davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-06-08
Representative Keller Urges
City Ownership of Car Lines

Municipal ownership of Washing
toms street railway systems was
advocated yesterday by Represent
ative Oscar E. Keller. of Mime
sofa. before the house District COM
nittee of which he is a member.
This plan would reduce car fare
to 6Iz cents. Keller said. and to 9
cents straight with the adjustment
of taxes Keller recently intro
duced a comprehensive bill in the
house providing for government or
municipal ownership.
other plans for reducing carfare
Keller picked to pieces in straight
from-the- language. He
said Commissioner Oysters plan
was simply an effort to increase
rates. to help for mismanarement
and characterized IL as ridiculous"
Attacks Woods Proposal.
He said the plan Of Representa-
tive Woods, Of Virginia, to bring
about a consolidation of the Wash
incton Railway and Electric COM
pany and the Potomac Electric
Power company would be no in
duCement to effect merger be-
tween the combined companies and
the Capital Traction company since
both would be guaranteed a fair
return on their investments.
They should not be merged. he
said for the sake Of taking excess
profits from the power company
and using them to help out mis-
managed street car company" each
getting its return.
He declared the Washington Rail
way and Electric company had al
ways been unfair to the Washing
ton public and did not deserve fair
trRn ntncnt at its hands
The provision. however. guaran-
teeing a fair return on the invest
n1ent would preclude the adoption
Of. the plan to put the Capital
Traction company on scent tAre,
thus forcing the Washington Rail-
wsy and Electric company into
bankruptcy. he said.
Refers to Loss of Power.
The proposal for the government
to buy the rights of way and lease
them to the traction companies was
dismissed by Keller as impracti-
cable and involving endless contro-
yersy between the government and
the companies over repair work to
the rosdbed.
utCldEtu lS d
terious loss of more than one-fourth
of all the power generated by the
Potomac Electric Power company,
and that some Of the power sold to
the W. T. & f. is being used IN
Baltimore.
Havin" -~sch of, all other plans
to briU dUced car fare to
washiH Keller declared the
only alt"s. ,.ye is a monopoly. and
that since monopolies are great
temptations for exploitation in pri-
vate hands it should be made a mu-
nicipal monopoly.
His plan, he said, contemplates an
Immediate lower fare. an improved
service, and eventually taking over
Of the power plant, which would
make possible electric power dis
tribution in Washington at a scent
rate.
The Washington herald., 1921-06-08
WHEAT CONTINUES
ERRATIC TREND
Crop Experts Differ on Out
look; Kansas Returns Show
Improved Tone.

CHICAGO, June Wheat mar
ket continues to fuctuate in most
erratic manner. Lowest prices
were made carly and the highest
around noon. Houses with eastern
connections were free buyers of
July on the early decline. and were
again on the buying side on the
way UP. Local sentiment was rather
bearish early with reports of for
eigners offering to resell and on
claims that harvesting had started
in southern Kansas and Missouri
Later, however, Baltimore claimed
there was active export demand for
wheat despite the decline in foreign
exchange and with the persistent
buying caused the advance to the
high point. Crop experts who are
out in the field including Snow,
IngIis. Cromwell and Lecount are
sending mixed reports as to the
outlook. but the general run of re-
turns from Kansas show improve
ment with a tendency upon the part
of Kansas City houses TO raise the
estimated yield for the state. Gov
ernment reports will be given the
trade at lis p. m. Chicago time,
tomorrow. premiums on CASH
wheat here were firm with No. red
sold at - cents over the July. the
southwest and west sold July and
bought September. LecoInt esti-
mates the winter wheat crop at
55S. .000. 600 bushels
Corn and oats averaged lower but
when wheat rallied coarse grains
recovered a good part of the early
decline. Trade was not large. and
country offerings remain small. A
good part of the receipts of corn
and oats are being applied on TO
arrive contracts. Charters were
made for l.250,o0o bushels corn to
Montreal and 100000 bushels 10
Buffalo and liberal shipments from
here are expected this week. Crop
reports on corn are very favorable.
The Washington herald., 1921-06-08
COTTON MARKET
STEADY AT CLOSE
Absence of Selling Pressure
And Better Liverpool Tone
Bright Features.

NEW YORK, June THE local
cotton contract market was not af-
fected to any extent by the further
sharp decline in the general stock
was to be done among local and
Wall street traders on this ac-
count and the break in foreign ex-
change appeared to have been ac-
complished yesterday. There was
then a good deal OF pressure with
the market showing a maximum le-
cline of 20 to IS points and rally
ing to 10. Today there was nu
great amount of selling pressure
although the stock markets fur
ther slump had a very unsettliag Z
influence among local trade, and
Wall street commission houses
The Liverpool market showed a
surprisingly better tone notwi.h-
standing the absence of any def
mite developments looking to .he
British coal miners strike being
ended this week. or for a settle.
ment of the labor trouble with the
cotton market operates and mas
ter spinners' association over ths
new wage scale the latter have in
sisted upon putting into effect fror
yesterday morning for a reduction
of 30pe cent as against only 12h
the labor union leaders for the mill
operatives are willing to conce1e
Middling cotton at Liverpool wa
advanced 16 English points th!:
morning to the present basis d
7.61d per cent with the spot sales
but 5000 bales, while futures CLOSED
firm at to = points net advanc,
on the day against what SHOULD
have been unchanged to decline Il
have met out closing prices of yes
terday.
This brought some of the Liver
pool houses here into our market
as fur buyers of contracts on th'
opening. This demand, together
with some moderate buying by
several of the large spot house:
and the absence of any further sell.
ng pressure from Wall street in.
terests, turned prices, up in &
gradual way to a maximum ad.
vance of 40 points on July con,
tracts to 2S and so on October and
DeCemDtT ana OH7 JStHuat
from yesterdays closing quota.
tions. July went up to 1884 on this
recovery; October 13.43; December
1886. and January to about 1880
Later the market fell back about
10 to Is points from those quota
tions, mainly on some fresh south.
ern- selling and local profit-takins
in the last hour. The weather con-
ditions throughout the cotton belt
continue in the main satisfactory
with some good scattered showers tt
Oklahoma, Texas, Arkansas and
Louisiana of a beneficial character
for the new crop.
The weekly government weather
and crop bulletin on the weather
conditions Of the past week due al
noon tomorrow ought to be the best
of the season. Southern spot mar.
kets were steady today with prices
at some places up 10 to 20 points
Export clearances of cotton re.
ported up to 2 o'clock today were
only 6,402, bales, with today's port
receipts $4,000 against 32,7Ss last
week, Sass last year and 2S.7S:
LaIas N 1910
The Washington herald., 1921-06-08
TRADE STATISTICS SHOW
BELGIANP PROGRESS IN 1920
Advantage of Commerce Figures for Volume
AS Well AS Value Clearly Shown.
(By The Washingtol


Statistics recently published by
our department of commerce give q
review of Belgian foreign trade for
1e19 and 1920. The figures them
selves. while important as showing
the progress Of reconstruction in a
war-devastated country, are Of par
ticular interest as to the form In
which they are presented. Belgium
is q country which employs the me-
trio system in all of its statistics.
Quantities of practically all COM
modities are reported as well as
values. The quantities are In kilos,
quintals and metric tons, all Of
which by a simple movement OF the
decimal point can be converted into
single uniform measure of guam
tity. One metric ton. which is
equivalent to. 2.204.6 pounds avor-
dupois. is equal to 1000 kilos or 10
quintals- As a result of this sys-
tenn 1t is particularly easy to ex-
press the total physical volume of
the country's foreign trade in units
which are entirely independent of
price and exchange fluctuations.
One of the things which is par
ticularly needed in our own trade
statistics is more measure of guam
tity and particularly measures
which can be converted to COM
mon unit. To get the kind of in
formation given in the following
tables from our own trade statis-
tics would require weeks of work
and then the results would be only
partial and approximate.
The effect OF using tonnage in
place of value as a measure of for
eign trade is shown in the follow
ing table:
The Washington herald., 1921-06-08
Herald EcOnomist.)
BELGIAN FOREIGN TRADE.

On a tonnage basis imports into
Belgium in 1920 were 152 per cent
greater than in 1919, while in terms
Of value they were only ia per
cent greater. Exports increased SO
per cent in tonnage but 2Se per
cent in value.
In actual physical quantity i'm
ports in 1919 were 6S.7 per cent of
the exports. while in 1920 imports
were 113 per cent of the exports
In terms of value exports were
smaller each year. the ratios being
22S in 1919 and 1913 in 1920.
These figures show how i'm
portant It is to have both quantity
and value stated. In 1919 Belgian
imports exceeded exports in value
but in physical quantity the re-
verse was true. Both phases of the
trade statistics are necessary for q
complete understanding.
The following table gives a sum-
mary of Belgian imports and ex-
ports by large groups Of commodi-
ties:
The Washington herald., 1921-06-08
FARMERS EXPECT !.
HIGHER PRICES
FOR GRAIN CROPS
Labor Army Forms In
West to Harvest Ma
tion's Wheat.
TARIFF WILL HELP
Oklahoma Ready 10 Gather
Winter Wheat; Kansans
Plan Cooperation.

An army of 100000 farm hands
now is forming In the middle west
ern cereal belt to harvest the ma
tion's crop of wheat and other
grains.
With prices rising. foreign com
petition throttled down by q high
tariff barrier. wages near prsssr
levels and crops forecast larger than
last year by the agricultural derlrt-
ment. farmers of the United S9tes
count a good year in prospect .
Labor more PIentifuL
Farm labor is more plentiful Dian
in years. according TO reports tosthe
agricultural department. And -cir-
cumstances seem auspfcious to-en-
able the nations farmers TO lift
themselves out of the financial and
moral depression into which Ahey
were plunged last fall by Dropping
prices for their products and rfsing
prices for their supplies. This sm-
mer's harvest, IL is hoped. wilL-lift
farmers out the ruck OF extNme
deflation of their business. winch.
according to Secretary OF Agrtul-
ture Wallace. has reduced the fSm-
ers' buying powers by 80 per een
wheat Likely TO Anv.see.s
Wheat for which farmers row
receive an average of sl.l0 Sper
bushel will go TO higher levels
during the summer and fall. nm
cisls forecast The emergency lar
in law is expected TO sccomnlish
this. Other factors are lowesn ns
freight rates and Increased buying.
The winter wheat crop wilt be
5l.OO0.eOO bushels greater than dat
Of 1870, according to a. forecast by
the agriculture department. The
crop. at the last report. was fcre-
cast at 6ss.Ooo. 900 bushels. last
years crop was 577.70o.0 .00e bushels
Harvesting Of the winter wsest
will begin in a few days in themad-
die western belt.
Plan Ce-eper.tive SELLING.
The harvest opens in Oklahoma.
II is there that the great army OF
farm hands will begin the attack
on the grain. As the Oklahoma crop
is put under cover the army Of hsr-
vesters will move northward into
Kansas. then pass through the Da-
kotss and finally into Montana
In Kansas farmers are forming
pools through which they plan 60
sell their wheat at what they call
"a fair price" Kansas farmers last
fall demonstrated their ability TO
cooperate in selling movements OF
this kind. Wheat buyers fear the
movement will be effective.
The Washington herald., 1921-06-08

These figures show clearly much
of the progress that Belgium has
made towards recovery. Imports Of
raw materials were nearly 3 times
as great in 1920 as the year before,
while exports of manufactured
goods increased nearly four times
in volume and not more than FIVE
times in value. Belgium's principal
foreign commerce is with Argen-
tina. Belgian Congo. France. Ger
many. Great Britain. Netherlands
and the United States. In 1919 about
is per cent of Belgian imports by
volume came from the United
States Last year this percentage
dropped to about 9 per cent in VOL
The Washington herald., 1921-06-08

OF such sharp reduction was
raised, but the street was too full
of enthusiasm 10 entertain the idea
for minute. The estimate was
lowered later to maximum of
Is per cent, and on June 1 the
actual findings of the board placed
the reduction at something like
12h per cent While that was less
than the financial community de-
sired. there was some consolation
In what the street considered al
most positive assurance that the
unions would accept the cut without
a murmur. The same observers who
secuted the idea of labor trouble a
month ago are now the first To yield
to fear over the outsome OF the
forthcoming referendum. For the
time, traders are overlooking the
old maxim dealing with the In
advisability of selling stocks on
strike news.
Less than three weeks ago-on
May 1s-New York Dock completed
a sensational advance which car
ried the price up to 80. Today Il
sold down sharply. touching 2sh
before midday. II was quite gener-
ally conceded during the first half
OF last month that a strong clique
was operating in New York Dock
These operators succeeded in ac-
quiring scattered following
among traders who were promptly
left to- shift for themselves when
the price reached SO. II was re-
ported at that time that certain
New York politicians were buying
the stock. The stock sold as low
as sos early this year.
Things move quickly in the mar
ket community these days. Before
the market opened yesterday. and
during more than half OF that ses-
sion. traders following the con-
structive side felt better about the
prospect of a turn. They were not
enthusiastic. by any means, but
simply more hopeful. Today the
street was as bearish as Il has been
at any time since the early May
forward movement came TO an end.
The strangest part of the whole
situation was that no one seemed
able to point to a definite reason
for this impairment of sentiment
The weakness Of foreign exchange.
the talk of trouble with railroad
workers, the declining tendency OF
oil prices-these were claimed as
contributing factors. but there was
nothing in them that should have
caused surprise of which was not
possible TO anticipate toward the
close of last week. Floor traders
are observing the actions OF certain
well-known bear operators for a
clue to the fundamental reason for
the decline. In other words. many
look upon this selling as purely
speculative.
There are many traders on the
outside who know definitely that the
selling late yesterday and during
today's session was not entirely for
the short account. The reaction yes
terday afternoon was shifty enough
to encompass a large volume OF
stop loss" orders. Again. after the
close brokerage house forces were
busted with the mailing of a large
number Of margin calls. Some OF
these calls were answered with
more collateral, others with an
order to sell at the market. and still
others were ignored. The result
was a rush to sell right after the
opening. That was real liquidation.
The Washington herald., 1921-06-08
Sec'y. Mellon Says Farm
Bank System Is Unsound

Secretary Of the Treasury Mel
len tsId the house committee ON
banking and currency yesterday
that he does net believe that the
federal land banks and Joint
stock land banks Of the farm
loan system are founded On
sound principies. Mr.. Mellsn,
however, appeared before the
committee to support the bin al-
ready passed BY the senate au-
thsrixins the treasury to deposit
$50, 900, 600 with the federal land
banks In order TO fncrense their
working capital. He explained
that the only reason he II for
the bill II TINT inasmuch as the
banks are In existence and con-
gress has intended that they
should function the additional
funds necessary to augment
their present linited capital
4If the question were as to the
desirabtIity Of the estnbiishm
Of these land banks IL weuId he
different, said Secretary Mel
lon. sMy views generSlly are
that the system Of the govern
ment backing the federal land
banks and joint stock land banks
L. not sound I'm principle, but
they are in existence and they
have been authorized by law
The Washington herald., 1921-06-08
EXPORTS IRON BELGIUM.

ume and II per cent OF the total
value. Most of Beigium's exports
go to France and the Netherlands.
The principal source of her imports
in 1920 were France. Germany,
United Kingdom and the United
States, in the order named. Inn
ports from Germany in 1913
amounted to 1s4,354 metric tons.
valued at s5.s47,000 francs. In 1920
Belgium purchased German COM
modities to the extent of 2,131,035
tons. worth 903,297.0oo francs. Ex-
ports to Germany in 1920 were ap-
proximately double those for the
preceding year.
Copyright, 1871. by Washington Herald.)
The Washington herald., 1921-06-08
SALEOF W.RE.CO.
PLAN OF SENATOR
follower FARES
New Bill Would Give Cap
ital Traction Line Full
s,zs Control Here.
REROUTING URGED
Terminals for Suburban and
City Cars .A.iong Rec
~ concentrations.
coSrIxUED FROM PLGE ONE.

r. & z, basins the same rate Of
interest, and may exchange such
bonds for outstanding bonds of the
W. r. & L
In case the w. R. & L. shall de-
fault in payment of interest on
bonds and bonds are reduced TO
Judgment and the property and
franchise of the w. r. & E. are
sold to satisfy the judgments the
Capital Traction, upon such sale
may purchase and acquire the
property and franchise at a price
not to exceed the judgment. or at
any lesser price at which such
property and franchise may be sold
at such judicial sale.
The Washington herald., 1921-06-08

Exports Of wheat from the four ports New
York, Boston, Philadelphia and Baltimore)
were 213,0OO bushels; last year, $40, ,OcO
The Washington herald., 1921-06-08

ported into the United states IN
the current calendar year VIII be
nearly s100,OOO,oOO. the figures for
Ishe fiscal year approximating $780,
900. 600 as against s4l.Oo0,Ooo in the
fiscal year 1920. S2e.000.oo0 in 1919.
and s22, 900. 600 in 1918.
The Washington herald., 1921-06-08
Breadstuff Movements

NEW YORK, June THE following shows
the movement Of breadstuIs at New York
today in srshels Of grains and barrels Of
The Washington herald., 1921-06-08
CANADIAN PACIFIC RAILWAY

O. Z. PHELPS, City Passenger Agent
i4ls New York Avenue washington
Z. \. PERRY. General Agent Passenger Dept.
1891 Broadway New York City
An in1osmatien concerning cansds furnished
90 request Canadian nswspapsfs on fls
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1921-07-14
HuMMINe BIRD ASSESSMENT.
Considerable Curiosity Regarding the
Purpose of Levy.

Considerable Curiosity Regarding the
Purpose of Levy.
On July 6 an assessment of mills
per share was levied by the Hum
ming Bird Mining company. and no
little curiosity has been since mani
tested regarding the same. The com
pany owns q patented claims, the
group extending from Burke in a
northwesterly direction to a connec-
ton with the Tamarack e Custer
Along the north side of the Humming
Bird is the Stanley and north of that,
with some intervening ground, is the
Hercules. The Days secured control
of the Humming Bird some Is years
ago in order to obtain an outlet for
the Hercules adjacent to the railroad
at Burke and the portal of the No 5
tunnel is on Humming Bird ground
1t is said that it cost the Days or the
Hercules company about 1925, 900 to
gain control of the Humming Bird,
and while the ground includes a large
area in a rich mineral section, its
only tangible value to date is a tun-
mel site for the Hercules. There is
scattering stock in the
Humming Bird which the Days were
never able to secure, and it is sug-
gested that this assessment is for the
purpose Of rounding up this stock,
the presumption being that these
stockholders will see no object in
paying the assessment. That
is on to secure this stock
is indicated by the fact that share
holders have recently received in
quiries from Spokane brokers with a
request to place a price on their
holdings. In these circumstances, !
and in view of the favorable location
of the property it is possible that the
Humming Bird may have a value
that is not now in evidence.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1921-07-14
EIdorado.

At q meeting of the stockholders Of
the Eldorado Mining & Smelling
company last evening the following
officers and directors were elected: J.
c. Waddell, Of Rose Lake, president;
John Hamlin, Of Wallace. vice presi-
dent: G. w Dougherty, or Wallace.
secretary treasurer; NJ A. Curran
and ]. A. Patterson, of Kellogg, di-
rectors. The directors are visiting
the property of the company near
Kellogg today with the view to ar
ranging for further development.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1921-07-14
VISITS THE PEARSON.
St. Paul Man Expresses Much Salts
faction With Inspections.

St. Paul Man Expresses Much Salts
faction With Inspections.
r.. Johnson. of ST. Paul. a stock
holder in the Pearson Mining com
pany arrived in the city last Mon
day afternoon. after spending sew
eral days at the property of the COM
pany on the st Joe This was the
fourth visit that MIR Johnson has
made to the Occur d'Alene district
and each time he has noted with
much satisfaction the progress that
is being made toward making a mine
of the Pearson. on this trip he ex-
pressed himself especially as being
impressed with the great amount Of
work accomplished and the evident
purpose of the management to use
every dollar to the best advantage in
developing the property Mr.. John
son has charge of the large store
by the Pullman com
pany in St Paul which is the supply
depot for the Pullman service on the
railroads radiating from that city.
He left for his home Tuesday morn
ing over the Northern Pacific
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1921-07-14
INDEPENDENCE.
Preparation Being Made for Exten-
siVe Development.

sIVe Development.
w. f. Cullen, Jr.. secretary of the
independence Lead Mines. came up
from Spokane Monday and in com
pany with II. B. Kingsbury, presi-
dent, visited the property Of the COM
pany. situated about a mile and a
half north Of Mullan The lower
tunnel was recently cleaned out and
placed in workable condition. and
arrangements have now been made
for survey of the property A few
men are employed in preliminary
work. and when the engineer COM
pletes his work it is expected that
an extensive plan of development will
be undertaken. There are good
showings of ore in the two upper
tunnels on the Gettysburg claim. and
it is stated that a tunnel on the In
dependence claim also shows consid-
cradle ore. Both the Morning and
You Like veins arc believed 20 pass
through the Independence ground