davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-03-31
WHEAT PRICES DECLINE
MORE THANFLO OUR ATRETAu
Relative Prices of Wheat, Flour and Bread
Now Closer Than in Years. e..
CBy tn. washington Heraid'. Econon,.t.,


the relative price of wheat either
to the producer or at wholesale. A
considerable portion Of this present
relative difference IL due to the. in
creased cost of labor. manufactur-
ing, freight rates. etc, after the
wheat leaves the farmers hands.
These factors are bound to increase
the differential between the price
to the producer and the price to the
consumer.
From this point of view II does
not appear as II present retail prices
were out of line with prices at
wholesale or to the producer. sOn
the other hand. there has been a
very much greater relative decline
in wholesale and producers. prices
than in retail prices. Last July the
relative retail price Of bread was
only 213 compared to 323 for -four
at wholesale: 314 for wheat at Chi
cago and 303 for wheat to the
farmer. The decline in wholesale
and producers prices has amounted
to from 40 to 4s per cent below the
high point reached in 1920 while the
retail price OF -four has dropped 26
per cent and of bread only IL per
cent from. the corresponding point
II the retailer and baker could make
a profit with wheat selling in Chi
cago at 1928 per bushel and -four
at $3.50 per barrel Wholesale. they
ought to be making a much greater
profit now with wheat at s1.s8 pei
bushel and flour less than $500 per
barrel wholesale.
The whole question as to why re-
tail prices have remained at a much
lower relative level than wholesale
prices during the war needs more
careful study than II has yet receiv-
ed. Retail and wholesale relative
prices are much nearer together
now than they have been a. any
time since 1915.
Copyright, 1891, BY Washington Heraid,)
The Washington herald., 1921-03-31
METAL MARKET.

NEW YORK. March 3o-copper.
spot. March. 12lsaISL: April. lessa
I3S May. June. I2%a1S% market
firm.
Tin CStraits shipments). March
April. April-May. May-June. s9ls a
30: market dull.
Lead. spot, March. April and May.
offered 40; market quiet.
Spelter CEast st. LOUISE. spot,
March, April. 40: market dull
The Washington herald., 1921-03-31

NEW YORK, March 30.-A coun-
try-wide campaign has been inau-
gurated y the National Association
of Credit Men to coordinate the In
terests OF exporters for the purpose
of obtaining concerted action In
dealing with the numerous demands
of foreign importers. particularly
by those located in Latin American
The Washington herald., 1921-03-31
REPORTSCARRIER
DEFICIT sl,l67,SOO
DURING JANUARY
/. c. C. Figures Denote
Loss, According to
Rail Heads.
THIS MONTH is BAD
109 Out of 202 Roads Fail to
Make Expenses and Taxes,
Report.

Tabulations of reports received
by the Interstate Commerce Com
mission from the railroads of the
United States show that the carriers
in January suffered a deficit OF
s1.1sT 500" according to the Asso-
citation Of Railway Executives, while
I0s out of 202 railroads reporting
to the commission failed to earn
their expenses and taxes. compared
with IS In December.
Fails by 1o2 Per Cent.
AS a result of this deficit." says
the association, "the carriers failed
by s6s.43s. 500. or approximately 102
per cent. to earn the amount which
II was estimated they would earn
under the increased rates fxed by
the commission in accordance with
the transportation act. Under this
act. rates were to be established sc
as to yield to the carriers a return
of s per cent on their tentative val
uation fixed for rate-making pur-
poses by the commission. Inasmuch
as the roads had a deficit, II 4:
manifestly impossible to compute
any rate of return on their valua,
tion.
OF the 1os roads that failed
to make expenses and taxes, forty
hve were in the eastern, sixteer
in the southern and forty-eight
in the western districts.
Total Operating Revenues.
Total operating revenues for
January, s4sS,s34. 900, or an increase
of 5 LIS per cent over those for the
same month in 1920. while total op-
Grating expenses were s442.474,000
an increase of s as per cent over
those for the previous January. The
net railway operating income, how
ever. was .decease of 1905 per cent
under that for January. 1920. but
applicable to 1913, and 1919 is not
included.
''of the total operating revenues
for January. S323.5S6, 900 were de-
rived from freight traffic, or an in
crease of only 4 is per cent COM
pared with those for the previous
January, despite an increase in
rates effective last August approxi-
mating 30 la per cent Passenger
revenues for all the carriers totaled
S105247.000. or an increase of only
Il as per cent, compared with those
for the corresponding month last
year. An increase of 20 per cent
in passenger fares also went into
effect last August. The small per-
centage of increase in freight and
passenger revenues, however, is due
10 Ire fact that business during the
monln fell of. the net ton miles
for freight decreasing approx
mately l4.7 per cent. and passen-
ger miles approximately 6lz per cent
compared with January, 1920"
The Washington herald., 1921-03-31
EXPORTERS PLAN TO HALT
UNREASONABLE DEMANDS
Natl Assn of Credit Men Inaugurates Nation
Wide Drive For Better Policies.

countries, for outright cancellation
Of orders. indefinite extensions and
unreasonable discounts.
Tregoe Discusses steps
"A number Of such requests to-
day." said r. B. Tregoe. Director Of
the Foreign Department. 'are
prompted by desperate necessity and
should be given earnest considera-
tion. On the other hand many Of
these importers undoubtedly visual
ize United States exporters as pos
sessing inexhaustable capital and in
consequence assume that the grant
ing of a wears extension or of SO
per cent discount entails no greater
concern than the mere stroke OF q
pen.
Merchants making such demands
in many cases have found them
selves with a stock of high-priced
merchandise on their hands which
has to be paid for at a deprecated
exchange rate. The tendency to fol-
low the path Of least resistance be-
comes irresistible, resulting in an
endeavor to place the entire burden
upon the shoulders of the exporter
whose wealth is supposedly un-
/ limited.
sooner the BETTER.
The sooner foreign buyers are
brought to a realization Of the true
! state Of affairs the better il will be
for export trade. u is only right
and proper that our exporters should
lend whatever assistance possible
1 80 hi htaN 20 IL
entirely out Of order that they
should be consistently imposed upon
"A demand for a broad conces.
sion when received individually by
an exporter usually constitutes q
matter of considerable puzzlemen'
as to a proper method Of procedure
! The recipient may feel convinced
that the demand is unwarranted but
in the absence Of data as to the ac'
tion Of other creditors there is lit
tie or no foundation upon which e
base a decision.
( Cooperation Only Solution.
! The most logical solution Of thi'
/ problem is cooperation on the par
Of exporters in considering the mat
ter carefully and then asserting
| their rights. The moral suasioI
! eXerted by such methods is produc
tive Of surprising results.
The Foreign Credit Interchsng,
! bureau Of the National Association
OF Credit Men, which is co-opera
tive. mutual and non-profit max
ing. is supplying the facility 70
making this concerted action pos
sibIe by means NJ its files of Iso. 90
, foreign names with a record o
members selling each Of these for
/ eign accounts.
/ a participant in this activit!
Immediately advises the bureau .
a cancellation. unjust claim or un
warranted demand Of foreign Gus
: toner and Immediately all othe
members selling the account ar
notified, thus surprising the mean
for those interested to consider
single and united plan IF action"
The Washington herald., 1921-03-31

Per cent de-
crease from
high point Of
led. ~ IS Al % II .
A comparison of these figures
shows that in February the retail
price of both flour and bread were
relatively lower than the wholesale
price of flour. Compared with 1913
the wholesale and retail prices OF
-four and the retail price of bread
are considerably higher now than
The Washington herald., 1921-03-31

(Furnished By ". B. Hibbs q Co.,
N. Y. Cotton Exchange, !
The Washington herald., 1921-03-31

for outright cancellation
of orders. indefinite extensions and
discounts
The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1921-06-01
JASPER FARMERS
ABANDON COTTON

Ridgeland, May 2S.-Jasper coun-
ty farmers are no longer depending
u2cn King Cotton" for living.
This wear there are not over 100
acres, if that amunt, planted in cot
ton throuhgout the entire county,
for the farmers have learned well
the lesson that the boil weevil and
low prices that if they are to make
"a living they must tgrn to other
crops. AS result truck farming is
claiming the farmers attention,
many acres of truck having been
planted and already marketed.
Watermelons are looking fine and it
now appears that shipments can be
made by the first OF July which Will
be about two weeks sooner than
usual. The sweet potato crop is the
largest being planted, several thou
sand acres having been planted this
year by local farmers. Already a po-
tato curing house has been erected
with 10000 bushels capacity. The
farmers as whole have little ready
money but practically owe none and
having learned to live at home are
in better condition as whole than
ever before in the history of Jasper
county. If Investigation of crops
make progress in the next year as
rapid as it has in the past, 10 see
COTTON growing will be curiosity in
this section of the state.
The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1921-06-01
NO HOPE FOR RUSSIA
FOR DECADE TO CONE
EVEN IF REDS FALL

Riga, May 28.-Even were the
Russian Bolshevik regime to COL
lapse Immediately, the dream Of a
new, united Russia is impossible of
realization for decades to come, in
the opinion of political students,
government officials and business
men in the three Baltic states, es-
thonia, Letvia and Lithuiana, having
diplomatic missions at Moscow. All
agree that the fall of the regime
headed by Lenine will be followed
by long period of anarchy.
The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1921-06-01
SEVERAL. MILES OF
STRINGY SPAGHETTI
FOR CARUSO

New York, May 27.-Several
miles of spaghetti for the personal
use of Enrico Caruso and his party
have been placed on the steamship
President Wilson which will sail to-
morrow for Italy with the famous
tenor an board.
Caruso is not carrying coal to
New Castle" for there is reported
shortage of spaghetti in his home
land.
The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1921-06-01
MASTERS SALE
The State of South Carolina,
COUNTY OF ABBEVILLE,

The State of South Carolina,
COUNTY OF ABBEVILLE,
Court of Common Pleas.
". 4. LEE, Plaintiff,
against
BIKE KUSTAS ct al, Defendants
By authority of a Decree of Sale
" the Court of Common Pleas for
.4bbeville County, in said State, made
il the above stated case, I will offer
for sale, at Public Outcry, at Abbe-
Vile, C. H., s. c., on Salesday in
Jure. A. D., 1921, within She legal
hours Of sale the following described
land, to wit: All that tract or parcel
of land situate lying and being IN
the City of Abbeville in Abbeyille
County, in State aforesaid, bounded
byspring St., lot of Charlie Hurst,
Spring street, lot of, Charlie Hurst,
Livery Stable, lot of Mike Kustas,
and lot of G. A. Neuffer and G. E
Calvert, and being part Of the Dem
Els O'Neill property, bought by
Mike Kustas from J Allen Smith,
and having building thereon known
as the Greek Hotel.
) TERMS OF sALE-CASH. Pur-
chaser to pay for stamps and papers.
THOS. P. THOMSON,
& 1s-3t. Master A c, s. c.
The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1921-06-01
PASSING OF DEFLATioN CRISIS

New York, May 28.-According
to figures which have been submit
ted to the federal reserve agent here
the dollar in your pocket is worth
just thirty-one cent more than it was
a year ago if you use it to make pur-
chases in a department store in this
territory.
Forty-two leading department
stores in and around New York have
submitted comparative price lists to
the government, showing reductions
as compared with May, 1920, which
range from Is to 48 per cent.
The figures are regarded as an
other evidence of an early return to
nomal conditions and prewar pros
perity, though financial experts
doubt that the low level of pre-wal:
prices which prevailed in 1913 will
ever be reached Again.
Further retail reductions are ex-
pected to come gradually. Raw ma
terials have dropped in many cases
over 100 per cent, but labor cost is
only now beginning to show light
reduction.
The manager of the largest de-
partment store in New York COM
menting on the report of the federal
reserve agent, said today:
"The so-called crises of deflation
has been safely passed. Secretary of
Commerce Hoover has already point
ed this out. The lowering of prices
is a healthy, normal sign, pointing
to general prosperity.
l believe that wholesale prices are
down slightly more than 80 per cent
as compared with this time last year.
You will understand that my opin-
ion is conservative If you look on
other figures. The U. S. bureau of
labor has set the reduction at about
3S per cent. l believe the federal
reserve board has suggested Al per
cent.
although retail prices were
never as high in proportion, as whole
sale prices, they have dropped on an
average more than thirty per cent.
professor Irving Fisher of Yale
has pointed out that we will p!ob
ably never go back to pre-war prices
Generally speaking, pr'ces in the
United States are now approximate
ly only so per cent higher than in
1918, while in Canada, Great Bri-
tain, Australia and Japan they are
said to be nearly twice as high. In
France, I am told they are three
times as high, and in Italy six
times.
do not think there will be any
further material reduction in either
wholesale or retail prices Of COM
modities sold by department stores
until labor costs are lowered if there
is a general reduction of wages,
prices will unquestionably go some
what lower, but I think it seems fair
to assume that prices are now near
ly stable level"
Here are some of the actual reduc
tions in prices, comparing the re-
tail figures in May, 1920, with those
of today, on goods of identical quail
ity and desirability, and showing
how much further your dollar will
now go:
Women's suits, reduced "a per
cent; Mems suits 80 per cent; wom-
ems millinery 80 per cent; women's
cotton hosiery 27 per cent; women's
silk hosiery IS; silks and satins 4S;
cotton dress goods 43; woolen dress
goods SO; women's shoes 43 per cent
mems shoes S8 per cent; children's
The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1921-06-01

Roads made of glass have been
suggested for permanent wear.
Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1921-12-07
Age-Old Quarrel Is Settled
With Signing of Pact by
Sim Fein and British
ISSUE is UP TO ULSTER
Erin Will Be Divided Should
North Ireland Turn Down
Latest Agreements

LONDON, Dec. 6. - (By the Asso-
ciated Press.) The centuries-oId
quarrel between England and ireland
was ended in the small hours of
Tuesday morning by the signing in
the premier's cabinet room of
treaty between Great Britain and
ing Ireland the title Of ::the Irish
rlonai 9axus as Canaos, Ausrraaa
and other overseas dominions.
The question of alieg,aAce. winch
had threatened to wreck the negotIa-
tions, was surmounted by permitting
members of the Irish parliament TO
swear allegiance to the constitution
of the Irish Free State and ''be faith
full to His Majesty, the King"
The treaty has to run the gauntlet
of the Ulster government and the i'm
perial parliament. which nas oeen
summoned to meet December II. Ap-
proval by parliament is a foregone
conclusion. The position of Ulster is
less certain. Evidence comes from
Belfast that the traIy will be sub
jected to the most searching examin-
alton and many notifications may be
proposed.
The king fastened to send the pre-
mier telegram congratulating him
on the success of the negotiations.
1 The treaty was signed by all men,
bers of the. Pftisha nd rIrishs delega-
tens participating, the Irish dele
gates signing their Gaelic names.
Religion Not Considered
Ireland is treated as sl.sIe rsi-
tity in the treaty, with special clauses
providing against the possibility that
Ulster should refuse acquiescence in
CONTINUED ON PAGE THREEl
Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1921-12-07
DEMOCRATS IN
HOUSE ATTACK
HARDING TALK
President Flayed For Scant
Attention to Legislation
To Reward Soldiers
COP. DEFENDS LEADER
Mondell Declares Presidents
Message Pledges Cooper
alton With Congress

WASHINGTON, Dec. 6.-Quick re-
action to President Harding's message
was evidenced in the house during an
afternoon of rambling debate.
Urging prompt passage of soldier
bonus legislation, Representative Gal
livan, Democrat, Massachusetts, de-
clared the men who won the war re-
ceived but 'scant attention" in the
message.
Representative Huddleston, Demo-
crat, Alabama, asserted that the pres
ident, in his attitude toward labor,
had learned nothing from the past"
but proposes to hold on to the old
system, the old struggle between the
employer and the man who works for
him.
Representative Mondell, Republican
leader, was quick to reply asserting
that he had never heard so many Eek
travagant and misleading statements"
Mondell charged that the Alabama
member had misrepresented the pres
ident's position and had made it an
pear that Harding had gone out of his
way to express views ,unfavorable to
labor -, :.
one of conviction and full of frank
ness and candor," Mondell said that
throughout it ran spirit of cordial
co-partnership and cooperation with
congress-"
While Representative Garrett, Ten
nessee acting Democratic leader, did
not discuss the message on the floor,
in formal statement he declared it
was wholly lacking in force" and that
there was nothing of leadership or in
the nature of an appealing call in it.
"The presidents attitude upon the
question of giving the notice as to
abrogation of commercial treaties re-
quired by the Jones shipping act, is
at once commendable and laughable,"
he said. "As a senator, he twice voted
for these provisions. AS candidate
for president he did not hesitate to
make insinuating criticism against
Mr.. Wilson because the latter stated
he would not give the notice. AS pres
ident, he acknowledges he was wrong
in his action as senator and is content
TO toe the mark of Mr.. Wilson's
tracks"
Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1921-12-07
WITNESSES SAY
GARDNER ACTED
AS Tho INSANE

PHOENIX, AriZ., Dec. 6.-The pros
ecution today completed presenting
its case against Roy Gardner, escaped
convicted mail robber, accused of rob-
bing United States mail car at Mar
icopa, Ariz., on November 3, and the
defense had offered nearly all of its
evidence except that to be given by
alienists when the United States dis
trict court here, where Gardner is be-
ing tried, adjourned tonight.
The prosecution relied entirely on
circumstantial evidence to convict
Gardner. A number of witnesses were
introduced today. including postoffice
inspectors and the nrorr'otor of the
rooming house where Gardner Ii
here. The defense is relying princi-
pally upon its plea of insanity.
Mrs. Gardner, her brother, Robert
Nelson, of Modesto, Calf, Mrs. Mary
F. Gregg, of Mesa, Ariz., a cousin of
Gardner, Louis Sonny, policeman. of
Centralia Wash, who captured Gard
ner after one of the latter's escapes;
H. Clarke, who was in San Quentin
California, penitentiary when Gardner
was a prisoner there, and others tes-
titled for the defense that Gardner
sometimes had acted queerly, that he
had a poor memory and that frequent
ly he would laugh Historically without
apparent cause Clarke told of spells
Gardner had in prison when he fell
down and frothed at the mouth.
Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1921-12-07
Harding Proposes Industrial Court
Senate May Soon Take Hand
In Plan For New Alliance
With Japan, England, France
Proposed Treaty Governing Far Eastern Affairs Drawing
More Attention in Washington Than Any Other Issue
Yet Involved in World Armament Conference

WASHINGTON, Dec. 6.-(By the
Associated Press)-The effort to find
an acceptable substitute for the An
glo-Japanese alliance has so diverted
attention of many arms delegates as
to throw even the question of the ma
val ratio temporarily into the back
ground.
Both the Japanese and the British
have shown a desire to include the
United States in any entente that may
replace the alliance and tentative
treaty draft under consideration by
some governments concerned would
provide a quadruple arrangement, al
so including France.
What may have been the attitude
of the American delegations in the
behind-the-scenes developments, re-
mains a mystery. Taking the position
that no entente suggestion is formal
ly" before them. the Americans refuse
to discuss publicly American partici-
patton in a Far Eastern agreement.
In the absence of a formal indica-
tion of the American viewpoint, the
impression is gained by the other del
egates that the Americans are feeling
their way cautiously as they seek to
ascertain what course would be in ac-
cord with American opinion.
Recognizing the senate's claim to
partnership in the shaping of interna-
Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1921-12-07
MORE COLORADO
MINES SUSPEND
Six Coal Properties Closed
Yesterday; Lack of Orders
Is Given AS Reason

wALSENBURG, Colo, Dec. 6. -
(By the Associated Press)- CLOSING
down of the larger independent coal
mines in the southern Colorado field
continued today. Six mines were
shut down upon company orders dur
in" the day.
The Brennan, employing about 65
men: the Gordon with about 95, and
the Oakdale with a normal force of
about 200, were idle this afternoon.
and companp Officials said they
would remain so indefinitely. The
Delagus, Case and Thor mines, In
Las Animas county, employing q com
bined force of about 700 men. closed
this morning on account of lack or
orders, according to their owners.
The Hazron mine. employing about
so miners. closed yesterday, it be-
came known today.
Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1921-12-07

tional agreements, Secretary Hughes
and his colleagues are said to be soli-
citous that the sentiment OF the trea-
ty-ratifying branch, as well as that of
the executive, shall be taken into ac-
count.
These considerations are being
weighed carefully by the foreign del
egates who desire to have the United
States a party to the next Far East
ern concert of nations.
Meantime, some clue to help solve
the riddle may be given by the senate
Speculation as to what course the ne
gotiations may take is growing among
senators and several have indicated
they might seek in senate debate to
bring the question of an entente more
conspicuously before the house.
Naval ratio negotiations still are at
a standstill while the Japanese dele
gates await word from Toxic. The
fun committee of the whole on the
Far East will meet again tomorrow
after recess of five days.
In the five day interim, the formal
activities of the conference have been
confined to meetings of the sub-com-
mittee on drafting of resolutions and
to conversations of the Japanese and
Chinese regarding Shantung. Both
the draft committee and the Shantung
group met today but neither reported
material progress.