davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-06-16
CURB BDEPLAYS
REGULAR TONE
Many Issues Reflect Quiet Ac-
emulation by Strong
Interests.

NEW YORK. June l5.-Taken al
together the market on the Broad
Street curb showed a fairly steady
tone, with many issues rejecting
quiet accumulation by strong Ia
terests. but losses that were sus-
tanned in various groups, both on
the outside market and the stock
exchange, were effective in creating
a supply of stock that was extern
sive enough to prevent any sub
stantial advances, even where good
buying orders were in evidence.
The Cities Service issues were fairly
well held following the recoveries
after the violent breaks on Monday,
and some of these issues made fur
ther gains. The three classes CT
stock were dividend this morn
ing, the bankers shares selling ct
I4%a14S, the preferred at 45IaaiI
md the comon stock at 13oa12I
Some of the low-priced stocks, es-
pecially those of actual producing
companies, were in demand. Hud-
son Oil was steady, with buying
based on the statements that STAN
dard Oil of Louisiana completed
connections today with the Hudson
Comp1nys new we'll Producing ana
refining was steady. selling at asa
3is. and Simms Petroleum sold at
7Za7K. Foreign issues were gem
orally heavy. Carib Syndicate rang
ing from 6h a5H and Maracsibo de-
"lined to 23k. International Petro-
leum was steady. selling at 1919
was exceptionally
firm. with sales at 15a15%. There
was little feature to the industrial
issues. United Retail Candy again
sold at and Southern Coal and
Iron declined to ). Lackawanna
rights were traded in at 35iS. Co.
lombia Emerald was heavy, selling
at IL. Acme Coal showed a steady
tone, selling at TX. Mining stocks
were fairly active with interest az
tached 20 Florence Goldfield be-
cause of further development re-
ports with arrangements for pro-
ducing a larger tonnage.
The Washington herald., 1921-06-16
VARY IN COST OF
ROAD OPERATIONS
Loss Under Federal Supervi'
sion Estimated 81, ,500,000,-
900 and s2,5O0, 900, 900.

Realiationon the part OF the pub
lie as to the actual cost Of gov
ernment operation of the railroads
will not come until Congress is re-
quested to make the necessary ap-
preparations to enable the govern
ment to make the final settlement
with the railroads. Senator Cum
minis, chairman of the Senate Inter
state Commerce Committee, declared
yesterday at the railroad inquiry.
The loss to the government as the
result of government operation was
put at $500, 100000 by the chair
man, while L. E. wettling. of Chi
cago, expert statisticiau for the rail-
roads, said it probably would reach
approximately s2,5O0, 100000.
senator Cummins criticized figures
showing that the railroads had net
railway operating income of $685.
56S, 900 II. 1918 and sf54,sS4,oO0 in
1919. while the railroads were under
Federal operation, declaring that
publication of such figures misled
the public as to the amount of loss
the government really suffered be-
cause it operated the railroads.
The Washington herald., 1921-06-16
TIMELYWALL STREET TOPICS

NEW YORK. June lS.-roday's
stock market was repiete with cross
currents which bespoke the con-
tinuance Of sort selling In numer-
Gus iillfavored industrials and at
least temporary abandonment Of
that position In others. Sharp de-
clines In sugar and Mexican -oil
stocks had . depressing effect upon
many industrials which might 9TH
erwise have retained Q steady po-
sition. Baldwin Locomotive. vir-
ginia-Carolina Chemical preferred,
Atlantic, Gulf and West Indies. Cru
chile Steel and American Interna.
tional were particularly weak
Times have changed. Two years
ago the stock Of any corporation
that had the remotest prospect Of
becoming an oil producer was At
the center Of Q speculative scram-
BILE Texas and Pacific Railway
went up from 27h to 7oh because
its road ran through an oil field
Nothing ever came Of drillings on
the right-of-way. Today the stock
market community witnessed an
The Washington herald., 1921-06-16


The stored supply of six staple
foodstuffs were still above the nve-
year average May l, 1921, viz: pork.
lard. mutton. poultry, eggs and but
ter. The surplus meat supplies re-
ported in cold storage are being
rapidly reduced, the shrinkage
being particularly in beef and NUT
ton. Frozen beef was over $4,000
900 pounds below the ive-year av-
erage and 100000 pounds below
last year. Both frozen and cured
beef are being put away in very re-
duced amounts compared with last
year. so that this shrinkage will
probably continue for some time.
The mutton surplus continues to
be reduced. though 1t Is still almost
six times the 1ve-year average In
amount, because an enormous, store
was piled up last year. Much of
the frozen mutton was accumulated
by shipments from New Zealand
and Australia and has been moved
out. During February alone 49,
400, 900 pounds of mutton was taken
out of storage. OF the $4,000, 900
pounds holdings of frozen lamb and
mutton reported May 1. over 21.-
000. 900 pounds was held in Atlantic
coast storehouses. Mutton was
going into storage in April at half
the rate Of a year ago and one
fourth the rate Of 1919.
Pork stocks continue to increase.
being 57.000,oOo pounds more than
last year and so,5oo,oo0 pounds
more than the five-year average,
though the amount put in storage
during April was somewhat less
than during the same month a year
ago. Dry salted pork has been
greatly reduced. The amount in
The Washington herald., 1921-06-16
FOOD STOCKS IN STORAGE
ABOVE FIVE-YEAR AVERAGE,
While Reserves Are Declining the Surplus Is
Still Large.
cpy tn. w..,Inston Herald. Eeo.oni.t.l

Herald,s Economist.)
storage Is only about 15o, 900, 900
pounds as compared with $4,000. 900
last year. The total stocks Of dry
salt pork were 1os.ooo.ooo pounds
less than the hve-year average.
Lard stocks were 5000 900 pounds
greater than last year and 45,40o,-
900 pounds greater than the i've
year average, with production about
normal.
A year ago there was some talk
of a shortage in stored supplies of
eggs, butter and poultry, but with
an excellent POULTRY season the lack
in these products has been more
than made up. The supplies of
eggs being double that of a year
ago and almost double the five-year
average. Low prices have prompted
the heavy movement into storage
so that the supplies on May 1 were
within 225,000 cases of the stocks
on June l of last year. The supply
of frozen poultry is still large,
about 6 per cent above the five-year
average and 100000 pounds above
last year.
The reported imports of butter
have not seriously disturbed the
cold storage stocks, which are
about the same as a year ago and
some 100000 pounds above the
five-year average. Quite a surplus
of packing stock Is. reported, over
1000. 900 pounds as compared with
$4,000 pounds in 1920.
The movement Of American
cheese has been very slow of late.
due to lessened consumption and
constant production. Before the
war the United States was third
among the cheese-importing coun-
tries, bringing in about $4,000. 900
pounds in 1913. In 1919, however.
exports exceeded imports by nearly
5000, 900 pounds. In 1920 the excess
of exports dropped of until they
just about balanced imports. Dur
ing the year 1920 production did not
increase, but on the contrary both
production and consumption of
cheese fell off.
Apples, the only fruit upon which
monthly cold storage reports are
available, are being held in large
amounts with nearly twice as many
barrels in storage as last year and
$4,000 barrels more than the five
year average, while the box goods
were held in ever greater amounts.
making altogether a total apple re-
serve of over 42s.0o0 barrels above
the five-year average. This fruit
has been moving out of storage
rapidly, however, during the past
month.
COLD STORAGE HOLDINGS on MAY
FOR THREE YEARS.
1000 omitted.D
The Washington herald., 1921-06-16
OFFICERS ACCUSED
OF CONSPRACYN
ARMY CONTRACTS
Attorney General Finds
Harness Stocks Held
For Personal Ends.
FORBIDDEN BY LAW
Weeks Explains Presidents
Action In AnnuIling
Contracts.

Actual charges Of oonsptrscy 70
profit in dealings with gevsrnment
property have followed the Attor-
ney Generals decision TO prosecuts
war contractors who pronted at gov
ernment expense
President Harding. acting on the
advice Of the Attorney General has
ca nceled contracts entered int be-
tween the War Department ana the
United states Harness Company.
From this situation IL develops
that at least three former army
ofiicerswho handled army leather
goods during the war organized .
officers who handled army leather
products which remained al the end
Of the war. Contracts TO this ef-
feet were entered into with tho sp-
proval of former Secretary Baker.
the War Department to receive .
share Of the pronta
Fisds Contracts Illegal
The Presidents action In aSsss-
ling the contracts is rebealeosIn a
statement authorizes By ssc,st.5
The grounds for the reoemms.1a-
tion of the Attorney General upoa
which the President acted, vere that
these contracts had been ~nf~r~t
into in violation Of the ssct3eas sf
the criminal code pronID4aa-s O...-
GERS or employees of the govern
ment from having an interest N
government property or oontracta
The Attorney General. ~ n stated
reached the conclusion that the ce.-
tracts had been entered into a. q
result OF a conspiracy on the part
of certain former temporary on
GERS OF the army 90 secure Shesa
,OnIIaCts and the control Of 1arrs
stocks of harness on hand for their
own beneft-
Three Omeers MerttsseL
Secretary Weeks did not. say
whether the former service men
would be prosecuted. although At
torney General Daugherty intimat-
ed recently that steps to that end
would be taken
When the matter vas aired In
Congress, the names of three Of the
former officers involved were given
as Col. George b. Goetz. MAJ. J. c
Byron and Capt Henry W. Benke
The surplus leather stocks which
they sought to control. includinR
harness, haIters and other accesso-
ries, were valued at several mill
lion dollars.
The Washington herald., 1921-06-16
WHEAT MARKETS,
AGAIN NARROW
Selling by Commission Houses
Develops Heavy Undertone;
Lack of Outside Buying.

CHICAGO. June 15.-The July
Ssptember wheat spread continues
to narrow dropping to around 9 cents
at one time today against II cents
recently. The market, however,
showed a rather heavy undertone
for both deliveries. as there was
rather persistent selling by strong
commission houses, and while fur
ther rust reports were received from
the West. 1t is regarded as much
too early to talk damage, and out
side buying failed to develop. "A
rally came around noon on short
covering, induced by reports that
Germany had taken 100000 bushels
wheat partly on credit. and on good
reports from Nebraska, which are
expected to cause some damage in
the Platte River sections. Country
oierings of new wheat from Illinois
continue rather liberal at II cent
over July for shipment by July 90.
New wheat is commencing to move
in the Southwest and harvesting op-
erations are progressing rapidly.
Premiums on old wheat on spot were
firmer as compared with the closing
bids OF yesterday. a broker who
usually acts for an Eastern mill
taking a few cars.
Corn and oats were weaker and
lower. corn declining around l cent
as compared with yesterdays finish.
but recovered part of the loss later.
Sentiment is somewhat less bullish
than of late, due to the slow demand
for the cash grain, and 1t is feared
that unless liberal sales can be made
that a scarcity of storage room may
develop. Country offerings are not
large. and crop reports excellent on
corn. Provisions were a little firmer.
with hogs, which were up 10a20
cents, with bulk of sales sS.00aS.2 90.
Receipts. $4,000, with $4,000 for to-
morrow. Western run. 112.500,
against 10000 a week ago and 1O1, :
900 last year. Money steady, call Z.
time 7a7iz. Exchange, par.
OpenH High Low Close
The Washington herald., 1921-06-16

other sharp break In Atlantic. Gull
and West Indies Steamship common,
bringing the price down TO its low
est level since 1915. This stock vas
sold because of the company's in
terests In the Mexican oil fields. At
iantic Gulf In a steamship company
which relied upon It's Mexican oil
Investments to correct q sad fnan-
cial condition. Some time ago there
was q report In the Street that the
company had interested one Of the
Standard Oil group In the Mexican
properties. IL Is understood that
no definite agreement was reached
and now that the productivity oi
Mexico is being brought into ques-
ton, the Atlantic Gulf propertie,
VIII not be considered 50 valua-
BILE The common stock got down
below % around midday today. CON-
pared with 1879 in 1919. The pre-
ferred went close TO IL
The Doheny group of Mexican oil
stocks showed sharp declines al
their initial prices this morning
Mexican Petroleum started at $50
net loss Of points, and declined
TO 11sk before a rally. Pan Amer
lean lost az points and the Class
stock sold 5h points In the FIRST
Quarter-hour of trading. All thest
issues sold ex-dividend. All thi.
pressure was the result Of a state
ment published In this mornings
newspapers to the effect that thIs
government was Withholding data
on the Mexican oil fields. Mr.. Do.
heny came out with another state
ment designed to counteract the old
reports of well depletion in the
Mexican field AS on the occasion
of the previous statement, this at
tempt at reinsurance ha6 no visible
effect upon the stock
The Washington herald., 1921-06-16
COTTON STEADY
I in DULL SESSION
Tired Bull Traders Abandon
Support and Await Strike
Settlement.

NEW YORK, June 15.-The cot
ton market was dull and steady
from the opening with little change
in prices of importance during the
forenoon. The Liverpool markets
continued dull and the Census Blu.
reau's better statement on Ameri-
can mill consumption for the month
of May that had been generally
looked for, failed to stimulate any
new local or outside buying. There
were more unfavorable rains re-
ported in the central part of the
belt overnight, while the drought
in the Atlantic States remained un-
broken. But even this condition,
with the somewhat less favorable
weekly government and crop bull
letin announced at noon that had
been expected brought no new buy
ing into the market.
After prices had dragged to
about 10 points decline from yes
lerday's closing quotations during
the noon hour on scattered local
liquidation and Southern selling the
market turned weak in the after
noon and went through the recent
low levels by breaking about 10 to
IL points further from liquidation.
this time by some Of the tired local
and Wall Street bulls, who had beef
among the best supporters of the
market the past month believing
there would be considerable broad
ening out of the foreign demand
for our cotton as soon as the long
drawn-out British coal miners
strike had been settled and an ad-
iustment made in the wage scale
of the cotton mill operatives
throughout the Lancashire and
Manchester districts. While today's
cables were still hopeful of an
early settlement of these labor
troubles, restricting Great Britain's s
The Washington herald., 1921-06-16
COFFEE MARKET.

NEW YORK. June 15.-In view OF
,rnss. IN the local coffee mar
k., Yesterday the official brazilian
halter than expected this morn
-. II served to stimulate buying
=, univ and September by the Front
..re.t house which has been the
MARKETS best support recently. July
.oId at advances of 4a6 points anu
Sentember opened higher, but soon
lost this gain as offerings were am
NJ. and the demand soon satisned'
The failure OF September TO hold its
raIn in the face Of the cables caused
a loss of Sal points on December.
Trade selling became more aggres-
s,ve after the call, forcing prices
6ovn to stop-loss limits. Three
orders of this kind were uncovered
at one time and prices dropped 20a27
points below Tuesdays closing levels.
It turns out that the recent gossip
anent cheaper purchases in Rio was
based on a small scale of IS at 8
cents, C and F New York compared
with recent offers Of Is, IS at 6.4oc.
and of victorias at 6.S5c. The latter
are offered today at $500. while Rio
Ss are offered to New Orleans at
b.lOC- Inc safe dliuucu " - hON
generally regarded as a reliable
criterion of the market Santos Of
fers are without noteworthy change.
While some are slightly lower, SIC
is still the lowest for Is. Very high
ly described new crop Bourbons are
offered all the way up to 10.15c for
Is and 10.75c for 2s-3s. The Rio
term market closed unchanged to IS
reis higher and Santos 100 reis
higher to 100 lower. Exchange on
London was I-32d lower at Sad. and
the dollar rate so reis higher. Gen.
orally fine weather and higher tenn
peratures were reported in the Of
ncial weather bulletin. Spot mar
kets are dull and easier. Quota
tions are uncertain owing to the un-
settlement in future contracts, Rio
Is are s1zasxc; Victoria 7s-ss ska
SIC, and Santos 4s. sha10c.
The Washington herald., 1921-06-16
Frtck Estate Tax Nay
Hinge on His CoLC's Home

NEW YORK. June l5.-The domi-
cile Of the family COW may decids
where the inheritance tar on the
500. .O0o. 600 estate OF the late Henri
c. Frick shall be paid
The Washington herald., 1921-06-16

general business, II seemed today
as though the disappointment over
the long delay in reaching such set
Elements was finally beginning to
tell on the sentiment of the local
trade and Wall Street bulls and
causing some of them to reduce
THAR boIdinrs
The Washington herald., 1921-06-16

q
Chicago Board Of Trade.)
Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-03-12
State Farm Resources

Larger stocks Of grain were held on Geor-
g1a farms March l, this year, than year
ago, according to a survey just completed
by the Georgia COOPERATIVE Crop Report
ing office-a service bureau maintained
jointly by the United States bureau of CROP
estimates and the Georgia department of
agriculture, to collect and publish crop sta
tistics III the interest of all concerned. In
a statement given out today by John S.
Dennee, statist for the cooperative office.
he makes the following announcement:
About IS, go 600 bushels of last years
corn crop remained on the farms in Georgia
on March l, against 81, S4S, 900 bushels same
day year ago. During the crop year 1920,
it is estimated that Georgia produced 49,
800, 600 bushels of corn; and about SO per
cent, say IS, 495 900 bushels. were of mer-
charitable quality. Last year about So per
cent, equivalent to 80, 406, 600 bushels, were
marketable. About per cent, 5000, 600
bushels, of last years crop were shipped out
900 bushels of the 1919 crop shipped out.
Many counties report a shortage of corn at
the pre- SEM time, and considerable quantities
are being shipped, say the farmers, to tide
them over the winter months.
Stocks of wheat on farms March l this
year amounted to $50, 600 bushels, in com.
parison with 800, 900 bushels one year ago.
Stocks of oats on farms March l this
year, / ,617, 600 bushels, against 972, 900 bush
els, against 1872 bushels last year.
From reports received it is estimated that
the farm land values per aacre in Georgia
averaged on March l, 1921, about as fol
lows:
Average of poor pillow lands, $40 so; good
pillow lands, $1,000; all pillow lands, $36.
Average of all farm lands, with improI e,
ments, $3.50; without improvements, S31. %
These land value figures, when compared
with farm lands year ago, indicate an av
erage decline of 80 per cent or more over
the state.
Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-03-12
Great Oil Fire Begins
On Scene of Former
One in BROOKLYN

NEW YORK, March 1O.-Fire
broke out today in the Standard Oil
companys plant in the Greenpoint
section of Brooklyn, which. more
than a year ago was the scene of
one of the biggest oil fires in the
history of the city. -Four tanks
were reported to have exploded, en-
dangering others. Two alarms had
been counded by noon and ambu-
lanceS. summoned. Police reserves
were called from five stations.
The plant, known as the Some and
Fleming works, covers a large area.
Efforts to draw off the oil from 9TH
er tanks were made when the wind
seemed to be blowing the flames
toward them. Tousands of persons
began flocking to the scene, at
tracted by a heavy smoke screen
that rolled down on the city.
Shortly after moo nfive tanks in
all had exploded. In each case there
was d dull boom, but no conclusion.
The fire started in a crude oil still,
in which the liquid is headted, and
vaporized. The flames soon leaped
to surrounding tanks.
The fire which swept this area
more than year ago burned for
several days, causing loss of sew
eral millions. More than thirty
large oil tanks exploded spraying
factories and other buildings in the
vicinity, several of which were de-
ct
Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-03-12
GENERAL MEETING
OF FARM INTERESTS
PROPOSED FOR MAY {
Continued from Page u

Gil of the American Farm Bureau
had perfected, and which he said
would be put in operation this year,
was given by President Howard in
his speech. President Howard said
that the plan was the result of sew
eral years study and research, ana
that the American Farm Bureau Fed
Grafton believed that it would solve
the grain marketing plan of the
farmers of the grain belt.
He said that if the cotton planters
desired, the American Farm Bureau
Federation would appoint commit
tee Immediately and set it to work to
devise a plan for the marketing of
cotton. He urged that due consider
alton be given all plans presented so
far, and that no steps be taken until
all the information Obtalnable had
been secured and had been thorough
ly investigated.
THE cooperation which the farm
bureau brings to the individual farm
er cannot be under estimated" he
said, land / hope that you GeorSlans
succeed in organizing bureau in
every county of your state.
Caution in organizing any kind OF
marketing plan was the theme OF
H. e RuggleS, of the federal bureau
of markets. He said that mistakes
made in the beginning meant untold
loss to the farmers, and that IT
would take more money ana tlle 10
undo a wrong beginning than the
farmers would lose even though they
failed to get a plan in operation for
a year or more. Mr.. Ruggles re-
viewed at length a number of agri-
cultural marketing plans which have
been operated in other states of the
country, and advised the members of
the Georgia branch to study each or
them before proceeding with the
formation of plan to market cotton.
Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-03-12
HOO TCIIII!!
Agents Making Wads of
Money
No House-to-House Canvass
ing-Sales Made to Deal
ers-Big Profits for All.

IF you are making less than SIS a
day clear, write for Information about
the newest, easiest. quickest seller
ever offered. We want active agents
to sell Hootch, the new confection
with the flavor, to drug stores, candy
stores, news and cigar stands, restau-
rants, cafes, etc. All time or part
time.
$500 the First Day
Holzer made SIS the first day out.
Goldsmith sold dealers out of 8.
ing else like this rapid fire seller.
No effort at all to get the orders.
Dealers just take Hootch away from
the agent. Some Of our men say
that their stocks are sold before
they get around to all the places. Re-
peat orders come all the time because
the dealers sell it so fast. They pass
it out to one man and there's an
other waiting for his. A man buys
and then goes back for more and
brings his friends. And these friends
bring others. That means stream
Of cash for the agent who takes the
dealers orders. Orders, Orders, Or
ders and fat commission on every
one of them. Big money made easy
do you want it? They hurry your
request for confidential information
and special agents prices. Don't try
to compare this with the old fashion
ed agency propositions. They all fade
away beside this-it's a World-b beaten
the one best bet today.
Write-Quick
Territory is being snapped up
everywhere. SO don't wait-don't put
off. No money to send. Just ask us
to tell you the whole story. Particu-
lars are free. We will tell you how
to get in on this without risl1ing a
penny. You can't lose-and you are
card or letter today.
HOOTCH CANDY MAKERS
229 w. Madison st. Dept. LAT, Chicago