davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-08-24
CURB ASSUMES
BETTER ASPECT
Trading More Active With
Prices Displaying Some
-. Rallying Power.

NEW YORK, Aug. o3.-The curb
market assumed a different aspect
today, IN that trading was more
active than II had been in some
time and prices showed a rallying
power at times. At the opening
there was a demand for practi-
cally all leading securities. and net
=aias of fractions occurred which
were very well maintained until the
end Of the first hour. when a sag
Eing trend set IN. However, soon
after the list picked up again. and
the market entered the afternoon
session in steady shape. A good
deal Of backing and filling of prices
occurred thereafter until the close,
but there was an absence OF that
pressure which had to do with I'M
settling the list on previous days.
General news contained more favor
able features than noted during the
recent past.
oil stocks were the first to show
appreciation of the changed trad
ing conditions. and while prices did
not 60 up rapidly, there was con-
siderable stock absorbed at steady
levels. Simms Petroleum. Merritt
Oil, Skelly Oil, Carib Syndicate.
AIaracaibo Oil and the Cities Serv-
Zoe issues. while ruling irregular
at times. showed greater resistance
to pressure. Arkansas Natural Gas,
on the other hand, acted in con-
trary fashion. dropped under on
fueer offerings due to the rumor
that probably the per cent quar-
tsrly dividend will be passed when
directors meet at the end of the
month. In the Standard Oil group
rrmness prevailed. with the Indi-
ana shares moving up fractionally.
Not much activity prevailed In
the Industrial section. Quotations,
however, were steady, with COM
nlonwealth finance corporations
issues again the strong features,
both the common and preferred reg
istering new high prices. Mining
stocks Improved somewhat, al
though most trading was confined to
Boston and Montana. Florence
Goldheld. Harmill Divide and Eu-
reks Croesus.
Bonds were quiet and firm In tho
undertone.
The Washington herald., 1921-08-24
URGES FINANCIAL
AID TO RESTORE
1CRIPPLED TRADE
Believes Public Invest
ment Would Mean Re-
turn of Prosperity.
1I ---
RAPS FEDERAL LAWS
-;
Declares U. S. Must Have
Ships to Call on the
World.

NEW YORK. Aug. 23.-American
shipping. seriously crippled at
present. needs large amounts Of
capital to put 1t on a firm basis.
Public investment In this indus
try. according to P. 8. w. Ross,
president of the National Marine
League, not only will bring a return
Of prosperity to this business, but
wfii be reflected in other lines now
largely dependent upon It.
"a recent statement by Chairman
Lasker. Of the United Stats Ship
ping Board proved that capital in a
very large amount Is required to
operate a fleet of only six or seven
modern ships" Ross said.
Crippled without Marine.
Federal legislation regulating
overseas shipping has succeeded
IN completely alternating American
capital from that business. Those
already entangIed would gladly quit
II they could.
Not until Senators and Congress
men from the interior realize that
their own constituents are desper-
merchant marine shall we ever be
abfe to operate the ships We own.
The basic truth which Congress
and voters alike must remember is
this: In 1914. we being debtor ma
ton, the world at large called at
our doors for our products, which
IL was glad to take in settlement
OF our debts. Therefore, at that
time. we could get along fairly well
without much OF a merchant ma
rine.
Must Call on World.
But in 1921 We find ourselves
world creditor. No one is going out
OF his way to call on us to pay his
debts to the United States govern
rnent or the people. On the contrary
we must so out and call on the
world.
we cannot 60 anywhere. except
canada and Mexico, without ships.
Surely with this knowledge We can
draw out our own conclusions and
act accordingly
The Washington herald., 1921-08-24
DULLNESS AGAIN
RULES BOND MART
Prices Break Fractionally in
Relatively Small Trad
ing Session.

NEW YORK, Aug. 23.-The bond
market continued dull throughout
today's trading and the volume OF
securities dealt in was relatively
small. Prices gave way fractionally
from yesterdays closing. for the
most part, but no heavy losses of
importance were sustained by any
OF the issues except Cuba Cane
Sugar convertible Is. These bonds.
which yesterday lost more than a
full point and closed at 50. today
fell another point and one-half 20
57is in the early afternoon trading.
Trading in the foreign govern
ment issues was again quiet, and
the volume even OF French 7l.s
sold today fell well below that OF
yesterday. Very little change in
price was recorded by most of the
foreign bonds. each OF the French
issues. for example. having lost but
one-eighth of a point. The Belgian
IS, on the other hand. gained an
eighth Of a point, as did the Brazil
IS. Some of the United Kingdom
of Great Britain So OF 1929 and
1887 were traded in but virtually
at yesterdays prices. Our own gov
eminent was issues Yesterday lost
as much as 80 points in the case of
31s. Liberty and Victory bonds
were weak again. but did not lose
as much during the day as they had
yesterday. The 3hs. in fact held
even with last nights close, and the
losses sustained by most Of the
other issues were in each case about
two points only. The war bonds
thus held somewhat firmer today.
A $4,000. 900 issue of South Da-
kota bonds was announced today,
and offered at l02.s5 TO yield about
SIS per cent. The loan is a six per
cent issue which natures in 1s4l.
and was put out to raise funds for
the payment of bonuses to soldiers
in accordance with an anne ndment to
the Constitution. Most of the
changes in price today represented
small losses over q greater part of
the list. Chile Copper IS lost
point at 20. Hudson and Manhattan
refunding SIS lost nearly a point at
sex. and some other bonds showed
fractional gains.
The Washington herald., 1921-08-24
DENT SAYS AMERICAN SHIPPING NEEDS CAPITAL TO OPERATE
Predict business
ReUiUaL In South

MEMPHIS. Tenn. Aus. H.
The turning point In business
calditions has been reached and
fall viii sec . revival In trade
and eeonomical condftions.
. This sums mp the eoncensus Of
opinion voiced By speakers at
the eighth aanual convention Of
the Cotton States Merchants, As
sociatfon.in session here to-day.
Pacing fncts and hgures and
with no effort TO mfnImIse.
speakers, nevertheless, re better
conditions throughout the South.
Farmers. they say. are making
the bigEest and cheapest crop In
years. This. with the heavy cut
In cotton acreage and produe-
ton Of fotA and feed crops, are
expected to put the South back
on It's feet I'm an economical way.
While merchants are buying
freely for fall and winter trade
they ere attempting to buy wfse-
~, the speakers pointed out.
The Washington herald., 1921-08-24
Z. s. Department of Agriculture,
Bureau of Markets, August n.

Based on August % 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. / timothy hay, ton, $3.50: No
3 timothy, $3.50: No. clover
mied. s2S: spring wheat bran, s22,
spring wheat middling, $3.50; cot
ton seed meal (36 per cent), sac: old
process linseed meal S47: gluten
feed. $50: hominy feed (white), S3l;
dried beet pulp. s2S.5O: No. white
corn, bushel. 73kc: No. yellow
corn. Use: No. . white oats, 45hc;
No. white oats. 43c
The following commodities NAV
car lots. basis cash payment at
price quoted:
No. timothy CWestern) hay,
$3.50 ton: No. timothy Cwestern)
hay. s24.5o ton: No. clover, mixed,
s24 ton; spring wheat bran, s22SO
ton; winter wheat bran. s22.5o ton:
standard middling. s24 ton: -four
rniddlinr s2s.2s ton: cottonseed
meal (56 per cent. old crop). S42.75
ton; gluten feed. s37 ton: hominy
feed (white). $3.50 ton: -four. soft
winter straight Gao lbs jute). $Sa
SIS per barrel; hard winter straight
Gao lbs iute). s7as per barrel: fancy
spring patent (family brandt. $775a
SIS per barrel.
No. 2 white corn. 75hc per bushel
fbaFs eNtra); No. 2 yellow corn. 75c
per bushel (bags sxtra); No. s white
corn. 74hc per bushel (bags extra)
No. yellow corn, 76c per bushel
Gags extra): No. 2 white oats,
47hc per bushel (bags extra).
The Washington herald., 1921-08-24
Syndicate Offering
$I,4OI,OW Bond Issue

syndicate headed by Tucker.
Anthony & Co., of New York; Rob-
ert Garrett & Sons. of Baltimore.
and Brooke. Stokes & Co. of Phila-
delphia, is offering an issue Of ST.
100000 Utah Light and Traction
Company per cent first mortgage
collateral bonds, due 1884, at 9sk.
to yield over SIS. The bonds replace an
underlying issue which matured
July I and will be first mortgage.
through collateral. on electric
power and light and steel railway
properties In Salt Lake City and
vicinity. conservatively valued at
well over $10.000.00o, and a lien sub
ject 20 s1.S65.0oo bonds on otner
valuable hydro electric and gas
properties of The system.
The bonds will be guaranteed, as
10. both principal and interest, by
endorsement, by the Utah Power and
Light Company, parent company Of
the Utah Light and Traction CONF
PAM.
The Washington herald., 1921-08-24
TIMELYWALL STREETTOPICS

NEW YORK. Aug. 23.-Alternate
upward and downward swings in
the stock market today kept the
professional floor operators who re-
manned in almost complete control,
on the alert and added to the con-
fusion OF semi-professional traders
who were watching developments
from the outside without taking
any active part in the trading. With
so great a number of individual
issues selling around the opening at
the lowest price of the year, no great
amount of selling was necessary to
cause the establishment OF many
new low records. For this reason
the bare statement that one stock
or another sold at a. new low does
not necessarily mean much. Weak
ness in the steels was the outstand-
Ing feature of the morning, but
this group recovered later and gave
the place of prominence to the cop
pers, miscellaneous industrial stocks
such as Montgomery Ward. Wool
worth. American International, Mer-
camille Marine common and pre-
ferred and Sears-Roebuck, Next
can Oils were strong throughout.
Famous Players was q feature for
its strength.
A gain OF ga points on the open
ing price was the response Of
Famous Players this morning to the
action of the board OF directors late
yesterday in declaring the regular
quarterly dividend of So a share on
the common, payable in cash. There
had been rumors that this dividend
might be paid in script, although
1t was understood that the COM
panys profits had been sufficient to
pay in cash. The statement of the
corporation covering the first six
months of the year shows net op-
Grating profits Of s3.s7s.697. after
deducting all charges and making
provision for Federal taxes and re-
serves. Surplus after payment of
preferred dividends is the equiva-
lent of 324.o6 a year on 2o6,s4s
shares Of common.
Weakness In the copper group
was a feature Of the morning trad
ing and two new low records were
made before publication around
noon of statements covering the
second quarter of 1891 for three
companies of the Pophyry group
Deficits are shown in the reports
for Utah, Chino and Nevada copper
companies amounting to s444,229,
sao4,6os and s37S.s58 respectively,
as compared with deficits of ss,sas,
s5S.137 and $685. in the first quar-
ter. These companies reported net
incomes of s2.240.0o0. s330.l52 and
s3s4.oo0 respectively in the second
quarter of last year. These figures
are not surprising In view Of the
Generalization of the Clipper min
ing industry during the past sew
eral months. The prevailing prices
for products of the mines have been
insufficient to meet cost of produc-
ton. and output for some time past
has been practically at a standstill.
Utah Copper got into new low
ground early at 43ss. Anaconda
also made a new low at 33ss.
The comparative steadiness Of
Mexican Petroleum and Pan Ameri-
can In the late trading yesterday
The Washington herald., 1921-08-24
Grand total ...........s2,o2s

The ratio Of bonds to stocks aHd
notes during this six months period
has been about 2 to l on new cap
ital and to l on the total. The
large amount of retunding bonds
issued raised the total in this par
ticular.
The swing towards bonds this
year has been very heavy. as is in
dictated by the totals of 100000
900 bonds. sls1.oO0.00o notes and
s1c6, 900. 900 of stocks issued during
the first six months of 1921. Last
year bonds made up only about
$500. 100000 OF the total of
S1,S74.000,0 900.
Most OF the oil securities sold in
1921 were in the form of bonds;
s147. 900. 900 of the total 1921, 100000
against s77,700.000 of oil stocks.
This is the reverse OF last year.
The Washington herald., 1921-08-24
WASHINGTON PRODUCE
Furnished by Golden a co.,

Eggs-Southern. sac: nearby. 36c.
Butter-Print. 45a50c: creamery.
extra. 45a47c: store packed, 26a27c-
Poultry-Alive: BOOSTERS. l6al7e:
turkeys. 3oa35c: springers, s0a35c:
white Leghorns. 2Sa30c: hens. ga
CSC: young keats. CSC: dressed fowls,
Csc: springers. dressed. 5Sa42c.
Fruits (greenl-Lemons, per box.
s2.5Oa5.eo: California peaches. sl5c
s2.o0: new apples. bushel baskets.
50. ooateo.
TegetabIes-New potatoes. bbls..
s5.00a5.50: Io-peck sacks, s5.oOa5.5o:
cantaloupes. California standard
$3.50: fats. 800: new cabbage.
home grown. s4.0oat.5o per Dbl:
beets. per bunch, Ease: peppers. per
crate. S1.00a2.0O: nearby cymbIings,
per crate. 81 5oa2.oO: sweet potatoes
per barrel, s4.o0a5.0o: yams, per Dbl,
s3.5oa4.5o: new apples, bushel bas-
ket, s3.0oa4.oo: New York bunch cell
cry. 50a75c: watermelons, in car
lots, 2Oa22 lbs. average. sI75a225.
Meats - Dressed veal, l6al7c;
choice calves, 11al2c.
The Washington herald., 1921-08-24
COTTON MARKET.
METAL MARKET.

NEW YORk. Aug. 2S-Spot tie
in London il Is Sd lower at
fl52 rs Sd. and futures los lower az
El5S I5s. Sales, SO tons and 500
tons. standard copper is un-'
changed at f66 SIS for spot ana
f66 ISIS for futures. SAFES. 100 tons
and 900 tons. Electrolytic is l0s
lower at go los. Spot lead is 2s Sd
lower at ga, and spelter IS Sd lower
at ga los.
The Washington herald., 1921-08-24

must aid in bringing the price Of
commodities back to normal.
Still another measure suggested
is the Improvement in export f1nan-
cling systems. Credit unions for
smaller exporters also are sug-
gested. AS a last measure, shipping
companies are urged 10 cooperate
with exporters.
Third Congress.
The third congress is the success
sor of the 1910 second congress held
at Antwerp. and had originally been
planned for September. 1914. The
war interviewed and delayed the
holding of the third congress until
this wear. At meeting Of the Cob
den Club of London. held last year.
the date and place OF the third con-
gress was determined as above.
Holland was chosen because OF its
accessibility and the well-known
policy of the Netherlands as the
strongest advocate of a free trade
policy.
The following are the subjects to
he developed by the congress:
i. IN no" Soh CNOhOthiC TcSOH-
struction, both national andinter-
national, be furthered by free trade?
In this connection the following
points will be discussed:
ta) Free trade and unemploy-
ment.
d, Free trade and wages.
'(c) Free trade and production.
td) Free trade and buying power.
.. In how far can free trade con-
tribute to restore international
trade? The points to be considered
are:
ta) Free trade and rates Of ex-
change.
% Free trade and the gold stand
ard.
8. The unsoundness Of colonial
preferences" (differential rights.
etc.)
4. How can free trade help 70
abolish the :auses of FRICTION be-
tween nations?
s The ethics of free trade.
J. r. Cremer. late Holland Minister
TO Washington, Is honorary presi-
dent Of the Third International Free
Trade Congress.
The Washington herald., 1921-08-24


The noteworthy changes ind
Gated are the increases In 1891 in
oil, gas and water utilities and gov
eminent loans. The oil increase Is
In marked contrast to the declines
in all other productive lines. The
declines in shipping, iron and coal.
manufacturing. banking and rubber
are most significant The very de-
pressed state Of the rubber indus
try is clearly indicated.
These two comparisons for ten
United States and Geat Britain
show the larger demands for funds
by the governments, both Nat 0nal
and municipal, and the public and
service corporations. New capital
issues are being more closely ex-
amined with a view to their stabil-
ity and safety than formerly. Sc
curity has more weight than the
prospect of large returns.
The Washington herald., 1921-08-24
NEW CAPITAL ISSUES
SHOW BUSINESS CONDITIONS
Borrowing by Governments and Municipal.
~ tiles With Refunding Operations
~ Predominate.

Increased borrowing by foreign
governments, municipalities and re-
funding by the railroads absorbed
the most Of the increases, while
industrial corporations got only a
little more than half as much new
money as last year. The summary
prepared by the Chronicle of New
York gives the totals as follows:
-. IaIa. ia1o
The Washington herald., 1921-08-24

The new capital going into BUSH
ness during the FIRST half OF 1891
was about on the same scale as in
1919. but about one fourth less than
in the same period in 1920. The
total of new investment and re-
funding was only a little short of
1890.
The Washington herald., 1921-08-24

when s2l5, 900, 600 Of stocks and only
So, zoe, 900 Of bonds were sold. The
oil companies sold fewer notes this
year than last, however, $b3,ooo,-
900 against s122,000.ooo.
An excellent comparison OF new
capital issues In Great Britain Is
provided IN The Economist. Of Lon
don. The totals are given In the
table:
The Washington herald., 1921-08-24

The year Of big Investments IN
Great Britain was 1913, when the
total for the year was over $685.
100000. The next year. 1913.
dropped to just a little above the
billion mark and 1920 to one-third
of 1918. or f3s7.5oo.o 900. The current
year is about the same as 1919.
The purposes for which the new
capital was raised gives some idea
of relative positions OF various in
dustries in the British field. The
principal items are given in the fol-
lowing table for the first halves Of
the past two years:
Distribution Of British Capital Issues.
The Washington herald., 1921-08-24
Keeping Up Prices.

THE government must give up
the policy of maintaining the price
of commodities so far adopted"
says the statement. while retrench-
ing public expenses. II consump-
tion is encouraged as at present
while the price Is held up, the de-
cline in the price OF commodities
is not only not checked. but the
promotion of the export trade will
be prevented. Abroad. Japan's mar
ket will be encroached upon by for
eign merchants and manufactur.
ers."
The government currency policy
also Is attacked as a further check
upon trade. The association de-
hands that by debating currency
more effectively the government
The Washington herald., 1921-08-24

The comparative steadiness Of
Mexican Petroleum and Pan Ameri-
can in the late trading yesterday
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1921-06-13
RICE Z poRMAN STOCK co.
OPEN WEEK ENGAGEMENT
IN eio TENT THEATRE,

The Rice a Dorman Stock Co, re-
puted TO be one OF the best dramatic
organizations In the Southwest, will
oren their one week engagement
here In their own mammoth tent
theatre tonight. Tho canvas theatre
has been erected on the old carnival
grounds on chIckasha ,avsnaa
The plryto be offered tonight Il
Keep To the Right which ID a
very recen, stock release and a mod
ern up to the minute theme. dealing
with political conspiracy. There h
said to be an abundance OF coined,
In the play also. The company Ia
headed by Miss Irene Renfroe and
Mr. Bob Hardaway who gave very
able support In dozen other talent.
ed artists. The company carries spec.
Ia' scenery for each play. a different
play being staged each night and
have q large. modern equipped stage.
Press comments In cities where they
have appeared are very flatterlng
and II Ia apparent they are a merI.
torious attraction. fnl
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1921-06-13

,.ls HAYES HEALING HONEY. .
couah medicine which stops the eeooh oy
hesIina the Infamsd and iuitatcd ussuee.
A boz Of GROVES 0PN-IkAIE
sALvE for Chest Colds. Head Colds and
0oup l. enclosed With sysfy eosus ,..s =!
HAYES HEALING HONEY. The sslve
should b. rubbed on tho chsst and thfoss
q children suffering ifou Cod o. Group
Yhs Moline ssses sf HAYS n,sll1l hossy y; :;
qsovsS 6Ss. .fnis sslss shfessh shs p''ss q
iks shls sssa sssps csssh.
os.s I q 3,Ss ] sss,sissS 81 'ssss;ass, s 9 u 60.
sJuss esd your druggist is HAYES
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1921-06-13
Big Collection Of Names.

Among the archives of the city Of
Los Angeles are about one dozen vol
umes weighing couple of hundred
pounds each. They are filed with
nothing but names. Los Angeles
claims to have greater number Of
visitors than any of the other cities
of the state and is collecting these
volumes to prove the assertion. These
hooks are filled with the names of WIS.,
itors. Each book has 400 pages and
there are mere than 100000 names In
each. 4
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1921-06-13
Lucian Erwin Is transaeting bust.
ness In Oklahoma City today.

Miss Adola zinn, former assistant
county superintendent OF public In.
struction. spent the weekend with
friends In chickasha. Miss zInn IL
connected with an engraving firm
In Oklahoma City.
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1921-06-13

Toothed birds, flying reptiles and
the first snakes NIL appeared on
earth at about the same time. W
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1921-06-13

Hog Island. the worlds greatest
shipyard, has delivered ia last ship
and In now out OF business.
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1921-06-13
NOTICE

DO not remove bands 10 have
skirts accordian pleated. We clean
and repleat akirts for si.so. New
goods. 7Se per yard. Model Cleaners.
Phone ". sf et list