davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-07-30
STRONGER DEMAND
FOR CURB SHARES
Easier Money Rates Show
Reflection in Faster
Trading.

NEW YORK. July 29.-Thera
were many interesting features to
the trading on the New York curb
market today. better demand
being In evidence as a result of
the easing of in money conditions
which had such a direct influence
on trading in bonds on the New
York Stock Exchange. where many
Of the foreign issues moved up to
new high records. Interest was at
tached to a sale of Interboroueh Is
of 1925 at 1O0&.
The belief prevailed that this
foreshadowed announcement in re-
gard to the extension Of the Is
due in September. Industrials were
generally steadier, but without spe-
cial change in their market posi-
ton. most interest being attached
to dealings in the coal stocks, Glen
Alden coal ranging from 81 to 341
and Delaware, Lackawanna and
Western coal stock issued under a
former plan sold at IS. There was
little trading in Durant Motors
at 3s.
There were inquiries for South
ern Coal and Iron. but that stock
was in scant supply around its re-
Gently prevailing level and no busi-
ness was transacted during the first
half Of the day. Sweets Company
and United Retail Candy were both
unchanged in their trading posi-
tion. Acme Coal and Acme Packing
continued at the low rauge~recently
established. small amount of
business was transacted in Tobacco
Products Export at 5 y Announce
ment was made that the stock of
III. F. Holbrook. Inc. will begin on
the New, York Curb Exchange on
Monday, August i. The company
has taken over the automobile
body manufacturing business or
II. F. Holbrook.
Petroleum stocks were generally
steady, although some issues were
In increased demand at advances
Cities Service common moved up TO
l2Oh. and the bankers shares ad-
vanced to IL. Maracaibo held firm.
selling above % during the first
half Of the day, and there was a
moderate amount of business in In
ternational Petroleum at 10s and
lo&.- Mining stocks were again
traded in on a large scale, with
most interest in the continued ad-
vance Of Boston Montana.
The Washington herald., 1921-07-30

In total amount of debt per farm
Iowa leads with s9.S5S: then Ne
vada, ss,4ss; Nebraska. s7,042; South
Dakota, s6.412; California. ss.0ol;
Arizona, S5,441: and Illinois, 1855.
The total value of land and
buildings on farms is put at ss7,-
7e5, ,965,3S or an increase OF 9f.S per
cent over 1910. The number Of
farms reporteding debts being only
Il per cent of the total II may be
roughly estimated that the total
mortgage debt of all farms is some
thing like twice the amount re-
ported or nearly $4,000. 100000. A
survey several years ago by the De-
partment of Agriculture placed the
total of mortgage loans at about
$500, 900, 900. If the debt has in
creased as have the values the pres
ent total Is somewhere near to the
$s. 900, 600, 900 mentioned.
This estimate is only of value in
comparing the borrowed capital
used in agriculture with other in
dustries. The total railway capital
reported by the Interstate Com
merce Commission for 1918 was s20,-
7S4, 000,00 which included $685.
10000 in bonds and ss.055. 200. 900
in stocks. each more than equalling
the total mortgage debt on farms.
The growth OF farmers debt as
represented by mortgages reflects
the change in the organization of
farms to an enterprise requiring
more borrowed capital and credit.
Considered in relation to the total
value of farms and the annual value
of products this amount OF IN
debtedness is not necessarily alarm
ing. As this debt grows. however,
there is an increasing fxed charge
against agricultural production in
the interest which must be reflected
in the cost OF production.
The Washington herald., 1921-07-30
AUTO MAKERSASK
BETTER BASIS FOR
INSURANCE RATES
National Auto Chamber
Of Commerce Would
Change Standards.
MORAL RISK SHOWN
Character of Owner Should
Play Important Part in
Policy.
MORAL RISK SHOWN

NEW YORK. July 2e.-Lower IN
surance rates on better basis are
sought by the National Automobile
Chamber Of Commerce In seyering
relations with the Underwriters
Laboratories which would group
cars according to mechanical con-
struction.
Generalization and ignoring the
character Of the policy-holder are
the two weakest points In the In
surance methods today, In the opih-
ion OF the automobile makers.
Most of the new cars carrying In
surance are valued at more than
their market price II the owner had
to sell them. Consequently, the
temptation to destroy the car Is
strong for the unscrupulous. Many
instances are on record Of cars being
driven intoS a river in order that
theft insurance might be collected.
The same danger applies for'fire In
surance.
Though faced with this situation.
no recognition is made Of the moral
hazard. No inquiry Is made con-
cerning a man. character before
writing his po.-"y. SO that the dan
gers Of valuation are not stopped
at this point.
More important than the crime
element is the carelessness which
generalization encourages in the av-
erage motorist. IL his automobile
is overvalued. theft or accident may
prove a blessing.
The activities Of the Underwriters
La aboratories are regarded as too
detailed. The Inspections result in
classifications which are Illogical
Parts makers which do not submit
TOT the Underwriters Laboratories
tests do not get rated. and a car
may accordingly be unfairly listed
because not all of It's parts are
supervised.
Few OF the accidents today are
due to faulty construction. The au-
tomobile makers feel that little is
gained by the Underwriters Labora-
tories tests. as the cause of the high
rates lies in factors not related TO
mechanical production.
Insurance companies are working
on these suggestions, and a re-
adjustment in policies and rates Is
hoped for IN the near future.
The Washington herald., 1921-07-30
WHEAT ADVANCES:
LOSESON REACTION
Report Estimates Crop at
25,000,00O Bushels
Lower.

CHICAGO. July 29.-The wheat
market has not acted entirely in ac-
cord with the bullish report that
the Snow Bartlett Frazier put out.
showing 762.O0o,o00 bushels. or u.s.
o00, 900 bushels less than last year
Winter wheat Is given as 564.ooo.0oo
and spring at 19S.000.0O0 bushels. or
100000 bushels under last years.
This carried prices up nearly 2
cents, but when buying slackened
the advance was all lost Weak
ness in the cash markets in the
Southwest and reports of increas-
ing consignment notices there COM
bined with a tightening in the ex-
port demand. which was only 100.-
900 bushels here and 100000 BUSH
els at the seaboard. were regarded
as depressing factors.
The market showed the effect Of
the light outside trade, as IL re-
auired little selling to carry prices
down after the bulge. Sentiment
locally Is rather bearish. A cash
handler says there Is evidence of
wheat congesting the Gulf ports, as
sales have not been large enough
to absorb the arrivals. Chicago ha,
5s5 cars today, Deliveries were
30l 900 bushels milling. sales $4,000
bushels.
Rains over good part of the
western and central corn belt were
not generally heavy, but the trade
assumes that the drought was
broken and sold especially when
Wheat weakened. There was a fair
class OF buying early. but II failed
to support the early advance. and
il soon disappeared. Cash business
was slower. and receipts l25,00o
cred on July sales. There Will be
no skyrocketing Of the July tomor-
row. Shows report shows a loss of
aoo. 100000 bushels this month. OF
over 2oo.oot.ooo bushels under last
year.
Oats attracted little attention and
declined with a fair recovery to-
ward noon. Crop news continues
bullish. Shows report shows 1,07s.-
000. 900 bushels. a loss of over 3oo.-
O00.0 bushels. and condition 63.7.
1t failed to create any enthusia sm
Shorts in July Rye are being
taken care of, and prices are lower.
Deliveries we're $4,000 bushels and
arrivals 10 cars.
Leading interests were buyers of
provisions. with lard in the lead
Cash trade is fair. and an increase
in stocks Is expected for the month
Hogs were at s1l.75, and arrivals
1900. with 1000 sor tomorrow.
Cash trade was fair.
The Washington herald., 1921-07-30
CLAIM PROHIBITION
AIDSDAIRY FARMER
Has Created Large Demand
For Machinery to Make
Ice Cream.

ATLANTIC CITY, July 29.-Pro-
sfbition has helped the dairy farm
ers materially and has stimulated
:he manufacture of dairy equipment,
Said NJ. d. Dunn. OF Chicago. presi-
ient of the National Dairy Council,
aow in conference here with the
National Dairy Machinery Manufac-
Iurers' Association, representing 75
ser cent OF the national output. and
he National Dairy Equipment job
Oers' Association. who are holding
.hefr annual convention in the Am
oasSador Hotel.
A resolution submitted by Dean
q. f. Van Norman Of the University
u California was unanimously ia
Fored to call a worlds dairy coun-
Ill in the United States. Its object
viii be to join in an international
educational campaign to teach the
Importance OF milk as a diet that
will improve the national health.
Dean Van Norman stated that a
.est in Los Angeles showed that an
Uamination of $4,000 school chill
hen resulted in the establishment
" the fact that pupils who regu-
.arly used milk in their diet CONT
oleted eight grades of public school
work two years younger than those
children who did not drink milk,
because of fuller physical and men,
al development.
President Mum. dealing with the
.eports of experiments in PhtladeI-
ohia. reported that a nutrition
lass of 200 children" were under
observation during the summer
months and that the first month OH
1 diet which included milk showed
4 gaia Of physical development Of
.hree and a half times as much as
child in normal physical condi-
ion could gain on the average diet
hat did not include milk.
Ice cream has passed from a
ielicsey into the class of food" said
William c, Downs. of Chicago. pres
dent of the Dairy Machinery Man
ifacturers' Association. "Prohibi-
Jon has increased it's sale. 1t Is
effected in the factories. Business
ias been good. The outlook is
,rieht Exports are growing. Pres
dent A. II. Barber Of the jobbers
eports that the trade is steady ali
yer the country.
The Washington herald., 1921-07-30
Theater Tickets
Will Cost Less

NEW YORK. July 29.-Pre.war
prices for tickets I'm New Ysrk,s
leading thesters were denniteiy
restored yesterday, VIXEN II was
announced that every manager of
Importance had agreed to make
simultaneous cuts. with - and
eS.5O as the top scale price.
The Hippodrome will open this
fall with its old PRICES Of 81 for
matinees and Sf.5O for the best
seats mt night. ~
The two newest Offering. af the
season, "The skyinrk- at the Bel
mont and .The Teaserp st the
Playhouse charged only 81 50 for
the hrst night, usunIIy an oecas-
sion commanding prices Of % and
$3.50. The pre-war scale will be
maintained.
A. l.. ErinnEer is already pre-
sentfng u musical comedy, tive
Little Girls In Blue. mt $3.50 ton
price, and other productions will
fellow this rule. though some of
the most elaborate musical revues
may not reduce to less than "a,
which was their price before the
war.
"The Last waltz.s however. the
biggest musical show and the big
Eest hit of the year I'm Its class,
II charging only s2.5o mt the Cen
tury.
Belnsco. the yshuberts, the Sell
wyns, A. II. Woods and william
Harris, 3r., have all agreed to the
new scale. Charles Frohman will
present Otis skinner In @BIood and
snnd" In September at $3.50. II
II also reported that a ~ scale
may be adopted by Erianger and
Frohmnn for dramatic attractions
ON the rond. =
The Washington herald., 1921-07-30
FARM MORTGAGE DEBT
EXCEEDS GROWTH OF VALUES
Indicates Growing Needs for Capital Credit IN
Farm Industry.
On, n. wa.linston Herald Economl.,.D

-HE new CELSIUS report on the
mortgage debt of farms has
i timely interest in connection
with the discussion of the financial
status. Of agriculture. The question
arises. is the farm industry increas-
ing or decreasing its borrowed cap
ital? and what is the significance OF
the change?
Census figures are not very satis-
factory on this subject because of. a
change Of basis in each of recent
census years and the fact that the
returns on mortgage debt covers
only farms operated by owners and
The Washington herald., 1921-07-30

leaves out all farms operated py
managers and tenants. The reports
show that of the total number OF
farms operated by owners which
was 3,s25.0s in 1890 only S,535,s47
reported as to whether they were
mortgaged or not. This Is just q
little more than half of the totai OF
6,44S,3s6 farms in the country.
TIE census leaves much 10 be
estimated on this subject but COM
parison of the last four census re-
ports gives some idea of the direc-
ton that farm capitalization Is TAX
ing in the form. of mortgage in
debtedness.
The Washington herald., 1921-07-30
METAL MARKET.

NEW YORK. July ss.-A rise OF
los is reported in London tin prices.
with spot at 1853 i5s and futures
~ 1851 l5s. sales 80 tons and $50
tons. STANDARD copper is Sc higher
at $50 5s for spot and go l2s Sd
for futures: sales 100 tons and $50
tons. Electroly-ic Is unchanged at
t7s. Spot lead H. SIS lower at f2s
73s Sd. and spelter IS cd lower st
fs5 los.
The Washington herald., 1921-07-30
Cnrsor Ward CnnJidnte
For House of Delegates

GAITHERsBURG, Nd. July ss.-
Carson Ward. this city. a retired
merchant. has announced his candi-
dscy for one OF the Democratic
nominations for the house Of dele
gates. subject TO the primary cleo
tion in September.
He is the sixth candidate in the
field for the four nominations TO be
made. the others being DR.. George
L Edmonds. Charles G. Grifith.
Francis Snovden, Clarence L. Gil
pin and p. Hicks Ray.
The Washington herald., 1921-07-30
NEW YORK PRODUCE.

NEW YORK. July 2s.-Butter-
Creamery nrsts. 37jsa42A: cream
cry higher scoring. f3a45H; state
dairy tubs. s1af11k; Ladies, fresh
firsts. 301aa32k.
Eggs-Nesrby white fancy, Sass:
nearby brown fancy, 43a4s; extra.
4oa43; nrsts, 33ass.
The Washington herald., 1921-07-30
STATES WITH HIGHEST NUMBER OF
MoRTGAGED FARMS,

Without tho facts as to the
amount of the mortgage debt on
rented farms the total debt cannot
be determined by states or sections
When the ratio of the debt to value
The Washington herald., 1921-07-30

of the farm is taken the list is quite
different. This runs highest in the
older sections Of the East and few
other States.
STATES WITH HIGHEsT RATIO OF
DEBT TO VALUE o. FARM.
The Washington herald., 1921-07-30
WASHINGTON PRODUCE.
Furnished by Golden G. Co.
Eggs-Southern, 35c; nearby, 3sc


Eggs-Southern, 35c; nearby, 3sc.
Butter-Print. 4Sa5oc; creamery,
extra, 44a4sc; store packed, CSC.
Poultry-Alive: BOOSTERS. I6a17c;
turkeys. 5OaS5c: spring chickens,
27asOc; white Leghorns, 25a2Sc:t
hens, 25a2sc; keats, soc; dressed
fowls, 33a35c; turkeys. Isa45ci
ROSTERS. 2Oa23c.
Fruits (green)-Apples. Western,
per box. s1.50a3.c0; lemons. per box
s1o.ooa12.oo: Georgia peaches. ss.soa
+5o: new apples. ss.5oa4.oo. \
VeGetabias-New ppta'n $3.50;
rr, -I.v. ~ bhI si5 80. .--,a-
loupes, tops, Arizona standard,
per crate. S2.00aJ.OU: pVnIes, ,-.gJa
500; strings beans, s1.5oa2.0O bu. {;
new cabbage, home grown. s4.0oa
$50 per bbl.: beets, per bunch, 2a6c;
peppers. per crate, S1.0oa2.00; near
cymblings, per crate, s1.5oa2. 90;
North Carolina cantaioupes. stand
ard. s1.50a3.oo; flats, so.75a125;
South Carolina cantaloupes. stand
ard. sO.75aS1.5o; fats. so.5oaS1.oo.
Florida celery, per crate. s1.5oa
800: bunch celery, 50caS1.oo: peas.
bu basket, S2.00a4.00: watermelons,
in carlots. 2oa22 lbs, average, sl.ooa
200; 24a26 lbs, average. s15Oa2.5o;
25aS5 lbs, average, s3.Ooa45O.
Dressed Veal - 16al7c; choice
claves. 9a10c.
Z. $. Department of Agriculture,
Bureau Of Markets, July 1s, 1921.
Based on July l6 quotations in
important markets, prices for hay,
feed and grain in car lots delivered
Washington, d. c., for prompt ship
ment, are quoted as follows:
No. 1 timothy hay. ton, s245o;
No. timothy. $3.50; No. 1 clo-
yer, mixed S23; spring wheat bran,
$3.50; spring wheat middling, s3z.
20; cottonseed meal (36 per cent?,
S42.50 old process linseed meal, s43;
gluten feed $35; homing feed
(white), sSo.a5; dried beet pulp,
s2s" No. white corn, bu., SIC; No.
2 yellow corn. size; No. 2 white
oats (old) SIC; No. white oats
(old) Sic.
The following commodities may
be obtained from local dealers in
car lots basis cash payment, at
prices quoted:
No. timothy Cwestern) hay. ton.
$3.50; No. timothy (western) hay,
S24.50; No. clover mixed. s2I;
spring wheat bran. $500; winter
wheat bran. 323.5o: standard mid
ding sz3.25; -four middling, $1,000;
cottonseed meal (3S per cent?,
S4S.25; gluten feed, s35.75; hominy
feed (white). $40; -four. soft winter
straight Q4o lbs. jute). per bbL,
$s.25a7: hard winter, straight (14o
lbs. jute). s7.5oas.25; fancy patent
family brahd). ss.35a1o; No. 9 white
corn. per bu- (bags extra), IS; No.
yellow corn (bags EXTRA, sake;
No. yellow corn (bags extra).
Soc; No. 2 white oats (oid), ebaes
extra), sac; No. white oats (oid), /,
(bags- extra). 53c.
The Washington herald., 1921-07-30
COFFEE MARKET.

NEW YORK, July 2s.-owing to
the holiday in Brazil yesterday. offi-
cial cables were lacking this morn
ing and as a result there was no
general inclination to trade. Sellers
were especially scarce and broker
acting for local trade houses paid
a 3-point advance to secure small
block Of December. Subsequently
demand from the trade became
more spirited and a fairly large
business was done at prices IL to is
points above Thursdays fina fig
ures
The improved buying for trade
account was a reflection of the
much better and more general de-
mand for. actual coffees, specially
popular Santos grades, desirable Sc
lections of which are scarce. San
tos As are now quoted from az to
1oc; Rio rs at SIS. to SIC, and Vic
torias at SIS to SIC
September. ....... 6.57 6.5o\ 6.50a6.5 81
December. ..... 7.01 800 6.95a6.8t
March. :......... 7.s5 7.so 7.sosz.sl
siuy s........',' f.oVat.ol
The market closed to IL points higher.
The Washington herald., 1921-07-30
SUGAR MARKET.

FURNISHED BY ". B. Hbes, Hsmber Ne
Ysrk Cetten Exehangs.)
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1921-08-25
The kromararaphe.

There has been invented in Europe
n music typewriter called the kromar-
graphe. With the aid of this lnstru-
ment. it is said, the composer may pro-
duce q typewriter scroll without the
trouble of making the characters Dy
hand. All that he has to do is to place
himself at the piano and give free play
TO his creative fancies. Every stroke
upon the keys is registered in regular
musical character upon q paper scroil
wound upon drum. The machine OPP
crates through system of electric con-
facts with the piano keys. The regis
tering apparatus, which resembles an
ordinary typewriter in size, may, in or
der to remove discordant sounds, be
placed at a distance from the piano,
even in an adjoining room.-Chrlstlan
Science Monitor.
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1921-08-25
WONDERS FOUND IN NUMBERS
Although Undoubtedly an Exact Sci
ence, They Are in Many Ways
Full of Imagination.

All things are full of wonder, but
what is more wonderful than numbers!
Who discovered them, or can they
boast an existence before the world
was, with the Ancient of Days? At
the first awakening of human knowl-
edge numbers were there, for there can
be no gathering together nor any sepa-
rating, no collection and no distribu-
ton, without numbers. They stand
lowering over all, prototype OF eternal
law.
Numbers are said to be an exact SCI
ence and to deal with facts which cam
not lie; yet how full of Imagination
they are. as viewed in the geonetrical
exactness of the snowflake, deterinin-
ing the turn of the tides, the changes
of the moon, the procession OF our
days and the return of the seasons in
the vale of the years, May Sranathan
writes in the Pittsburgh Dispatch.
They are the measure of our three di-
mansions and, should time be discoy-
cred to be our fourth dimension, as
some prophesy, there numbers are
found also.
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1921-08-25
MEN SET IN "HlGH PLACES"
Those Only Admirable Who Remain
Affable and Generous to Those
of Lower Levels.

Speaking of the Mount Everest ex-
petition, Sir Francis Younghusband
says: AT great heights men get very
nervous and irritable At 10000 feet
they begin to lose patience with one
another, and the higher they climb the
deeper they hate"
There is a moral in that for men
seeking high attitudes in our common
hufoan life.
May it never be said of them with
truth: "rle higher they climb the
deeper they hate"
1t Is fine thing to find man VINO
goes upward to great heights without
losing his head. his nervous equlpolse,
his self-control. 1t is an inspiration
to us who plod and drudge along at
the lower levels to find him generous,
amiable, affable ready to meet all
corners and faithful to his friends.
On the other hand, 1t is depiorable
to come upon a man who wins his way
to eminence of any sort, and In that
lofty station. instead of looking to
the sky and a superior Power, looks
down upon 1.-THE common herd ana
thinks-and tells-how great he is III
comparison with ACKNOWLEDGEMENTS
Public Ledger.
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1921-08-25
Doubles Shooting Popular.

Doubles shooting is gaining great
popularity AMONG trapshooters of this
country. BY doubles shooting is meant
the release of two targets at the
same time. one to the left and the
other to the right. The shooter then
tries to break both of them before
they fall to the ground, firing one load
Mt each target. This is real test of
shooting ability. and for this reason it
is gaining in popularity. No one seeks
a real test of his ability more than a
trapshot. Because of the increased
interest in this phase of the sport it
is apparent that the doubles champion
ship tournament at the Grand Ameri-
can handicap this year will be much
better event than in the past. The
shooters have had greater practice at
this style of shooting than ever be-
fore.
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1921-08-25
Unwritten Rule.

Any soda clerk will tell you with
disgust of the hesitation with which
many customers order their drinks
while he waits impatiently. That is
why an uptown store has little rou-
lette wheels at each table. Instead
of numbers the hand turns TO the va
rious fiavors and specialties.
st seems to attract the young boys
and girls, especially" said the man
ager. "They like to spin the wheel
to see what TO drink. It's an unwrit-
ten rule always to carry out the order
to which the hand points. Luck is
good to me when expensive special
ties are drawn and bad, l suppose, for
the fellow that pays the bill. New
York Sun.
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1921-08-25
Prompt Delivery.

George L. Loft, son of the candy
magnate and former congressman,
created sensation on the stock ex-
change recently. when he sold suit
Of clothes off his back for $50 and
made spot delivery. The young bro
ker breezed onto the floor of the ex-
change early in the session. wearing
a brand-new Palm Beach suit. 1t was
so conspicuous some of his colleagues
roughed him a bit and in the fracas
the coat was torn slightly. Thereupon
Loft yelled ont for a bid for the out
fit, lust as If he were selling 100
shares of Loft. Inc. A broker in the
crowd snapped back a bid of $50 and
demanded instantaneous delivery. Loft
was game. He peeled off his coat and
then shed his trousers and departed
for the Luncheon club attired in his
b. V. DIS. He was able to resume bust
ness later through the discovery of an
old suit of clothes in a locker.-New
York Tribune.