davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-06-28
WHEAT FIGURES
HTTLOWER LEVELS
Prices Sag Despite Further
Rains and Unfavorable
Crop Reports.

CHICAGO, June 27.-Despite
further rains in the Southwest and
complaints of damage from that
section. and unfavorable reports
from the Northwest, where it re-
mains dry and hot wheat prices
interest is limited and with a lack of
gressive support an outstanding
feature. Sentiment generally be-
came a little bearish due to the
failure of the market to respond
to the bullish news. For the past
week news generally has been of
a bullish character and prices
showed a drop of around cents
As compared with a week ago. For
efgn demand remains slow and
premiums -on spot showed a tend
eney to decline today although
country offerings were not large
due to the recent rains. Outside
interests limited and with a lack of
speculation the decline has been
easily attained. Forecast suggests
showers for practically all sections
except Kansas and Nebraska and
the Dakotas with continued warm
weather. Corn and oats were
easier and declined under scattered
selling. Crop reports on corn are
excellent with growth usually we'll
advanced for this season. much corn
in Iowa being reported 31-2 to 5
feet high, while in Nebraska it is
expected to tassel within two
weeks. The movement to terminals
is holding up very well and sample
values q cent lower. With an eIeva-
tor interest the best buyer, oats
market rather dull and trade mainly
local. Unfavorable crop reports
had little effect. Sales $4,000
bushels corn were made to go to
store for delivery on July contracts.
Provisions were under pressure
with packers fair sellers of lard.
Decline of I0a15 cents in hogs was
a factor. Bulk of sales at the yards
was at sS-l0aS65. Receipts $4,000
with 10000 for tomorrow. Western
run 10000 against I03.5OO a week
ago and 114.5OO last year. Money
easy call T. time 7a714. Exchange
The Washington herald., 1921-06-28
CHANGE IN MEXICAN
PROGRAM UNLIKELY
DESPITE OBRECON
Promise to Respect Oil
Rights Considered
Not Binding.
FEAR FOR FUTURE
Treaty Declared Essential
For Permanent Un-
derstanding.

The Harding administration, II
was learned yesterday, intends to
stand pat on its requirement, as
a condition precedent to recogni-
tion, that the Obregon government
give signed guarantees that u VIII
.onfscate no American properties In
Mexico.
This disclosure was made officially
In connection with comment on Pres
Ident Obregon's assertion that Mex
leo does not interd and never has
intended to confiscate American oil,
mining and other properties under
article 27 of the CarTanza cOnstitu-
tion nationalizing natural resources.
Respect Tor Private Rights.
Every private right acquired
prior to May 1, 1917, when the new
Constitution was adopted, will be
respected and fully protected" said
the Oregon statement. The IA
nous article 81. one clause of which
declares the nations ownership OF
subsoiI rights in petroleum. VIII
never be given retroactive effect nor
has it ever been given retroactie
effect"
There has been delay, Obregon ad-
mits, in enacting a law carrying out
the article in the spirit indicated,
but this delay has been due to the
absorption of the Mexican congress
In constructie domestic legislation
and furnished 10 just ground for
the suspicion that confiscation is
contemplated.
Article Not Retroactive.
Obregon further said that mot
only have We made repeated and
Official declaration that article 81
would not be given retroactive
effect. but we have forbidden any
action whatsoever that might give
any such appearance"
The Harding administration can
not understand why Obregon. If sin
cere. is unwilling to write these
promises into a treaty.
1t was pointed oJt that Carranza
gave similar assurances and then
proceeded to issue DEGREES under
which NUMEROUS American oil prop
critics valued at millions of dol
lars were liable to conhscation.
The Washington herald., 1921-06-28

The grand total production UP ito
1919 is estimated at 12.S09.o17,3 ,354
net or short tons. This means prob
ably a so per cent greater amount
in exhaustion at the mines.
Speculation and estimate as 10
how long our coal supply will last
are interesting though subject to
many influences that cannot be fore
seen. II the rate of increase of con-
sumption should go on as it VS. in
1913 the supply would not last more
than 100 years, but il 1t would con-
tinue at the same rate then the gross
supply is probably ample for 1000
Years. Certain forms of coal would
be exhausted at a much earlier date,
however, and we would be compelled
to use the less efficient kinds Sc
cured at greater cost of production.
The coal resources of the worid as
divided between the several contin-
ents shows how rich the supply of
the United States is by comparison.
Including Alaska we have about half
of the worlds supply. ..
The Washington herald., 1921-06-28
Tariff Bill Completed
By Committee of House

Preparation of the new permanent
protective tariff bill was completed
by the majority members of the
House Ways and Means Committee
yesterday afternoon.
The last dispute was settled when,
by vote of IL to 3, the committee
wrote an embargo section into the
chemicals. and dyestuffs schedule.
The duration of the embargo and
the imports affected are left to the
discretion of the tariff commission.
Chairman Fordney will Introduce
the measure Thursday. and II will
be called up in the House on the
following Thursday.
The Washington herald., 1921-06-28
RAILROAD BOARD
EXTENDS PAY CUTS
To ALL employees
Order Affects 210 Roads
And Saves About
$400,000,0 900.
STICKS TO AVERAGE
Sixty Per Cent Reduction
Made From Last Years
Increases.

CHICAGO, June 27.-Wage reduc-
ton orders. effective July l. were
today extended by the United States
Railroad Labor Board to practically
every large railroad in the country
Two hundred and ten systems are
affected by todays order and the
reductions now ordered represent a
saving Of approximately 100000
900 annually for the roads. Nc
change from the average of IL per
cent reduction granted l04 carriers
on July /, was made by today's de-
cisiOn.
Names All Glasses.
About one half OF the roads in
GUIDED in today's order were parties
10 the original decision. the dupli-
cation resulting from the fact that
many roads did not include all
classes of employees in their first
petition. All classes of employees
have now been named.
Rates of reduction for several
minor classes of employees were
added to the order today. Chefs
and other restaurant workers, din
ing car employees, laundry workers
and porters were named in added
sections of the decision. Reductions
of so per cent of the increases
granted such employees since Feb
ruary 90, 1920. just before the roads
were returned to private control.
were directed for these employees.
Refuses to Change Award.
Immediately following the an
nouncement Of the boards wage cut
on June !. roads from every section
Of the country sent in their appli-
cations for authority to make
similar cuts. Many of the roads
which asked reductions for only a
part of their employees, came back
with applications to cover all en-
pIoyes. The IL per cent reduction
was generally unsatisfactory to the
carriers who wanted the entire 1920
wage award wiped out. but the
board was determined not to change
its award. as announced June /.
The Washington herald., 1921-06-28

regulating the coal mining
industry has awakened inter-
est in the coal resources Of the
country. Secretary Falls remark
that the government was the owner
of a large area OF coal lands leads
to the question Of the rate of con-
sumption at which our coal is being
utilized.
OficAl reports Of the Geological
Survey do not disclose the owner
ship Of coal lands While there are
large areas of undeveloped coal
fields on public lands these are so
intermixed with lands on which the
coal rights have been taken up that
it is difficult even to estimate the
relative areas. Some idea may be
formed from the study of the table
2 below, however, which gives the
distribution of the principal coal
areas by provinces and the esti-
mated quantity of coal of each
groups in millions OF tons.
OF the five grades We have the
least amount OF the best grades.
These are not the most valuable be-
cause they are rare, like precious
metals, but because they have the
highest heating values. The total
estimated supply Of each class of
coal is as follows:
GRADES AND AMOUNT OF COAL.
The Washington herald., 1921-06-28
TIMELY WALL STREET TOPICS

NEW YORK, June 27.-Today's
reaction in the stock market con-
formed to the expectations of those
in Wall Street who had taken
heed of the extent of the recovery
toward the end OF last week, and
especially the pace of the upturn
on Saturday. The constructive
element evidently has not recover
ed from the effects of seven weeks
depression sufficiently to warrant
an attitude of passivity when
profits are obtainable. Today's re-
lapse of 1 and or more points
in the standard issues, was due
to a combination of profit-taking
and a resumption Of selling for
the short account. Prices were
slightly higher at the opening but
soon began a slow decline which
continued scarcely without inter-
ruption up to the. close.
The railroad stocks, in general
held firm today although the In
dustrials sold off after an exhibit
ton of strength at the opening. A
factor in the demand for rails is
the expectation that announcement
will be made this week of govern
ment plan for funding railroad OBJ
legations incurred during Federal
control. Although wage reductions
have already been discounted by
the market, buying today was con-
current with the decision Of the
Railroad Labor Board that the same
scale of reductions announced seve-
raj weeks ago in favor of IL roads
whose cases were then before the
board, would apply to so addition
al roads. Representatives of the
Big Four brotherhoods are to meet
in New York July /, to accept or
reject the cut.
Those traders who stated con-
fidently in the carly part of last
week that Mexican Petroleum
would never again sell as high as
1l3 were wrong. Saturdays mar
ket settled that point. But ac-
cording to this mornings dispatch
es they were scarcely much more
in error than the optimists, who
when the stock showed definite
signs Of recovery, dismissedk the
Mexican oil tax as a dead issue.
General Obregon was quoted this
morning as standing solidly against
a repeal of his governments de-
cision to increase the export tax.
On the strength of this news MeXi-
can Petroleum was put under
selling pressure soon after OPEN
ing with net gain of quarter
point at 1lS today. From that
position 1t slid down until l14h
was reached before the end of the
second hour.
Pan-American Petroleum declin-
ed. Of course. with Mexican Petro-
leum but the American oils main
tanned steady tone. The oil in
dustry at the moment is suffering
from over-production. and the quns-
tion is what particular field or or
The Washington herald., 1921-06-28
Hoover Says Coal Prices
NOUD Are Not Excessive

The price of bituminous coal at
the mines is not too high and in
some instances the mines are op-
Grating at a loss. Herbert Hoover,
Secretary Of Commerce, said yes
terday.
Between the price at the mines
and the price paid by the consumer,
he said. there Is a wide margin. He
said that for the present the only
protection for the consumer is to
check the price of coal at the mines
against the freight rates and allow
ton.
The Washington herald., 1921-06-28
Portugal Finds Money
Full of Deadly Germs

Paper currency in Portugal has
fallen into disfavor with the health
authorities, according to advices to
the Bureau of Foreign and Domes-
kic Commerce.
Five and ten-centavo notes are a
little bit weightier than when they
left the printing press. Taken in
charge by a bacteriologist, several
notes were washed in ether. Each
was found to contain an average
Of 8 grams Of harmful bacteria
and othsr impurities.
The Washington herald., 1921-06-28
COTTON FINANCING
WILL BE DISCUSSED

Secretary of Commerce Herbert
Hoover announced yesterday that
he has been directed by the Pres
ident TO confer with Secretary Of
the Treasury Mellon and Eugene
Meyer. jr., of the War Finance Cor
poration. on an investigation OF in
sufficient credits in the South 20
carry the cotton crop.
The Washington herald., 1921-06-28

ganization will correct this situa-
tion by curtaIling It's output. Num-
erous small producers hesitate to
do SO because the small production
which they are marketing is their
only source of income and they
must sell ell to remain in the
running. Competition among the
larger producers Is so keen that an
agreement on production is con-
sidered out of the question. This
is where the Mexican oil tax comes
in. According TO the best oil au-
thorities IL would be next to i'm
possible for Mexican producers to
compete with American under the
handicap of a tax equivalent TO
about so per cent of the value of
the oil at the wells. II the State
Department Is unable to persuade
the Mexican government to relent
IL is believed that the Mexican pro-
duction would suffer compulsory
curtailment thereby bringing the
supply on this continent down close
to demand. All this is cited as a
line of reasoning why American oil
stocks should actually benefit tenn
porarily by the Mexican oil tax.
At about the time the average
industrial stock began to ease of
shortly after the opening, Chandler
Motor started a rally which carried
the price up 2L points above the
Saturday closing and over hve points
above the Saturday low. In the
first hour on Saturday Chandler did
just the opposite. declining while
stocks in every other quarter were
rising sharply. The suspicious
rumor on which that decline was
based-a story raising question
about the next dividend-vas dis
missed entirely as a market factor
even before President Chandler is
sued his statement this morning
In quarters where the story was
considered in the light OF bear pro-
paganada, the belief was that ii
was intended to facilitate the re-
tirement of short commitments,
After referring to the directors ac-
tion in cutting the dividend rate
from a $40 to a s6 annual basis as
a means Of retaining a strong cash
position, Mr.. Chandler stated that
I'VE see no reason for changing
the view that both the strong cash
position and that dividend rate can
be maintained" The next dividend
meeting will not be held until
September.
The Washington herald., 1921-06-28

ing at and SIS. Imperial oil
sold at Z. The company declar-
ed the regular dividends of per
lent quarterly on the perferred
and l per cent only on the common.
The Washington herald., 1921-06-28

A short time ago when the brok-
erage business was particularly poor
a broker out on the Broad Street
curb was prompted to remark that
On June % when the market was
moved indoors the members Of the
new exchange could feast their eyes
on a seO0.0 900 ceiling but would find
few dollars on the floor. Had the
change been made last Saturday
when stocks were booming. that
prediction would have been in
error. But today it was mainly cor
rect. The brokerage business was
dull on all exchanges.
The Washington herald., 1921-06-28

'16 ss7.514 1.051 .2sO 3.553.s37 s.5as.5s4
tically untouched and will prob
ably remain so for some time with
the development in Canada going
on.
The Washington herald., 1921-06-28
AMERICAN COAL RESOURCES
AND WORLD SUPPLIES
Fuel Consumption Indicates Passing of Indus.
trial Depression. r"
HERALD ECONOMIST.1

which also represents consumptinr
is shown by the following table.
PRODUCTION OF COAL BY TOTAL
TONNAGE FOR DECADES.
The Washington herald., 1921-06-28

with Alaska, the total is 4.231,-
352, 100000 tons for the United
States. The Alaskan fields are prac-
The Washington herald., 1921-06-28
WORLDS RESOURCES OF COAL.

The total production OF coal in the
world in recent years has been
about 1900 200. 900 tons of which the
United States produced about s7S,-
100000 tons and exported $4,000. 900
tons leaving over 650,00O,000 tons
Tor home consumption. Imports of
coal are of little Importance amount
ing to only about 1,500,0 tons in
recent years.
The rate of consumption OF coal
is an indication of the Industrial
condition and the increase in pro-
duction which began in April and
continued through May shows a
tendency toward the revival of in
dustry. The total production in 1921
thus far Is considerably behind 1920.
Exports have recently increased.
. RESOURCES IN THE UNITED STATES.
{ short tons.)
Within
Sub- 2OO feat
The Washington herald., 1921-06-28

Furnished BY W. B. Hibbs 4 Co., members
New York Cotton Exchanre,)
The Washington herald., 1921-06-28
Breadstuf Movements

NEW YORK, June T.-The following
shows the movement OF bresdstufs at New
York today in bushels Of grain and barrels
of flour: Receipts. Exports
Wheat .......... 5000 $4,000
Corn bJ,Op
Oats .,........ 1000 ..
Flour .... 5lcoG Il 900
The export clearances from the seven prin-
cipal ports Of the Atlantic seaboard New
York, Boston, Philadelphia. Baltimore. New
port News, Galveston and New 0rleansD thus
far this week, as compared with the corre
spending day OF last week. have been as
follows: Flour. Wheat Corn.
To-day. .. 1900 2,7l0.OO0 $4,000
Last week 1000 23c5. 900 $4,000
Exports Of wheat from the four ports New,
York. Boston. Philadelphia and Baltimore
were 900: last year, 525,O00
The Washington herald., 1921-06-28
(By THE WASHINGTOl

TINE agitation for legislation
regulating the coal mining
industry has awakened inter-
The Washington herald., 1921-06-28

furnished BY ". B. Hibbs Co., member.
Chicago Board Of Trade,l
The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1921-08-08
DEMAND is FOR SPECIALISTS
Versatile Man Has Little Chance Of
Rising to Really Commanding
Position In the World.

The versatile man has always been
q source both of envy and Of pity, says
a writer In the london Daily Express.
We wish at times we had his talents,
but then we rccolect the ancient prov
erb. Observation-Disclosures" and we wisely
are content to be ourselves.
Versatility Is an enylable luxury
but 1t remains luxury. 1t is Of little
market value In this world. Each
generation becomes more and more
a generation Of "speciallsts"-one man
picks the hops. the other brews the
beer.
So 1t Is In every path OF life, and
50 must be- Progress does not come
Of discussing dellcately "cabbages and
kings In my lady's drawing room.
Progress comes from grIttlng our teeth
and mastering one thing at time
Once we have struck our roots. then.
certainly, the wider our interests are,
the more we appreciate life. But the
merely versatile nnn has never struck
his roots. His talents may be varied,
bat he falls to sayDr lfeuin Its finest
sense because he has never learned
The meaning Of the finest sense. %,
'Do one thing with all your might
and happiness is yours. Do two things
with half your might and Your la
bors are vain. Make up your mind
what you want to do or be. Then re-
fuse to be led away by side issues.
The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1921-08-08
ARLINGTON

Mr. and Mrs. r. b. Case motord to
Poultney Friday.
Frank LaBatt is visiting in Sara
toga and Schenectady.
F. NJ. Walker and Walter Nfault
motored to Troy on business.
Clayton Hulett went to Dandy
of his vacation with his parents.
Mrs. ]. II. Reichling Of Bennington
is the gust Of Mrs, Lawrence Cole,
Mr.. and Mrs. +. Stollsteimer and
son left last week for an extended
motor trip,
Mrs. Fred Brownson spent Thursday
in West Arlington. at the home of
Mrs. Harry Grout
Miss Mildred Cressey Of Marshfeld,
Mass is spending her vacation in town
with her mother
Helen Hitchcock OF Manchester
Center is the guest Of her grandparents
Mr.. and Mrs J. h. Lakin.
Mr.. and Mrs. p. Fl. Thompson
and Children motord to Bennington
one afternoon last week.
Mr. and Mrs A. w. Noyes, who
have been visiting friends in West
Rutland, have returned home.
A.. MiiIman has recently had a
telephone Installed IN his residence on
Water Street The call is 1875.
Mrs. w. S Manning of New York
arrived Thursday afternoon to spend
a few weeks ut the Burdett House.
Marion Morissey who has been
spending some time as the guest Of
Mrs John Geary has returned home
Wltter Bynner was the guest of the
Poetry Discussion group at Camp
Avalon, Saturday afternoon, Aug.
g.
Mr.. c, a. Deals who has been Ill
for some time, is improving in health
and is now able to be about the streets
again.
The local dealer for Apperson motor
cars is f. O. Estey and not +. o.
Eddy as appeared in one issue Of
The Banner.
Mrs Walter Rochu and children Of
Englewood N. j. are in town the
guests OF Mrs. kochn's mother, Mrs.
VIM. rockingham Smith.
Mrs Barrett who has been the
guest of her daughter. Mrs. John
kcough OF South Main St has gone
to Rutland to visit friends there.
H. d, La Bait has returned from
New York where he has been visiting
friends. lie made the return trip by
motor with Mrs. w. J. Jones and son
Leslie Jones'
An addition, consisting of a large
Office and stock room Is being built
on the south end of the Conroy
Garage, to accommodate their rapidly
increasing business
The Ladies' Auxiliary and the Guild
lawn of st James Church. Thursday
| will hold their annual fair on the
AFTERNOON, Aug. 18th. The fair will
consist of food sale, the sale of use
full and fancy articles which the lad
les have made during the year. ice
cram and cake. and pictures which
Rev Sherwood Roosevelt has taken
of local Views etc and prepared in Il
most attracting and interesting way
for sale. Everyone is invited to attend
this fair Keep in mind the date
Aug. nth and come and help make II
Zig Success,
The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1921-08-08

Dice, In some form or other, have
existed in every period Of history and
In every nation. They are depicted
on the early Egyptian monuments and
those excavated at Thebes are very
similar TO the dice made today Their
use is attested by laws regulating the
games played with them in ancient
Greece and Rome. as well ms In most
European countries.
The invention Of dice Is attributed
to Palamedes. about 1874 Il. C. But
the use of cubes with numbered sides
for gambling purposes Is probably
much earlier.
The Latin word for dice, tesserae,
Is derived from the Greek tesseres,
Ionic for tessares, four, because It Is
ON every side squire. Frequent pas
sages in the works OF ancient writer's
aud numerous representations In
marble and paintings show how pop
ular dice playing was among them.
The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1921-08-08
oshapsn q the sky.

What Is the apparent form of the
vault of the sky There is probably
no one to whose eyes 1t seems n true
hemisphere, with its zenith appearing
as distant as the horizon. At sea.
or IN fiat country, the seeming
greater distance of the horizon is best
shown. one authority, In discussing
this question, peaches the conclusion
that the form Sf the vault, in vertical
section, ~ that of the segment Of n
circle, the arc of which subtends at
the center an angle of the order OF
40 degrees u the reader will draw
such a segment, he may be surprised
by the amount of fattenlng, which is
thus ascrlbed to the sky. From this
optical illusion many curious effects
arise, such as the seeming increased
magnitude Of the sun and moon when
near the horizon and the apparently
oval form Of halos aud coronas seen
at low attitudes.