markets of the United
States. Our members actually re-
ceive and ship more than 1000, 900
carloads of livestock. <and in one
year the proceeds from the sale
of this stock was in, excess of SI,-
900, 100000. We hope to have this
complaint consolidated with others
of similar nature. Many Of these
are now in course of preparation
and our organization is glad to lead
the van in a fitht to restore our
transportation rates and charges to
normalcy."
The Washington herald., 1921-03-12
u. S. Postal Sqpings
Banks Deposits Gain

Deposits IN United states pe~t.i
savings banks during February
tetaled more than e1oy000 O0o.
brfnging the grand total ON
March ~ Ia. slss, ,sso, go. II was
announced at the PesteHiee De-
partment yesterday.
"Despite dtsturbed conditions In
certain localities. which deposits
Indicate are, rapidly beesniSE ad-
justed. deposits have increases By
leaps and bounds,1 Il wss stated.
At New York there was . gsin
Of SS34, ,37s during Februaryy Bes-
tos, $50, ,sS3, Seattle, e1Sf,4s7y
Brooklyn. s71.s3s, and Taeens,
s5s,3e6.
New York heads the Hist Of total
deposits vita s4s,443.3SsS Brook
iyn, e15,504, ,3sss Chicsge. s7.s72.-
SIS, Boston. 94Ae0,574B Pitts
bsrGh, ss.s7s.o .o1oI Detroit, ss.s71,-
s34s Philadelphia. esy0le.o21, and
Newark. N. j, s1,ee6,1eo. PERT
land, Greg, Seattleb Kansas City.
Mo-, Milwaukee,, Taeemag C1eve-
Iands st. Louis, and San Francisco
have all passed the $1.0oo,00o
mark.
The Washington herald., 1921-03-12
BALTIMORE GRAIN.

BALTIMORE. March IL Wheat
Receipts. 1896 bus. viz: 134 bus
afioat and 1892 bus by car. Ship
ments from elevators. so bus. stock
In elevators. 1.42s,So7 bus.
Corn-Receipts. 16s,242 bus. viz:
z.3s0 bus afioat and 1s6,ss2 bus by
lear. Shipments from elevators, 49,
|s3s bus. stock in elevators. 1,s43,-
|zS2 bus.
Cob corn Is quotable at s4.50a4.3s
|per bbl. for carloads prime nearby
yellow, on spot.
Oats-Receipts. bus. Shipments
krom elevators. 5.42s bus. Stock in
~ evators. 4s5.2s2 bus.
Domestic Basis-No. white. 55c;
No. white. sac.
Rye-Receipts. so.sss bus. Ship
nents from elevators. 72.2S5 bus.
Stock in elevators. 776,s2s bus.
Hay-Receipts, 5s tons. Standard
kimothy. $25a25.5o; No. timothy.
kz4az4. 50; No. timothy, s1s.50a21;
no. 1 light clover mixed. s22a22.5e;
)No. 2 light clover mixed. s1Sa21;,
no. I clover mixed. s2ea21: No. .
|clover mixed. s1sa1s; No. . clover
mixed, s13a15. No. clover. s23.50a
base: No. . clover. s1s.5oa2o: No. .
blower. s13a1s; sample hay. s1oa1s.
The Washington herald., 1921-03-12

Although nearly all grades Of pa
per showed a shortage in the supply
compared with the demand during
the past year, the most serious sit
uation was that connected with
newsprint. The total production OF
newsprint paper last year was 1,5oo.-
900 tons, or roughly 20 per cent of
the total production of all kinds of
paper. The demand for this grade
II paper was particularly heavy
during the early months of the year
and the resulting high prices were
reflected in much larger monthly
production. In June, 1920, the to-
tai output reached its maxi
mum of 13o,3So tons compared with
an average monthly production dur
SUPPLY AND CONSUMPTION OF !
The Washington herald., 1921-03-12
COTTON MARKET
GROWS WEAKER
Hopes for an. Improvement in
Demand Fade-Business
In Pit Small.

NEW YORK, March 11.-Hkpes
for an Improvement in the demand
for cotton faded today and the
market was weaker. Business in
the pit remained small.
A little Improvement was noted
in the market at the opening. due
to firmer cables. buying by Wall
Street and covering by the room.
First prices were . to points
higher. Liverpool and the South
sold.
After the opening gains here the
local market soon turned easier.
There was some scattered Wall
Street and local selling presumably
in liquidation of contracts bought
earlier in the week; also scattered
hedge selling. In the absence Of
prompt buyers, however. the offer
ings were heavy enough to send
prices about 20 to 20 points below
last nights closing figures with
July selling of from 1885 to 1901
although there was some Liverpool
buying of that delivery.
Rallies on covering for over the
weekend and on some demand
from the trade were not fully
maintained and toward midafter-
noon offerings became heavier.
Last quotations werS steady at a
net decline of 1s to rs points.
Spot here was quiet with mid
ding 20 points lower at l1.4o;
there were no sales. Spot at New
Orleans was steady with the re-
vised quotation of middling fixed at
1915: the sales were s21 bales.
Receipts of cotton in bales at
some Of the leading points today
were: Galveston. 6,10s; Savannah,
aS1; Savannah, 53s: Houston, 3,oso.
The Washington herald., 1921-03-12
w. Y. Money Market
Remains Unclaimed

Z NEW YORK. March 1.-THE
money market was unchanged today
as TO rates or conditions, and the
tone was firm. A moderate amount
CT money was available on call at q
per cent in the time funds. the only
business consisting of a few renew
ais at TX per cent. Prime bank ac-
ceptances were In good supply and
fair demand. Some buying from the
savings banks was noted. Prime
mercantile paper still stands at 7x
rer cent minimum in New York, and
there Is but very little business un-
der per cent. In the country some
transactions are reported at IN per
cent
The Washington herald., 1921-03-12
AIR OF PESSIllSM
SLOWS DOWN MART
Bullish News and Conditions
Fail to Boost Wheat
Trade.

CHICAGO. March 11.-Pessimism
dominated the grain. security and
cotton markets today. There was
liquidation and increased bear
pressure in all markets with dis
couraged buyers all around. Bear
traders took advantage Of the
weak buying power to sell freely
and they closed at the inside with
wheat off to 4Ac: corn, l1hc;
oats, kaAc: rye, 1Aa2kc. and
barley, Ike.
BuIlish news and conditions
failed to have effect on the wheat
trade as sentiment was strongly
bearish and few appeared disposed
to buy except to secure profits on
previous sales and on holdings of
bids. The latter was factor in
sustaining values in the last hour
after a decline OF 4hc on March
and May, the close being Y to izc
over the inside with March at
$1.62k to SL62h and May $1.53 Y
to s1.53A.
While a great deal Of the selling
of wheat was local heavy sales
were also credited to the same op-
orators who were credited with
selling stocks in Wall Street.
Northwestern operators were SELL
ing futures here as continued i'm
ports of Canadian wheat and the
slow -four demand with prices
lower destroyed the confidence of
buyers. Even the reports of 1000
100000 bushels, Golf, Manitoba and
Durum wheats sold for export
failed to stimulate any buying. as
traders assumed that export buying
as a strengthening factor had lost
its influence.
A great deal Of stress was laid
on the favorable crop report of the
Modern Miller and less to the green
bug damage. The showing of 320,-
000, 900 bushels wheat. in all posi-
tions, by the government report
and of 100000 bushels less than
last year. was variously construed
by the trade, although in reality 1t
shows a small surplus.
May corn dropped to esssc at the
low point and finished at 69k to
69hc. The main support was COW
ering and buying against bids.
Exporters took 100000 bushels here
at Ike over Chicago May, track
Baltimore. Cash discounts were
relatively better with elevator in
terests the best buyers.
Oats seeding operations are pro-
crossing in the Southwest and West
and the Central West. The trade
sees no good in this grain on large
interior and terminal stocks and a
light demand. although more busi-
ness has been done of late and
100000 bushels sold today. Cash
prices dropped 1 to &c with 93
cars in.
Rye was bought by houses with
seaboard connections and sold
mainly because of the weakness in
other grains
The Washington herald., 1921-03-12
Cash Grain Market.

CHICAGO. March Ii. - Wheat
relatively steady. Shipping sales.
5000 bushels. Track Chicago, No. 3
hard. H.s2lk: No. 2 hard, sl.s5; No.
I hard s1.s7A; No dark Northern,
s1-53h: No. . dark Northern. SISSY
af.5s; No. dark Northern, S1.s5z
Corn ruled ha2c lever. Shipping
sales. 23S,00o bushels. Track lChi-
cago: Sample grade. s7c; Nos mixed.
5sSca60hc; Noa.4 mixed. 6oh a
sftkc: No. . mixed. s2iza62f No.
5 yellow. 5sz asokc; No. EeIIow.
The Washington herald., 1921-03-12
Provide Meal for Children.

The Methodist Episcopal Commis-
sion, now. touring Europe promot-
ing welfare work among the needy
children OF poverty stricken areas,
has allotted 100000 lire to be ex-
pended for the care Of Huthenian
children in an orphanage under the
supervision OF the Junior Red Cross
of America. The money will be ex-
pended in providing a meal a day
for 1000, children for a period Of
ave months.
The Washington herald., 1921-03-12
NEW YORK PRODUCE.

NEW YORK. March 11.-Butter-
Market weak; creamery extras. 47A
k51c; creamery, firsts. 43a5oc:
kreamery. higher scoring. ASK a52c;
ftste dairy tubs 2sa47ke: imita-
Hon creamery. irsts. 2sa2sc.
cheese-Market firm: State, whole
|nilk specials. 2sa2sc: whole milk
lancy. 25a27c; whole milk lower
krades, 1sa24hc; wisconsin, whole
piik. fancy Young Americas. 27a
Sc; State. skins specials, 17ha
Ishc: skins. choice. 13a1sc: skins.
Rir 20 good. ioa12c; skins. lower
rades. 1oa12c-
Eggs-Msrket unsettled. nearby
Fhite. fancy. sc: nearby brown.
Fney. 5safec; extras. ssKassc;
rsts. 32a34c-
The Washington herald., 1921-03-12
METAL MARKET.

NEW YORK. March 11.-Copper-
spot. March offered 12c; April-Nsy
offered l2kc; market weak. Tin
(Straits shipmentsD. February
March. 2si. a2sc; Msrch-April. ssiss
2skc; April-May, 2sizs2siEc; mar
ket quiet. Lead, spot, March-April
offered 4.3oc: market quiet. Spefter
EAST st. Louis), spot. March offered
$3.50: April offered sf.75; market
quiet. Handy and Harman quote
bar silver. domestic. 9sizc. un-
changed; foreign. 54Sc. OF Nc.
The Washington herald., 1921-03-12
PRODUCTION Of PAPER ~
INCREASES 20 PER CENT
Smaller Demand Has Resulted in Big Improve.
ment in Spot Newsprint Market.
tThe w..AlnEten ,Her.Ia,. Eeenemi.t.l

The big development in the paper
industry in the United States during
1890 is clearly indicated by the re-
port Of the Federal Trade Commits
sion which shows that the total pro-
duetion OF the principal grades of
paper last year amounted to 1884,
e14 tons. This is an increase Of
bi45.ooo tons over the preceding
year and 1.415.ooo tons more than
the production In 1917. The total
production of all kinds Of paper
in 1890 showed an increase Of ap-
PAPER PRODUCTION
Net
The Washington herald., 1921-03-12
us. TO REFUND
TO 3 HUNDRED
I MILLIONS TAXES
Government Makes Con-
SESSIONS in Supreme Court
Income Litigation.
LEVIED ON ASSETS
Profit on Sales of Capital
Issues Involved
In Case.
LEVIED ON ASSETS

Two or three hundred million dol
lars win be returned to taxpayers
as the result Of concessions made
by the Federal government in inn
portant tax suits argued before the
Supreme Court yesterday.
The taxes In dispute arose under
the section Of the 1916 income tax
law, which placed q, levy on the
profit derived from the sale Of cap
itaI assets stocks. bonds and other
securities-and provided that this
tax should be placed on the gain in
value between March 1. 1913. and
the date of sale.
Many Taxed on Leases.
The result Of the application of
the provision was that many peo-
pie were taxed ON losses instead of
gains Securities purchased before
March 1. 1913. were sold at a loss
after the income tax became effec-
tive. but the selling price happened
to be higher than the market value
on March 1. 1913. and the govern
ment in lower courts contended this
able as income.
Solicitor General Frierson In
court yesterday conceded in behalf
Of the government that where II Is
apparent there is no gain to the
taxpayer. the government can not
place a tax on him. even though the
selling price was higher than the
market value on March 1. 1918.
The action virtually annuls this
section of the law. as the Supreme
Court is now thought certain to
hold Ii unconstitutional.
second Important Concession.
The solicitor general also admit
purchased before March 1, 1913. and
tax law became effective. the gov.
ernment can tax only the actual
gain and not the increase in value
at the time of sale as compared
with the market value on March /,
1913. The suits arose because the
market value Of many securities
were extremely low on March 1.
1913. and under the previous. con-
struction Of the law big taxes were
imposed
The present. position of the gov
ernment is being opposed by var
ious taxpayers. who claim that gain
derived from the sale of capital as
sets Is capital, not income. and
therefore not taxable under the in
come laws. The governments
concessions were made in the case
of Frederick F. Bewster. Of Connec-
tieut. who won his suit to recover
taxes in lower courts. and David
Goodrich, of New York, who lost
The Washington herald., 1921-03-12
Total

Wood pulp. which forms. the basis
for the greater portion of our paper
output, showed q total domestic pro-
duction last year Of $685. 900 tons
compared with 3,sS5,oo0 tons in the
year. Compared with 1915
our production of all grades of wood
pulp last year increased 1876 per
cent. Imports Of wood pulp showed
a very marked increase last year,
going from 74s.o0o tons in 1918 to
l,161,ooo tons in 1920. Exports of
SUPPLY AND CONSUMPTION OF wo,
The Washington herald., 1921-03-12

ing the last three years OF less than
100000 tons. In recent months the
newsprint situation. has been much
carrier with the result that produc-
tion has been decreasing to some
extent. The output for January
1891, amounted to 123,S30 tons COM
pared to approximately 125,0o0 tons
in December and 129,000 tons in
January, 1920. Taking the year
1920 as a whole, our consumption Of
newsprint paper amounted to 2,1s7,-
900 tons, which was an increase Of
23.4 per cent over the amount con-
sumed in 1918. The following table,
taken from Information published by
the Federal Trade Commission
shows the supply and consumption
of newsprint paper during the past
three years.
A
The Washington herald., 1921-03-12

proxfmately q per cent over the
amount produced in 1917. The great
est increase took place In the pro-
duction of bag paper. where the 1920
production was nearly So per cent
above 1917. Newsprint paper, in
which there was such a scarcity
during the past year, showed an in
crease in production, of only a little
over IL per cent.
The following table shows the to-
tai production of the principal
grades OF paper in the United states
for the last four years.
v UNITED STATES.
The Washington herald., 1921-03-12
EXHIBITORS AT AUTO SHOW

Accessory Dealers-Passenger Car
F1eor and Baleeny.
Space No. 1l-Barber & Ross
Space A-District Agency Co.
Space B-George c. Rice.
Space CIV. NJ Ward
Space D-The wenner.Co.
Space E-E. L..Wittststt.
Space F-Dupont Tire shop.
Space G-Stsndsrd Automotive
Supply Co.
Space H-Lehmsn's- Tire Shop.
Space I-Juilien & Bsrtram.
Space MILLER Dudley.
Space K--A. Eberly's Sons Co.
Space L-ward & Co.
Space ls-Acme Auto Top Co.
Space cC-Roy r. Carty.
Space DD-Caille Perfection Mo-
tor Co.
Space EE-Y. M. c. A NAutO
School
Space FF-MarveI carbureter
Sales Co.
Space GG-w. J. Moore.
Space KK-wnliam II. Osburn Co.
Space LII. J. Automotive Parts
Corp.
Space NM I-Gladiator Timer
Sales Co.
Space MN 2-Taranto & wassmsn
Space NN-Edward B. wyatt &
Co.
Truck Exhibtters ana Additional
Passenger Cars.
Space Floss Hughes CO.
Pierce-Arrow.
Spaces .. 3. 4-The Witt Will CO.
witt-wnn.
Spaces ). s-The Trew Motor CO.
REQ Speed Wagon
Spaces Z. 8. eGeneral Auto
Truck Co.-Master.
Space Io-Semmes Motor CO.
Dodge Brothers.
Spaces IL. I2-Motor Company OF
washington-Servi
Space 13-H. B. Leary. jr.-Max-
well.
Space 14-AtIantic Garage CO.
Case.
Spaces Is, Is-The Washington
Templar Co.-Templar.
Spaces Il, is. ls-Autocar Sales
and Service Co.-Autocar.
Space N-Service Company Of
America
Space Y-Jacob Meyers.
Spaces 20. 2l-Commercisl Ga
rage-Republic.
Space 22-A- B. c. Motor CO.
Trafic Truck.
Space 24-Rine Motor Sales CO.
Davis.
Accessory DeaIers-First Floor
Balcony.
Spaces A I. ?. 8, National Elec-
trical Supply Co.
Space A 5-Dupont Battery Co.
Space A e-wineberger Auto Sup
Fly Co.
Space A 7-Standsrd Automotive
Supply Co.
Space A S-Magic Rubber Mend.
Space A s-Johnstone Tire and
Rubber Co.
Space A 10. II. Tabler.
Spaces A IL. l2-DoUbleday Hill.
Spaces A IL. lf-Thompson Auto
Supply Co.
mber Main 6720.
The Washington herald., 1921-03-12

a fair living and let him maintain =
high standard of citizenship"
With announcement of wholesale
cuts in wages coming rapidly from
all the important trunk line rail-
roads in the country. and organized
labor stubbornly resisting any re-
duction, representatives of both sides
admitted yesterday that Congress
will be faced with the most serious
railroad problem IL has ever tackled
when the extra session in convened
next month.
Denounces Railroads Act.
The American Federation of Labor
bitterly denounced the railroads on
the ground that they are announc-
ing wage cuts, as IL they. and not
the Railway Labor Board, had final
authority to reduce wages, thus
frightening railway employees into
thinking a wage cut is imminent
and the public into anticipating a
strike.
the wage reduction controversy was
the fixing Of what is indicated to
be the opening gun in ~ shippers
war on the present high railroad
rates. The National Live Stock Ex.
change, representing shippers OF
more than 100000 carloads of live
stock, filed complaint against ex-
listing rates with the Interstate Com
merce Commission
As opposed TO the contention OF
the complainants, a high official OF
the Interstate Commerce Commits.
sion expressed the opinion that
wage reductions would have no ef-
feet in lowering railroad rate sched-
ules for some time to come.
The Washington herald., 1921-03-12
DUPONTCOMPAlHS
ANNUAL EARNINGS
DENOTE INCREASE
Last Years Sales, How
ever, Show Decrease of
Over $lO,O ,OO0, 600.
$3.50 ON SHARES
Estimated Net Value of Main
Holdings Exceeds Book"
Value by $4,000, 900. ."

WILMINGTON, Del, March IL
Net earnings of sIs,0ss.0z2.2l and
sales OF ss3.ss3.zsl.61 are shown Ia
the annual report for 1890 Of T. 1.
du Pont de Nemours and Company.
These figures compare with net sales
Of sos, 5,I37.s2t.24 and net earnings OF
sIl,s2O,s53.os in 1913. Earnings -sp-
plicsble to common stock were sio.-
74s. .so7.se, OF which ss.267.147 ives
paid in cash dividends.I In addition TO
sum applicable to common stock-the
undivided earnings accruing TO the
company through its stockholdinEs
in subsidiary and other companies
aggregated approximately $4,000
900. This would make a total OF
y237ls,s07s6. which represents the
company's direct earnings applicable
to common stock. plus It's equity IN
earnings OF other companies N
which Il has large or controlling
stock interests. This total is equiv
sIent to approximately &Ss-sO per
share Of common stock.
The report says that the estimated
net value Of the principal investment
stockholdings exceeds the values at
which such stocks are carried on the
books by slightly over sso.Ooo.oeo.
equivalent to about tse a share on
common stock.
Suspended War Centrncts.
The company's suspended war
contracts with the government form
an Interesting chapter in the report
On December 81. 1890. there were
thirty-seven Of these clsirss. aggre-
eating s2e.375.ss255. but by reason
OF advances from the United States
and credits due the United States for
purchases of materials in claims, the
net cash due the company was only
s2.oI3lIo.1s. or these claims agree
ments have been reached with audi
tors and the local army boards COW
ering twenty-one claims, aggregat-
ing Ss3Jo15. 327SI. on which there Is
due the company in cash s3St.esS7o.
The balance Of the claims (sixteen.
aprrerating $500. .3s5.2t. on which
there is cash due the company OF
I.s5s.7is.IS). are still in process Of
settlement.
Depreciation Cf inventories OF
raw materials and finished product
due to the abrupt decline in prices
In the latter part Of the year,
amounted to sl0.342.4l343. That
vas written of without disturbing
the profits for 1890. because during
previous years when prices were
increasing. the directors had set
aside from the current prohts an
amount sufficient TO meet such an
expected decline.
Federal Taxes
Payment Of Federal taxes was
major contributing cause Of the
insuIiciency OF capital remaining
from undivided profits" the report
SAYS. The amounts paid to the
United States government since
The Washington herald., 1921-03-12
CURB PRESSURE
FORCES new LOWS
Moderately Active Market
Presents Mixed Tone With
Oils Heavy.

NEW YORK. March 11.-Price for
securities in the curb market today
presented a mixed tone with numer-
Gus issues displaying a tendency to
move to lower levels. In some
quarters pressure was rather heavy
and forced prices to new low rec
ords. The market was moderately
active.
Carib Syndicate was pushed to a
new low Of s. International Pc
troleum and Maracaibo Oil dropped
slightly lower. Standard Oils were
also heavy. Marland Oil of Della
ware was forced to a new low rec
ord. Mexico oil held firm.
In the Industrial section changes
we're mixed. Durant Motors fell a
fraction from last nights closing.
Reynolds tobacco weakened after
Improvement in the first hour
Metals generally were steady. Bos-
ton and Montana made further ads
vance. Bonds were again heavy.
The Washington herald., 1921-03-12

wood pulp last year also Increased,
although the total amount exported
was less than $4,000 tons.
Domestic consumption of wood
pulp last year amounted to ap-
proximately 100000 tons, or very
nearly 100000 tons more than in
the preceding years. The following
table gives the more important fig-
ures relative to the supply and con-
sumption of wood pulp for the past
three years.
ID PULP-ALL GRADES-NET TONS
The Washington herald., 1921-03-12
Refugees Ask Repatriation

YFive thousand Crimean refugees
who were landed in various Bull
garian ports have petitioned the
American Red Cross unit in Con-
stantinople to arrange for their re-
patriation to the Crimea. They state
that living conditions In the Bull
garian cities are impossible owing
to the already serious economic
pressure on the local population.
The Washington herald., 1921-03-12
s5I .ses, ,se4e7
Total

These taxes. like the surtaxes on
individual incomes" the report
adds. ARE a serious drain on funds
available for reinvestment in in
dustry."
The recent purchase Of the Du-
rant holdings in General Motors dn
which the DU Pont Company al
ready had a large interest and now
has a controlling interssD and tho
financing OF the deal are explained
in detail.
The Washington herald., 1921-03-12

soKassNc; No. . yellow. s2k as.c:
No. 4 white. soisasI1sc.
Oats ruled ia2c lower. Shipping
sales. 10000 bushels. Track Chi
cago; Sample grade, 4ic; No. 4
white. 41c; No. . white. 42a43c; No.
. white. 44a44hc.
The Washington herald., 1921-03-12

the preceding year. Since the middle
of the year the price has been de-
clining and in January. 1921, the
average for the United States as
reported by the Federal Trade Com
mission was 1896 per 100 pounds.
The present open market price is
less than 5 per cent above the cor
responding price in January. 1920.
The Washington herald., 1921-03-12

The effect of the heavy demand
upon the price. of newsprint paper
is clearly shown in the accompany
ing table on the prices for Standard
news during recent months. In
July. 1920. Standard news reached its
maximum price on the open market
of $10,5o per 100 pounds. compared
with s3.72 per 100 pounds in July of
OPEN MARKET