davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-04-02

II Machinery" J. J. Donovan. Bloc.
del-Donovan Lumber Mills: Credits
and the Export of Specislties." r
H. Taylor, s. s. White Dental Manu-.
featuring Co.
Thursday. 1000 a. m, Govern.
ment Service to Foreign Trade" ]
Walter Drake. Hupp Motor Car Co
Friday, 1000 a m.-"Americar
Maritime Policy" James A. Farrell
president of the United States Steel
Corporation and chairman Of tho
National Foreign Trade Council.
Groap Sessions.
Preliminary announcements fol
! the group sessions follow:
Wednesday, 500 y. m. Group L.
Fundamentals in Foreign Trade
Education" J. A. De Haas. New
York University; Means Of Getting
an International Viewpoint in For
eign Trade Educstion," Walter s
Tower, Consolidated Steel Corpora
ton; Group 1.-THE Foreign Cred
IL Department-Its Organization
Position, Equipment and Attitude
+. d. Rock, Armour & Co.; The
Foreign Credit Risk-Its Problems
Under Existing Conditions" J. G
Geddes, Union Trust Company
Cleveland. Group Iy.-"PractIca
Use Of the Film in Sales Promotion
Abroad" Rowland Rogers. Picture
Service Corporation.
Thursday. 2.30 p. m. Group W
"A Practical Method of Tests fol
Export" S. W. Stratton. U. S. Blu.
reau Of Standards: Psychology OF
International Merchandising" Col
Fred Cardway. Packard Motor Car
Co.; ''one Essential of Successful
Exporting" c. c. Martin, National
Paper & Type Co. Group Vide.
veloping an Export Bushes,
Through Advertising" Elmer II
Allen. President Suspender Co
What l Expect From My Advertis
ing Appropriation" A. r. Cole
Westinghouse Electric Information
al Co; Foreign Advertising" Fred
erick Dickinson. Hupp Motor Cal
Co. Group V1I.-The Custome,
and the Market" GuiIIermo A
SherweIl. Inter-American Higl
Commission: The Trade Ralancl
and Exchanges" r. S. MacElwee
chief OF the Bureau OF Foreign ant
Domestic Commerce: "Our Trad,
Relations With Mexico" Will A
Peairs, Chamberlain Medicine Co
Group VITI-'Foreign Market Sur
veys." f. G. Montgomery, Q. s. Blu
reau of Markets
Friday, $50 p. M. Group TX
Practical Developments OF Edr
Law Banking" Philip r. Kennedy
First Federal Foreign Banking As
sociation. Group XI-"Federal In
corporation for China Trde." J. z
Powell. Shanghai: The Market an,
the Customer" NJ A Cudin, Inter
national General Electric Co.: IN
Trade Balance and Exchanges
Wesley Frost. q. s. Department o
State.
The program is lacking particu
| larly in the assignment Of foreigr
speakers. which are expected to n
announced shortly. and is onl.
about two-thirds completed
The Washington herald., 1921-04-02

Before the war imports into the
Emitted States amounted to about IS
per. cent of the value of our ex-
ports. In 1919 this ratio was only
40 per cent, indicating that our i'm
rorts were less rhan half the value
Of our exports. For 1920 this Iatic
increased to 30 per cent, indicating
a more normal relation, but still far
below what 1t was in the prc-war
years. The United Kingdom. France
and Belgium formerly Imported
about 25 per cent more goods than
they exported. In 1919 imports into
the United Kingdom exceeded cx-
ports by So per cent but in 1920 this
ratio had dropped to IS per cent or
very little above the pre-war figure.
Approximately the same conditions
are shown for Belgium. France. on
The Washington herald., 1921-04-02
SEES SOLUTION TO CRISIS
NFOREIGN INVESTMENTS
Retention of Creditor" Status and Foreign
! Trade Expansion Dependent, Says Davis.

NEW YORK. April 1.-Mainte-
nance of the position of the United
States as a creditor nation and
the expansion of our foreign trade
is dependent upon the ability and
willingness of Americans to make
Investments outside this country.
according to Norman H. Davis, for
mer Undersecretary of State.
1T may be stated that the main
tenance of our position as a credi-
tor nation and the extent to which
the United States may construc-
lively expand its foreign commerce
in excess of its foreign purchases
and expenditures, depends upon
what our investors can, and are
United States" Davis said today In
a speech at the Bond Club luncheon.
Time Required.
II realize that this will require
time and encouragement The cause
of the many opportunities in the
United States. the American has not
found II necessary heretofore to
seek foreign investments"
Davis referred to suggestions that
allied debts to US of nearly $1o,-
00,000,0o0 be cancelled-upon the
theory that these debts can only be
paid in goods; that we do not need
and cannot take goods without
detriment to our, own industries.
and that we must have a tariff to
protect American industries, which
would be inconsistent with the col
lection of our debts.
Those who have this view seem
to overlook the fact that since 1914.
when we owed something like So
000,oo0,o0o through Aperican secu-
rites held abroad. the world now
owes us besides the 10000. 900, 900
in obligations held by the govern
ment about $4,000. 900, 900 or $1,000
100000 in loans and securities held
The Washington herald., 1921-04-02
PRODUCTIONCAIN
BUT LESS TRADING,
!. REPORTS DISCLOSE
Business Barometer at
Low Ebb, Govt. State
ments Indicate.
FARM WEALTH HIGH
Federal Officials, Authorities
on Business Conditions of
World. Are Optimistic.
FARM WEALTH HIGH

The world is producing more, but
trading less than ever before, a sur
vey Of government exports from all
countries discloses. ',
\ The business barometer Is low in
every land. this Information re-
yealed. At the same time agricul-
tural basic wealth is high every
where, and crop production ano
prospects fine, with the exception OF
Russia, sections of Central Europe
and drought regions of Asia.
officials optimistic.
For that reason government Of
ficials, who watch world business
conditions, are optimistic. When
transportation and credits are cor
rected world business will swing in
to shape, they said. That will take
time and trouble, but will be done.
ct is the first time world over
production ever brought about world
business depression" said Herbert
Hoover, Secretary of Commerce.
Foreign Commerce slumPs.
Both exports and imports of Eng
land and the United States show de-
creases, as do those of virtually
every country In current reports. al
though the same surveys show ad-
ditions to raw material production.
The surplus stocks are piling ur
until they can be moved at a trans
portation charge the traffic will
bear, and until manufacture is JUS
tilted by credits that will make pos
sible their purchase.
Solution Plans.
Efforts here to help the solution
are along these lines:
1. Creation OF European credits to
be handled through private-agencies
government assistance in promoting
long time credits for cotton farm
crs, until Europe, by credit exten'
sion. can take American cotton.
2. Government action to relieve
the railroad problem. The high
freight rates have hampered both
domestic and foreign business, al
though, even at these rates. railroad
earnings are diminishing.
3. Revision of world trade ship
ping routes and development oi
trade with the Far East. -
SILK and Rice Trade. 90
flnanCihB oi thc BIN anu LiSe -
dustries by the Japanese government,
has been ordered in bills passed by
the Jap Diet. according to cables to
the Commerce Department. The
Japanese government will maintain
warehouses for storage of the tre-
mendous surplus of rice, which II
will purchase and hold for better
prices. The rice surplus at present
ranges from 100000 to 100000
bushels.
Under the silk protection bfll the
Jap government added 30.ooo,0oo yen
to the already large appropriation
to maintain the silk market by guar
anteeing the silk pool against
losses by price declines in raw silk
large surplus stocks Of which are
being carried.
The Washington herald., 1921-04-02
BUNKER OILOADD:
ON FOREIGN TRADE
Ships INCREASES
American Petroleum In
stitute Figures for Feb /,
ruary, $4,S46,7 ,705. -.
S7.7To GAIN DURING 20
Atlantic Coast Ports Respon-
sible for 63.4 Per Cent
Total Loadings.

NEW YORK, April Figures
compiled by the American Petroleum
Institute from records OF the Bureau
Of Foreign and Domestic Commerce
show 1,ss7,447 barrels OF bunker oil
valued at s4.s4s.7e5 loaded in Feb
ruary. 1921, at United States ports
on vessels engaged in foreign trade.
In February. 1920. the total was IL
54s,4ls barrels valued at 33.ls7.lSl.
Loadings in January. 1921. amounted
to l,ss0.s63 barrels valued at s4.9e5.-
l2s. compared with l,726,42S barrels
valued at s3,52O.s5l in January OF
the preceding year.
Years LoadinEs-
In 1920 Ioadings OF fuel old totsled
rs. 6.334, ,Ss3 barrels. valued at see.efs.-
o56, compared with ll.03A35s bar
rels valued at s2s.3S5.43s in 1919. an
increase Of S7.7 per cent. OF the
total losdings in 1890, ls,70s.s6l
barrels, or 63.4 per cent were At At
lantic Coast ports. Pacific Coast
ports were second with AS3s.2ss
barrels. and there were-5. .s5l, ,74i
barrels supplied at Gulf Coast ports.
The balance OF 1852 barrels were
loaded at Great Lakes ports. BY far
the greatest percentage OF gain in
1890 was made at Atlantic Coast
ports where losdinEs totaled lseO5.-
2el barrels compared with S.4iS.sIs
barrels in 1919. an increase OF - =
per cent. Substantial gains were
made at other coastal districts.
The value per barrel Of fuel OIL
in 1920 was s255, compared with
So .os in 1919. The values. given are
supposed to he based on market
price. The trend Of fuel oil prices
is Indicated by the value per barrel
figures Highest levels were reached
in June. July, August and Septem-
Der, 1920.
New York Port First.
The bulk Of bunker fuel oil load
ings at Atlantic Coast ports is al
the port Of New York. In February.
1921. loadings at New York totaled
7es. $50 barrels. compared with 77e,-
sss barrels in January. Philsdel-
phia loadings totaled ls7,ls1 bar
rels; Baltimore. l57.64s barrels
against lS5.75S barrels. Total load
ings at Atlantic ports were i.SOe.oTF
barrels. compared with l.322eSs
barrels in January.
The largest loSdinEs At Gulf ports
are in the New Orleans district.
where in February. 1921. there were
] ISs .s23 barrels loaded against 2Ss.oSs
Z barrels in January. The total load
inEs at Gulf ports were 2ssss3 bar
rels. against 33S,sss barrels in jan
uary.
The Washington herald., 1921-04-02

Before the war there was reIe-
lively stable relation between the
exports and imports of most Of tho
important countries Of the world.
Most Europea1 countries imported
from 20 to 30 per cent more goods
than they exported This relation
held good for year after year. with
only relatively minor fluctuations.
The principal exporting countries of
the world normally imported goods
valued at 10 to Is per cent less than
the commodities they exported. Dur
ing the war these relations were
naturally very much disturbed, Eu-
rope found it necessary to import
enormous quantities of commodi-
ties and at the same time she was
producing smaller amounts of goods
which could be sold on the worlds
FOREIGN TRADE REI,lTTr
The Washington herald., 1921-04-02
GRAIN CONTINUES
DOWNWARD TREND
Enormous Liquidation Sends
Prices to Lowest Levels
Since 1914.

CHICAGO, April 1. - Enormous
liquidation in all grains and provi-
sions, with only fair buying support
carried prices for all grains, with
the exception Of May rye, to the
lowest of the season and the lowest
since 1914. Litsle ral,Sing power
was shown after the early advarcc
in wheat and other grains and the
finish was at nearly the inside
prices. with net losses OF Ak to SC
on wheat; III 10 1Hc on corn: ~
to INC on oats: 2S to 4&c on rye.
and 2xc on barley.
Provisions dropped to the lowest
so far and closed with losses Of CSC
on pork: 35to 37kc on lard and 40
to 45c on short ribs.
Good export buying Of wheat COM
bined with a feeling among a num-
Der of local operators that the mar
ket should have rally based on
recent large export purchases sent
prices up Tx to &c early and carried
other grains with 1t. An excess of
pressure existed the greater part of
the day with a semidemoralized
feeling all around. Selling of July
was heavy on the part of local and
Eastern operators and 1t dropped
from 121A to 114A, showing a loss
of i5c from the. high point of the
week and finished at 1l4h to l14%
May was up to 14ok early and
down later to 13Ih with the last
sales at 134% to 13S. Buying was
largely to take profits on previous
sales and against bids. After prices
started down the export business,
which was reported as high as -
Ooo. 900 bushels provided the Ger
man order was fIlied. and around g.
oo0, 900 to 100000 bushels other
wise. failed to check the downward
course.
The ease with which the export
ers were enabled to get the wheat
at advanced premiums Of Nc on he
distant shipment and 1c on this
months indicated liquidation on the
part of country holders in ths
Southwest, while IN Southern and
Central Illinois. farmers sold wheat
to millers at 10 to 15c under the st
Louis price. All cash markets were
lower with prices here of S to Sc
Kansas City cash prices were off
to &c and springs in Minneapolis :
to Sc lower
Crop reports were bearish and in
creased the feeling in favor Of lower
prices, encouraging selling of July
which assisted in depressing the
May.
Liberal acceptance OF profits on
corn and oats at foc and under for
May corn and SIC for oats gave
them relatively more strength than
wheat The relatively low prices
for them as compared with wheat
helped to sustain values. The break
in corn from the top. was Is and
oats INC with the finish at the in
side. Liquidation was heavy from
the start and the markets had few
friends, with nothing to indicate the
lowest levels have been reached
Cash corn was off kc with sales
$4,000 bushels and oats 1Rc lower
at the last with No. . white Il, to
SIC over May and the finish TX {
over with 100000 bushels sold. Ar.
rivals were III cars corn ani 81
cars oats.
Rye was sold by Baltimore trad
ers AMI bought by New Workers
May broke to 139. or within PC OF
the seasons low. July was under
pressure, lost nearly sc and Sep
tember dropped TO &c. a loss of Sc
Export business was said to be
The Washington herald., 1921-04-02
I.C.C. Reduces Carload
Rates on Press Cloth

The Interstate Commerce Commits
sion yesterday ordered a revision
before July . of carload freight rates
between New York. Boston and Phil
adelphia and Texas and Southwest
ern points on press CLOTH, used in
cottonseed oil production. This will
result in lowering some rates. Action
was taken as a result of complaints
by the Interstate Cottonseed Crush
ers' Association. Less than carload
rates were found justifable.
The Washington herald., 1921-04-02
W. Electric Men to
Receive Wage Slash

CHICAGO, April 1-Twenty-
Eve thousand, employees OF the
Western Electric Company will be
given wage slash Of an average
OF per cent, starting Monday.
company omciais announced to-
day.
The Washington herald., 1921-04-02

Jacob G.. Slonaker was designated
yesterday as acting Federal SUPER
vising prohibition agent for the
Eastern Department, to succeed Leo
A. Crossen. resigned.
The Eastern Department includes
Delaware, New Jersey and Pennsyl-
vania. Slonaker was a Federal pro-
hibition agent in the Eastern De-
partment.
The Washington herald., 1921-04-02

the other hand, has not made quite
such a favorable showing. In 1919
imports into France exceeded ex-
ports by 2o6 per cent. In 1890 i'm
ports were. only IS per cent greater
than exports showing q very mark
ed Improvement b.t still well above
the pre-war figure.
1t has always been necessary for
Italy to import relatively large
quantities of goods. In 1919 imports
were IS per cent greater than ex-
ports. In 1919 imports exceeded ex-
rorts by 254 per cent. and even tnas
was a considerable reduction from
the war years. Italy's trade in 1890
has made a big Improvement. How
ever, imports still exceedsexports by
more than l16 per cent or the
largest ratio shown by any - the
countries listed
The Washington herald., 1921-04-02
IMPROVED REL ALTON SHOWN
NWORLD TRADE FIGURES
Ratio of Imports to Exports Approaches the
Prewar Figure for Many Foreign Countries.
tBS The washi.Eton Herald's Econoniat.)

Herald's Econ0mtst.)
market During these years import.
into many Of the warning countries
were 900 to 500 per cent greater
than their exports.
The results OF the war have upset
many Of the former nicely balanced
relations between industry and for
eign trade in these countries. /. is
difiicuit to determine just what re-
lation imports will bear to exports
when stabilized conditions are rea-
lized once more. Obviously there
must be some approach to tho for
rier relationship before business
conditions in these countries will be-
come normal.
The following table shows the re-
lation of imports to exports for a
number Of important countries for
the years 1919 and 1920.
"a m CERTAIN COUNTRIES
The Washington herald., 1921-04-02
new FARM POLICY
FRAMING PLANNED
FOR EARLY MEET
Farmers and Livestock
Producers to Gather
Here.
FOR ONE GROUP, AIM
Relief from High Road Rates
And Amendment of Esch-
Cummins Act Urged.
FOR ONE GROUP, AIM

Representatives of all organized
farmers and livestock producers
will meet here the first week of the
new Congress to frame a national
farm policy and present 1t simulta-
neously to President Harding and
Congress.
Their aim Is to form the most
compact working organization OF
agricultural interests which has ever
operated In this country. They will
ask:
Relief from present high railroad
freight rates.
Amendment of the -Cummins
railroad law In the interests OF the
public and consumer.
Packer control legislation.
A curb on trading in grain fu-
lures.
Emergency tariff and tax revision.
National aid to the cooperative
marketing plans.
The railroad question next to the
emergency tariff Is the most import
ant from the farmers and livestock
mans viewpoint, Senator Capper OF
Kansas and other farm State legis-
lators said yesterday
western Farmers Hard Hit.
The farmers of the West are
greatly concerned over the present
ruinous freight rates." said Capper.
They want something done to re-
duce them. They see the rates go up
and the railroads continue to assert
that they are unable to put them
selves on a paying basis. The pres
ent rates mean that small shippers
cannot send their products to mar
ket and make any money.
There Is much sentiment among
the farmers for a repeal of the
guaranty provision of the railroad
law and for an amendment to pre-
vent the Interstate Commerce Com
mission from regulating intrastate
rates
Capper's Views
Il believe that the farmers and
livestock men, who are shortly to
meet here, will get together more
effectively than they have ever done
in the past. and that they will re-
main united in the future to work
out practical programs of policies
for the benefit of the farmer. Presi-
dent Harding displayed a most sym
pathetic attitude and has promised
to grant a hearing to farmers rep
resentatives."
A special committee representing
all the organizations probably will
be named to lay the farmers case
before Harding. Capper said. and at
the same time hearings will be
sought from the appropriate COM
mittees in Congress,
The Washington herald., 1921-04-02
Argentine Banks Inspected.

Consular advices recently received
BY the Department of Commerce
from Buenos Aires declared that a
bill has been presented to the Arren-
time congress which provides for a
more rigid inspection Of the eoun-
trys banks One OF the provisions
Imposes a 20 per cent tax of net
profits Of foreign banks. IL estab-
tshed since December. 1919.
The Washington herald., 1921-04-02
st. Paul Car landings.

CHICAGO. April 1.-Twenty-ti Ave
thousand and twenty-three cars were
handled by the Chicago, Milwaukee
and st. Paul during the week ended
March 26 against 3s.os1 for the same
week last year, decrease of 1905
cars. Flour and mill stuffs.awere tlse
only items to, show an increase.
The Washington herald., 1921-04-02
Calumet Mines to Close.

CALUMET. Mich, April Am
nouncement is made that the Calu-
met and Hecla, the Ahmeek and the
Isle Royale copper mines will be
closed April 1.
The Washington herald., 1921-04-02

lshsd By ". D. Hibbs q Co., Members
N. z. Cotton Exchanse.)
The Washington herald., 1921-04-02
New Dry Chief Named.

FURNISHED by W. II. Hibbs Co., 4eml
Chicago Board Of Trade.)
The Washington herald., 1921-04-02
Wholesale Selling
Price of Beef In
Washington

PnoSs realized on Swift & Co.
psny's sales Of earcsss beef On ships
msnts sold out for periods shown
below, ss Published in the nsws-
papers. averaged a. follows, showing
the tendency Of the market:
Week Av.fries
Endins RANGE rEn owT. Ps cvt
Low. High
teb. $3.50. ,....... 1887
FEB. h.. ....... I2-e7
Feb. Io..... "...... 1854
Feb. 26..... ....... I%-72
Mar. S..... uS.... IS-Ifs
Mar. h.. "...... 1871
Mar o.. " ... 1886
Mar. a6 sI4.oo sIs.oo sI6.7s
Swift & Company
U. S. A.
The Mena weekly star., 1921-05-12
S7 YEARS OLD YET
 LOVED ID TRAVEL
]. L. HadIey. Killed by Kansas City Southern Train. Left Comfortable Home in Oklahoma to See Hiii
 Section of Arkansas.

A desire to visit the hill section of Arkansas cost the life of J. |. Had lev. the aged man killed by Kansas City Southern train at Two-Mile bridge Monday afternoon. The dead man had long expressed wish to visit the upland portion of the state, ac- eording to his son-in-law, Sam Mur- phv. of Oklahoma City, and had left comfortable home in order to gratify his wanderlust.
 Mir. Murphy, who is a member of Oklahoma City's police force, being an uniformed man on one of the prin- cinal streets of the Oklahoma capital, came to Mena Wednesday to ldentify the body and arrange for the burial. After viewing the remains at Frazier 2 parlors and recognizing the father or Mrs. Murphy, the Oklahoma man told of his father-in-law's travels which ended in death.
 The dead man was 87 years of age and disliked to remain around the home of his daughter, Mrs. Murphy, in idleness. Early in March he went to Ardmore, where he attended the famous Hamon trial. He kept in touch with his daughter, who is his only surviving relative, and when he needed money it was supplied
 Hadley, for a man of his age, was well preserved both mentally and physically. He wanted to visit Arkan- sas and so informed his daughter, never stopping to consider his age nor the condition of his purse. It is to be concluded he was rather strong willed. Mir. Murphy stated that the last heard from the aged man was at Idabel, Ok, to which Mrs. Murphy sent her father some money. The next infor- nation concerning the aged travellers whereabouts was from Mena, telling of his tragic death.
 It was the letter from Mrs. Murphy to her father at Idabel that gave the Mena authorities their only clue to the dead mans identity.
 MT. Murphy arranged for the burial of his father -in-law at Odd Fellows cemetery, the interment taking place Thursday morning. Mrs. Murphy was unable to come to Mena, and the ser- vices held at Frazier's were simple and brief. Following the burial the Oklahoma man returned to his home, leaving on No. Thursday afternoon.
 Cleanup day was being observed at Odd Fellows cemetery when the fun eral party appeared. The workers rested from their labors and gathered beside the grave of the octogenarian. Rev. D. ]. Sossamon conducted the service and spoke the last prayer over the remains of Grandpa" Had ley, @ho longed to visit Arkansas and whose last resting place will be the is-l ha l0vod It was the aged mans expressed admiration for the uplands that induced Mir. Murphy to consent to burial in Mena's beautiful ceme- terry.
The Mena weekly star., 1921-05-12
Prairie Dogs seek Liberty.

The quartet of prairie dogs now in durance vile at Janssen party, pre- sented to Mena by G. H. Winter, now at Durango, Colo, resent being inn prisoned and are making strenuous efforts to gain their freedom. Two of them managed to gnaw out of their small cage Thursday and gave Gus todian Pryor and corps of juvenile helpers merry chase until recap tured. Wagers are said to have been posted that the dogs will yet eiude their jaiiers and get away and the sports who know the habits of the animals are willing to give good odds,