davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-01-12
BULLISH. ACTIVITY
In STOCK CHANGE
CONTINUES SWEEP
Upward Move Intensified
On Issues With Big
Short Interests.
BEARS PENALIZED
Veterans at Loss to Explain
Condition in Light of
Days Work.

NEW YORK, Jan. l1.-There was
no diminution OF buIIish activity on
the Stock Exchange today. II any
thing the violence Of the upward
movement was intensified where Il
concentrated on a few issues in
which a 4belated and swollen short
interest existed. Bears paid a heavy
penalty for their stubbornness in
CrucibIe Steel which ran up II
points on a heavy volume Of trad
ing. The stock reached a loaning
premium OF l per cent, and shorts
were in a panic several times dur
ing the session.
Issues Affected.
Other issues in which an urgent
covering demand developed were
Atlantic Gulf. Bethlehem Steel
Mercsntle Marine preferred. Bald
win and WorthinEton Pump. The
activity was confined chiefly to
these stocks. in which pools made
a strong effort to roUt the short
interest. These consisted Of indus
trials and speCialties. The rails
were comparatively neglected. One
might gain an idea Of the manner
in which the general plane OF the
market has risen by noting that a
few hundred shares Of Fisher Body
changed hands at 30, a gain OF lOls
points over the last transaction
made a few days ago.
There is nothing in the actual
news OF the day TO account for the
strength displayed by the market.
Veteran operators asCribe IL almost
entirely TO the automatic reCUpers-
i've power which came into play as
soon as special factors Of pressure
were removed. These same men be
lieve that while The market may
have a sharp reaction from present
levels. and that il may come at any
time. the natural forces making for
readjustment and balance in secu-
rity prices will bring about a high
er level than that which now pre-
walls
The Washington herald., 1921-01-12
No. Dakota Bank Seeks
Loan of S6,250,00

NEW YORK. Jan. 11.-There is a
bit Of irony in the visit to New
York Of Spurgeon Oden. represent
ing the Bank of North Dakota Mr..
Odell is visiting bankers here at
tempting to obtain a loan of $6,25O,-
600 secured by State bonds. Mr..
Odell is not receiving any encourage
ment. One-third of the money he
seeks to obtain is to be advanced
to the banks operated under the
TOwnley system. First mortgages
on real estate are offered as an ad-
ditiOnal security.
The Washington herald., 1921-01-12
MORTGAGE LOANS HELP BANKS
ANDFARMERS IN SOUTHWEST
Money Raised Through This Channel Used to
Liquidate Short Time Notes.

There have been about twenty
bank failures in the Kansas City
Federal Reserve Bank district the
last two months, mostly OF small
country institutions. That the Fed
eral Reserve Bank. of Kansas City,
and also the Federal Reserve Bank,
Of Dallas, in Texas. show improve
ment in their position in the face
Of these small failures reflects the
inherent souhdness of the financial
situation.
The Federal Reserve Bank. OF
Kansas City, was a borrower TO the
amount of S45, 100000 from other
Federal Reserve banks in October
but has since reduced its outside
borrowings to s2s,O0O,0OO. In the
same period the Federal Reserve
Bank, OF Dallas, reduced its out
side borrowings from $3S,00O. 900 70
{27, 100000. There should have been
greater reductions in loans, but the
Southwest has not marketed a nor
NAL volume OF its harvests, owing
to the unwillingness Of many farm
ers to accept current prices. The
Southwest points with encourage
ment to the fact that it has necessi-
ties of life in the form Of crops
in great quantities which it can
employ sooner or later to pay of its
loans.
Revival of the War Finance Cor
poratiOn is not Lrouslng hopes OF
material help financially for the
Southwest. II the corporation sue
ceeds in raising credit for making
sales Of crops, il will benefit the
Southwest. but where will II OBJ
tain credit? And How much sup
port will be accorded it from Sec
retary OF the Treasury Houston and
the Federal Reserve Board, Of which
he is a member, in view Of HoUs-
tons opposition to that measure
More confidence is apparent in
favorable results from the operation
Of natural forces.
The Washington herald., 1921-01-12
METAL MARKET.

NEW YORK, Jan. ll.-MetaIs:
Copper. spot. January. February,
March, Ofd. l3ll; market quiet.
Tin (Straits shipments), December
January, 3S1za3sk; January Febru-
ary, 3S&4 a3S5.; February March.
March-April, 3S&s s4O; market irregu-
lar.
Lead. spot. January. February.
4.90 bid; market firm.
Spelter EAST st. Louis), spit, Jan
uary. February, March and April,
old. 5.55: market easy.
Bar silver. domestic, ssIz cents
unchanged; foreign. 55k cents, \
cent up.
The Washington herald., 1921-01-12
Especial to the Businsss Section Of wash
ineton Herald).

tnfton Hernld).
KANSAS CITY, Jan. 1l.-Money
markets of the Southwest are i'm
proving slowly, but rapid changes
for the better in the financial situa-
tion are not in prospect. Only a
reversal from the present compare
lively slow demand for grain, cot
ton, and livestock can effect rapid
Improvement. AS a result only slow
liquidation of loans is anticipated
by a majority Of bankers.
So far as the country and city
banks of the Southwest are con-
cerned their position is being i'm
proved to a degree by what is prob
ably the largest farm mortgage loan
business ever transacted at this sea
son in the Southwest. In cotton
areas II is said that ten farm mort
gage loans are being made today 10
one a year ago. 1t is less difficult
to obtain farm loans through the
farm mortgage market than from
any other source. Farmers borrow
ing on mortgages are not only rails
ing money in this way to meet
spring needs, but they are also get
ting funds which they are using in
many cases to liquidate short-time
loans at their local country banks.
This is helping the position Of coun-
try banks although ii is not reduc-
ing the indebtedness Of the South
west as a whole.
In the livestock market a sur
prising volume of buying Of this
cattle and other feeding stock is
being made possible through the
creation of new farm mortgages.
Farmers with feed are going into
the farm mortgage market for
loans after being denied credit by
livestock banks, local country banks
and cattle loan companies. Contin-
uation of such borrowings will help
to lessen the strain on the banks
of the Southwest during the spring
season.
The Washington herald., 1921-01-12
Larger Offerings of
Time Money Feature

NEW YORK. Jan. 1.-THE fea-
ture Of the money market TODAY
was larger offerings of time money.
which were not liberal. but were
more extensive than at any time
within six months. Business was
done at per cent on mixed Sc
curities for sixty and ninety days.
and at 7A per cent for the same
periods on all industrials.
The Washington herald., 1921-01-12
COTTONSEED OIL.

NEW YORK, Jan. 11.-A weaker
tendency prevailed in cottonseed
oil today, chiefly in sympathy with
a decline in cotton. Spots, S.70s
$50; crude (Southeast), 6.25a6,5o.
Futures: January. S.5OaS.95: Feb
ruary, S.S0aS.90; March, SS2aS.S4:
April, s.S5;aS.s5; May, 9.20as.22;
June. 9.20a9.4O; July, 9.4Oas.5O;
August, 9.45a954.
The Washington herald., 1921-01-12

CHICAGO, Jan. 11.-Hogs-Mar-
ket fairly active; mostly 35a4Oc
lower than yesterdays average.
Spots more on lights. Average cost
Monday, S9.3S; weight, 232.
Cattle - GenerS steady; Mon
days close.
Sheep - Fat lambs weak to 25c
lower; sheep strong. to 25c higher;
feeding lambs strong to Csc higher.
The Washington herald., 1921-01-12
Following are today's prices
CHICAGO LIVESTOCK.

Quotations furnished by W. B. Hibbs
Co., Members New York Cotton Exoh.nrel
The Washington herald., 1921-01-12

Total 1921 .$2I5,o3483o
Total 1920 .S2Io, 5o8,82o

The greatest INCREASE last in the of railroad
bonds maturing This total nearly $457oooooo
with last year This great increase due chiefly the
cent bonds on July The item responsible very
large total mauties Of $34o332635 the month of July
Copyright, 1921 gton
The Washington herald., 1921-01-12
THE BUSINESS REVIVAL

The revival Of business will be pre-
ceded by the revival Of public confidence.
We are passing through the economic re
adjustment made necessary by the war,
and the way changes are being wes sther-
ed is true cause for congratulstiOn. Al
ready some factors Of fundamental
sOundness are rsdistinT confidence as to
the gradual but assured recovery Of
business conditions.
II you would help in this process Of
recuperHtion, invest your earnings in eS-
sentiaI industries. Our First Mortgage
Notes IN Washington, D. c, real estate
should appeal to you because they are
safe offer a liberal return and are at
par every day Of the year.
SWARTZELL, RHEEM &
HENSEY co.
727 Fifteenth Street N. W.
Washington, D. c.
The Notions Home To5cn,
The Washington herald., 1921-01-12

HuVI. uons Iurnished by ", B. Hibbs a
So'' Members Of Chicago Board Of TradsS-
The Washington herald., 1921-01-12
FINANCIAL STATEMENTS. FINANCIAL STATEMENTS.
REPORT OF CONDITION
National Capital Bank of Washington

ton in the District Columbia
December
Evening star., 1921-06-11
:CONFEREES AGREE ON
$500, 900 ITEM FOR
BETTER WATER SUPPLY

The conferees on the Army bill to-
day agreed to the Senate amendment
providing 100000 to begin work .>n
an Increased water supply for the
District Of Columbia, it was learned
following meeting of the conference
committee. This amendment was intro
duced by Senator Sutherland of West
Virginia.
The so-calIed' Norris amendment
providing 100000 to begin work on
the proposed Great Falls water power
project. however. was resisted by the
House conferees. it is said. on the
ground that the item was not an
emergency item as was the water
supply item. and that it was not
properly in an Army appropriation
bill. The Great Falls project will be
stricken from the bill
The conferees made considerable
progress in adjusting the differences
between the two houses, although a
number of important Senate amend
ments were passed over for future
action. The conferees will meet again
Monday afternoon.
Evening star., 1921-06-11
Today's News
in Paragraphs

Placing Of body Of unknown soldier in
Capitol crypt proposal of D. C.
Legion. Page. /
Commission created by Smithsonian
Institution to promte national gallery
Of art holds meeting. - Page
Guards face 5000 about Jail where wife
slayer is confined. Page :
Greek lunchroom keeper shoots former
partner to death. Page ?
Far East republic protests presence of
japanese troops. Page 2
Bright winter considerations being re-
placed by faint summer stars.
Death from fall causes indictment for
manslaughter. Page Z
Lower street car fares seen a. assured
: for District. IL Page Z
Minority Zionists decide to hold, mass
conference. Page 1
Pueblo seeks prevention Of further
floods. Page Z
British miners likely to resume work
July 20. Page Z
Brishtwood citisens WIN urge paving
Georgia avenue. Page Il
Evening star., 1921-06-11
SECRETARY DENLY
ORDERS SIMS HOME,
REvOKES HIS LEAVE
NAVY Department Head Acts
Without Waiting for Ad-
miraI's Reply.
INSTRUCTED TO REPORT
IN WASHINGTON AT ONCE
Liner on Which Officer Has Al
ready Planned to Return Will
Re First Available.

Rear Admiral Sims leave Of absence
in England was revoked today by
Secretary DENLY and he was ordered
10 report at once to the Secretary OF
the Navy.
Mr.. Denby's action was taken with
out waiting for a reply from the OFF,
Ger to the Secretary's cablegram ask
ing whether he had been correctly
quoted as attacking Sim Fetn gym
pathizers in the United States IN
speech delivered in London this week
Admiral Sims had announced that he
would sail for home from England on
June Is. He was granted leave OF
absence to go abroad to receive a
degree from an English university.
The naval Secretary's cablegram,
sent today to the oficer said:
Remainder your leave revoked. You
will return to the United States i'm
mediarely and report in person to the
Secretary Of the Navy. Acknowledge.
Mr.. Denby's order was not expected
to expedite Admiral Sims return from
England. The liner Olympic. on which
the ofiicer already planned to return.
was the first available ship for the
trip when he booked passage.
Evening star., 1921-06-11
XANK;S BODY IN CAPITOL,
PROPOSAL OF D. C.. LEGION
Placing of Coffin of Unknown American SOL
dier, Who Died on French Battlefield, in
Crypt North of R6tunda, to Be Urged.

on Armistice day, November II, 1921"
The crypt at the Capitol originally
was designed and intended to hold the
body of George Washington. but the
plans were never carried out. To use
1t to enshrine the body Of an unknown
hero Of the world war. 1t was pointed
out, would add dignity and impressive
ness for all time to come. as has Eng
lands burial Of her unknown dead in
Westminster Abbey and the burial OF
the French unknown dead in the Arc
de Triomphe.
It was pointed out by members OF
the legion today that the carrying out
Of the proposal Of the legion for the
resting place OF the body would COM
mand more widespread attention and
interest than the selection of q site
in the National cemetery at Arlington
Following favorable action by the
national executive committee. the
whole force Of the legion win be
view Of obtaining the approval OF
Congress to the suggestion.
Evening star., 1921-06-11
LOST CH|[D'S BODY
FOUND MUHLATED
Little Girl, Aged 7, Throat
Cut and Abdomen SIashed,
Buried in Cellar.
Ry the Associated Press.

MOORESTOWN. N. j., June IA
vealed here today by the BURLINGTON
county authorities. when they an
nounced the finding Of the badly mutt
lated body Of seven-year-old Matilda
Russo. who had been missing since
last Saturday. The police are search
ing for Lewis Lively. a negro. thirty
five years old, in connection with the
killing of the child.
In the cellar of Lively's home. which
is within fifty feet of that of the
Russo family in East I'd street, East
Moorestown. The throat had been cut
and the abdomen slashed. According
to the authorities. the child had been
mistreated before it had been killed.
The body was found yesterday. but
the crime was not revealed by the
police in the hope of capturing the
murderer. Lively is employed in Phila-
town every night. Last night he was
seen in town. but has not been found
by the police.
Buried Under. Suspects Home.
The little victim was the daughter
of Michael Russo. a tailor. LiveIy's
family. consisting of his wife and five
year-old son. has been away from
home for more than a week. In the
hunt for the child County Detective
Ellis Parker directed Chief of Police
bradshaw of Moorestown to search
Lively's house While poking through
the dirt floor OF the cellar Bradshaw
found the body.
Lively's wife was found by the DO.
lice today and locked up in the Bur.
lington county Jail at Mount Holly. She
said she knows nothing Of the crime.
According to Parker. Lively's house
was searched because Of his apparent
nervousness when spoken to about
the search for the child during the
week.
The community Is aroused and ex-
ira precautions have been taken to
safeguard Lively when found.
Evening star., 1921-06-11
TEXAS MAY PUSH SUIT
ATTACKING THE |. C. C.
Questions ConsHtutiona1ity Of That
Body and Of the United States
Railroad Labor Board.

By the Associated Press.
AUSTIN, Tex. June 1.-THE Texas
attorney generals department an
nounced today that the Supreme Court
of the United States had granted its
request to file suit attacking the
constitutionality Of the Interstate
Commerce Commission and the United
States Railroad Labor Board. The
Supreme Court infosmed the depart
ment that subpoenas had been issued
to the two organisations requiring
them to appear before the court
The suit was filed June 6. the an
nouncement said.
Texas in the suit prays also that an
acts and orders Of the labor board
and Interstate Commerce Commission
be declared invalid and without force
Of law and that If any section Of the
transportation act of 1920 be held
constitutional. the remaining sections
be declared invalid
Evening star., 1921-06-11

Placing of the body Of an unknown
American soldier who died on a bat
tlefield in France in the crypt in the
Capitol. just north of the rotunda.
Is to be urged before the executive
committee of the American Legion at
its meeting at Indianapolis Tuesday.
Col. James A. Drain, department
commander of the District. and MEM
Der of the national executive commit
tee. is to present the proposal to the
national body. Col L. Lester Jones.
past commander of the local legion;
Kenneth A. McRae and j. Bentley Null
ford, acting as committee from
George Washington Post. framed the
resolution which will be presented at
Indianapolis next week.
The committees recommendation is
that the american Legion take imme-
date steps to bring from France the
body of one of our unknown comrades.
to be buried with appropriate services
in the Capitol building. in Washington,
Evening star., 1921-06-11
URGED MERCHANT MARINE.
Col. Ga1braith Was Deeply Inter.
ested in Ship Board Plans,

Endorsement Of the Shipping Boards
motion picture entitled. "America's
Merchant Marine" was given bv the
late Col. F. w. Galbraith, American
Legion commander. just before his
death. Col: Galbraith reviewed the
picture a short time ago.
The day before he died in an auto.
mobile accident Col. GaIbraith ii, "a
telegram to the Shipping Board said !:
The growth. maintenance and pros.
pert pes,ey =. OF Ian american shipping must
patriotic American citizen. The Amer.
lean Legion heartily subscribes to
the motto. Keep the Stars and
stripes on the Seven Seas the pre-
amble to our constitution pledges US
70 GOD and country. An adequate
merchant marine is a national assst
IN peace and a necessary weapon in
war" Az
Evening star., 1921-06-11
JURY COMMISSION FILLED,
:. Philip Hermann Selected as
Third Member.

J. Philip Hermann, Of House &
Hermann. has been selected by the
Justices Of the Supreme Court Of the
District Of Columbia a. the third mem.
Der of the jury commission. Mr.. Herr
mann is to serve out the unexpired
term of b. F. Shaw. who. resigned
The term expires next May. The
other members Of the commission are
Edward B. Eynon, jr., and J. Harry
Cunningham.
Evening star., 1921-06-11
DEGREE. FOR PRESIDENT.

NEW CONCORD. Ohio. June IA
degree Of doctor ofslaw awaits Pres
ident Harding at Muskingum College
here, It was announced yesterday at
the commencement exercises. The
degree will be conferred. it was said,
whenever the President can dnd time
to come to New Concord. President
Harding Is a graduate of Ohio Central
College, later combined with Mus
kiuGum,
Evening star., 1921-06-11
WOULD HAVE SIMS EXILED
Admiral Is Called "an Undesirable
Alienn in the House.

A resolution declaring Rear Admiral
Sims 'an undesirable alien" and deny
ing him readmittance to any Ameri-
can port was introduced in the House
late yesterday by Representative Cal
livan. democrat. Massachusetts,.
The resolution referred to Rear Ad-
miral Sims as - foreign-born citizen
of the United States. but now con-
nected. unhappily and unfortunately.
with the naval establishment Of this
country" On other occasions, it add
ed. he had publicly stated that in
case Of a war between the United
states and Great Britain one British
ship could easily dispose of four or
five American ships of corresponding
type" and it charged that -SimS has
publicly deprecated his superior Off
GERS in the naval establishment and
the character and quality of the gov
ernment Of this republic" ~
Evening star., 1921-06-11
NATIONAL TRIBUTE 5
PAID TO GALBRA|TH
Funeral of Legion Head Given
International Phase by
French Officers.
By the Associated Press,

CINCINNATI. Ohio. June 1i.-Not
since the funeral of Gen. Joseph Hook
er. Of civil war fame, which took place
In the '7os. has there been such mil
litary funeral cortege in this city az
that which will be presented as the
sequel to the services this afternoon
over the body Of Col Fred Galbraith.
national commander of the American
Legion. who was killed in an automo-
bile accident in Indianapolis Thursday
morning.
The funeral will be given an inter-
national phase by the presence of
missioner to the United States. who
was close friend Of the deceased
soldier. and Capt Levergne. air
attache of the French embassy at
Washington, who will officially rep
resent Ambassador Jules Jusserand.
The French officials arrived this
{norning. NJ Knecht was accompanied
~oy two French veterans, who will
carry the tri-color in the funeral pro-
|, cession. = 3
Trsbate F'rom Chateas rAiesry.
One of the most Impressive of the
palm. xround which viii be the tris
color. which will be placed on the
coffin. 1t is the tribute OF the city
OF Chateau Thierry, France. With
the palm will be card bearing the
inscription TO One of Our Bravest
Liberators, From the City of Chateau
Thierry."
The citizens of that city cabled to
NJ. Knecht to order the tribute when
they learned of the death of the COM
mander of the legion. Other arrivals
of the Navy Theodore Roosevelt, Col
T. NJ. Miller. alien property custodian,
and J. T. Taylor. vice chairman of the
legion,s legislative committee, They
came from Washington.
Ohio Omcials Attend.
Gov. Harry L. Davis OF Ohio. Adjt.
Joseph Tracey. all the members Of
the Ohio state supreme court arrived
to represent the state of Ohio at
the obsequies. Col. John R. McQuigg
of Cleveland. Ohio. departmental COM
mander Of the legion and a large
number of legionnaires from upstate
represent the Ohio department.
Franklin d'Olier. Philadelphia. past
national commander of the American
Legion; John H Emery. Grand
Rapids. Mich. vice national COM
mander. and Maj. Gen. George w.
commanding officer of the .5th Corps
Area of the United States Army. also
arrived early today.
In addition there were many dele
cations from Rotary clubs Of several
midwest cities. But probably the
greatest and most Impressive turn -out
will be by the citizens of this city.
Galbraith was so highly popular that
men and women from all walks of
life will be sincere mourners at the
services, which will be held in Music
Hall at pm.
Evening star., 1921-06-11
DECISION IS SWEEPING.
Kansas Supreme Tribunal Sustains
Industrial Court Law.

TOPEKA. Kan. June lin the
most sweeping decision yet handed
down affecting validity Of the Kansas
industrial court law. the state su-
preme court today affirmed the de-
cision of the Crawford county district
court sentencing Alexander Howat to
one year in jail for contempt.
The law was held valid on each Of
the eight issues raised.
Evening star., 1921-06-11
SIMS DISCHARGE ASKED
Metal Trades Department Of A.F.L.
Demands Recall.

DENVER. Col. June 1.-THE recall
of Admiral Sims from England and
his dishonorable discharge from the
United States Navy by President
Harding, If his remarks in London on
ine Irish question are found to be
correctly quoted, were demanded in a
resolution presented in the annual con-
>ention of metal trades department Of
TIE American Federation of Labor.
Evening star., 1921-06-11
Many New Functions.

The plans now projected provide for
reductions in the field service in
Washington from its present strength,
Of 1855 to about 2,ao0 between now
CONTINUED on Page 2. Column =
Evening star., 1921-06-11
WEATHER.

probably local thundershowers; con-
tinued warmer tonight. followed by
somewhat cooler weather tomorrow.
Temperature for twenty-four hours
ended at pm. today: Highest. SS.
at noon today: lowest, 81. at 6 am.
today. Full report on page 4.
Evening star., 1921-06-11

CONTINUED on Page ?. Column -
Evening star., 1921-06-11

1he Associated Press 10 sxciuivsay entitled -
the use for repsbaieatin Of an aews Dispatches
credited to 1t OF not otherw!fs credited IN this
paper and also the local news pshlishsd herein.
AL rights Of publication Of spseisl
Dispatches herein are alse reserved