davidaulloa/AmericanStories huggingface dataset:
Evening star., 1921-02-26
TRADE CONDITIONS.

NEW YORK, February 26.-Jour
nails of trade find that here and there
throughout the country glimmers of
cheer in the way of reviving indus
tries are commencing to show through
the dark clouds. The record of busi-
ness failures for the last week makes
good showing in that a decrease is
reported compared with those of the
preceding week. Bradstreets puts the
failures at $50 during the last week,
against 35S in the preceding week.
Dun's Review places that at 462,
against 413.
OF the general situation. Brad
streets has this to say: Somethng
like an accentuation of the lines of
cleavage previously noted in reports
from leading lines is to be observed.
Indeed, the apparel and related trades,
If anything. send in rather better re-
ports than heretofore, while, on the
other hand. what might be termed the
constructive trades. such as iron and
steel, coal, lumber and other building
materials, contribute less favorable
adyices.'
Dun's Review says: Continuance of
the business readjustment is indicated
by developments in different markets.
and general and progressive improve
ment in conditions is yet to be wit
messed. After months of restricted
demand, revival-is is still delayed in
various basic industries. and such re-
covery as has occurred elsewhere is
entirely lacking in uniformity. AS a
whole, however, the situa ton is rather
| more encouraging than when the year
I opened"
Evening star., 1921-02-26
UNEAS!NESS OVER TRADE
HINDERS GRAIN ADVANCE

CHICAGO. February 26.-Unea siness
regarding the Industrial outlook has
done much this week to nullify eff
forts toward strengthening the wheat
market. Compared with week ago.
wheat prices this morning We're un-
changed to Il cent higher. with corn
up Il to as cent, and oats a shade to
ta cent. In provisions. net changes
varied from 10 cents decline to 10
cents advance.
Prior to announcement from Wash
inGton that labor Unions would adopt
a militant position in regard to in
functions as well as various other
alters. the wheat market had shown
a tendency to advance. tendency
due more or less to the fact that
the visible supply totaled only 40 per
cent of the average amount. Besides,
pulls were giving emphasis to talk
chat this was the traditional yearly
time for prices to climb. Then came
news of the stand which labor organ
izations had taken, and there was a
decided down turn in values. with a
majority of traders acting on the as
sumption that hopes for a betterment
of business soon had been impaired
Predictions We're current also that
the government report on farm re-
serves would prove bearish. However
on the downward swing of the mar
ket, export buying developed. and
some investment demand counted
further as a steadying influence.
Corn and oats were governed chiefly
tailment of rural offerings of corn
became apparent when prices de-
clned.
Provisions reflected to a large ex-
tent the influence of the Sd me factors
that ruled grain.
Evening star., 1921-02-26
WEEKS MARKET SLOW;
LITTLE PUBLIC INTEREST

NEW YORK, February 26.-Experi-
encing little or no interruption, the
stock market this week continued to
adjust itself to further changes in the
financial situation and the more un-
settled state of affairs in general lines
Of industry and trade.
Selling for both accounts. with a
preponderance of short offerings, eff
fected increased impairment of
quoted values in all but the more
representative shares of the railroad
and industrial divisions. Issues of no
particular classification suffered ex-
treme reactions of to over 10 points.
some selling under low records of last
December.
Developments were mainly of a char
acter to discourage public interest
these ranging from further unfavor-
able statements of earnings by the
transportation companies to additional
dividend suspensions and expansion
Of Unemployment.
The money market was apparently
easier. but actually unchanged so far
as quotations or offerings referred to
long time accommodations. Local
banks bought sparirgiy of CONNER
cial paper. and bank acceptances were
firm on the rigid attitude of the Fed
eral Reserve Board.
Interna tional credits were again
rendered irregular by the shifting of
events in connection with approaching
conferences of the reparations COM
mission; and latest official figures de-
noted a sharp falling off of this coun-
try's foreign trade.
Evening star., 1921-02-26
BOTH UNITEDS DROP.

NEW YORK, February 26.-Reports
Of operation of the United Cigar
stores and the United Retail Stores.
Just made public. show substantial de-
clines in earnings. The United Re
tail Stores in the eleven months ended
December 81. 1920. had net income of
s4,7S4,239, or s6.03 a share earned on
the common stock, which compared
with net income of $4,706,332, or $S.42
a share in the preceding six months.
United Cigar Stores show 1920 net
earnings for dividends Of $5,029,005
after federal taxes. This is equal to
$14.33 share earned on the out
standing common stock after deduc-
ton of preferred dividends and COM
pares with $4,436.479. or $1516 a
share, earned in the preceding year.
Evening star., 1921-02-26
WAGE ISSUE UP TO BUGG
Georgia Rail Receiver Has Problem
in Court Order.

ATLANTA, Ga. February 26.-Col. Il.
J.. Bugg. president of the Atlanta. Bir-
mingham x Atlantic Railway COMPANY.
VINO was made receiver Of the road de-
clines to state whether holding that the.
receivershiD order gave him authority to
lower wages irrespective of the United
states railway labor board he would
seek TO carry out the roads announced
wage cut The road concurred in a petit
tion in federal district court here of a
creditor. the Birmingham m Trust and Saw
ings Company Of Birmingham. for a re-
ceivership. and Judge S. II. SibIey ap-
pointed Col. Bugg as receiver. In the
court order. following formal ana king OF
bond, the receiver was authorized ''at his
discretion to employ and discharge and
fix wages of all employees. and the lat
ter are ordered to obey such orders as
the receiver may give in discharge of
his duties. and are enjoined from inter
fering with his management or prevent
ing or seeking to prevent the discharge
of his duties
Evening star., 1921-02-26
OUTLOOK FOR WHEAT.
CHICAGO. February 26.-The

CHICAGO, February 26.-The Mod
ern Miller says: Crop conditions in the
winter wheat belt have been improved
by rain and snowfall. Practically all
sections report ample moisture. and in
many districts OF the Southwe st the mois-
ture is so abundant as to insure rapid
progress of wheat when growing weather
sets in. Reports as to stand of wheat
are more favorable from hard winter
sections than from soft wheat territory.
Weather conditions will deter the ac-
tivity of green bugs. but visitation of
this pest cannot entirely be eliminated
as possibility for cutting down the
yield. although it may be confined to a
smaller area. The Hessan fly is noted
in numerous parts OF the belt
Evening star., 1921-02-26
GOOD GAINS MADE
/ IN BANK DEPOSITS
Savings Institutions Make
New High Record in History.
Washington Gas Firm.
RY I. A. FLEMING

Between the two latest calls of the
controller of the currency. made Decem'
Der % and the latest, February Il. the
banks of the District of Coiumbla
gained se,43S. .051.13 in deposits. the
national banks and savings institu-
tions showing good gains and the
trust companies losing moderate
amount.
1t was generally admitted that the
period covered was one of thrlft and
saving. very many people. ana eSpe-
cially employees of the government
being disturbed as to the future
and saving against possible con-
tingencieS.
In measure the economical period
was offset by the large investment
movement in Treasury certificates.
which has grown in Importance as the
. uncertainty of investments IN the
stock and bond markets has been
brought home through the serious
fluctuations in values for these secur-
tiles.
The national banks of the District.
with SS594S.393 in deposits. showed a
gain over the tota! or December ~ ol
S1.1412?5.1s.
The savings banks may run up the
broom on the largest total deposits
they have ever reported, $50, 4.5O1.52,
a gain of s1.676.2S0.32.
rhe trust companies. with S54.Oo9.-
157.5S deposits, indicated loss of
s3S3.511.77.
North Carolina Checks.
Washington Clearing House Associa-
tion adopted resolution providing
that on and after February 2S Wash
ington banks would accept checks on
the non-par collection banks of North
Carolina for collection only. and would
not permit credit of said checks until
paid. Eventually. with action like this.
the non-par banks will be forced to
join the prompt-pay forces.
Not to BE Assistant Cashier.
Officials of the Standard Savings
Bank state that, while James Trim
BILE. jr.. is to join their office force, he
will not be assistant cashier. as
stated in this column yesterday.
Local Securities.
Railway preferred opened at 511s
this morning, ard gradually eased off
to 81. The common stock was also
a little easier. thirty shares selling
at 2S.
The strong feature of the session
was Washington Gas stock, which
made a new high on the movement
when it sold at 44
Washington Gas 7ss per cent notes
brought 0013. while small lot in
$500 denominations sold at 102.
Capital Traction 80 brought 81.
Evening star., 1921-02-26
STOCKS IN RALLY
ON SHORT COVERING
Shares That Have Been Un-
der Bear Pressure Make
Best Recovery.
BY STUART p. WEST.

NEW YORK, February 26.-The
further recovery in the market this
i morning was commonly ascribed to
the retirement of short contracts put
out earlier in the week No doubt
this was the true explanation. but it
did not tell the whole story. The
rapidity of the rally yesterday and
today. and the fact that it wiped out
the greater part. and in some cases
the entire loss since last Saturday
demonstrated how largely short sell
ing as contrasted with real liquida- =
ton had figured in the weeks opera
tionS.
No more weak spots were brought
out in the industrial section. The
news of the receiverShip for the At
lanta, birmingham and Atlantic rail-
road LED to a little selling here and
there among the very low priced rails.
Otherwise it had no effect. and, on
the contrary. special strength devel-
oped in few of the rails like Kansas
City Southern and st. Louis South
western. The Atlanta. Birmingha m
is. of course. not a representative
case even among the So ~d weak
showed that it recognized it thor
oughly:
hears Covering.
The strongest industrials were nat
urally those upon which . ear raiding
had chiefly converged. Such We're
Mexican Petroleum. Baldwin Loco
motive. International Paper, and the
steel. motor and tire shares. The
selling of International Paper. in par
ticular. had been greatly overaone.
1t had ignored the fact that despite
the recent cut in newsprint. prices
We're well above those of a wear ago.
1t had also ignored the coming an
nual report. which is certain to make
remarkable showing.
American Wool was another of the
leaders. and there was a sharp re-
bound in American Agricultural
Chemical Corn Products. and some
Of the sugar shares. On the other
hand, Reading had one of it's peculiar
movements this time a very sharp
drop. which was not explained by
any new developments. but seemed
rather to be the result of further
selling by holders who are disappoint-
ed with the terms of the recent segre-
cation plan.
Attack on Steel.
The attack launched by a govern
ment official on the Steel CORPORATION
because il has not reduced the prices
of its products has brought out the
Information from a good source that
in SO far as the Steel CORPORA ton is
concerned it has postponed its price
reductions until around MAY Is.
These reductions will bring prices
more into line with the quotations of
the Independent companies The rea-
son for this delay is that the corpora
tion wants to fill as manv as possible
or the orders on its books before it
begins to slash quotations. The cor
nora ton has in the neighborhood CT
s7.Oo0,0O0 in untitled orders
National Enamelirg.
National Fnameline and Stamping
VIII sell ex-dividend $50 for the first
quarter of this year on Monday. At
The last meeting of the directors tho
dividends for the year were declared
as usual which makes the stock sure
of its dividends for this year at least.
In the twelve months ended Decem-
ber 81, National Enameling earned a
net profit of over $4,000 900 which.
after allowing for tax and bond in
ferest. left a balance equal to s17.07 a
share on the common.
Evening star., 1921-02-26
WILLIAMS ORDER
MAKES HIM TARGET
Bank Fighting Publication OF
Salaries Paid Officers.
With Data.

| John Shelton Williams. who. as con-
! troller of the currency. has been the
center Of some of the most spectacular
fights waged on government officials dur
ing the Wilson administration, has. on
the eve of his retirement. again become
the target for much opposition because
of his order to all national banks to in
cfude in their published statements the
aggregate amount of salaries paid eNecu-
tive officers of banks. the number Of
such officers. the salaries paid all other
employees and their number.
The order for such publication was
issued in the bank call of February "a.
and the Pittsburgh Clearing House Asso-
citation, on advice of counsel, agreed that
its national bank members should fur
nish the information to the controller.
but that it was not required 10 publish
it in the newspapers.
Followed by Resolution.
The order Of the controller was fol-
lowed yesterday by a resolution which
Cha irnan McFadden OF the House
banking committee introduced, which
would declare the controller of the
currency to he without authority TO
require the banks to publish the sal
aries paid officials and employees In
a subsequent statement. Mr. McFad-
/, den said that he did not believe the
controller now possessed such author
ity. but the passage of such resolu
tioD would settle the matter.
In addition to the information as to
salaries. the controller has ordered
the banks to publish statement of
the money they had loaned on bond
and stock collateral in New York city
Makes an Explanation.
The obvious purpose of inclusion
of the clauses apparently found OBJ
jectionab{ in Pittsburgh said Mr.
Williams, was to develop whether
money of depositors in national banks
is being diverted from its proper
function of supplying legitimate bust
ness and enterprise 20 earn fancy
rates from the need or recklessness of
spectators al d distance. and whether
disproportionate or improper amounts
| OF the earnings of the banks are be-
: ing expended in salaries to officials.
! 1t it difficult to understand why bank
! ers who have used such money dis
creety and with regard to the rights
Of their customers and shareholders
should object to making this informa
i tion public"
Evening star., 1921-02-26
FOOD LEVEL UP FIVE CENTS.

NEW YORK. February 26-This
weeks food index number, based on
the prices per pound of thirty-one
articles used for food, is S3.16. which
compares with $3.11 last week and
S4.92 for the week ended February
&c, 1920. This weeks number shows
a gain of 1.6 per cent over last week,
but loss of 35.7 per cent from the
like week of last year OF the eighty
commodities quoted eleven advanced
as compared with last week, twenty
eight declined and forty-one remained
unchanged.
Evening star., 1921-02-26
MAXWELL IN CHANCERY,

INDIANAPOLIS. Ind, February 26.-
Charles Martindale of Indianapolis was
appointed by Judge A. B. Anderson in
federal court here as master in chan
Gerry for the Maxwell Motor Company.
incorporated, to receive and adjust all
claims of creditors against the company
within the jurisdiction OF Indiana. The
action is preliminary to reorganiza ton
Of the Maxwell and Chalmers COM
panies. which have been merged. Ap-
pointment of the master was agreed TO
by the Maxwell company. according to
attorneys who filed the petition
Evening star., 1921-02-26
EXPECT DECISION SOON.

NEW YORK. February 26.-Railroad
executives express the opinion that a
decision on the wage problem will be
rendered by the labor board by April
j. Between March Il and March 10 rep
resentatives of the employees will present
their rebuttal testimony and argument,
and the board will then take the case
under advisement The labor commit
tee of the Railway Executive Associa-
tion will meet Thursday in New York.
Evening star., 1921-02-26
FOREIGN BONDS,
COTToNsEED OIL STEADY

NEW YORK, February 26.-The cot
tonseed oil market closed steady:
prime summer yellow. 6.70a7.00 prime
crude. 500; March, SO; April, 100:
May. 1888; Jnne. go; July, 7.sS; Au-
gust, 500 September. $50; October,
$40. Total sales, l4,10O.
Evening star., 1921-02-26
AMERICAN HIDE LOSS.

NEW YORK, February 26.-Tht
semi-annual report of the America,
Hide and Leather Company for tn,
six months ended December 81. 1920
shows loss of $6.S30,550 after de
probation of inventory and plant. in
terest on loans and repairs. Inventor!
write- off amounted to S6,000,000.
Evening star., 1921-02-26
LIBERTY BOND PRICES,

NEW YORK, February 26-Liberty
bonds closed: 3hs. 9l.0s first As,
S694 bid; second As. 1855; first AZ s,
s6.ss: second AIS. $3.50: third Az S.
s?.ss: fourth AS. $3.50: victory "a $.
37.46; victory 4%s, 97.i6.
Evening star., 1921-02-26
NEW YORK BANK STATEMENT.

NEW YORK, February 26.-The
actual condition of clearing house
banks and trust companies for the
week shows that they hold $14.34O, $50
reserve in excess of legal requirements.
This is an increase of s2,61s,610 from
last week.
Evening star., 1921-02-26
VIRGINIA RAILWAY
COSTS UNDER FIRE
Operating Expenses of EIec.
trio Line Hotly Attacked
by Commuters.

Operating costs of the Washington
Virginia Railway Company during
1921 were attacked by representatives
of commuters using the road at a
hearing before Examiner Mackley of
the Interstate Commerce Commission
today
Frank Lyon, representing commut-
ers on the Falls Church division of
the road, and Z. W. r. Ewing, repre-
senting citizens of Clarendon and
Ballstou. quizzed W. c. Downs, wit
ness for the road. on the cost of power
10 the company. which is supplied
by the Potomac Electric Power Com
pany. Mr.. Downs explained. that pow
er will probably cost more during
1921 than it did last year.
John Z. Zimmerman of the firm of
Day Zimmerman of PHILADELPHIA.
VINO now operate the road. told the
Questicners that the agreement with
the Potomac Electric Power Company
provides that the traction company
shall pay for power on a sliding scale
IN agreement with the cost of coal TO
the power company. He explained
that the traction company sees to it
that the power company shall exer-
else due diligence" in the purchase
OF it's coal. so that il will not cost
money FAR in excess of the market
price aIter april /. Mr. III nm rma n
said. coal will cost the Potomac E{ec-
trio Power Company $775 a ton. de-
livered in Washington. or about 1886
ton at the minex
Cost of Accident Fund.
Mr. Lyon also questioned the cost of
purchasing ties, sand, gravel and la
Dor. and Mr.. Downs told him that it
can reasonably be expected labor costs
and costs of raw material will drop to
an appreciable degree by the middle
OF the summer of 1921.
An item of S79.272, set aside on the
books OF the company for accidents
and damages was questioned by rep
resentatives of the commuters MIR.
zimmerman explained that an item of
s39-2I2 had been set aside to pay what
might reasonably be awarded by the
courts out of current claims against
the company, totaling more than
100000 The item of $4,000, he said.
had been set aside to pay claims for
damages and accidents which are ex-
pected TO arise during the year 1921
The company has annually paid dam
age claims averaging $50 900 he said
Street railway companies should
have an accident reserve larger than
the cost of damages paid during the
past year, Mr.. Zimmerman said eff
they do not. a serious accident inyoly-
ing injury TO many passengers might
1orce the road into bankruptcy"
Evening star., 1921-02-26
DIVIDENDS DECLARED.

STOCK OF Pay
record. able.
Boston Woven Hose and Rub
her Co. q. So. Mar. l Mar Is
Buffalo and Susquehanna. q.
slib Mhr. 10 Mar 81
"Tmrerial Oi! Co.. Ltd. q. Toe Feb. ~ Mar. /
Lehigh Valley Coal Sales. a.
81 Observation-Disclosures. Mar. II Apr. 1
Remington Typewriter LIST pfd.
q. S1.75 ...... .......... Mar. 10 Apr.
Remington Typewriter I'd pfd.
q, 81 .....................M Mar 10 Mar. 81
Sherwin Williams Go. OF Can
ada. Ltd, q. 81 so. ...-.. Mar Il Mar 81
Sherwin- Williams Go. of Can
ada. Ltd. pfd. q, 81 Mar Is Mar. 81
Standard Gas Elec. pfd q,
81 Observation-Disclosures. Feb oS Mar IL
sPayable in Canadian funds.
Evening star., 1921-02-26

A method for typewriting by wire
less has been evolved.
Evening star., 1921-02-26
Washington Stock Exchange

SALES
Washington Railway pfd-5 at 57h. : at
5I11, 10 at 81. 10 at 81
AFTER CALL
Washington Gas 7Rs-S5OO a 1OOI,, $500 at
102. 800 at 1862. " -
Capital Traction $500 at 81
Washington Gas Light-5 at A. 10 at "A.
Washington Railway com.--3O at IS
Evening star., 1921-02-26
CURB STOCKS.

Quotations furnished by W. B. Hibbs & Co
-Ciose
Evening star., 1921-02-26
TODAY'S BOND PRICES.

Noon prices reported to The Star over drec
New York VI shington wire by Redmond 4 70
Evening star., 1921-02-26
GEORGIA LIVE STOCK LESS.

ATLANTA, February 26.-Th"re were
1900 less head OF live stock on Geor-
gias farms on January /, 1921. than d
year preceding, according to an an
nouncement made today by John S. Den
nee, agricultural statistIcian for the
Georgia cooperative crop reporting
bureau, a combination of the FORCES OF
the United States bureau OF crop esti-
mates, and the statistical division OF
the Georgia department of agriculture.
The statjstician based his estimates
upon reports received by him direct from
the farmers of the state.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-21

to bring the ghost OF a lady who always
braggy about her virtues a wife and mother
into immediate contact with the spirit form
of notorious firt.
Either way you are apt to find yourself
marooned in a conversational vacuum as far
as the spirit world is concerned.
recall the experience of deep student Of
the psychic who lives in Bronxville. He has
been in the habit of having one or two So
cable ghosts drop in now and then to spend
the evening" Those VITO responded most often
and most eagerly to his tabe-tapped invita-
tons were the wrath Of bootlegger and the
shade of Plato.
Last Saturday night they dropped in to-
gether 1t was most unfortunate. Patos
answers seemed plainly to belle his reputation
as a scholar Strangely enough, in his ghostly
form he seemed much more interested in the
available supply of Ell Bart than the cosmc
relations Once or twice he yawned audby
Apparently he was having thin time even
for ghost But the discussion molec-
ular telepsychic telekinesis. One hardly
blame him The bootlegger had a soggy men,
tality, anyway. He persisted in referring to
the "unconscous molecular which he knew
nothing about Presently the philosopher
slipped quietly away.
A few hours later the Brownsville student
strolled out on the veranda. There sat Plato
in the moonlight. He was stunning, "Ain't
We Got Fun?' on the ukeele. He looked
positively radiant
Is this really so surprising? Given the
VISION might we not this very day discover
the shades of Nero and julius Cesar playing
put ard take" in the corner of some exclusive
club on Fifth Avenue? Or the disembodied
forms Of Socrates and Diogcnes taking a
fling at the "scandaP' in the ballroom of
summer hotel on warm evenings this season?
Domestic rules of etiquette for receiving
ghosts antedate telekinesis and the toddle.
Even in pagan times they were in vogue on
occasions when the ghost Of husband or wife
dropped in at former home for friendly
call Husbands were often obliged to observe
various little courtesies before their spirit
wives could converse with them the most
trivial and routine family matters
No married man should cherish the fatuous
belief that a womans interest in clothes ends
at the grave. To the ghosts of deceased
ladies in ancient times dress was more I'M
portant. 1t caused them many an anxious
moment when they were invited to visit the
mortal sphere.
In fact, there is actual evidence to prove
that many wifely ghost, true to her ma
terial self, absolutely refused to answer ques-
tons or appear in public because she hadn
decent stitch to wear Can you doubt
that it is even so with the gentler shades
to-day?
For the enlightment of I'll husbands we